Piper Jaffray Cuts Price Target on Materialise NV (MTLS) Following Mixed 2Q
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Materialise Reports Second Quarter 2016 Results
August 11, 2016 6:30 AM EDTLEUVEN, Belgium--(BUSINESS WIRE)-- Materialise NV (NASDAQ: MTLS), a leading provider of additive manufacturing software and of sophisticated 3D printing services, today announced its financial results for the second quarter ended June 30, 2016.
Highlights Second Quarter 2016
Total revenue increased 11.4 % from the second quarter of 2015 to 27,597 kEUR, with increases in all three business segments. Adjusted EBITDA increased to 1,034 kEUR from (179) kEUR for the second quarter of 2015. Total deferred revenue from annual software sales and maintenance contracts increased 2,311 kEUR from 12,244 kEUR for the... More