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.
Overview
Velo3D, Inc. is an advanced technology company that is redefining the landscape of metal additive manufacturing. By integrating cutting-edge technology with deep expertise in computational geometry, machine vision, modeling, control, and graphics, the company delivers innovative solutions that enable the production of complex metal components. Unlike traditional consumer-grade 3D printing, Velo3D targets the industrial segment with high-precision manufacturing systems designed to solve challenges that conventional methods cannot address.
Technological Innovation and Expertise
The company leverages a sophisticated combination of hardware and software technologies. Its systems are built upon reliable, high-performance lasers, precise optics, and automated processes that work in tandem with advanced algorithms. This integration is pivotal in achieving superior accuracy and consistency in metal part production. The technology not only improves production efficiency but also provides a robust platform that is adaptable for various high-value industrial applications.
Core Business Model and Operational Excellence
Velo3D’s operational framework is founded on the principle of 'building the impossible.' The company offers a comprehensive ecosystem that includes both cutting-edge manufacturing hardware and the specialized software required to control and optimize the production process. Revenue generation is largely derived from the sale of these advanced manufacturing systems along with associated support services. Velo3D has positioned itself in a rapidly growing market where the demand for high-quality metal additive manufacturing solutions is increasing dramatically. The company’s business model is characterized by its deep integration of R&D, state-of-the-art production capabilities, and a commitment to innovation.
Market Position and Industry Dynamics
Within the dynamic field of industrial manufacturing, Velo3D differentiates itself through its unwavering focus on quality and precision. The metal additive manufacturing segment has seen exponential growth due to the increasing need for lightweight, durable, and customized components in industries like aerospace, automotive, and defense. Velo3D is perfectly poised in this niche, as its technology addresses critical requirements of efficiency, accuracy, and scalability. The company’s systems support complex geometries that are intractable with traditional manufacturing methods, thereby offering a definitive solution for intricate industrial applications.
Competitive Landscape and Differentiators
Velo3D competes in an ecosystem that includes several innovative players, yet it distinguishes itself through a unique convergence of software intelligence and hardware precision. The company’s emphasis on advanced control systems and its proprietary approach to algorithm development makes its systems considerably robust. This strategic emphasis on technological integration is pivotal in addressing challenges such as maintaining dimensional accuracy and consistency in additive manufacturing. Moreover, Velo3D’s commitment to continuous improvement and its robust approach to intellectual property have cemented its reputation among industrial customers seeking reliable and innovative manufacturing solutions.
Industry-Specific Applications and Value Proposition
The advanced manufacturing processes developed by Velo3D are designed to cater to a variety of industrial needs. By delivering high-fidelity metal parts, the company adds value in sectors that require components with complex geometries and high structural integrity. Applications range from critical aerospace components to sophisticated automotive parts, where the demand for precision and performance is unmatched. The company provides detailed insights into how its technologies integrate with existing manufacturing processes, ensuring a seamless transition toward next-generation production methodologies.
Expertise, Innovation, and Trust
Velo3D’s strength lies in its unwavering commitment to technological innovation and operational precision. Emphasizing data-driven decision-making, the company has built a reputation that reflects deep expertise in additive manufacturing and a clear understanding of industrial requirements. Its systems are not only technologically advanced but also supported by a team of experts dedicated to refining the manufacturing process. In doing so, Velo3D has established a trustworthy position in the industrial sector, where the demand for reliability and cutting-edge technology is paramount.
Summary
In summary, Velo3D, Inc. operates at the intersection of advanced manufacturing and innovative software solutions. With a focus on developing breakthrough metal additive manufacturing systems, it addresses the pressing needs of industries that demand precision, efficiency, and scalability. By integrating high-end laser and optical technologies with sophisticated control algorithms, the company stands as a critical enabler for next-generation industrial production processes. Its comprehensive suite of solutions and commitment to excellence mark Velo3D as a pivotal entity in the evolving landscape of advanced manufacturing.
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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