3D printing company
Massive
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Reports preliminary results for the first quarter of 2022 that has just ended, in the first quarter Massive sold five printers from the existing models (Massive 1800, Massive 5000), compared to four printers in the corresponding quarter in 2021. Total revenue in the first quarter of 2022 amounted to approximately $ 1.9 million, compared to approximately $ 1.3 million in the first quarter of 2021 – an increase of approximately 46%.
The company’s flagship printer, Massive 10000 and the company’s main growth engine in the coming years, which operates on Cast In Motion technology and is designed to produce parts from composite materials, and can be used to print molds, utilities and large-scale models to be used by industrial companies. Will be officially launched at the JEC World exhibition in France, to be held next month. The company continued with the pre-sale of the printer, during the first quarter of 2022 three conditional orders, which have not yet been recognized as binding, were added to a massive 10000. Currently, the company has 17 conditional orders for the printer.
As early as the first quarter of 2022, the company expanded, as planned, the customer (beta) tests to a massive 10,000 printer in the United States. During the first quarter, the company received an order, which includes customer reviews, from the American company Lyons, which specializes in luxury bathroom fittings. Lyons intends to make use of Massive 10000 in the production processes, and to consider continuing to contract with Massive after the customer’s tests.
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Erez Zimmerman, CEO of Massive 3D Printing Technologies: “The growth trend in sales continued in the first quarter of 2022, where we sold five printers from the existing models, Massive 1800 and Massive 5000, and received three more orders for Massive 10000 printer, as part of the pre-sale process. “In this printer, which is a major growth engine of the company for the coming years. We are preparing for the official launch of the printer next month at the JEC exhibition in France – one of the world’s most important exhibitions for composites, during which the printer’s capabilities will be presented to participants.”
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