Velo3D Q4 revenue $29.8M (+56% seq); FY22 revenue $80.8M (+200% YoY); guides >50% growth in FY23

Velo3D, Inc.

Q4 GAAP revenue $29.8M (+56% seq); GAAP net income $22.6M ($0.11 diluted) includes warrant gain.
Non-GAAP net loss Q4 $16.4M ($0.08 loss per share); FY22 non-GAAP net loss $83.0M ($0.41 loss per share).
FY22 revenue $80.8M, up 200% YoY; GAAP gross margin 3.6% vs 18.1% in FY21.
Backlog $43M; new orders $15M in Q4; expects >50% revenue growth in FY23.
Initiatives: 20% reduction in quarterly non-GAAP opex by end of 2023; record Sapphire XC shipments.

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. updated its fourth quarter and fiscal year ended December 31, 2022 guidance (raised).

Period: fourth quarter and fiscal year ended December 31, 2022
Guidance: raised
Result: reported results

Exact text from the filing

On March 2, 2023, Velo3D, Inc. (“Velo3D, Inc” or the “Company”) issued a press release announcing its financial results for the three and twelve months ended December 31, 2022 (the "Press Release").

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Velo3D, Inc. filing history →

Source: SEC EDGAR

accession 0001825079-23-000010

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