Velo3D reports Q1 revenue $27M (+120% YoY); gross margin expands to 11% from 6%

Velo3D, Inc.

2022-Q3 EPS reported -$0.19 revenue$26,814,000

GAAP revenue $26.8M (+120% YoY); GAAP gross margin 10.9% vs 5.9% in Q4 2022.
Bookings $20M (+30% sequentially); backlog $24M; 75% of Q2 revenue already booked/recurring.
GAAP net loss $36.2M ($0.19 loss per share); non-GAAP net loss $17.8M ($0.09 per share).
Cash and investments $64M; net cash flow improved from ($33)M to ($16)M.
Reaffirmed 2023 guidance of >50% revenue growth; targeting 20% YoY reduction in Q4 non-GAAP opex.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Velo3D, Inc. reported fiscal first quarter ended March 31, 2023 results: revenue $26.8, net income ($36.2), EPS ($0.19). Guidance reaffirmed.

Period: fiscal first quarter ended March 31, 2023
Revenue: $26.8
Net income: ($36.2)
EPS: ($0.19)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

($ in Millions, except percentages and per-share data) 1 st Quarter 2023 4 th Quarter 2022 1 st Quarter 2022 GAAP revenue $26.8 $29.8 $12.2 GAAP gross margin 10.9% 5.9% 0.1% GAAP net income (loss) 1 ($36.2) $22.6 ($65.3) GAAP net income (loss) per diluted share ($0.19) $0.11 ($0.36)

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Source: SEC EDGAR

accession 0001825079-23-000018

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