Velo3D Inc ( VELO ) shares are retreating Wednesday morning. This move follows the company’s fourth-quarter and full-year 2025 financial results released Tuesday.

Velo3D ( VELO ) reported fourth-quarter revenue of $9.44 million. This surpassed estimates of $8.68 million. The company posted an adjusted loss of 54 cents per share. This was slightly better than the 56-cent loss analysts expected.

3D printer and parts revenue decreased 5% year-over-year. Management cited product mix and system sales volume for the dip. System sales remain the primary 2026 revenue driver.

Growth Plans

The company's backlog reached $31 million by year-end. CEO Arun Jeldi noted a “record for bookings” in the quarter.

Jeldi envisions a plan for 400 production systems over the next decade. This plan remains “subject to securing additional financing.”

Short Interest Data

Benzinga data shows short interest in Velo3D ( VELO ) recently decreased. It fell from 2.55 million to 2.31 million shares. Currently, 18.86% of the company’s publicly available shares are held short. It would take approximately 1.08 days for short sellers to cover their positions.

Technical Analysis

VELO is trading 1.6% below its 20-day simple moving average (SMA) and 11.2% above its 100-day SMA, a split that suggests short-term pressure while the longer-term uptrend is still technically intact.

Shares are up 302.38% over the past 12 months, and the stock is sitting closer to the middle of its 52-week range of $2.81 to $23.84 than to either extreme.

The RSI is at 51.41, which sits in neutral territory. Meanwhile, MACD is bullish with the MACD line at 0.2827 above the signal line at 0.2287.

Key Resistance: $13.50

Key Support: $12.50

VELO Stock Price Activity: Velo3D ( VELO ) shares were down 7.54% at $12.50 during premarket trading on Wednesday, according to Benzinga Pro data.