10/21/2021

speaker
Operator
Conference Operator

Good day and welcome to the Sigma Labs third quarter 2021 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. You may begin.

speaker
Chris Tyson
Executive Vice President, MZ North America

Thank you and good afternoon. I'd like to thank you all for taking time to join us for Sigma Labs third quarter 2021 business update and results conference call. Your hosts today are Mark Ruppert, 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 Sigma Labs President and Chief Executive Officer, Mark Ruppert. Mark, the floor is yours.

speaker
Mark Ruppert
President and Chief Executive Officer, Sigma Labs

Thank you, Chris, and good afternoon, everybody, and thank you for joining our third quarter conference call. We're going to structure this call differently than we have past calls to give you some more insight into our plans and to put some additional context around our financial results. First, I'm pleased to say that Q3 was a very good quarter for Sigma Labs in a number of ways. The increased activity that I mentioned on last quarter's call is beginning to result in revenue growth. I believe it's a clear indication that additive manufacturing in the entire industry, specifically 3D metal printing, is coming into its own and transitioning out of what Gartner calls the trough of disillusionment. However, as I said in July, quarterly financial results are somewhat of a lagging indicator. I'm more focused on leading indicators for Q4 and, more importantly, 2022 and 2023. Our objective as a company isn't just to have a record quarter. Our objective is to achieve our mission of accelerating the adoption of 3D metal printing, and in so doing, build a company with a strong culture that attracts and retains talented people, develops technology and products with a sustaining competitive advantage, and provides a significant return to our shareholders. At this point, I'd like Frank to go through the numbers And then we are going to dive a bit deeper into some of the financial metrics and put them in context of our business plan and the progress that we've made in 2021. After that, I'll provide some color on the quarter and what we are seeing as the market accelerates. Frank? Frank?

Disclaimer

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