Welcome to our dedicated page for Velo3D news (Ticker: VLD), a resource for investors and traders seeking the latest updates and insights on Velo3D stock.
Velo3D, Inc. (VLD) is a metal 3D printing technology company in the additive manufacturing sector, with a focus on mission-critical metal parts. The VLD news page on Stock Titan aggregates company announcements, earnings releases, technology updates, and capital markets disclosures so readers can follow how Velo3D’s business and metal additive manufacturing platform are evolving over time.
In its public communications, Velo3D frequently reports on financial results, bookings, backlog, and cost realignment efforts, providing insight into demand for its Sapphire printers and integrated Flow and Assure software systems. Earnings releases have discussed topics such as bookings from existing customers, expansion in defense and space-related sectors, operating expense reductions, and strategic review processes. These updates help investors and observers understand how the company is managing operating conditions and pursuing its priorities in additive manufacturing.
Velo3D also issues news about customer deployments and research collaborations. Examples include announcements about organizations such as the National Institute for Aviation Research and Mears Machine Corporation using Sapphire and Sapphire XC printers for aerospace, defense, and advanced materials work. Such articles illustrate how the company’s metal AM technology is applied in space exploration, aviation, energy, and semiconductor-related applications.
Capital markets and corporate governance developments are another recurring theme in Velo3D’s news flow. The company has announced reverse stock splits, NYSE continued listing notices, and later the anticipated commencement of trading on the OTCQX Best Market under the symbol VLDX. By reviewing these updates in one place, readers can track how Velo3D’s trading venue, capital structure, and governance decisions intersect with its technology roadmap and customer adoption.
Investors, analysts, and industry followers can use this news feed to monitor Velo3D’s progress in metal additive manufacturing, its relationships with aerospace and defense customers, and its ongoing financial and strategic initiatives.
Velo3D (NYSE: VLD) announced that Hermeus, a company focused on hypersonic aircraft, has acquired two advanced 3D printers for manufacturing engine parts. The Sapphire and Sapphire XC printers will produce components for the Chimera engine and Quarterhorse aircraft.
This collaboration aims to enhance performance, reduce weight, and streamline production. Hermeus has raised over $130 million and is backed by the U.S. Air Force and NASA, making it a significant player in aviation innovation.
Velo3D, Inc. (NYSE: VLD) reported a remarkable 60% revenue increase in Q2 2022, reaching $19.6 million, which is over a 160% year-over-year growth. The company reiterated its FY2022 revenue guidance of $89 million, backed by strong demand and a $55 million backlog. The launch of the Sapphire XC 1MZ system is expected to drive further growth. Despite challenges in gross margins and supply chain issues, Velo3D maintains a strong balance sheet with $142 million in cash.
Velo3D has announced that StarHagen has joined its Contract Manufacturer Network by acquiring a Sapphire printer for additive manufacturing. This printer is capable of producing parts using Inconel 625, a high-strength nickel-based superalloy ideal for aerospace applications. StarHagen aims to enhance its production capabilities, leveraging Velo3D’s technology known for minimal support usage and precision. The partnership underscores Velo3D's growing influence in the aerospace sector, particularly in North Carolina, where StarHagen operates.
Velo3D, a leader in metal additive manufacturing, has partnered with Hartech Group to provide advanced manufacturing technology to the Department of Defense and other federal agencies. Hartech will serve as a preferred distributor, facilitating simplified procurement for Velo3D's Sapphire printers through comprehensive project execution. This collaboration aims to enhance the federal government's ability to adopt cutting-edge additive manufacturing solutions, addressing complex requirements efficiently. Velo3D's technology promises improved supply chain management and design capabilities.
Velo3D, Inc. (NYSE: VLD) announced it will release its Q2 2022 financial results after market close on August 9, 2022. An earnings conference call will be held at 2:00 PM PT the same day. Interested parties can join via U.S. dial-in numbers or access a live webcast on the company's Investor Relations page. Velo3D specializes in additive manufacturing technology, providing solutions for sectors like space exploration and energy. The company has been noted for its innovation in metal 3D printing since launching its first printer in 2018.
Velo3D has announced that Pratt & Whitney, part of Raytheon Technologies, has acquired its Sapphire XC printer to manufacture jet engine components. This marks the printer's debut in Pratt & Whitney's operations, expanding its use of metal additive manufacturing. The innovative printing technology aims to enhance part consolidation and efficiency in aviation. The Sapphire XC printer is designed for high-performance materials, including Inconel 718. Velo3D's comprehensive solution includes printing and quality assurance software, promoting advanced additive manufacturing capabilities.
Velo3D announced that Knust-Godwin has acquired a Sapphire XC printer to enhance its metal additive manufacturing capabilities. This addition allows for larger parts to be printed at lower costs, with potential savings of up to 75% on production costs and an increase in part volume by 500%.
Knust-Godwin is the first contract manufacturer to receive the Sapphire XC, significantly expanding its production capabilities in the aerospace and defense sectors, among others. This acquisition is expected to boost operational efficiencies and customer service.
Velo3D, a leader in metal additive manufacturing, has launched its European Technology Center in Augsburg, Germany. This facility will serve as the company's European headquarters, featuring a Sapphire printer, demo center, and offices dedicated to customer training and support. The center spans over 110 square meters and aims to enhance Velo3D's regional presence and operations. The opening marks a significant step in Velo3D's growth, having experienced substantial success since delivering its first printer three years ago.
Velo3D, a leader in metal additive manufacturing, announced the launch of the Sapphire XC 1MZ, its latest printer capable of producing parts up to one meter high. This new system features a build volume twice that of its predecessor and incorporates innovative features such as eight 1-kilowatt lasers and increased throughput by up to 400%. The initial units are set to be delivered to aerospace companies in late Q3 2022. This advancement aims to meet growing demands in industries like aerospace, energy, and defense.
Velo3D, Inc. (NYSE: VLD), a leader in additive manufacturing technology, announced its senior management's participation in two investor conferences. CEO Benny Buller will present at the 42nd Annual William Blair Growth Stock Conference on June 6, 2022, at 1:40 p.m. ET. CFO Bill McCombe will speak at the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, at 1:15 p.m. ET. Interested parties can access live webcasts and replays on the company's Investor Relations website.