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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.

Rhea-AI Summary
Velo3D, Inc. announced its financial results for Q3 2023, with a revenue of $24 million, a 26% YoY increase. The company also achieved a 30% sequential improvement in free cash flow and completed a reduction in force of over 20%, expecting a quarterly opex savings of over 15%. Velo3D ended Q3 2023 with a strong liquidity position of $72 million in cash. However, the company updated its 2023 revenue guidance to $91-103 million due to delays in booking certain orders and the impact of realignment initiatives.
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Velo3D names Schoeller-Bleckmann Oilfield Technology (SBOT) as its sole contract manufacturing partner in the DACH region and for Europe's oil and gas industry. SBOT will add another Sapphire printer to its facility and expand its network to support customers' needs. Velo3D's Contract Manufacturer Network allows companies to purchase metal 3D printing services without the need for their own printer and software. SBOT's printers use Inconel 718 powder and will also produce parts in CP1, a lightweight aluminum alloy.
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Ci-Esse, a precision machining contract manufacturer, has purchased a Sapphire printer from Velo3D to become the first member of its contract manufacturer network in Italy. The printer will be used to produce metal parts for customers in aerospace, defense, motorsports, and other industries. Ci-Esse's extensive experience in precision machining and metal additive manufacturing makes them a valuable partner for Velo3D.
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Velo3D to release Q3 2023 financial results on November 6, 2023.
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Bernard Chung appointed as Acting CFO of Velo3D as William McCombe resigns
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Velo3D appoints Michelle Sidwell as EVP of Global Sales and Business Development to support growth objectives and maintain growth rate
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Velo3D launches season 2 of its Laser Focused podcast featuring conversations with innovators from various industries.
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Velo3D, Inc. (NYSE: VLD) announced a 28% year over year increase in Q223 revenue to $25 million, with 90% of bookings coming from new customers. The company also updated its 2023 revenue guidance to $105 to $115M due to delays in booking certain orders.
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Velo3D announces securities purchase agreement for $105 million in convertible notes
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Velo3D, Inc. (NYSE: VLD) will release its Q2 2023 financial results on August 10, 2023, after the market close. The company will host an earnings conference call and webcast at 1:30 p.m. PT / 4:30 p.m. ET on the same day. Dial-in for the call is (877) 704-2771 (U.S.) and (201) 689-8732 (non-U.S.). The webcast can be accessed on Velo3D's Investor Relations website.
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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
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United States of America
FREMONT