Gary the actual ARCW earnings release (below) seems to differ from the the article you released this morning which was:
Arcam Announces 105% Increase in Organic Sales Growth in Q4 and EPS of .37/share for 2014 by Gary Anderson ArcamLeading titanium 3D printer OEM, Arcam AB announced this morning:
Sales increased by 105% to 137.1 MSEK / = $16.5 million USD (vs. 66.9 MSEK in Q4 2013)
Operating income increased to 13.2 MSEK = 1.6 million USD (vs. 6.9 MSEK in Q4 2013)
Net income increased to 15.0 MSEK = $1.8 million USD (vs. 7.6 MSEK in Q4 2013)
Order intake increased to 21 (vs. 10 in Q4 2013) systems
For 2014, the company reported + EPS which increased to 3.10 SEK ( vs. 0.96 in 2013) or .37/share in USD. It's important to note that this figure includes the tax effects of approximately 15.8 MSEK
currency conversion: 3.10 SEK = 0.374087 USD Swedish Krona ? US Dollar 1 SEK = 0.120673 USD 1 USD = 8.28684 SEK
To those following the 3D printing space closely, these numbers may not come as a surprise. Most industry experts agree that the high growth niche for 3D printing is in industrial manufacturing of high grade metal parts for aerospace, defense, medical/prosthetic implant markets. These are markets in which Arcam's Electron Beam Melting (EBM) technology is perfectly suited (see interview with Arcam AB CEO: http://3dprintingstocks.com/arcam-ab-ceo/ ).
Arcam has strong start in 2015 with 5 orders announced YTD:
Order for an Arcam Q10 from an Institute in South America Business Wire (Thu 5:00AM EST) Arcam Wins Order for an Arcam Q20 System from LAI International in Phoenix Business Wire (Thu 4:02AM EST) Order for an Arcam Q10 from China Business Wire (Wed, Jan 21) Arcam receives order for an EBM system from Chinese institute Business Wire (Mon, Jan 19) Arcam wins order for Arcam A2X system from CalRAM Business Wire (Wed, Jan 7)
The earnings release is: ARC Group misses by $0.04, misses on revenue • 4:30 PM Jignesh Mehta, SA News Editor
ARC Group (NASDAQ:ARCW): FQ2 EPS of $0.00 misses by $0.04. Revenue of $27.1M (+35.9% Y/Y) misses by $2.48M. Press Release
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