---
schema_version: "secwatch.filing_event.v1"
accession: "0001825079-23-000018"
form_type: "8-K"
ticker: "VELO"
cik: "0001825079"
company_name: "Velo3D, Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:16:43.645286+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001825079-23-000018
- form_type: 8-K
- ticker: VELO
- cik: 0001825079
- company_name: Velo3D, Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825079/000182507923000018/0001825079-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825079/000182507923000018/vld-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001825079-23-000018
- JSON: https://secwatch.observer/filing/0001825079-23-000018.json
- Plain text: https://secwatch.observer/filing/0001825079-23-000018.txt

## Key facts
- Earnings Releases
  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: ($0.19)
  - Guidance: reaffirmed
  - Result: reported results
  source text: ($ 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825079/000182507923000018/0001825079-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.