SGLB - SGLB STOCK NEWS

Sigma Labs (NASDAQ:SGLB) will present at the H. C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO Mark Ruport is set to discuss operational milestones for the second half of 2021 and updates on recent partnerships that highlight the demand for In-process Quality Assurance (IPQA) systems in 3D metal printing. The virtual presentation begins on September 13 at 7:00 AM ET. For access, visit the conference website.

Sigma Labs (NASDAQ:SGLB) has announced its participation as a sponsor in major industry events in the U.S. and Germany to showcase PrintRite3D Version 7.0, a leading in-process quality assurance system for 3D metal printing. Key events include RAPID + TCT in September, AM2021 in October, and Formnext 2021 in November. The company aims to enhance its market presence and validate its technology amidst positive customer feedback, offering significant improvements in quality and cost-efficiency for end-users.

Sigma Labs (NASDAQ:SGLB) reported Q2 2021 results with revenue of $144,148, down from $167,688 in Q2 2020. The company unveiled PrintRite3D Version 7.0, enhancing quality assurance in 3D metal printing, and was awarded Best-in-Class Innovation by the American Society of Mechanical Engineers. Total operating expenses increased to $2.2 million, up from $1.5 million in the prior year. The net loss widened to $1.9 million, or $(0.18) per share, compared to a loss of $1.6 million in Q2 2020. However, cash reserves improved to $14.7 million, bolstered by recent stock offerings.

Sigma Labs (NASDAQ:SGLB) will host a conference call on July 22, 2021, at 4:30 p.m. Eastern Time to discuss its Q2 2021 financial results. CEO Mark Ruport and CFO Frank Orzechowski will lead the call, which will include a Q&A session. A press release with detailed results will precede the call. Interested participants can join using the toll-free number 1-877-407-9039 or internationally at 1-201-689-8470. The call will also be available for replay until August 5, 2021.

Sigma Labs (NASDAQ:SGLB) has been awarded the Best-in-Class Innovation Award for Additive Manufacturing Measurement and Analysis at the AM Tech Forum on June 17, 2021. The award recognized their PrintRite3D monitoring solution, which enhances the detection of anomalies and supports machine qualifications. This recognition highlights Sigma Labs' commitment to improving quality in the 3D metal printing industry. CEO Mark Ruport expressed gratitude for the acknowledgment of their team's efforts in advancing additive manufacturing.

Sigma Labs (NASDAQ:SGLB) announced its inclusion in the Russell Microcap Index effective June 28, 2021, which could enhance visibility and access for institutional investors. This annual reconstitution allows members to be part of relevant growth and value style indexes. President and CEO Mark K. Ruport noted that the inclusion aligns with the company’s goals, supported by a strong balance sheet and an expanding customer base in the 3D metal printing market. Sigma Labs aims to leverage its IPQA® software to drive growth in additive manufacturing.

Sigma Labs (NASDAQ:SGLB) will present at the 2021 LD Micro Invitational XI virtually from June 8-10, 2021. CEO Mark Ruport will discuss the latest updates including PrintRite3D® Version 7.0 and the First Quarter 2021 earnings results. The presentation is scheduled for June 10, 2021, at 4:00 pm ET. Attendees can access the webcast via the provided link. Sigma Labs specializes in quality assurance software for the 3D metal printing industry, with its software aimed at enhancing manufacturing processes and efficiency.

Sigma Labs (NASDAQ:SGLB) announced the release of PrintRite3D Version 7.0, a system designed for in-process quality assurance in 3D metal printing. This update includes enhancements such as Temperature Monitoring, Neural Net Machine Learning, and User Facing Machine Learning predictive models. The upgrades aim to improve manufacturing quality and economics for users. Industry leaders have praised the release for its potential to enhance process qualification and accuracy in additive manufacturing, positioning Sigma Labs at the forefront of 3D printing innovation.

Sigma Labs (SGLB) reported significant financial improvements for Q1 2021, with revenue exceeding $0.5 million, marking a 100% increase over both Q1 2020 and Q4 2020. Gross profit stood at $0.3 million, yielding a gross margin of 72%. Key contracts were secured with Ermaksan and Lockheed Martin, showcasing growing industry validation. The company raised $14.8 million through equity offerings, enhancing its cash position to $16.8 million. Sigma anticipates robust growth in the 3D metal printing sector, driven by increased demand and new market opportunities.