Velo3D Q4 revenue plunges to $1.8M from $23.8M QoQ; net loss widens to $58.2M; strategic review ongoing

Velo3D, Inc.

Q4 revenue $1.8M, down 92% sequentially; FY2023 revenue $77.6M vs $80.8M prior year.
GAAP net loss Q4 $58.2M ($0.28 diluted loss) vs Q3 loss $17.4M; FY2023 loss $135M vs $10M income in FY2022.
Cash and investments fell to $31M from $72M QoQ; free cash flow improved 35% YoY.
New orders $15M since mid-Dec 2023; >50% from existing customers; added 12 new customers including defense.
Board in active discussions with multiple parties to maximize stockholder value; strategic review ongoing.

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