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2024-04-22 18:51 Materialise Reports First Quarter 2021 Results | Materialise NV materialise PRODUCTS AND SERVICES FOR : Engineering professionals Medical professionals Consumers OUR COMPANY : About Materialise Careers Investor Relations Visit our Local Websites Press Glossary Events Contact Blog Press Release View printer - friendly version Materialise Reports First Quarter 2021 Results = Menu << Back LEUVEN , Belgium -- ( BUSINESS WIRE ) -- Apr . 29 , 2021-- Materialise NV ( NASDAQ : MTLS ) , a leading provider of additive manufacturing and medical software and of sophisticated 3D printing services , today announced its financial results for the first quarter ended March 31 , 2021 . Highlights - First Quarter 2021 Total revenue was 45,554 KEUR for the first quarter of 2021 , compared to 46,245 kEUR for the 2020 period . Total deferred revenues from annual software sales and maintenance fees increased 1,888 KEUR to 32,130 KEUR compared to December 31 , 2020 . Adjusted EBITDA was 5,341 KEUR for the first quarter of 2021 compared to 3,603 kEUR for the 2020 period . Net loss for the first quarter of 2021 was ( 3,667 ) KEUR , or ( 0.07 ) EUR per diluted share , compared to ( 2,899 ) KEUR , or ( 0.05 ) EUR per diluted share , for the 2020 period . Total cash was 107,568 KEUR at the end of the quarter ; net debt was 2,960 KEUR , an improvement of 612 KEUR compared to December 31 , 2020 . Executive Chairman Peter Leys commented , " While the global economy was still significantly impacted by the COVID - 19 pandemic , Materialise performed well . We continued to bounce back , and our revenue came close to the level of the first quarter of 2020 , which predated the pandemic . We are particularly encouraged by the fact that , alongside the revenue growth of Materialise Medical , which has been performing very strongly since Q3 2020 , Materialise Software also posted growth this quarter . Our Adjusted EBITDA was a solid 5,341 KEUR , a 48.2 % increase compared to the same period last year . In addition to our good financial performance during the past quarter , we took an important step to secure our growth in the longer term through the acquisition of an option to buy Link3D , a developer of AM manufacturing execution systems . " First Quarter 2021 Results Total revenue for the first quarter of 2021 was 45,554 KEUR , a decrease of 1.5 % compared to 46,245 KEUR for the first quarter of 2020. Adjusted EBITDA increased 48.2 % to 5,341 kEUR from 3,603 KEUR . The Adjusted EBITDA margin ( Adjusted EBITDA divided by total revenue ) for the first quarter of 2021 increased to 11.7 % from 7.8 % for the first quarter of 2020 . Revenue from our Materialise Software segment increased 4.1 % to 10,219 kEUR for the first quarter of 2021 from 9,821 KEUR for the same quarter last year . Segment EBITDA increased 29.6 % to 3,429 kEUR from 2,645 KEUR while the segment EBITDA margin increased to 33.6 % from 26.9 % for the prior - year period . Revenue from our Materialise Medical segment increased 3.7 % to 16,231 KEUR for the first quarter of 2021 compared to 15,645 KEUR for the same period in 2020 . Segment EBITDA increased 85.0 % to 4,541 KEUR compared to 2,455 KEUR while the segment EBITDA margin increased to 28.0 % from 15.7 % for the first quarter of 2020 . Revenue from our Materialise Manufacturing segment was 19,114 KEUR for the first quarter of 2021 , a decrease of 8.2 % from 20,815 KEUR for the first quarter of 2020. Segment EBITDA decreased to ( 144 ) KEUR from 1,118 KEUR while the segment EBITDA margin was ( 0.8 ) % compared to 5.4 % % for the first quarter of 2020 . Gross profit remained stable at 24,568 KEUR compared to 24,585 KEUR for the same period last year , while the gross profit margin increased to 53.9 % of total revenue from 53.2 % for the first quarter of 2020 . Research and development ( " R & D " ) , sales and marketing ( " S & M " ) and general and administrative ( " G & A " ) expenses decreased , in the aggregate , 3.6 % to 25,398 KEUR for the first quarter of 2021 from 26,351 KEUR for the first quarter of 2020 . Net other operating income was 1,120 KEUR compared to 683 KEUR for the first quarter of 2020 . Operating result increased to 290 kEUR from ( 1,084 ) KEUR for the first quarter of 2020 . Net financial result was ( 4,112 ) KEUR compared to ( 1,321 ) KEUR for the first quarter of 2020. Excluding the impairment of our loan position in Ditto for an amount of ( 3,201 ) KEUR , net financial result was ( 911 ) KEUR . The first quarter of 2021 contained income tax expenses of 155 KEUR , compared to ( 457 ) KEUR in the first quarter of 2020 . https://investors.materialise.com/news-releases/news-release-details/materialise-reports-first-quarter-2021-results 1/7