---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-096998"
form_type: "8-K"
ticker: "VELO"
cik: "0001825079"
company_name: "Velo3D, Inc."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:24:14.250383+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Q2 revenue fell 59% to $10.3M; GAAP gross margin -28%; cuts 30% of staff

## Summary
- Q2 GAAP revenue $10.3M down 59% YoY from $25.1M; GAAP gross margin negative 28%.
- GAAP net loss of $0.2M ($0.02 per share) improved from $23.2M loss; non-GAAP net loss $21.7M.
- Announced ~30% headcount reduction and additional cost programs; operating expenses down 37% YoY.
- Year-to-date bookings $21M; backlog $17M; >40% of orders from existing customers; defense >20% of shipments.
- Strategic review ongoing; expects challenging industry conditions into H2 2024.

## SEC filing metadata
- accession: 0000950170-24-096998
- form_type: 8-K
- ticker: VELO
- cik: 0001825079
- company_name: Velo3D, Inc.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825079/000095017024096998/0000950170-24-096998-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825079/000095017024096998/vld-20240814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-096998
- JSON: https://secwatch.observer/filing/0000950170-24-096998.json
- Plain text: https://secwatch.observer/filing/0000950170-24-096998.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.