Company: VLDXW
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0000950170-25-005443
Chunk: 3

Company: Velo3D, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 of revolver facility

    —

    (17,000
    )

    Repayment of equipment loans

    —

    (6,956
    )

    Proceeds from BEPO Offering, net of issuance costs

    10,700

    —

    Proceeds from capital raise, net of issuance costs

    1,693

    —

    Repayment of secured notes

    (11,750
    )

    —

    Issuance of common stock upon exercise of stock options

    315

    410

    Net cash provided by financing activities

    958

    76,213

    Effect of exchange rate changes on cash and cash equivalents

    6

    (11
    )

    Net change in cash and cash equivalents

    (22,857
    )

    26,148

    Cash and cash equivalents and restricted cash at beginning of period

    25,294

    32,783

    Cash and cash equivalents and restricted cash at end of period
     
    $
    2,437

    $
    58,931

    Supplemental disclosure of cash flow information

    Cash paid for interest
     
    $
    1,181

    $
    1,123

    Supplemental schedule of non-cash investing and financing activities

    Unpaid liabilities related to property and equipment

    —

    27

    Equipment for lease to customers returned to inventory

    2,234

    4,198

5

The following table provides a reconciliation of cash, cash equivalents, and restricted cash shown on the condensed consolidated statements of cash flows (unaudited):

    Nine Months Ended September 30,

    2024

    2023

    (In thousands)

    Cash and cash equivalents
     
    $
    1,637

    $
    58,131

    Restricted cash (Other assets)

    800

    800

    Total cash and cash equivalents and restricted cash
     
    $
    2,437

    $
    58,931

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

6

Velo3D, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(Unaudited)

(In thousands, except share data)

    Common Stock

    Additional

    AccumulatedOther

    Total

    Shares

    Amount