SGLB - SGLB STOCK NEWS

Sigma Labs announces a public offering of 1,488,507 shares at $3.00 each, with expected gross proceeds of approximately $4.5 million. The offering will close around January 12, 2021, subject to customary conditions. H.C. Wainwright & Co. is the sole book-running manager. The funds will support operational expenses, product development, and general corporate purposes. The shares are offered under an effective SEC registration statement, and a prospectus supplement will be filed shortly.

Sigma Labs (NASDAQ: SGLB) announced its proposed underwritten public offering of common stock, with the shares to be sold entirely by the company. The exact size and terms of the offering depend on market conditions. The underwriter, H.C. Wainwright & Co., will also have the option to buy additional shares up to 15% of the total offering. This offering is linked to an SEC registration statement effective since June 2018. Sigma Labs focuses on 3D metal printing quality assurance software and believes its technology can accelerate the industry's adoption.

Sigma Labs (NASDAQ:SGLB) will present at the Virtual Fall Investor Summit from November 16-18, 2020. CEO Mark K. Ruport will showcase the PrintRite3D Lite In-Process Quality Assurance system and the IN4.OS Strategic Alliance for future factories. The presentation is scheduled for November 18 at 9:00 a.m. EDT. Sigma Labs specializes in quality assurance software for the 3D metal printing industry, aiming to enhance production quality through real-time monitoring solutions. Interested parties can schedule one-on-one meetings for further discussions.

Sigma Labs (NASDAQ:SGLB) reported a revenue increase of 47% for Q3 2020, reaching $0.25 million, compared to $0.17 million in Q3 2019. A notable contract with a major oil and gas company and the launch of the PrintRite3D Lite system highlight operational progress. Total operating expenses decreased to $1.4 million, down from $1.6 million in the prior year. Net loss reduced to $1.2 million, or $(0.42) per share, from $1.6 million, or $(1.20) per share in Q3 2019. The cash position improved to $4.5 million, reflecting successful warrant exercises.

Sigma Labs (NASDAQ:SGLB) announced a new partnership with Northwestern University to enhance its PrintRite3D technology for 3D printing. This collaboration will focus on Directed Energy Deposition (DED) processes, with Northwestern acquiring the first PrintRite3D DED system. The initiative aims to meet the increasing demand from industries like aerospace and defense, which require rapid production capabilities. The company's CEO highlighted this as a strategic step to broaden Sigma's market opportunity in additive manufacturing.

Sigma Labs (NASDAQ:SGLB), a leader in quality assurance software for the 3D metal printing industry, will hold a conference call on October 22, 2020, at 4:30 p.m. ET to discuss its third quarter results for the period ending September 30, 2020. The call will be hosted by President and CEO Mark Ruport and CFO Frank Orzechowski, followed by a Q&A session. Participants can access the call using the toll-free number 1-877-407-9039. A replay will be available after 7:30 p.m. ET through November 5, 2020.

Sigma Labs (NASDAQ:SGLB) has partnered with IN4.OS and DMG MORI to develop Smart Factories of the Future. This collaboration aims to enhance the quality assurance in 3D metal printing for critical sectors like defense and aerospace. Sigma's PrintRite3D technology will ensure top-quality production of mission-critical parts, leveraging advanced manufacturing processes. The partnership responds to challenges in supply chains, promoting self-sufficiency and resilience in American manufacturing during disruptions.

Sigma Labs (NASDAQ:SGLB) has launched the PrintRite3D Lite, an In-Process Quality Assurance system aimed at small, entry-level 3D metal printing machines. Designed for R&D, dental, and small lot production, it won its first contract from Coherent, Inc. The PrintRite3D Lite system features the patented TED metric, providing valuable insights into melt pool thermal conditions. This product enhances Sigma's market reach by catering to manufacturers needing simpler monitoring solutions. The launch signifies a strategic move to expand its addressable market and meet user demands.

Sigma Labs (NASDAQ:SGLB), a leading developer of quality assurance software for the 3D printing industry, announced a contract with a major global energy technology provider to begin production deployment of its PrintRite3D software. This follows a successful testing phase on EOS and SLM machines. The partnership aims to enhance additive manufacturing capabilities, responding to a growing market projected to reach $11.9 billion with a CAGR of 27.8% from 2020-2027. Sigma's solutions address critical needs in metal 3D printing, promoting flexibility and cost-effectiveness in production.