ARCAM order count 2015

1 unit 7/Jan/2015 (A2X for Aerospace in the US)
http://finance.yahoo.com/news/arcam-wins-order-arcam-a2x-071…
1 unit 19/Jan/2015 (institute in China)
http://finance.yahoo.com/news/arcam-receives-order-ebm-syste…

Running Counts:
2015 M1 2
2015 Q1 2
2015 Total 2

(2014 Order Intake - 42)
Ant

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2015 Order Total 2
(2014 Order Total 42)

Ant
Don’t forget that 25 of those 42 in 2014 came in the last four months, and only 17 in the first eight months. There were actually 14, yes 14! in December!!! There may be a factor there of companies or institutes seeing that they had money left in their budget and deciding to spend the money instead of losing it. (I saw that phenomenon a lot during my brief interlude in the Air Force. If they turned money back they’d have a smaller budget granted the next year). Don’t expect January to look like December.

Saul

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Don’t worry - I got it Saul, I posted all about that towards the end of last year on the NPI board in between the political back and forth.
http://discussion.fool.com/arcam-de-facto-in-medical-implant-315…
http://discussion.fool.com/arcam-de-facto-in-aerospace-31571242…
Actually I think the situation is more positive than you think. Their Q4 was a blow out quarter (21) as was December a blow out month (14), however there are a few important points to note…

  1. the Q4 and December ramp up was very different this time around and way ahead of previous years (they had 10 Q4 out of 27 orders in 2013) which suggests this is not just a year end spike
  2. the orders announced represented multiple systems in the same orders which is new phenomenon
  3. they represented repeat orders with existing clientele coming back for more
  4. there was strong geographic diversity (Asia, Europe and North America)
  5. there was particular penetration in aerospace and medical implants where they are becoming de-facto
  6. these orders are coming thick and fast even though we are within months of the Fast EBM and Hi-res EBM upgrades - customers just can’t get their hands on these systems fast enough and the current technology must be extremely competitive
  7. Throughout the year there was increasing traction in orders for the newer models with the quality assurance systems (and of higher value)

I will commit to keeping a track on this for 2015 on this board. I’m hoping they can reach/surpass 52 (1 a week) which would represent 25% growth.
Ant

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There were actually 14, yes 14! in December!!! There may be a factor there of companies or institutes seeing that they had money left in their budget and deciding to spend the money instead of losing it.

This happens quite often… also many companies give pricing concessions towards quarter and year end in order to close orders.

http://www.mtadditive.com/index.cfm/trends-in-additive/learn…

this is an older May 2014 article and is about metal laser printing not EBM.But the problems of getting used to Additive Manufacturing are the same. The benefits of weight saved by using 3DP steel howitzer nuts are magnified on aircraft, where the weight is lifted rather than towed.

I wish EOS was publicly owned. German companies tend to prefer staying private. The giant arms firm of Krupp was owned by one family
throughout most of it’s existence.

the big problems still facing additive manufacturing today. One of those problems is that the technology is immature. In the future, he expects the equipment for making parts through additive layers to be faster, cheaper, more repeatable and more capable than it is today. He also expects its application to be much better understood. The resulting difference could be as great as the difference between early portable phones and the smartphones of today. “All of us currently doing additive manufacturing might be using the bag phone version of this technology,” he says. The other problem is that the market is immature. The demand for production metal parts made through additive manufacturing is still so small as to be effectively zero, he says. The manufacturer therefore has to create the demand instead. That is, the manufacturer has to obtain the additive production capability first, then set about educating potential customers about the ways they can benefit from the capability.

because additive manufacturing is the future. He has little doubt. The two problems described above are temporary and small compared to the promise additive manufacturing offers to save cost and improve the designs of manufactured products.

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1 unit 21/Jan/2015 (Q10 system order for medical implants in China)
http://finance.yahoo.com/news/order-arcam-q10-china-07540049…

Running Counts:
2015 M1 3
2015 Q1 3
2015 Total 3

(2014 Order Intake - 42)
Ant

1 unit 7/Jan/2015 (A2X for Aerospace in the US)
1 unit 19/Jan/2015 (institute in China)
1 unit 21/Jan/2015 (Q10 system order for medical implants in China)

Running Counts:
2015 M1 3
2015 Q1 3
2015 Total 3

Ant, I understand Q1 and Total, but what is M1 ?

Thanks,

Saul

Month 1. Do Americans say Period 1?
Ant

January?

Denny Schlesinger

I like it. But we will have to think of another name for Month 2.
Ant

3 Likes

Hi again Ant,

M1 is fine, now that I know what it means. :wink: - Or Jan, Feb, Mar, Apr… would also work.

Thanks. I, and I’m sure others on the board, really appreciate you keeping track of them like that. Three so far in January is not bad.

Saul

How about naming the remaining months after gods and goddesses?

Denny Schlesinger

1 unit 05/Feb/2015 (Q20 system order for US for aerospace)
http://finance.yahoo.com/news/arcam-wins-order-arcam-q20-090…

1 unit 05/Feb/2015 (Q10 system order for LatAm for medical implants)
http://finance.yahoo.com/news/order-arcam-q10-institute-sout…

Running Counts:
2015 M1 3
2015 M2 2
2015 Q1 5
2015 Total 5

(2014 Order Intake - 42)
Ant

1 unit 7/Jan/2015 (A2X for Aerospace in the US)
1 unit 19/Jan/2015 (institute in China)
1 unit 21/Jan/2015 (Q10 system order for medical implants in China)
1 unit 05/Feb/2015 (Q20 system order for US for aerospace)
1 unit 05/Feb/2015 (Q10 system order for LatAm for medical implants)

> How about naming the remaining months after gods and goddesses?

What about after our most prolific posters?
-Saul, Anirban, etc…

-FrickNFool

What about after our most prolific posters?
-Saul, Anirban, etc…

You mean Demi-Gods? Sounds good to me.

Denny Schlesinger

2 Likes

Arcam earnings report

? Net sales increased by 70% to 339.0 (199.4) MSEK
? Operating income increased to SEK 19.6 (14.5) MSEK
(including non-recurring costs of approximately 9.3 (5) MSEK)
? Net income increased to 57.1 (15.4) MSEK
(including tax effects of approximately 15.8 MSEK)
? Earnings per share increased to 3.10 (0.96) SEK
? 35 (25) EBM systems were delivered during the period
? Order intake increased to 42 (27) systems
? Acquisition of the metal powder manufacturer AP&C in Canada
? Acquisition of the contract manufacturer DiSanto Technology Inc.
For the fourth quarter:
? Sales increased by 105% to 137.1 (66.9) MSEK
? Operating income increased to 13.2 (6.9) MSEK
? Net income increased to 15.0 (7.6) MSEK
? Order intake increased to 21 (10) systems
? 15 (9) EBM systems were delivered in the third quarter Significant events after the end of the period:

? Order for 5 new EBM systems in January 2015

I will listen to CC later. At present rates they should deliver 60 machines (5X12) in 2015. But I think it will be more ,they probably will get a bump from Euromold meeting late in the year.

And, for all of that, we get 4.8% while SSYS gets 6.8%.

And, for all of that, we (Arcam) get 4.8% while SSYS gets 6.8%.

Tamhas, SSYS was down over 30% yesterday, so this was just a little bounce back.

Well, perhaps, but DDD and even XONE also went up … not as much, but still on no news of their own. What seems to happen to me is that 3DP goes up and down a lot as a sector, rather than on the merits of the individual company, that in the last year, the downside reaction is typically an overreaction relative to the actual news, and that in the midst of all of this, Arcam gets little credit for being the one company in the sector that keeps growing nicely, exceeding expectations, and moreover has a genuinely proprietary technology which seems to be important in a couple of sizable markets.

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With all this good news today, I’m surprised the stock didn’t move even higher than it did (I’m not complaining). Maybe another lift tomorrow, or maybe ARCAM is still flying below the radar in the Stratasys /3D smokey haze…