Robo 3D Limited (ASX: RBO) has achieved its highest ever monthly revenue of $1.3 million and is on target to beat its forecast FY revenue of $3.2m within the first half of the FY18 financial year.
The company, which delivers products for the desktop segment of the fast- growing 3D printing industry, said the October monthly milestone is more than 30% higher than the previous record monthly revenue achieved by the company and represents more than 40% of the revenue achieved from the full 12 months of the prior financial year.
Managing Director Ryan Legudi said this record result follows the unveling of two new award-winning 3D printers to market.
“It also reflects the growing profile and reputation of our products across our target segments, and validates our strategic focus,” Mr Legudi said.
We now have a product suite of 3D printers that are selling strongly into each of the professional, education, and consumer segments, each of which is contributing to the significant growth trajectory of the business as we head into 2018.
Mr Legudi said Robo is continuing to aggressively expand its customer base and broaden its distribution and reach, while continuing to explore opportunities with major distribution partners in the USA and internationally. In addition, the company is focusing on driving strategic commercial partnerships in a number of industry verticals, particularly education.
