Q3 2025 Velo3D Inc Earnings Call Transcript
Key Points
- Velo3D Inc (VELO) reported a 65% year-over-year revenue increase to $13.6 million, demonstrating strong market validation and growth.
- The company's backlog grew to $21 million, up from $16 million in the previous quarter, indicating strong repeat orders and long-term contracts.
- Velo3D Inc (VELO) achieved AS9100D certification for its RPS Quality Management System, enhancing its credibility in aerospace and defense sectors.
- The company successfully uplisted its common stock to the NASDAQ Capital Market, increasing its visibility and credibility with investors.
- Velo3D Inc (VELO) completed a $17.5 million public offering, strengthening its balance sheet and providing capital for RPS scaling and R&D investments.
- Gross margin for the third quarter was only 3.2%, a significant drop from 49.4% in the year-ago quarter due to the absence of a one-time license revenue.
- The company reported a GAAP net loss of $11.8 million for the quarter, although this was an improvement from the previous year's loss.
- Non-GAAP net loss for the quarter was $9.2 million, indicating ongoing financial challenges despite improvements.
- The government shutdown in October could potentially impact bookings, although the company remains optimistic about its guidance.
- Velo3D Inc (VELO) is still working through legacy backlog, which may affect operational efficiency and margins in the short term.
Greetings, and welcome to the Velo3D third quarter 2025 financial results. (Operator Instructions) Please note, this conference is being recorded.
I will now turn the conference over to your host, James Carbonara, Investor Relations. Thank you. You may begin.
Thank you, operator. Good afternoon, everyone, and welcome to Velo3D's third quarter 2025 earnings call. Before we begin, please note that today's call will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Please refer to our press release issued earlier today as well as our filings with the SEC, including our 2024 Form 10-K for a discussion of these risks.
We will also reference certain non-GAAP financial measures during the call. Reconciliations between GAAP and non-GAAP results can be found in today's press release, which is available on the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
