Velo3D (VLD) Misses Q1 EPS by 3c
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Velo3D Announces First Quarter 2022 Financial Results
May 10, 2022 4:12 PM EDTReiterates FY2022 Revenue Guidance of $89 Million on Q1 Execution, Record Backlog
Record revenue 17% sequential increase, >900% YoY Increasing demand reflected in record total backlog up >80% YoY to $55 million 2022 confidence Q122 revenue / backlog account for >75% of 2022 revenue guidance Manufacturing execution initiated volume production of Sapphire XC during quarter Maintained strong balance sheet exited Q122 with $186 million in cashCAMPBELL, Calif.--(BUSINESS WIRE)-- Velo3D, Inc. (NYSE: VLD), a leading additive manufacturing technology company for mission-critical metal... More
