In a series of events to showcase its recent growth and development, Sigma Labs Inc (OTCMKTS:SGLB) has announced that it has joined America Makes Consortium. According to reports, this step of Sigma Labs cans open doors of success for the company in the near future.
Insights On the Matter:
Sigma has been showing gradual increment concerning net income for the last few years. In 2013, it had made $734,000 net income in 2013 while, at the end of 2014, the net income of the company had touched a magical figure of $3.11 million. As soon as the announcement was made by the company, its stock had registered an eye-popping growth of 20.43% and closed at closed at $0.112, which was clear evidence that investors supported the company in its decision.
It is known for developing proprietary In-Process Quality Assurance software for all those companies that are active in the manufacturing field. As the company has become a Silver Member of America Makes, management hopes that things will start falling in line immediately after the initial proceedings are done.
According to Mark Cola, CEO and President, Sigma Labs Inc (OTCMKTS:SGLB), it’s a great achievement for the company. The future belongs to 3D Printing, and Sigma’s decision to approach National Additive Manufacturing Innovation Institute will help the company in strengthening its position in the market. This partnership will not only make available additional resources to the company, but also help it collaborate with the leading organizations in the market.
Cola states that Sigma Labs has done extremely well to develop PrintRite3D software and membership of NAMII will help it explore this field in an effective way. Reports claim that the cash flow from operating activities has contributed to a great margin in company’s growth. It had generated $840,000 cash flow from the operating activities in 2014, and if everything goes fine, then this figure will touch new heights at the end of 2015.