secwatch.observer — SEC 8-K summary
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Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0000950170-25-104039
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Velo3D Q2 revenue $13.6M (+32% YoY); reaffirms 2025 growth >30% and H1 2026 EBITDA positive
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- Q2 revenue $13.6M vs $10.3M YoY; GAAP gross margin improved to -11.7% from -28.0%.
- GAAP net loss $13.8M ($0.98/share); non-GAAP net loss $11.3M ($0.81/share) vs $21.7M loss in Q2 2024.
- Backlog $15.9M at June 30, grewing to $17.8M as of July 25, driven by RPS demand from Space and Defense.
- Signed CRADA with NAVAIR, $4M MSA with Vaya Space, $22M partnership with Amaero, and $15M MSA with Momentus.
- Reaffirmed 2025 annual revenue growth >30% and expectation to be EBITDA positive in first half of 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000095017025104039/0000950170-25-104039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000095017025104039/vldx-20250806.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-104039

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