Company: VLDXW
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0000950170-25-005443
Chunk: 127

Company: Velo3D, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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    $(22,858)
     
    $(19,464)
     
    $(3,394)
     
    17.4%

Revenue 

The following table presents the revenue disaggregated by products and service type, as well as the percentage of total revenue. 

    ​
     
    Three Months Ended September 30,

    ​
     
    2024
     
    2023
     
    Change
     
    %

    ​
     
    (In thousands, except for percentages)

    3D Printer sales
     
    $1,049
     
    12.7%
     
    $20,787
     
    89.7%
     
    $(19,738)
     
    (95.0)%

    Recurring payment
     
    192
     
    2.3%
     
    531
     
    2.3%
     
    (339)
     
    (63.8)%

    Licensing
     
    5,000
     
    60.6%
     
    —
     
    —
     
    5,000
     
    100.0%

    Support services
     
    2,006
     
    24.3%
     
    1,849
     
    8.0%
     
    157
     
    8.5%

    Total Revenue
     
    $8,247
     
    100.0%
     
    $23,167
     
    100.0%
     
    $(14,920)
     
    (64.4)%

39

Total revenue for the three months ended September 30, 2024 and 2023 was $8.2 million and $23.2 million, respectively, a decrease of $14.9 million, or 64.4%.

3D Printer sales were $1.0 million and $20.8 million for the three months ended September 30, 2024 and 2023, respectively, a decrease of $19.7 million. The decrease in revenue was primarily attributed to the fewer number of systems sold. The 3D Printer sales also included parts and consumables revenue.

Recurring Payment revenue, structured as an operating lease, was $0.2 million for the three months ended September 30,