SGLB - InvestorNewsBreaks - Sigma Labs Inc. (NASDAQ: SGLB) Announces Q1 2022 Financial Results
Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software to the commercial 3D printing industry, has reported its financial and operational results for the first quarter ended March 31, 2022. “The first quarter of 2022 is the beginning of a new era for Sigma Labs. An era in which we move from one-off project sales, to one that we believe is accessible at scale for supporting qualification and production across thousands of machines at hundreds of customer sites,” said Jacob Brunsberg, Sigma's president and chief executive officer. “This transition will not happen overnight but is being accelerated faster than we anticipated. In fact, we began to broadly market under our new subscription model during the first quarter, continue to grow our pipeline, and closed our first subscription sale.”
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About Sigma Labs Inc.
Sigma Labs is a leading provider of in-process quality assurance (“IPQA”) software to the additive manufacturing industry. Sigma specializes in the development and commercialization of real-time monitoring and analytics solutions known as PrintRite3D(R) for 3D metal and polymer advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies real-time during the manufacturing process, enabling significant cost-savings and production efficiencies. Sigma Labs believes its software product will be a major catalyst for the acceleration and adoption of industrial 3D printing. For more information, please visit www.SigmaLabsInc.com.
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