earnings
confidence high
sentiment neutral
materiality 0.70
Velo3D Q3 revenue $13.6M, net loss improves to $11.8M, backlog $21.1M; reaffirms FY25 guidance
Velo3D, Inc.
2025-Q3 EPS reported
-$3.43
revenue$36,532,000
- Revenue $13.6M vs $8.2M YoY; GAAP gross margin fell to 3.2% from 49.4%.
- GAAP net loss $11.8M ($0.69/shr) vs $23.1M ($37.54/shr) YoY; non-GAAP net loss $9.2M.
- Backlog $21.1M; RPS backlog up 22% QoQ; new customers >9% of Q3 bookings.
- Public offering of 5.83M shares at $3.00, gross proceeds ~$17.5M; uplisted to Nasdaq.
- Reaffirms FY25 revenue $50-60M and EBITDA positive target in H1 2026.
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