Arcam AB (AMAVF)

Arcam AB (AMAVF) is on a roll with record 3D printer orders for 2013 and a 4:1 stock split vote on Friday.

This morning the company announced their 8th order in just the last 6 weeks for their commercial grade 3D printers. This  puts orders for their 3D printers at a new record of 26 for this year so far, with 30% of sales going to the high-growth Asian market.

 

Arcam AB is a Swedish 3D Printing company (web site) with operations in Europe, the US, and Asia, and operates exclusively in precision 3D printing of high grade metals used in the aerospace and orthopedic/medical industries.  The stock trades on the NASDAQ OMX under the ticker ARCM.ST, (where you will find their official press releases)and in the US as an ADR (American Depository Reciept) under the ticker AMAVF.   General Electric is also an Arcam customer (Bloomberg 11/12/13).

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4:1 stock split to be voted on Friday, 12/6/13

Arcam has also given a NOTICE OF EXTRAORDINARY GENERAL MEETING OF ARCAM AB for this Friday to vote on a 4:1 stock split.

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Potential orders from EuroMold

Arcam is showcasing their new Q10 machine for the orthopedic industry and their A2 Series printers for titanium alloys used in the aerospace industry. As a result the company might add to their current order record for the year.

 

Arcam AB Financials at a Glance

Arcam AB has reported .81/share in earnings for the trailing twelve months (higher than any other pure play 3D printing stock now trading) 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.

Arcam AB 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%

 

Arcam AB Research/Due Diligence Material

Arcam research

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)

 

In my last Arcam update I wrote that I had sold some of my shares because I felt the stock was at a short term top based on several factors. Since then shares have pulled back 20% from $171.98 to $138 and I am adding to my core position at these lower levels based on their 8th order win in 6 weeks, the proposed 4:1 stock split, and record orders.

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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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