Materialise NV (NASDAQ:MTLS), the Belgium based 3D printing enterprise today reported business is booming. In a statement Executive Chairman Peter Leys said,
Despite continued soft market conditions, Materialise again delivered double-digit revenue growth and an increase in Adjusted EBITDA. Led by gains in our Materialise Software segment, where we realized strong gains in new licenses and recurring license revenue, total revenue rose 11.0% from the third quarter of 2015
The company aim to, “put great products aimed at niche markets directly into the marketplace as well as helping make the prototypes of products later manufactured by the millions.” Reporting revenue across three segments of software, manufacturing and medical, Materialise are a global company with a presence in Europe, the Americas and Asia.
Investment analysts have stock price targets ranging between $8.50 to $10, the company is currently trading at $6.50 on the NASDAQ where shares are available in the form of an ADR. Shares are below the 52 week high of $8.69. Recently the stock price has exhibited volatility rising to a high of almost $8.50 in early October.
Materialise will host a call with investors later today and 3DPI will be sure to bring you more news as we have it.