Key facts about AML3D's June 2024 quarterly activities report

AML3D Limited (ASX: $AL3) reported strong cash receipts of A$1.64 million for the June 2024 quarter, driven by the company's US 'Scale up' strategy, manufacturing contract wins in support of the Australian Defence sector, and milestone payments linked to Australian ARCEMY 3D printing systems sales. The company also raised a total of $6.8 million of capital, fully funding the establishment of its US manufacturing hub, increasing its strategic position in the US Defence sector, and maintaining its technology advantage.

Executive commentary on AML3D's growth strategy and financial performance

AML3D's President and CEO of US Operations, Pete Goumas, is actively building out the US direct sales and technical support teams, with the US Hub expected to be operational in Q1 FY25. The company's US 'Scale up' strategy has delivered over $13.5 million of orders since early CY2023, and the establishment of the US manufacturing hub is expected to drive a significant increase in US defence contract wins over the short and medium term. AML3D's broader growth strategy includes diversifying into significant Defence, Aerospace, Oil and Gas, and Marine markets, with the company securing contracts and grants to develop the next generation of its proprietary metal 3D printing technology.

Summary of AML3D's June 2024 quarterly activities report and outlook

AML3D's strong cash receipts in the June 2024 quarter, along with the successful capital raising, position the company to establish its US manufacturing hub and accelerate growth opportunities. The company's US 'Scale up' strategy and broader growth strategy to diversify into significant Defence, Aerospace, Oil and Gas, and Marine markets have shown promising results, with contract wins and investments in technology advancement. The establishment of the US manufacturing hub is expected to drive a significant increase in US defence contract wins over the short and medium term, while the company aims to replicate the success of its US strategy in other global markets. AML3D's ambitions and investments indicate a positive outlook for the company's future performance.