05:25 PM EDT, 03/26/2024 (MT Newswires) -- Velo3D ( VLD ) reported late Tuesday that its Q4 non-GAAP net loss widened to $0.29 per diluted share from $0.08 a year earlier.

Revenue for the quarter ended Dec. 31 was $1.8 million, compared with $29.8 million a year earlier.

Analysts estimates for the period were not available on Capital IQ for comparison.

The company said it expects fiscal year 2024 revenue of $80 million to $95 million. Two analysts in a Capital IQ poll expect $121.2 million.

Velo3D ( VLD ) shares tumbled nearly 31% in after-hours activity.

Price: 0.4, Change: -0.18, Percent Change: -30.93