Velo3D(VLD) - 2025 Q1 - Quarterly Results

Exhibit 99.1 Velo3D Announces First Quarter 2025 Financial Results • Revenue of $9.3 million • Gross margin of 7.5% • Backlog of $18 million as of March 31, 2025 • Reaffirms expectation for 2025 annual revenue growth of more than 30% • Reaffirms expectation to be EBITDA positive in the first half of 2026 • Demand mix shift to Rapid Production Services (RPS) underway • RPS backlog increased 3x as compared to year-end 2024 • New customers represented more than 75% of 1Q'25 bookings • 50% demand from defense s ...