---
schema_version: "secwatch.filing_event.v1"
accession: "0001825079-24-000010"
form_type: "8-K"
ticker: "VELO"
cik: "0001825079"
company_name: "Velo3D, Inc."
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:26:46.335251+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001825079-24-000010
- form_type: 8-K
- ticker: VELO
- cik: 0001825079
- company_name: Velo3D, Inc.
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1825079/000182507924000010/0001825079-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825079/000182507924000010/vld-20240404.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001825079-24-000010
- JSON: https://secwatch.observer/filing/0001825079-24-000010.json
- Plain text: https://secwatch.observer/filing/0001825079-24-000010.txt

## Key facts
- Earnings Releases
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825079/000182507924000010/0001825079-24-000010-index.htm

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