Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D metal printing industry, has released its Q4 financial numbers. According to the announcement, the company reported a fourth-quarter net loss of $2.4 million, compared to a net loss of $1.6 million for the same period in the previous year. Revenue for the company, which was reported as $0.35 million is up 75% year over year, with the company noting that cash used in operating activities totaled $1.5 million for the fourth quarter 2021, compared to the same figure in fourth quarter 2020 totaling $1.1 million. The company also stated that cash totaled $11.5 million on December 31, 2021, as compared to $3.7 million on the same date in 2020.
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About Sigma Labs Inc.
Sigma Labs is a leading provider of in-process quality assurance, or IPQA(R) (“IPQA”) software, to the additive manufacturing industry. Sigma Labs specializes in the development and commercialization of real-time monitoring solutions known as PrintRite3D(R) for 3D metal advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies in 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 3D metal printing. For more information about the company, please visit www.SigmaLabsInc.com
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