While the majority of stocks related to additive manufacturing are down from their highs earlier in the year, this is mainly due to the over-exuberance by investors late last year and into the start of 2014. Most of the major companies within the sector are doing quite well, with year-over-year growth on both their top and bottom lines.
One example of such, is Swedish-based company Arcam, who reported their third quarter financial results this morning. After a 4.5% drop in share price yesterday within the US markets, Arcam’s stock is up nearly 27% today on the Stockholm Stock Exchange, after a blowout report from the company.
Analysts had been expecting, on average, a reported operating profit for the quarter of around $431,000, while the company surprised to the upside, reporting a $600,000 profit. Additionally, analysts were looking for revenues to come in at around $9.8 million, while Arcam blew away these estimates, reporting $12.7 million in revenue for the third quarter.
Arcam, which specializes in the production of machines capable of printing objects in a variety of metal alloys, has over 50 patents to its name. Using Electron Beam Manufacturing (EBM), among other technologies, Arcam offers a variety of products and services within the additive manufacturing industry.
Highlights from this past quarter include the acquisition of contract manufacturer DiSanto Technology Inc. and the delivering of 9 EBM systems to clients, the majority within the aerospace and medical implant industries.
According to the company’s release today, “A strong order book and a positive business situation lay a solid foundation for a strong closing of 2014 and continued growth in 2015.”
After seeing a drop in share price of nearly 40% for the year, today’s news has allowed shares to rebound significantly, regaining much of those loses. Are you a shareholder of Arcam (NASDAQ:AMAVF) (STO:ARCM)? Discuss their latest report in the Arcam Q3 earnings forum thread on 3DPB.com.
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and recieve information and offers from thrid party vendors.
You May Also Like
6K Expands Metal 3D Printing Powder Line into Europe
6K Additive has announced that the company will be expanding its commercial operations into Europe, naming François Bonjour as its European Sales Director. Bonjour has over 20 years of experience...
“World’s Most Efficient” A/C System to Be Built with 3D Printing
Hyperganic, a German developer of AI-based engineering software, has announced a new project aiming to create the world’s most efficient residential A/C system. The company is partnering with Strata Manufacturing,...
Online 3D Printing Service Sculpteo Announces New CEO
Sculpteo, BASF’s French 3D printing service, announced that the company’s new CEO is industrial designer Alexandre d’Orsetti. Promoted from in-house, d’Orsetti was previously the head of Sulpteo’s design studio for...
CORE Acquires GoProto 3D Printing Service
CORE Industrial Partners, the Chicago-based private equity firm, announced that RE3DTECH, a 3D printing service bureau in its portfolio, has acquired GoProto, a 3D printing service bureau in San Diego....