Sigma Labs, Inc, a developer of in process, non-destructive quality inspection systems for metal-based additive manufacturing (AM) has  announced financial results for the three months ended 31 March, 2015.

The company’s booked revenue was approximately US$0.2 million for the quarter, versus approximately US$0.1 million in the first quarter of 2014.

The company says that it remains on track for significant growth in 2015.

‘Sigma Labs made further progress this quarter introducing its products and services to potential customers, showcasing its technology, and positioning the company for future success,’ said Mark Cola, president and CEO of Sigma Labs. ‘It is a very busy time for the company, and we are focused on top line growth and to solidify our unique position in the industry as it rapidly evolves. At the same time, we are very encouraged by initial interest in our contract manufacturing business, which has already received some small awards and generated inquiries both here and abroad. Overall, we remain committed to expanding the company's base of business and improving bottom line results, and we are optimistic that Sigma Labs will benefit from accelerating demand in the quarters to come.’

Sigma Labs also announced that it has become a Silver member of America Makes, the National Additive Manufacturing Innovation Institute.

This story is reprinted from material from Sigma Labs, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.