secwatch.observer — SEC 8-K summary
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Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001825079-22-000001
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000182507922000001/0001825079-22-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000182507922000001/vld-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001825079-22-000001

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