Velo3D(VLD) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Velo3D Announces Second Quarter 2024 Financial Results Continued Focus on Realignment Priorities Company Institutes Additional Cost Reduction Programs Strategic Review Process Remains Ongoing • Q2 2024 sales update • 2024 year to date bookings of $21 million; >40% of orders from existing customers • $17 million in backlog exiting Q2 2024 • Continued defense sector expansion – >20% of 1H'24 shipments • Reduced quarterly operating expenses • Down 37% year over year • Instituted additional cost co ...