333d (ASX:T3D) enters 2022 debt-free and with $662k in the bank

• 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.