Strong Revenue Growth
Materialise reported quarterly revenues of EUR 68.7 million, growing more than 14% compared to the third quarter last year, with growth in all business segments.
Medical Segment Performance
Medical was the strongest revenue generator for the second time in the company's history, accounting for 44% of revenue this quarter, with a growth of more than 24%.
Increased Gross Margin
The gross margin improved to 57.2% in the third quarter, up from 56% for the comparable period of 2023.
Strategic Partnerships in Software
Materialise formed new partnerships, including with Formlabs and Stratasys, and showed promising results from previously announced partnerships like nTop and DigiFabster.
Launch of Next-Generation Magics BP
Released the desktop deployment of next-generation Magics BPs, contracting more than 20 partners, improving build time and quality.