Yes, a majority of the am industry is taking major hits right now as many expectations have fallen short, with Sigma as a micro cap company it is especially affecting us.
Luckily we have all the pieces in place as far as our Advanced Technologies and increased business acumen with distribution deals across the globe as well as highly accredited business alliances.
However, until the entire industry catches up to its projections, which I believe we will start to see in uptick especially as we head into 2018, production is now a very real and tangible business model for many companies in the industry. Many of which have already been utilizing Sigma Labs softwares over the years.
Unfortunately, standards seem very far away as the FAA and such entities continue to drag their feet.
As Mark stated in the latest conference call, a large portion of their business has been educating these companies on the various scientific aspects of additive manufacturing and what exactly Sigma Labs brings to the table, and how our Technologies can make additive Manufacturing in a production setting a viable business model.
When you have a technology that requires an educational process, as additive Manufacturing in terms of the mass production of Highly critical parts is an extremely new technology, it takes a long time for companies to adopt, as we've seen, and can be seen in many other fields and Advanced Technology companies as well.
Unfortunately for us, as we ramp into the same uptick as the companies heading into production, the amount of money upfront and time to initiate is very substantial.
Being such a small company, it puts sigma in more of a sticky situation, as we NEED cash, whereas most other companies are well funded through their various Ventures over the past decades or even centuries, where they do not have to worry about their cash flow or expenditures like we do.
NASDAQ has realize this and will continue to valuate us at our cash and or asset value.
As the burn rate continues, we need an influx and revenues or very very positive news ASAP, as we will have around 2million in cash by March 2018. A dangerously low amount.
I am sure that Sigma has some contracts to attend to in their backlog as they have had many Heavy Hitters on the books for some time now, either in the testing and evaluation stages or investigating or software as defined in the most recent earnings reports.
Unfortunately some of the larger events such as TCT isn't until exactly when our next quarter earnings report is due right when they release of 3.0, 3D Sim, and trumpf are making major announcements.
Hopefully management realizes this and can give us some good PR releases before then.
And definitely absolutely need to report some sales this quarter or first thing 2018 to increase our PPS before we will eventually need to issue more shares to help pay for General operations as well as our notes due
