VLD - Velo3D says Q4 revenue to exceed prior guidance stock climbs ~7% after hours
- Shares of Velo3D ( NYSE: VLD ) on Monday rose 7.1% to $3.25 in postmarket trading, after the company said it expected Q4 revenue to exceed its previous guidance.
- VLD said it anticipated Q4 revenue to be in the range of $29M to $30M, higher than the consensus revenue estimate of $25.45M.
- For FY 2022, the company expects revenue to be in the range of $80M to $81M. The consensus revenue estimate is $76.43M.
- VLD added that it will continue to incur an operating loss for Q4 and FY 2022.
- VLD had about $81M in cash and investments as of Dec. 31, 2022.
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Velo3D says Q4 revenue to exceed prior guidance, stock climbs ~7% after hours