Velo3D (NYSE: VLD) announced results for its third quarter and trimmed its full-year 2022 revenue guidance to between $75 million and $80 million compared to its previous guidance of $89 million. The metal 3D printer manufacturer’s new outlook takes into account shipment delays on third-quarter revenues, continuing supply chain risks in the last quarter of the year, and potential production timing risks of Velo3D’s new large-format printer, the Sapphire XC 1MZ.
Supply Chain Issues Impact Metal 3D Printer Shipments
For the fiscal third quarter, total revenue grew 119% year over year to $19.1 million but missed expectations. Velo3D CEO Benny Buller told analysts that the last quarter’s revenue was “below planned,” as supply chain disruptions limited the availability of certain key system components, especially system-level electronics.
Buller also added that once the…
