Materialise Q4 Earnings Impress, Driven by Strong Revenue Growth
Materialise NV (MTLS) reported a $3 million profit for the fourth quarter, resulting in earnings per share of 5 cents. The Levuen, Belgium-based company saw its revenue surge to $68.2 million during the period.
For the full year, Materialise's profit reached $14.5 million, translating to 25 cents per share. The company's annual revenue climbed to $288.7 million.
The 3D printing software and medical and industrial products leader attributed its performance to robust demand for its offerings across its various business segments.