Company: VLDXW
Filing Date: 2025-08-20
Form Type: 424B4
Source: 0001641172-25-024892
Chunk: 227

Company: Velo3D, Inc.
Filing Date: 2025-08-20
Form: 424B4
Chunk 227
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     | $          | (96 | ) |
| Total            |     | $        | 6,621 |     | $          | (96 | ) |

There were no material realized gains or losses on AFS investments for the year ended December 31, 2023.

Note 6. Balance Sheet Components

Accounts Receivable, Net

Accounts receivable, net consisted of the following:

Schedule of Accounts Receivable, Net

|                                  |     | 2024       
 December   
 31,        
 2024       
 (In        
 thousands) |        |   |     | 2023 
 2023 |        |   |
|:---------------------------------|:----|:-----------|-------:|:--|:----|:-----|-------:|:--|
| Trade                            
 Receivables                      |     | $          |  7,130 |   |     | $    | 10,203 |   |
| Less:                            
 Allowances for Doubtful Accounts |     |            | (3,407 | ) |     |      |   (620 | ) |
| Total                            |     | $          |  3,723 |   |     | $    |  9,583 |   |

Inventories

Inventories consisted of the following:

Schedule of Inventories

|                  |     | 2024       
 December   
 31,        
 2024       
 (In        
 thousands) |        |     | 2023 
 2023 |        |
|:-----------------|:----|:-----------|-------:|:----|:-----|-------:|
| Raw              
 materials        |     | $          | 29,386 |     | $    | 48,488 |
| Work-in-progress |     |            |  9,660 |     |      |  9,922 |
| Finished         
 goods            |     |            | 10,907 |     |      |  2,406 |
| Total            |     | $          | 49,953 |     | $    | 60,816 |

The Company recorded $27.1 million in inventory reserves related to the valuation of inventory for the years ended December 31, 2024 and 2023.

| F-25 |

<div align='center'>Velo3D, Inc.

Notes to Consolidated Financial Statements</div>

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted