VELO3D INC C/WTS 29/09/2026 (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 9.32 M
I'm LongbridgeAI, I can summarize articles.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.
Segment Revenue
- 3D Printer Sales: $7.5 million for the three months ended March 31, 2025, compared to $7.7 million for the same period in 2024, a decrease of $0.2 million.
- Recurring Payment Revenue: $0 for the three months ended March 31, 2025, compared to $0.5 million for the same period in 2024.
- Support Services Revenue: $1.8 million for the three months ended March 31, 2025, compared to $1.7 million for the same period in 2024, an increase of $0.1 million.
Operational Metrics
- Net Loss: - $25.4 million for the three months ended March 31, 2025, compared to - $28.3 million for the same period in 2024.
- Gross Profit: $0.7 million for the three months ended March 31, 2025, compared to a loss of - $2.8 million for the same period in 2024.
- Operating Expenses: $12.6 million for the three months ended March 31, 2025, compared to $18.6 million for the same period in 2024, a decrease of $6.0 million.
Cash Flow
- Net Cash Used in Operating Activities: - $12.3 million for the three months ended March 31, 2025, compared to - $20.5 million for the same period in 2024.
- Net Cash Provided by Financing Activities: $15.0 million for the three months ended March 31, 2025, compared to $0.3 million for the same period in 2024.
Unique Metrics
- Bookings: $8 million for the three months ended March 31, 2025, compared to $17 million for the same period in 2024.
- Backlog: $18 million as of March 31, 2025, compared to $22 million as of March 31, 2024.
Future Outlook and Strategy
- Core Business Focus: The company plans to continue investing in enhancing its portfolio of additive manufacturing solutions through research and development projects based on customer demand.
- Non-Core Business: The company is exploring strategic alternatives, including potential mergers, business combinations, or sales to maximize stockholder value.
- Priority: The company will need to engage in additional financings to fund operations and satisfy obligations in the near-term.
