VELO Overview

Investment Details: Velo3D (VELO) plans to raise $30 million through a private investment in public equity by issuing approximately 3.6 million common shares at $8.25 each.

Use of Proceeds: The net proceeds from this transaction will be allocated for general corporate purposes and capital expenditures, particularly to enhance Rapid Production Services for the space and defense sectors.

Stock Performance: Velo3D Inc. shares surged 16.54% in after-hours trading to $7.68 following a successful aerospace hardware delivery by Mears Machine Corporation.

Aerospace Hardware Delivery: Mears Machine delivered a complete aerospace gas turbine hardware set, including components produced with Velo3D's Sapphire XC additive manufacturing system, which underwent specialized processing for high-speed applications.

Growth Potential: Mears Machine's CEO highlighted that their growth prospects significantly exceed current print capacity, emphasizing the engineering achievement of the delivered product.

Financial Overview: Velo3D reported third-quarter revenue of $13.64 million, surpassing estimates, but incurred a loss of $0.54 per share; despite a recent stock gain, it remains down 34.91% year-to-date.

Earnings Report: Velo3D, Inc. reported third-quarter sales of $13.64 million, slightly exceeding analyst expectations, while losses per share were 54 cents, just missing the consensus estimate.

Stock Performance: Following the earnings report, Velo3D shares surged over 19%, trading at $5.87, and are currently 29.4% above their 50-day moving average, indicating a bullish trend.

Future Outlook: The company anticipates full-year revenue between $50 million to $60 million and expects to achieve positive EBITDA in the first half of 2026, driven by its Rapid Production Solutions segment.

Strategic Partnerships: Velo3D has formed partnerships with the U.S. Navy, U.S. Army, and Linde AMT, with 48% of its bookings this quarter coming from the space and defense sector, enhancing its market position.