Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 81

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 81
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 |     |   |  100.0 | %  |
| Total Revenue     |     | $                       | 9,320 |     | 100.0 | % |     | $    | 9,786 |     | 100.0 | % |     | $      | (466 | ) |     |   |   (4.8 | )% |

Total revenue for the three months ended March 31, 2025 and 2024 was $9.3 million and $9.8 million, respectively, a decrease of $0.5 million, or 4.8%.

3D Printer sales were $7.5 million and $7.7 million for the three months ended March 31, 2025 and 2024, respectively, a decrease of $0.2 million. The decrease in revenue was primarily attributed to the lower number of systems sold. The 3D Printer sales also included printed parts and consumables revenue.

| 51 |

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

Pursuant to 17 CFR 200.83</div>

Recurring Payment revenue, structured as an operating lease, was $0 for the three months ended March 31, 2025 and $0.5 million for the three months ended March 31, 2024. The decrease was primarily attributable to a revenue reduction related to fewer operating lease transactions.

Our Support Services revenue was $1.8 million and $1.7 million for the three months ended March 31, 2025 and 2024, respectively, a increase of $0.1 million. The increase in Support Services revenue was primarily due to services provided to customers as a result of increased installed base.

Other revenue was less than $0.1 million and $0 for the three months ended March 31, 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 March 31,           
 2025                                   
 (In thousands, except for percentages) |       |     |       |   |     | 2024 |        |     |       |   |     | Change |        |   |     | % |       |    |
|:--------------------------|:----|:---------------------------------------|------:|: