---
schema_version: "secwatch.filing_event.v1"
accession: "0001825079-24-000019"
form_type: "8-K"
ticker: "VELO"
cik: "0001825079"
company_name: "Velo3D, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:28:28.484494+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Velo3D Q1 revenue $9.8M, net loss $28.3M; sees >30% sequential revenue growth in Q2

## Summary
- GAAP revenue $9.8M vs $26.7M YoY; GAAP net loss $28.3M ($0.11 loss per share); non-GAAP net loss $20.2M ($0.08 loss per share).
- Q1 bookings of $17M; $22M backlog exiting Q1; 50% of orders from existing customers; added 3 new defense customers.
- Operating expenses down 30% YoY; aiming for cash flow breakeven in H2 2024; expects >30% sequential revenue growth in Q2.
- Strategic review process to maximize shareholder value remains ongoing; cash and investments $11M at quarter end.

## SEC filing metadata
- accession: 0001825079-24-000019
- form_type: 8-K
- ticker: VELO
- cik: 0001825079
- company_name: Velo3D, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825079/000182507924000019/0001825079-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825079/000182507924000019/vld-20240515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001825079-24-000019
- JSON: https://secwatch.observer/filing/0001825079-24-000019.json
- Plain text: https://secwatch.observer/filing/0001825079-24-000019.txt

## Key facts
- Earnings Releases
  Velo3D, Inc. reported financial results for first quarter ended March 31, 2024.
  - Period: first quarter ended March 31, 2024
  - Result: reported results
  source text: On May 15, 2024, Velo3D, Inc. (“Velo3D, Inc” or the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2024 (the "Press Release").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825079/000182507924000019/0001825079-24-000019-index.htm

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