secwatch.observer — SEC 8-K summary
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Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2025-11-10T23:59:59+00:00
Accession:  0001193125-25-274173
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Velo3D Q3 revenue $13.6M, net loss improves to $11.8M, backlog $21.1M; reaffirms FY25 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000119312525274173/0001193125-25-274173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000119312525274173/velo-20251110.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-274173

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