Sigma Labs, Inc. (NASDAQ:SGLB) Q1 2020 Earnings Conference Call - Final Transcript

May 14, 2020 • 04:30 pm ET


Sigma Labs, Inc. (NASDAQ:SGLB) Q1 2020 Earnings Conference Call - Final Transcript


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Good day and welcome to the Sigma Labs First Quarter Financial Results Conference Call. [Operator Instructions]

At this time, I would like to turn the conference over to Chris Tyson, Senior Managing Director of MZ North America. Please go ahead, sir.

Christopher Tyson

Thank you and good afternoon. I'd like to thank you all for taking time to join us for Sigma Labs' First Quarter 2020 business update and results conference call. Your host today are Mark Ruport, President and Chief Executive Officer and Frank Orzechowski, the company's Chief Financial Officer. Our press release detailing these results crossed the wires this afternoon and 4: 01 PM Eastern today and is available on the company's website Before we begin the formal presentation. I'd like to remind everyone that statements made on the call and webcast, including those regarding future financial results and industry prospects are forward looking and may be subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the call. Please refer to the company's SEC filings for a list of associated risks and we would also refer you to the company's website for more supporting industry information.

At this time, I'd like to turn the call over to Sigma Labs, President and Chief Executive Officer, Mark Ruport. Mark, the floor is yours.

Mark K. Ruport

Thank you, Chris, and good afternoon everybody and thanks for joining us today. The question, that is on everybody's mind is what is the new normal and no, I'm not talking about credit and going to the movies are getting on an airplane. I'm talking about Sigma Labs when it comes to revenue and results. In uncertain times I believe the company should provide more rather than less information. I can't predict the future with any more certainty than anyone else. During these times of uncertainty will endeavor to provide you with more information allowing you to measure the size of our market opportunity, our progress and our ability to execute.

So let's start painting the picture of Sigms's new normal by answering the questions that you're most interested in. What does Q1 tell us? What those revenue look like going forward? What have we done with expenses and cash management to reduce our burn rate and extend our runway? what is the current status of our RTE? what progress are we making on our strategic milestones and how will COVID affect the company's short term and long term? Well, I hope that covers most of your questions, because we have a limited time if I've missed, I'll be glad to answer them during the Q&A to the extent possible as a public company.

I've been very consistent in my belief that we will have increasing revenue quarter-over-quarter for the foreseeable future. I first made that statement in early Q1 and nothing has changed in that regard we did increase Q1 revenue over Q4, just not as much as we had planned. But we also factor in a