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Velo3D, Inc. - VLD STOCK NEWS

Welcome to our dedicated page for Velo3D news (Ticker: VLD), a resource for investors and traders seeking the latest updates and insights on Velo3D stock.

Velo3D, Inc. (symbol: VLD) is a cutting-edge technology company specializing in advanced metal additive manufacturing, also known as 3D printing. The company aims to revolutionize the industry by offering comprehensive solutions that significantly enhance the performance, cost-efficiency, and lead time of producing high-value metal parts.

Velo3D's intelligent metal additive manufacturing solution includes three core components:

  • Velo3D Flow: Intelligent print preparation software that optimizes the design and manufacturing process.
  • Sapphire Production System: A state-of-the-art production system that utilizes lasers, optics, and automation to build complex metal parts with high precision.
  • Velo3D Assure: Real-time quality assurance software that ensures the reliability and quality of every part produced.

Founded with a mission to 'build the impossible,' Velo3D leverages its proprietary algorithms and software in computational geometry, machine vision, modeling, control, and graphics. This, combined with its hardware expertise in lasers, optics, metrology, and automation, sets the company apart in the rapidly growing metal additive manufacturing industry. The sector is experiencing growth rates nearing 90% and is projected to be worth over $10 billion by 2020.

Velo3D is not just a technology provider but a partner in innovation, committed to helping clients accelerate their development cycles and reduce production costs. Recent achievements include partnerships with leading aerospace, automotive, and industrial companies, which have successfully utilized Velo3D’s technology to create parts that were previously considered impossible to manufacture.

Financially, Velo3D is well-funded, enabling continuous research and development to stay at the forefront of the industry. The company is also actively seeking talented individuals to join their mission, contributing to the ongoing advancements in metal additive manufacturing.

For the latest updates and relevant information about Velo3D’s performance, events, and developments, visit their official news section.

News

Velo3D, Inc. Announces Executive Leadership Changes

Rhea-AI Summary
Velo3D, Inc. announces executive leadership changes with the appointment of Hull Xu as Chief Financial Officer. Re-alignment initiatives to maximize cash flow and operational efficiency remain on plan. Michelle Sidwell appointed as Chief Commercial Officer. Renette Youssef, Chief Marketing Officer, to leave the company. CEO Brad Kreger praises strategic initiative execution and growth in new orders.
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Velo3D Announces Closing of $12 Million Public Offering

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Velo3D, a leading additive manufacturing technology company, closed a $12 million public offering of common stock and warrants, with gross proceeds of approximately $12 million. The offering included 34,285,715 shares of common stock at $0.35 per share, with warrants to purchase up to the same number of shares. The warrants are exercisable at $0.35 per share and expire five years after issuance. A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.
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Nancy Krystal Joins Velo3D as Vice President, General Counsel

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Velo3D, Inc. (NYSE: VLD) appoints Nancy Krystal as Vice President, General Counsel, bringing over 16 years of corporate law experience to oversee legal matters. Nancy's expertise includes regulatory compliance, M&A, corporate governance, and strategic deal-making. Her track record includes leading multi-billion-dollar transactions and compliance programs. The appointment aligns with Velo3D's growth phase, enhancing legal foundation and operational integrity.
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Velo3D Announces Pricing of $12 Million Public Offering

Rhea-AI Summary
Velo3D, Inc. (NYSE: VLD) announces a public offering of common stock and warrants, raising approximately $12 million. The offering includes 34,285,715 shares of common stock and warrants to purchase up to the same number of shares. The securities were sold at $0.35 per share to institutional investors. The warrants are exercisable at the same price and expire in five years.
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Velo3D Announces Proposed Public Offering

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Velo3D, Inc. (NYSE: VLD) announces a public offering of common stock and warrants to fund working capital and repay debts. The offering is subject to market conditions and aims to support general corporate purposes.
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Velo3D Announces Bookings Totaling $27 Million Since Mid-December – Backlog Now Totals $23 Million

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Velo3D, Inc. (NYSE: VLD) announces acquisition of 2 Sapphire XC systems by Mears Machine for defense and aerospace industries, with total purchase orders reaching $27 million. The company ended Q1 2024 with $17 million in bookings and a backlog of $23 million. Preliminary estimates for Q1 2024 indicate revenue of $6 to $11 million, gross margin ranging from (25)% to 10%, and operating expenses of $13 to $18 million.
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Velo3D Announces Fourth Quarter and Fiscal Year 2023 Financial Results

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Velo3D, Inc. (NYSE: VLD) reported positive financial results for Q4 and fiscal year 2023, focusing on strategic realignment priorities. The company achieved $15 million in bookings since mid-December 2023, reduced operating expenses by over 15%, and expects further reductions in non-GAAP operating expenses. They added 12 new customers in 2023, including 3 defense customers, and improved free cash flow by 35% year over year. Velo3D aims to achieve cash flow breakeven in the second half of FY 2024.
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Velo3D to Announce Fourth-Quarter and Fiscal Year 2023 Results on March 26, 2024

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Velo3D, Inc. (NYSE: VLD) will release its Q4 and fiscal year 2023 financial results on March 26, 2024. An earnings conference call will follow to discuss the results.
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Bechtel Plant Machinery Inc. Selects Velo3D's Metal Additive Manufacturing Solution To Revolutionize the Supply Chain for the U.S. Navy

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Velo3D (NYSE: VLD) partners with Bechtel Plant Machinery Inc. to provide a metal additive manufacturing solution for the U.S. Naval Nuclear Propulsion Program. The new facility in Florida will use Velo3D's Sapphire XC large format printer to produce parts, reducing lead times and streamlining the supply chain. Velo3D's technology allows for complex geometries without support structures, enhancing part design capabilities. The partnership aims to enhance the Navy's maintenance and operational capabilities by utilizing additive manufacturing for efficient part production.
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Velo3D Unlocks Freedom in Metal 3D Printing With Flow Developer

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Velo3D, Inc. (NYSE: VLD) launches Developer, a new offering in its Flow print preparation software, granting users full transparency and control of parameters in 3D printing. The product enables migration of additive manufacturing projects to Velo3D's integrated solution, optimizing process efficiency and scalability. Early adopters like Ursa Major have achieved significant time savings and quality improvements with Developer.
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FAQ

What is the current stock price of Velo3D (VLD)?

The current stock price of Velo3D (VLD) is $1.28 as of September 10, 2024.

What is the market cap of Velo3D (VLD)?

The market cap of Velo3D (VLD) is approximately 11.0M.

What does Velo3D, Inc. specialize in?

Velo3D, Inc. specializes in advanced metal additive manufacturing, providing comprehensive solutions for producing high-value metal parts.

What are the core components of Velo3D's manufacturing solution?

The core components are Velo3D Flow intelligent print preparation software, the Sapphire production system, and Velo3D Assure real-time quality assurance software.

What industries does Velo3D serve?

Velo3D serves various industries, including aerospace, automotive, and industrial sectors.

What sets Velo3D apart from other 3D printing companies?

Velo3D's proprietary algorithms, software in computational geometry, machine vision, and its expertise in lasers, optics, and automation set it apart.

Is Velo3D a consumer-grade 3D printing company?

No, Velo3D focuses on metal additive manufacturing for high-value industrial applications, not consumer-grade 3D printing.

How is Velo3D financially positioned?

Velo3D is well-funded, allowing for continuous research and development to maintain its industry leadership.

What recent achievements has Velo3D accomplished?

Recent achievements include partnerships with leading aerospace, automotive, and industrial companies to create previously impossible parts.

What is the projected growth of the metal additive manufacturing industry?

The industry is experiencing growth rates approaching 90% and is expected to be worth over $10 billion by 2020.

How can one stay updated on Velo3D's latest news and developments?

Visit Velo3D's official news section for the latest updates, performance metrics, and developments.

Is Velo3D hiring?

Yes, Velo3D is actively seeking talented individuals to join their mission in advancing metal additive manufacturing.
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Velo3D, Inc.

NYSE:VLD

VLD Rankings

#5622 Ranked by Market Cap
N/A Ranked by Dividends

VLD Stock Data

11.04M
8.61M
0.8%
3.28%
6.31%
Computer Hardware
Special Industry Machinery, Nec
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United States of America
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