Materialise NV (MTLS) has released an update.
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Materialise NV reported a 3.4% decrease in total revenue for Q1 2024 compared to the same period in 2023, with a notable increase in revenue for its Medical segment and declines in Software and Manufacturing segments. Despite the revenue dip, the company’s net profit remained relatively stable at 3,585 kEUR, slightly down from 3,715 kEUR in Q1 2023. Materialise’s overall cash and cash equivalents saw a slight increase, with a stronger net cash position due to reduced gross debt.
For further insights into MTLS stock, check out TipRanks’ Stock Analysis page.
