secwatch.observer — SEC 8-K summary
======================================

Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001825079-23-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000182507923000010/0001825079-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000182507923000010/vld-20230302.htm
  HTML page:      https://secwatch.observer/filing/0001825079-23-000010

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