Sigma Labs (NASDAQ:SGLB) CEO Mark Ruport tells Proactive the group has closed $9.7M , where it will use the proceeds to extend its field sales organization to support its partners, and will invest more in R&D Ruport says it has been seeing increased activity in a rejuvenated 3D metal printing market, expanding on its recent contract with Lockheed Martin.
The group recently reported it has doubled its full year revenue, from $402,500 in 2019, to $807,500 in 2020.