Core Viewpoint - The shift from IFRS to GAAP accounting standards by Nano Dimension is perceived positively by investors, leading to a nearly 3% increase in share price despite the company's ongoing losses [1][5]. Group 1: Accounting Change - Nano Dimension transitioned from International Financial Reporting Standards (IFRS) to Generally Accepted Accounting Principles (GAAP), aligning its financials with major U.S. companies [2]. - The company published its 2024 annual results under GAAP, with revenue reported at under $57.8 million, consistent with IFRS figures [4]. Group 2: Financial Performance - The net loss for 2024 was reported at just under $99.9 million under GAAP, compared to a $96.9 million loss under IFRS, indicating a slightly steeper loss under the new accounting standard [5]. - No significant changes in line items raised concerns about the company's performance, reinforcing the positive market sentiment regarding the accounting shift [5].

Core Insights - Amaero Ltd reported a significant increase in revenues, with revenues from ordinary activities up 470% and revenues from contracts with customers from continuing operations up 722%, reaching A$3.8 million for the financial year ending June 30, 2025 [1] Company Overview - Amaero Ltd is a leading U.S. domestic producer of high-value refractory and titanium alloy powders for additive and advanced manufacturing, primarily serving the defense, space, and aviation industries [31] - The company aims to address gaps in the U.S. manufacturing ecosystem by providing large near-net-shape components as alternatives to traditional castings and forgings [3] Operational Milestones - In FY2025, Amaero expanded its manufacturing capabilities by commissioning its second Electrode Induction Melting Inert Gas Atomizer (EIGA Premium) in June 2025, enhancing its production capacity for C103 and titanium alloy powders [4] - A significant A$28 million infrastructure improvement project was completed at the Tennessee facility, achieving AS9100D accreditation for both metal powder production and Powder Metallurgy Hot Isostatic Pressing (PM-HIP) [7] Commercialization Progress - FY2025 marked the transition into initial commercial operations, with a record revenue of A$1.5 million in the June 2025 quarter, driven by strong powder sales and increasing PM-HIP orders [9] - A five-year exclusive supply agreement was executed with Velo3D, estimated to generate A$35 million in revenue, with initial orders to be shipped in Q1 FY2026 [10][11] Financial Stewardship - The capital position improved significantly during FY2025, with a completed A$22 million institutional placement and a US$22.8 million equipment financing loan from the Export-Import Bank of the United States [14][15] - Amaero ended FY2025 with A$19.2 million in cash and A$50.7 million in tangible assets, fully funded for its three-year capital plan through FY2026 [17] Leadership and Governance - The leadership team was strengthened with the promotion of Michael "Mick" Maher to Chief Strategy and Commercial Officer and the appointment of Brett Paduch as Chief Financial Officer [19][20] - Alistair Cray was appointed as Non-Executive Director, enhancing the Board's depth in strategy and governance [21] Industry Outlook - The company is positioned to benefit from increased defense spending, geopolitical risks, and onshoring initiatives, creating a favorable environment for U.S.-based production of advanced materials [22] - Amaero expects a significant revenue increase in FY2026, with contracted revenue for the first half of FY2026 already at approximately 80% of planned revenue [24]

Financial Data and Key Metrics Changes - Consolidated revenue for Q2 2025 was $138.1 million, slightly higher than Q2 2024, reflecting ongoing customer deferral of major capital spending due to market uncertainty [21] - GAAP gross margin was 43.1%, down from 43.8% in the same period last year, while non-GAAP gross margin was 47.7%, down from 49% [22] - GAAP operating loss for the quarter was $16.6 million, an improvement from a loss of $26 million in the same period last year, while non-GAAP operating income was $1.1 million compared to a loss of $3.2 million [23][24] - Cash flow used in operating activities was $1.1 million, an improvement from $2.4 million in Q2 2024, with an expectation of positive operating cash flow for the full year 2025 [24] Business Line Data and Key Metrics Changes - Product revenue was $94.8 million, up from $93.6 million in the same period last year, while service revenue was $43.3 million, down from $44.4 million [21] - Within product revenue, system revenue increased to $30.6 million from $29 million, and consumables revenue was $64.2 million, slightly down from $64.6 million but up 2.6% sequentially [21] Market Data and Key Metrics Changes - Customer engagement remains strong despite macroeconomic challenges, with ongoing investment in R&D and new technology offerings [6][20] - The company launched the North American Stratasys Tooling Center to help manufacturers validate and scale additive manufacturing applications [9] Company Strategy and Development Direction - The long-term growth strategy focuses on capturing opportunities in high-growth sectors influenced by megatrends such as supply chain localization and sustainability [7][8] - The company emphasizes innovation and execution, aiming to solidify its leadership in digital manufacturing as market dynamics stabilize [6][30] Management's Comments on Operating Environment and Future Outlook - Management noted that customer spending remains challenged, impacting near-term business views, but the long-term outlook remains positive [19][20] - The return to normalized capital spending has been delayed, with expectations for significant opportunities in production applications to close potentially moving into 2026 [25][26] Other Important Information - The company ended the quarter with $254.6 million in cash and equivalents, bolstered by a $120 million investment [25] - New material offerings include P3 Silicon 25A, designed for the Stratasys Origin DLP platform, enhancing capabilities in industrial 3D printing [16] Q&A Session Summary Question: Can you clarify which specific verticals or regions are seeing the most pronounced slowdown or delays? - Management clarified that there is no slowdown, only delays, particularly in larger production application deals which have longer sales cycles [32][34] Question: What assumptions are baked into the fourth quarter adjusted EBITDA margin? - The guidance for Q4 is largely based on cost monitoring and reductions, with no large deals factored into the model [39][40] Question: What is impacting the gross margin? - Gross margin changes are attributed to sales mix changes, inventory absorption issues, and tariff impacts [43][46] Question: Can you elaborate on the Nexa asset acquisition? - The acquisition included valuable IP and R&D knowledge, positioning the company stronger in key use cases [56][59] Question: Do you anticipate additional partnerships with other vehicle OEMs? - Management expressed optimism about expanding partnerships, leveraging proven use cases from collaborations with GM and Toyota [72][74]

As filed with the Securities and Exchange Commission on August 6, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Velo3D, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 3559 98-1556965 (I.R.S. Employer Identification Number) 2710 Lakeview Court Fremont, ...

Core Viewpoint - 3D Systems is set to release its financial results for the second quarter of 2025 on August 11, 2025, after U.S. stock markets close, followed by a conference call on August 12, 2025, at 8:30 a.m. Eastern Time [1][2]. Group 1 - The financial results will be discussed in a conference call and webcast, which can be accessed via the company's investor relations website [2]. - The company has a long history of nearly 40 years in the 3D printing and additive manufacturing industry, founded by Chuck Hull [3]. - 3D Systems provides industry-leading 3D printing technologies, materials, and software across various high-value markets, including medical, aerospace, and AI infrastructure [3].

Company Overview - PyroGenesis Inc. is a high-tech company specializing in advanced all-electric plasma processes and sustainable solutions for heavy industry, focusing on energy transition, emission reduction, commodity security, and waste remediation [1][9] - The company is the inventor of the plasma atomization process and has developed a patented NexGen system, which is considered the gold standard for metal powder production in additive manufacturing [6][9] Recent Developments - PyroGenesis has received its first commercial order for Ti64 "coarse" cut titanium metal powder from a European engineering and material science firm, following successful testing of samples [2][4] - The titanium powder has been produced and is scheduled for shipment to the customer in the coming weeks [2] Market Context - The metal 3D printing market in Europe is projected to reach a revenue of US$11.2 billion by 2030, with a compound annual growth rate of 24.8% from 2024 to 2030 [7] - Europe is a key hub for manufacturing in sectors such as automotive, aerospace, machinery, and electronics, which are expected to drive demand for advanced metal powders [7] Strategic Importance - The development of high-quality titanium metal powders is part of PyroGenesis' three-vertical solution ecosystem, which includes Commodity Security & Optimization, Energy Transition and Emission Reduction, and Waste Remediation [8] - Titanium has been identified as a critical mineral by the Canadian government, highlighting its importance in the industry [8]

Core Viewpoint - Amaero Ltd has entered a technical development collaboration with Auburn University's National Center for Additive Manufacturing Excellence (NCAME) to enhance its additive manufacturing capabilities and meet industry standards for its C103 and Ti64 powders [1][2][4]. Group 1: Collaboration and Testing - The collaboration will utilize Amaero's advanced gas atomisation technology alongside NCAME's expertise in additive manufacturing for ongoing powder characterisation and improvement [2]. - Recent tests by NCAME confirmed that materials printed with Amaero's C103 powder meet ASTM F3635, Class B standards, and Ti64 powder conforms to AMS7015 and ASTM F3001 international standards [3]. Group 2: Business Impact - The successful testing and certification have led to initial purchase orders from Velo3D, including 500 kg of C103 and 500 kg of Ti64 powder, both scheduled for shipment in Q1 FY2026 [4]. - The collaboration is expected to support critical projects in the aerospace and defense industries, with 1000 kg of Niobium C103 and Titanium powder set to arrive at Velo3D's production floor in Q3 CY2025 [8]. Group 3: Company Overview - Amaero Ltd is a leading U.S. producer of high-value refractory and titanium alloy powders for advanced manufacturing in defense, space, and aviation sectors [9][10]. - The company employs advanced gas atomisation technology, achieving industry-leading yields of additive manufacturing powder, and is also a leader in Powder Metallurgy Hot Isostatic Pressing (PM-HIP) manufacturing [10].

Core Insights - The 2025 Additive Manufacturing Competition, co-sponsored by SME and Stratasys, showcased the talents of students in additive manufacturing technologies during the SkillsUSA National Leadership and Skills Conference [2][4] - The competition aimed to educate students about additive manufacturing while providing hands-on experience applicable to real-world products [4][5] - This year marked the introduction of middle school students to the competition, expanding its reach to younger participants [7] Competition Overview - A total of 100 students from 39 states participated, representing three middle schools, 34 high schools, and 13 post-secondary institutions [4] - Nearly 500 parts were printed using Stratasys 3D printers during the three-day event [4] - The competition challenged students to design and prototype electric vehicles using additive manufacturing, focusing on sustainable transportation [8] Awards and Recognition - Winning teams received gold, silver, and bronze medals along with scholarships of $1,500, $1,000, and $500 from the SME Education Foundation [9] - Gold and silver medalists were awarded professional-grade Prusa MK3S 3D printer kits, while bronze medalists received mini 3D printers [9] - Middle school winners received UltiMaker Sketch 3D printers and all participants received gift bags related to additive manufacturing [10] Certification and Skills Development - 94 students took the Additive Manufacturing Fundamentals Certification Exam, with a pass rate of 67% [13] - Each student received a bundle of 20 Tooling U-SME classes valued at nearly $400 to prepare for the exam [13] - The competition emphasizes critical thinking, creativity, and technical skills, preparing students for careers in manufacturing [14] Industry Impact - The partnership between SME and Stratasys aims to invest in the future of additive manufacturing and foster innovation among students [13] - The competition serves as a platform for students to engage with cutting-edge tools and real-world challenges in manufacturing [5][14] - The involvement of industry leaders like Autodesk, SolidWorks, and UltiMaker highlights the collaborative effort to enhance education in advanced manufacturing [2][5]

Core Insights - 3D Systems is collaborating with Penn State University and Arizona State University on NASA-sponsored projects to develop advanced thermal management solutions for spacecraft [1][5][6] - The projects focus on creating lightweight, efficient heat pipe radiators using additive manufacturing technologies, specifically targeting next-generation satellites and space exploration [1][2][6] Group 1: Project Details - The collaboration has led to the development of titanium heat pipe radiators that are 50% lighter and can operate at temperatures of 230°C, enhancing heat transfer efficiency for space applications [2][5] - A significant innovation includes the creation of a passive shape memory alloy (SMA) radiator using nitinol, which has a projected deployed-to-stowed area ratio 6 times larger than current solutions, allowing for more efficient use of space in CubeSats [1][3][5] Group 2: Technological Advancements - The use of Oqton's 3DXpert® software has enabled the embedding of a porous network within heat pipes, streamlining the manufacturing process and improving performance [2][3] - The passive SMA radiator can be deployed without motors, relying on heat from fluid inside, which simplifies the design and reduces potential points of failure in space [3][4] Group 3: Market Potential - The total addressable market for additive manufacturing in space applications is projected to reach nearly $4 billion by 2030, indicating significant growth opportunities for 3D Systems [5][6] - The global market for additive manufacturing in the aerospace industry was estimated at $1.2 billion in 2023 and is expected to grow to $3.8 billion by 2030, highlighting the increasing adoption of these technologies [6]

Core Viewpoint - PyroGenesis Inc. has achieved official supplier status with Boeing for its NexGen™ titanium metal powder, specifically the Ti64 "coarse" metal powder, which is now qualified for use in additive manufacturing [1][2][5] Group 1: Company Achievements - The qualification of PyroGenesis' Ti64 metal powder is a result of years of design and engineering work, showcasing the effectiveness of the NexGen™ plasma atomization process [2][5] - PyroGenesis is recognized as the inventor of the plasma atomization process and has developed a patented upgrade that is considered the gold standard for metal powder production in additive manufacturing [5][6] Group 2: Industry Context - The development of high-quality titanium metal powders aligns with global economic drivers in heavy industry, particularly in the context of commodity security and optimization [6] - Titanium has been identified as a critical mineral by the Canadian government, emphasizing its importance in the industry [6]