$11.5 Million Defense Contract and Insider Buys Boost Velo3D Ahead of Earnings
Velo3D secured an $11.5 million multi-year defense contract using its Rapid Production Solution and laser powder bed fusion platforms. Director Jason Michael Lloyd bought 7,000 shares at about $3.91 as shares trade 30% below their 20-day SMA ahead of March 2 earnings projected at –$0.56 EPS on $8.68 million revenue.
1. Defense Contract Award
Velo3D secured an $11.5 million multi-year full-rate production contract with a major U.S. defense contractor to deliver 3D-printed high-performance components using its Rapid Production Solution and industrial-scale laser powder bed fusion platforms. The agreement aims to accelerate part delivery and reduce manufacturing costs compared with traditional methods.
2. Insider Activity Strengthens Confidence
Director Jason Michael Lloyd purchased 7,000 shares at an average price of $3.91 in the fourth quarter, raising his total stake to 13,376 shares. CEO Arun Jeldi also received 12,583 shares through a scheduled vesting event, increasing his directly held position to 37,746 shares.
3. Technical Indicators Show Bearish Short-Term Trend
Shares are trading approximately 30.3% below their 20-day simple moving average and 33.2% below the 50-day SMA, indicating short-term bearish momentum. However, the stock sits just 1.3% below its 100-day SMA after a 178% year-over-year gain, with an RSI of 38.03 and MACD at -1.2657 signaling ongoing downward pressure.
4. Upcoming Earnings Expectations
Velo3D is set to report fourth-quarter results on March 2 with estimates forecasting a loss of $0.56 per share on $8.68 million in revenue. Investors will be watching guidance updates and contract progress to gauge recovery prospects.