Company: VLDXW
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0000950170-25-005443
Chunk: 4

Company: Velo3D, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
---
 —

    —

    315

    Stock-based compensation

    —

    —

    13,041

    —

    —

    13,041

    Issuance of common stock in connection with capital raise, net

    1,722,449

    —

    4,239

    —

    —

    4,239

    Net loss

    —

    —

    —

    —

    (51,344
    )

    (51,344
    )

    Other comprehensive income

    —

    —

    —

    96

    —

    96

    Balance as of September 30, 2024

    9,647,652

    $
    2

    $
    443,066

    $
    0

    $
    (408,381
    )
     
    $
    34,687

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

7

Velo3D, Inc.

Notes to Condensed Consolidated Interim Financial Statements

(Unaudited) 

Note 1. Description of Business and Basis of PresentationVelo3D, Inc., a Delaware corporation (“Velo3D” ), formerly known as JAWS Spitfire Acquisition Corporation (“JAWS Spitfire”), produces metal additive three dimensional printers (“3D Printers”) which enable the production of components for space rockets, jet engines, fuel delivery systems and other high value metal parts, which it sells or leases to customers for use in their businesses. The Company also provides support services (“Support Services”) for an incremental fee. Velo3D’s subsidiaries are Velo3D US, Inc., (formerly known as Velo3D, Inc. (“Legacy Velo3D”), founded in June 2014 as a Delaware corporation headquartered in Campbell, California), Velo3D, B.V., (a sales and marketing office located in the Netherlands) and Velo3D, GmbH, (a sales and marketing office located in Germany). The first commercially developed 3D Printer was delivered in the fourth quarter of 2018. On September 29, 2021, JAWS Spitfire completed the previously announced merger with Legacy Velo3D, with Legacy Velo3D surviving as a wholly-owned subsidiary of JAWS Spitfire (the “Merger”). In connection with the Merger, JAWS Spitfire was renamed “Velo3D, Inc.”, and Legacy Velo3D