Wire arc additive manufacturing business AML3D has reported breaking even in operating cash flow terms for the quarter ending March 31, benefiting from strong US market growth underpinning $2.5 million in customer receipts for the period.
According to a statement from the machine builder on Monday, it also “more than doubled investment in its US facilities and technology leadership program” versus the previous corresponding period.
AML3D said, “with the impact of the new wave of US tariffs yet to be felt,” it will be in a financially advantageous position to competing technologies “who have not localised their manufacture”.
It also cited “a strong cash position during the quarter of A$31.4 million” supporting “a A$12 million investment to double US manufacturing capacity” as well as a $5 million investment to establish European operations.
AML3D officially opened its US headquarters in Ohio last December, and announced a $30 million raise via share placement the previous month to support its expansion efforts.
The March quarter also saw CEO Sean Ebert conduct a 14-day, ten-site tour in the US.
“AML3D’s successes deploying ARCEMY technology in support for the US Navy’s Submarine Industrial base is positioning the Company to potentially access additive manufacturing contracts to support the broader US Navy Marine Industrial base, specifically across shipbuilding and munitions” the company said.
Outside of defence, it also cited the potential of the utilities industry in the nation. Its US operations are already working on a A$2.27 million ARCEMY X order from the Tennessee Valley Authority,
“the largest US public utility,” to support its power generation repair. Final commissioning for TVA is “due in 1H26.”
AL3 Price at posting:
15.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)