Velo3D Q2 Adj $(2.57) Up From $(3.42) YoY, Sales $10.34M Down From $25.13M YoY
Portfolio Pulse from Benzinga Newsdesk
Velo3D (NYSE:VLD) reported a quarterly loss of $(2.57) per share, an improvement from $(3.42) per share last year. However, sales dropped significantly to $10.34 million, a 58.84% decrease from $25.13 million in the same period last year.
August 14, 2024 | 8:22 pm
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Velo3D reported a quarterly loss of $(2.57) per share, an improvement from $(3.42) per share last year. However, sales dropped significantly to $10.34 million, a 58.84% decrease from $25.13 million in the same period last year.
While Velo3D's losses have improved year-over-year, the significant drop in sales is a major concern. The 58.84% decrease in sales is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100