Velo3D Inc. (NYSE:VLD) Q2 Earnings Conference Call August 9, 2022 5:00 PM ET

Company Participants

Bob Okunski - Head-IR

Benny Buller - CEO

Bill McCombe - CFO

Conference Call Participants

Brian Drab - William Blair

Troy Jensen - Lake Street Capital

Jim Ricchiuti - Needham and Company

Operator

Greetings and welcome to Velo3D reports Second Quarter Earnings Results Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] and please note that this conference is being recorded.

I will now turn the conference over to Bob Okunski, Vice President of Investor Relations of Velo3D. Thank you sir. I may begin.

Bob Okunski

Thanks John. I’d like to welcome everyone to our second quarter 2022 earnings conference call. On the call today, we will start out with comments from Benny Buller, CEO of Velo3D, who will provide a summary of the quarter, as well as an update on the key strategic priorities for the balance of 2022. Following Benny’s comments, Bill McCombe, our CFO, will then review our second quarter 2022 financial results and provide our guidance.

As a reminder, a replay of this call will be available later today on the Investor Relations page of our website. During today’s call, we will make forward-looking statements that are subject to various risks and uncertainties that are described in the Safe Harbor slide of today’s presentation, today’s press release as well as our 2021 10-K and Q1 2021 10-Q filings. Please see those documents for additional information regarding those factors that may affect these forward-looking statements.

Also, we will reference certain non-GAAP metrics during today’s call. Please refer to the appendix of our presentation, as well as today’s earnings press release for the appropriate GAAP to non-GAAP reconciliations. Finally, to enhance this call, we have posted a set of PowerPoint slides, which we will refer during the call on the Events & Presentations page of our Investor Relations website.

With that, I’d like to turn the call over to Benny Buller, CEO of Velo3D. Benny?

Benny Buller

Thank you Bob. And I’d like to welcome everyone to our second quarter earnings call. Please turn to Slide 4.

Before discussing our strong quarterly results, I want to put into context our success over the last six quarters. We firmly believe our industry leading growth is being driven by our innovation and product differentiation. Customers continue to look develop ready to produce the high value metal parts they need. As you can see from the chart, we have grown revenue by more than 15 times compared to the first quarter of 2021. This growth has been driven by increasing demand for our industry leading separate systems. There is a simple reason for that.