AML3D Achieves Unprecedented Revenue Growth of 1,055%
But there is a catch to those numbers...
AML3D Limited, a metal 3D printer manufacturer based in Edinburgh, Australia, reported an impressive revenue growth for the financial year 2024. The company's revenue surged by an astonishing 1,055%, reaching AUD 7.32 million, compared to just AUD 0.60 million in the previous year. This dynamic growth resulted from a focused strategy on expanding in the U.S. market and investing in technology and team development.
In FY2024, a remarkable 95% of AML3D's revenue came from the U.S. market. The largest contributor to revenue was the sale of Arcemy machines, which accounted for 61% of the total, or AUD 4.44 million. These machines found extensive applications in industrial sectors supporting defense, marine, and aerospace industries in the U.S. An example is the order for the largest custom-built Arcemy machine, delivered to Austal USA.
Another significant revenue stream came from contracts for component manufacturing and alloy testing, which together generated AUD 2.66 million, accounting for 36% of total revenue. The remaining 3% came from license and rental fees.
Despite the significant revenue increase, AML3D still faces financial challenges. The EBITDA loss decreased by 31% to AUD 3.31 million, and the net loss after tax decreased by 23% to AUD 4.17 million. The rise in operating expenses, which amounted to AUD 8.09 million, was due to intensive investments in developing the software team and expanding in the U.S. market, including establishing a production center in the U.S.
These investments are crucial for the company's further development, especially in the context of plans to increase sales of advanced Wire Arc Additive Manufacturing (WAAM) machines. It is worth noting that four such machines were commissioned in FY2024, demonstrating the effectiveness of the strategy being implemented.
It is also worth noting that while the company’s revenue increased by +1055% in 2024 compared to 2023, it fell by -68% in 2023 compared to 2022 (from AUD 2 million to AUD 0.63 million). This highlights significant year-to-year revenue fluctuations...
The company plans to continue developing its product portfolio and strengthening its position in the global market, with a particular focus on the U.S. defense, marine, and aerospace industries.
AML3D Limited specializes in producing metal components using 3D printing technology known as Wire Arc Additive Manufacturing (WAAM). Founded in 2014, the company quickly gained a reputation as a leader in metal 3D printing, providing solutions for key sectors such as defense, marine, aerospace, oil and gas, and mining.
WAAM, the technology underlying AML3D, is an advanced form of metal 3D printing that uses metal wire as the raw material. The wire is melted using an electric arc and deposited layer by layer to form the final three-dimensional part. This process is characterized by high material and energy efficiency, making it more environmentally friendly and cost-effective compared to traditional manufacturing methods such as machining or casting.
WAAM enables the production of large and complex components from various metals, including stainless steel, titanium, copper, and nickel alloys. It is particularly valued in industries requiring low-volume production or prototypes, where flexibility and precision are key. This technology also allows for the creation of components with complex geometries that would be difficult or impossible to achieve using traditional methods.
Source: www.investi.com.au