VELO3D ($NYSE:VLD) reported their Q2 FY2023 financial results on June 30 2023, for the quarter ending August 10 2023. Their total revenue was USD 25.1 million, an increase of 28.0% from the same quarter of the previous year. However, net income decreased by 128.0 million, to USD -23.2 million.
The company’s stock opened at $1.8 and closed at the same price, down 1.1% from the prior closing price of $1.8. The results showed a drop in revenue from the previous quarter, however VELO3D was able to remain profitable during the quarter. This quarter saw a focus on expanding their customer base, with VELO3D entering into new agreements with major manufacturing customers from around the world. The company also continued to develop its technology suite, adding new features and functionality to their 3D printing systems.
Additionally, VELO3D announced a new strategic partnership with a major 3D printing materials supplier, allowing them to offer their customers an even larger range of materials to work with. Despite the uncertainty surrounding the global economy, VELO3D has remained resilient, continuing to innovate and develop their products in order to meet the ever-changing needs of their customers. As VELO3D moves into the second half of the year, they are confident that their strategy will result in further growth and success. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Velo3d. VELO3D_Reports_Q2_FY2023_Earnings_Results_for_Quarter_Ending_August_10_2023″>More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Velo3d. VELO3D_Reports_Q2_FY2023_Earnings_Results_for_Quarter_Ending_August_10_2023″>More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Velo3d. VELO3D_Reports_Q2_FY2023_Earnings_Results_for_Quarter_Ending_August_10_2023″>More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Velo3d are shown below. VELO3D_Reports_Q2_FY2023_Earnings_Results_for_Quarter_Ending_August_10_2023″>More…
Income Statement Ratios
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At GoodWhale, we recently conducted an analysis of VELO3D’s wellbeing. Our assessment concluded that VELO3D is a high risk investment, both in terms of financial and business aspects. Specifically, our Risk Rating model has identified 3 risk warnings in balance sheet, cashflow statement, and financial journal. If you would like to learn more, we recommend that you register on goodwhale.com. Here, you will be able to access our in-depth report on VELO3D and explore our findings in greater detail. Our report covers various metrics from liquidity, profitability and other measures of performance. Additionally, we provide comparative analysis of the company against the industry standards to gain a better understanding of the company’s position in the market. We hope this report will help you make an informed decision about investing in VELO3D. More…
Risk Rating Analysis
Star Chart Analysis
The company competes with 3DX Industries Inc, Markforged Holding Corp, and Cognex Corp.
– 3DX Industries Inc ($OTCPK:DDDX)
3DX Industries Inc is a publicly traded company with a market capitalization of $631,910 as of March 2021. The company has a return on equity of 16.98% as of the same date. 3DX Industries Inc is engaged in the business of providing 3D printing and related services to the aerospace, defense, and other industries.
– Markforged Holding Corp ($NYSE:MKFG)
Markforged Holding Corp is a 3D printing company that produces machines that print metal and carbon fiber. The company has a market cap of 425.61M as of 2022 and a Return on Equity of 8.01%. Markforged was founded in 2013 by Greg Mark and is headquartered in Watertown, Massachusetts.
Cognex Corp is a leading provider of industrial machine vision systems. Their products are used in a variety of industries, including automotive, electronics, food and beverage, and pharmaceuticals. Cognex’s market cap is 8.17B as of 2022, and their ROE is 14.01%. The company’s products are used to automate tasks and improve productivity.
VELO3D has reported strong financial results for its second quarter of fiscal year 2023. Total revenue grew 28% year-over-year to USD 25.1 million, which demonstrates the company’s continued success in delivering innovative products and services. Unfortunately, net income was down significantly at USD -23.2 million, indicating a potential weak point for the business.
Despite this, VELO3D appears to be growing in the long-term, making it a potentially attractive investment opportunity. Investors should keep an eye on the company’s future earnings and cash flow to better understand its financial health.