M3D Sees Record Growth in 2016 – Cites Benchmark Sales, Staff Expansion and Key Patent Awards
The Micro 3D Printer is the little 3D printer that could. M3D’s Micro 3D Printer was the #1 Kickstarter campaign of all time for the 3D printing space, earning $3.4M. They received recognition from Guinness World Record charting and M3D’s accolades go well beyond the digital realm. By going to market, the company fulfilled a secondary promise to jobseekers, creating a wealth of job opportunities for local workforces. Since launch, M3D has effectively brought in over 70 employees from Fulton and surrounding areas of Maryland, all of whom have helped to greatly augment its customer/technical support teams, marketing/design, engineering, software development, and management teams.
M3D just announced record growth metrics in 2016, following the launch of the retail version of the company’s flagship Micro 3D Printer in mid-2015. Since then, the company has reported a 200+% growth in sales of its main offering over the last six months, approaching 50,000 units sold to date. Additionally, M3D has cited exceptional internal growth through a series of new hires and key patents/trademarks for its current and future products.
“Our mission at M3D is to be recognized as the best 3D printer out there. We’ve shown profitability and scalability in only our second year of operations – an extremely short time period – and we didn’t need to take investments to do it,” said Michael Armani, CEO & Co-Founder. “We couldn’t be more excited about the progress we’ve made as a company since launch – and the numbers really do speak for themselves – and while this is certainly a step in the right direction, our immense achievements as a company thus far are a mere stepping stone for where see ourselves in the very near future.”
At the Inside 3D Printing Conference & Expo in New York this week, I spoke with Armani about the direction of the company and their product offerings. According to Armani, M3D captured 7% of all desktop 3D printer sales with the Micro. The majority of those were direct sales. M3D is projecting to double its monthly (currently between 2500 – 5000 units) sales figures by end of year. The company has also pledged to expand current retail distribution deals with Amazon, Micro Center, Brookstone, and B&H, as it finalizes newly formed partnerships with big box stores like Staples.
M3D also produces its own line of filament,with some unique properties. Their recently released Tough 3D Ink is a soft PLA that is like standard PLA is biodegradable, and their ABS-R is an easily printable ABS that doesn’t require a heated bed. Both filaments are optimized to print at high speed on the Micro (up to 400% faster that with their standard 3D Ink PLA). M3D’s filament line also includes its color changing Chameleon Ink. Their filaments come in over 60 colors and have proven to be so popular that they are considering producing larger spools for use with other printers (M3D’s filaments are currently available in 1.75mm in 1/2 lb (225g) micro spools). Prices for M3D filaments range from $14 to $23.
The Micro Standard Edition comes with a 3-month warranty and sell for $349, with prices expected to rise soon. The Micro Retail Edition comes in retail packaging with a full 1-year warranty and one spool of their filament, and retails for $449. For more information about M3D and its current offerings, please feel free to visit www.printm3d.com.
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