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Velo3d, Inc. (VLD) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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VLD Annual Reports

  • 10-K Annual Report March 2022

VLD Registration of Securities

Velo3d, Inc.

CIK: 1825079 Ticker: VLD
Exhibit 99.1

Velo3D Announces Fourth Quarter and Fiscal Year 2021 Financial Results
Exceeded Fourth Quarter and Full Year Revenue Forecast
Reiterates Previous FY2022 Revenue Guidance of $89 Million

Exceeded revenue forecast – 20% sequential increase / 45% growth vs FY 2020
Shipped first Sapphire XC system to aerospace customer in Q421
Achieved 2021 shipments goal of 23 systems - 77% year over year growth
Continued bookings strength – 34 systems booked in 2021 versus goal of 24
Significant backlog for 2022 – 23 Sapphire systems (18 Sapphire XC)

CAMPBELL, Calif., Mar. 2, 2022
- Velo3D, Inc. (NYSE: VLD), a leading additive manufacturing technology company for mission-critical metal parts, today announced financial results for its fourth quarter and fiscal year ended December 31, 2021.

“Our performance reflects strong execution as we exceeded our fourth quarter and fiscal year 2021 revenue forecast, surpassed our bookings target and achieved a key strategic milestone as we shipped our first Sapphire XC system which will be a significant driver of our growth in 2022,” said Benny Buller, CEO of Velo3D. “Overall, 2021 was an important and successful year for Velo3D, and I’m enormously proud of everything we achieved. Customer demand for our industry leading Sapphire systems remains high as we help some of the world’s most innovative companies create the future using our advanced additive manufacturing technology”.

“In addition to shipping a record number of systems in the fourth quarter, our strong bookings reflected increasing demand across a number of verticals as we execute on our land and expand strategy. For the year, shipments increased more than 75% and we continued to add new customers, including our first customer in Europe, which is a significant market opportunity we are looking to capitalize on this year. Also, we believe we remain well positioned to achieve our 2022 goals given our fourth quarter execution as well as the strong revenue visibility provided by our current backlog of 23 systems, including 18 Sapphire XC systems. As a result, we are reiterating our previous 2022 revenue guidance of $89 million,” continued Buller.


The following information was filed by Velo3d, Inc. (VLD) on Wednesday, March 2, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Velo3d, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations And Comprehensive Loss
Consolidated Statements Of Redeemable Convertible Preferred Stock And Stockholders??? Equity (Deficit)
Accounts Receivable, Net
Accounts Receivable, Net (Details)
Accounts Receivable, Net (Tables)
Accrued Expenses And Other Current Liabilities
Accrued Expenses And Other Current Liabilities (Details)
Accrued Expenses And Other Current Liabilities (Tables)
Basic And Diluted Net Loss Per Share
Basic And Diluted Net Loss Per Share (Tables)
Basic And Diluted Net Loss Per Share - Computation Of Basic And Diluted Net Loss Per Share (Details)
Basic And Diluted Net Loss Per Share - Potentially Dilutive Securities Excluded From Computation (Details)
Commitment And Contingencies
Commitment And Contingencies (Details)
Convertible Notes Payable
Convertible Notes Payable (Details)
Description Of Business And Basis Of Presentation
Description Of Business And Basis Of Presentation (Details)
Employee Defined - Contribution Plans
Employee Defined - Contribution Plans (Details)
Equipment On Lease, Net
Equipment On Lease, Net (Details)
Equity Incentive Plans &Amp; Stock-Based Compensation
Equity Incentive Plans &Amp; Stock-Based Compensation (Tables)
Equity Incentive Plans &Amp; Stock-Based Compensation - Narrative (Details)
Equity Incentive Plans &Amp; Stock-Based Compensation - Rsus Activity (Details)
Equity Incentive Plans &Amp; Stock-Based Compensation - Stock Options (Details)
Equity Incentive Plans &Amp; Stock-Based Compensation - Stock-Based Compensation Expense (Details)
Equity Incentive Plans &Amp; Stock-Based Compensation - Weighted-Average Assumptions (Details)
Equity Instruments
Equity Instruments (Tables)
Equity Instruments - Common Stock Reserved For Issuance (Details)
Equity Instruments - Contingent Earnout Liabilities, Fair Value Assumptions (Details)
Equity Instruments - Contingent Earnout Liabilities, Narrative (Details)
Equity Instruments - Conversion Of Redeemable Convertible Preferred Stock Into Common Stock At A Conversion Ratio Of 3:1 And Issuance Of Series??D Redeemable Convertible Preferred Stock (Details)
Equity Instruments - Redeemable Convertible Preferred Stock (Details)
Equity Instruments - Redeemable Convertible Preferred Stock, Narrative (Details)
Equity Instruments - Rollforward Of Contingent Earnout Liabilities (Details)
Equity Instruments - Rollforward Of Warrant Liability (Details)
Equity Instruments - Warrant Liabilities, Narrative (Details)
Equity Instruments - Warrants For Shares Of Stock (Details)
Equity Instruments - Warrants, Fair Value Assumptions (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Assets And Liabilities Measured On Recurring Basis (Details)
Fair Value Measurements - Changes In Fair Value Of Level 3 Financial Instruments (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Narrative (Details)
Income Taxes - Unrecognized Tax Benefits (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Investments
Investments (Tables)
Investments - Breakdown Of Investments In Unrealized Loss Position (Details)
Investments - Summary (Details)
Leases
Leases (Tables)
Leases - Assets And Liabilities (Details)
Leases - Future Minimum Lease Payments (Details)
Leases - Lease-Related Balances (Details)
Leases - Narrative (Details)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Components (Details)
Long-Term Debt - Equipment Loan (Details)
Long-Term Debt - Future Minimum Aggregate Payments (Details)
Long-Term Debt - General (Details)
Long-Term Debt - Property And Equipment Loan (Details)
Long-Term Debt - Revolving Credit Line (Details)
Long-Term Debt - Term Loan (Details)
Other Noncurrent Liabilities
Other Noncurrent Liabilities (Details)
Other Noncurrent Liabilities (Tables)
Prepaid Expenses And Other Current Assets
Prepaid Expenses And Other Current Assets (Details)
Prepaid Expenses And Other Current Assets (Tables)
Property And Equipment, Net
Property And Equipment, Net (Details)
Property And Equipment, Net (Tables)
Revenue
Revenue (Tables)
Revenue - Concentration Of Credit Risk And Other Risks And Uncertainties (Details)
Revenue - Narrative (Details)
Revenue - Revenue By Geographic Area (Details)
Reverse Recapitalization
Reverse Recapitalization (Tables)
Reverse Recapitalization - Narrative (Details)
Reverse Recapitalization - Shares Issued In Merger (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Cash And Cash Equivalents And Restricted Cash (Details)
Summary Of Significant Accounting Policies - Common Stock Warrants (Details)
Summary Of Significant Accounting Policies - Cost Of Revenue (Details)
Summary Of Significant Accounting Policies - Property And Equipment, Net And Equipment On Lease, Net (Details)
Summary Of Significant Accounting Policies - Revenue Recognition (Details)
Ticker: VLD
CIK: 1825079
Form Type: 10-K Annual Report
Accession Number: 0001628280-22-007442
Submitted to the SEC: Mon Mar 28 2022 4:10:31 PM EST
Accepted by the SEC: Mon Mar 28 2022
Period: Friday, December 31, 2021
Industry: Special Industry Machinery

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