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AML3D Ltd ( (AU:AL3) ) has provided an update.
AML3D reported third-quarter customer receipts of $2.2 million, maintaining a steady run rate and taking year-to-date receipts to $6.9 million, up 20% on the prior comparable period. Supported by its U.S. Scale Up strategy, total orders for the financial year have reached $29 million, including $12.5 million in new orders this quarter, underpinning plans to expand its Stow, Ohio, manufacturing capacity.
Key wins included a $9.9 million order from Newport News Shipbuilding for four ARCEMY systems, a $2.6 million contract to produce non-safety critical U.S. Navy submarine components and successful commissioning of a $1.7 million ARCEMY X system at defence supplier FasTech. AML3D is also broadening its U.S. advocacy program, hiring former U.S. Navy additive manufacturing director Larissa Smith to deepen penetration into the Navy supply chain and reinforce its positioning as a key additive manufacturing partner to the U.S. defence sector.
The most recent analyst rating on (AU:AL3) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.
More about AML3D Ltd
AML3D Limited is an Australian-based provider of large-scale wire additive manufacturing technology and 3D metal printing solutions, marketed under its proprietary ARCEMY systems. The company focuses heavily on defence, particularly the U.S. Navy’s submarine and broader maritime industrial base, while also targeting aerospace, energy and industrial manufacturing markets.
Average Trading Volume: 2,219,500
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$113.6M
See more data about AL3 stock on TipRanks’ Stock Analysis page.