6K Additive (6KA) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 revenue of US$7.1 million, up 63% year-over-year and 14% sequentially, with over 100 unique customers and 90% repeat order rate.

• Annualized revenue run-rate increased to US$28 million, with backlog rising to US$11.9 million, up 23% from Q1.

• Expansion plan underway to triple total capacity and quintuple powder production, fully funded by government grants, loans, and IPO proceeds.

• Strong liquidity with US$22.1 million in cash at quarter-end, supporting ongoing growth initiatives.

• Strategic focus on secure domestic supply chains and reshoring of critical materials aligns with national priorities.

Financial highlights

• Record Q2 2026 revenue of US$7.1 million, up 63% YoY and 14% QoQ.

• Powder segment revenue reached US$5.0 million, with refractory metals up 500% quarter-over-quarter and titanium powder nearly tripling YoY.

• Alloy segment revenue was US$2.1 million, up 62% YoY, with strong demand from North American aluminum producers and zirconium markets.

• Net operating cash outflow of US$3.1 million, reflecting higher production activity and inventory growth.

• Quarter-end cash balance of US$22.1 million.

Outlook and guidance

• Capacity expansion to deliver a 5x increase in powder production, targeting over 6,000 metric tons annually by end-2026.

• Cash flow breakeven anticipated immediately after Phase I capacity comes online in Q4 2026.

• Step change in revenue expected in the first half of 2027 as new capacity ramps up.

• Pipeline has grown to nearly US$270 million, with US$70 million in qualified opportunities.

• Expansion fully funded, including US$23.4 million DPA Title III grant and pending US$27.4 million EXIM Bank loan.