On-demand manufacturing service providerFathom数字制造（FTHM）报告了第1季度2022年的收入增长了33％。
在整个期间，这将第一个整个季度标记为public company on the NYSE, the firm generated $40.5 million, $10 million more than the $30.5 million it reported in Q1 2021. According to CEO Ryan Martin, the revenue rise is a result of securing several significant multimillion-dollar contracts during the quarter, a “strong orders volume”, and expanding its backlog of new business.
“Fathom delivered positive results in its first full quarter as a public company,” he said. “We are an industry pioneer with a history of profitability and cash generation, and extended this tradition in Q1 as we continue to benefit from the strong demand for our broad capabilities in the fast-growing digital manufacturing market.”
Fathom’s Q1 2022 financial results
Fathom generally reports its revenue across five key product segments: Additive Manufacturing, Injection Molding, CNC Machining, Precision Sheet Metal, and ‘Other Revenue.’
Over the course of Q1 2022, the firm’s best-performing division was Precision Sheet Metal, which brought in $14.6 million and accounted for 36% of total revenue generated during the period. This increase was largely driven by entering into a new multimillion-dollar agreement with a global semiconductor company to provide low volume sheet metal production, which followed previous work with the customer regarding CNC machining.
The company’s next highest revenue generator was its CNC Machining division, which brought in $13.3 million in Q1 2022, 11.9% more than it did in Q1 2021. Following this was Injection Molding at $6.8 million, Additive Manufacturing at $4.1 million, and Other Revenue at $1.6 million.
On the earnings call, Fathom’s CFO Mark Frost said that while its Additive Manufacturing segment was down 8.6% compared to Q1 2021, the firm maintained its pricing discipline during the quarter and is continuing to invest in new additive technologies, remaining “bullish” on the long-term growth of its additive platform.
“In addition to seasonal factors, our Q1 revenue was impacted by a domestic slowdown in early January due to the spread of the Omicron variant, which reduced additive revenue,” he said. “We also experienced a reduction in our outsource business stemming from the COVID lockdowns in Asia, which impacted particularly our injection molding shipments.”
弗罗斯特也补充说,第一季度往往是再保险的最低水平venue-generating quarter based on its ‘customer and commercial behaviors’, and although its organic revenue grew 6% during Q1 2022, $7.7 million of the firm’s Q1 revenue was the result of five acquisitions completed during the period; one domestic injection molding firm and four additional acquisitions focused on CNC machining.
关于盈利能力，马丁说，由于调整后的EBITDA总计620万美元，该公司提供了“盈利季度”，占15.2％的利润率。弗罗斯特（Frost）补充说，尽管与上一年相比，FATHOM对CNC收购的毛利率产生了稀释影响，这降低了调整后的利益EBITDA，但这已内置在公司本季度的EBITDA期望中。同时，该公司2022年第1季度的毛利率为38.2％。
| Financials ($) | Q1 2021 | Q1 2022 | Difference (%) |
| 总收入 | 30.5m | 40.5m | +32.8 |
| 雷电竞充值 | 4.5m | 4.1m | -8.6 |
| Injection Molding | 6.6m | 6.8m | +2.7 |
| CNC加工 | 4.8m | 133m | +175.8 |
| Precision Sheet Metal | 131m | 14.7m | +11.9 |
| 其他收入 | 1.4m | 1.6m | +11.4 |
| Net Income/Loss | -0.5m | 1780万 | +3660 |
| Adjusted EBITDA | 7.7m | 6.2m | -19.4 |
Expanding key verticals
On Fathom’s earnings call, Martin provided several examples of how the firm successfully accelerated manufacturing innovation throughout Q1 2022, and helped several of its larger enterprise customers to transform their supply chains.
During Q1, Fathom worked with an unnamed existing customer, described as a global leader in gas measurement, instruments, and technologies, to ramp up production of its product from 25 units per month to nearly 75, leveraging its CNC machining and Wire EDM offerings.
“This is yet just another example of how Fathom is able to identify and capitalize on new organic growth opportunities that expand our share of wallet, build entrenched, long-lasting partnerships with enterprise customers and generate attractive reoccurring revenue streams that benefit not only our company, but our shareholders,” Martin said.
Fathom还与机器人，消费电子，半导体和农业设备行业的客户合作，以大大减少其上市时间并改变其供应链。
在整个第1季度2022年，Fathom与两家公司合作，一家在消费电子产品垂直方面，另一家在农业设备中，以增加其对添加剂制造的采用。雷电竞充值For the consumer electronics firm, Fathom solved its customer labor shortage by leveraging a Manufacturing As A Service (MAAS) agreement with its 3D printing technologies, while Fathom’s additive manufacturing prevented a “down line situation” expected to last five days at the agricultural equipment firm with its additive manufacturing offering.
Projecting growth ahead of Evolve Step launch
在其第二季度的2022年财务上，Fathom重申了2022财年的收入在1.82亿至1.92亿美元之间的指导。如果实现，这将增加约23％。
该公司对调整后的EBITDA的全年前景也没有变化，因为它预计在2022年将产生4000万至4500万美元，隐含利润率为22％至23.4％。
Looking ahead to Q2 2022, the firm predicts revenue growth of between 17-25%, of which organic growth is anticipated to be 10% or higher. On the earnings call, Frost said Fathom anticipates to leverage its higher revenue growth through stronger cost absorption and the ramp up of lean manufacturing activities during Q2 2022.
Frost also repeated the firm’s intention to further strengthen its additive manufacturing capabilities throughout the rest of 2022 with the commercial launch of its new Evolve Step technology midway through the year.
他说：“与传统的注射成型工具和零件相比，这雷电竞充值项技术大大减少了零件的销售时间，这是添加剂制造中的这种进步，这是导致从原型化到添加剂生产的过渡的另一个例子。”“此外，我们最近安装了一个新的激光烧结系统，该系统带有两个高功率激光器，用于聚合物3D打印，从而可以快速生产零件。
“This is a major step up from predecessor systems leading to greater efficiencies, and productivity.”
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Featured image showsa selection of 3D printers in Fathom’s expansive technology offering. Photo via Fathom Digital Manufacturing.
