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Additive manufacturing service provider and software developer Materialise (NASDAQ:MTLS) has announced financial results for the first quarter of 2019.
For the three months ended March 31, 2019, the company reports year on year revenue increase of 7.3%, up from €43.6 million in Q1 2018 to €47.1 million in Q1 2019. Good performance across all business segments has been cited for this growth. Executive Chairman Peter Leys comments, “Materialise Software and Materialise Medical, which continue to invest in both sales and marketing and research and development, combined healthy double-digit revenue growth rates with solid double-digit EBITDA margins.”
Spite - Uncertainties - Leys - Sector - Materialise
“In spite of the continuing macro-economic uncertainties,” Leys continues, “in particular in the automotive sector, Materialise Manufacturing also realized growth, both in terms of revenue and, more significantly, in terms of EBITDA. We believe we are on track to meet our financial guidance for 2019.”
In the investor call for Q1 2019’s earnings, the company honed in on their strengths in the medical sector, and spoke to the challenges faced in automotive, as well as Europe in general.
Business - Segment - Materialise - Medical - Growth
By business segment, Materialise Medical experienced the strongest growth compared to the same period last year. For Q1 2019 the Medical reported a revenue of €13.6 million, up 13.6% on Q1 2018 which was €11.9 million.
Following this in terms of growth is the Materialise Software segment. For Q1 2019 Materialise Software reported a 12.3% revenue growth to €9.35 million compared to €8.3 million in Q1 2018.
Materialise - Manufacturing - % - Revenue - Rise
And finally, Materialise Manufacturing experienced a 2.3% revenue rise in Q1 2019 to €24.2 million, from €23.6 million in Q1 2018.
Net loss for Q1 2019 was €304 million, equating to -€0.01 EUR per diluted share. In Q1 2018, the company previously reported a net loss of €183 million, rounded to 0.00 per diluted share.
Revenue - Software - Sales - Maintenance - Contracts
Total deferred revenue from annual software sales and maintenance contracts was €24.9...
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