Velo3D Q2 2025 Financial Insights and Strategic Updates
Velo3D Financial Performance Overview
Velo3D, Inc. (NASDAQ: VLDX), a leading player in the additive manufacturing sector, recently revealed its financial results for the second quarter of 2025. With a reported revenue of $13.6 million, the company is positioning itself strongly in a competitive market. This growth not only highlights Velo3D's expanding market footprint but also reflects positive trends in demand for its advanced manufacturing solutions.
Key Financial Metrics
The financial report indicated a backlog worth $15.9 million as of the second quarter’s end. Fortunately, this amount increased to $17.8 million shortly after. Velo3D aims to achieve greater than 30% revenue growth for the year 2025 while also reaffirming their expectation to be EBITDA positive in the first half of 2026.
Recent Business Developments
- Substantial momentum has been noted in the Rapid Production Services (RPS) sector, with bookings soaring by 79% quarter-over-quarter.
- Over 78% of bookings in Q2 were attributed to new customers, indicating a growing interest in their innovative manufacturing solutions.
- Notably, 54% of these bookings came from the Space sector, while 33% were from Defense.
Strategic Partnerships and Collaborations
Further advancements in Velo3D's collaborative efforts emerged in the second quarter. A Cooperative Research and Development Agreement (CRADA) was signed with two Naval Air Systems Command (NAVAIR) federal laboratories, aiming to advance capabilities in metal additive manufacturing specifically for aerospace and defense sectors. This is a significant step for Velo3D, cementing their role as a thought leader in innovation within this field.
Additionally, the company secured a $4 million Master Services Agreement (MSA) with Vaya Space to enhance high-performance additive manufacturing initiatives, further demonstrating Velo3D's commitment to impactful partnerships.
CEO Insights
Arun Jeldi, CEO of Velo3D, commented on the quarter's outcomes, stating, "Our second quarter results demonstrate solid topline performance. The composition of our backlog shifted significantly towards RPS driven by strong demand from the Space and Defense sectors. This reflects our ability to adapt and respond to market needs effectively.”
He also emphasized the strategic importance of recent agreements, particularly with NAVAIR, as a testament to Velo3D's innovation-led approach. The $4 million collaboration with Vaya Space was described as pivotal, showcasing the rise of demand for high-performance production capabilities.
Looking Ahead
The management team at Velo3D expects consistent progress in subsequent quarters. They remain dedicated to realizing operational discipline and improving performance metrics as outlined in their future guidance. For 2025, the anticipated revenue range is projected between $50 million and $60 million. They also foresee positive gross margin trends, targeting over 30% margin as they transition into the fourth quarter of this year.
Summary of Q2 Financial Results
The following metrics summarize Velo3D's financial accomplishments in Q2 2025:
| Metric | Q2 2025 | Q2 2024 |
|---|---|---|
| GAAP Revenue | $13.6 million | $10.3 million |
| GAAP Gross Margin | (11.7%) | (28.0%) |
| GAAP Net Loss | ($13.8 million) | ($0.2 million) |
| Net Loss per Share - Diluted | ($0.98) | ($0.30) |
| Non-GAAP Net Loss | ($11.3 million) | ($21.7 million) |
| Adjusted EBITDA | ($8.9 million) | N/A |
Frequently Asked Questions
What is Velo3D, Inc. known for?
Velo3D, Inc. specializes in additive manufacturing technology, particularly aimed at transforming supply chains in aerospace and defense sectors through advanced metal 3D printing innovations.
How much revenue did Velo3D report for Q2 2025?
Velo3D reported a revenue of $13.6 million for the second quarter of 2025, showing significant growth compared to previous years.
What is the company's outlook for the remainder of 2025?
The company projects revenue between $50 million and $60 million for the entire year, with expectations of achieving a positive EBITDA in the first half of 2026.
What partnerships has Velo3D established recently?
Velo3D has recently signed significant agreements, including a Cooperative Research and Development Agreement with NAVAIR and a $4 million MSA with Vaya Space.
What was the net loss reported for Q2 2025?
The net loss reported for Q2 2025 was $13.8 million, an increase from the previous year, reflecting ongoing investments in growth and development.
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