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Why Sigma Labs Inc (SGLB) stock turnaround in the after-hours on Thursday?

FEDU Stock

FEDU Stock

Why Sigma Labs Inc (SGLB) stock started Thursday, April 22, 2021, with negativity and lost 7.76% in the normal trading session and closed at $3.21 per share. but in the after-hours, it gained 14.02% and closed at $3.66 per share.

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SGLB shares have risen by 43.95% over the last 12 months, and they have moved down by -0.62% in the past week. Over the past three months, the stock has lost -19.14%, while over the past six months, it has added 22.52%.


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Let’s have a look at its recent announcement

Financial results announcement

On April 22, 2021, Sigma Labs, Inc. announced its financial and operational results for the first quarter ended March 31, 2021.

Read More

Q1 2021 financial highlights

Initial contract from Ermaksan Innovative Technologies

On April 7, 2021, Ermaksan Innovative Technologies selected stigma Labsto provide itsPrintRite3D, In-Process Quality Assurance technology, as a factory option on its ENAVISION 3D metal additive machines and will be integrated with the Materialise Control Platform (MCP).

Initially, PrintRite3D will be installed for a single system at the Ermaksan facility in Bursa, Turkey.

Closing the registered direct offering of common stock

On March 26, 2021, Sigma Labs, Inc. closed the previously announced registered direct offering of 2,190,000 of its shares of common stock.

The combined purchase price for one common stock and a warrant to purchase one share of common stock was $4.445.

Gross proceeds of approximately $9.7 million will be used for the company’s operations.

Q4 and FY 2020 results announcement

On March 24, 2021, Sigma Labs, Inc. reported its financial and operational results for the fourth quarter and full-year ended December 31, 2020.

Q4 2020 financial highlights

FY 2020 Financial highlights

Conclusion

The turnaround on Thursday was due to the better financial results announcement. We can expect that SGLB stock will end the week on the positive side.

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