VELO3D Revenues Remain Steady Despite Q1 Mixed Results
May 3, 2023
Trending News 🌥️
VELO3D ($NYSE:VLD), a metal 3D printing solutions provider, saw mixed results for its Q1 results, with some good news and some bad news. Despite this, the company was still able to hold steady on its revenue and bookings guidance for the fiscal year 2023. This result is a testament to the strength and resilience of VELO3D’s business model. Despite these strong results, there were some areas where the company saw mixed results.
Overall, VELO3D’s Q1 results show that the company is doing well in terms of revenue and bookings guidance despite some mixed results in certain areas. The company’s financial performance will be closely watched as it continues to explore new opportunities to accelerate growth and build its presence in the metal 3D printing solutions space.
Market Price
On Monday, VELO3D stock opened at $2.3 and closed at $2.2 – a drop of 5.1% from its last closing price of $2.3. This was largely due to increased demand for metal 3D printing technologies and the company’s ability to capitalize on the growing market. VELO3D also saw its gross margins improve, indicating that the company is making progress toward profitability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Velo3d. More…
| Total Revenues | Net Income | Net Margin |
| 95.35 | 39.16 | -103.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Velo3d. More…
| Operations | Investing | Financing |
| -124.69 | 40.65 | 16.74 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Velo3d. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 213.73 | 91.79 | 0.63 |
Key Ratios Snapshot
Some of the financial key ratios for Velo3d are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 41.5% |
| FCF Margin | ROE | ROA |
| -145.6% | 18.8% | 11.6% |
Analysis
GoodWhale has conducted an analysis of VELO3D‘s financials. Based on our Star Chart classification, we have determined that VELO3D is a ‘Rhino’ type of company. This implies that the company has achieved moderate revenue and earnings growth. Given the nature of the company and its financials, it is likely that value-oriented investors would be interested in it. The company has a high health score of 7/10 with regards to its cashflows and debt and is well-positioned to ride out any economic crises without much risk. In terms of its financial performance, VELO3D is strong in asset, medium in growth, but weak in dividend and profitability. This implies that while the company has a good balance sheet, it has yet to optimize its profit margins and dividend yields. More…
Peers
The company competes with 3DX Industries Inc, Markforged Holding Corp, and Cognex Corp.
– 3DX Industries Inc ($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 ($NASDAQ:CGNX)
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.
Summary
Velo3D is a 3D printing technology provider which recently released its Q1 financial results. The company maintained its revenue and bookings guidance for FY 2023, but the stock price dropped following the announcement. Despite the short-term market reaction, investors may consider a long-term view of Velo3D as the company’s 3D printing technology has potential to be integrated in the manufacturing industry. Therefore, investors should keep an eye on Velo3D and assess their investment opportunities accordingly.
Related Posts
Recent Posts
