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Robo 3D debuts on the ASX; eyes growing 3D printing market

Published: 11:30 22 Dec 2016 AEDT

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Robo 3D debuts on the ASX; eyes growing 3D printing market

Adding interest, Robo’s shares were last trading at $0.14, up 40% from its issue price.

The California-based company has positioned itself as an emerging player in the fast-growing desktop 3D printing industry.

Robo has sold almost 11,000 units of its 3D printer models in over 70 countries since delivering its first model in 2013.

The company has seen consistent revenue growth each year since inception, driven by strong market share in the U.S., reaching US$4.4 million in the twelve months ending June 2016.

Robo’s blue chip customers include large U.S. retailers such as Amazon, Best Buy, and Staples, with international expansion underway.

The capital raising will enable Robo to further bolster its sales team in the U.S. and accelerate penetration into international markets.

The funds will also support the production of two new 3D printer models, including the award-winning “R2” model, which is expected to accelerate revenue growth in CY2017.

Worldwide shipments of desktop 3D printers are estimated to have almost doubled in 2016, to reach 455,772 units.  The volumes are expected to increase to 6.7 million by 2020.

Robo generates revenue from a range of products including its 3D printers, filaments, software for 3D educational curriculum and project kits (such as drones).

The company listed on the ASX via a reverse takeover deal with Falcon Minerals.

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