web analytics
23.8 C
Saturday, July 2, 2022

Everyone Loves Sigma Labs Inc (OTCMKTS:SGLB)

Sigma Labs Inc (OTCMKTS:SGLB) continues its steady rise since reversing off $0.042 lows back in March of this year. SGLB is a stock to watch when it heats up running from subs to well over $0.25 in 2013.

On May 14 SGLB announced financial results for the three months ended March 31, 2015.

Recent Highlights:

  • -Booked revenue of approximately $0.2 million for the quarter, versus approximately $0.1 million in the first quarter of 2014
    -Announced that Honeywell placed a commercial order for Sigma Labs’ PrintRite3D® system. The Company will deliver and install its PrintRite3D® SENSORPAK™ hardware and INSPECT™ software at Honeywell’s development facility in Phoenix; in addition, the purchase contract includes Sigma Labs’ groundbreaking DEFORM™ software, which will be provided when ready for release in the near future
    -The Company hosted an open house event on April 14, 2015 for its EOS M290 additive manufacturing metal printer enhanced with Sigma Labs’ PrintRite3D® software. Approximately 60 individuals attended the event, which included a live demonstration of 3D printing. Sigma Labs is in discussions with potential clients from North America and Europe, as well as China
    -Sigma Labs also announced that it has become a Silver member of America Makes, the National Additive Manufacturing Innovation Institute
    -The Company remains on track for significant growth in 2015

Sigma Labs Inc (OTCMKTS:SGLB) is focused on serving the aerospace industry and has developed several important technologies including the revolutionary PrintRite3D technology which will allow metals parts to be made by 3D printing or additive manufacturing with fewer flaws and better properties.

The Company’s groundbreaking technology is a rapid healing biomedical implant technology that has already been proven for dental applications and is being investigated for orthopedics. Yet another critical technology is in the area of reactive munitions which provide 50% greater energy with less weight and lower collateral damage for current and future conflicts.

Last year SGLB subsidiary, B6 Sigma, Inc., was a participant on the winning team of companies, universities and national laboratories to be awarded a grant of $5 million by the U.S. Department of Commerce’s National Institute of Standards and Technology. The National Additive Manufacturing Innovation Institute was designated as the project lead, and Edison Welding Institute will lead collaborative efforts to develop in-process sensing and monitoring capabilities so that tolerances and other quality requirements are consistently achieved. The emphasis of the team’s research will be on providing tools needed for additive manufacturing applications to progress from prototype to market-ready.

To Find out the inside Scoop on SGLB Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

In November of last year SGLB announced that it has received a contract from Honeywell Aerospace as part of a Defense Advanced Research Project Agency (DARPA) Phase II award; Phase I work was completed earlier in 2014. The DARPA program’s goal is to develop an Integrated Computational Material Engineering (ICME) framework to accurately predict the properties of metal components produced using additive manufacturing. Phase II work is expected to begin in the fourth quarter and run through mid-2016, with a total award value to Sigma Labs of approximately $0.5 million.

On January 28 SGLB announced on a preliminary (unaudited) basis, revenue for the fourth quarter was approximately $200,000, marking a substantial rise sequentially from prior quarters in fiscal 2014 and indicative of traction as the Company transitions from a consulting firm to product technology enterprise. In addition, Sigma Labs anticipates significant revenue growth in 2015 versus 2014, and the Company remains on track for the launch of its PrintRite3D® DEFORM™ software during the first quarter.

CEO Mark Cola said “Last year was clearly one of transition for Sigma Labs, and we look forward to improved performance in 2015. Our recent announcement with GE Aviation is an example of the ongoing interest being shown by industry leaders in the 3D metal printing space, as well as growing demand for our proprietary PrintRite3D® In-Process Quality Assurance (IPQA®) software. We are bidding on a number of requests for proposal and believe 2015 will offer many opportunities for new business development. I’m proud of how much we’ve accomplished as an organization but truly feel the best is yet to come.”

We have a Monster Pick Coming. Subscribe Right Now!

Currently trading at a $33 million market valuation SGLB has $3.7 million in the treasury, little debt and small but steady revenues. After over a year of steady decline the stock has finally reversed and is starting to make some moves on big press from the Company. SGLB has a loyal shareholder base that supports the stock and believes this one goes much higher. We will be updating on SGLB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SGLB.

WAIT! Do You Want Stocks That Could Go Up 348% In Days Delivered To Your Inbox For FREE?

Disclosure: we hold no position in SGLB either long or short and we have not been compensated for this article.

Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

More articles


Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.