-- Metal Powder Works (ASX:MPW) said powder revenue nearly doubled quarter-on-quarter in the March quarter, with gross margins maintained at about 50%, according to a Wednesday Australian bourse filing.
The company received 35 orders during the quarter, including 18 repeat and 17 first-delivery customers.
The company said its Next Gen #1 program is tracking on schedule and on budget, with the first powder successfully produced and ramp-up underway toward its designed 100 metric tonne capacity.
The company held AU$13.1 million in cash with no debt.
The company's shares fell 4% in recent Wednesday trade.