NUBURU Activates U.S. Defense Manufacturing Infrastructure, Initiates Phase I Execution with Maddox Defense Mar 25, 2026 7:37 AM Eastern Daylight Time NUBURU Activates U.S. Defense Manufacturing Infrastructure, Initiates Phase I Execution with Maddox Defense Share Advances Scalable U.S. Drone and Additive Manufacturing Capabilities Aligned with Growing Defense and Counter-UAS Demand DENVER--(BUSINESS WIRE)--NUBURU, Inc. (NYSE American: BURU), a dual-use Defense & Security platform company focused on non-kin ...

Velo3D Announces Fourth Quarter and Full-Year 2025 Financial Results; Unveils Long-Term Capacity Plan Envisioning up to Approximately 400 Production Systems Accessibility StatementSkip Navigation FREMONT, Calif., March 24, 2026 /PRNewswire/ -- Velo3D, Inc. (Nasdaq: VELO) ("Velo3D" or the "Company"), a leader in additive manufacturing ("AM") technology known for transforming aerospace and defense supply chains through world-class metal AM, today announced financial results for its fourth quarter and full yea ...

ROCK HILL, S.C., March 23, 2026 (GLOBE NEWSWIRE) -- 3D Systems (NYSE: DDD) today announced the appointment of Phyllis Nordstrom as Executive Vice President and Chief Financial Officer, effective March 23, 2026. Ms. Nordstrom, who has served as Interim Chief Financial Officer since August 2025, will also continue in her role as Chief Administrative Officer, reporting directly to President and CEO Dr. Jeffrey Graves. Ms. Nordstrom's promotion reflects the company's strong confidence in her leadership and comm ...

Velo3D CEO Acquires and Converts Certain of the Company's Debt to Equity at $16.38 Per Share, a Significant Premium to Market Price; Company Eliminates 60% of Debt Outstanding in Total Accessibility Statement Skip NavigationFREMONT, Calif., March 11, 2026 /PRNewswire/ -- Velo 3D, Inc. (Nasdaq: VELO) ("Velo3D" or the "Company"), a leader in additive manufacturing ("AM") technology known for transforming aerospace and defense supply chains through world-class metal AM, today announced that Dr. Arun Jeldi, the ...

Core Viewpoint - Velo3D, a leader in additive manufacturing technology, is set to announce its fourth quarter and fiscal year 2025 financial results on March 24, 2026, highlighting its ongoing innovation in metal 3D printing for various industries [1]. Company Overview - Velo3D specializes in metal additive manufacturing, transforming aerospace and defense supply chains through advanced technology [1]. - The company has developed solutions that overcome limitations of legacy metal AM, allowing for the design and production of previously impossible metal parts [1]. - Velo3D's integrated solution includes Flow print preparation software, the Sapphire® family of printers, and the Assure quality control system, all powered by the Intelligent Fusion® manufacturing process [1]. Industry Impact - Velo3D's technology enables customers in sectors such as space exploration, aviation, power generation, energy, and semiconductors to innovate and create mission-critical components [1]. - The company has established partnerships with notable innovators like Honeywell, Honda, Chromalloy, and Lam Research, indicating its strong position in the market [1]. - Velo3D was recognized as one of Fast Company's Most Innovative Companies for 2024, underscoring its impact and leadership in the additive manufacturing industry [1].

Core Viewpoint - 3D Systems Corporation reported Q4 2025 results with revenue exceeding estimates but continued challenges in profitability, as adjusted losses were wider than expected [1][3]. Financial Performance - Q4 2025 revenue was $106.3 million, surpassing consensus estimates of approximately $98 million, although it represented a year-over-year decline [3]. - Adjusted EPS was -$0.13, missing estimates of around -$0.10 [3]. Valuation Metrics - The price-to-sales ratio is approximately 0.7, indicating the market values the company below its annual sales [2]. - The enterprise value to sales ratio stands at about 0.64, reflecting the company's valuation relative to its sales [2]. - The company has a debt-to-equity ratio of approximately 0.87, indicating a moderate level of debt [2]. - A current ratio of about 2.73 demonstrates strong liquidity, allowing the company to effectively cover its short-term liabilities [2][3].

Financial Data and Key Metrics Changes - Fourth quarter consolidated revenue was $106.3 million, an increase of 3% year-over-year, adjusting for Geomagic [32] - For the full year 2025, consolidated revenue was $387 million, a decline of 7% year-over-year when adjusting for the divestiture of Geomagic [36] - Non-GAAP gross margin for the fourth quarter was 31%, up 3% when adjusting for Geomagic, but down 2% when adjusting for both Geomagic and regenerative medicine [36] - Adjusted EBITDA for the fourth quarter was negative $5.3 million, an improvement of $17 million compared to the prior year when adjusting for Geomagic [38] Business Line Data and Key Metrics Changes - Industrial Solutions revenue was $55.8 million, an increase of 15% sequentially, driven by strength in aerospace and defense and higher new printer sales [34] - Healthcare Solutions revenue was $50.5 million, growing 18% sequentially, primarily due to strengthening dental material sales and positive performance in personalized health services [34] Market Data and Key Metrics Changes - Aerospace and defense revenue achieved 16% growth for the full year, with expectations of over 20% growth for 2026 [10] - The healthcare solutions segment became the largest healthcare segment, with over 18,000 personalized planning cases provided in 2025 [20] Company Strategy and Development Direction - The company is focusing on cost reduction while investing in key growth initiatives, particularly in aerospace and defense, personalized health services, and dental markets [5][20] - A major expansion of the U.S. facility in Littleton, Colorado, is underway to increase application development and production capacity [19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged global economic and geopolitical challenges but expressed confidence in the company's ability to balance cost reductions with R&D continuity [5] - The company anticipates continued growth in aerospace and defense, driven by increased demand for advanced manufacturing technologies [10][19] Other Important Information - The company completed the divestiture of its Geomagic software business on April 1, 2025, impacting revenue comparisons [31] - The company has maintained a sizable R&D budget for 2026, aligned with product investment priorities [73] Q&A Session Summary Question: How should operating expenses be viewed in Q1 compared to Q4? - Management indicated that Q1 is seasonally higher for spending, with slight increases expected in Q1 and Q2, followed by a drop in Q3 and Q4 [43] Question: What is the current revenue contribution from aerospace and defense? - Aerospace and defense is on track to be the largest industrial segment, with 16% year-over-year growth from 2024 to 2025 [45] Question: What drove the revenue upside in Q4? - The revenue upside was attributed to strong performance in aerospace and defense, healthcare parts, and new printer launches [52] Question: Is there an expectation for gross margin improvement in Q1? - Management anticipates gross margin improvement in Q1, driven by operational cost reductions and better pricing [59] Question: How is R&D spending expected to change going forward? - R&D spending is expected to decrease as the company has completed a significant refresh of its product lines, allowing for better operational management [70][73]

Financial Data and Key Metrics Changes - Fourth quarter consolidated revenue was $106.3 million, an increase of 3% year-over-year, adjusting for Geomagic [32] - For the full year 2025, consolidated revenue was $387 million, a decline of 7% year-over-year when adjusting for the divestiture of Geomagic [35] - Non-GAAP gross margin for the fourth quarter was 31%, up 3% when adjusting for Geomagic, but down 2% when adjusting for both Geomagic and regenerative medicine [36] - Adjusted EBITDA for the fourth quarter was negative $5.3 million, an improvement of $17 million compared to the prior year when adjusting for Geomagic [38] Business Line Data and Key Metrics Changes - Industrial Solutions revenue was $55.8 million, an increase of 15% sequentially, driven by strength in aerospace and defense and higher new printer sales [33] - Healthcare Solutions revenue was $50.5 million, growing 18% sequentially, primarily due to strengthening dental material sales and positive performance in personalized health services [33][34] - Aerospace and defense revenue achieved 16% growth for the full year, with expectations of over 20% growth for 2026 [11][19] Market Data and Key Metrics Changes - The aerospace and defense market is becoming the largest and fastest-growing segment within the industrial solutions business [11] - The healthcare segment, particularly personalized health services, realized double-digit growth in 2025, becoming the largest healthcare segment [20][21] - The dental market is expected to grow significantly due to the introduction of new technologies and products, with a potential annual recurring revenue opportunity of over $400 million globally for materials alone [27] Company Strategy and Development Direction - The company is focusing on key growth initiatives in aerospace and defense, personalized health services, and dental markets, leveraging additive manufacturing for mass customization [10][11][20] - The strategy includes maintaining R&D investments in high-value markets while reducing costs in lower-end applications [19] - A major expansion of the U.S. facility in Littleton, Colorado, is underway to increase application development and production capacity [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledges global economic and geopolitical challenges but remains optimistic about returning customer demand and growth in priority markets [5][33] - The company expects continued growth in aerospace and defense, with a strong pipeline of new applications in personalized health services [20][62] - Management is cautious about the consumer-oriented business due to potential volatility in discretionary spending [62] Other Important Information - The company completed the divestiture of its Geomagic software business on April 1, 2025, impacting revenue comparisons [31] - The founder and Chief Technology Officer, Chuck Hull, was recognized as one of America's top 250 greatest innovators by Forbes Magazine [29] Q&A Session Summary Question: How should operating expenses be viewed in Q1 compared to Q4? - Management indicated that Q1 is seasonally higher for operating expenses, with slight increases expected in Q1 and Q2, followed by a drop in Q3 and Q4 [43] Question: What is the current revenue contribution from aerospace and defense? - Aerospace and defense is on track to be the largest industrial segment, with 16% year-over-year growth and significant revenue from both printers and parts [45] Question: What drove the revenue upside in Q4? - The revenue upside was attributed to strong performance in aerospace and defense, healthcare parts, and new printer launches [52] Question: Is there an expectation for gross margin improvement from Q4 to Q1? - Management anticipates gross margin improvement in Q1, driven by operational cost reductions and better pricing [59] Question: How is R&D spending expected to change going forward? - R&D spending is expected to decrease as the company has refreshed its product lines, but it will remain significant to support new product launches [70][74]

Core Insights - Velo3D's Rapid Production Solutions (RPS) has enabled Intergalactic Space to expedite the production of IN718 microtube heat exchanger headers for an aviation program, meeting aggressive testing deadlines [1] - The components were manufactured using Velo3D's Sapphire XC platform, which is recognized for its high productivity in large-format IN718 printing [1] - The RPS model allows customers to transition from design to printed parts in a matter of weeks, significantly reducing development cycles and supporting rapid component testing [1] Company Overview - Velo3D is a leader in additive manufacturing technology, particularly in the aerospace and defense sectors, focusing on transforming supply chains through advanced metal AM [1] - The company provides a fully integrated solution that includes Flow pre-print software, Sapphire printers, and Assure quality assurance, facilitating a predictable pathway from concept to hardware delivery [1] - Velo3D's technology overcomes limitations of legacy metal AM, enabling the production of complex and high-value metal parts previously deemed impossible to manufacture [1] Production Capabilities - The Sapphire XC's non-contact recoater and advanced parameter sets allow for the production of parts with minimal internal support structures, enhancing design freedom [1] - The use of standard, production-ready Inconel 718 parameter sets eliminates the need for part-specific development, further accelerating time to first articles [1] - This production approach lays the groundwork for a scalable and distributed supply chain, allowing identical parts to be manufactured across multiple sites without specific development [1] Strategic Partnerships - Velo3D has established itself as a strategic partner to major innovators in various industries, including Honeywell, Honda, Chromalloy, and Lam Research [1] - The company has been recognized as one of Fast Company's Most Innovative Companies for 2024, highlighting its impact in the additive manufacturing space [1]

Financial Data and Key Metrics Changes - For Q4 2025, consolidated revenue was $140 million, down 6.9% year-over-year, with product revenue falling to $97.6 million from $105.1 million in the same period last year [20][21] - Adjusted EBITDA for Q4 was $9.2 million, equating to a 6.6% margin, compared to $14.5 million and 9.6% margin in Q4 2024 [26] - For the full year 2025, consolidated revenue was $561.1 million, down from $572.5 million in 2024, with a GAAP net loss of $104.3 million or $1.28 per diluted share, compared to a net loss of $120.3 million or $1.70 per diluted share in 2024 [21][27] Business Line Data and Key Metrics Changes - Manufacturing revenue accounted for 37.5% of total revenues in 2025, up from 36% in 2024 and over 25% in 2020, indicating a positive trend in this segment [5][6] - System revenue in Q4 was $37.8 million, an 18% increase sequentially from Q3, but down from $46.7 million year-over-year [20] - Consumables revenue in Q4 was $69.8 million, up 2.4% year-over-year, while service revenue was $42.4 million, down from $45.3 million in the same period last year [20][21] Market Data and Key Metrics Changes - Aerospace and defense remain the largest contributing sector, with significant partnerships, including a transformational collaboration with Airbus, which produced over 25,000 flight-ready parts last year [9][10] - The automotive sector showed strong momentum, with Subaru implementing new technology that reduced tooling development time by over 50% [11] - The company is seeing increased demand from non-traditional defense primes in unmanned and space sectors, indicating a broadening market reach [10] Company Strategy and Development Direction - The company focuses on additive manufacturing, targeting high-value applications in aerospace, defense, automotive, dental, and medical sectors, which are expected to drive future growth [7][8] - Strategic partnerships and innovations in workflow solutions are being prioritized to enhance customer engagement and operational efficiency [14][15] - The company aims to capitalize on megatrends such as supply chain localization, sustainability, and mass personalization, which align with the core trends of additive manufacturing [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's operational discipline and ability to generate positive cash flow despite macroeconomic challenges [5][18] - The outlook for 2026 anticipates revenue growth in the range of $565 million to $575 million, with expectations for sequential growth each quarter [30] - Management highlighted the importance of maintaining a strong balance sheet and operational efficiencies to support future profitability [8][29] Other Important Information - The company ended 2025 with $244.5 million in cash and equivalents and no debt, providing a stable financial foundation for growth [8][29] - Non-GAAP gross margin for Q4 was 46.3%, down from 49.6% year-over-year, attributed to tariff impacts and changes in revenue mix [22][23] Q&A Session Summary Question: Market size and growth outlook for aerospace and defense - Management noted that aerospace and defense is the largest vertical for the company, with significant growth opportunities driven by increased defense budgets and established customer relationships [38][39] Question: Guidance on FX and tariff impacts - Management clarified that the guidance includes current exchange rates and anticipated impacts from tariffs, with a focus on modeling results excluding these factors [42][44] Question: Demand trends and seasonality in Q1 - Management indicated that Q1 is typically the weakest quarter, but they expect sequential growth throughout the year, driven by new product launches and improved government and defense demand [51][53] Question: Material pricing and its impact on adoption - Management emphasized that while material pricing is a variable, the focus remains on high-value applications where the company holds a leadership position, and they expect higher utilization rates in production applications [61][65] Question: Follow-up on large tech company orders - Management stated they cannot disclose specific follow-up orders due to confidentiality but confirmed customer satisfaction with the solutions provided [70][71] Question: Revenue opportunity from new qualifications - Management indicated that the qualification process for new materials presents a large revenue opportunity, with timelines varying based on the class of parts [72]