Velo3d, Inc. ( (VLDX) ) has released its Q4 earnings. Here is a breakdown of the information Velo3d, Inc. presented to its investors.
Velo3D, Inc. is a prominent player in the additive manufacturing sector, specializing in metal 3D printing technology that revolutionizes the production of high-value metal parts for industries such as aerospace and defense. The company is recognized for its innovative solutions that overcome traditional limitations in metal additive manufacturing.
In its latest earnings report, Velo3D announced significant strategic shifts and financial results for the fourth quarter and fiscal year 2024. The company has introduced a new go-to-market strategy aimed at accelerating its path to profitability, alongside a strategic acquisition by Arrayed Notes Acquisition Corp. that has strengthened its financial position.
Key financial highlights from the report include a fourth-quarter revenue of $13 million and a backlog of $16 million. Operating expenses have decreased by 25% year-over-year, and the company forecasts a revenue growth of over 30% in 2025. Velo3D has also launched its Rapid Production Solutions (RPS) business, which is expected to contribute significantly to its revenue by 2026.
Looking ahead, Velo3D is optimistic about its future performance, with expectations to achieve EBITDA positivity in the first half of 2026. The company is focused on leveraging its strengthened market position and strategic initiatives to drive growth and profitability in the coming years.