Materialise NV (MTLS) on Thursday reported fourth-quarter net income of $5.4 million, after reporting a loss in the same period a year earlier.
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On a per-share basis, the Levuen, Belgium-based company said it had profit of 9 cents. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share. The 3D printing software and medical and industrial products company posted revenue of $64.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $60.4 million.
For the year, the company reported net income of $14.9 million, or 26 cents per share, swinging to a profit in the period. Revenue was reported as $232.7 million.
About Materialise
Materialise was founded in 1990, with goal to enable new uses for the extraordinary potential that 3D printing offers. Since then, they have leveraged our experience to create a range of software solutions and 3D printing services, which together form a backbone for the 3D printing industry. Their flexible platforms enable players in industries such as healthcare, automotive, aerospace, art and design, and consumer goods, to build innovative 3D printing applications that make the world a better and healthier place. Headquartered in Belgium, with branches worldwide, Materialise has combined the largest group of software developers in the industry with one of the largest 3D printing facilities in the world.
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