Arcam AB stock splitArcam AB Stock Split of 4:1 Proposed @ Extraordinary General Meeting

In a  notice posted Friday on the NASDAQ OMX in Stockholm, Swedish 3D Printing Company Arcam AB (which trades under ticker AMAVF.OB as an American Depository Receipt), is proposing a 4:1 forward stock split.  See notice in Swedish here, and Google translation here:

NOTICE OF EXTRAORDINARY GENERAL MEETING OF ARCAM AB

Arcam AB has reported .81/share in earnings for the trailing twelve months using  International Financial Reporting Standards (IFRS) for accounting and financial reports, a standard closer to GAAP reporting in the US than the “headline” non-GAAP numbers reported by other 3D printing companies.

The proposal for a 4:1 stock split by Arcam AB has not been made public in an official press release yet, and chart is extremely bullish, breaking above a double top formation.

Arcam AB stock split

With only 4.2 million shares and a float of 2.5 million the plan for a split will be seen as positive move by shareholders as it will add liquidity and trading stability to the shares, and might be a precursor to moving shares to a new primary exchange in the US next year.

Arcam AB has experienced 100% increase in quarterly earnings in the mrq, had $23 million in cash, and zero debt.

Growth is 100% organic with no dilutive acquisitions.

Revenue (ttm): 29.47M
Revenue Per Share (ttm): 7.48
Qtrly Revenue Growth (yoy): 48.40%
EBITDA (ttm): 3.46M
Net Income Avl to Common (ttm): 3.23M
Diluted EPS (ttm): 0.81
Qtrly Earnings Growth (yoy): 100.00%

 

Fast EBM Project Completion

Arcam AB is also wrapping up research on the European Union-funded “Fast EBM Project” this month. The goal of this project (which Arcam AB is leading and receives intellectual property rights from) is to increase EBM (Electron Beam Melting).  A key objective of the project is to increase productivity by a factor of 5 through combining the model with the new hardware.  This is an increase that could drive production of high grade metal parts used in aerospace, defense, and medical applications closer to rapid manufacturing from rapid prototyping and small-lot production.

PricewaterhouseCoopers has stated:

“Once electron beam technology demonstrates that it can affordably produce high-quality parts, 3D printing will become a viable production process for a wide variety of aerospace and defense parts, including critical load-bearing parts.”

See: “3D printing: A potential game changer for aerospace and defense, by PwC  Arcam AB laser

 

 

Arcam Research/Due Diligence:

 

Arcam AB Earnings

Arcam AB Presentation August 2013

General overview of company, technology, growth drivers: Arcam AB: Small 3D Printing Company with Big Growth Projections  (7/21/2013)

 

MUST READ on EBM (Electron Beam Melting) seen as the technology of choice by PwC in high-grade printing of metals for defense and aerospace applications: PricewaterhouseCoopers on 3D Printing and EBM (Electron Beam Melting) Technology used by Arcam AB (8/10/2013)

Arcam AB Nears Completion of  Fast EBM 3D Printing Research  (7/25/2013)

Q&A with the CEO of 3D Printing Company, Arcam AB (AMAVF)  (8/01/2013)

ExOne and Arcam:  A Fundamental Tale of Two 3D Printing Companies  (8/6/2013)

3D Printing of Titanium Aluminide Turbochargers:  A Turbocharge for Arcam AB Earnings?  (9/13/2013)

 

Disclosure: I am long shares of Arcam AB.  I received no compensation from Arcam AB or any third party for this article.

Disclaimer:  See site disclaimer on left of page.

Gary Anderson……..Follow me on Twitter: @3DPrintingStock

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