Massive 3D Printing Technologies publishes partial preliminary results (uncontrolled and unreviewed) for the fourth quarter of 2021 and 2021. The company continues to enjoy growth and sell printers in the current product line, Massive 1500, 1800 and 5000 printers (Gel Dispensing Printing Technology), alongside orders For the next generation product line, which includes the advanced Massive 10000 printer (Cast In Motion Technology).
In 2021, Massive sold 22 printers from existing models, compared to 11 printers in 2020, an increase of 100%. Total sales in 2021 are estimated at about $ 8.0-8.3 million, compared to $ 4.1 million in 2020 – an increase of about two.
In the fourth quarter of 2021, Massive sold eight printers of the existing models, compared to three printers in the corresponding quarter in 2020 – an increase of 166%. Sales volume in the fourth quarter of 2021 is estimated at $ 2.7-3.0 million, compared to $ 1.15 million in the fourth quarter of 2020 – an increase of 159%.
In the fourth quarter of 2021, Massive signed an agreement for strategic cooperation with the company Wing, To install a massive 10000 printer for testing. Kanfit is an Israeli company that manufactures products from composite materials for key players in the global and Israeli aviation market, such as IAI, Elbit Systems, Rafael, the Air Force, the Ministry of Defense and more. As part of the agreement, it was stipulated that the company will perform customer tests (beta) for a massive 10,000 machine at a wing company in Israel. The machine was delivered in December 2021