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.
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Velo3D, Inc. (NYSE: VLD) announces strategic priorities for growth in 2024, focusing on improving printer reliability, customer success, revenue growth, and margins. The company has seen improvements in printer installation time, system uptime, customer issue resolution time, and has secured $12 million in new order bookings. Velo3D aims to become cash flow positive in the second half of 2024 and is committed to its 'land-and-expand' strategy.
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Velo3D, Inc. (NYSE: VLD) will have its Vice President of Investor Relations, Bob Okunski, speak at the 26th Annual Needham Growth Conference on January 18, 2024. The presentation will be available via live webcast and replay on the company's Investor Relations section of their website.
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Velo3D, Inc. (NYSE: VLD) has announced that Kratos SRE, Inc., a subsidiary of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), has acquired a Velo3D Sapphire printer to support Kratos’s technology development. The state-of-the-art metal additive manufacturing solution will be used to accelerate the vertical integration of critical supply chains in certain areas of the broader Kratos organization. The Velo3D solution will enable high-speed, low-cost production of metal parts, reducing lead times and lowering costs. The companies will be attending the Military Additive Manufacturing Summit & Technology Showcase in Tampa, Florida on January 16-17, 2024.
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Velo3D, Inc. (NYSE: VLD) received a notice from the New York Stock Exchange on December 28, 2023, stating that the company is not in compliance with Rule 802.01C of the NYSE’s Listed Company Manual. The notice does not result in immediate delisting, and the company intends to notify the NYSE of its intent to regain compliance within 10 business days. Velo3D can regain compliance at any time within the six-month cure period if the common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. The company fully intends to remain listed on the NYSE and will consider alternatives, including a reverse stock split, to regain compliance.
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Velo3D, Inc. (NYSE: VLD) announced a note amendment to its senior secured notes due 2026, concurrent with a registered direct equity offering. The amendment includes a $25.0 million cash payment to repay approximately $20.8 million of aggregate principal amount of the Secured Notes, along with accrued and unpaid interest. It also removes the requirement to redeem an aggregate of $8,750,000 of principal amount of Secured Notes and the requirement to maintain a minimum of $35.0 million of unrestricted cash and cash equivalents.
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Velo3D, Inc. (NYSE: VLD) announced a securities purchase agreement for the sale of 36,000,000 shares of common stock and warrants to purchase up to an aggregate of 36,000,000 shares at an offering price of $0.50 per share. The gross proceeds are expected to be approximately $18 million, with the company intending to use the net proceeds for working capital, capital expenditures, and general corporate purposes.
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Velo3D, Inc. (NYSE: VLD) announces the stepping down of Benny Buller as CEO, with Brad Kreger appointed as Interim CEO. The company has initiated a search for a permanent CEO and is conducting a strategic business review to explore alternatives to maximize shareholder value.
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Velo3D, Inc. (NYSE: VLD) achieves U.S. Department of Defense's Green-level STIG Compliance for its Sapphire family of 3D printers, providing enhanced protection against cyberattacks. The rigorous testing process confirmed that all Velo3D printers provide the highest network, data, and software security, as well as vulnerability management, with an average score of 97% on its tests, exceeding the DoD's threshold of 90% needed to achieve Green-level STIG compliance.
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Velo3D, Inc. (NYSE: VLD) announced that Atomic Industries has purchased a fully integrated metal additive manufacturing solution, including a Sapphire printer calibrated for M300 tool steel. This strategic investment will support Atomic Industries' aerospace, automotive, and energy industry customers by providing high-quality 3D printed tooling and dies. The new Sapphire printer will operate from Atomic Industries' newly renovated facility in Detroit and will be instrumental in tackling the tooling market by qualifying M300 tooling steel with customers. Velo3D's revolutionary metal 3D printer has introduced printing capabilities that could not be achieved with conventional metal 3D printers, minimizing the need for supports and achieving repeatable, consistent results.
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Velo3D, Inc. (NYSE: VLD) Announces Valiant Products, Inc.'s Acquisition of a Sapphire XC Printer to Expand Additive Manufacturing Capabilities for Aerospace Customers
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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.
Velo3D, Inc.
NYSE:VLD
VLD Rankings
VLD Stock Data
11.04M
8.61M
0.8%
3.28%
6.31%
Computer Hardware
Special Industry Machinery, Nec
United States of America
FREMONT