---
schema_version: "secwatch.filing_event.v1"
accession: "0001825079-23-000027"
form_type: "8-K"
ticker: "VELO"
cik: "0001825079"
company_name: "Velo3D, Inc."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T18:57:20.880385+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Velo3D Q2 rev $25.1M (+28% YoY), net loss $23.2M; cuts FY23 guidance to $105-115M; $70M debt offering

## Summary
- Q2 revenue $25.1M, up 28% YoY; GAAP net loss $23.2M ($0.12 loss per share) vs net income $128M in Q2 2022.
- Non-GAAP net loss $19.3M ($0.10 loss per share); gross margin 11.9% vs 6.3% YoY.
- Updated FY2023 revenue guidance to $105M-$115M (down from prior expectations due to order delays).
- Ended Q2 with $47M cash; announced $70M senior secured convertible notes offering to strengthen liquidity.
- Record new customer orders, with 90% of Q2 bookings from new customers; manufacturing cycle times improving for Sapphire XC.

## SEC filing metadata
- accession: 0001825079-23-000027
- form_type: 8-K
- ticker: VELO
- cik: 0001825079
- company_name: Velo3D, Inc.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825079/000182507923000027/0001825079-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825079/000182507923000027/vld-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001825079-23-000027
- JSON: https://secwatch.observer/filing/0001825079-23-000027.json
- Plain text: https://secwatch.observer/filing/0001825079-23-000027.txt

## Key facts
- Earnings Releases
  Velo3D, Inc. reported the three and six months ended June 30, 2023 results: revenue $25.1. Guidance reaffirmed.
  - Period: the three and six months ended June 30, 2023
  - Revenue: $25.1
  - Guidance: reaffirmed
  - Result: reported results
  source text: the critical, high value metal parts they need.” ($ in Millions, except percentages and per-share data) 2 nd Quarter 2023 1 st Quarter 2023 2 nd Quarter 2022 GAAP revenue $25.1 $26.8 $19.6 GAAP gross margin 11.9% 10.9% 6.3% GAAP net income (loss) 1 ($23.2) ($36.2) $128.0 GAAP net income (loss) per diluted share ($0.12) ($0.19) $0.63 Non-GAAP net loss 2
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825079/000182507923000027/0001825079-23-000027-index.htm

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