Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 277

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 277
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ivable, Net

Accounts receivable, net consisted of the following:

Schedule of Accounts Receivable, Net

|                                    |     | June 30,       
 2025           
 (In thousands) |        |   |     | December 31, 
 2024         |        |   |
|:-----------------------------------|:----|:---------------|-------:|:--|:----|:-------------|-------:|:--|
| Trade receivables                  |     | $              |  7,216 |   |     | $            |  7,130 |   |
| Less: Allowances for credit losses |     |                | (1,822 | ) |     |              | (3,407 | ) |
| Total                              |     | $              |  5,394 |   |     | $            |  3,723 |   |

Inventories, Net

Inventories consisted of the following:

Schedule of Inventories

|                  |     | June 30,       
 2025           
 (In thousands) |        |     | December 31, 
 2024         |        |
|:-----------------|:----|:---------------|-------:|:----|:-------------|-------:|
| Raw materials    |     | $              | 30,024 |     | $            | 29,386 |
| Work-in-progress |     |                |  3,076 |     |              |  9,660 |
| Finished goods   |     |                |  5,317 |     |              | 10,907 |
| Total            |     | $              | 38,417 |     | $            | 49,953 |

The Company recorded $ 24.1million and $ 27.1million in inventory reserves related to the valuation of inventory as of June 30, 2025 and December 31, 2024, respectively.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

Schedule of Prepaid Expenses and Other Current Assets

|                             |     | June 30,       
 2025           
 (In thousands) |       |     | December 31, 
 2024         |       |
|:----------------------------|:----|:---------------|------:|:----|:-------------|------:|
| Prepaid insurance and other |     | $              | 1,706 |     | $