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Posted On: 03/25/2020 5:12:21 PM
Post# of 382
NetworkNewsBreaks – Sigma Labs, Inc. (NASDAQ: SGLB) Reports Q4, Full Year 2019 Financial Results; Hosts Conference Call
Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D printing industry, on Tuesday reported its financial and operational results for the fourth quarter and full year ended December 31, 2019. Among other highlights, the company reported that revenue for the full year of 2019 totaled $402,000, and that $133,000, or 33% was earned in the fourth quarter. This compares to total revenue of $388,000 for the full year of 2018, of which $56,000 was earned in the fourth quarter of 2018. Sigma Labs’ Executive Chairman Mark Ruport, CEO John Rice and CFO Frank Orzechowski held a conference call to discuss the results. To listen to the replay of the call, dial 1-844-512-2921 for the toll-free replay line or 1-412-317-6671 for the international replay line and use the replay ID: 13700105. The replay is also available online. “Sigma is truly on the forefront of the next industrial revolution, addressing a major cost headwind to allow additive manufacturing technology to further scale and revolutionize many industries. We continue to see momentum from both end-users, who constantly serve as a reminder of the value of our technology, and from additive manufacturing machine OEMs, who see inherent value in integrating PrintRite3D into their machines. Revenues from either of these avenues could build rapidly, but more importantly could provide for a repeatable revenue stream with exceptional gross margins,” Sigma Labs Executive Chairman Mark Ruport stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D printing industry, on Tuesday reported its financial and operational results for the fourth quarter and full year ended December 31, 2019. Among other highlights, the company reported that revenue for the full year of 2019 totaled $402,000, and that $133,000, or 33% was earned in the fourth quarter. This compares to total revenue of $388,000 for the full year of 2018, of which $56,000 was earned in the fourth quarter of 2018. Sigma Labs’ Executive Chairman Mark Ruport, CEO John Rice and CFO Frank Orzechowski held a conference call to discuss the results. To listen to the replay of the call, dial 1-844-512-2921 for the toll-free replay line or 1-412-317-6671 for the international replay line and use the replay ID: 13700105. The replay is also available online. “Sigma is truly on the forefront of the next industrial revolution, addressing a major cost headwind to allow additive manufacturing technology to further scale and revolutionize many industries. We continue to see momentum from both end-users, who constantly serve as a reminder of the value of our technology, and from additive manufacturing machine OEMs, who see inherent value in integrating PrintRite3D into their machines. Revenues from either of these avenues could build rapidly, but more importantly could provide for a repeatable revenue stream with exceptional gross margins,” Sigma Labs Executive Chairman Mark Ruport stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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