Optomec Reports 3rd Straight Quarter of Record Revenue and Profits
November 10, 2015 | By Business Wire News
Optomec, a leading global supplier of production grade additive manufacturing systems for 3D Printed Metals and 3D Printed Electronics, today announced record year to date revenue growth, up over 80% compared to the previous year. The Company also reported third quarter profits of 18% on an EBITDA basis, and maintains a substantial backlog that will ensure ongoing growth.
The revenue increase was due to continued strong sales of Optomec Additive Manufacturing systems for production applications. For example, Optomec is delivering Aerosol Jet systems to print 3D conformal sensors for a variety of consumer electronics and industrial applications. In one example the sensors will enable Condition Based Maintenance of high value metal components for an Industrial “Internet of Things” application. In a second example, the Company successfully commissioned a production line in China that is running 16 Aerosol Jet Print Modules in parallel to produce 3D circuitry for a new smartphone that was just launched. Also, Optomec is delivering a work cell to a machine tool manufacturer that utilizes LENS metal printing technology to apply wear resistant coatings onto 3D surfaces. All of these production applications have significant potential for expansion.
In Q3, 55% of new orders were for Optomec Aerosol Jet systems used for printing functional electronics and the remaining 45% were for LENS systems used for printing structural metals. Strong performance from international distributors and OEMs contributed to a successful quarter.
David Ramahi, Optomec President/CEO, states, “The third quarter of 2015 represents a milestone in the company’s history, as we have now proven that our systems are capable of performing in true high volume manufacturing, printing at a rate of millions of units per year, all in a 24/7 production setting. We are likewise pleased to have demonstrated the profitability potential of our growing business, especially as in parallel our solutions are providing a high Return on Investment (ROI) for our customers, either through production or lifecycle savings. We are confident the cost and functional gains realized by our users will continue to drive our own high growth rates through the remainder of this year and into 2016.”
Optomec is a privately-held, rapidly growing supplier of Additive Manufacturing systems. Optomec patented Aerosol Jet Systems for printed electronics, and LENS 3D Printers for metal components are used by industry to reduce product cost and improve performance. Together, these unique printing solutions work with the broadest spectrum of functional materials, ranging from electronic inks to structural metals and even biological matter. Optomec has more than 200 marquee customers around the world, targeting production applications in the electronics, energy, life sciences and aerospace industries. For more information about Optomec, visit http://optomec.com.
LENS (Laser Engineered Net Shaping) is a registered trademark of Sandia National Laboratories. Aerosol Jet is a registered trademark of Optomec Inc.
Shayna Watson, 505-761-8250