Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MZ Group at 1-949-491-8235.

The conference call will be broadcast live and available for replay at https://viavid.webcasts.com/starthere.jsp?ei=1578896&tp_key=d0ac064246 and via the investor relations section of the Company's website at www.sigmaadditive.com.

A replay of the conference call will be available after 11:30 a.m. Eastern time through November 28, 2022.

Toll-free replay number:		1-844-512-2921
International replay number:		1-412-317-6671
Replay ID:		10172669

About Sigma Additive Solutions

Sigma Additive Solutions, Inc. is a leading provider of in-process quality assurance (IPQA™) solutions to the additive manufacturing industry. Sigma specializes in the development and commercialization of real-time monitoring and analytics known as PrintRite3D® for 3D metal and polymer advanced manufacturing technologies. PrintRite3D detects and classifies defects and anomalies real-time during the manufacturing process, enabling significant cost-savings and production efficiencies by reducing waste, increasing yield and shortening cycle times. Sigma believes its software solutions will be a major catalyst for the acceleration and adoption of industrial 3D printing. For more information, please visit www.sigmaadditive.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are risks relating to, among other things, market and other conditions, Sigma’s business and financial condition, the extent of the market's acceptance of PrintRite3D®, Sigma’s ability to satisfy its capital needs through increasing its revenue and obtaining additional financing, and general economic, industry or political conditions in the United States or internationally. Sigma disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact Sigma’s forward-looking statements, please see disclosures contained in Sigma's public filings with the SEC, including the "Risk Factors" in Sigma's Annual Report on Form 10-K, which may be viewed at www.sec.gov.

Sigma Additive Solutions, Inc. (formerly Sigma Labs, Inc.)
Condensed Balance Sheets
	September 30, 2022 (Unaudited)				December 31, 2021
ASSETS
Current Assets:
Cash	$	4,800,680			$	11,447,047
Accounts Receivable, net		367,770				412,192
Inventory		967,432				710,080
Prepaid Assets		177,724				114,278
Total Current Assets		6,313,606				12,683,597
Other Assets:
Property and Equipment, net		244,838				232,282
Intangible Assets, net		1,084,205				925,111
Total Other Assets		1,329,043				1,157,393
TOTAL ASSETS	$	7,642,649			$	13,840,990
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts Payable	$	403,547			$	206,442
Deferred Revenue		129,689				148,855
Accrued Expenses		287,645				625,942
Total Current Liabilities		820,881				981,239
TOTAL LIABILITIES		820,881				981,239
Stockholders’ Equity
Preferred Stock, $0.001 par value; 10,000,000 shares authorized; 465 shares issued and outstanding		1				1
Common Stock, $0.001 par value; 24,000,000 shares authorized; 10,498,802 shares issued and outstanding		10,499				10,499
Additional Paid-In Capital		54,193,981				53,442,431
Accumulated Deficit		(47,382,713	)			(40,593,180	)
Total Stockholders’ Equity		6,821,768				12,859,751
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	7,642,649			$	13,840,990

Sigma Additive Solutions, Inc. (formerly Sigma Labs, Inc.)
Condensed Statements of Operations
(Unaudited)
	Three Months Ended September 30,								Nine Months Ended September 30,
	2022				2021				2022				2021
REVENUES	$	188,245			$	700,237			$	476,749			$	1,302,525
COST OF REVENUE		79,713				164,766				312,879				409,493
GROSS PROFIT		108,532				535,471				163,870				893,032
OPERATING EXPENSES:
Salaries & Benefits		1,227,805				1,222,760				3,704,633				3,055,279
Stock-Based Compensation		275,418				659,512				613,833				893,431
Operations and R&D Costs		152,245				131,772				442,548				608,812
Investor, Public Relations and Marketing		46,832				119,622				293,458				342,725
Organization Costs		140,522				342,112				260,088				578,256
Legal & Professional Service Fees		252,886				261,075				608,830				681,941
Office Expenses		183,608				172,238				692,640				472,335
Depreciation & Amortization		26,857				27,689				88,302				76,502
Other Operating Expenses		86,783				90,108				263,747				267,663
Total Operating Expenses		2,392,956				3,026,888				6,968,079				6,976,944
LOSS FROM OPERATIONS		(2,284,424	)			(2,491,417	)			(6,804,209	)			(6,083,912	)
OTHER INCOME (EXPENSE)
Interest Income		278				2,981				3,025				10,053
State Incentives		-				-				76,628				-
Exchange Rate Loss		(6,184	)			(490	)			(16,950	)			(333	)
Interest Expense		(1,978	)			(2,052	)			(5,367	)			(5,434	)
Other Income		-				-				-				1,092,441
Total Other Income (Expense)		(7,884	)			439				57,336				1,096,727
LOSS BEFORE PROVISION FOR INCOME TAXES		(2,292,308	)			(2,490,978	)			(6,746,873	)			(4,987,185	)
Provision for income Taxes		-				-				-				-
Net Loss	$	(2,292,308	)		$	(2,490,978	)		$	(6,746,873	)		$	(4,987,185	)
Preferred Dividends		(14,220	)			(14,220	)			(42,660	)			(89,347	)
Net Loss Applicable to Common Stockholders	$	(2,306,528	)		$	(2,505,198	)		$	(6,789,533	)		$	(5,076,532	)
Net Loss per Common Share – Basic and Diluted	$	(0.22	)		$	(0.24	)		$	(0.65	)		$	(0.53	)
Weighted Average Number of Shares Outstanding – Basic and Diluted		10,498,802				10,494,560				10,498,802				9,602,666

Sigma Additive Solutions, Inc. (formerly Sigma Labs, Inc.)
Condensed Statements of Cash Flows
(Unaudited)
	Nine Months Ended
	September 30, 2022				September 30, 2021
OPERATING ACTIVITIES
Net Loss	$	(6,746,873	)		$	(4,987,185	)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Noncash Expenses:
Depreciation and Amortization		88,302				76,502
Gain on Derivative Liability		-				(1,092,441	)
Stock-Based Compensation - Employees		613,833				893,431
Stock-Based Compensation - Third Party Services		24,463				128,809
Stock-Based Compensation - Directors		70,594				404,580
Change in Assets and Liabilities:
Accounts Receivable		44,422				(335,178	)
Inventory		(257,352	)			(196,896	)
Prepaid Assets		(63,446	)			(13,940	)
Accounts Payable		197,105				94,220
Deferred Revenue		(19,166	)			7,523
Accrued Expenses		(338,297	)			233,985
NET CASH USED IN OPERATING ACTIVITIES		(6,386,415	)			(4,786,590	)
INVESTING ACTIVITIES
Purchase of Property and Equipment		(83,848	)			(116,631	)
Purchase of Intangible Assets		(176,104	)			(138,141	)
NET CASH USED IN INVESTING ACTIVITIES		(259,952	)			(254,772	)
FINANCING ACTIVITIES
Gross Proceeds from Public and Private Issuances of Securities		-				14,869,899
Less Offering Costs		-				(1,600,967	)
Proceeds from Exercise of Warrants		-				1,136,010
NET CASH PROVIDED BY FINANCING ACTIVITIES		-				14,404,942
NET CHANGE IN CASH FOR PERIOD		(6,646,367	)			9,363,580
CASH AT BEGINNING OF PERIOD		11,447,047				3,700,814
CASH AT END OF PERIOD	$	4,800,680			$	13,064,394
Supplemental Disclosures:
Noncash Investing and Financing Activities Disclosure:
Issuance of Common Shares for Preferred Dividends	$	-			$	89,347
Other Noncash Operating Activities Disclosure:
Issuance of Securities for services	$	95,057			$	533,387
Disclosure of Cash Paid for:
Interest	$	5,367			$	5,434
Income Taxes	$	-			$	-

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