Velo3D FY 2021 revenues top $27 million, growing 45% YoY Money & Funding
Velo3D, Inc. (NYSE: VLD), a leading additive manufacturing technology company for mission-critical metal parts, closed FY 2021, the first full year since going public, with revenues for $27 million, growing 45%, and exceeding expectations. Among other highlights the company shipped the first Sapphire XC system to an aerospace customer in Q421 and achieved the 2021 shipments goal of 23 systems (77% year over year unit growth). Velo3D FY 2021 also saw 34 systems booked in 2021 (versus a goal of 24) and a significant backlog for 2022 – 23 Sapphire systems (of which 18 Sapphire XC)