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Organovo Revenues Grow 11%, Business Plan on Track in Spite of Losses Bioprinting

by Business

Organovo, the leading publicly traded bioprinting company, reported fiscal first-quarter total revenue of $1.0 million, which consisted largely of product and service revenue. Total Organovo revenues increased 11 percent versus the comparable period of fiscal 2017. Net loss was $10.1 million, or $0.10 per share, for the fiscal first quarter of 2018, as compared to $8.8 million, or $0.09 per share, for the fiscal first quarter of 2017. Negative Adjusted EBITDA(2) for the first quarter was $7.5 million, as compared to $7.1 million for the prior-year period.

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Arcam Sells 32 EBM Systems in First Half of FY 2017 AM Industry

by Business

In the first 6 months of its current fiscal year, the Arcam Group delivered 32 (28) EBM systems. This brings the total to 57 systems for the past 12 months. The company continues to grow and during the first six months the increase in sales was 32%. Sales for the period increased to 407.0 (307.6) MSEK and trailing twelve month sales amounts to 747.7 (621.7) MSEK. Operating income for the period was 5.5 (4.1) MSEK and trailing twelve months operating income amounts to -28.4 (30.7) MSEK.

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Accessible Metal 3D Printing Startup Desktop Metal Closes $115 Million in Series D Funding AM Industry

by Business

Desktop Metal, the Massachussetts based company committed to making accessible metal 3D printing a reality for manufacturers and engineers, completed a $115 million Series D investment round to further accelerate the company’s rapid business growth and adoption of its end-to-end metal 3D printing systems. Since its inception in October 2015, Desktop Metal has raised a total of $212 million in financing, with the Series D marking the largest individual private round for a metal additive manufacturing company.

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Inside 3D Printing Korea conference & expo in Seoul…What’s happening in Korea? AM Industry

by Business

Last month brought a host of interesting events to South Korea, and one of the most interesting was the 2017 Inside 3D Printing Korea Conference & Expo in Seoul. Like years past, the event was held again at the expansive Kintex Exhibition Hall in Seoul. This event is in its fourth year, having its initial episode in 2014. And while that may not seem like a lot, it has been very interesting to observe the changes in the Korean market through the lens of this show.

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NeoMetrix Technologies Picks Up Distribution of 3D Systems’ 3D Printers AM Industry

by Business

Lake Mary, Florida based NeoMetrix Technologies, resellers of rapid product development equipment and software, announced the finalization of a distribution deal with 3D Systems. Headquartered in Rock Hill, South Carolina, 3D Systems engineers, manufactures and sells 3D printers. 3D Systems’ former President and current CTO, Chuck Hull is credited with inventing stereolithography (SLA) technology – essentially making the company the originator of 3D printing. With this 3D Systems relationship, NeoMetrix Technologies completes their portfolio of additive manufacturing solutions that includes 3D Systems’ Geomagic software, as well as Creaform and EvixScan 3D scanning products.