Velo3D reported a loss of $0.2 per share on revenue of $13.8 million in the first quarter, while Wall Street analysts expected Velo3D to report a loss of $0.48 on revenue of $9.9 million.
Velo3D stated that it will partner with Andretti Performance as an official sponsor and additive manufacturing technology provider for two 2026 IMSA Michelin Pilot Challenge events.
Velo3D’s CEO Dr. Arun Jeldi purchased a $5 million promissory note from an existing debt holder and converted the same into common stock at $16.38 per share.