Arcam AB fka AMAVF

[charlie T colton]

Dave Joyce and Mohammad Ehteshami on Arcam/Concept Laser's growth

This week Dave Joyce and Mohammad Ehteshami made some very telling statements about current and near future machine sales at Arcam and Concept Laser. We've been waiting to see the inflection point in machine sales - this may be the start.

Dave Joyce at the Morgan Stanley Laguna Conference - September 14, 2017:

We are more bullish about additive today than we were when we started this journey.
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We've doubled our footprint of production, both in Sweden and Gothenburg, and in Lichtenfels, in Germany. We are now at nine machines a week and growing

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Mohammad Ehteshami quoted in the GE Reports article on Sep 13, 2017

Arcam and Concept Laser — both of which GE Additive acquired controlling stakes in last year — shipped 200 printers in 2016. Ehteshami expects to ship 500 machines this year, and GE Additive’s revenues are estimated to reach $1 billion by 2020. “The numbers are just jumping, and the demand is growing as well,” Ehteshami said. “With companies like Arcam, which make printers, powder and also provide 3D printing expertise, we have a complete offering.”

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So that's 9 machines a week now (and growing). I'm guessing at worst case, Arcam is at 3 machines per week. That's 39 machines a quarter. In the second quarter this year Arcam's order intake was 15 machines.

I have to think that some of yesterday's (Sept 15th's) transactions were the shorts jumping.