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 (NYSE: VLD) announced that Hermeus, a company focused on hypersonic aircraft, has acquired two advanced 3D printers for manufacturing engine parts. The Sapphire and Sapphire XC printers will produce components for the Chimera engine and Quarterhorse aircraft.
This collaboration aims to enhance performance, reduce weight, and streamline production. Hermeus has raised over $130 million and is backed by the U.S. Air Force and NASA, making it a significant player in aviation innovation.
Velo3D, Inc. (NYSE: VLD) reported a remarkable 60% revenue increase in Q2 2022, reaching $19.6 million, which is over a 160% year-over-year growth. The company reiterated its FY2022 revenue guidance of $89 million, backed by strong demand and a $55 million backlog. The launch of the Sapphire XC 1MZ system is expected to drive further growth. Despite challenges in gross margins and supply chain issues, Velo3D maintains a strong balance sheet with $142 million in cash.
Velo3D has announced that StarHagen has joined its Contract Manufacturer Network by acquiring a Sapphire printer for additive manufacturing. This printer is capable of producing parts using Inconel 625, a high-strength nickel-based superalloy ideal for aerospace applications. StarHagen aims to enhance its production capabilities, leveraging Velo3D’s technology known for minimal support usage and precision. The partnership underscores Velo3D's growing influence in the aerospace sector, particularly in North Carolina, where StarHagen operates.
Velo3D, a leader in metal additive manufacturing, has partnered with Hartech Group to provide advanced manufacturing technology to the Department of Defense and other federal agencies. Hartech will serve as a preferred distributor, facilitating simplified procurement for Velo3D's Sapphire printers through comprehensive project execution. This collaboration aims to enhance the federal government's ability to adopt cutting-edge additive manufacturing solutions, addressing complex requirements efficiently. Velo3D's technology promises improved supply chain management and design capabilities.
Velo3D, Inc. (NYSE: VLD) announced it will release its Q2 2022 financial results after market close on August 9, 2022. An earnings conference call will be held at 2:00 PM PT the same day. Interested parties can join via U.S. dial-in numbers or access a live webcast on the company's Investor Relations page. Velo3D specializes in additive manufacturing technology, providing solutions for sectors like space exploration and energy. The company has been noted for its innovation in metal 3D printing since launching its first printer in 2018.
Velo3D has announced that Pratt & Whitney, part of Raytheon Technologies, has acquired its Sapphire XC printer to manufacture jet engine components. This marks the printer's debut in Pratt & Whitney's operations, expanding its use of metal additive manufacturing. The innovative printing technology aims to enhance part consolidation and efficiency in aviation. The Sapphire XC printer is designed for high-performance materials, including Inconel 718. Velo3D's comprehensive solution includes printing and quality assurance software, promoting advanced additive manufacturing capabilities.
Velo3D announced that Knust-Godwin has acquired a Sapphire XC printer to enhance its metal additive manufacturing capabilities. This addition allows for larger parts to be printed at lower costs, with potential savings of up to 75% on production costs and an increase in part volume by 500%.
Knust-Godwin is the first contract manufacturer to receive the Sapphire XC, significantly expanding its production capabilities in the aerospace and defense sectors, among others. This acquisition is expected to boost operational efficiencies and customer service.
Velo3D, a leader in metal additive manufacturing, has launched its European Technology Center in Augsburg, Germany. This facility will serve as the company's European headquarters, featuring a Sapphire printer, demo center, and offices dedicated to customer training and support. The center spans over 110 square meters and aims to enhance Velo3D's regional presence and operations. The opening marks a significant step in Velo3D's growth, having experienced substantial success since delivering its first printer three years ago.
Velo3D, a leader in metal additive manufacturing, announced the launch of the Sapphire XC 1MZ, its latest printer capable of producing parts up to one meter high. This new system features a build volume twice that of its predecessor and incorporates innovative features such as eight 1-kilowatt lasers and increased throughput by up to 400%. The initial units are set to be delivered to aerospace companies in late Q3 2022. This advancement aims to meet growing demands in industries like aerospace, energy, and defense.
Velo3D, Inc. (NYSE: VLD), a leader in additive manufacturing technology, announced its senior management's participation in two investor conferences. CEO Benny Buller will present at the 42nd Annual William Blair Growth Stock Conference on June 6, 2022, at 1:40 p.m. ET. CFO Bill McCombe will speak at the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, at 1:15 p.m. ET. Interested parties can access live webcasts and replays on the company's Investor Relations website.
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