Velo3D Announces Bookings Totaling $27 Million Since Mid-December – Backlog Now Totals $23 Million
Velo3D , Inc. ( NYSE: VLD ), a leading additive manufacturing technology company for mission-critical metal parts, today announced it has received purchase orders totaling $27 million since mid-December 2023.
- Velo3D , Inc. ( NYSE: VLD ), a leading additive manufacturing technology company for mission-critical metal parts, today announced it has received purchase orders totaling $27 million since mid-December 2023.
- The company ended the first quarter of 2024 with bookings of $17 million and the company’s backlog at the end of the first quarter was $23 million, with system deliveries expected to start in the second quarter of 2024.
- The company expects to start shipping these orders in the early part of the second quarter of 2024.
- Operating expenses, excluding one-time charges and stock-based compensation expense, will be in the range of $13 million to $18 million.