3D Printing Financials: Tekna Turns Profitable as AM Powder Demand Grows

Metal powder supplier Tekna (FRA: 8VB) reported stronger financial results in the second quarter, as growing aerospace and defense demand helped its Materials business and more additive manufacturing (AM) customers moved into production.

Founded in Canada in 1990 to commercialize technology developed at the Université de Sherbrooke, Tekna is owned through Norwegian-listed Tekna Holding ASA. The Quebec-based business reported second-quarter revenue of CAD 10.6 million ($7.6 million), up 18% from CAD 9 million ($6.5 million) a year earlier. Adjusted EBITDA reached CAD 1.4 million ($1 million), compared with a CAD 2 million ($1.4 million) loss in the same period last year. That marked the company’s fourth consecutive quarter of positive adjusted EBITDA. Tekna also posted a small net profit o