Sigma Labs Inc (SASI)

[maxinkuckee]

Someone posted the Dawson James research report yesterday.
Apparently it has now been removed.

I thought it was confounding in several respects.

1. One of the assumptions for their model is “We assume just 50 metal printers today but see that figure rising to over 4,000 by 2030.”

Those numbers don’t come close to the figures and projections we have seen from Wohlers and others.

2. In their projections of revenue for Sigma, Dawson James uses a “price tag of $375,000 per printer.”

This too does not appear to correlate with the pricing in Sigma’s presentations.

3. The Dawson James computations don’t seem to jive in some of their exhibits.

For example, in Exhibit 6 the top two lines (the number of printers and the growth rate) for 2028-29-30 don’t compute properly.

I would be interested in any comments or enlightenment from others on this board that may have read the report. Thank you.