Sigma Labs has reported Q1 2021 revenue increasing by more than 100% over both Q1 2020 and Q4 2020, to US$458,140.
Gross profit for the same period was US$329,809, compared to minus US$22,973 in the first quarter of 2020, and total operating expenses for Q1 2021 were US$1.8 million, up from US$1.6 million for the same period in 2020.
‘We are increasingly seeing upticks of activity in the 3D metal printing market, resulting in several new contracts for initial systems,’ said Mark K Ruport, president and CEO. ‘For the remainder of the year, we are continuing along our roadmap to focus on new markets and opportunities, including aerospace, space exploration and defense. […] The outlook for the additive manufacturing industry in 2021 appears robust, with increasing demand predicted by Statista and others as 3D metal printing goes from prototyping to full industrialization.
This story uses material from Sigma, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.