Velo3D reports Q1 2024 preliminary revenue $6-11M, bookings $27M, backlog $23M

Velo3D, Inc.

2024-Q1 EPS reported -$0.11 revenue$9,786,000

Bookings of $27M since mid-Dec 2023; Q1 bookings $17M, backlog $23M at quarter end.
Preliminary Q1 revenue $6-11M; gross margin -25% to 10%; OpEx $13-18M (excl. one-time/SBC).
Mears Machine ordered 2 Sapphire XC systems for defense/aerospace; 50% of orders from existing customers.
Company reaffirms target of ~30% gross margin by Q4 2024; system deliveries start Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Velo3D, Inc. reported preliminary financial results for the three months ended March 31, 2024.

Period: the three months ended March 31, 2024
Result: preliminary results

Exact text from the filing

On April 4, 2024, Velo3D, Inc. (the “Company”) issued a press release announcing certain updated bookings and backlog information, as well as certain preliminary, unaudited financial estimates for the three months ended March 31, 2024 (the “Press Release”).

View on SEC.gov

321 earnings releases filed in the last 30 days. Browse all earnings releases →

Velo3D, Inc. filing history →

Source: SEC EDGAR

accession 0001825079-24-000010

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.