6K Additive (6KA) Q1 2026 TU earnings summary

Executive summary

• Achieved Q1 2026 revenue of US$6.2M, up 88% year-over-year and 10% sequentially, driven by strong demand and new customer wins.

• Customer receipts rose 74% year-over-year to US$6.6M, reflecting higher sales volumes and improved cash conversion.

• Ended the quarter with a net cash balance of US$26.0M, maintaining a strong balance sheet.

• Significant operational progress with expansion projects and strategic supply agreements.

Financial highlights

• Product manufacturing and operating costs decreased 27% sequentially to US$4.3M, despite revenue growth.

• Staff costs increased to US$3.3M, up from US$1.8M in Q4 2025, due to IPO-related bonuses.

• Net cash used in operating activities was US$2.9M for the quarter.

• Cash and cash equivalents at quarter end were US$26.0M, down from US$29.5M in the previous quarter.

Outlook and guidance

• Backlog for Powder Products reached US$7.0M, positioning for sustained growth in upcoming quarters.

• Alloy Products backlog increased to US$2.7M, with strong demand expected from automotive and aerospace sectors.

• Ongoing campus expansion and government contracts expected to further boost capacity and market position.