Slide 1: Fourth Quarter 2024 Supplementary Slides
Fourth Quarter 2024 Supplementary Slides March 31, 2025 New
Slide 2: Disclaimer: Forward Looking Statement
Confidential & Proprietary | Disclaimer Forward Looking Statement This presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1996. The company’s actual results may differ from its expectations, estimat
Slide 3: Velo: A Compelling Investment Thesis
Velo: A Compelling Investment Thesis Highly Attractive Business Model 1 2 Accelerating Industry Tailwinds 3 Targeted Go-to-Market Strategy 4 Robust Growth Trajectory 5 Improved Financial Position 6 Clear Path to Profitability Velo is a proven leader in scalable metal 3D printing technology for produ
Slide 4: Strategic rationale of transaction
Technology leadership Marquee customer base serving critical industries Complementary technology & products U.S. based company aligns with re-shoring trend Expands market opportunity Cost synergies + Business combination with Arrayed Additive expands market opportunities, provides production scale a
Slide 5: Highly Attractive Business Model: Part Printing (RPS)
Highly Attractive Business Model Part Printing (RPS) – Delivering Production Solutions Rapid Production Solutions Overview Expands addressable market – growing demand for high-quality parts Accelerates path to production – concept / design to printed parts Leverages in-house technology expertise for
Slide 6: Multiple revenue streams reduces business model risk
Multiple revenue streams reduces business model risk Highly Attractive Business Model RPS Demand to Drive Long Term Revenue Growth 1. Rapid Production Solutions (RPS) Accelerate customer time to market via hosted systems Scale applications to part production at high gross margin 2. System Sales Vert
Slide 7: Accelerating Industry Tailwinds: Geopolitics Necessitate a Domestic Supply Chain
Accelerating Industry Tailwinds Geopolitics Necessitate a Domestic Supply Chain Confidential & Proprietary Key drivers of reshoring: Global Uncertainty: trade tensions, conflicts and shifting alliances threaten supply chain stability Government Policies and Incentives: tariffs, subsidies and trade r
Slide 8: Accelerating Industry Tailwinds: Capitalizing on Market Demands
Accelerating AM Adoption Total solution approach / RPS Domestic Supply Chain Only US based AM company Scale / Repeatability Velo3D Golden File Ability to Print Complex Parts Only company able to print the most complex geometries Technology Leadership Velo3D developed, closed eco-system Accelerating
Slide 9: Targeted Go-to-Market Strategy
Targeted Go-to-Market Strategy Focus on Key Markets with Demonstrated Demand Defense industrial base must scale quickly - PRC, Russia Process needs to be repeatable – Golden File capability Onshoring – only US based 3D co Additive key to critical technologies USAF Navy Subs Hypersonics / Propulsion
Slide 10: Robust Growth Trajectory: Significant Customer Traction
Robust Growth Trajectory Significant Customer Traction Large Space OEM: Q1 production order. Leveraging production capability to fill demand for critical parts Large Defense Prime - Critical Engine Components Leveraging Velo’s system size and geometric capabilities. Unattainable with competitive AM
Slide 11: Pursuing Partnerships with Local Governments for Expansion
Robust Growth Trajectory Pursuing Partnerships with Local Governments for Expansion Location: In discussion Multiple state / county sites in competition Focusing on manufacturing and technology hubs Strategically located to major cities with significant infrastructure already in place Strong local g
Slide 12: A Clear Path to Profitability
Launched Rapid Production Solutions (RPS) – parts production Focused on higher ASP system sales / profitable customer service >30% revenue growth in 2025 Expect to achieve positive EBITDA in 1H 2026 1 Implementing new business model 2 Improving efficiency 3 Executing growth strategy Right-sized comp
Slide 13: Financials Overview
Confidential & Proprietary | Financials Overview New
Slide 14: Financial Summary
Financial Summary Reconciliations to U.S. generally accepted accounting principles (GAAP) financial measures are presented under “Non-GAAP Financial Information.” Non-GAAP Operating Expenses excludes stock-based compensation. Adjusted EBITDA excludes interest expense, tax expense, depreciation and a
Slide 15: 2025 Outlook
2023 Outlook * Q423 / FY 2023 gross margin ranges excludes impact from non-recurring charges 2025 Outlook FY 2025 Guidance Revenue: $50 - $60M - >30% annual growth Gross margin: >30% exiting 2025 Non-GAAP Opex: $40 - $50M* Capex: $15 - $20M Expect to achieve EBITDA profitability 1H 2026* * The Compa
Slide 16: Thank You!
Thank You! March 31, 2025
Slide 17: Disclaimer: Non-GAAP Financial Information
Disclaimer Non-GAAP Financial Information The Company uses non-GAAP financial measures, such as Non-GAAP / Adjusted operating expenses, EBITDA, Adjusted EBITDA, Adjusted EBITDA excluding merger related transactional costs, loss on convertible note modification, and Non-GAAP net (loss), to help it ma
Slide 18: Non-GAAP Reconciliation - Non-GAAP Operating Expenses
Non-GAAP Reconciliation - Non-GAAP Operating Expenses (Unaudited) Three months ended Year ended December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 (In thousands, except for percentages) % of Rev % of Rev % of Rev % of Rev Revenue $ 12,626 100.0 % $ 2,455 100.0 % $ 41,003 100.0 %
Slide 19: Non-GAAP Reconciliation - Adjusted EBITDA
Non-GAAP Reconciliation - Adjusted EBITDA (Unaudited) Three months ended Year ended December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 (In thousands, except for percentages) % of Rev % of Rev % of Rev % of Rev Revenue $ 12,626 100.0 % $ 2,455 100.0 % $ 41,003 100.0 % $ 77,443 10
Slide 20: Non-GAAP Reconciliation - Non-GAAP Net Loss
Non-GAAP Reconciliation - Non-GAAP Net Loss (Unaudited) Three months ended Year ended December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 (In thousands, except for percentages) % of Rev % of Rev % of Rev % of Rev Revenue $ 12,626 100.0 % $ 2,455 100.0 % $ 41,003 100.0 % $ 77,443