Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 84

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 84
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 |     |   | (90.8 | )% |
| Licensing         |     |                                        |  3,149 |     |  13.8 | % |     |      |  3,029 |     |  15.0 | % |     |        |   120 |   |     |   | 100.0 | %  |
| Support services  |     |                                        |     68 |     |   0.3 | % |     |      |      — |     |     — |   |     |        |    68 |   |     |   |     — |    |
| Total Revenue     |     | $                                      | 22,892 |     | 100.0 | % |     | $    | 20,130 |     | 100.0 | % |     | $      | 2,762 |   |     |   |  13.7 | %  |

Total revenue for the six months ended June
30, 2025 and 2024 was $22.9 million and $20.1 million, respectively, an increase of $2.8 million, or 13.7%.

3D Printer sales were $19.6 million and $16.3
million for the six months ended June 30, 2025 and 2024, respectively, an increase of $3.3 million. The increase in revenue was primarily
attributed to product mix and the number of systems sold. The 3D Printer sales also included printed parts and consumables revenue.

Recurring Payment revenue, structured as an
operating lease, was less than $0.1 million for the six months ended June 30, 2025 and $0.8 million for the six months ended June 30,
2024. The decrease was primarily attributable to a revenue reduction related to fewer operating lease transactions.

Our Support Services revenue was $3.1 million and $3.0 million for the six months ended June 30, 2025 and 2024, respectively, an increase of $0.1 million. The increase in Support Services revenue was primarily due to services provided to customers as a result of the increased installed base.

Other revenue was less than $0.1 million and
$0.0 for the six months ended June 30, 2025 and 2024, respectively.

Cost of Revenue

The following table presents the Cost of Revenue