{"schema_version":"secwatch.filing_event.v1","accession":"0001825079-23-000043","form_type":"8-K","ticker":"VELO","cik":"0001825079","company_name":"Velo3D, Inc.","filed_at":"2023-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.771182+00:00","generated_at":"2026-06-08T02:41:39.046485+00:00","sec_items":["2.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Velo3D cuts Q3 revenue by $200k, faces convertible note default risk, going concern doubt","bullets":["Q3 2023 revenue revised to $23.8M (down $200k deferral); gross profit $1.5M, net loss $(17.4M).","Company expects to miss minimum revenue covenant on senior secured convertible notes due 2026, triggering potential event of default.","If not waived, note holders can demand immediate cash payment; company lacks sufficient capital to satisfy.","Company will classify debt as current and disclose substantial doubt about going concern in upcoming 10-Q.","Negotiating amendment with holders but does not expect waiver within extension period."],"urls":{"canonical":"https://secwatch.observer/filing/0001825079-23-000043","json":"https://secwatch.observer/filing/0001825079-23-000043.json","markdown":"https://secwatch.observer/filing/0001825079-23-000043.md","text":"https://secwatch.observer/filing/0001825079-23-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825079/000182507923000043/0001825079-23-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825079/000182507923000043/vld-20231115.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T02:41:39.046485+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5d2d37fd3f1f5b1c415afad5ec577382e331e703","claim":"Velo3D, Inc. reported the quarter ended September 30, 2023 results: revenue $23.8 million, net income a net loss of $(17.4 million) million, or $(0.09) per diluted share, EPS $(0.09) per diluted share.","evidence_excerpt":"the Company expects the Quarterly Report to report for the quarter ended September 30, 2023 revenues of $23.8 million, gross profit of $1.5 million, gross margin of 6.3%, and a net loss of $(17.4 million) million, or $(0.09) per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825079/000182507923000043/0001825079-23-000043-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Revenue","value":"$23.8 million"},{"label":"Net income","value":"a net loss of $(17.4 million) million, or $(0.09) per diluted share"},{"label":"EPS","value":"$(0.09) per diluted share"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}