Company: VLDXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0000950170-25-047760
Chunk: 218

Company: Velo3D, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 218
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31, 2024 and 2023

(In thousands, except share and per share data)

    2024

    2023

    Assets

    Current assets:

    Cash and cash equivalents
     
    $
    1,212

    $
    24,494

    Short-term investments

    —

    6,621

    Accounts receivable, net

    3,723

    9,583

    Inventories, net

    49,953

    60,816

    Contract assets

    500

    7,510

    Prepaid expenses and other current assets

    2,336

    4,000

    Total current assets

    57,724

    113,024

    Property and equipment, net

    14,270

    16,326

    Equipment on lease, net

    3,673

    6,667

    Other assets

    13,513

    17,782

    Total assets
     
    $
    89,180

    $
    153,799

    Liabilities and Stockholders’ Equity

    Current liabilities:

    Accounts payable
     
    $
    18,538

    $
    15,854

    Accrued expenses and other current liabilities

    3,511

    6,491

    Debt – current portion

    5,666

    21,191

    Contract liabilities

    10,285

    5,135

    Total current liabilities

    38,000

    48,671

    Long-term debt – less current portion

    —

    11,941

    Contingent earnout liabilities (Note 10)

    11

    1,456

    Warrant liabilities (Note 10)

    2,167

    11,835

    Other noncurrent liabilities

    9,338

    11,556

    Total liabilities

    49,516

    85,459

    Commitments and contingencies (Note 13)

    Stockholders' equity (deficit):

    Common stock, $0.00001 par value – 500,000,000 shares authorized at   December 31, 2024 and 2023, respectively, 194,909,430 and 7,383