---
schema_version: "secwatch.filing_event.v1"
accession: "0001825079-23-000041"
form_type: "8-K"
ticker: "VELO"
cik: "0001825079"
company_name: "Velo3D, Inc."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:26:06.152139+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Velo3D reports Q3 revenue $24M (+26% YoY), cuts FY2023 guidance to $91-103M, workforce >20%

## Summary
- Q3 revenue $24.1M, up 26% YoY; GAAP net loss $17.1M ($0.09/diluted share), non-GAAP net loss $18.9M.
- FY2023 revenue guidance lowered to $91-103M, citing order delays and realignment impact.
- Completed >20% workforce reduction in Oct 2023; expects >15% quarterly opex savings from Q1 2024.
- Cash and investments $72M at quarter end, up from $47M Q2; free cash flow improved 30% sequentially.
- Strategic realignment pivots from top-line growth to free cash flow, targeting profitability in FY2024.

## SEC filing metadata
- accession: 0001825079-23-000041
- form_type: 8-K
- ticker: VELO
- cik: 0001825079
- company_name: Velo3D, Inc.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1825079/000182507923000041/0001825079-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825079/000182507923000041/vld-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001825079-23-000041
- JSON: https://secwatch.observer/filing/0001825079-23-000041.json
- Plain text: https://secwatch.observer/filing/0001825079-23-000041.txt

## Key facts
- Earnings Releases
  Velo3D, Inc. updated its three and nine months ended September 30, 2023 guidance (reaffirmed).
  - Period: three and nine months ended September 30, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On November 6, 2023, Velo3D, Inc. (“Velo3D, Inc” or the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2023 (the "Press Release").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825079/000182507923000041/0001825079-23-000041-index.htm

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