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First impression was very well-spoken and brought some 'energy' to the call. Was very easy to understand, hopefully he handles himself this well in front of the large customers and opportunities ahead.
The experience does seem lacking as you mention.
Sometimes a new point of view, and a fresh 'point of contact' will help when dealing with other companies' newer contacts?
Also appreciated that he spoke to what the total opportunity down the road could be.
Ruport mentioned he regrets making the increasing quarter-over-quarter revenue forecast.
He now forecasts year-over-year doubling of the revenue for the next three to five years.
Jacob Brunsberg, relatively new President and COO, also spoke at length. Gave some target revenue numbers for the metal market. Also, the total opportunity outside of metal is substantially larger.
Hopefully a new leader with fresh insight on how to advance Sigma.
350K revenue for the 4th quarter; there goes Ruport's forecast of increasing revenue quarter-over-quarter.
Operating losses of over two million as compared to one/one and a half million in previous quarters.
Once again, a lot of hype around the partnerships and relationships with other 3D companies.
Disappointing numbers, wonder what other news or any forecasting this call will bring.
I'm curious why they decided to announce this particular deal. The new contracts they landed in the 3rd quarter that led to 800k in revenue had no press releases.
Ruport previously forecasted increasing revenue quarter-over-quarter and multiple 'seven-figure' revenue streams for 2021.
Could this be a setup for disappointing 4q results?
'Hang with us investors, we just signed Auburn University!'
Would prefer to hear something from Airbus, Mitsubishi, or Lockheed Martin. Companies that purchased Sigma from mid 2019-early 2021.
Any follow-up sales with these three? Is the technology providing any ROI for these clients?
-- "The software doesn't work, never has"
-- Additive Industries includes Sigma Printrite3D in their latest promotional video
There have not been any known additional sales over the last couple years from Airbus, Mitsubishi, or Lockheed Martin after their initial order. One would imagine if the software 'worked' or had any decent ROI, the companies would have made additional purchases by now.
Why are 3D manufacturers making partnerships with Sigma? Additionally, they include PrintRite3D in their marketing and provide exhibit space at tradeshows. I would think they see some sort of value in Sigma's software going forward?
Sales/revenue will provide the answers. Their revenue did increase last quarter; Ruport has forecasted increasing revenue quarter over quarter. Sigma did not provide any press releases for those sales.
Will they be going forward not announcing deals; any new contracts will only be announced afterward with the quarterly results?
For the price to really pop, do you expect 3q revenue to increase? More promising forward-looking statements?
There were no deals announced in the previous quarter, unless I missed it.
Recently, their revenue has been closely tied to whatever deals they gave a press release to.
Can this company come up with a surprise revenue number with no announced deals? In the past, Sigma has announced almost anything that brought in revenue.
The calm before the storm(new contract awards) or more of the same(no new contracts)?
Ruport forecasted long ago increasing revenue quarter over quarter. They already missed that forecast last quarter; 'the dog ate my homework' quarter according to one analyst on the earnings call.
I do not believe they have announced any new revenue producing deals in July, Aug, or Sept?
I may need clarification, but doesn't any 'material event' have to be publicly disclosed? Or can they delay news if they don't place any trades based on that information? Wouldn't Sigma would be motivated to announce any good news?
Is there any chance at all they can surprise with decent revenue they did not have to announce?
>>>Sales continue to increase
I did not see any PR's this past quarter related to sales other than one in early April.
Ruport has within the past year forecasted "increased quarter-over-quarter revenue." He has also called for "multiple seven-figure revenue streams" for 2021.
Will we see 'decreasing' revenue? Does Sigma have any revenue streams that do not have to be publicly disclosed? I believe previous revenue numbers have closely reflected their announcements in that quarter.
Decreasing revenue, another one million plus cash burn, what will happen to our shareholder value if this were to occur?
I'm not sure, are Siemens and Baker Hughes more examples of one-time orders?
If they had additional sales after their initial order, that would be a promising detail. It would show that the customer has had some kind of decent ROI in using Sigma's product. Or at least, they want to deploy PR3D for more testing with other machines.
Revenue has not shown much of anything other than what they announce in their press releases?
Big concern for the lack of follow-up sales. Airbus was almost two years ago, Mitsubishi last summer, Lockheed in March.
Not sure if all additional sales require a press release, what announcements have there been this quarter? A reported quarter of revenue decreasing would not be well-received.
Ruport last year "I expect increasing revenue quarter over quarter"; "Multiple seven-figure revenue streams for 2021"
Ruport on the last earnings call, "Lockheed's users are really challenging our engineers", something to that effect.
That stood out to me, perhaps the tech is not performing to what the users are looking for, even with the 7.0 release enhancements.
>>>Sigma Labs’ revenue doubled from $402,500 in 2019 to $807,500 in 2020, and CEO Mark Ruport believes the company will “more than double revenue year after year” in the next three years.
“Easily,” Ruport said.<<<
>>>Ruport said Airbus could potentially buy 10, 20 or 30 units if testing is successful, and Mitsubishi could get “tens of units but I don’t think it will be a hundred.
All three have the capability to buy multiple systems as they go into production of parts with metal 3D printers,” Ruport said.<<<
Some positive forward-looking statements; hope all the continued 'testing' will bring forth the desired ROI the companies are looking for.
Hey, thanks for the lesson!
I have infrequent interactions on here, I looked back at my recent posts, that one stood out.
I am just glad I didn't listen to that one lesson/recommendation you gave me in December, sell anything over 3.
>>>That was before the news, please dont try to misrepresent the ENTIRE story
On 12/22/20, you said to sell anything over 3. SGLB rose steadily from that date onward.
Now you believe to sell anything over 4.50. Do you think there will be no further good news from here onward? On 12/22, did you think there would not be any further news?
I believe more companies will be soon coming onboard to move Sigma forward. Good luck with all your future buys and sells.
Thanks for the reply, who really knows for sure, why we have this opinion board.
I do hope you are as wrong as your 12/22/20 reply to me:
'Anything over 3.00 is a SALE'
I believe very weak 4q revenue could be a reality. Sigma seems to announce any revenue producing deal? I do not remember hearing much for the 4th quarter. Hopefully Ruport can be more specific with future expected contracts and revenue on next weeks call. He did forecast increasing revenue quarter-over-quarter a while ago.
However, could Sigma be finally moving forward in the right direction?
Sigma had pevious deals with Airbus, Mitsubishi, and others that have not gone anywhere so far. Who knows, maybe they are still 'evaluating', and could still come onboard.
Could Lockheed Martin be different? They provided a detailed reason why they brought on Sigma and talk about 'scalability' over various OEM lasers; a very promising piece in yesterday's announcement.
Sigma recently hired east and west coast Sales Directors. Both hires seem to have extensive backgrounds in AM. Are they expecting an influx of business or they hired them to find the new business? Maybe some of both?
This is in addition to a Business Development Director hire? That's a lot of headcount expenses to add on; all this without an expected big increase in revenue?
DMG Mori is imbedding PrintRite in their latest two to five million dollar machines. Will PrintRite be a luxury add-on at 100k+? Or will it be part of some/most machines sold?
Materialise and Sigma announced a partnership on 3/5/2020; 'Commercialized Integration to Enable Closed Loop Control' When/if this becomes finalized, is this a trigger that will bring on more customers?
ASTM and other world-wide bodies continue to involve Sigma in developing the standards for the AM market.
While the road may be still be long, I like this progress.
Was Lockheed a contract out of nowhere? Was there anything about them and Sigma together previously?
If not, I like the prospects of other behemoths coming onboard. Could be some other 'surprises' down the road, other than what we are already aware about.
>>> "and scalability across various OEM 3D printing platforms,” said Kristi Farley, vice president spacecraft <<<
This is what I like most about the announcement, the Lockheed Martin statement about growth potential.
Good news, holding long
Sigma jumped this morn at the same time a 'buy alert' from mrinvestorpro over at another messageboard.
We need something announced with sales and revenue attached. Revenue of less than 500k per quarter results in a loss of around a million.
Increasing revenue quarter over quarter was projected by Ruport long ago.
Is it possible these spikes the last month or two are related to NNDM?
Pulling back the comparison charts show similar moves between the two.
For Sigma to stand on its own, they need increased revenue with solid contract awards soon.
"Multiple seven-figure revenue streams for 2021"
I was not paying attention completely, but something like this was mentioned by Ruport this morning?
He also mentioned being ok with cash short-term, but they are always looking for beneficial financing, and they would have to raise in the future?
Contract awards have to be coming in soon?
Enough partnerships/alliances, trials, etc...
Although being tied to DMG Mori, Materialize, and others show that this product has promise and is legitimate, it hasn't yet led to much, if any revenue.
They need contract awards with significant revenue attached.
This company burns more than a million a quarter? Another quarter or two with revenue where it is; would be devastating for the share price? They would need to raise more capital, though more dilution is probably coming anyway.
We were told revenue will be increasing quarter over quarter? Is this still the case? Revenue beating expenses would be a good first step.
One real contract award should lead to a boatload more though. Will Sigma IPQA be part of the industry standard? Is that where the potential boom is?
Forbes article from almost a year ago, is Sigma the monitoring system they are referring to? Or is Sigma new to Mitsubishi; giving PrintRite a test drive for the first time?
https://www.forbes.com/sites/mitsubishiheavyindustries/2019/09/24/3d-printings-soaring-impact-on-aviation-and-aerospace/#4c0b19f3269c
"In order to comply with strict regulations, manufacturers must be able to guarantee the quality of their finished printed component. In most machines, measuring the size and shape of a printed part is easy. But the only way to check the manufacturing integrity is to break it open, which is self-defeating.
Innovation provides the solution. Haruhiko Niitani, senior vice president and chief business officer of Mitsubishi Heavy Industries Machine Tool (MAT), a part of Mitsubishi Heavy Industries (MHI) Group says the company uses a groundbreaking monitoring system that observes the 3D printing process in real time to ensure quality.
“The unique system analyzes feedback and makes automatic adjustments to guarantee structural consistency,” Niitani says. “Clients can access a complete record of the printing process, giving full product traceability down the line.”
Advances such as these are driving the sector forward."
How about buy and hold for the possibility of the 'holy grail' for IPQA for AM?
Are there more than three outcomes here?
-- They become the industry standard and become huge, stock explodes.
-- Sigma gets bought out; either for a nice price if they prove anywhere successful, or a minimal price to scoop up whatever their patents are worth.
-- They don't make it, bankruptcy, stock worthless.
They just announced an OEM deal on their call last week. I'd guess the vague details and NDA hampered the market reaction.
This kind of news was an expected catalyst for increased revenue and stock price increase?
CEO Ruport mentioned the OEM deal details will be here in the coming weeks, will the actual announcement be a catalyst? Is this a buying opportunity because we know the news is coming? He mentioned they expect the first purchase orders this quarter, revenues should increase tremendously?
Or will this be more of a 'partnership' which would allow the OEM sales staff to offer this as a luxury add-on to the machines? Shortly after the OEM details, will there be more dilution?
Ruport also has spoken about new private investor financing? Not too sure the details there, but would save some stock dilution?
That Materialise partnership was sometime ago, hasn't proven any sales yet.
Unprecedented volume from what I can read on the charts. More attention can only be helpful when/if they announce something good soon.
The day traders seem to be more aware of Sigma with the jump in Nano yesterday.
Hopeful for a contract win for Sigma with high revenue attached.
Could also be a run up to dilution, or both.
Would like any good news before any more dilution.
One positive trend I see is the insane increase in volume since March 19th. Some of this may have to do with the increasing general 3D printing awareness from the pandemic and the possible connection/confusion that Sigma could benefit?
What others reasons are there for this tremendous volume increase? Day traders seem to be in this one more than ever before.
A lot more eyeballs are on Sigma, and that should be a good factor when/if a revenue producing deal is announced.
On a macro level, how really big is the issue of parts going wrong during printing?
Are the machines/software advancing so much that in process quality control will not be cost beneficial after paying $125,000+? per PrintRite device? Does CT scan work well enough to throw away the random part that goes wrong?
Closed-loop control may be a big factor the companies are waiting for. When Sigma announced the Materalise deal, the by-line said this partnership will enable closed-loop control. However I read recently, that closed-loop will currently only 'heal' the product, not make the corrections on the fly?
Sigma is relatively desperate for any kind of revenue producing deal to avoid future financing/another reverse split. The companies they are working with should know this as we do as investors. Are they waiting out Sigma to get a better deal? Is this kind of leverage hurting sales efforts?
In addition to over two million shares traded yesterday, a ton of volume recently.
There's something happening here
What it is ain't exactly clear
3D printing has received more awareness in the public recently. The story of the Italian hospital printing the valves was on MSNBC/Brian Williams show a couple nights ago. This was tied into a broader theme of what innovations can come out of the crisis.
Yesterday's big mid-day jump seems to be tied into Sigma posting the Italian hospital story to its Twitter? Right after, there was the huge spike with high volume.
What kind of jump in price will happen when/if they finally announce real news about their company with revenue attached?
Italian hospital saves Covid-19 patients lives by 3D printing valves for reanimation devices
https://www.3dprintingmedia.network/covid-19-3d-printed-valve-for-reanimation-device/
Golden opportunity of a lifetime then. Sure hope so, I am a believer.
Just surprised with all the 3D industry and Sigma product potential, and the enormous revenue forecasts, more aren't jumping in after today's news.
All the information we have is out there for the public and wall street has so far rejected Sigma.
Seems like a tremendous gambling shot for those who like to take some risk.
'Commercialized Integration to Enable Closed Loop Control'
This was on the top of this morning's announcement. I'm surprised this has not received more attention.
No terms disclosed, and the term 'beta'. I imagine these are the reasons the stock has not taken off. Any solid announcement with Materalise was supposed to be a catalyst?
>>>They know it's a great product, but business being business, they will wait out SGLB till almost BK, so they can swoop in and buy up all of it, dirt cheap<<<
This is my main concern as well. My concern was countered with the expertise within the teams at Sigma are too valuable.
They cannot wait out Sigma to be close to bankrupt, and buy up all the patents. This is because the Sigma teams have to work in tandem with OEM's/end-users to figure out the complex future of IPQA and mass production.
I hope this is the case, but all the OEM's and end-users have all the information we have about the current finances of Sigma. Sigma is relatively desperate for any kind of real revenue producing sale. Is this kind of leverage hampering sales efforts?
Our Partner Materialise seems to have their hands all around the AM industry. And Sigma was invited to their Formnext booth to present to their current and prospective customer base? Sure hope this all means big news in the near future.
Below is from the TCT article, the last sentence mentions a software tool that will that will make the New Product Introduction much faster. Are they talking Sigma?
>>>Mass manufacturing continued to come up, as did the vision for future AM factories which, as Bart alluded to earlier, Materialise is seeing first-hand through its own AM facilities. So what kind of role will software play in those future developments? For one, on the materials side, advancements will require input from software so that machines are able to process new formulations correctly. Another is in the development of new products. Bart offers the example of major industries like medical, aerospace and automotive, where accuracy and reliability are crucial but lengthy new product introduction (NPI) processes can mean certain products take years to come to fruition.
“Making a prototype is not complicated but making sure that you can repeat the quality of the prototype over and over again, that is a big challenge," Bart added. "In order to do so, you need to understand very much how you have to set your parameters on the machine in order to have that properly set to get repeatability.”
Though little details have been shared so far, to that end, Materialise is working on a software tool that will make the NPI process much faster.<<<
Well said, it's tough to stick with the facts when this stock has mostly tanked over the years.
Moreover, it is very difficult to understand why all the partnerships/alliances/trials etc... have not brought any real revenue yet. Look at all those announcements on this page going back to 2016. Tons of big players with no concrete results.
However version 5.1 is the first time PR3D is commercially ready for the end-user and the ease of use has been simplified? Previously there was required on-site Sigma support that was required?
I would hate to be out of this stock the day the first real commercial order is announced. And that potential is why I am all-in here.
>>>Preview: Melt Pool Monitoring - monitoring the weld pool
In addition to Powder Bed Monitoring, in future, the TruPrint 5000 machine will come with Melt Pool Monitoring, so that you can supervise the TruPrint machine's LMF process even more efficiently, and evaluate the quality of the components in the most optimum way.<<<
From the article above, this sounds very promising. Is Sigma the only game in town for melt-pool monitoring?