{"id":4608,"date":"2014-05-20T14:12:28","date_gmt":"2014-05-20T14:12:28","guid":{"rendered":"\/?p=4608"},"modified":"2014-05-20T14:13:42","modified_gmt":"2014-05-20T14:13:42","slug":"sigma-labs-inc-otcmktssglb-still-red-after-quarterly-report","status":"publish","type":"post","link":"\/articles\/sigma-labs-inc-otcmktssglb-still-red-after-quarterly-report\/","title":{"rendered":"Sigma Labs, Inc. (OTCMKTS:SGLB) Still Red After Quarterly Report"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/327SGLB_chart.png\" border=\"0\" alt=\"327SGLB_chart.png\" title=\"327SGLB_chart.png\" width=\"450\" height=\"201\" \/>Yesterday the share price of Sigma Labs, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SGLB\">SGLB<\/a>) took another tumble down the charts. By the closing bell <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SGLB\">SGLB<\/a> was 7% down, at $0.13 per share. <\/p>\n<p>We have not covered the 3D printing company in a long while and there have been two new filings since our last article. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SGLB\">SGLB<\/a>&#8216;s annual report was made public on the last day of March and was met with a lukewarm reaction. Since its release the company&#8217;s share price fluctuated, finding what could be interpreted as support around its 50-day moving average.<\/p>\n<p>After the release of the Q1 report for 2014 the ticker slipped further down. The last 10-Q furnished by the company contained the following numbers:<\/p>\n<ul>\n<li>$4 million in cash<\/li>\n<li>$97 thousand in current liabilities<\/li>\n<li>$114 thousand in Q1 revenues<\/li>\n<li>$466 thousand in Q1 net loss<\/li>\n<\/ul>\n<p>Sigma has grown its cash position considerably since December&#8217;s $992 thousand. This financial injection came from the sale of 43.7 million shares at $0.08 per share, worth $3.5 million. While this did take place in January, when <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SGLB\">SGLB<\/a> was skating along its lowest price for the last six months, the company never closed below $0.11 cents over that month and the shares were sold at a discount even back then.<\/p>\n<p>On the other hand, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SGLB\">SGLB<\/a> reported that it should have sufficient funds to finance operations through 2015. With the tentative commercialization date for its in-process quality assurance technology still set for 2014, this should mean that there is no need for further dilution over the next months.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/59SGLB_logo.jpg\" border=\"0\" alt=\"59SGLB_logo.jpg\" title=\"59SGLB_logo.jpg\" width=\"116\" height=\"72\" \/>In early May <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SGLB\">SGLB<\/a> announced an agreement with Honeywell International, under which the Honeywell engineering center will be used as the beta testing grounds for Sigma&#8217;s PrintRite software. The extension of Honeywell&#8217;s support indicates a degree of confidence in Sigma&#8217;s product.<\/p>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=SGLB\">SGLB<\/a> appears to have enough money in its coffers to stem dilution for the next couple of quarters and tests are still being conducted with a big name in aerospace and the next few months will be a pivotal point in the company&#8217;s development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday the share price of Sigma Labs, Inc. (OTCMKTS:SGLB) took another tumble down the charts. By the closing bell SGLB was 7% down, at $0.13 per share. We have not covered the 3D printing&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[814],"class_list":["post-4608","post","type-post","status-publish","format-standard","hentry","category-news","tag-sglb"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=4608"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/4608\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=4608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=4608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=4608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}