Lake Street Remains Bullish on Velo3D, Inc. (VELO) Post Q1 Results Velo3D's latest quarterly results have sent its shares soaring, with a 48% year over year revenue increase. The company reported $13.
8 million in revenue and a gross margin of 17. 2%, numbers that are undeniably impressive. However, investors should not get ahead of themselves.
The growth can be attributed to an increase in the average selling price of its products, as well as a rise in revenue from recurring subscription services (RPS).