Revenue: As of FY2025 Q1, the actual value is USD 9.32 M.

EPS: As of FY2025 Q1, the actual value is USD -0.13.

EBIT: As of FY2025 Q1, the actual value is USD -23.39 M.

Segment Revenue

• Total Revenue: $9.3 million for the first quarter of 2025, compared to $9.8 million in the first quarter of 2024.
• 3D Printer Revenue: $7.523 million in Q1 2025, slightly down from $7.660 million in Q1 2024.
• Support Services Revenue: $1.790 million in Q1 2025, up from $1.656 million in Q1 2024.

Operational Metrics

• Gross Margin: 7.5% in Q1 2025, a significant improvement from negative 28.8% in Q1 2024.
• GAAP Net Loss: - $25.4 million in Q1 2025, compared to - $28.3 million in Q1 2024.
• Non-GAAP Net Loss: - $8.9 million in Q1 2025, compared to - $20.2 million in Q1 2024.
• Operating Expenses: $12.6 million in Q1 2025, down from $18.6 million in Q1 2024.

Cash Flow

• Net Cash Used in Operating Activities: - $12.349 million in Q1 2025, compared to - $20.523 million in Q1 2024.
• Cash and Cash Equivalents: $3.9 million as of March 31, 2025, compared to $1.2 million as of December 31, 2024.

Unique Metrics

• Backlog: $18 million as of March 31, 2025.
• RPS Backlog: Increased 3x compared to year-end 2024.

Outlook / Guidance

• Velo3D expects 2025 annual revenue growth of more than 30% and aims to achieve EBITDA positive status in the first half of 2026.
• Revenue is projected to be in the range of $50 million to $60 million for the full year 2025, with a gross margin greater than 30% in the fourth quarter of 2025.
• Non-GAAP operating expenses are expected to be between $40 million and $50 million, with CapEx ranging from $15 million to $20 million.