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Velo3D (VLDX)
OTHER OTC:VLDX
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Velo3D
(OTC:VLDX)
Rating:38Underperform
Price Target:―
Velo3D (VLDX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$98.31M
Dividend YieldN/A
Average Volume (3M)159.03K
Price to Earnings (P/E)―
Beta (1Y)-4.23
Revenue Growth-53.99%
EPS Growth21.39%
CountryUS
Employees237
SectorTechnology
Sector Strength88
IndustryHardware & Equipment
Share Statistics
EPS (TTM)-0.13
Shares Outstanding211,009,810
10 Day Avg. Volume104,173
30 Day Avg. Volume159,034
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Velo3D Business Overview & Revenue Model
Company DescriptionVelo3D offers metal 3D printing (or additive manufacturing) technology services. Its 3D printers are used to manufacture the components for jet engines, space rockets, fuel delivery systems, and other high-value metal parts. Velo3D also provides support services for an incremental fee.
How the Company Makes MoneyVelo3D makes money primarily through the sale of its 3D metal printing systems, which include hardware and proprietary software solutions. The company generates revenue from the initial sale of its printers and ongoing software licenses and maintenance services. Additionally, Velo3D offers consumables such as metal powders and spare parts as part of its ecosystem, providing a recurring revenue stream. The company may also engage in strategic partnerships and collaborations with key industry players to enhance its market presence and drive sales growth. Additionally, Velo3D's revenue is influenced by its ability to penetrate industries requiring high-performance metal parts and by expanding its customer base through innovative product offerings.
Velo3D Earnings Call Summary
Earnings Call Date:May 13, 2025
(Q1-2025)
| % Change Since: -25.81%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a company in a transformative growth phase with positive developments such as the launch of RPS, improved financial discipline, and a clear path to profitability. Despite challenges like a slight revenue decline and ongoing net losses, the strategic initiatives in place suggest a cautiously optimistic future.Q1-2025 Updates
Positive Updates
Positive Gross Margin Achieved
Velo3D reported a positive gross margin of 7.5% in Q1 2025, reflecting improvements in cost optimization and pricing strategies, a significant turnaround from a negative gross margin in the prior year.
RPS Launch and Customer Contracts
The successful launch of Rapid Production Services (RPS) was marked by strong customer response and multiple new customer agreements, including a five-year $15 million master service agreement with Momentus, highlighting the strategic growth potential of RPS.
Revenue Visibility and Backlog
Velo3D ended the first quarter with a firm backlog of $18 million, reflecting committed orders that enhance revenue visibility and future growth prospects.
Improved Financial Position
The company strengthened its financial position by reducing debt, securing $15 million in bridge financing, and removing nearly all senior debt and warrant liabilities, which substantially lowered interest expenses.
Path to Profitability
Velo3D outlined a clear path to EBITDA profitability by the first half of 2026, driven by revenue growth, improved average selling prices, and operational efficiencies.
Negative Updates
Revenue Decline
First quarter revenue was $9.3 million, a decrease of 4.8% compared to the same quarter in the previous year, driven by a modest decrease in system sales as the company focuses on high-value customers.
GAAP Net Loss
Velo3D reported a GAAP net loss for the quarter of $25.4 million, indicating ongoing financial challenges despite improvements in other areas.
Low Cash Reserves
As of March 31, 2025, the company had cash and cash equivalents of $3.9 million, which may be considered low given the scale of operations and future investment needs.
Company Guidance
During the Velo3D First Quarter 2025 Conference Call, the company provided several key metrics regarding their financial performance and strategic direction. The first quarter revenue was reported at $9.3 million, representing a 4.8% decrease compared to the previous year, primarily due to a strategic focus on high-value customers. Gross margin improved significantly to 7.5% from a negative figure in the prior year, driven by higher absorption of fixed costs and the contribution of Rapid Production Solutions (RPS) to revenue. The company reported a backlog of $18 million as of March 31, 2025, indicating committed orders expected over the next 12 months. Additionally, the company reiterated its 2025 full-year guidance, projecting revenue between $50 million and $60 million, with gross margins expected to exceed 30% by year-end. Non-GAAP operating expenses were reduced to $8.8 million from $14.1 million in the previous year, reflecting cost optimization efforts. Velo3D aims for EBITDA profitability by the first half of 2026, leveraging improved average selling prices and operational efficiency.Velo3D Financial Statement Overview
Summary
Income Statement
Balance Sheet
Cash Flow
| Breakdown | Dec 2023 | Jun 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | ― | ― | ― | ― |
| Gross Profit | -26.27M | 2.98M | 843.00K | 4.96M |
| EBITDA | -116.11M | -19.83M | 13.63M | -101.34M |
| Net Income | -135.14M | -23.20M | 7.97M | -107.09M |
Balance Sheet | ||||
| Total Assets | 153.80M | 206.80M | 223.06M | 302.72M |
| Cash, Cash Equivalents and Short-Term Investments | ― | ― | ― | ― |
| Total Debt | 21.19M | 2.97M | 2.77M | 5.11M |
| Total Liabilities | 85.46M | 91.74M | 84.27M | 192.30M |
| Stockholders Equity | ― | ― | ― | ― |
Cash Flow | ||||
| Free Cash Flow | -106.68M | -59.47M | -137.78M | -66.02M |
| Operating Cash Flow | -105.64M | -58.78M | -123.96M | -56.40M |
| Investing Cash Flow | ― | ― | ― | ― |
| Financing Cash Flow | ― | ― | ― | ― |
Velo3D Technical Analysis
Negative
0.46
Price Trends
0.51
Negative
0.47
Negative
0.74
Negative
Market Momentum
>-0.01
Positive
42.71
Neutral
27.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VLDX, the sentiment is Negative. The current price of 0.46 is below the 20-day moving average (MA) of 0.52, below the 50-day MA of 0.51, and below the 200-day MA of 0.74, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.71 is Neutral, neither overbought nor oversold. The STOCH value of 27.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VLDX.
Velo3D Risk Analysis
Velo3D disclosed 63 risk factors in its most recent earnings report. Velo3D reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Velo3D Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $40.67M | ― | -18.07% | ― | -13.83% | -476.23% | |
63 Neutral | $33.22B | 5.73 | -11.55% | 1.90% | 5.54% | -20.14% | |
63 Neutral | $22.99M | 37.80 | 0.06% | ― | -14.64% | -97.84% | |
49 Neutral | $16.68M | ― | -19.92% | ― | 1.30% | 75.93% | |
48 Neutral | $24.68M | ― | -14.60% | ― | 5.77% | 29.54% | |
42 Neutral | $15.04M | ― | -327.53% | ― | -3.17% | 90.94% | |
38 Underperform | $98.31M | ― | -179.73% | ― | -53.99% | 21.39% |
* Technology Sector Average
Performance Comparison
VLDX
Velo3D
0.46
-2.65
-85.21%
BLIN
Bridgeline Digital
1.40
0.52
59.09%
OCC
Optical Cable
3.00
0.32
11.94%
TRT
Trio-Tech International
5.33
-0.93
-14.86%
UAVS
AgEagle Aerial Systems
1.08
-21.95
-95.31%
CPSH
CPS Technologies
2.73
1.06
63.47%
Velo3D Corporate Events
Executive/Board ChangesPrivate Placements and FinancingBusiness Operations and Strategy
Velo3D’s Major Restructuring and Leadership Changes
Neutral
Dec 26, 2024
Velo3D announced a significant debt-for-equity exchange transaction with Arrayed Notes Acquisition Corp., resulting in the cancellation of approximately $22.4 million in senior secured notes. This transaction significantly reduces Velo3D’s debt, with Arrayed Notes Acquisition Corp. holding 95% of the company’s common stock. Following the exchange, Arun Jeldi, CEO of Arrayed Additive Inc., will become Velo3D’s CEO, leading the company into a new growth chapter. As part of the restructuring, several board members resigned, and the board was reduced to five members, with Brad Kreger assuming the role of Chief Operating Officer.
More about Velo3D
Velo3D is a leader in scalable metal 3D printing technology, focusing on innovative solutions for industries such as space exploration, aviation, energy, and semiconductors. The company’s integrated ecosystem includes the Flow print preparation software, the Sapphire family of printers, and the Assure quality control system, enabling customers to manufacture complex, mission-critical metal parts.
YTD Price Performance: -95.83%
Average Trading Volume: 62,752
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.58M
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.