Velo3D, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Investments

Investments

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Investments

Note 5. Investments

Available-for-sale Investments

The following table summarizes the Company’s available-for-sale (“AFS”) investments. These are classified as “Short-term investments” on the condensed consolidated balance sheets.


	June 30, 2024
	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value
	(In thousands)
Corporate bonds	$	701	$	—	$	(2	)	$	699
Total available-for-sale investments	$	701	$	—	$	(2	)	$	699


	December 31, 2023
	Amortized Cost		Gross Unrealized Gain		Gross Unrealized Loss			Fair Value
	(In thousands)
Corporate bonds	$	6,717	$	—	$	(96	)	$	6,621
Total available-for-sale investments	$	6,717	$	—	$	(96	)	$	6,621

The following table presents the breakdown of the AFS investments in an unrealized loss position as of June 30, 2024 and December 31, 2023, respectively.


	June 30, 2024					December 31, 2023
	Fair Value		Gross Unrealized Loss			Fair Value		Gross Unrealized Loss
	(In thousands)
Corporate bonds
Less than 12 months	$	—	$	—		$	—	$	—
12 months or longer		699		(2	)		6,621		(96	)
Total	$	699	$	(2	)	$	6,621	$	(96	)

There were no material realized gains or losses on AFS investments during the three and six months ended June 30, 2024 and June 30, 2023.

All remaining contractual maturities of AFS investments held at June 30, 2024 are as follows:


	Less than 12 months					Greater than 12 months
	Fair value		Gross unrealized losses			Fair value		Gross unrealized losses
	(In thousands)
Corporate bonds	$	699	$	(2	)	$	—	$	—
Total	$	699	$	(2	)	$	—	$	—

Actual maturities may differ from the contractual maturities because the Company may sell these investments prior to their contractual maturities.