Materialise NV (NASDAQ:MTLS), a leading provider of additive manufacturing and medical software and of sophisticated 3D printing services, today announced its financial results for the first quarter
Materialise NV: Materialise Reports Fourth Quarter and Full Year 2020 Results
Highlights Fourth Quarter and Full Year 2020
Fourth Quarter 2020:
Total revenue was 45,301 kEUR, a decrease of 10.7% compared to the fourth quarter of 2019, but an increase of 11.1% compared to the third quarter of 2020.
Adjusted EBITDA was 7,370 kEUR; Adjusted EBITDA margin was 16.3%.
Net loss was (2,118) kEUR, or (0.04) EUR per diluted share, compared to 1,246 kEUR, or 0.03 EUR per diluted share, for the same period last year; the net loss was impacted by non-cash impairment charges and revaluations totaling (3,836) kEUR.
Full Year 2020:
Adjusted EBITDA was 20,378 kEUR in 2020, compared to 26,656 kEUR in 2019.
Total deferred revenue from annual software sales and maintenance contracts increased by 2,575 kEUR to 30,242 kEUR from 27,667 kEUR at the end of 2019.