Arcam Reports 125% Revenue Growth for 3rd Quarter, Shares up Nearly 27%
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.
Compared to quarter three of last year, the company has shown year-over-year revenue growth of 125%, while obtaining new clients, and growing their overall sales channels.
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 receive information and offers from third party vendors.
Print Services
Upload your 3D Models and get them printed quickly and efficiently.
You May Also Like
Hadrian Valued at $7.9B After Massive $1.4B Series D Funding Round
The industrial underpinnings of US military readiness have been hampered by an overcommitment to weapons systems whose long-term value is increasingly questionable. This isn’t so much a generational problem as...
3D Printing Financials: 6K Additive Reports Record Quarter as Demand Grows for U.S.-Made Metal Powders
Demand for metal powders made in the United States continues to grow, particularly from aerospace and defense customers. That was one of the biggest takeaways from 6K Additive‘s (ASX: 6KA)...
Hadrian and Fortastra Bet on Automated Factories to Fix Satellite Production Bottlenecks
Demand for satellites continues to grow, and manufacturers are looking for ways to build spacecraft faster without affecting performance. One way to do that is to involve manufacturing companies earlier...
Beehive Industries Invests $70M in Ohio to Support Its Advanced Manufacturing Buildup for Propulsion
Beehive Industries and the state of Ohio have each been killing it in the metal 3D printing game. Naturally then, it was only logical for Beehive and Ohio to combine...
