Company: VLDXW
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0000950170-25-005443
Chunk: 2

Company: Velo3D, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 loss on fair value of warrants

    (31,910
    )

    138

    (Gain) loss on fair value of contingent earnout liabilities

    (1,445
    )

    (3,000
    )

    Non-cash cost of issuance of common stock warrants

    7,951

    —

    Realized loss on available for sale securities

    23

    —

    Loss on fair value of debt derivatives

    —

    3,164

    Loss on debt extinguishment

    —

    253

    Changes in operating assets and liabilities

    Accounts receivable

    (630
    )

    (3,412
    )

    Inventories

    1,704

    (3,739
    )

    Contract assets

    3,478

    (8,328
    )

    Prepaid expenses and other current assets

    2,226

    3,503

    Other assets

    3,618

    1,503

    Accounts payable

    1,023

    (1,556
    )

    Accrued expenses and other liabilities

    (1,133
    )

    (4,382
    )

    Contract liabilities

    6,367

    (10,347
    )

    Other noncurrent liabilities

    (1,919
    )

    (1,829
    )

    Net cash used in operating activities

    (30,465
    )

    (81,109
    )

    Cash flows from investing activities

    Purchase of property and equipment

    (28
    )

    (1,072
    )

    Production of equipment for lease to customers

    —

    (2,965
    )

    Proceeds from the sale of available for sale securities

    3,172

    —

    Proceeds from maturity of available-for-sale investments

    3,500

    35,092

    Net cash provided by investing activities

    6,644

    31,055

    Cash flows from financing activities

    Proceeds from convertible note, net of issuance costs

    —

    65,736

    Proceeds from ATM offering, net of issuance costs

    —

    18,423

    Proceeds from revolver facility

    —

    14,000

    Proceeds from equipment loans

    —

    1,600

    Repayment