Velo3D Reports Q1 2025 Results with 30% Revenue Growth Expected
Velo3D Reports First Quarter Financial Results
In the first quarter of 2025, Velo3D, Inc. (OTCQX: VLDX) has highlighted significant advancements and financial performance metrics. The company reported a revenue of $9.3 million, marking a positive trajectory as they reaffirm expectations for substantial revenue growth throughout the year.
Key Highlights from the Quarter
Velo3D's gross margin stood at 7.5%, a significant improvement from the previous year's figures. This early growth reflects the operational efficiencies and strategic shifts the company has been implementing. The company also reported a backlog of $18 million, demonstrating a strong demand for their innovative additive manufacturing solutions.
Business Developments and Strategic Partnerships
Innovative shifts in their service offering focus on Rapid Production Services (RPS) have already shown promising results. Notably, the RPS backlog has tripled compared to year-end 2024, with new customers contributing significantly to this backlog. Over 75% of the bookings in the first quarter came from new clients, with around 50% of the demand driven by the defense sector. This shift in business focus is not only strategic but positions Velo3D as a leader in reshoring advanced manufacturing capabilities.
New Collaborations
During the quarter, Velo3D signed pivotal agreements, including a five-year, $15 million Master Services Agreement with Momentus, Inc. to enhance its RPS offerings. Furthermore, an exclusive supply agreement with Amaero Advanced Materials and Manufacturing, Inc. aims to foster the adoption of advanced manufacturing technologies, leading towards a more resilient domestic supply chain.
Financial Highlights
Velo3D's operational efficiencies are evident in their financial improvements this quarter. The improved gross margin reflects not only a more insistent focus on high-value clients but also the result of cost efficiencies in their manufacturing processes. The company's operating expenses decreased to $12.6 million, down from $18.6 million the year prior, highlighting their ongoing commitment to fiscal responsibility and operational effectiveness.
Quarterly Performance Metrics
For the first quarter of 2025, the net loss was reported at $25.4 million, compared with a loss of $28.3 million for the same period last year. In terms of per-share loss, the basic and diluted loss per share was recorded at $0.13, a notable improvement when compared to the previous year's $3.81.
Looking Ahead: 2025 Guidance
The management team at Velo3D is optimistic about their growth trajectory, projecting annual revenues between $50 million and $60 million for 2025, with expectations of achieving over 30% gross margin by the fourth quarter of this year.
Engagement with Investors
The upcoming conference call will offer further insights into the company's performance and strategies. Investors and stakeholders are invited to participate in this discussion.
About Velo3D, Inc.
Velo3D is not just a company; it's a transformative force in metal 3D printing technology. The company's additive manufacturing solutions empower industries ranging from aerospace to semiconductor, allowing for the creation of critical metal parts that were previously challenging to produce. Their integrated solutions continue to catch the eye of industry leaders, securing Velo3D's role as a pioneering force in innovation.
Frequently Asked Questions
What is Velo3D's recent revenue report for Q1 2025?
Velo3D reported revenues of $9.3 million during the first quarter of 2025.
What is the company's outlook for 2025?
The company expects revenue growth of over 30% and a gross margin improvement to over 30% by the fourth quarter.
What strategic agreements has Velo3D entered into?
Velo3D has entered a Master Services Agreement worth $15 million with Momentus and an exclusive supply agreement with Amaero.
What improvements has Velo3D seen in its financial metrics?
The company has improved its gross margin from a negative figure last year to 7.5% this quarter, showcasing operational efficiency gains.
How is Velo3D positioning itself in the market?
Velo3D is focusing on high-value clients and expanding its presence in the defense sector, which is driving significant demand for their services.
About The Author
Contact Hannah Lewis privately here. Or send an email with ATTN: Hannah Lewis as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
