333D (ASX:T3D) - Chairman, John Conidi
Chairman, John Conidi
Source: Facebook
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 3D printing business 333D (T3D) has ended the December quarter debt-free and with $662,139 worth of cash in the bank
  • The company released its latest quarterly report showing it brought in $35,125 in cash receipts from customers in the three month period
  • It also received a $20,000 grant from the Victorian Government and raised $545,000 in extra cash from investors via a share placement
  • Finally, 333D signed a collaboration deal with Giant Swan, a cryptoartist that specialises in creating virtual reality digital art
  • Company shares are down 11.1 per cent at 0.4 cents each

3D printing business 333D (T3D) has ended the December quarter debt-free and with $662,139 worth of cash in the bank.

The company released its latest quarterly report on Friday, showing it brought in $35,125 in cash receipts from customers in the three month period.

It also received a $20,000 grant from the Victorian Government and raised $545,000 in extra cash from investors via a share placement.

Additionally, the business paid back $300,000 of debt via a share issue to help the ASX-lister become debt-free.

333D spent $102,756 on expenditure during the October to December period, including $47,631 on operating expenses.

Given its more than $662,000 worth of cash on hand, 333D has enough funds to keep running for 13.9 quarters based on its operating expenses.

Finally, the company signed a collaboration deal with Giant Swan, a cryptoartist that specialises in creating virtual reality digital art.

The 3D printing business will use some of the funds from the recently completed share placement to help build its digital asset library and convert to blockchain and NFTs.

Shares in 333D were trading down 11.1 per cent at 0.4 cents each on 1:49 pm AEDT.

T3D by the numbers
More From The Market Herald
The Market Herald Video

" Woomera Mining (ASX:WML) appoints Jason Livingstone as new Managing Director

Mineral explorer Woomera Mining (ASX:WML) has appointed Jason Livingstone as its new Managing Director, effective from…
The Market Herald Video

" Security Matters (ASX:SMX) enters into $2m standby equity facility

Security Matters (ASX:SMX) has entered into a standby equity deed with Evolution Capital.
The Market Herald Video

" Ora Gold (ASX:OAU) obtains unsecured $500k loan facility

Ora Gold (ASX:OAU) has obtained an unsecured $500,000 loan facility from Ioma to assist with general…
Baby Bunting (ASX:BBN) - Chair and Non Executive Director, Melanie Wilson

" Baby Bunting (ASX:BBN) surpasses $500m sales for the first time

Baby goods retailer Baby Bunting (ASX:BBN) surpasses half a billion dollars in sales for the first…