6K Additive (6KA) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached a record US$7.2M, up 61% YoY; backlog rose 52% QoQ to a record US$18.1M.

• Total pipeline reached US$294M, with demand exceeding manufacturing capacity.

• Powder productivity improved 119% YoY and 4.5% QoQ as the Burgettstown expansion progressed toward 6,000+ MT/year total capacity.

• Operating cash outflow improved 22% QoQ to US$2.4M.

Financial highlights

• Q3 revenue was US$7.2M, up 61% YoY; annualized revenue run rate was US$28.8M.

• Powder revenue was US$5.5M, up 72% YoY and 10% QoQ; alloy revenue was US$1.7M, up 34% YoY.

• Total order intake rose to US$13.5M from US$9.4M in Q2; powder order intake was US$12.3M, up 43% QoQ.

• Customer receipts rose 32% QoQ to US$7.9M; operating cash outflow was US$2.4M versus US$3.1M in Q2.

• Quarter-end cash was US$16.3M; Q3 PP&E investment was US$3.0M.

Outlook and guidance

• FY2026 capital expenditure guidance was reduced to US$10–11M from US$11–12M due to payment timing shifting into early 2027.

• Powder expansion targets 6,000+ MT/year total capacity, including 1,000 MT/year powder capacity versus 200 MT/year currently.

• Powder expansion commissioning is expected in late Q4 2026, with production ramp-up in Q1 2027; remaining 2026 CapEx is up to US$7M and 2027 CapEx is expected to be US$14M.

• Expansion construction, consolidation and equipment procurement were progressing on schedule; Q4 priorities include backlog conversion, productivity gains and customer qualifications.

• Management expects operating cash burn to decrease as capacity comes online and facilities are consolidated.