BRUSSELS: Materialise NV stock rose this morning as the company revealed their latest financial results, and hinted at some exciting news.
Joining founder and CEO Fried Vancraean on a call with investors were Executive Chairman Peter Leys and Johan Albrecht, CFO. Materialise reported total revenue of $32m for the most recent three month period, an increase on the comparative figure of $28.38m (EUR 25.9m) for 2015.
Gross profit for the most recent quarter was $18.9m, up from $16.12m (EUR 14.7m) and operating profit was $369k, a substantial improvement on the loss of $914.3k (EUR 834 thousand) for the same period in 2015.
Operations during the third quarter generated a profit before tax of $154k, which left the company with a loss of $59k after tax. Peter Leys said of the results, “we chalked up a good quarter.”
Materialise categorise revenue across three segments, Software, Medical and Manufacturing. Of these segments Software contributes the largest portion to earnings before interest, taxes, depreciation, and amortization (EBITDA) with 36.9% (Q3’15 34.2%) of the total. Revenue from the Manufacturing segment doubled during the quarter, reaching 14.9% of total EBITDA versus 7.6% for the same period last year.
Johan Albrecht explained the improvements reflect three factors, “11% revenue growth, 15% increase in gross profit and 5% increase in operational expenses.”
CEO Vancraean drew attention to the September announcement of Materialise’s backbone technology strategy, using the launch of Yunika as a case study. This platform is a sophisticated digital end-to-to supply chain strategy for the optical market. Working with Materialise, opticians will be able to offer lens and frames customized for “better vision and less fatigue” the first products will be available in Spring 2017. This backbone will be showcased at Formnext in Frankfurt next week.
Vancraean highlighted that opticians frequently hold large stocks of unsold frames due to the vagaries of fashion and the Yuniku platform can reduce need to hold stock.
