secwatch.observer — SEC 8-K summary
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Issuer:     Velo3D, Inc. (VELO)
CIK:        0001825079
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001825079-24-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825079/000182507924000010/0001825079-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825079/000182507924000010/vld-20240404.htm
  HTML page:      https://secwatch.observer/filing/0001825079-24-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer