Fourth Quarter Financial Results Announced by Materialise

Materialise NV (NASDAQ:MTLS) has announced its financial results for the fourth quarter ended December 31, 2015.
According to the press release, highlights include:

• Total revenue increased 18.8% from the fourth quarter of 2014 to 28,032 kEUR.

• Total deferred revenue from annual software sales and maintenance contracts increased 3,615 kEUR from 9,521 kEUR for the fourth quarter of 2014 to 13,136 kEUR for the fourth quarter of 2015.

• Adjusted EBITDA was 2,979 kEUR for a 10.6% margin.

• Net profit was 2,145 kEUR, or 0.05 EUR per diluted share.

Executive Chairman Peter Leys commented, “We executed well on our strategy throughout 2015 and turned in an especially strong fourth quarter, reflecting Materialise’s increasing prominence as the software and services backbone of the 3D printing ecosystem. During the fourth quarter, all three of our business segments achieved revenue gains as well as positive EBITDA. We launched Magics²⁰ and further expanded our build processor framework; we continued the transition to annual licenses for our medical software, began integrating new partners on our open orthopedic guide platform and expanded our complex surgery portfolio; and we increased our involvement in high-profile end manufacturing projects.
“We are pursuing a number of exciting initiatives for 2016, all designed to strengthen Materialise’s position as the leading enabler of 3D printing applications. Additive manufacturing is being adopted by new and substantial players, and we are proud to be at the forefront of this growing industry.”

Click here to read the full press release.