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Materialise Reports Second Quarter 2021 Results Press Release << Materialise Reports Second Quarter 2021 Results LEUVEN , Belgium -- ( BUSINESS WIRE ) -- Jul . 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 second quarter ended June 30 , 2021 . Highlights - Second Quarter 2021 • Total revenue increased 33 % to 50,713 kEUR for the second quarter of 2021 from 38,117 kEUR for the 2020 period . • Total deferred revenues from annual software sales and maintenance fees increased 1,725 kEUR to 31,967 KEUR compared to December 31 , 2020 . • Adjusted EBITDA increased 105 % to 6,925 kEUR for the second quarter of 2021 from to 3,382 KEUR for the 2020 period . • Net profit for the second quarter of 2021 was 3,443 kEUR , or 0.06 EUR per diluted share , compared to a loss of ( 1,969 ) kEUR , or ( 0.04 ) EUR per diluted share , for the 2020 period . • Total cash was 182,816 kEUR at the end of the quarter , and includes the net proceeds from our follow on capital increase of 4,000,000 new shares at 24 USD per share . Executive Chairman Peter Leys commented , “ Our strong second quarter results reflect our swift recovery from the COVID - 19 crisis : on a sequential basis , our revenues grew by 11.3 % compared to the first quarter of 2021 and our Adjusted EBITDA grew by almost 30 % compared to the same quarter . More importantly , in addition to a solid recovery , our second quarter 2021 results also show effective growth relative to our pre- pandemic results : compared to the same period in 2019 , our revenues grew by 5 % and our Adjusted EBITDA grew by 37 % . We are well positioned and determined to accelerate that growth , including through the use of the proceeds from the public offering of new shares we recently completed ( generating US $ 110.4 million in total gross cash proceeds , including US $ 14.4 million from the sale of 600,000 additional shares in connection with the underwriters ' exercise of their option to purchase such shares in July ) . " Second Quarter 2021 Results Total revenue for the second quarter of 2021 increased 33.0 % to 50,713 kEUR from 38,117 kEUR for the second quarter of 2020. Adjusted EBITDA more than doubled , increasing from 3,382 kEUR in the previous period to 6,925 kEUR . The Adjusted EBITDA margin ( Adjusted EBITDA divided by total revenue ) for the second quarter of 2021 increased to 13.7 % from 8.9 % for the second quarter of 2020 . Revenue from our Materialise Software segment increased 5.2 % to 10,032 kEUR for the second quarter of 2021 from 9,540 kEUR for the same quarter last year . Segment EBITDA was 3,129 kEUR compared to 3,756 KEUR while the segment EBITDA margin was 31.2 % compared to 39.4 % in the prior - year period . Revenue from our Materialise Medical segment increased 49.5 % to 17,544 kEUR for the second quarter of 2021 compared to 11,735 kEUR for the same period in 2020. Segment EBITDA increased to 4,519 kEUR compared to 1,139 kEUR while the segment EBITDA margin increased to 25.8 % from 9.7 % for the second quarter of 2020 .