Velo3D Inc (VLD)

[XFundManager]

Profitability is on track for 2023. The company is growing faster than what they expected.

https://www.sec.gov/Archives/edgar/data/1825079/000110465921040078/tm2110566d1_ex99-2.htm

The philosophy of the CEO is too under promise and always over deliver. There will be no need for for another equity round until the stock returns to higher levels possible over $15.00.

They have 3 revolving credits for over 100 million, Elon Musk financing and improving margins that will close the gap on cash burn.

The CEO already hinted that expansion into Europe will yield results bigger than the USA. Many new contracts have been secured but CEO refused to name companies involved until Q4.

Company is also heavily expanding into complimentary ventures like Plasmos. This will expand the companies revenue streams with a umbrella of subsidiaries like investing into a ETF.

Lastly the CEO turned down an offer from Elon Musk reported to be close to 1 billion prior to going public. Instead Elon took a minority stake in the company. CEO of VLD did this because he said the company will be worth as much as Tesla one day and Elon Musk seems to agree.

There is also the possibility that Elon Musk could merge VLD into either Tesla or SpaceX in the future.

In my opinion we are sitting on the next Tesla, SpaceX and Amazon in the making !

By 2030 there is no reason why this can't be a $2300.00 stock if the CEO hits all his targets which so far he is exceeding.