Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 261

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 261
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 |        (4 | ) |
| Net loss                                     |     | $                      |     (25,411 | ) |     | $    |   (28,314 | ) |
| Net loss per share:                          |     |                        |             |   |     |      |           |   |
| Basic                                        |     | $                      |       (0.13 | ) |     | $    |     (3.81 | ) |
| Diluted                                      |     | $                      |       (0.13 | ) |     | $    |     (3.81 | ) |
| Shares used in computing net loss per share: |     |                        |             |   |     |      |           |   |
| Basic                                        |     |                        | 200,971,566 |   |     |      | 7,436,976 |   |
| Diluted                                      |     |                        | 200,971,566 |   |     |      | 7,436,976 |   |
| Net loss                                     |     | $                      |     (25,411 | ) |     | $    |   (28,314 | ) |
| Net unrealized holding                       
 gain on available-for-sale investments       |     |                        |           — |   |     |      |        52 |   |
| Total comprehensive                          
 loss                                         |     | $                      |     (25,411 | ) |     | $    |   (28,262 | ) |

<div align='center'>The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.</div>

| F-54 |

<div align='center'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83

Velo3D, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands)</div>

| Cash flows from operating                       
 activities                                      |     | Three                  
 Months Ended March 31, 
 2025                   |         |   |     | 2024 |         |   |
|:------------------------------------------------|:----|:-----------------------|--------:|:--|:----|:-----|--------:|:--|
| Net loss                                        |     | $                      | (25,411 | ) |     | $    | (28,314 | ) |
| Adjustments to reconcile net loss to net cash   
 used in operating activities