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, Inc. (NYSE: VLD), a leader in additive manufacturing technology, has announced that CFO William McCombe will present at the 25th Annual Needham Growth Conference on January 12, 2023, at 11:00 a.m. Eastern Time. The presentation will be accessible via a live webcast on the company’s Investor Relations page.
Velo3D specializes in 3D printing of metal parts, enhancing design freedom for industries such as space exploration and aviation, enabling the production of complex, mission-critical components.
Velo3D has appointed Brad Kreger as Executive Vice President of Operations to enhance production capabilities for its Sapphire family of printers. Kreger's extensive experience includes roles at Fluidigm Corporation and Thermo Fisher Scientific, focusing on improving production efficiency and quality. His leadership aims to scale operations, reduce costs, and meet growing demand in 2023. Velo3D anticipates increased production for its Sapphire XC printer, aligning with its strategy to solidify its position in the additive manufacturing sector.
Velo3D, a leader in metal additive manufacturing, announced the acquisition of two new Sapphire XC printers by Vertex Manufacturing. These printers enhance capabilities to produce complex aerospace parts, including those made from Inconel 718 and GRCop-42, a high-performance alloy. Vertex serves various industries like aerospace and medical devices, offering advanced manufacturing solutions. The investment signifies a commitment to meet growing customer demands and improve production efficiency in mission-critical parts.
Velo3D, Inc. (NYSE: VLD), a leader in additive manufacturing technology for critical metal parts, announced that CFO William McCombe will speak at the Bank of America Securities A.I. and Disruptive Technology Conference on November 10, 2022, at 10:00 a.m. Eastern Time. The presentation will be available via live webcast on Velo3D's Investor Relations page.
Velo3D offers a revolutionary 3D printing solution that enables the creation of complex metal parts, supporting industries like space exploration and aviation since its first Sapphire system delivery in 2018.
Velo3D, Inc. (NYSE: VLD) has announced plans to file a universal shelf registration statement on Form S-3 with the SEC within the next 10 days. This strategic move follows its one-year anniversary as a public company, allowing for potential future access to capital markets. The company currently has no intention to conduct an offering of securities, but the registration will provide flexibility if advantageous conditions arise. The release emphasizes that this is not an offer to sell or solicit any securities.
Velo3D, Inc. (NYSE: VLD) reported its Q3 2022 results with a 119% year-over-year revenue growth, totaling $19.1 million. Despite strong demand, a 20% increase in backlog to $66 million, and $27 million in new bookings, the company faced supply chain shortages leading to shipment delays. Consequently, 2022 revenue guidance was lowered to $75-$80 million from $89 million. The net loss for Q3 was $75.2 million. Velo3D anticipates fourth quarter revenue growth of 25-50% driven by strong bookings.
Velo3D has appointed Jessie Lockhart as Chief People Officer to enhance global workforce management amid rapid expansion. Lockhart, with over 20 years of HR experience, previously led global talent management at Lam Research. She aims to oversee talent acquisition and organizational development, ensuring Velo3D retains top talent and maintains its culture during growth. The company has seen significant workforce growth since going public, particularly in Europe and Asia-Pacific, and Lockhart's expertise is expected to facilitate further expansion.
Velo3D, Inc. (NYSE: VLD) announced it will release its third quarter 2022 financial results on November 8, 2022, after market close. An earnings conference call will be held at 2:00 p.m. PT, with a live webcast available on the company's Investor Relations page. Velo3D specializes in additive manufacturing technology for metal parts, addressing limitations of legacy methods. Its offerings, including Flow™ software and Sapphire® printers, support industries like space exploration and aviation.
Velo3D (NYSE: VLD) announced a significant acquisition by Kevton Technologies, acquiring seven Sapphire printers, marking one of the largest individual orders from a contract manufacturer. This strategic move positions Kevton as a leading supplier of additively manufactured parts, catering especially to the aerospace sector. Production is set to start in Q1 2023 at their Houston facility. The partnership highlights a strong trend towards additive manufacturing in critical industries.
Velo3D has qualified M300 tool steel for its Sapphire printers, enhancing capabilities for automotive manufacturers. This ultra-low carbon alloy offers high strength and hardness, promising improved tooling inserts and manufacturing throughput. The first printed parts will be showcased at IMTS 2022 in Chicago from Sept. 12-17. Velo3D's technology allows for complex designs with large internal cooling channels, reducing costs and increasing product durability. System deliveries are expected to commence in Q4 2022.
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