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Velo3D | 10-K: Annual report

Velo3D | 10-K: Annual report

Velo3D | 10-K:年度报表
美股sec公告 ·  04/03 16:46
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Velo3D, a leading provider of additive manufacturing solutions, has reported a challenging financial year, with a net loss of $135.1 million for the year ended December 31, 2023, compared to a net income of $8.0 million in the previous year. The company's total revenue slightly decreased by 1.6% year-on-year to $77.4 million. The decrease in revenue was primarily attributed to an overall decrease in system sales and backlog in the fourth quarter of 2023. Despite this, Velo3D made significant strides in its business development, shipping its first Sapphire XC 1MZ system at the end of 2022 and focusing on a strategic realignment to optimize free cash flow and operational efficiency. The company's future plans include a continued emphasis on reducing material costs, accelerating production cycle times, and improving efficiencies on the production floor. Velo3D also aims to rebuild its bookings and backlog pipeline through new go-to-market and service strategies. However, the company acknowledges substantial doubt about its ability to continue as a going concern without additional financing to fund operations and satisfy obligations.
Velo3D, a leading provider of additive manufacturing solutions, has reported a challenging financial year, with a net loss of $135.1 million for the year ended December 31, 2023, compared to a net income of $8.0 million in the previous year. The company's total revenue slightly decreased by 1.6% year-on-year to $77.4 million. The decrease in revenue was primarily attributed to an overall decrease in system sales and backlog in the fourth quarter of 2023. Despite this, Velo3D made significant strides in its business development, shipping its first Sapphire XC 1MZ system at the end of 2022 and focusing on a strategic realignment to optimize free cash flow and operational efficiency. The company's future plans include a continued emphasis on reducing material costs, accelerating production cycle times, and improving efficiencies on the production floor. Velo3D also aims to rebuild its bookings and backlog pipeline through new go-to-market and service strategies. However, the company acknowledges substantial doubt about its ability to continue as a going concern without additional financing to fund operations and satisfy obligations.
领先的增材制造解决方案提供商Velo3D报告了艰难的财政年度,截至2023年12月31日的年度净亏损为1.351亿美元,而上一年的净收入为800万美元。该公司的总收入同比略有下降1.6%,至7,740万美元。收入下降的主要原因是2023年第四季度系统销售额和积压量总体下降。尽管如此,Velo3D在业务发展方面取得了长足的进步,于2022年底交付了首款Sapphire XC 1MZ系统,并专注于战略调整以优化自由现金流和运营效率。该公司的未来计划包括继续强调降低材料成本、加快生产周期和提高生产车间的效率。Velo3D 还旨在通过新的上市和服务策略重建其预订和待办事项渠道。但是,该公司承认,在没有额外融资为运营提供资金和履行义务的情况下,其继续经营的能力存在重大疑问。
领先的增材制造解决方案提供商Velo3D报告了艰难的财政年度,截至2023年12月31日的年度净亏损为1.351亿美元,而上一年的净收入为800万美元。该公司的总收入同比略有下降1.6%,至7,740万美元。收入下降的主要原因是2023年第四季度系统销售额和积压量总体下降。尽管如此,Velo3D在业务发展方面取得了长足的进步,于2022年底交付了首款Sapphire XC 1MZ系统,并专注于战略调整以优化自由现金流和运营效率。该公司的未来计划包括继续强调降低材料成本、加快生产周期和提高生产车间的效率。Velo3D 还旨在通过新的上市和服务策略重建其预订和待办事项渠道。但是,该公司承认,在没有额外融资为运营提供资金和履行义务的情况下,其继续经营的能力存在重大疑问。
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