Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 219

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 219
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 the following:

|                  |     | December       
 31,            
 2024           
 (In thousands) |        |     | 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'>Confidential Treatment Requested by Velo3D, Inc.

Pursuant to 17 CFR 200.83

Velo3D, Inc.

Notes to Consolidated Financial Statements</div>

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

|                             |     | December       
 31,            
 2024           
 (In thousands) |       |     | 2023 |       |
|:----------------------------|:----|:---------------|------:|:----|:-----|------:|
| Prepaid insurance and other |     | $              | 1,724 |     | $    | 2,738 |
| Vendor prepayments          |     |                |   612 |     |      | 1,262 |
| Total                       |     | $              | 2,336 |     | $    | 4,000 |

Property and Equipment, Net

Property and equipment, net consisted of the following:

|                                     |     | December       
 31,            
 2024           
 (In thousands) |         |   |     | 2023 |        |   |
|:------------------------------------|:----|:---------------|--------:|:--|:----|:-----|-------:|:--|
| Computers and software              |     | $              |   2,525 |   |     | $    |  2,549 |   |
| Lab equipment and other equipment   |     |                |  11,011