AL3

About AL3

AML3D Limited (AL3), a technology company founded in 2014, utilises new technologies to pioneer and lead metal additive manufacturing globally. Disrupting the traditional manufacturing space, AML3D has developed and patented a Wire Additive Manufacturing (WAM®) process that metal 3D prints commercial, large-Scale parts for Aerospace, Defence, Maritime, Manufacturing, Mining and Oil & Gas. AML3D provides parts contract manufacturing from its Technology Centre in Adelaide, Australia.

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What does AML3D do and how does it make money?

The hint is in 3D.

AML3D Limited designs, manufactures and sells ARCEMY 3D printing modules that use the company’s patented Wire Additive Manufacturing (WAM) technology to print metal parts on demand. To produce these results, the company has combined welding science, robotics, metallurgy and software.

AML3D also provides contract manufacturing services to the marine, aerospace, oil and gas, defense, mining, and general manufacturing sectors in Europe, Singapore, Japan, and Australia.

According to AML3D, it is the only diversified large-scale WAM metal components provider in the Southern Hemisphere that can 3D print industrial scale components and finished parts. The company also claims that its technology is 75% faster, 80% less wasteful and saves 70% on costs compared to traditional metal fabrication processes.

The company earns revenue from contract manufacturing and sales of its ARCEMY 3D printing module. It reports all earnings in a single segment.

Is AML3D a profitable company?

No, AML3D is currently unprofitable and has been losing money since 2017. In FY2021, the company suffered another annual net loss after tax of A$5.5m.

In October 2020, the company raised A$7.76m by privately placing new shares and by exercising stock options. As of April 2022, the company has A$4.572m of cash.

The company has stated it is “committed to pursuing profitable and sustainable growth for the benefit of all stakeholders, as we build upon the foundation created from our initial public offering in April 2020.”

Is AL3 stock a buy?

The AL3 stock price reached a high of A$0.57 in September 2020 but has been in decline ever since. As of April 2022, the stock has fallen to under A$0.09, a drop of almost 85%.

Investor sentiment has been negative due to the company’s poor financials, lack of earnings and COVID-19 impacts. However, some investors see a bright future for AML3D as they attempt to expand in existing markets and access new ones. 

In its latest half-yearly report, AML3D claims to have “continued to receive orders from an existing Oil and Gas industry customer, while also securing work from two new North American Oil & Gas customers.” The company has also commenced design and manufacturing of “the world’s first 3D printed pure titanium plunger” for one of its new oil and gas customers.

Does AL3 stock pay dividends?

Not at this time. The company has not made any announcements to pay dividends in the future.

Who owns AL3 stock?

The general public owns most of AL3 stock at 49.3% of the total float. 

Individual insiders come in second at 40% of the total float. Some of these insiders include CEO Andrew Michael Sales (26.79%) and Non-Executive Directors Sean Ebert (0.68%) and Leonard Piro (0.56%).

Other substantial owners of AL3 stock include Perennial Value Management (4.88%), Juhee Seo of Global Asset Solutions (4.64%), Kenneth Hall (4.07%), Mewtwo Global Investments (1.99%), Benjamin Fegan (1.44%) and Silver Crown Technology Ltd (1%).

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