secwatch.observer — SEC 8-K summary
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Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0000950170-25-070439
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Velo3D Q1 revenue $9.3M, gross margin 7.5%, reaffirms >30% revenue growth for 2025
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- Revenue $9.3M (down from $9.8M YoY); GAAP gross margin improved to 7.5% from (28.8%).
- GAAP net loss $25.4M ($0.13/share); Non-GAAP net loss $8.9M ($0.04/share).
- Backlog $18M; reaffirms 2025 revenue growth >30% and EBITDA positive in H1 2026.
- Signed $15M five-year MSA with Momentus; exclusive supply with Amaero; RPS backlog tripled.
- Appointed Brice Cooper as VP Defense/Government; added Admiral Lloyd and Thieneman to Board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000095017025070439/0000950170-25-070439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000095017025070439/vldx-20250513.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-070439

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer