Also trades as: VLD (NYSE) · $vol 0M · VLD-WT (NYSE) · $vol 0M

$11.20

+0.73 (+6.97%)

Weekly Expected Move ±9.5%

$9 $10 $11 $12 $13

NASDAQ · Industrials · Industrial - Machinery · Tech Score Neutral · Power 41 · $333.8M mcap · 14M float · 20.80% daily turnover · Short 36% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

40.7 / 100

NoneWeakNarrowWide

Primary source: Switching Costs · ROIC: -66.0%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. VELO shows a Weak competitive edge (40.7/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Switching Costs. Negative ROIC of -66.0% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$18

Avg Target

$22

High

Based on 6 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 4Hold: 1Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$18.50

Analysts2

Consensus Change History

Date	Field	From	To
2025-12-30	_new_coverage	None	ADDED

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-08-04	Craig-Hallum	—	Initiated	$20	—	+75.7%	$11.38
2026-07-09	Cantor Fitzgerald	—	Initiated	$17	—	+18.5%	$14.34
2026-06-25	Needham	—	Initiated	$33	—	+82.8%	$18.05
2026-02-11	UBS	—	Initiated	$25	—	+86.0%	$13.44
2025-12-29	Lake Street	Jaeson Schmidt	$6	$18	+12	+43.7%	$12.53
2025-12-29	Loop Capital Markets	Jaeson Schmidt	Initiated	$18	—	+25.0%	$14.40
2025-10-01	Lake Street	Jaeson Schmidt	Initiated	$6	—	+79.8%	$3.34

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C-

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. VELO receives an overall rating of C-. Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), D/E (2/5), P/E (1/5), P/B (2/5).

Rating Change History

Date	From	To
2026-10-01	C	C-
2026-08-14	C-	C
2026-08-05	C+	C-
2026-06-23	C	C+
2026-06-08	C-	C
2026-05-26	C+	C-
2026-05-13	C-	C+
2026-05-12	C+	C-
2026-04-30	C	C+
2026-04-01	C+	C

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 46 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. VELO scores highest in Growth (88/100) and lowest in Profitability (6/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

2.64

Grey Zone

Piotroski F-Score

4/9

✗ ✗ ✓ ✗ ✓ ✓ ✗ ✓ ✗

Beneish M-Score

-0.89

Possible Manipulator

Ohlson O-Score

-5.84

Bankruptcy prob: 0.3%

Low Risk

Credit Rating

BB+

Score: 48.7/100

Trend: Improving

Earnings Quality

—

OCF/NI: 1.05x

Accruals: 1.9%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. VELO scores 2.64, placing it in the Grey Zone (safe > 2.99, distress < 1.81). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. VELO scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. VELO's score of -0.89 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. VELO's implied 0.3% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. VELO receives an estimated rating of BB+ (score: 48.7/100), with a improving trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-4.69x

PEG

-0.01x

P/S

5.80x

P/B

2.25x

P/FCF

-8.81x

P/OCF

—

EV/EBITDA

-12.85x

EV/Revenue

7.45x

EV/EBIT

-11.75x

EV/FCF

-7.31x

Earnings Yield

-9.81%

FCF Yield

-11.35%

Shareholder Yield

0.00%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. VELO currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

1.001

NI / EBT

Interest Burden

1.388

EBT / EBIT

EBIT Margin

-0.634

EBIT / Rev

Asset Turnover

0.413

Rev / Assets

Equity Multiplier

1.658

Assets / Equity

ROE

-60.3%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. VELO's ROE of -60.3% is driven by Asset Turnover (0.413), indicating efficient use of assets to generate revenue. A tax burden ratio of 1.00 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1430 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$11.20

Median 1Y

$0.44

5th Pctile

$0.01

95th Pctile

$14.20

Ann. Volatility

207.0%

Analyst Target

$18.50

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Hull Xu Financial ief Financial Officer	$375,202	$709,141	$1,097,163
Arun Jeldi Chief Executive Officer	$415,609	$664,343	$1,094,032
Michelle Sidwell Revenue evenue Officer	$368,125	$418,004	$1,086,819
Bradley Kreger Operating ief Operating Officer	$157,247	$602,815	$965,957
Bernard Chung Controller and Former Acting Chief Financial Officer	$147,049	$312,342	$466,745

CEO Pay Ratio

4:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $1,094,032

Avg Employee Cost (SGA/emp): $275,097

Employees: 134

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

134

+27.6% YoY

Revenue / Employee

$343,082

Rev: $45,973,000

Profit / Employee

$-532,552

NI: $-71,362,000

SGA / Employee

$275,097

Avg labor cost proxy

R&D / Employee

$79,500

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	4.0%	-62.8%	-1.2%	-1.4%	9.3%	-1.7%	-2.9%	-5.9%	-2.3%	-2.2%	-0.4%	-1.3%	-60.3%	-60.33%
ROA	1.4%	3.3%	4.7%	5.2%	3.6%	-10.9%	-27.3%	-43.6%	-86.0%	-71.3%	-0.1%	-57.6%	-36.4%	-36.38%
ROIC	0.4%	5.1%	9.1%	12.3%	-34.6%	-42.8%	-88.8%	-95.2%	-96.9%	-87.4%	-0.8%	-74.7%	-66.0%	-65.96%
ROCE	0.2%	0.2%	0.2%	0.2%	7.8%	-14.0%	-64.4%	-1.2%	-2.1%	-1.3%	-0.1%	-57.1%	-20.8%	-20.80%
Gross Margin	—	—	—	—	-28.0%	49.4%	-3.5%	7.5%	-11.7%	3.2%	-73.6%	17.2%	21.5%	21.50%
Operating Margin	—	—	—	—	-2.0%	-2.3%	-1.7%	-1.3%	-89.1%	-77.9%	-2.1%	-50.3%	-53.5%	-53.53%
Net Margin	—	—	—	—	-1.7%	-2.8%	-1.7%	-2.7%	-1.0%	-86.7%	-2.2%	-50.7%	-55.7%	-55.70%
EBITDA Margin	—	—	—	—	63.8%	-1.3%	-2.0%	-2.5%	-83.3%	-72.4%	-73.8%	-44.8%	-50.1%	-50.08%
FCF Margin	—	—	—	—	-87.0%	-56.6%	-39.4%	-60.5%	-44.7%	-48.6%	-65.3%	-72.5%	-1.0%	-1.02%
OCF Margin	—	—	—	—	-87.0%	-56.5%	-39.4%	-60.4%	-40.6%	-44.4%	-59.4%	-65.3%	-92.6%	-92.59%
ROE 3Y Avg	snapshot only													-1.37%
ROA 3Y Avg	snapshot only													-41.92%
ROIC Economic	snapshot only													-26.01%
Cash ROA	snapshot only													-26.63%
Cash ROIC	snapshot only													-90.96%
CROIC	snapshot only													-1.00%
NOPAT Margin	snapshot only													-67.14%
Pretax Margin	snapshot only													-88.02%
R&D / Revenue	snapshot only													23.66%
SGA / Revenue	snapshot only													61.86%
SBC / Revenue	snapshot only													12.87%

Valuation

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	326.81	222.51	25.93	60.37	3.72	-0.36	-0.20	-0.47	-1.20	-0.88	-3.17	-4.44	-10.19	-4.686
P/S Ratio	—	—	—	—	2.72	0.36	0.27	0.82	2.31	1.31	4.93	4.66	8.98	5.799
P/B Ratio	12.96	-139.82	-29.84	-82.79	0.54	0.19	0.22	1.01	4.69	2.13	0.01	4.56	3.53	2.251
P/FCF	-9311.53	-2765.14	-269.90	-616.86	-3.13	-0.63	-0.70	-1.36	-5.17	-2.69	-7.54	-6.42	-8.81	-8.809
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	326.41	492.53	43.82	95.26	6.20	349.66	-0.83	-1.15	-1.87	-1.21	630.21	-6.88	-12.85	-12.851
EV/Revenue	—	—	—	—	5.89	2.44	0.75	1.50	3.02	1.73	-706.53	4.68	7.45	7.451
EV/EBIT	2958.11	3483.42	568.93	1490.64	11.52	-6.85	-0.71	-1.06	-1.77	-1.16	591.43	-6.29	-11.75	-11.750
EV/FCF	-9438.51	-2763.97	-269.60	-616.56	-6.77	-4.31	-1.89	-2.49	-6.75	-3.55	1081.20	-6.45	-7.31	-7.310
Earnings Yield	0.3%	0.4%	3.9%	1.7%	26.9%	-2.8%	-5.1%	-2.1%	-83.1%	-1.1%	-31.5%	-22.5%	-9.8%	-9.81%
FCF Yield	-0.0%	-0.0%	-0.4%	-0.2%	-32.0%	-1.6%	-1.4%	-73.5%	-19.3%	-37.2%	-13.3%	-15.6%	-11.4%	-11.35%
Price/Tangible Book	snapshot only													3.527
EV/Gross Profit	snapshot only													1383.455
Shareholder Yield	snapshot only													0.00%

Leverage & Solvency

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	2.20	0.89	0.59	0.45	1.69	1.26	1.52	1.41	1.14	1.57	2.34	2.45	6.33	6.335
Quick Ratio	2.20	0.89	0.59	0.45	0.47	0.28	0.20	0.36	0.25	0.63	1.53	1.39	5.22	5.216
Debt/Equity	0.18	-0.00	-0.00	-0.00	0.69	1.16	0.40	0.96	1.48	1.08	0.17	0.35	0.02	0.022
Net Debt/Equity	0.18	—	—	—	0.63	1.12	0.37	0.84	1.44	0.69	-0.86	0.02	-0.60	-0.600
Debt/Assets	0.06	0.00	0.00	0.00	0.31	0.36	0.18	0.34	0.40	0.35	0.06	0.19	0.02	0.016
Debt/EBITDA	4.39	0.00	0.00	0.00	3.66	311.03	-0.57	-0.60	-0.45	-0.47	-122.33	-0.52	-0.10	-0.096
Net Debt/EBITDA	4.39	-0.21	-0.05	-0.05	3.34	298.42	-0.52	-0.52	-0.44	-0.30	634.60	-0.04	2.64	2.635
Interest Coverage	0.12	0.08	0.05	0.05	3.91	-0.56	-2.22	-3.28	-5.49	-19.11	-12.58	-9.32	-13.88	-13.878
Equity Multiplier	2.74	-18.91	-24.67	-26.23	2.24	3.19	2.25	2.78	3.65	3.11	2.76	1.79	1.37	1.366
Cash Ratio	snapshot only													3.698
Debt Service Coverage	snapshot only													-12.689
Cash to Debt	snapshot only													28.509
FCF to Debt	snapshot only													-18.351
Defensive Interval	snapshot only													827.9 days

Efficiency & Turnover

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.00	0.00	0.00	0.00	0.05	0.11	0.20	0.25	0.45	0.48	0.00	0.55	0.41	0.413
Inventory Turnover	—	—	—	—	0.44	0.56	1.22	1.70	0.84	1.03	0.00	1.51	1.74	1.735
Receivables Turnover	0.00	—	—	—	0.98	3.64	16.77	17.74	6.37	5.82	0.01	6.55	4.44	4.443
Payables Turnover	0.00	0.00	0.00	0.00	1.11	1.86	3.14	4.52	2.84	3.45	0.01	4.41	5.70	5.700
DSO	—	—	—	—	373	100	22	21	57	63	24877	56	82	82.1 days
DIO	—	—	—	—	820	649	299	215	436	355	92770	241	210	210.4 days
DPO	—	—	—	—	329	196	116	81	128	106	35283	83	64	64.0 days
Cash Conversion Cycle	—	—	—	—	864	553	204	155	365	312	82363	214	228	228.5 days
Fixed Asset Turnover	snapshot only													3.351
Operating Cycle	snapshot only													292.5 days
Cash Velocity	snapshot only													0.632
Capital Intensity	snapshot only													3.477

Growth (YoY)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	—	—	—	—	—	—	—	—	3.2%	1.6%	47.3%	24.5%	31.5%	31.52%
Net Income	—	—	—	—	72.7%	-3.4%	-5.1%	-6.8%	-12.1%	-2.9%	-63.5%	24.8%	39.6%	39.62%
EPS	—	—	—	—	6.7%	-2.4%	-2.8%	-1.2%	-1.4%	88.4%	91.6%	59.7%	71.2%	71.21%
FCF	—	—	—	—	-57.6%	-16.0%	-10.9%	-19.7%	-1.2%	-1.3%	-1.4%	-49.4%	-2.0%	-2.00%
EBITDA	—	—	—	—	1.2%	-96.3%	-5.4%	-7.9%	-8.2%	-539.6%	-83.3%	35.0%	52.8%	52.81%
Op. Income	—	—	—	—	-45.8%	-80.9%	-84.4%	-75.1%	-1.9%	-41.6%	10.2%	31.4%	24.0%	24.03%
OCF Growth	snapshot only													-2.00%
Asset Growth	snapshot only													1.55%
Equity Growth	snapshot only													5.80%
Debt Growth	snapshot only													-89.95%
Shares Change	snapshot only													1.10%

Growth (CAGR)

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
OCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-12.9%	-12.88%
Assets 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	9.9%	9.89%
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	-74.9%	-74.95%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	—	—	—	—	—	—	—	—	0.92	0.98	0.96	0.89	0.96	0.958
Earnings Stability	—	—	—	—	—	—	—	—	0.72	0.96	0.97	0.56	0.56	0.556
Margin Stability	—	—	—	—	—	—	—	—	—	—	—	—	0.00	0.000
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.500
FCF Positive Streak	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earnings Persistence	—	—	—	—	—	—	—	—	0.20	0.50	0.50	0.50	0.50	0.500
Earnings Smoothness	—	—	—	—	0.47	—	—	—	—	—	—	—	—	—
ROE Trend	—	—	—	—	—	—	—	—	-3.99	—	—	—	1.53	1.531
Gross Margin Trend	—	—	—	—	—	—	—	—	—	—	—	—	0.11	0.114
FCF Margin Trend	—	—	—	—	—	—	—	—	—	—	—	—	-0.36	-0.361
Sustainable Growth Rate	4.0%	—	—	—	9.3%	—	—	—	—	—	—	—	—	—
Internal Growth Rate	1.5%	3.4%	4.9%	5.5%	3.7%	—	—	—	—	—	—	—	—	—

Cash Flow Quality

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	-0.04	-0.08	-0.10	-0.10	-1.19	0.57	0.28	0.35	0.21	0.30	0.38	0.62	1.05	1.051
FCF/OCF	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.10	1.10	1.10	1.11	1.10	1.101
FCF/Net Income	snapshot only													1.157
CapEx/Revenue	—	—	—	—	0.0%	0.1%	0.0%	0.0%	4.1%	4.3%	5.9%	7.2%	9.3%	9.34%
CapEx/Depreciation	snapshot only													1.718
Accruals Ratio	0.01	0.04	0.05	0.06	0.08	-0.05	-0.20	-0.28	-0.68	-0.50	-0.00	-0.22	0.02	0.019
Sloan Accruals	snapshot only													0.877
Cash Flow Adequacy	snapshot only													-9.917

Dividends & Buybacks

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	—	—	—	—
FCF Payout Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	—	—	—	—
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	-25.4%	-1.2%	-32.1%	-10.6%	-14.0%	-8.9%	-8.6%	-15.4%	-15.39%
Total Shareholder Return	0.0%	0.0%	0.0%	0.0%	0.0%	-25.4%	-1.2%	-32.1%	-10.6%	-14.0%	-8.9%	-8.6%	-15.4%	-15.39%

DuPont Factors

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.99	1.37	1.23	1.18	1.34	1.01	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.001
Interest Burden (EBT/EBIT)	9.06	11.43	17.82	20.97	1.07	2.77	1.32	1.23	1.12	0.99	1.30	1.41	1.39	1.388
EBIT Margin	—	—	—	—	0.51	-0.36	-1.06	-1.41	-1.71	-1.49	-1.19	-0.74	-0.63	-0.634
Asset Turnover	0.00	0.00	0.00	0.00	0.05	0.11	0.20	0.25	0.45	0.48	0.00	0.55	0.41	0.413
Equity Multiplier	2.74	-18.91	-24.67	-26.23	2.58	15.21	10.56	13.43	2.65	3.16	2.76	2.18	1.66	1.658

Per Share

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$12.55	$21.97	$27.94	$34.26	$13.38	$-30.19	$-51.51	$-5.25	$-5.98	$-3.49	$-4.33	$-2.12	$-1.72	$-1.72
Book Value/Share	$316.46	$-34.96	$-24.28	$-24.98	$92.24	$56.31	$46.81	$2.45	$1.53	$1.44	$2314.33	$2.06	$4.98	$4.98
Tangible Book/Share	$316.46	$-34.96	$-24.28	$-24.98	$92.24	$56.31	$46.81	$2.45	$1.53	$1.44	$2314.33	$2.06	$4.98	$4.98
Revenue/Share	$0.00	$0.00	$0.00	$0.00	$18.31	$30.18	$36.84	$3.03	$3.12	$2.35	$2.79	$2.02	$1.95	$1.95
FCF/Share	$-0.44	$-1.77	$-2.68	$-3.35	$-15.93	$-17.09	$-14.53	$-1.83	$-1.39	$-1.14	$-1.82	$-1.46	$-1.99	$-1.99
OCF/Share	$-0.44	$-1.77	$-2.68	$-3.35	$-15.93	$-17.06	$-14.52	$-1.83	$-1.26	$-1.04	$-1.66	$-1.32	$-1.81	$-1.81
Cash/Share	$0.00	$2.07	$0.80	$1.03	$5.59	$2.66	$1.43	$0.29	$0.06	$0.57	$2366.31	$0.66	$3.10	$3.10
EBITDA/Share	$12.73	$9.92	$16.52	$21.70	$17.39	$0.21	$-33.18	$-3.94	$-5.04	$-3.34	$-3.13	$-1.37	$-1.13	$-1.13
Debt/Share	$55.92	$0.00	$0.00	$0.00	$63.60	$65.54	$18.79	$2.35	$2.27	$1.56	$382.43	$0.71	$0.11	$0.11
Net Debt/Share	$55.91	$-2.07	$-0.80	$-1.03	$58.01	$62.89	$17.36	$2.06	$2.20	$0.99	$-1983.88	$0.05	$-2.99	$-2.99

Academic Models

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	2.645
Altman Z-Prime	snapshot only													4.792
Piotroski F-Score	2	2	2	2	3	3	3	3	3	4	4	6	4	4
Beneish M-Score	—	—	—	—	—	—	—	—	-6.19	3.28	1821.41	-2.27	-0.89	-0.894
Ohlson O-Score	snapshot only													-5.836
ROIC (Greenblatt)	snapshot only													-24.55%
Net-Net WC	snapshot only													$3.48
EVA	snapshot only													$-44504420.00

Credit

Metric	Q4'21	Q1'22	Q2'22	Q3'22	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only													BB+
Credit Score	53.11	20.00	20.00	20.00	28.67	9.79	21.17	18.61	16.02	19.81	27.65	25.80	48.74	48.742
Credit Grade	snapshot only													11
Credit Trend	snapshot only													32.718
Implied Spread (bps)	snapshot only													400.000
Industry Credit Rank	snapshot only													30
Sector Credit Rank	snapshot only													38

VELO NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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