Analysts Slash Velo3D Q1 Loss Estimates by 13% Ahead of Earnings
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Velo3D is expected to report a loss of 48 cents per share and revenue of $9.85 million for the quarter ending March 31, 2026. This earnings preview is significant as the mean analyst estimate for the loss has deteriorated by 13% over the last three months. This news reinforces the negative financial outlook for the company, which recently disclosed substantial doubt about its ability to continue as a going concern in its 10-K for the same period. The company also recently completed a $50 million direct offering to raise capital. Traders will be closely watching the actual earnings release on May 12 for any deviation from these lowered expectations, especially given the company's precarious financial position.
At the time of this announcement, VELO was trading at $13.37 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $400.9M. The 52-week trading range was $2.81 to $23.84. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.