Revenue: As of FY2025 Q3, the actual value is USD 13.64 M.

EPS: As of FY2025 Q3, the actual value is USD -0.69.

EBIT: As of FY2025 Q3, the actual value is USD -10.64 M.

Segment Revenue

• Total Revenue: $13.6 million in Q3 2025, up from $8.2 million in Q3 2024. Year-to-date (YTD) revenue was $36.5 million in 2025, compared to $28.4 million in 2024.
• 3D Printer and Parts Sales: $12.0 million in Q3 2025, up from $1.0 million in Q3 2024. YTD sales were $31.6 million in 2025, compared to $17.4 million in 2024.
• Support Service / License / Recurring Revenue: $1.6 million in Q3 2025, down from $7.2 million in Q3 2024. YTD revenue was $4.9 million in 2025, compared to $11.0 million in 2024.

Operational Metrics

• Gross Profit: $0.4 million in Q3 2025, down from $4.1 million in Q3 2024. YTD gross profit was - $0.5 million in 2025, compared to - $1.6 million in 2024.
• Gross Margin: 3.2% in Q3 2025, down from 49.4% in Q3 2024. YTD gross margin was -1.3% in 2025, compared to -5.8% in 2024.
• Total Operating Expenses: $11.1 million in Q3 2025, down from $22.9 million in Q3 2024. YTD operating expenses were $34.2 million in 2025, compared to $59.2 million in 2024.
• Non-GAAP Operating Expenses: $9.0 million in Q3 2025, down from $19.7 million in Q3 2024. YTD non-GAAP operating expenses were $26.5 million in 2025, compared to $47.6 million in 2024.
• Net Income (Loss): - $11.8 million in Q3 2025, compared to - $23.1 million in Q3 2024. YTD net loss was - $51.0 million in 2025, compared to - $51.6 million in 2024.
• Adjusted EBITDA: - $7.3 million in Q3 2025, compared to - $9.7 million in Q3 2024. YTD adjusted EBITDA was - $23.1 million in 2025, compared to - $39.6 million in 2024.

Cash Flow

• Cash and Cash Equivalents: $11.8 million as of September 30, 2025, up from $1.2 million as of December 31, 2024.

Unique Metrics

• Backlog: $21.1 million as of September 30, 2025.
• RPS Backlog: Increased 22% quarter to quarter.
• New Customers: Represented more than 9% of Q3 2025 bookings.
• Bookings from Space and Defense Sector: 48% of total bookings.

Outlook / Guidance

• Revenue: The company expects FY 2025 revenue to be between $50 million and $60 million, representing over 30% annual growth.
• Gross Margin: The company anticipates gross margin to exceed 30% by the end of 2025.
• Non-GAAP Operating Expenses: Projected to be between $40 million and $50 million for FY 2025.
• Capex: Expected to be between $15 million and $20 million for FY 2025.
• Profitability: The company aims to achieve EBITDA profitability in the first half of 2026.