Velo3D Stock Soars After Q3 Earnings: Highlights From The Report
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Velo3D, Inc. (VELO) shares surged over 19% following the release of its Q3 earnings, reporting sales of $13.64 million, slightly above estimates. The company posted a loss of 54 cents per share, missing the expected 52 cents. Velo3D anticipates full-year revenue between $50 million to $60 million and positive EBITDA in H1 2026. Recent partnerships with the U.S. Navy and Army are expected to enhance revenue from its Rapid Production Solutions segment, which saw 48% of bookings from the space and defense sector. The stock is currently trading at $5.87, within a 52-week range of $2.81 to $8.28.
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