Are Sigma Labs (NASDAQ:SGLB) shareholders getting an early Christmas present? From the looks of today’s trading results, I would say so.
There’s a lot going on in the stock market today, with Bitcoin plunging and a number of stocks moving around after President Trump signed the U.S. tax bill package, but perhaps the most notable stock making moves Friday, December 22, just days before Christmas, is Sigma Labs, Inc.
As of this writing, Sigma Labs is up a whopping 194.26% and is currently trading at $4.12.
Some reports surfaced earlier this month which questioned the company’s financial health, but if you look at Sigma Labs track-record since September of this year, you can see, respectively, why the stock shot up today. However, before we get into what the company has been up to lately, and what sparked today’s surge in price, let’s do a little recap on what Sigma Labs actually is and what the company specializes in.
Based in Santa Fe, New Mexico, Sigma Labs focuses primarily on manufacturing inspection systems for commercial firms, all of which are advanced, non-destructive quality, and in-process. For the most part, Sigma Labs caters to firms around the globe that are looking for productive solutions for 3D printing and/or metal-based additive production. Before it introduced the game-changing PrintRite3D system, Sigma Labs traded privately but went private seven years ago after the commercialization of the system.
Since September 2017, Sigma Labs has been making announcement after announcement, and the majority of the news has been good. In September, Sigma disclosed that it had officially passed on its PrintRite3D INSPECT Software Version 2.0, which is entirely cloud-based, to Siemens Industrial Turbomachinery AB’s AM facility.
Then in October, Sigma Labs unveiled its plans to introduce the PrintRite3D INSPECT In-Process Quality Assurance Software Version 3.0 at this year’s Formnext. One month later, Sigma Labs revealed to the public its 3DSIM’s new FLEX, which is an essential piece of the AM digital thread.
Last but not least, we come to December, and the news announced on Friday, December 22 is perhaps one of the main reasons the stock soared almost 200%. Sigma Labs reported today that it is the recipient of a contract from AM technology innovator Laser Zentrum Nord, which is based in Germany.
While the terms of the deal have yet to be disclosed, we do know that Laser Zentrum, which was founded in 2009, has agreed to work with Sigma in order to advance and certify its IPQA® methodology.
With that being said, it’s crucial for potential investors to remember that a stock can drop just as fast as it increased. Sigma’s stock is going up and down a few cents, but still constantly climbing, but I would suggest that investors don’t get overly excited because we never really have a guarantee with the market. Regardless congratulations to Sigma and Laser for Friday’s exciting announcement!
Check back in January to see how the two companies are getting along with their contract.
Featured Image: twitter
