AML3D’s refocused growth strategy expected to result in record revenues in FY24

August 30, 2023

AML3D’s Arcemy is a medium to large scale metal Additive Manufacturing machine (Courtesy AML3D)
AML3D’s Arcemy is a medium to large scale metal Additive Manufacturing machine (Courtesy AML3D)

AML3D Limited, headquartered in Edinburgh, Australia, has released its annual report for its financial year ending June 30, 2023. Although revenue fell in FY23, the company was keen to highlight a refocussed growth strategy has resulted in numerous high-value sales contracts for the current year, expected to result in record revenues in FY24.

During FY23 AML3D refocussed its growth strategy to supplying the company’s proprietary Arcemy metal Additive Manufacturing technology as a point-of-need manufacturing solution, with a particular emphasis on industrial manufacturers in the US defence, marine, and aerospace industries.

Subscribe to our weekly newsletter
Sign up

This move has already delivered significant benefits, stated AML3D, including contracts with a total value of over AUD $6 million in the current calendar year. These contracts consist of two orders for AML3D’s large-scale ARCEMY X edition 6700 system, which will support the US Navy’s submarine industrial base, along with aligned contract manufacturing contracts. Additionally, an enterprise-level ARCEMY system has been ordered by Curtin University in Perth.

For its FY23, AML3D’s financial results showed a revenue of $0.6 million, a 69% decrease from the previous year. The decrease was reportedly due to the company’s decision to refocus its business to the supply of Arcemy systems. However, revenue from manufacturing parts increased by 59% to $0.5 million compared to the previous year, which supported the overall performance of the company. Although no revenue was recognised in FY23 from the sale of Arcemy systems (compared to $1.7 million in the prior year), the current orders in hand exceed $3 million.

AML3D interim CEO Sean Ebert shared, “This year’s strategic shift has AML3D exceptionally well placed to continue to expand its presence within the strategically important US defense sector. We are confident of converting our Arcemy sales pipeline into firm contracts that will expand on the $6 million in confirmed orders to be delivered during FY24.”

Download Metal AM magazine

In the latest issue of Metal AM magazine

Download PDF

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap