stock hit the massive trade and continued to move up.This time the reason for the gain is crystal clear – the latest news by Sigma Labs. During the past days, the company has been releasing a number of positive announcements on its business, which influenced the stock price. After the news for the new version of its In Process Quality Assurance software, another positive announcement by SGLB came up yesterday. According to it, the company was now working with a large jet engine manufacturer to deploy IPQA technology to develop advanced aerospace manufacturing processes.
Considering the stock movement, obviously this news has inspired investors and they started buying Sigma shares intensively. However, the manufacturing processes are yet to be deployed.
Sigma Labs, Inc. designs and develops software products, materials, technologies and other manufacturing assurance solutions for the federal Government and commercial clients. About a week ago the stock hit the gain again, though this time on investors’ discussion, not on news released.[BANNER]
On March 31 the company filed a notification of late filing for its 10-K report, so the annual results are still in mystery. At the same time, the latest 10-Q report of Sigma remains discouraging due to the huge stockholders’ deficit and the net loss.
Besides, the management claims that the company’s ability to continue is dependent on expanding income opportunities and profitable operations, while Sigma has not achieved profitability yet. Thus, the company will need to raise additional funds through sales of common stock as its cash is not sufficient to meet current and future cash requirements.
