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Sigma Labs, Inc.
10/22/2020
Good day, and welcome to the Sigma Labs 3rd Quarter 2020 Financial Results Conference Call and Webcast. Today's conference is being recorded. At this time, I would like to turn the conference over to Chris Tyson, Executive Vice President of MZ North America. Please go ahead, sir.
Thank you all for taking time to join us for Sigma Labs' third quarter 2020 business update and results conference call. Your hosts today are Mark Rupport, President and Chief Executive Officer, and Frank Orszakowski, the company's Chief Financial Officer. A press release detailing these results crossed the wires this afternoon at 4.01 p.m. Eastern today and is available on the company's website, sigmalabsinc.com. Before we begin the formal presentation, I'd like to remind everyone that statements made on the call and webcast including those regarding future financial results and industry prospects, are forward-looking and may be subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call. Please refer to the company's SEC filings for a list of associated risks, and we would also refer you to the company's website for more supporting industry information. At this time, I would like to turn the call over to Stigma Labs President and Chief Executive Officer, Mark Ruppert. Mark, the floor is yours.
Thank you, Chris, and good afternoon, everybody, and thanks for joining our conference call today. Q3 was a very successful quarter for Sigma Labs. We executed on every part of our plan and continue to get great validation from both end users and OEMs for our technology and the need to address the issues of quality, consistency, and standards within additive manufacturing. Additionally, we have expanded our product line and market opportunity. We've strengthened our balance sheet, and we've added sales and marketing resources. We have also entered into global agreements that I believe will generate independent revenue streams for years to come. Not bad for 90 days and 20-some people. In spite of COVID, which has impacted our short-term revenue, we have put the company in a fantastic position for a very successful 2021. Before I go into details on the above, I'll ask Frank Orthakowski, our CFO to review our financial results, and then I'll provide some color and context around the quarter. Frank?
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