NextTrip, Inc. - SASI STOCK NEWS

Sigma Additive Solutions, Inc. (NASDAQ:SASI) reported financial results for Q4 and full year 2022, showing a significant revenue decline to $0.63 million from $1.7 million in 2021. The decrease is attributed to fewer unit sales of PrintRite3D® and reduced contract manufacturing. Despite a gross profit margin drop to 44%, operating expenses decreased by 5.7% to $9.0 million. The net loss grew to $8.7 million or $0.83 per share. However, the company has expanded partnerships and aims for a software-only product launch in Q2 2023, targeting a larger market. The management is focusing on cost alignments and evaluating options for strengthening the balance sheet.

Sigma Additive Solutions (NASDAQ:SASI) will host a conference call on March 30, 2023, at 4:30 p.m. Eastern time to discuss its fourth quarter and full year results for 2022. The call will be led by CEO Jacob Brunsberg and CFO Frank Orzechowski, followed by a Q&A session. A press release with the results will be issued beforehand. Interested participants can join via toll-free number 1-877-407-9039 or internationally at 1-201-689-8470. A replay will be accessible after the call until April 13, 2023.

Sigma Additive Solutions, Inc. (NASDAQ:SASI) announced an expansion of its collaboration with Materialise, a leader in 3D printing software, to enhance automated quality control for additive manufacturing users. This integration of Sigma’s PrintRite3D® quality assurance solution with Materialise Process Control aims to improve operational efficiency and drive revenue growth by enabling faster data-driven decisions. The collaboration will be showcased at AMUG 2023 in Chicago. CEO Jacob Brunsberg emphasized the importance of providing vital data to enhance reliability and safety in 3D printed components, while Materialise’s CTO noted the cost-saving potential through automation.

Sigma Additive Solutions (NASDAQ:SASI) has announced a partnership with DyeMansion to enhance quality assurance in industrial 3D printing. This collaboration integrates Sigma's Machine Health module into DyeMansion's systems, including DM60 and Powershot Performance, optimizing post-processing workflows. The solution supports Industry 4.0 standards, enabling real-time monitoring and data analytics for cost reduction and quality improvement. Furthermore, Sigma has expanded its patent portfolio, with 29 patents granted and 40 applications pending, enhancing its competitive edge. Upcoming events include AMUG from March 19-23 and Rapid + TCT from May 2-4.

Sigma Additive Solutions (NASDAQ:SASI) has engaged Lake Street Capital Markets to explore strategic alternatives aimed at enhancing shareholder value. The options include potential investments, acquisitions, mergers, or similar transactions. However, the company has not committed to any specific course of action or timeline for completion. Sigma specializes in in-process quality assurance solutions for the 3D printing industry, with its PrintRite3D technology aimed at reducing waste and improving production efficiency. Forward-looking statements in the press release highlight uncertainties around market conditions and Sigma's capital needs.

Sigma Additive Solutions (NASDAQ:SASI) has joined the EOS Developer Network, enhancing its software offerings in the 3D printing sector. This partnership allows Sigma to utilize EOS's application programming interfaces (APIs) for improved data management and process analytics. The collaboration aims to enhance customer quality assurance throughout the additive manufacturing process. Sigma's technology, particularly its PrintRite3D® system, enables real-time monitoring and analytics, reducing waste and increasing efficiency. This move is expected to catalyze growth in the additive manufacturing industry.

Sigma Additive Solutions (NASDAQ:SASI) reported Q3 2022 revenue of $188,245, down from $700,237 in Q3 2021, primarily due to reduced PrintRite3D® unit sales. The company has seen a 39% increase in order backlog to $334,000 and continues to transition to a subscription pricing model, aiming to enhance accessibility across the additive manufacturing sector. Gross profit decreased to $108,532, leading to a lower gross margin of 58%. The net loss was $2.3 million or $0.22 per share. Sigma appointed Stephan Kuehr as General Manager for European Operations to boost market presence.

Sigma Additive Solutions, Inc. (NASDAQ:SASI) has entered an agreement with Dyndrite to enhance the Printrite3D® platform by integrating visualization and analytics for in-process quality data. This new capability allows users to link toolpath creation directly to quality data, streamlining decision-making in additive manufacturing. The integrated solution aims to improve production quality and is expected to be available to early users in Spring 2023. The partnership is a significant step towards covering the full quality value chain in the 3D printing industry.