3D metal printer sees 1,005% YoY revenue boost

AML3D has recorded a massive 1005% year-on-year boom in revenue as the U.S. defence sector takes advantage of its advanced manufacturing capabilities.

More than half of the growth for this additive manufacturing business came from the U.S. Navy’s demand for AML3D’s ARCEMY 3D metal printing system for use in submarines.

It also supported fellow Australian manufacturer Austal, at its advanced manufacturing centre in Virginia, while winning contracts to support the Australian government Defence Science and Technology Group.

The strong year saw revenues rise from $0.6m to $7.32m for the 2024 financial year.

With the U.S. market the company’s main region for growth, AML3D said its focus is on continuing to grow its presence in the country as part of a ‘scale up strategy’, although it will still develop Australian opportunities.

“The U.S. market is the largest additive manufacturing market in the world,” the company said in a statement, “AML3D is investing to establish a manufacturing hub in the U.S. to maximise the growth opportunities in this market.”

“We believe our technology advantage will transform metal manufacturing and help to rebuild sovereign manufacturing capabilities in the markets we serve.”

It added that it is also continuing to invest in its advanced wire-arc additive manufacturing (WAM) technology to increase its footprint in the defence, oil and gas, and marine sectors.