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An update from Materialise ( (MTLS) ) is now available.
Materialise NV reported its financial results for the fourth quarter and full year of 2024, showcasing a modest revenue increase driven by significant growth in its Materialise Medical segment, despite challenges in the manufacturing sector. The company highlighted the impact of high R&D expenditures and restructuring costs on its financial performance, but maintained a positive net result for the year, with a noteworthy operational cash flow increase. Looking ahead, Materialise anticipates continued growth in its Medical segment and plans to transition its Software segment to a subscription-based model, while navigating a challenging macroeconomic environment affecting its manufacturing operations.
More about Materialise
Materialise NV is a prominent entity in the additive manufacturing industry, providing advanced 3D printing services and medical software solutions. The company focuses on sectors such as healthcare and manufacturing, aiming for innovation and growth within its market segments.
YTD Price Performance: 30.04%
Average Trading Volume: 195,717
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $548.1M
Learn more about MTLS stock on TipRanks’ Stock Analysis page.
