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.
Velo3D, a leader in metal additive manufacturing, announced that ADDMAN, a contract manufacturer, has acquired two Sapphire XC printers. These printers will enhance production capabilities at ADDMAN's Castheon facility, particularly in the space, aviation, energy, and defense sectors. The new printers allow for parts that are 500% larger and can decrease production costs by up to 75%. ADDMAN aims to leverage this technology to maintain a competitive edge and meet growing customer demands.
Velo3D continues to innovate in additive manufacturing, recently recognized by Fast Company as one of the most innovative companies in manufacturing for 2023.
Velo3D, Inc. (NYSE: VLD), a company specializing in additive manufacturing for metal parts, has stated that its relationship with Silicon Valley Bank is minimal, with only $4 million of its cash held there. The company has credit facilities with the bank but does not plan significant drawdowns for 2023 growth. Velo3D believes the bank's closure will have little impact on its liquidity and operations, and it is taking steps to mitigate any potential effects. Velo3D has been recognized as one of Fast Company's Most Innovative Companies for 2023.
Velo3D, a leader in metal additive manufacturing, has announced its 2023 roadshow, 'Proof is in the Printing Additive Manufacturing Tour,' visiting eight U.S. cities. This initiative aims to demonstrate the scalability and consistency of metal additive manufacturing across different machines, addressing skepticism in the industry. The events will provide engineers with insights into qualifying parts for production and optimizing manufacturing processes. Tour locations include Phoenix, Denver, Houston, and others, with a goal of fostering collaboration and networking among engineers. Future events in Europe and Asia are also planned.
Velo3D, Inc. (NYSE: VLD) announced its financial results for Q4 and FY 2022, highlighting a strong performance with Q4 revenue of $29.8 million, a 56% increase sequentially, and FY 2022 revenue reaching $80.8 million, up 194% year-over-year. The company shipped a record number of Sapphire XC systems and expanded its customer base by over 50%. Velo3D expects revenue growth of over 50% in FY 2023, supported by a backlog of $43 million. Key initiatives for 2023 include improving gross margins and reducing operating expenses by 20% by year-end. Despite achieving $22.6 million in net income for Q4, the non-GAAP net loss was $16.4 million.
Velo3D (NYSE: VLD) announced the release of Flow 5.0, enhancing its print preparation software with user-selectable core parameters, pre-print error analysis, and faster build time calculations. The new features give engineers improved control over material properties, enabling tailored designs for specific applications. Flow 5.0 also includes error-checking capabilities to minimize build failures and allows for unique labeling of parts. This release is part of Velo3D’s integrated manufacturing solution, supporting industries such as space, aviation, and energy.
Velo3D, Inc. (NYSE: VLD) announced it will release its fourth quarter 2022 financial results on March 2, 2023, after market close. A conference call will follow at 2:00 p.m. PT to discuss the results.
The U.S. dial-in is (877) 704-2771, with international calls to (201) 689-8732. The live webcast can be accessed via the investor relations section at ir.velo3d.com, which will also host the press release and presentation prior to the call.
Velo3D specializes in metal 3D printing technology, catering to industries like space exploration and aviation, enabling the production of complex, mission-critical metal parts.
Velo3D has announced that Visser Precision has purchased two Sapphire printers to enhance its 3D-printing capabilities for aerospace applications. The printers include the first calibrated for Haynes 214, a nickel-based superalloy known for its oxidation resistance, and another for Inconel 718, favored for its strength and corrosion resistance. This partnership aims to support demand from aerospace clients, particularly for rocket engine components. The printers will allow Visser Precision to leverage Velo3D's advanced additive manufacturing technology, promising improvements in the production of complex parts for mission-critical applications.
Velo3D, Inc. (NYSE: VLD) reported preliminary fourth quarter and fiscal year 2022 results, with revenue expected to be between
Velo3D has appointed Dr. Robin Stamp as Director of Solutions Engineering, focusing on expanding the adoption of its metal additive manufacturing technology across new industries. Dr. Stamp, a former SpaceX engineer, will develop new standards and qualify new metal alloys for Velo3D's Sapphire printers. His extensive experience in additive manufacturing, including work with medical technology at Stryker, is expected to enhance customer collaboration and drive innovation within the company. This strategic hire aims to improve customer capabilities and ensure long-term success.
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