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Sigma Labs, Inc : Sigma Labs Reports First Quarter 2021 Financial Results
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Sigma Labs Reports First Quarter 2021 Financial Results
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New Global Customer Wins Drive Improved Financial Performance for Revenue & Gross Margins
Management to Host Conference Call Today at 4:30 p.m. ET
SANTA FE, NM / ACCESSWIRE / April 22, 2021
/Sigma Labs, Inc. (NASDAQ:SGLB) ( Sigma Labs or the Company ), a leading developer of quality assurance software for the commercial 3D metal printing industry, has reported its financial and operational results for the first quarter ended March 31, 2021.
Key First Quarter and Subsequent Operational Highlights Improved financial performance with revenue increasing by more than 100% over both Q1 2020 and Q4 2020, to $0.5 million. Enhanced gross margin, resulting in gross profit before operating expenses of $0.3 million for the quarter.
Ermaksan to use Sigma Lab s quality assurance software on metal additive machine
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Sigma Technology to be Provided as a Factory Option for the ENAVISION 3D Metal Additive Machine
SANTA FE, NM / ACCESSWIRE / April 7, 2021 / Sigma Labs, Inc. (NASDAQ:SGLB) ( Sigma Labs ), a leading developer of quality assurance software for the commercial 3D metal printing industry, has been selected by Ermaksan Innovative Technologies to provide its In-Process Quality Assurance technology, PrintRite3D®, as a factory option on its ENAVISION 3D metal additive machines and will be integrated with the Materialise Control Platform (MCP).
The cooperation commences with an initial contract for a single system from Ermaksan to install PrintRite3D® at a new customer site in Turkey. Initially, Sigma Labs will install the PrintRite3D® system at the Ermaksan facility in Bursa, Turkey and expects to be in the position to certify the Ermaksan ENAVISION system as PrintRite3D® Ready before ultimately moving the system to the end user s facility. Sigma Labs will provide Ermaksan with a co