AML3D half year revenue up against strategic growth plan
March 1, 2022
AML3D Limited, Edinburgh, Australia, has announced that its half-year revenues are up 87% year on year (AUS $267,000), with an additional AUS $874,000 in revenue expected based on customer deposits. The December quarter was noted as being the strongest since listing in April 2020, results said to be supported by progress against near-, medium- and long-term growth plans, especially in the oil & gas sector.
The principal activities for the company for the half year ending December 2021 included the design & construction of its ARCEMY® Wire Arc Additive Manufacturing (WAAM), a wire-based form of Directed Energy Deposition (DED), machine and resultant additively manufactured parts. The company also focused on the R&D into the refinement of its products, including alternative applications.
Through the year, AML3D delivered orders for existing customers Lightforce (defence) and ThyssenKrupp (industrial) as well as new customers in the energy, defence and aerospace sectors as part of its market expansion plans.
The full interim report is available here.