Sigma Labs, the Santa Fe-based quality assurance software developer for additive manufacturing, has announced its financial results for the first quarter ended March 31, 2020. The company’s revenue for Q1 2020 experienced over 200 percent in growth compared to Q1 2019.
In a supporting statement, newly appointed CEO Mark K. Ruport explains that, amid the ongoing COVID-19 pandemic, Sigma Labs is optimistic about the position of its business as the company continues its route towards commercialization.
“ 2020年第一季度，即使在各种Covid-19相关的逆风中，也使我们在Printrite3D的商业化中度过了令人兴奋的一年，” Ruport解释说。“尽管我们在三月份对我们的业务产生了一些短期影响，但我们谨慎乐观地说，市场上的动力以及对制造供应链中更多敏捷性的需求增加将加速3D金属印刷的增长，并打开更大的增长对我们技术的机会和需求。”
“我们有一个精心设计的产品，可以在立即生产中使用，并由全球Tier-1合作伙伴进行验证。”
Sigma Labsactivity in Q1 2020
Sigma Labs的旗舰产品是printrite3d，用于金属添加剂制造的过程内质量保证（IPQA）软件包。它由硬件和多传感器模块以及各种软件模块组成，用于增材制造质量保证和过程中监视。这些模块一起收集和处理3D打印机的数据，允许用户实时分析和检查，并在必要时实施更正。
该公司在整个2020年第1季度经历了许多关键发展。为了进一步验证其技术，Sigma Labs签署了一份合同来实施其技术quality assurance software for metal additive manufacturingat西北大学.
Sigma Labsentered into an additional contract with the密西西比州立大学高级车辆系统中心（骑士）安装，测试和演示printrite3dsoftware在Renishaw的AM400 3D打印机上。
Furthermore, the company signed a joint sales agreement with Belgium headquartered实现, advancing an earlier MoU to develop an integratedin-situ quality assurance systemfor metal 3D printing. The new agreement focuses on commercializing the newly integratedPrintrite3D质量保证技术使用物质控制平台。
Sigma Labsalso launched an updated product known as thePrintrite3D生产系列, which introduces a ‘Production Dashboard’ to provide production managers with critical metrics, insight and actionable information during the production process. Finally, the company was awarded with两项美国专利for its PrinRite3D product.
Sigma Labs凝结资产负债表的摘要
Sigma在其2020年第1季度的财务报告中的总收入为221,730美元，而2019年第一季度为64,450美元。这一增长量增长了244％。
The cost of revenue in Q1 2020 was reported at $244,703, whereas for Q1 2019 this figure was $96,555.
Q1 2020年的毛利润为-22,973美元，同期净亏损为-1,583,585美元。为了进行比较，在2019年第一季度，毛利润的报道为-32,105美元，净亏损为-1,484,112美元。
| $ | Q1 2020 | 2019年第1季度 | 差异$ | % |
| Revenues | 221,730 | 64,450 | 157,280 | 244.03% |
| 收入成本 | 244,703 | 96,555 | 148,148 | 153.43% |
| 毛利 | -22,973 | -32,105 | 9,132 | -28.44% |
| 净亏损 | -1,583,585 | -1,484,112 | -99,473 | 6.70% |
The growth in revenue in Q1 2020 was attributed by Sigma Labs to the sales of two PrintRite3D units to Northwestern University and CAVS respectively. The company also generated revenue from its legacyRapid Test and Evaluation(“RTE”) program during the quarter.
During the earnings call with analysts and investors, Ruport explained that throughout most of Q1 2020, Sigma Labs was working towards a forecast of over $400,000, even with the COVID-19 pandemic gaining momentum in late February and early March. The order, comprising two machines at $200,000, was placed by a a supplier to the aerospace industry. With the impact of the pandemic, the customer had to puil the order as its capital expenditures had been frozen.
“We would have hit the 400,000 in Q1 if it wasn’t for the last minute issues that were encountered by our customer. And you can imagine if you’re a main supplier to aerospace and what’s happened to that industry, how reluctant you are to spend your capital right now,” explains Ruport.
Moving forward, despite the impact of the current health crisis, Ruport believes Sigma Labs’ Q2 revenue will increase by 50 percent to 100 percent over Q1 2020. However, due to the uncertainties caused by the pandemic, he also remains cautious about the optimistic prediction: “Of course I have some caveats around that regarding what might happen, that we’re not sure if regarding COVID and also when it comes to shipping and recognizing is different than sometimes booking the revenue because of the lead time. But I feel very confident that we have enough opportunities for foreseeable growth quarter-over-quarter of 50 percent to 100 percent.”
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Featured image via Sigma Labs.
