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Velo3D Announces Fourth Quarter and Fiscal Year 2024 Financial Results

Velo3D announced its fourth quarter and fiscal year 2024 financial results on March 31, 2025, revealing a transformational quarter.
Strategic initiatives and a debt-for-equity exchange, where Arrayed Notes Acquisition Corp. Became the majority shareholder, led to this transformation.
Velo3D launched Rapid Production Solutions for parts production and is seeing increased traction from a new go-to-market strategy, particularly in the U.S. Defense and aerospace industries, alongside improved financial health and market positioning.
Q4 2024 revenue was reported as $12.6 million , with a backlog of $16 million exiting the year, and operating expenses were down 25% year-over-year; however, the net loss for the quarter was $21.7 million and EBITDA was $ .
Velo3D anticipates revenue between $50 million and $60 million in fiscal year 2025, forecasting over 30% annual revenue growth, sequential improvement in gross margin and expects to be EBITDA positive in the first half of 2026, with RPS potentially accounting for up to 40% of 2026 revenue.

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