Company: VLDXW
Filing Date: 2025-06-25
Form Type: DRS
Source: 0001641172-25-016496
Chunk: 274

Company: Velo3D, Inc.
Filing Date: 2025-06-25
Form: DRS
Chunk 274
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uant to 17 CFR 200.83</div>

Inventories, Net

Inventories consisted of the following:

|                  |     | March 31,      
 2025           
 (In thousands) |        |     | December 31, 
 2024         |        |
|:-----------------|:----|:---------------|-------:|:----|:-------------|-------:|
| Raw materials    |     | $              | 30,189 |     | $            | 29,386 |
| Work-in-progress |     |                |  4,032 |     |              |  9,660 |
| Finished goods   |     |                | 11,912 |     |              | 10,907 |
| Total            |     | $              | 46,133 |     | $            | 49,953 |

The Company recorded $27.1 million in inventory reserves related to the valuation of inventory as of March 31, 2025 and December 31, 2024.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

|                             |     | March 31,      
 2025           
 (In thousands) |       |     | December 31, 
 2024         |       |
|:----------------------------|:----|:---------------|------:|:----|:-------------|------:|
| Prepaid insurance and other |     | $              | 1,909 |     | $            | 1,724 |
| Vendor prepayments          |     |                | 3,998 |     |              |   612 |
| Total                       |     | $              | 5,907 |     | $            | 2,336 |

Property and Equipment, Net

Property and equipment, net consisted of the following:

|                                     |     | March 31,      
 2025           
 (In thousands) |         |   |     | December 31, 
 2024         |         |   |
|:------------------------------------|:----|:---------------|--------:|:--|:----|:-------------|--------:|:--|
| Computers and software              |     | $              |   2,525 |   |     | $            |   2,525 |   |
| Lab equipment and other equipment   |     |                |  11,357 |   |     |              |  11,011