Velo3D Inc (VLD) said after close Tuesday that it lost $0.29 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $1.8 million, missing estimates by $17.7 million.
In the same quarter a year ago, the company lost $0.08 per share on revenue of $29.8 million.
The stock is down 42.67% to $0.33 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
Wall Street Analysts had an average rating of Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Velo3D Inc a Bullish Sentiment Rank from InvestorsObserver.
Prior to the report, InvestorsObserver gave the stock an overall score of 47. Meanwhile, the average Wall Street analyst rated the stock a Buy.
Velo3D Inc provides an additive manufacturing (AM')
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Velo3D Inc Down 42.67% To $0.33 After Earnings Miss
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