Company: VLDXW
Filing Date: 2025-08-07
Form Type: S-1
Source: 0001641172-25-022475
Chunk: 71

Company: Velo3D, Inc.
Filing Date: 2025-08-07
Form: S-1
Chunk 71
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 Amendment”) to the Company’s Certificate of Incorporation, as amended (the “Certificate of Incorporation’), to remove Section 1 of Article VIII
of the Certificate of Incorporation, which prohibited stockholder action by written consent without a stockholder meeting. On July 1,
2025, the Written Consent Amendment was filed with the Secretary of State of the State of Delaware. As a result of the Written Consent
Amendment, stockholders will be permitted to act in the future by written consent to the extent permitted under the General Corporation
Law of the State of Delaware.

Key Financial and Operational Metrics

We believe that our performance and future
success depend on many factors that present significant opportunities for us but also pose risks and challenges, including those discussed
herein and in the section of this prospectus entitled “Risk Factors” starting on page 9.

We regularly evaluate several metrics, including
the metrics presented in the table below, to measure our performance, identify trends affecting our business, prepare financial projections,
make strategic decisions, and establish performance goals for compensation and we periodically review and revise these metrics to reflect
changes in our business.

|                          |     | 2025 |           As of and for the 
 Three Months Ended June 30, |     | 2024 |    |     | 2025 |         As of and for the 
 Six Months Ended June 30, |     | 2024 |    |
|:-------------------------|:----|:-----|----------------------------:|:----|:-----|---:|:----|:-----|--------------------------:|:----|:-----|---:|
| Revenue ($ in millions)  |     | $    |                          14 |     | $    | 10 |     | $    |                        23 |     | $    | 20 |
| Bookings ($ in millions) |     | $    |                          12 |     | $    |  5 |     | $    |                        20 |     | $    | 22 |
| Backlog ($ in millions)  |     | $    |                          16 |     | $    | 17 |     | $    |                        16 |     | $    | 17 |

Bookings ($ in millions):Bookings ($ in millions) are defined as a confirmed order for a 3D printer system and printed parts in contracted dollars.

Backlog ($ in millions):Backlog ($ in millions) is defined as the unful