Sigma
Labs (NASDAQ: SGLB), a leading developer of quality assurance software for
the commercial 3D printing industry, on Thursday reported its financial and
operational results for the third quarter ended September 30, 2019. Among other
highlights, the company reported revenue for the third quarter of $171,003, a
significant increase compared to $128,593 for the same period in 2018. On
Thursday, Sigma Labs Chairman and CEO John Rice and CFO Frank Orzechowski
hosted a conference call to discuss the results for the third quarter. A replay
of the conference call is available through November 28, 2019. To listen to the
replay, dial 1-844-512-2921 for the toll-free line or 1-412-317-6671 for the
international line and use the replay ID: 13695352. “The foundation building
for our PrintRite3D commercial launch has largely been completed from a
financial perspective in the third quarter of 2019,” Sigma Labs chief financial
officer Frank Orzechowski stated in the news release. “Notable improvements to our
sales infrastructure and channels have been made that resulted in several new
RTE programs which can be seen in our growing inventory metric and why we
thought it was important to articulate the multiple revenue opportunities
currently underway with licensing partners and end-users. Moreover, in the
fourth quarter, the pipeline of verbally committed and or signed purchase
orders in the channel currently totals $1.2 million. I am also happy to report
that we are in active negotiations with OEM partners for strategic alternatives
who currently see the immense value in our enterprise and look forward to
providing an update on that front as they develop.”
To view the full press release, visit http://ibn.fm/Vuwks
About Sigma Labs
Sigma Labs, Inc. (NASDAQ: SGLB) is an emerging provider of
quality assurance software to the commercial 3D printing industry under the
PrintRite3D® brand. Founded in 2010, Sigma is a software company that
specializes in the development and commercialization of real-time computer
aided inspection (“CAI”) solutions known as PrintRite3D® for 3D advanced
manufacturing technologies. Sigma Labs’ advanced computer-aided software
product revolutionizes commercial additive manufacturing, enabling
non-destructive quality assurance mid-production, uniquely allowing errors to
be corrected in real-time. For more information, please visit www.SigmaLabsInc.com.
NOTE TO INVESTORS: The latest news and updates
relating to SGLB are available in the company’s newsroom at http://ibn.fm/SGLB
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