Velo3D Q3 revenue up 119% YoY to $19.1M but cuts FY2022 guidance to $75-80M

Velo3D, Inc.

2022-Q3 EPS reported -$0.07 revenue$50,977,000

GAAP net loss of $75.2M ($0.41 loss per share); non-GAAP net loss of $22.5M ($0.12 loss per share).
GAAP gross margin negative 0.6% vs 16.9% a year ago; supply chain shortages delayed shipments.
Bookings of $27M; backlog grew 20% sequentially to $66M; new European aerospace and U.S. auto customers.
FY2022 revenue guidance reduced from $89M to $75-80M due to key component shortages and potential Q4 disruptions.
Cash and investments $113M, down from $142M in Q2 2022.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Velo3D, Inc. reported third fiscal quarter of 2022 results: revenue $19.6. Guidance lowered.

Period: third fiscal quarter of 2022
Revenue: $19.6
Guidance: lowered
Result: reported results

Exact text from the filing

high value metal parts,” concluded Buller. ($ in Millions, except percentages and per-share data) 3 rd Quarter 2022 2 nd Quarter 2022 3 rd Quarter 2021 GAAP revenue $19.1 $19.6 $8.7 GAAP gross margin (0.6%) 6.3% 16.9% GAAP net income (loss) 1 ($75.2) $128.0 ($66.6) GAAP net income (loss) per diluted share ($0.41) $0.63 ($3.36) Non-GAAP net loss 2 ($22.5)

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Source: SEC EDGAR

accession 0001825079-22-000001

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