Materialise NV (ADR) (MTLS) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Materialise NV (ADR) (MTLS) reported quarterly earnings results on Wednesday, May-11-2016. The company reported $-0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $-0.02. The company posted revenue of $26.70 million in the period, compared to analysts expectations of $26.25 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Materialise NV (ADR) opened for trading at $6.72 and hit $6.9899 on the upside on Tuesday, eventually ending the session at $6.87, with a gain of 1.85% or 0.125 points. The heightened volatility saw the trading volume jump to 20,439 shares. Company has a market cap of $325 M.

Materialise NV is a Belgium-based company engaged in the field of technology. It specializes in additive manufacturing (AM) also known as three dimensional (3D) printing. The Company specializes in preparation of 3D prototypes for manufactures software development biomedical research and online services. It operates RapidFit a service to provide customized jigs fixtures and control solutions created with the use of AM; a design division .MGX specialized in the manufacture of lamps and furniture; i.materialize an online 3D printing service where users can create share and sell their designs; and Cranio-Maxillofacial (CMF) a solution for surgeons and anaplastologists which enables production of personalized implants and reconstructions. The Company is also engaged in the development of solutions for orthopedics biomedical software and engineering and printing of cardiovascular models. Additionally it operates a store in Brussels dedicated to 3D design.

Materialise NV (ADR)

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