Sector: Technology | Industry: Electronic Equipment & Parts |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2710 Lakeview Ct FREMONT CA 94538 |
Tel: | N/A |
Website: | https://www.velo3d.com |
IR: | See website |
Key People | ||
Carl Bass Independent Chairman of the board | Brad Kreger Interim Chief Executive Officer, Executive Vice President - Operations, Director | Benyamin Buller Founder, Director |
Bernard Chung Acting Chief Financial Officer | Hull Xu Chief Financial Officer | Michelle Sidwell Chief Commercial Officer |
Business Overview |
Velo3D, Inc. is a metal three-dimensional (3D) printing technology company. The Company produces a fully integrated hardware and software solution based on its laser powder bed fusion (L-PBF) technology. Its technology enables the production of complex, mission-critical parts that existing additive manufacturing (AM) solutions cannot produce without the need for redesign or additional assembly. Its Sapphire family of systems (3D Printers) give its customers who are in space, aviation, defense, automotive, energy and industrial markets the freedom to design and produce metal parts with complex internal features. Its end-to-end solution includes the flow print preparation software, the Sapphire family of printers, and the Assure quality control system, all of which are powered by its Intelligent Fusion manufacturing process. Its customers are primarily original equipment manufacturers and contract manufacturers who look to AM to solve issues with metal parts manufacturing technologies. |
Financial Overview |
For the fiscal year ended 31 December 2023, Velo3D Inc revenues decreased 2% to $77.4M. Net loss totaled $135.1M vs. income of $8M. Revenues reflect Recurring Payment segment decrease of 51% to $1.3M, Americas (Region) segment decrease of 13% to $67.9M, Others segment decrease of 9% to $341K. Net loss reflects Gain on fair value of contingent earnout decrease of 83% to $16M (income). |