Company: VLDXW
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0000950170-25-005443
Chunk: 129

Company: Velo3D, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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    $20,772
     
    90.3%
     
    $(18,548)
     
    (89.3)%

    Cost of Recurring Payment
     
    195
     
    4.7%
     
    111
     
    0.5%
     
    84
     
    75.7%

    Cost of Support Services
     
    1,757
     
    42.1%
     
    2,121
     
    9.2%
     
    (364)
     
    (17.2)%

    Total Cost of Revenue
     
    $4,176
     
    100.0%
     
    $23,004
     
    100.0%
     
    $(18,828)
     
    (81.8)%

Total cost of revenue for the three months ended September 30, 2024 and 2023 was $4.2 million and $23.0 million, respectively, a decrease of $18.8 million, or 81.8%. 

Cost of 3D Printers was $2.2 million and $20.8 million for the three months ended September 30, 2024 and 2023, respectively. The decrease of $18.5 million was due to a decrease in number of systems sold for the three months ended September 30, 2024, compared to the three months ended September 30, 2023.

Cost of Recurring Payment was $0.2 million and $0.1 million for the three months ended September 30, 2024 and 2023, respectively. This increase of $0.1 million was primarily due to a decrease in depreciation of the equipment on lease and allocable Cost of Support Services as a result of fewer 3D Printers in service in the three months ended September 30, 2024, compared to the three months September 30, 2023.

40

Cost of Support Services was $1.8 million and $2.1 million for the three months ended September 30, 2024 and 2023, respectively. Cost of Support Services decreased by $0.4 million, due to the fixed costs associated with field service engineering labor and overhead in  September 30, 2024, compared to September 30, 2023. 

In addition,