Velo3D Q3 Earnings Preview: Still A Lot Of Work To Do Before Turning Around

Velo3D faces ongoing operational challenges and weak commercial traction, with Q3 revenue guided at $19.5–$20.5m, up 43–51% y/y. Gross margin turned positive in Q2 at 21.5%, but the revenue base remains too small to achieve operating leverage or break-even. RPS (contract manufacturing) could drive higher margins and adoption, but widespread commercial uptake remains elusive.