Reports Q4 revenue $29.8M, consensus $25.93M. "We exited the year with a strong fourth quarter performance as we exceeded our revenue forecast, added to our diversified customer base and maintained our technology leadership with the continued, successful ramp up of our Sapphire XC system," said Benny Buller, CEO of Velo3D. "Overall, 2022 was another important and successful year for Velo3D. Despite a number of challenges, we were able to triple our annual revenue and demonstrate our commitment to innovation by further expanding our range of industry leading products. This success reflects strong execution as well as our ability to capitalize on customer’s increasing deployment of additive manufacturing solutions to produce the high value metal parts they need."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on VLD:
- Cathie Wood doubles down on these 2 small-cap stocks — here’s why you might want to ride her coattails
- ARK Innovation ETF (ARKK) is Heating Up. More Gains Ahead?
- Velo3D rises 10.0%
- Velo3D expects Q4 revenue to exceed prior guidance of $29M-$30M
- Velo3D appoints Stamp as Director of Solutions Engineering
