Robo 3D Limited (ASX: RBO) has surpassed FY17 Full Year revenue in the first five months of the new Financial Year.
The developer of award-winning products for the desktop segment of the fast-growing 3D printing industry, says it now expects its revenue for the half year ending December 2017 to be around $4.0 million, will past its FY17 figure of $3.2 million.
The company said strong sales performances from its Robo R1+, Robo R2 and Robo C2 products saw it surpass its total annual revenue from last year prior to the major “Black Friday” sales weekend in the USA.
Robo Managing Director, Ryan Legudi, said the company is continuing to aggressively expand its customer base and broaden its distribution and reach, highlighted by the recent expansion into Australia and the United Kingdom, taking Robo’s international distribution into 23 countries, with focus now on expanding into new regions including the Middle East and Asia.
In addition, Robo is continuing to explore opportunities with major distribution partners in the USA and internationally, with a particular focus on education, a key driver of Robo’s growth ambitions.
