Velo3d, Inc. ( (VLDXD) ) has released its Q2 earnings. Here is a breakdown of the information Velo3d, Inc. presented to its investors.
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Velo3D, Inc., a leader in additive manufacturing technology, specializes in transforming aerospace and defense supply chains with its advanced metal 3D printing solutions. The company recently announced its financial results for the second quarter of 2025, highlighting a revenue of $13.6 million and a significant increase in backlog. Velo3D reaffirmed its expectation for over 30% revenue growth in 2025 and aims to achieve EBITDA positivity in the first half of 2026.
The company’s second-quarter performance was marked by a strong momentum in its Rapid Production Services (RPS), with bookings increasing by 79% quarter over quarter. New customers accounted for more than 78% of the bookings, with significant contributions from the Space and Defense sectors. Velo3D also signed key agreements, including a $4 million Master Services Agreement with Vaya Space and a $15 million agreement with Momentus, Inc., to enhance its RPS offerings.
Financially, Velo3D reported a GAAP net loss of $13.8 million, with a gross margin of -11.7%, an improvement from the previous year’s -28.0%. The company expects further margin improvements as it continues to optimize operations and expand its RPS business. Operating expenses decreased significantly, reflecting the company’s focus on cost management and strategic realignment.
Looking ahead, Velo3D remains optimistic about its growth trajectory, with plans to continue building on its strategic initiatives and operational efficiencies. The company anticipates sequential improvements in gross margin and aims for a gross margin exceeding 30% by the fourth quarter of 2025, positioning itself as a key player in the additive manufacturing industry.