Sigma Labs Key Executives
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Sigma Labs Earnings
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| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Sigma Labs, Inc., a software company, provides in-process quality assurance software to the additive manufacturing industry. It offers PrintRite3D, an integrated hardware and software edge computing platform that combines inspection, feedback, data collection, and critical analysis. The company also provides PrintRite3D Direct Energy Deposition for metal parts and PrintRite3D Selective Laser Sintering, for polymer materials. It serves aerospace, defense, oil and gas, bio-medical, and power generation industries. The company was formerly known as Framewaves Inc. and changed its name to Sigma Labs, Inc. in September 2010. Sigma Labs, Inc. was incorporated in 1985 and is headquartered in Santa Fe, New Mexico.
$4.15
Stock Price
$3.89M
Market Cap
500
Employees
Santa Fe, NM
Location
Financial Statements
Access annual & quarterly financial statements for Sigma Labs, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Revenue | $630.43K | $1.65M | $807.49K | $402.45K | $388.57K |
| Cost of Revenue | $349.93K | $559.97K | $591.96K | $574.30K | $270.11K |
| Gross Profit | $280.50K | $1.09M | $215.53K | $-171.85K | $118.47K |
| Gross Profit Ratio | 44.49% | 66.10% | 26.69% | -42.70% | 30.49% |
| Research and Development Expenses | $653.19K | $890.55K | $351.40K | $647.99K | $493.41K |
| General and Administrative Expenses | $7.17M | $7.00M | $4.31M | $4.51M | $4.87M |
| Selling and Marketing Expenses | $422.64K | $503.82K | $434.85K | $703.71K | $633.03K |
| Selling General and Administrative Expenses | $7.60M | $7.51M | $4.75M | $5.21M | $4.87M |
| Other Expenses | $703.26K | $1.17M | $664.66K | $299.40K | $327.20K |
| Operating Expenses | $8.95M | $9.57M | $5.76M | $6.16M | $5.69M |
| Cost and Expenses | $9.30M | $10.13M | $6.35M | $6.73M | $5.96M |
| Interest Income | $3.49K | $13.87K | $1.06K | $18.76K | $35.18K |
| Interest Expense | $7.34K | $11.26K | $13.91K | $8.69K | $3.97K |
| Depreciation and Amortization | $119.65K | $1.20M | $467.93K | $271.47K | $192.37K |
| EBITDA | $-8.55M | $-7.28M | $-5.08M | $-6.11M | $-5.34M |
| EBITDA Ratio | -1356.65% | -440.68% | -629.01% | -1518.77% | -1374.58% |
| Operating Income | $-8.67M | $-8.48M | $-5.55M | $-6.38M | $-5.57M |
| Operating Income Ratio | -1375.63% | -513.35% | -686.96% | -1586.22% | -1433.14% |
| Total Other Income Expenses Net | $56.58K | $1.09M | $498.63K | $62.84K | $-5.36K |
| Income Before Tax | $-8.69M | $-7.38M | $-5.20M | $-6.32M | $-5.57M |
| Income Before Tax Ratio | -1378.81% | -447.07% | -643.99% | -1570.61% | -1434.52% |
| Income Tax Expense | $-63.92K | $1.10M | $375.61K | $16.95K | $-1.39K |
| Net Income | $-8.63M | $-8.49M | $-5.58M | $-6.34M | $-5.57M |
| Net Income Ratio | -1368.67% | -513.89% | -690.51% | -1574.82% | -1434.52% |
| EPS | $-16.44 | $-17.27 | $-29.12 | $-107.76 | $-161.62 |
| EPS Diluted | $-16.44 | $-17.27 | $-29.12 | $-107.76 | $-161.62 |
| Weighted Average Shares Outstanding | 524.94K | 491.43K | 191.49K | 58.81K | 34.49K |
| Weighted Average Shares Outstanding Diluted | 524.94K | 491.43K | 191.49K | 58.81K | 34.49K |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $141.99K | $97.04K | $130.16K | $153.68K | $188.25K | $236.66K | $51.84K | $349.24K | $700.24K | $144.15K | $458.14K | $169.54K | $248.53K | $167.69K | $221.73K | $133.41K | $171.00K | $33.58K | $64.45K | $57.90K |
| Cost of Revenue | $176.12K | $36.49K | $63.66K | $37.05K | $79.71K | $193.07K | $40.09K | $150.47K | $164.77K | $116.40K | $128.33K | $191.78K | $97.78K | $57.68K | $244.70K | $238.36K | $178.76K | $60.62K | $96.56K | $71.44K |
| Gross Profit | $-34.13K | $60.55K | $66.50K | $116.63K | $108.53K | $43.59K | $11.75K | $198.77K | $535.47K | $27.75K | $329.81K | $-22.24K | $150.74K | $110.00K | $-22.97K | $-104.95K | $-7.76K | $-27.04K | $-32.10K | $-13.53K |
| Gross Profit Ratio | -24.00% | 62.40% | 51.10% | 75.90% | 57.70% | 18.40% | 22.70% | 56.90% | 76.50% | 19.30% | 72.00% | -13.12% | 60.65% | 65.60% | -10.36% | -78.67% | -4.54% | -80.53% | -49.81% | -23.37% |
| Research and Development Expenses | $245 | $105.26K | $126.71K | $210.65K | $152.25K | $146.88K | $143.42K | $281.74K | $131.77K | $280.70K | $196.34K | $106.40K | $79.67K | $111.65K | $53.69K | $171.65K | $212.23K | $118.84K | $145.27K | $137.30K |
| General and Administrative Expenses | $685.31K | $938.89K | $1.50M | $1.55M | $1.94M | $1.80M | $1.88M | $1.90M | $2.32M | $1.50M | $1.29M | $1.07M | $900.61K | $1.17M | $1.17M | $1.09M | $1.10M | $1.36M | $1.28M | $835.13K |
| Selling and Marketing Expenses | $15.80K | $57.82K | $54.94K | $129.19K | $46.83K | $152.30K | $94.33K | $161.10K | $119.62K | $114.76K | $108.34K | $-247.67K | $272.96K | $171.29K | $238.27K | $194.47K | $194.13K | $- | $- | $633.03K |
| Selling General and Administrative Expenses | $701.11K | $996.71K | $1.55M | $1.68M | $1.99M | $1.95M | $1.97M | $2.06M | $2.44M | $1.61M | $1.40M | $823.86K | $1.17M | $1.35M | $1.40M | $1.28M | $1.30M | $1.36M | $1.28M | $1.47M |
| Other Expenses | $31.91K | $1.12M | $171.31K | $167.75K | $254.16K | $179.85K | $- | $- | $- | $290.16K | $- | $- | $- | $361.70K | $- | $2.50K | $5.76K | $- | $- | $- |
| Operating Expenses | $866.20K | $1.36M | $1.85M | $2.06M | $2.39M | $2.28M | $2.22M | $2.59M | $3.03M | $2.17M | $1.78M | $1.47M | $1.36M | $1.37M | $1.56M | $1.53M | $1.60M | $1.57M | $1.46M | $1.69M |
| Cost and Expenses | $1.04M | $1.40M | $1.91M | $2.10M | $2.47M | $2.47M | $2.26M | $2.74M | $3.19M | $2.29M | $1.91M | $1.66M | $1.46M | $1.43M | $1.80M | $1.77M | $1.78M | $1.63M | $1.55M | $1.76M |
| Interest Income | $- | $9 | $8 | $462 | $278 | $1.18K | $1.57K | $3.81K | $2.98K | $7.02K | $55 | $99 | $77 | $31 | $851 | $1.15K | $4.81K | $7.02K | $5.78K | $8.23K |
| Interest Expense | $3.23K | $3.23K | $3.23K | $1.98K | $1.98K | $2.07K | $1.32K | $5.83K | $2.05K | $2.03K | $1.35K | $1.17K | $6.07K | $6.24K | $431 | $2.28K | $2.15K | $2.14K | $2.12K | $1.28K |
| Depreciation and Amortization | $24.55K | $21.47K | $63.81K | $28.33K | $27.14K | $31.04K | $31.58K | $17.60K | $27.69K | $25.78K | $23.03K | $19.02K | $50.17K | $17.97K | $18.01K | $42.35K | $52.64K | $49.20K | $48.38K | $48.79K |
| EBITDA | $-843.87K | $-1.28M | $-1.72M | $-1.92M | $-2.26M | $-2.20M | $-2.17M | $-2.37M | $-2.46M | $-1.82M | $-1.43M | $-1.47M | $-1.16M | $-885.19K | $-1.56M | $-1.59M | $-1.55M | $-1.54M | $-1.43M | $-1.64M |
| EBITDA Ratio | -594.32% | -1321.62% | -1319.80% | -1247.06% | -1199.12% | -931.63% | -4193.66% | -679.78% | -351.42% | -1261.16% | -311.81% | -866.27% | -467.37% | -527.88% | -705.25% | -1194.58% | -903.76% | -4585.46% | -2223.68% | -2837.60% |
| Operating Income | $-900.33K | $-1.30M | $-1.78M | $-1.94M | $-2.28M | $-2.24M | $-2.28M | $-2.40M | $-2.49M | $-2.14M | $-1.45M | $-1.49M | $-1.21M | $-1.42M | $-1.58M | $-1.64M | $-1.61M | $-1.60M | $-1.54M | $-1.70M |
| Operating Income Ratio | -634.09% | -1343.75% | -1368.83% | -1265.49% | -1213.54% | -944.75% | -4405.42% | -685.91% | -355.80% | -1485.21% | -316.85% | -877.55% | -487.58% | -844.75% | -713.76% | -1229.06% | -940.73% | -4752.86% | -2388.21% | -2936.07% |
| Total Other Income Expenses Net | $28.67K | $-4.08K | $29.95K | $-756 | $-7.88K | $-11.33K | $76.55K | $-1.95K | $439 | $295.35K | $800.94K | $-1.07K | $-6.24K | $506.91K | $-970 | $-2.75K | $7.88K | $2.62K | $55.09K | $6.42K |
| Income Before Tax | $-871.66K | $-1.31M | $-1.75M | $-1.95M | $-2.29M | $-2.25M | $-2.21M | $-2.40M | $-2.49M | $-1.85M | $-650.66K | $-1.49M | $-1.22M | $-909.64K | $-1.58M | $-1.64M | $-1.60M | $-1.59M | $-1.48M | $-1.69M |
| Income Before Tax Ratio | -613.90% | -1347.95% | -1345.81% | -1265.98% | -1217.73% | -949.54% | -4257.76% | -686.47% | -355.73% | -1280.31% | -142.02% | -878.18% | -490.09% | -542.46% | -714.20% | -1231.12% | -936.12% | -4745.07% | -2302.73% | -2924.99% |
| Income Tax Expense | $35.14K | $3.23K | $-26.71K | $-1.22K | $7.88K | $11.33K | $1.32K | $5.83K | $2.05K | $292.19K | $1.35K | $1.17K | $6.07K | $367.94K | $431 | $4.78K | $7.91K | $2.14K | $2.12K | $1.28K |
| Net Income | $-871.66K | $-1.31M | $-1.72M | $-1.94M | $-2.30M | $-2.26M | $-2.21M | $-2.40M | $-2.49M | $-1.85M | $-650.66K | $-1.49M | $-1.22M | $-909.64K | $-1.58M | $-1.64M | $-1.60M | $-1.59M | $-1.48M | $-1.69M |
| Net Income Ratio | -613.90% | -1347.95% | -1325.29% | -1265.19% | -1221.91% | -954.32% | -4257.76% | -686.47% | -355.73% | -1280.31% | -142.02% | -878.18% | -490.09% | -542.46% | -714.20% | -1231.12% | -936.12% | -4745.07% | -2302.73% | -2924.99% |
| EPS | $-1.56 | $-2.43 | $-3.23 | $-3.70 | $-4.38 | $-4.30 | $-4.21 | $-4.59 | $-4.77 | $-3.54 | $-1.83 | $-5.26 | $-8.36 | $-9.84 | $-25.95 | $-23.36 | $-24.91 | $-29.57 | $-31.80 | $-39.26 |
| EPS Diluted | $-1.56 | $-2.43 | $-3.23 | $-3.70 | $-4.38 | $-4.30 | $-4.21 | $-4.59 | $-4.77 | $-3.54 | $-1.83 | $-5.26 | $-8.36 | $-9.84 | $-25.95 | $-23.36 | $-24.91 | $-29.57 | $-31.80 | $-39.26 |
| Weighted Average Shares Outstanding | 560.31K | 538.63K | 534.53K | 524.94K | 524.94K | 513.95K | 524.94K | 524.94K | 524.73K | 524.68K | 389.51K | 295.32K | 233.79K | 162.81K | 73.18K | 70.31K | 64.26K | 53.89K | 46.67K | 43.53K |
| Weighted Average Shares Outstanding Diluted | 560.31K | 538.64K | 534.53K | 524.94K | 524.94K | 524.94K | 524.94K | 525.31K | 524.73K | 524.68K | 389.51K | 295.32K | 233.79K | 162.81K | 73.18K | 70.31K | 64.26K | 53.89K | 46.67K | 43.53K |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $2.85M | $11.45M | $3.70M | $86.92K | $1.28M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $2.85M | $11.45M | $3.70M | $86.92K | $1.28M |
| Net Receivables | $371.62K | $412.19K | $331.56K | $55.54K | $160.71K |
| Inventory | $950.94K | $710.08K | $659.65K | $598.72K | $240.09K |
| Other Current Assets | $105.23K | $114.28K | $90.73K | $199.73K | $67.25K |
| Total Current Assets | $4.27M | $12.68M | $4.78M | $940.90K | $1.75M |
| Property Plant Equipment Net | $304.90K | $232.28K | $138.63K | $128.72K | $277.94K |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $1.13M | $925.11K | $753.12K | $569.34K | $404.98K |
| Goodwill and Intangible Assets | $1.13M | $925.11K | $753.12K | $569.34K | $404.98K |
| Long Term Investments | $- | $- | $- | $500 | $500 |
| Tax Assets | $- | $- | $- | $- | $-500 |
| Other Non-Current Assets | $-1.43M | $-1.16M | $26.00K | $52.00K | $500 |
| Total Non-Current Assets | $1.43M | $1.16M | $917.75K | $750.56K | $683.42K |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $5.70M | $13.84M | $5.70M | $1.69M | $2.43M |
| Account Payables | $277.49K | $206.44K | $128.94K | $727.11K | $217.49K |
| Short Term Debt | $- | $- | $- | $50.00K | $50.00K |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $120.07K | $148.85K | $77.96K | $139.45K | $51.50K |
| Other Current Liabilities | $231.63K | $625.94K | $243.81K | $122.66K | $376.83K |
| Total Current Liabilities | $629.20K | $981.24K | $450.71K | $1.04M | $695.82K |
| Long Term Debt | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $37.73K | $- | $- |
| Other Non-Current Liabilities | $- | $- | $48.34K | $- | $- |
| Total Non-Current Liabilities | $397.56K | $- | $86.07K | $- | $- |
| Other Liabilities | $-397.56K | $- | $- | $- | $- |
| Total Liabilities | $629.20K | $981.24K | $536.78K | $1.04M | $695.82K |
| Preferred Stock | $1 | $1 | $1 | $- | $- |
| Common Stock | $10.50K | $10.50K | $6.00K | $1.40K | $8.78K |
| Retained Earnings | $-49.34M | $-40.59M | $-33.11M | $-26.10M | $-19.77M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $54.41M | $53.44M | $38.26M | $26.75M | $21.50M |
| Total Stockholders Equity | $5.07M | $12.86M | $5.16M | $652.25K | $1.74M |
| Total Equity | $5.07M | $12.86M | $5.16M | $652.25K | $1.74M |
| Total Liabilities and Stockholders Equity | $5.70M | $13.84M | $5.70M | $1.69M | $2.43M |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $5.70M | $13.84M | $5.70M | $1.69M | $2.43M |
| Total Investments | $- | $- | $- | $500 | $500 |
| Total Debt | $- | $- | $- | $50.00K | $50.00K |
| Net Debt | $-2.85M | $-11.45M | $-3.70M | $-36.92K | $-1.23M |
Balance Sheet Charts
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $556.09K | $368.44K | $1.49M | $2.85M | $4.80M | $6.93M | $9.28M | $11.45M | $13.06M | $14.73M | $16.84M | $3.70M | $4.51M | $2.45M | $631.02K | $86.92K | $1.11M | $696.39K | $1.91M | $1.28M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $556.09K | $368.44K | $1.49M | $2.85M | $4.80M | $6.93M | $9.28M | $11.45M | $13.06M | $14.73M | $16.84M | $3.70M | $4.51M | $2.45M | $631.02K | $86.92K | $1.11M | $696.39K | $1.91M | $1.28M |
| Net Receivables | $59.00K | $45.45K | $210.45K | $371.62K | $367.77K | $291.76K | $261.02K | $412.19K | $666.74K | $389.45K | $388.05K | $331.56K | $485.07K | $286.40K | $119.42K | $55.54K | $81.20K | $117.86K | $180.42K | $160.71K |
| Inventory | $775.07K | $940.03K | $944.40K | $950.94K | $967.43K | $783.67K | $782.10K | $710.08K | $856.55K | $847.00K | $747.78K | $659.65K | $574.54K | $585.64K | $505.80K | $598.72K | $712.59K | $570.43K | $296.87K | $240.09K |
| Other Current Assets | $37.83K | $137.10K | $235.00K | $105.23K | $177.72K | $131.47K | $165.27K | $114.28K | $130.68K | $168.33K | $135.45K | $90.73K | $144.06K | $118.03K | $136.72K | $199.73K | $246.45K | $68.72K | $92.44K | $67.25K |
| Total Current Assets | $1.43M | $1.49M | $2.88M | $4.27M | $6.31M | $8.14M | $10.49M | $12.68M | $14.72M | $16.14M | $18.11M | $4.78M | $5.71M | $3.44M | $1.39M | $940.90K | $2.15M | $1.45M | $2.48M | $1.75M |
| Property Plant Equipment Net | $161.97K | $227.79K | $284.19K | $304.90K | $244.84K | $265.68K | $288.92K | $232.28K | $201.75K | $157.49K | $128.32K | $138.63K | $154.20K | $117.01K | $128.53K | $128.72K | $164.96K | $205.54K | $231.52K | $277.94K |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $1.25M | $1.22M | $1.17M | $1.13M | $1.08M | $1.03M | $978.98K | $925.11K | $868.26K | $793.47K | $762.37K | $753.12K | $707.66K | $644.29K | $602.05K | $569.34K | $559.15K | $510.72K | $478.85K | $404.98K |
| Goodwill and Intangible Assets | $1.25M | $1.22M | $1.17M | $1.13M | $1.08M | $1.03M | $978.98K | $925.11K | $868.26K | $793.47K | $762.37K | $753.12K | $707.66K | $644.29K | $602.05K | $569.34K | $559.15K | $510.72K | $478.85K | $404.98K |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $500 | $500 | $500 | $500 | $500 | $500 |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-500 | $-500 | $- | $-500 |
| Other Non-Current Assets | $- | $-1.44M | $-1.45M | $-1.43M | $-1.33M | $-1.29M | $-1.27M | $-1.16M | $-1.07M | $-950.96K | $26.00K | $26.00K | $52.00K | $52.00K | $52.00K | $52.00K | $500 | $500 | $225.00K | $500 |
| Total Non-Current Assets | $1.41M | $1.44M | $1.45M | $1.43M | $1.33M | $1.29M | $1.27M | $1.16M | $1.07M | $950.96K | $916.69K | $917.75K | $913.87K | $813.29K | $783.08K | $750.56K | $724.61K | $716.76K | $935.87K | $683.42K |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.84M | $2.93M | $4.33M | $5.70M | $7.64M | $9.44M | $11.75M | $13.84M | $15.79M | $17.09M | $19.03M | $5.70M | $6.63M | $4.25M | $2.18M | $1.69M | $2.88M | $2.17M | $3.41M | $2.43M |
| Account Payables | $607.21K | $300.56K | $400.64K | $277.49K | $403.55K | $240.40K | $320.55K | $206.44K | $223.16K | $315.77K | $280.44K | $128.94K | $182.12K | $295.22K | $484.11K | $727.11K | $423.06K | $368.06K | $505.88K | $217.49K |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $217.40K | $- | $- | $- | $- | $50.00K | $50.00K | $50.00K | $50.00K | $50.00K |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-1.85M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $111.08K | $127.19K | $153.44K | $120.07K | $129.69K | $130.70K | $160.28K | $148.85K | $85.48K | $63.57K | $76.42K | $77.96K | $92.84K | $99.59K | $94.12K | $139.45K | $99.84K | $78.77K | $81.32K | $51.50K |
| Other Current Liabilities | $145.31K | $115.19K | $219.13K | $231.63K | $287.64K | $253.75K | $416.64K | $625.94K | $432.62K | $2.03M | $4.91M | $243.81K | $230.68K | $272.44K | $165.04K | $122.66K | $199.34K | $271.15K | $290.05K | $376.83K |
| Total Current Liabilities | $863.60K | $542.95K | $773.21K | $629.20K | $820.88K | $624.86K | $897.47K | $981.24K | $741.25K | $563.44K | $5.48M | $450.71K | $505.64K | $667.25K | $743.27K | $1.04M | $772.24K | $767.98K | $927.25K | $695.82K |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $37.73K | $37.73K | $37.73K | $37.73K | $53.55K | $22.07K | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $93.53K | $93.53K | $93.53K | $48.34K | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $554.08K | $397.56K | $533.24K | $371.10K | $480.82K | $355.30K | $131.25K | $131.25K | $131.25K | $86.07K | $53.55K | $22.07K | $- | $- | $- | $- | $- | $- |
| Other Liabilities | $- | $- | $-554.08K | $-397.56K | $-533.24K | $-371.10K | $-480.82K | $-355.30K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $863.60K | $542.95K | $773.21K | $629.20K | $820.88K | $624.86K | $897.47K | $981.24K | $872.50K | $694.69K | $5.61M | $536.78K | $559.19K | $689.32K | $743.27K | $1.04M | $772.24K | $767.98K | $927.25K | $695.82K |
| Preferred Stock | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $2 | $- | $- | $- | $- | $- |
| Common Stock | $652 | $10.77K | $10.77K | $10.50K | $10.50K | $10.50K | $10.50K | $10.50K | $10.50K | $10.49K | $10.49K | $6.00K | $5.83K | $3.93K | $1.82K | $1.40K | $14.04K | $10.94K | $10.54K | $8.78K |
| Retained Earnings | $-53.41M | $-52.52M | $-51.21M | $-49.34M | $-47.38M | $-45.08M | $-42.81M | $-40.59M | $-38.18M | $-35.68M | $-33.82M | $-33.11M | $-31.55M | $-29.60M | $-27.99M | $-26.10M | $-24.45M | $-22.85M | $-21.26M | $-19.77M |
| Accumulated Other Comprehensive Income Loss | $-1 | $-1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $55.38M | $54.90M | $54.75M | $54.41M | $54.19M | $53.88M | $53.66M | $53.44M | $53.09M | $52.06M | $47.23M | $38.26M | $37.61M | $33.15M | $29.43M | $26.75M | $26.54M | $24.24M | $23.73M | $21.50M |
| Total Stockholders Equity | $1.97M | $2.39M | $3.56M | $5.07M | $6.82M | $8.81M | $10.86M | $12.86M | $14.92M | $16.39M | $13.42M | $5.16M | $6.07M | $3.56M | $1.43M | $652.25K | $2.10M | $1.40M | $2.49M | $1.74M |
| Total Equity | $1.97M | $2.39M | $3.56M | $5.07M | $6.82M | $8.81M | $10.86M | $12.86M | $14.92M | $16.39M | $13.42M | $5.16M | $6.07M | $3.56M | $1.43M | $652.25K | $2.10M | $1.40M | $2.49M | $1.74M |
| Total Liabilities and Stockholders Equity | $2.84M | $2.93M | $4.33M | $5.70M | $7.64M | $9.44M | $11.75M | $13.84M | $15.79M | $17.09M | $19.03M | $5.70M | $6.63M | $4.25M | $2.18M | $1.69M | $2.88M | $2.17M | $3.41M | $2.43M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.84M | $2.93M | $4.33M | $5.70M | $7.64M | $9.44M | $11.75M | $13.84M | $15.79M | $17.09M | $19.03M | $5.70M | $6.63M | $4.25M | $2.18M | $1.69M | $2.88M | $2.17M | $3.41M | $2.43M |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $500 | $500 | $500 | $500 | $500 | $500 |
| Total Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $50.00K | $50.00K | $50.00K | $50.00K | $50.00K |
| Net Debt | $-556.09K | $-368.44K | $-1.49M | $-2.85M | $-4.80M | $-6.93M | $-9.28M | $-11.45M | $-13.06M | $-14.73M | $-16.84M | $-3.70M | $-4.51M | $-2.45M | $-631.02K | $-36.92K | $-1.06M | $-646.39K | $-1.86M | $-1.23M |
Annual Cash Flow
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Net Income | $-8.69M | $-7.38M | $-5.20M | $-6.32M | $-5.57M |
| Depreciation and Amortization | $116.17K | $94.11K | $105.17K | $192.57K | $192.37K |
| Deferred Income Tax | $-1.27M | $-37.73K | $37.73K | $- | $- |
| Stock Based Compensation | $907.38K | $1.77M | $939.50K | $797.24K | $1.15M |
| Change in Working Capital | $-543.28K | $315.86K | $-654.40K | $-216.44K | $436.56K |
| Accounts Receivables | $40.57K | $-80.63K | $-276.02K | $-16.74K | $65.74K |
| Inventory | $-240.86K | $-50.43K | $-60.93K | $-358.63K | $-24.84K |
| Accounts Payables | $71.05K | $77.50K | $-598.18K | $509.63K | $116.60K |
| Other Working Capital | $-414.04K | $369.41K | $280.73K | $-350.70K | $279.06K |
| Other Non Cash Items | $1.27M | $-1.05M | $-37.73K | $32.68K | $36.73K |
| Net Cash Provided by Operating Activities | $-8.21M | $-6.30M | $-4.81M | $-5.51M | $-3.76M |
| Investments in Property Plant and Equipment | $-388.96K | $-359.75K | $-298.86K | $-207.71K | $-228.53K |
| Acquisitions Net | $- | $- | $500 | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $-224.34K | $-177.23K | $500 | $121.91K | $632.20K |
| Net Cash Used for Investing Activities | $-388.96K | $-359.75K | $-298.36K | $-85.80K | $403.67K |
| Debt Repayment | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $3.60M | $- | $2.04M |
| Common Stock Repurchased | $- | $- | $1.81M | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $-15.12K |
| Other Financing Activities | $- | $14.40M | $8.72M | $4.41M | $3.14M |
| Net Cash Used Provided by Financing Activities | $- | $14.40M | $8.72M | $4.41M | $3.12M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-8.60M | $7.75M | $3.61M | $-1.19M | $-235.89K |
| Cash at End of Period | $2.85M | $11.45M | $3.70M | $86.92K | $1.28M |
| Cash at Beginning of Period | $11.45M | $3.70M | $86.92K | $1.28M | $1.52M |
| Operating Cash Flow | $-8.21M | $-6.30M | $-4.81M | $-5.51M | $-3.76M |
| Capital Expenditure | $-388.96K | $-359.75K | $-298.86K | $-207.71K | $-228.53K |
| Free Cash Flow | $-8.60M | $-6.66M | $-5.11M | $-5.72M | $-3.99M |
Cash Flow Charts
| Breakdown | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-871.66K | $-1.31M | $-1.75M | $-1.95M | $-2.29M | $-2.25M | $-2.21M | $-2.40M | $-2.49M | $-1.85M | $-650.66K | $-1.49M | $-1.22M | $-909.64K | $-1.58M | $-1.64M | $-1.60M | $-1.59M | $-1.48M | $-1.69M |
| Depreciation and Amortization | $24.55K | $21.47K | $28.13K | $27.86K | $26.86K | $29.86K | $31.58K | $17.60K | $27.69K | $25.78K | $23.03K | $19.02K | $50.17K | $17.97K | $18.01K | $42.35K | $52.64K | $49.20K | $48.38K | $192.37K |
| Deferred Income Tax | $- | $-0 | $2.52K | $429.15K | $-453.89K | $- | $- | $-37.73K | $- | $- | $- | $37.73K | $- | $- | $- | $- | $- | $- | $- | $-192.37K |
| Stock Based Compensation | $89.87K | $144.28K | $232.09K | $198.49K | $303.54K | $200.94K | $204.41K | $341.30K | $1.01M | $202.20K | $209.93K | $211.30K | $58.22K | $270.82K | $154.17K | $168.47K | $154.62K | $219.94K | $254.21K | $352.04K |
| Change in Working Capital | $613.87K | $37.00K | $181.95K | $-106.55K | $-110.00K | $-271.11K | $-55.62K | $526.14K | $-71.37K | $-118.31K | $-20.60K | $125.31K | $-321.65K | $-304.15K | $-153.91K | $399.84K | $-384.50K | $-346.54K | $114.75K | $225.80K |
| Accounts Receivables | $-13.55K | $165.00K | $161.17K | $-3.85K | $-76.01K | $-30.74K | $151.17K | $254.55K | $-277.29K | $-1.40K | $-56.49K | $153.50K | $-198.66K | $-166.98K | $-63.88K | $25.66K | $-43.22K | $33.97K | $-33.15K | $73.24K |
| Inventory | $164.97K | $4.37K | $6.54K | $16.49K | $-183.77K | $-1.57K | $-72.02K | $146.47K | $-9.55K | $-99.22K | $-88.13K | $-85.11K | $11.10K | $-79.84K | $92.92K | $113.87K | $-142.16K | $-273.56K | $-56.78K | $-3.56K |
| Accounts Payables | $349.17K | $-100.08K | $123.15K | $-126.06K | $163.15K | $-80.15K | $114.11K | $-16.71K | $-92.61K | $35.33K | $151.50K | $-53.19K | $-113.10K | $-188.89K | $-243.00K | $304.06K | $55.00K | $-137.83K | $288.39K | $-52.92K |
| Other Working Capital | $113.28K | $-32.29K | $-108.91K | $6.87K | $-13.37K | $-158.66K | $-248.87K | $141.84K | $308.08K | $-53.02K | $-27.48K | $110.10K | $-20.99K | $131.56K | $60.06K | $-43.75K | $-254.12K | $30.88K | $-83.71K | $209.04K |
| Other Non Cash Items | $-28.63K | $0 | $-2.52K | $-429.15K | $453.89K | $373.11K | $74.32K | $37.73K | $1 | $-290.16K | $-802.28K | $1.72K | $248.29K | $15.31K | $39.62K | $15.57K | $17.11K | $-126.59K | $368.96K | $48.79K |
| Net Cash Provided by Operating Activities | $-172.00K | $-1.11M | $-1.31M | $-1.83M | $-2.07M | $-2.29M | $-2.03M | $-1.51M | $-1.52M | $-2.03M | $-1.24M | $-1.13M | $-1.24M | $-909.69K | $-1.53M | $-1.02M | $-1.76M | $-1.67M | $-1.07M | $-1.07M |
| Investments in Property Plant and Equipment | $-40.39K | $-57.43K | $-47.69K | $-129.01K | $-60.91K | $-56.95K | $-142.10K | $-104.98K | $-146.75K | $-86.05K | $-21.97K | $-48.91K | $-150.74K | $-48.68K | $-50.53K | $-16.30K | $-60.49K | $-55.09K | $-75.83K | $-66.23K |
| Acquisitions Net | $35.48K | $42.52K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $-14.92K | $-47.69K | $-48.24K | $-60.91K | $-56.35K | $-58.85K | $-39.09K | $-83.05K | $-38.47K | $-16.62K | $-48.91K | $-74.14K | $500 | $-39.05K | $1.39K | $105.52K | $-32.56K | $15.00K | $-42.26K |
| Net Cash Used for Investing Activities | $-4.91K | $-14.92K | $-47.69K | $-129.01K | $-60.91K | $-56.95K | $-142.10K | $-104.98K | $-146.75K | $-86.05K | $-21.97K | $-48.91K | $-150.74K | $-48.18K | $-50.53K | $-14.91K | $45.03K | $-55.09K | $-60.83K | $-66.23K |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $364.56K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $2.39M | $- | $1.50M | $2.10M | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-160.62K | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-7.64K |
| Other Financing Activities | $364.56K | $- | $- | $- | $- | $- | $14.22K | $- | $- | $- | $14.40M | $372.45K | $3.46M | $2.77M | $2.12M | $6.63K | $2.13M | $515.00K | $1.76M | $192.13K |
| Net Cash Used Provided by Financing Activities | $364.56K | $- | $- | $- | $- | $- | $-14.22K | $- | $- | $- | $14.40M | $372.45K | $3.46M | $2.77M | $2.12M | $6.63K | $2.13M | $515.00K | $1.76M | $184.49K |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $14.22K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $187.64K | $-1.12M | $-1.36M | $-1.95M | $-2.13M | $-2.34M | $-2.17M | $-1.62M | $-1.67M | $-2.11M | $13.14M | $-809.73K | $2.06M | $1.81M | $544.10K | $-1.02M | $415.04K | $-1.21M | $627.58K | $-948.76K |
| Cash at End of Period | $556.09K | $368.44K | $1.49M | $2.85M | $4.80M | $6.93M | $9.28M | $11.45M | $13.06M | $14.73M | $16.84M | $3.70M | $4.51M | $2.45M | $631.02K | $86.92K | $1.11M | $696.39K | $1.91M | $1.28M |
| Cash at Beginning of Period | $368.44K | $1.49M | $2.85M | $4.80M | $6.93M | $9.28M | $11.45M | $13.06M | $14.73M | $16.84M | $3.70M | $4.51M | $2.45M | $631.02K | $86.92K | $1.11M | $696.39K | $1.91M | $1.28M | $2.23M |
| Operating Cash Flow | $-172.00K | $-1.11M | $-1.31M | $-1.83M | $-2.07M | $-2.29M | $-2.03M | $-1.51M | $-1.52M | $-2.03M | $-1.24M | $-1.13M | $-1.24M | $-909.69K | $-1.53M | $-1.02M | $-1.76M | $-1.67M | $-1.07M | $-1.07M |
| Capital Expenditure | $-40.39K | $-57.43K | $-47.69K | $-129.01K | $-60.91K | $-56.95K | $-142.10K | $-104.98K | $-146.75K | $-86.05K | $-21.97K | $-48.91K | $-150.74K | $-48.68K | $-50.53K | $-16.30K | $-60.49K | $-55.09K | $-75.83K | $-66.23K |
| Free Cash Flow | $-212.40K | $-1.16M | $-1.36M | $-1.95M | $-2.13M | $-2.34M | $-2.17M | $-1.62M | $-1.67M | $-2.11M | $-1.26M | $-1.18M | $-1.39M | $-958.37K | $-1.58M | $-1.03M | $-1.82M | $-1.73M | $-1.14M | $-1.13M |
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Sigma Additive Solutions, Inc. Announces Transition to NextTrip, Inc.
Corporate Name Change Reflects Strategic Business Transition Following Acquisition of Travel Technology Company NextTrip Holdings, Inc. NextTrip, Inc. to Begin Trading on the Nasdaq Capital Market Under New Ticker Symbol "NTRP" on March 13, 2024 SANTA FE, NM / ACCESSWIRE / March 12, 2024 / Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company") today announced that, effective Wednesday, March 13, 2024, it will change its corporate name to, and begin operating as, "NextTrip, Inc.", reflecting the transition of the Company following its acquisition of NextTrip Holdings, Inc., a travel technology company based in Sunrise, Florida. In conjunction with the change, the Company's common stock will begin trading on the Nasdaq Capital Market (NASDAQ) under the new ticker symbol "NTRP", effective at the open of market trading on March 13, 2024.
Sigma Additive Solutions Announces Special Meeting of Stockholders to Approve Name Change to NextTrip, Inc. and Amendment to Charter to Increase Authorized Shares of Common Stock
Management to Host Virtual Special Meeting on Friday, March 8, 2024, at 10:00 a.m. Mountain Time Stockholders as of the Close of Business on the Record Date of January 29, 2024, are Encouraged to Vote FOR the Proposals For More Information, Sigma's Stockholders are Encouraged to Carefully Read the Entire Proxy Statement Filed in Connection with the Proposals SANTA FE, NM / ACCESSWIRE / February 12, 2024 / Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma," "we," "our," or the "Company") today announced that it will hold a special meeting of stockholders virtually, via live webcast on Friday, March 8, 2024, at 10:00 a.m.
Sigma Additive Solutions Completes Quality Assurance Software Asset Sale to Divergent Technologies
Company Focus Transitions to NextTrip and Travel Operations with Clean Balance Sheet SANTA FE, NM / ACCESSWIRE / January 16, 2024 / Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company") today announced it has closed the sale of intellectual property assets related to its additive quality assurance product to Divergent Technologies, Inc. in conjunction with its recent acquisition of NextTrip Holdings, Inc. ("NextTrip"). On October 6, 2023, Sigma entered into an Asset Purchase Agreement with Divergent Technologies to sell certain Sigma assets, consisting primarily of patents, software code and other intellectual property, to Divergent Technologies for a purchase price of $1.6 million with the closing expected subsequent to the acquisition of NextTrip.
Sigma Additive Solutions Completes Acquisition of Travel Technology Company NextTrip Holdings
Sigma Additive Solutions Shareholders Approved Proposals Enabling Acquisition of NextTrip Holdings, Inc. on December 28, 2023 NextTrip Specializes in Using Proprietary Technology, Analytics and Strategic Partnerships to Provide Specialized Solutions in Leisure, Wellness and Business Travel SANTA FE, NM / ACCESSWIRE / January 3, 2024 / Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company") today announced the completion of its acquisition of NextTrip Holdings, Inc., a travel technology company based in Sunrise, Florida ("NextTrip"), through a previously announced share exchange. The acquisition, which was first announced October 2023, closed on December 29, 2023, at which time NextTrip became a wholly owned subsidiary of the Company.
Sigma Additive Solutions Reports Third Quarter 2023 Financial Results
SANTA FE, NM / ACCESSWIRE / November 13, 2023 / Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company"), a provider of quality assurance software to the commercial 3D printing industry, has reported its financial and operating results for the quarter ended September 30, 2023. Third Quarter 2023 Results Conference Call Due to the signing of a definitive agreement (the "Agreement") for the acquisition of NextTrip Holdings, Inc., a travel technology company based in Sunrise, Florida ("NextTrip"), and the signing of a definitive asset purchase agreement (the "APA") to sell its in-process quality assurance technology suite of assets to Divergent Technologies, Inc. (Divergent), Sigma is not hosting its regular quarterly conference call.
Why Is Sigma Additive Solutions (SASI) Stock Down 27% Today?
Sigma Additive Solutions (NASDAQ: SASI ) stock is falling on Friday as the software company's shares gave up some gains it received on Friday! Sigma Additive Solutions stock underwent a massive 139.5% rally during normal trading hours on Friday.
Why Is Sigma Additive Solutions (SASI) Stock Up 120% Today?
After consistently struggling for momentum over the past several years, Sigma Additive Solutions (NASDAQ: SASI ) — a quality assurance software provider to the commercial 3D printing industry — finally brought welcome news to its shareholders. Today, the company announced the acquisition of NextTrip Holdings, a travel technology company.
Sigma Additive Solutions Announces Signing of Definitive Agreement for NextTrip Acquisition
SANTA FE, N.M. & SUNRISE, Fla.--(BUSINESS WIRE)--Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company"), a provider of quality assurance software to the commercial 3D printing industry, today announced the signing of a definitive agreement (the “Agreement”) for the acquisition of NextTrip Holdings, Inc., a travel technology company based in Sunrise, Florida (“NextTrip”). Additionally, Sigma has signed a definitive asset purchase agreement (the “APA”) to sell its i.
Sigma Additive Solutions, Inc. Announces Reverse Stock Split to Regain Nasdaq Compliance and Facilitate Recently Announced Strategic Transactions
SANTA FE, NM / ACCESSWIRE / September 21, 2023 / Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma" or the "Company") will effect a 1-for-20 reverse stock split of its outstanding common stock to seek to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq Listing Rule 5550(a)(2) by the October 8, 2023 deadline for doing so. Regaining compliance is also expected to facilitate the transactions contemplated by Sigma's recently announced non-binding letters of intent to acquire NextTrip Holdings, Inc. and sell certain quality assurance software assets.
Sigma Additive Solutions Announces LOIs to Acquire Travel Technology Innovator NextTrip and Sell Assets of Quality Assurance Software to Strategic Buyer
SANTA FE, N.M. & SUNRISE, Fla.--(BUSINESS WIRE)--Sigma Additive Announces LOIs to Acquire Travel Technology Innovator NextTrip and Sell Assets of Quality Assurance Software to Strategic Buyer.
Sigma Additive Solutions Reports Second Quarter 2023 Financial Results
SANTA FE, NM / ACCESSWIRE / August 14, 2023 / Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company"), a leading provider of quality assurance software to the commercial 3D printing industry, has reported its financial and operating results for the quarter ended June 30, 2023. Second Quarter 2023 Results Conference Call Due to discussions related to the Company's ongoing consideration of a range of strategic alternatives designed to enhance shareholder value, including a possible strategic investment, acquisition, merger, business combination, or similar transaction, Sigma is not hosting its regular quarterly conference call.
Why Is Sigma Additive Solutions (SASI) Stock Down 40% Today?
Sigma Additive Solutions (NASDAQ: SASI ) stock is falling on Friday as the company fails to find a buyer while pursuing strategic alternatives. According to a filing with the Securities and Exchange Commission (SEC), the company was unable to reach an agreement with any of the potential buyers it spoke with.
Bears are Losing Control Over Sigma Additive Solutions, Inc. (SASI), Here's Why It's a 'Buy' Now
After losing some value lately, a hammer chart pattern has been formed for Sigma Additive Solutions, Inc. (SASI), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Sigma Additive Solutions, Inc. (SASI) Q4 2022 Earnings Call Transcript
Sigma Additive Solutions, Inc. (NASDAQ:SASI ) Q4 2022 Earnings Conference Call March 30, 2023 4:30 PM ET Company Participants Christopher Tyson - Executive Vice President, MZ North America Jacob Brunsberg - President and Chief Executive Officer Frank Orzechowski - Chief Financial Officer and Secretary Conference Call Participants Scott Buck - H.C. Wainwright Troy Jensen - Lake Street Capital Markets Operator Good day, and welcome to the Sigma Additive Solutions Fourth Quarter and Final Year 2022 Financial Results Conference Call and Webcast.
Sigma Additive Solutions to Host Fourth Quarter and Full Year 2022 Results Conference Call on Thursday March 30, 2023 at 4:30 p.m. Eastern Time
SANTA FE, NM / ACCESSWIRE / March 21, 2023 / Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company"), a leading developer of quality assurance software to the commercial 3D printing industry, will hold a conference call on Thursday, March 30, 2023 at 4:30 p.m. Eastern time to discuss its results for the fourth quarter and full year ended December 31, 2022.
SaaS Alerts Releases Third Annual SaaS Application Security Insights (SASI) Report
Report Reveals the Latest Cyber Trends and Threats, and Actionable Insights for Managed Service Providers to Better Protect Customers WILMINGTON, N.C., March 14, 2023 /PRNewswire/ — SaaS Alerts, the cybersecurity company purpose-built for MSPs to protect and monetize their customers’ business SaaS applications, today unveiled the findings of its third annual SaaS Application Security Insights […]...
Sigma Additive Solutions Reports Third Quarter 2022 Financial Results
SANTA FE, N.M.--(BUSINESS WIRE)--Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company"), a leading developer of quality assurance software to the commercial 3D printing industry, has reported its financial and operational results for the quarter ended September 30, 2022. Key Third Quarter and Subsequent 2022 Highlights and Business Update Sigma expands its OEM footprint with in-process quality assurance software to be certified as PrintRite3D Ready to work with SLM Solutions’ industrial metal additive manufacturing machines utilizing SLM’s open architecture and SLM.Quality API Partnered with Novanta, a premier global supplier of laser photonics, to pioneer the first fully integrated scan head with quality assurance – agnostic of original equipment manufacturer (OEM) printer Launched software-only module, PrintRite3D® Machine Health in beta, focused on standardizing machine health data logs, which will be connected to our future broader software product base that includes Process Health and Part Health modules Announced agreement with Dyndrite allowing connection of Dyndrite-generated tool paths to in-process quality data for the first time Appointed Stephan Kuehr, founder of 3YOURMIND and additive industry veteran, as General Manager of European Operations to help bring our digital quality assurance future to the next level, deepening OEM and independent software vendor (ISV) relationships “As noted last quarter, we are tracking the following key performance indicators (KPIs) to monitor the progress and execution of our new business plan: (1) revenue; (2) order backlog; (3) pipeline growth; (4) deal closure time reduction; and (5) partner expansion. These are the KPIs we see as critical to achieving our business plan over the next two years. To be clear, we are focused on moving away from only selling an individual printer solution, to supporting the additive industry, as a whole, at scale,” stated Jacob Brunsberg, President and Chief Executive Officer of Sigma. KPIs to Monitor Progress: Revenue of $188 thousand in Q3, tracking with a shift to subscription pricing heading into the launch of our first software-only product in Q4, with others targeted first half of 2023 Order backlog for the fourth quarter, defined as firm orders received but not yet shipped, totaled $334 thousand of both perpetual and subscription sales. This represents an increase in our order backlog of 39% from the second quarter Pipeline remained strong, with over 250 active qualified leads, and aging/stagnant leads are re-emerging as a result of our software only path Average deal cycle closure time showing continued reduction at 4.4 months Partner additions increased ahead of plan, bringing the total to 6 OEM/hardware partners (Novanta, Additive Industries, DMG Mori, Aconity, amace, and SLM Solutions) and 4 ISV partners (Materialise, AMFG, Sentient Science, and Dyndrite) Management Commentary “We continue to move with urgency in our business transition. We have a mission to accelerate the adoption of additive manufacturing by setting the standard for quality, and we have charted our path to deliver the first holistic digital quality experience for the additive industry with the following objectives: Simplifying the quality experience from up to twelve disparate software licenses and multiple manual spreadsheets, to a single user experience that is integrated with production workflow Building strategic partnerships, expanding our partner ecosystem, and best ensuring success of existing customers as they move into production Offering products that are easier to use and less expensive, both for initial purchases and as expansion opportunities Attracting a strategic corporate investment partner with clear product, customer, and financial synergies “Consistent with our new business model, during the quarter we developed new partnerships, software and hardware solutions that simplify quality workflow, and the setup of networks to further enable us to deploy our technology at scale,” said Brunsberg. “We have begun to launch our new software only suite of solutions. In addition to the just announced beta release of our machine health module, a future “process” health module, together with our melt pool analytics for the “part”, will provide a holistic in-process quality base for us to connect to the broader digital quality ecosystem. “Further, we have re-aligned resources to accelerate our strategy, including a focus on reducing operating expenses and the addition of strategic talent, increased our OEM and software footprint, and continued work to close on our corporate development initiatives around strategic investment and M&A. “We believe the industry is evolving. Application programming interfaces (APIs) are opening up as some of our relationships with OEMs have become public. There is also a trend toward consolidation in additive manufacturing as companies align for profitability. Sigma has made demonstrable progress in 2022 connecting to other products in the AM digital quality stream, and a connection to a strategic partner paired with near term execution can augment our ability to scale, support the market, and create value. Further, we believe alignment with a strategic partner would allow for common growth, vision, and funding of the Company to achieve its mission, but would also provide an opportunity for other strategic relationships, including potential future acquisitions that could further accelerate the execution of our digital quality vision. “Looking ahead, we continue to make progress on our evolution to a subscription pricing model and transform to software only product options. We believe this transition will make Sigma accessible at scale for supporting qualification and production across thousands of machines at hundreds of customer sites, and significantly impact the additive manufacturing quality with scalable solutions that improve machine, process, and part quality,” Brunsberg concluded. Third Quarter 2022 Financial Results Revenue for the third quarter of 2022 totaled $188,245 as compared to $700,237 for the third quarter of 2021. The decrease was primarily due to fewer PrintRite3D® unit sales, and a decrease in contract additive manufacturing revenue partially offset by an increase in annual maintenance contract renewals, as compared to the third quarter of 2021. Gross profit for the third quarter of 2022 was $108,532, which resulted in a gross margin of 58% as compared to $535,471, or 76%, in the third quarter of 2021. Operating expenses for the third quarter of 2022 were $2.4 million as compared to $3.0 million for the same period in 2021. The decrease in operating expenses was primarily attributable to a decrease in stock-based compensation expense and organization costs. Cash used in operating activities for the nine months ended September 30, 2022 totaled $6.4 million as compared to $4.8 million in the nine months ended September 30, 2021, an increase of $1.6 million. Net loss for the third quarter of 2022 was $2.3 million, or $0.22 per share, as compared to a net loss of $2.5 million, or $0.24 per share, in the third quarter of 2021. Cash totaled $4.8 million at September 30, 2022, as compared to $11.4 million at December 31, 2021. Third Quarter 2022 Results Conference Call Sigma Additive Solutions CEO Jacob Brunsberg and CFO Frank Orzechowski will host the conference call, followed by a question-and-answer period. To access the call, please use the following information: Date: Monday November 14, 2022 Time: 8:30 a.m. Eastern time, 5:30 a.m. Pacific time Toll-free dial-in number: 1-877-300-8521 International dial-in number: 1-412-317-6026 Conference ID: 10172669 Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MZ Group at 1-949-491-8235. The conference call will be broadcast live and available for replay at https://viavid.webcasts.com/starthere.jsp?ei=1578896&tp_key=d0ac064246 and via the investor relations section of the Company's website at www.sigmaadditive.com. A replay of the conference call will be available after 11:30 a.m. Eastern time through November 28, 2022. Toll-free replay number: 1-844-512-2921 International replay number: 1-412-317-6671 Replay ID: 10172669 About Sigma Additive Solutions Sigma Additive Solutions, Inc. is a leading provider of in-process quality assurance (IPQA™) solutions to the additive manufacturing industry. Sigma specializes in the development and commercialization of real-time monitoring and analytics known as PrintRite3D® 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 by reducing waste, increasing yield and shortening cycle times. Sigma believes its software solutions will be a major catalyst for the acceleration and adoption of industrial 3D printing. For more information, please visit www.sigmaadditive.com. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are risks relating to, among other things, market and other conditions, Sigma’s business and financial condition, the extent of the market's acceptance of PrintRite3D®, Sigma’s ability to satisfy its capital needs through increasing its revenue and obtaining additional financing, and general economic, industry or political conditions in the United States or internationally. Sigma disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact Sigma’s forward-looking statements, please see disclosures contained in Sigma's public filings with the SEC, including the "Risk Factors" in Sigma's Annual Report on Form 10-K, which may be viewed at www.sec.gov. Sigma Additive Solutions, Inc. (formerly Sigma Labs, Inc.) Condensed Balance Sheets September 30, 2022 (Unaudited) December 31, 2021 ASSETS Current Assets: Cash $ 4,800,680 $ 11,447,047 Accounts Receivable, net 367,770 412,192 Inventory 967,432 710,080 Prepaid Assets 177,724 114,278 Total Current Assets 6,313,606 12,683,597 Other Assets: Property and Equipment, net 244,838 232,282 Intangible Assets, net 1,084,205 925,111 Total Other Assets 1,329,043 1,157,393 TOTAL ASSETS $ 7,642,649 $ 13,840,990 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Accounts Payable $ 403,547 $ 206,442 Deferred Revenue 129,689 148,855 Accrued Expenses 287,645 625,942 Total Current Liabilities 820,881 981,239 TOTAL LIABILITIES 820,881 981,239 Stockholders’ Equity Preferred Stock, $0.001 par value; 10,000,000 shares authorized; 465 shares issued and outstanding 1 1 Common Stock, $0.001 par value; 24,000,000 shares authorized; 10,498,802 shares issued and outstanding 10,499 10,499 Additional Paid-In Capital 54,193,981 53,442,431 Accumulated Deficit (47,382,713 ) (40,593,180 ) Total Stockholders’ Equity 6,821,768 12,859,751 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,642,649 $ 13,840,990 Sigma Additive Solutions, Inc. (formerly Sigma Labs, Inc.) Condensed Statements of Operations (Unaudited) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 REVENUES $ 188,245 $ 700,237 $ 476,749 $ 1,302,525 COST OF REVENUE 79,713 164,766 312,879 409,493 GROSS PROFIT 108,532 535,471 163,870 893,032 OPERATING EXPENSES: Salaries & Benefits 1,227,805 1,222,760 3,704,633 3,055,279 Stock-Based Compensation 275,418 659,512 613,833 893,431 Operations and R&D Costs 152,245 131,772 442,548 608,812 Investor, Public Relations and Marketing 46,832 119,622 293,458 342,725 Organization Costs 140,522 342,112 260,088 578,256 Legal & Professional Service Fees 252,886 261,075 608,830 681,941 Office Expenses 183,608 172,238 692,640 472,335 Depreciation & Amortization 26,857 27,689 88,302 76,502 Other Operating Expenses 86,783 90,108 263,747 267,663 Total Operating Expenses 2,392,956 3,026,888 6,968,079 6,976,944 LOSS FROM OPERATIONS (2,284,424 ) (2,491,417 ) (6,804,209 ) (6,083,912 ) OTHER INCOME (EXPENSE) Interest Income 278 2,981 3,025 10,053 State Incentives - - 76,628 - Exchange Rate Loss (6,184 ) (490 ) (16,950 ) (333 ) Interest Expense (1,978 ) (2,052 ) (5,367 ) (5,434 ) Other Income - - - 1,092,441 Total Other Income (Expense) (7,884 ) 439 57,336 1,096,727 LOSS BEFORE PROVISION FOR INCOME TAXES (2,292,308 ) (2,490,978 ) (6,746,873 ) (4,987,185 ) Provision for income Taxes - - - - Net Loss $ (2,292,308 ) $ (2,490,978 ) $ (6,746,873 ) $ (4,987,185 ) Preferred Dividends (14,220 ) (14,220 ) (42,660 ) (89,347 ) Net Loss Applicable to Common Stockholders $ (2,306,528 ) $ (2,505,198 ) $ (6,789,533 ) $ (5,076,532 ) Net Loss per Common Share – Basic and Diluted $ (0.22 ) $ (0.24 ) $ (0.65 ) $ (0.53 ) Weighted Average Number of Shares Outstanding – Basic and Diluted 10,498,802 10,494,560 10,498,802 9,602,666 Sigma Additive Solutions, Inc. (formerly Sigma Labs, Inc.) Condensed Statements of Cash Flows (Unaudited) Nine Months Ended September 30, 2022 September 30, 2021 OPERATING ACTIVITIES Net Loss $ (6,746,873 ) $ (4,987,185 ) Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities: Noncash Expenses: Depreciation and Amortization 88,302 76,502 Gain on Derivative Liability - (1,092,441 ) Stock-Based Compensation - Employees 613,833 893,431 Stock-Based Compensation - Third Party Services 24,463 128,809 Stock-Based Compensation - Directors 70,594 404,580 Change in Assets and Liabilities: Accounts Receivable 44,422 (335,178 ) Inventory (257,352 ) (196,896 ) Prepaid Assets (63,446 ) (13,940 ) Accounts Payable 197,105 94,220 Deferred Revenue (19,166 ) 7,523 Accrued Expenses (338,297 ) 233,985 NET CASH USED IN OPERATING ACTIVITIES (6,386,415 ) (4,786,590 ) INVESTING ACTIVITIES Purchase of Property and Equipment (83,848 ) (116,631 ) Purchase of Intangible Assets (176,104 ) (138,141 ) NET CASH USED IN INVESTING ACTIVITIES (259,952 ) (254,772 ) FINANCING ACTIVITIES Gross Proceeds from Public and Private Issuances of Securities - 14,869,899 Less Offering Costs - (1,600,967 ) Proceeds from Exercise of Warrants - 1,136,010 NET CASH PROVIDED BY FINANCING ACTIVITIES - 14,404,942 NET CHANGE IN CASH FOR PERIOD (6,646,367 ) 9,363,580 CASH AT BEGINNING OF PERIOD 11,447,047 3,700,814 CASH AT END OF PERIOD $ 4,800,680 $ 13,064,394 Supplemental Disclosures: Noncash Investing and Financing Activities Disclosure: Issuance of Common Shares for Preferred Dividends $ - $ 89,347 Other Noncash Operating Activities Disclosure: Issuance of Securities for services $ 95,057 $ 533,387 Disclosure of Cash Paid for: Interest $ 5,367 $ 5,434 Income Taxes $ - $ -
Sigma Additive Solutions to Host Third Quarter 2022 Results Conference Call on Monday November 14, 2022 at 8:30 a.m. Eastern Time
SANTA FE, NM / ACCESSWIRE / October 27, 2022 / Sigma Additive Solutions, Inc. (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company"), a leading developer of quality assurance software to the commercial 3D printing industry, will hold a conference call on Monday November 14, 2022 at 8:30 a.m. Eastern time to discuss its results for the third quarter ended September 30, 2022.
Sigma Labs, Inc. (SASI) CEO Jacob Brunsberg on Q2 2022 Results - Earnings Call Transcript
Sigma Labs, Inc. (NASDAQ:SASI ) Q2 2022 Results Conference Call August 5, 2022 8:30 AM ET Company Participants Chris Tyson - EVP, MZ North America Jacob Brunsberg - CEO Frank Orzechowski - CFO Conference Call Participants Scott Buck - H.C. Wainright Troy Jensen - Lake Street Capital Larry Holub - Holub Family Office Operator Good day, and welcome to the Sigma Additive Solutions Second Quarter 2022 Financial Results Conference Call and Webcast.
Sigma Additive Solutions to Host Second Quarter 2022 Results Conference Call on Friday August 5, 2022 at 8:30 a.m. Eastern Time
SANTA FE, NM / ACCESSWIRE / July 25, 2022 / Sigma Additive Solutions (NASDAQ:SASI) ("Sigma"), a leading developer of quality assurance software to the commercial 3D printing industry, will hold a conference call on Friday August 5, 2022 at 8:30 a.m. Eastern time to discuss its results for the second quarter ended June 30, 2022.
Sigma Additive Solutions to Present at the LD Micro Invitational XII Conference on June 7, 2022
SANTA FE, NM / ACCESSWIRE / May 25, 2022 / Sigma Additive Solutions (NASDAQ:SASI) ("Sigma", "we," "our," or the "Company"), a leading developer of quality assurance software to the commercial 3D printing industry, will present at the in-person LD Micro Invitational XII Conference being held at the Four Seasons in Westlake Village, CA on June 7 - 9, 2022. Sigma Additive Solutions Chief Executive Officer Jacob Brunsberg will conduct 25-minute in-person one-on-one meetings and deliver the Company's in-person presentation which can be viewed live and via replay at the webcast link below and will also be available on the Sigma Additive Solutions investor relations website at ir.sigmaadditive.com.
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