Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 77

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 77
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100.0 | %  |
| Total Revenue     |     | $                                      | 13,572 |     | 100.0 | % |     | $    | 10,344 |     | 100.0 | % |     | $      | 3,228 |   |     |   |  31.2 | %  |

Total revenue for the three months ended June
30, 2025 and 2024 was $13.6 million and $10.3 million, respectively, an increase of $3.2 million, or 31.2%.

3D Printer sales were $12.1 million and $8.7
million for the three months ended June 30, 2025 and 2024, respectively, an increase of $3.4 million. The increase in revenue was primarily
attributed to the 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 three months ended June 30, 2025 and $0.3 million for the three months ended June
30, 2024. The decrease was primarily attributable to a revenue reduction related to fewer operating lease transactions.

| 51 |

Our Support Services revenue was $1.4 million
and $1.4 million for the three months ended June 30, 2025 and 2024, respectively, a decrease of less than $0.1 million. Support Services
revenue remained consistent primarily due to services provided to customers.

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

Cost of Revenue

The following table presents the Cost of Revenue
disaggregated by product and service type, as well as the percentage of total cost of revenue.

| Cost of Revenue           |     | Three Months Ended                     
 June 30,                               
 2025                                   
 (In thousands, except for percentages) |        |     |       |   |     | 2024 |        |     |       |   |     | Change |        |   |     | % |        |    |
|:--------------------------|:----|:---------------------------------------|-------:|:----|------:|:--|:----|:-----|-------:|:----|------: