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, Inc. (NYSE: VLD) reported Q1 2022 revenue of $12.2 million, a 17% sequential increase and over 900% year-over-year. The company's backlog reached a record $55 million, reflecting an 80% increase YoY. Velo3D maintains its FY2022 revenue guidance of $89 million, with over 75% of this amount already recognized or booked. The company initiated volume production of its Sapphire XC system and ended the quarter with $186 million in cash. Despite increasing operating expenses, the company expressed confidence in growth and market expansion plans, particularly in Europe.
Velo3D has qualified the GRCop-42 alloy, developed by NASA, for use in its Sapphire 3D printers. This alloy delivers the conductivity of copper with high strength, ideal for aerospace applications like rocket engine combustion chambers. The first demo parts will be showcased at the RAPID + TCT event in Detroit from May 17-19. The new material will allow customers to manufacture mission-critical parts with improved oxidation resistance and higher temperatures, supporting a broader range of applications in the aerospace industry and enhancing additive manufacturing capabilities.
Velo3D has announced its Seeing is Believing Additive Manufacturing Tour for 2022, visiting seven cities across Germany, France, Italy, and the UK. This roadshow aims to demonstrate how additive manufacturing can enhance innovation in various critical sectors like space, aviation, oil & gas, and energy. Previous events successfully connected innovators, showcasing Velo3D's end-to-end solution, which offers unparalleled part quality and complex geometries. Future dates for events in Milan, Birmingham, and Munich will be revealed soon.
Velo3D, a leader in additive manufacturing for metal parts, will release its Q1 2022 financial results on May 10, 2022, after market close. The company will hold a conference call at 2:00 PM PT to discuss these results, accessible via the Investor Relations section of its website. Velo3D has developed technology to overcome the limitations of traditional metal additive manufacturing, allowing for the production of complex parts in industries like space exploration and aviation. They aim to innovate the manufacturing of mission-critical components.
Velo3D (NYSE: VLD) has launched its Laser Focused Podcast today, set to release episodes bi-weekly. The podcast features notable interviews with industry innovators in 3D printing and mechanical engineering, discussing challenges and inspirations. Renette Youssef, CMO of Velo3D, hosts the series, which aims to inspire future innovators. The first season includes 12 episodes featuring guests from diverse sectors including aviation and automotive.
Velo3D specializes in advanced metal additive manufacturing technology, providing solutions for mission-critical parts in various industries.
Velo3D announced the launch of Flow 3.0 print preparation software, enhancing the manufacturing capabilities of its Sapphire XC printer. The new version allows for larger model production, up to 400% bigger than previous models, and optimizes laser usage for increased productivity by up to 5x. Flow 3.0 simplifies design processes, enabling users to upload standard CAD files, eliminating the need for specialized design for additive manufacturing. Initial customer feedback has been positive, reflecting the innovative advancements in Velo3D's technology.
Velo3D (NYSE: VLD) reported impressive financial results for Q4 and FY2021, exceeding revenue forecasts with Q4 revenue of $10.4 million, marking a 20% increase from Q3. FY2021 revenue rose 45% to $27 million, primarily driven by Sapphire system sales. The company shipped 8 systems in Q4, including its first Sapphire XC system, achieving a total of 23 systems shipped for 2021, a 77% increase year-over-year. Velo3D reiterates its FY2022 revenue guidance of $89 million, supported by a strong backlog of orders and continued demand for its technology.
Velo3D has appointed General Ellen Pawlikowski to its board of directors, effective March 15, 2022. With over 40 years of experience in the aviation and defense industries, her leadership aims to enhance the adoption of Velo3D's additive manufacturing technology. Additionally, the board will reduce from 12 to 9 members following the resignation of four early investors after the company's successful public listing on the New York Stock Exchange. Pawlikowski's expertise is expected to support the company's growth in critical industries.
Velo3D announces its 2022 'Seeing is Believing Additive Manufacturing Tour,' visiting 15 U.S. cities to showcase the capabilities of its metal additive manufacturing technology. The roadshow aims to educate engineers and decision-makers on how Velo3D's end-to-end solutions can transform businesses and increase design freedom. The tour begins on January 20, 2022, in Ohio, and continues with events in cities like Long Beach, Detroit, and Pittsburgh. Attendees will interact with real parts and hear from experts on the technology's applications.
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