SGLB - SGLB STOCK NEWS

Sigma Labs (SGLB) reported its Q1 2022 results, revealing a revenue of $51,844, a significant decline from $500,000 in Q1 2021 due to a shift to a subscription model. Gross profit decreased to $11,785 (23% margin) from $300,000 (72% margin) last year. Operating expenses rose to $2.3 million from $1.8 million, leading to a net loss of $2.2 million ($0.21 per share), up from a $0.7 million loss in 2021. Sigma Labs aims to enhance its technology for broader adoption in the 3D printing industry.

Sigma Labs (NASDAQ:SGLB) announced it will host a conference call on April 26, 2022, at 4:30 p.m. ET to discuss its Q1 results for the period ending March 31, 2022. The call will feature Chairman Mark Ruport, CEO Jacob Brunsberg, and CFO Frank Orzechowski, followed by a question-and-answer session. Investors can access the call toll-free at 1-877-407-9039 or internationally at 1-201-689-8470. A replay will be available until May 10, 2022.

Sigma Labs (NASDAQ:SGLB) has appointed Jacob Brunsberg as its new Chief Executive Officer, effective April 1, 2022. Brunsberg, who previously served as President and COO, has been pivotal in evolving the company's business model towards a high-margin, software-only solution for in-process quality monitoring in additive manufacturing. Mark Ruport transitions to Chairman of the Board, emphasizing confidence in Brunsberg’s leadership. This management change is expected to facilitate the company’s growth and enhance its competitive edge in the 3D printing sector.

Sigma Labs (NASDAQ:SGLB) reported a 105% revenue increase to $1.7 million for the full year 2021, compared to $0.8 million in 2020, driven by strong PrintRite3D unit sales. The gross margin improved to 66% from 27%. Key partnerships, including agreements with Aconity3D and Materialise, were pivotal in expanding market reach. However, a net loss of $7.5 million was reported for the year, alongside increased operating expenses of $9.6 million. Cash totaled $11.5 million at year-end, a significant increase from $3.7 million in 2020.

Sigma Labs (NASDAQ:SGLB) has partnered with AMFG to enhance productivity in the additive manufacturing industry. This collaboration aims to automate production workflows, improve data integrity, and reduce costs associated with serial production. The integration of MES and in situ monitoring systems will provide users with real-time data analytics, facilitate process qualification, and ensure part traceability. The solution will be presented at the AMUG conference on April 5, 2022, focusing on optimizing the manufacturing process from powder to part.

Sigma Labs (NASDAQ:SGLB) will host a conference call on March 24, 2022, at 4:30 p.m. Eastern time to discuss its fourth quarter and full-year results for 2021. Key executives, including CEO Mark Ruport and COO Jacob Brunsberg, will lead the call. Interested parties can join via a toll-free number or internationally. A press release with detailed results will be issued prior to the call. The call will be available for replay, ensuring stakeholders can access crucial financial updates.

Sigma Labs has appointed Phillips Federal as its exclusive reseller to the U.S. federal government, aiming to provide a standardized quality monitoring solution for additive manufacturing. The partnership will include the installation of the PrintRite3D system at the Phillips Additive Innovation Center, enhancing training and demonstrations for Department of Defense personnel. This collaboration is expected to improve part qualification and production efficiency in government initiatives, reflecting a commitment to quality and scalability in the additive manufacturing sector.

Sigma Labs (NASDAQ:SGLB) has appointed Jacob Brunsberg as President and COO to spearhead strategic initiatives aimed at accelerating growth in the additive manufacturing industry. His responsibilities encompass product direction, sales, and engineering, focusing on a software-only solution, OEM integrations, and a subscription-based pricing model. These initiatives are intended to reduce barriers for manufacturers and partners. Brunsberg, previously a leader at General Electric's Binder Jet Technology unit, aims to enhance the standard for in-situ quality monitoring and analytics in 3D printing.

Sigma Labs (NASDAQ:SGLB) announced that its warrants to purchase common stock, issued on February 21, 2017, will expire on February 22, 2022, at 5:00 p.m. EST. Trading of these warrants will be suspended on Nasdaq starting February 17, 2022. The exercise price for the warrants is $40.00, while the last reported sale price of SGLB's common stock was $2.42 as of February 9, 2022. Nasdaq will file a Form 25 for the delisting of the warrants, but the listing of SGLB's common stock will remain unaffected.