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Sigma Labs, Inc, is the only company that can solve the single biggest issue in 3D printing metal parts that can be used commercially. Due to the expense of testing parts after production the industry today is under a billion dollars a year and is relegated to just making prototypes. % year projections for the industry top $20 billion annually once quality control can be performed in real time. Sigma Labs released a product late last year that does just this. It is a microcap company that focuses exclusively on In Process Quality Assurance (IPQA) for the 3D Additive Manufacturing (AM) industry (3D printing metal parts). The 3D AM industry is solely centered around manufacturing of metal parts from metal powder.
Sigma Labs has been working on a commercial product for 8 years but it is only under the watch of this relatively new CEO, John Rice, that the company now has an actual product from that great technology. This product first became available in November 2018.
The name of the product is PrintRite3D. It is protected by a growing moat patents. Many patents have been awarded already and there are more in the pipeline.
no sales this year? No PrintRite 3D license revenues this year?
Garbage I say
There will be new license revenues this year
Hey, maybe in Q3
yes - it does indicate that Silver
Kanya - can you elaborate any more on this ?
incredibly thorough Silver.
World class
Much appreciated
Thank You!
great post thank you Silver.
Such a shame that EU ahead of USA
Sigma is in pole position re IPQA
It seems that this OEM is very focused on Sigma IPQA. Outcome and timing will be interesting
How significant is it that a major OEM is testing the product simultaneously in two locations/geos each for different parts and metal ?
sep 30 end of Q3
Kanya - you make so much sense.
However my biggest fear is that a buyer of the company makes an offer imminently of say $8 and boom it's gone.
There is not enough insider ownership (even if you include Schwarz) to stop such an acquisition at such a price - or even lower e.g. $6
#1 concern.
And if you are an HP, Siemens, DMG MORI, Materilaize, EOS, Mitsubishi, Airbus, or many others you must be very tempted to do such
What would be impact of (if this all happened in Q3)
1) 5 machines ordered 500K rev OR
2) 10 machines ordered 1M rev OR
3) 15 machines ordered 1.5M rev
?
Again I state. It is noteworthy that the CEO has now gone on record to say the co will be breakeven by early 2020. This CEO has never made such formal statement before. This means the CEO is clearly saying there will be incoming and growing revenues in the short term
selling services yes. But MC's reign never produced a product. Now we have a product. We also have the current CEO publicly on record stating company will be breakeven by early 2020 per his shareholder letter. That should tell us all we need re incoming revenues
Kanya - can you elaborate please ??
First time CEO has gone on record to say we will be breakeven by early 2020
Few believe obviously
I do FWIW
Good letter
my guess is Japanese OEM 3D AM company. That would explain "Two International Markets"
disagree. Aegis is a scum finance house. They leaked it to their buddies who shorted the hell out of sigma stock. They make it up to Aegis off line. Custom practice for scum finance houses like Aegis, Aspire, Lincoln Park, Hudson Bay etc
while I am deeply disappointed only takes one big name to go from RTE to full deployment for company to be EBITDA positive. Imagine 2 or 3 big companies doing same. Plus OEM deals
My take on yesterday / today
1. Sick of the raise at 80c
2. All raises like this with scum firms causes massive declines before the deal. Scum firms are in on it. Always. they short the stock so they can price deal lower. Execution sucked but will always do so with scum houses.
3. Is this the last raise of its type? For that to be the case need to see influx of revenues and/or investment from a bigger company (either strategic in 3D AM space) of financial serious long term fund. The fact that only $2.2M was raised maybe an indicator.
4. Airbus announcement significant. Company anticipated a run up in the stock but shorts crushed it
5. All RTE customers are big names. Any one or two of those that convert must be very meaningful
6. OEM deals getting closer
7. version 5.0 of product best ever to date
8. Prob have enough money until end of Q1 / Q2 2020
9. By year end we will have many more news announcements inc more RTEs, OEM announcements, Materliaze/Sigma product in Nov (I am guessing) etc
10. RTE not Rapid in the least not cos of product but cos of process companies adhere to. Still some must be getting closer to a decision
11. it's in process corrective QA with Sigma or post production options with lower yields . This is the definitive winner
12. Prob a great buy down here but sick of the stock action
raised the money is a bad way IMO. Great news re AIRBUS.
was not expecting a Euro one in the summer. Airbus is a great name. Also very interesting that Airbus allowed Sigma to use their name out front
wow. And in the height of summer in Europe!!
that's always the case. Company needs news. My guess is OEM deal in Sept / Oct with other RTE announcements that could be any day in USA and Sept in Europe
hmmmmm. long summer. Roll on september. here for the long term as always
could be. glass half full or empty?
sneaky bid action today?
I do? LMAO. He is way more articulate than I. Just cos I believe in what he is doing (save cancelling earnings calls) doesn't make me him. Let's see what unfolds in next few months
been like that for decades
I do feel will be a long summer. Europe asleep until September. Maybe USA news re RTE ?
yeah you got me! Be cool
understanding the reasons is key. It is not a slight on Sigma product but due process
IMO the "R" in RTE is misplaced. It ain't in the least Rapid. Came out clear from Fisher's podcast
Given Fisher's podcast I expect news from existing 2018 RTEs
Furthermore I do expect more new RTE announcements
See how we go
GLTA
so this would suggest we could be close to news re the 5 RTEs from 2018?
I think 5 RTE announcements in 2018
Kanya: agreed - that is the $64K question
if one believes in the company, in the IP (patents), the addressable market to be (when 3D AM goes to serial production), the leadership then that is the basis for positive investment decisions
Thank You
agreed. completely
give it a rest. V 5.0 came out in May 19. That is all of 3 months ago tops.
3D AM in process QA analysis (TED/TEP) takes time. Enterprise sales cycles
Relax
Tech was productized first time on nov 18 with a major u/g in May 19
Upgrarded BD, Sales and CFO as stated before. Also upgraded IP Patent strategy and IP firm I do believe
Give it some more time
Time will tell
GLTY
Kanya - don't leave us hanging.
Please elaborate:
<<the story of the German Connection is not finished yet... >>
MC not delivered in 8 years
JR turning it around - needs a little more time IMO. 2 yrs not along time to turn it around
Ppl rushing to judgement too early for JR IMO
Materialize announcement was meaningful
Way more to come is my guess
Timing always sucks. Always not soon enough
See how we go