Tag: market news

In a report released by Additive Manufacturing Research (AMR), the global additive manufacturing (AM) market has faced a one per cent estimated sequential decline in the third quarter of 2023 compared to the previous quarter.

Mining and infrastructure solutions developer Orica Limited has revealed robust financial results for the year ending 30 September 2023, showcasing a significant uplift in performance driven by effective strategy execution and commercial discipline.

The Ai Group Australian Industry Index has witnessed a reduction in contractionary conditions, marking an improvement of 8.2 points to reach a seasonally adjusted value of -3.5 points in September 2023. 

Tritium, a Brisbane-based manufacturer of electric vehicle chargers, has released its first-half calendar year and full fiscal year results, reporting record revenue of $112 million for the first half of 2023, marking a remarkable year-over-year increase of over 286 per cent. 

Additive manufacturing giant Stratasys announced its financial results for the second quarter of 2023, showcasing the company’s impressive revenue of $159.8 million, which is 1.6 per cent higher compared to the same period last year. 

BlueScope is set to make modifications to its external reporting segments to consolidate and simplify the reporting of its North American operations, following its recent acquisitions in the United States.

Quickstep, a manufacturer of aerospace composites, has published an update on its business performance for FY23, delivering a record-breaking forwards order book for FY24 and FY25 and receiving $264 million in new orders and order commitments.

Pharmaceutical company Cann Group Limited announced its FY23 unaudited results, with its operating revenue expected to be approximately $13.5 million, representing growth of 111 per cent or 2.1 times compared to the prior year revenue.

Defence industry company XTEK has updated its FY23 results guidance, anticipating record revenues for FY23 of between $86 million to $88 million up by circa 50 per cent compared to the previous recorded revenue of $58.2 million. 

Despite growing economic difficulties in the additive manufacturing (AM) global market, the first quarter of 2023 saw double-digit sequential growth to USD 3.7 billion (AUD 5.5 billion) compared to USD 3.4 billion (AUD 5 billion) during the same period of the prior quarter in, according to latest data from SmarTech Analysis.