Company: VLDXW
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0000950170-25-005443
Chunk: 0

Company: Velo3D, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
Velo3D, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except share and per share data)

    September 30,

    December 31,

    2024

    2023

    Assets

    Current assets:

    Cash and cash equivalents
     
    $
    1,637

    $
    24,494

    Short-term investments

    —

    6,621

    Accounts receivable, net

    10,213

    9,583

    Inventories, net

    61,976

    60,816

    Contract assets

    4,032

    7,510

    Prepaid expenses and other current assets

    1,934

    4,000

    Total current assets

    79,792

    113,024

    Property and equipment, net

    13,152

    16,326

    Equipment on lease, net

    3,783

    6,667

    Other assets

    14,060

    17,782

    Total assets
     
    $
    110,787

    $
    153,799

    Liabilities and Stockholders’ Equity

    Current liabilities:

    Accounts payable
     
    $
    17,673

    $
    15,854

    Accrued expenses and other current liabilities

    5,325

    6,491

    Debt – current portion

    29,602

    21,191

    Contract liabilities

    10,802

    5,135

    Total current liabilities

    63,402

    48,671

    Long-term debt – less current portion

    —

    11,941

    Contingent earnout liabilities

    11

    1,456

    Warrant liabilities

    2,350

    11,835

    Other noncurrent liabilities

    10,337

    11,556

    Total liabilities

    76,100

    85,459

    Commitments and contingencies (Note 13)

    Stockholders’ equity:

    Common stock, $0.00001 par value - 500,000,000 shares authorized at September 30,