NetworkNewsBreaks – Sigma Labs Inc. (NASDAQ: SGL
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Posted On: 10/23/2020 3:58:53 PM
NetworkNewsBreaks – Sigma Labs Inc. (NASDAQ: SGLB) Announces Q3 2020 Financial Results
Sigma Labs (NASDAQ: SGLB), a leading developer of in-process quality assurance software for the commercial 3D metal printing industry, on Thursday released its financial and operational results for the third quarter ended September 30, 2020. “The third quarter of 2020 was about execution and laying the foundation for a successful 2021, and we are very pleased to have made significant progress in each of the strategic initiatives that we established at the beginning of the year,” Mark K. Ruport, president and chief executive officer of Sigma Labs, said in the press release. “On the financial front, our balance sheet expanded during the third quarter by $3.5 million from the exercise of preferred warrants from our January 2020 private placement of convertible preferred stock and warrants. This, paired with a continued reduction in cash burn, has better positioned Sigma to weather any macro-economic storms that may arise over the coming months and extends our cash runway well into 2021.”
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 in-process quality assurance software for the commercial 3D metal printing industry, on Thursday released its financial and operational results for the third quarter ended September 30, 2020. “The third quarter of 2020 was about execution and laying the foundation for a successful 2021, and we are very pleased to have made significant progress in each of the strategic initiatives that we established at the beginning of the year,” Mark K. Ruport, president and chief executive officer of Sigma Labs, said in the press release. “On the financial front, our balance sheet expanded during the third quarter by $3.5 million from the exercise of preferred warrants from our January 2020 private placement of convertible preferred stock and warrants. This, paired with a continued reduction in cash burn, has better positioned Sigma to weather any macro-economic storms that may arise over the coming months and extends our cash runway well into 2021.”
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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