VLD | Jotup

Velo3D Announces Bookings Totaling $27 Million Since Mid-December – Backlog Now Totals $23 Million

Retrieved on:

Thursday, April 4, 2024

Machine Tools, Metalworking & Metallurgy, Technology, Other Technology, Manufacturing, Other Manufacturing, Hardware, VLD, Bank statement, Sapphire, Defense, 3D

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.

Key Points:

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.

Velo3D to Announce Fourth-Quarter and Fiscal Year 2023 Results on March 26, 2024

Retrieved on:

Tuesday, March 12, 2024

Machine Tools, Metalworking & Metallurgy, Manufacturing, VLD

Velo3D, Inc. (NYSE: VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its fourth quarter and fiscal year 2023 financial results after the market close on Tuesday, March 26, 2024.

Key Points:

Velo3D, Inc. (NYSE: VLD) — a leading additive manufacturing technology company for mission-critical metal parts, announced today that it will release its fourth quarter and fiscal year 2023 financial results after the market close on Tuesday, March 26, 2024.
The company will host an earnings conference call and webcast to discuss its financial results at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time the same day.
The U.S. dial-in for the call is (877) 704-2771 and (201) 689-8732 for non-U.S. callers.
Please ask to be joined to the Velo3D call.

Bechtel Plant Machinery Inc. Selects Velo3D's Metal Additive Manufacturing Solution To Revolutionize the Supply Chain for the U.S. Navy

Retrieved on:

Thursday, March 7, 2024

Velo3D , Inc. ( NYSE: VLD ), today announced Bechtel Plant Machinery Inc. (BPMI) has selected a fully integrated metal additive manufacturing solution from the company to produce parts for the U.S.

Key Points:

Velo3D , Inc. ( NYSE: VLD ), today announced Bechtel Plant Machinery Inc. (BPMI) has selected a fully integrated metal additive manufacturing solution from the company to produce parts for the U.S.
Earlier this year, BPMI awarded a contract to ATI to support development of highly engineered part solutions for advanced manufacturing methods including metal additive manufacturing.
The partners will use the printer to produce parts previously produced through casting, reducing lead times for mission critical parts, and streamlining their supply chain.
Additive manufacturing accomplishes this by enabling distributed supply chains and digital inventories where manufacturers can produce parts within spec across any similar printer calibrated for the same metal alloy.

Velo3D Unlocks Freedom in Metal 3D Printing With Flow Developer

Retrieved on:

Wednesday, February 28, 2024

Software, Other Manufacturing, Hardware, Machinery, Machine Tools, Metalworking & Metallurgy, Engineering, Technology, Manufacturing, Ursa Major, Multimedia, Prior, 3D, VLD, Feedback, 3D printing, Knowledge

Velo3D , Inc. ( NYSE: VLD ), a leading additive manufacturing technology company for mission-critical metal parts, today announced the release of Developer , a new offering made available in the company’s Flow print preparation software that unlocks full transparency and control of the parameters used in the 3D printing process.

Key Points:

Velo3D , Inc. ( NYSE: VLD ), a leading additive manufacturing technology company for mission-critical metal parts, today announced the release of Developer , a new offering made available in the company’s Flow print preparation software that unlocks full transparency and control of the parameters used in the 3D printing process.
View the full release here: https://www.businesswire.com/news/home/20240228041656/en/
A computer screen showing a user creating parameter sets for a heat exchanger with Flow Developer.
Developer grants editor-level access to print parameters, giving companies maximum flexibility and control when working with their Velo3D additive manufacturing solution.
Visit the Flow Developer page on the Velo3D website to download the product brief or learn more about the product.

Velo3D Announces Key Strategic Priorities for Growth in 2024

Retrieved on:

Thursday, January 25, 2024

Hardware, Manufacturing, Other Manufacturing, Technology, Machine Tools, Metalworking & Metallurgy, Customer service, Growth, Battlecross, Quality, VLD, 3D printing

Velo3D , Inc. ( NYSE: VLD ), a leading additive manufacturing technology company for mission-critical metal parts, today announced four key strategic priorities for growth in 2024 and beyond.

Key Points:

Velo3D , Inc. ( NYSE: VLD ), a leading additive manufacturing technology company for mission-critical metal parts, today announced four key strategic priorities for growth in 2024 and beyond.
Velo3D’s research and development priorities have been refocused on customer success and machine throughput, with innovations that the company expects will greatly increase customer available print time.
Increase revenue visibly through bookings growth: The Velo3D Sales team has secured approximately $12 million in new order bookings since mid-December, including more than 50% of bookings tied to key strategic accounts, which the company believes demonstrates increased customer satisfaction and confidence in its technology.
These four initiatives will be the foundation for Velo3D’s 5-year growth plan to support innovation and its customers’ growing demand for additive manufacturing solutions.

Velo3D to Present at the 26th Annual Needham Growth Conference

Retrieved on:

Tuesday, January 16, 2024

Hardware, Other Defense, Semiconductor, Aerospace, Energy, Manufacturing, Technology, Defense, Other Technology, Other Manufacturing, Machinery, Software, Machine Tools, Metalworking & Metallurgy, Other Energy, Engineering, Conference, VLD

Velo3D , Inc. ( NYSE: VLD ), a leading additive manufacturing technology company for mission-critical metal parts, announced today that Bob Okunski, Vice President of Investor Relations, will speak at the 26th Annual Needham Growth Conference on January 18, 2024 at 3:00 p.m. Eastern Time / 12:00 p.m. Pacific Time.

Key Points:

Velo3D , Inc. ( NYSE: VLD ), a leading additive manufacturing technology company for mission-critical metal parts, announced today that Bob Okunski, Vice President of Investor Relations, will speak at the 26th Annual Needham Growth Conference on January 18, 2024 at 3:00 p.m. Eastern Time / 12:00 p.m. Pacific Time.

Kratos Defense & Security Solutions to Leverage the Most Advanced Metal Additive Manufacturing Solution Available With the Purchase of a Velo3D Sapphire Printer

Retrieved on:

Tuesday, January 16, 2024

Technology, Contracts, Engineering, Software, Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Hardware, Electronic Design Automation, Defense, Sapphire, VLD, SIPRNet, CAMM, Certification, Organization, EVP, 3D printing

“It’s important to our team to leverage new, advanced manufacturing technologies so we can maintain our leadership in the defense industry and better serve our customers,” said Michael Johns, Kratos SRE Senior Vice President .

Key Points:

“It’s important to our team to leverage new, advanced manufacturing technologies so we can maintain our leadership in the defense industry and better serve our customers,” said Michael Johns, Kratos SRE Senior Vice President .
“With Velo3D’s solution, we expect to be able to further unlock high-speed manufacturing capabilities that reduce lead times and lower costs of the parts we develop.
Velo3D and Kratos SRE will be attending the Military Additive Manufacturing Summit & Technology Showcase in Tampa, Florida on January 16-17, 2024.
Event attendees can stop by the Velo3D booth, #101, to meet the Kratos SRE and Velo3D teams, learn more about Velo3D’s fully integrated metal additive manufacturing solution, and see and handle 3D printed parts.

Velo3D, Inc. Receives Continued Listing Standards Notice from the NYSE

Retrieved on:

Wednesday, January 3, 2024

Software, Hardware, Electronic Design Automation, Machinery, Machine Tools, Metalworking & Metallurgy, Engineering, Technology, Manufacturing, VLD, Calendar

The notice does not result in the immediate delisting of the Company’s common stock from the NYSE.

Key Points:

The notice does not result in the immediate delisting of the Company’s common stock from the NYSE.
The Company intends to notify the NYSE within 10 business days of its intent to regain compliance with Rule 802.01C.
The Company fully intends to remain listed on the NYSE, and will consider the best available alternatives, including, but not limited to, a reverse stock split, subject to stockholder approval, if necessary to regain compliance.
The Company’s common stock will continue to be listed on the NYSE during the six-month cure period, subject to the Company’s compliance with other NYSE continued listing requirements.

Velo3D, Inc. Announces $18 Million Registered Direct Offering

Retrieved on:

Thursday, December 28, 2023

Machine Tools, Metalworking & Metallurgy, Chemicals, Plastics, Automotive Manufacturing, Aerospace, Manufacturing, Machinery, Telephone, Sale, Form, VLD, Note, Public expenditure, S-3, Prospectus, Madison Avenue, Security (finance)

Gross proceeds to the Company are expected to be approximately $18 million, before deducting placement agent fees and other estimated offering expenses.

Key Points:

Gross proceeds to the Company are expected to be approximately $18 million, before deducting placement agent fees and other estimated offering expenses.
The Company intends to use the net proceeds from the offering for working capital, capital expenditures and general corporate purposes.
The closing of the offering is expected to occur on or about December 29, 2023, subject to the satisfaction of customary closing conditions.
The offering is being made only by means of a written prospectus and accompanying prospectus supplement, forming a part of the effective registration statement.

Velo3D, Inc. Enters Debt Amendment Agreement with Existing Note Holder

Retrieved on:

Thursday, December 28, 2023

Machine Tools, Metalworking & Metallurgy, Chemicals, Plastics, Technology, Manufacturing, Other Technology, Other Manufacturing, Machinery, VLD, Note, Cash, Security (finance)

Velo3D , Inc. ( NYSE: VLD ) (the “Company” or “Velo3D”), a leading metal additive manufacturing technology company for mission-critical parts, today announced it has entered into a note amendment (the “Note Amendment”) to the Company’s senior secured notes due 2026 (the “Secured Notes”) with the note holders.

Key Points:

Velo3D , Inc. ( NYSE: VLD ) (the “Company” or “Velo3D”), a leading metal additive manufacturing technology company for mission-critical parts, today announced it has entered into a note amendment (the “Note Amendment”) to the Company’s senior secured notes due 2026 (the “Secured Notes”) with the note holders.
The Note Amendment was entered into concurrently with the Company’s recently announced registered direct equity offering.
The Company expects to make the Cash Payment from its existing available cash on or about December 29, 2023.
Additionally, we have improved our liquidity and strengthened our balance sheet with the support of the secured note holders, who have agreed to amend certain terms of the existing debt, including the schedule of our debt payments.