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Velo3D (Velo3D) Operating Income : $-133.25 Mil (TTM As of Dec. 2023)


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What is Velo3D Operating Income?

Velo3D's Operating Income for the three months ended in Dec. 2023 was $-58.20 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-133.25 Mil.

Warning Sign:

Velo3D Inc has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Velo3D's Operating Income for the three months ended in Dec. 2023 was $-58.20 Mil. Velo3D's Revenue for the three months ended in Dec. 2023 was $1.69 Mil. Therefore, Velo3D's Operating Margin % for the quarter that ended in Dec. 2023 was -3,450.15%.

Velo3D's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Velo3D's annualized ROC % for the quarter that ended in Dec. 2023 was -194.84%. Velo3D's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -235.63%.


Velo3D Operating Income Historical Data

The historical data trend for Velo3D's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Velo3D Operating Income Chart

Velo3D Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Operating Income
-21.21 -57.76 -106.31 -133.25

Velo3D Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -23.95 -24.12 -25.71 -25.22 -58.20

Velo3D Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-133.25 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Velo3D  (NYSE:VLD) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Velo3D's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-232.816 * ( 1 - 0% )/( (136.371 + 102.605)/ 2 )
=-232.816/119.488
=-194.84 %

where

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Velo3D's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-201.172/( ( (36.05 + max(51.853, 0)) + (33.665 + max(49.185, 0)) )/ 2 )
=-201.172/( ( 87.903 + 82.85 )/ 2 )
=-201.172/85.3765
=-235.63 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(12.597 + 81.159 + 2.515) - (22.033 + 4.847 + 17.538)
=51.853

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(9.583 + 60.816 + 4) - (20.079 + 5.135 + 0)
=49.185

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Velo3D's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-58.204/1.687
=-3,450.15 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Velo3D Operating Income Related Terms

Thank you for viewing the detailed overview of Velo3D's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Velo3D (Velo3D) Business Description

Traded in Other Exchanges
N/A
Address
511 Division Street, Campbell, CA, USA, 95008
Velo3D Inc provides an additive manufacturing ("AM"), also referred to as three-dimensional printing ("3D printing"), to deliver breakthroughs in performance, cost, and lead time in the production of high-value metal parts. The Velo3D intelligent metal additive manufacturing solution is comprised of the Velo3D Flow intelligent print preparation software, the Sapphire production system, and Velo3D Assure, real-time quality assurance software. Its complete manufacturing solution enables clients to build the parts they need, speed their development, and reduce their product costs.
Executives
Benyamin Buller director, officer: Chief Executive Officer C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Bernard Chung other: Vice President, Finance C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Renette Youssef officer: Chief Marketing Officer C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
William D. Mccombe director, officer: Chief Financial Officer C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Adrian Keppler director C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Matthew Joseph Walters director, officer: Chief Executive Officer 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Ellen M Pawlikowski director 870 WINTER STREET, WALTHAM MA 02451
Michael Idelchik director C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Carl Bass director C/O AUTODESK INC, 111 MELNNIS PARKWAY, SAN RAFAEL CA 94903
Sven Strohband director C/O BERKSHIRE GREY, INC., 140 SOUTH ROAD, BEDFORD MA 01730
Playground Ventures, L.p. 10 percent owner 380 PORTAGE AVENUE, PALO ALTO CA 94306
Stefan Krause director PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Ricardo Angel director C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Jory Bell director C/O VELO3D, INC., 511 DIVISION STREET, CAMPBELL CA 95008
Piv Fund I, L.p. 10 percent owner C/O PIVA CAPITAL, INC., 4 EMBARCADERO CENTER, SUITE 3950, SAN FRANCISCO CA 94111