Metal 3D printing specialist Norsk Titanium says that its revenue for the second half of 2021 was US$5.3 million.

The company ended the period with a cash balance of US$22.9 million.

Revenue came from the sale of printed parts and grants from the Norwegian government.

“Although our largest opportunity continues to be in commercial aerospace structural parts, we capitalized on the slow-down in the commercial aerospace market to expand our reach to the defense sector and other industries, which has allowed us to further develop our product design capabilities,” said Michael J. Canario, CEO of Norsk Titanium.