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voxeljet(VJET) - 2023 Q3 - Earnings Call Transcript
2023-11-17 16:35
Financial Data and Key Metrics - Total revenue for Q3 2023 increased by 7.5% to EUR6.2 million from EUR5.7 million in Q3 2022 [18] - Systems revenue increased by 25.2% to EUR3.4 million in Q3 2023 compared to EUR2.7 million in Q3 2022 [36] - Services revenue decreased by 8.2% to EUR2.8 million in Q3 2023 from EUR3.0 million in Q3 2022 [29] - Gross profit margin decreased to 26.8% in Q3 2023 from 28.7% in Q3 2022 [34] - Operating loss was EUR2.8 million in Q3 2023 compared to EUR2.5 million in Q3 2022 [39] - Net loss for Q3 2023 was EUR3.2 million or EUR0.35 per ADS, compared to a net loss of EUR8.7 million or EUR1.23 per ADS in Q3 2022 [39] Business Segment Performance - Systems segment revenue increased by 37% for the first nine months of 2023, driven by the sale of 3D printers, consumables, and aftersales activities [20][36] - Services segment gross profit margin decreased to 29.6% in Q3 2023 from 32.8% in Q3 2022 due to lower utilization of German and Chinese service centers [29] - The recurring portion of revenue from aftersales activities is growing as the installed base of 3D printers expands [20] Market and Geographic Performance - Revenue is targeted to be evenly distributed across Europe, USA, and Asia to hedge against local risks [22] - The company has a strong presence in major markets, including Europe, USA, and Asia [1] - In Germany, the company received a large order from a leading carmaker, and in the US, the PMMA section is fully booked [11] Strategic Direction and Industry Competition - The company aims to break even on a full-year EBITDA basis by 2025 and is focused on optimizing costs without compromising growth targets [12][33] - The company is developing a new large-scale binder-jetting printer (BFP) under a $14.9 million contract with GE Research, funded by the US Department of Energy [23] - The company is expanding its production capacity with high-speed sintering printers, targeting industries such as automotive and aerospace [26][27] Management Commentary on Operating Environment and Future Outlook - The company is targeting the higher end of its full-year sales guidance for 2023, dependent on successful printer installations [6] - Management is optimistic about the future, with a strong order backlog of 15 3D printers worth EUR11.8 million [18] - The company expects Q4 2023 revenue to be in the range of EUR10 million to EUR13.5 million [42] Other Important Information - The company has cash, cash equivalents, and short-term investments of approximately EUR10 million as of September 30, 2023 [40] - The company has filed 28 pending patent applications across 10 product families to protect its proprietary technology [25] - The company hosted a two-day customer seminar featuring discussions on metal casting, 3D printing, and material development [28] Q&A Session Summary Question: Average Selling Price of Printers - The average selling price of printers is around EUR500,000, but it can vary depending on the product mix, with quarterly averages around EUR700,000 to EUR800,000 [44][45] Question: Pipeline of Opportunities - The company sees increased interest in its products and is confident about growth in 2024 and 2025 based on the current pipeline [46][47] Question: New Customer Wins and System Sales - The company is engaging with more prospective customers, and its products are well-accepted in the market, with over 300 active clients [48] Question: Future Plans with BMW - Discussions with BMW and other clients are ongoing regarding the utilization of 3D printing for future casting and production methods [49][50] Question: 2024 Growth and EBITDA Outlook - The company expects 15% to 20% revenue growth in 2024, with cost reductions in SG&A and aims to be EBITDA neutral or slightly negative in the second half of 2024 [51][52] Final Comments - Management is optimistic about Q4 2023, expecting it to be the best quarter to date due to robust capacity utilization and order inflow [58]
voxeljet(VJET) - 2023 Q3 - Earnings Call Presentation
2023-11-17 13:39
Third Quarter 2023 Financial Results v↓xeljet Fly through our HQs in Germany: https://www.youtube.com/watch?v=BVt4h_6oWkc SAFE HARBOR SUMMARY 17 November 2023 Disclaimer This presentation contains forward-looking statements concerning voxeljet AG's business, operations and financial performance and condition as well as our plans, objectives and expectations for our business operations and financial performance and condition. Any statements that are not of historical facts may be deemed to be forward-looking ...
voxeljet(VJET) - 2023 Q3 - Quarterly Report
2023-11-16 21:05
Financial Performance - Total revenues for Q3 2023 reached €6,167 thousand, up from €5,735 thousand in Q3 2022, reflecting a growth of approximately 7.5%[10] - Gross profit margin for Q3 2023 was 26.8%, slightly improved from 28.7% in Q3 2022, with gross profit amounting to €1,652 thousand[10] - For the nine months ended September 30, 2023, net loss was €(10,067) thousand, a decrease in loss compared to €(11,254) thousand for the same period in 2022[10] - Revenue from the EMEA region for Q3 2023 was €3,369 thousand, an increase from €2,578 thousand in Q3 2022, showing a growth of approximately 30.7%[11] - Operating loss for the nine months ended September 30, 2023, was €(8,576) thousand, compared to €(5,615) thousand in the same period of 2022, indicating a worsening operational performance[10] - The company reported a gross profit of €5,422 thousand for the nine months ended September 30, 2023, compared to €5,328 thousand in the same period of 2022, indicating stable performance[10] Financial Position - As of September 30, 2023, total inventories increased to €13,736 thousand from €11,136 thousand as of December 31, 2022, representing a growth of 23.4%[93] - The net property, plant, and equipment decreased to €16,843 thousand as of September 30, 2023, down from €17,799 thousand as of December 31, 2022, a decline of 5.4%[94] - Total liabilities decreased to €25,072 thousand as of September 30, 2023, from €22,587 thousand as of December 31, 2022, an increase of 11.0%[98] - The total carrying amount of financial assets as of September 30, 2023, was €14,614 thousand, with cash and cash equivalents amounting to €4,968 thousand[97] - The total carrying amount of financial liabilities as of September 30, 2023, was €25,072 thousand, with current liabilities at €5,195 thousand[97] - The company’s total other liabilities decreased to €2,342 thousand as of September 30, 2023, from €2,653 thousand as of December 31, 2022, a reduction of 11.7%[95] Financial Instruments - The Anzu Note issued in January 2023 has a principal amount of USD 3.2 million (€3.0 million) and matures on January 3, 2028, with a 3% annual interest rate[100] - The fair value of the embedded derivative financial instruments from the Anzu Note was assessed at €869 thousand as of September 30, 2023, reflecting an addition of €535 thousand since December 31, 2022[104] - The company recognized a finance expense of €325 thousand for the nine months ended September 30, 2023, related to changes in the fair value of derivative financial instruments[104] - As of September 30, 2023, the company was in compliance with all covenants associated with its financial instruments[107] Finance Results - Financial result for Q3 2023 shows a finance expense of €(425) thousand, significantly reduced from €(6,175) thousand in Q3 2022, indicating improved financial management[8] - Finance income for Q3 2023 was €44 thousand, a notable increase from €8 thousand in Q3 2022, reflecting better investment returns[8] - Interest expense on lease liabilities for Q3 2023 was €(286) thousand, up from €(33) thousand in Q3 2022, suggesting increased leasing costs[8] Operational Support - The company has issued letters of support to its subsidiaries to provide financial backing, indicating a commitment to maintaining operational stability[115] Employment and Related Transactions - Voxeljet employed Lisa Franz as an intern from October 2021 to February 2022, receiving a salary of kEUR 1 in Q1 2022[121] - Voxeljet employed Romy Ederer as an intern from March to April 2023, receiving a salary of kEUR 1 in the nine months ended September 30, 2023[121] - All related party transactions were conducted on an arm's length basis[122]
voxeljet(VJET) - 2023 Q2 - Earnings Call Transcript
2023-08-18 02:29
Financial Data and Key Metrics - Revenue for Q2 2023 increased by 2% to EUR6.8 million from EUR6.7 million in Q2 2022, setting a new record for Q2 revenue [41][47] - Gross profit margin slightly decreased to 27.1% in Q2 2023 from 31.3% in Q2 2022 [47] - Net loss for Q2 2023 was EUR3.6 million or EUR0.40 per ADS, compared to a net loss of EUR1.8 million or EUR0.26 in Q2 2022 [21] - Order backlog for 3D printers increased by 23% to EUR10.2 million at the end of Q2 2023 from EUR8.3 million in Q2 2022 [43] Business Segment Performance - Systems segment revenue increased by 11.5% to EUR4 million in Q2 2023 from EUR3.6 million in Q2 2022, driven by the sale of three new printers [18][42] - Services segment revenue decreased by 8.7% to EUR2.8 million in Q2 2023 from EUR3.1 million in Q2 2022, with gross profit margin declining to 33.3% from 39.7% [48] - US subsidiary achieved the highest on-demand printing revenue in over three years, while German and Chinese service centers saw slightly lower revenues compared to Q2 2022 [8][34] Market and Geographic Performance - The company targets an even distribution of revenue across Europe, the US, and Asia to hedge against local risks [43] - The US market performed strongly, with the US subsidiary achieving record on-demand printing revenue [8] - China's Systems business is robust and increasing, while the Services segment in China faces challenges due to post-COVID economic issues [50][62] Strategic Direction and Industry Competition - The company differentiates itself through build size, material diversity, and speed, offering a complete set of industrial 3D printers [5] - The company is focusing on indirect metal printing, combining 3D printing with conventional manufacturing for high economies of scale and no size limitations [6] - Partnerships with major players like BMW and GE Renewable Energy are driving the company's position in high-volume production [12][32][40] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the future, citing record revenue and order backlog for Q2 2023 [11][41] - The company expects Q3 2023 revenue to be in the range of EUR4.75 million to EUR7 million, with full-year guidance unchanged [3] - The company is well-positioned for profitable growth, with strong capacity utilization and order inflow [46][68] Other Important Information - Selling expenses increased to EUR2.1 million in Q2 2023, primarily due to personnel and distribution costs [19] - R&D expenses decreased to EUR1.5 million in Q2 2023 from EUR1.7 million in Q2 2022, driven by lower personnel and external service costs [20] - Administrative expenses increased to EUR1.6 million in Q2 2023 from EUR1.5 million in Q2 2022, with significant spending on auditing and legal fees [35] Q&A Session Summary Question: Can you provide more details on the decline in Services segment revenue and the challenges faced? - The German service center is operating at capacity limits, while the Chinese service center is recovering from post-COVID issues but faces economic challenges [50] - The Systems business in China is robust and increasing, with a positive outlook for the year [62] Question: What is the mix of the order backlog, and are lead times steady? - The order backlog is trending towards larger printers, and lead times are back to normal, ranging between three to nine months [64] Question: How is the company managing its financial debt? - The company has only EUR3 million in financial debt, maturing in early 2028, which is favorable compared to unencumbered current assets of around EUR31 million [57]
voxeljet(VJET) - 2023 Q2 - Quarterly Report
2023-08-17 20:05
Financial Performance - Financial result for Q2 2023 shows a net loss of €3,637,000 compared to a net loss of €1,799,000 in Q2 2022, indicating an increase in losses by 102.5%[108] - Total revenues for the first half of 2023 reached €12,852,000, a 13.4% increase from €11,331,000 in the same period of 2022[109] - The company reported a financial result of €(1,098,000) for the first half of 2023, compared to €444,000 in the same period of 2022, indicating a significant decline[108] - Operating loss for H1 2023 was €5,778,000, compared to €3,075,000 in H1 2022, representing an increase in operating losses by 88.5%[108] Revenue Breakdown - Revenue from the EMEA region for H1 2023 was €6,066,000, a slight decrease from €6,271,000 in H1 2022[109] - The Americas region generated €4,657,000 in revenue for H1 2023, up from €3,230,000 in H1 2022, marking a growth of 44.1%[109] Inventory and Assets - As of June 30, 2023, total inventories increased to €12,978 thousand from €11,136 thousand as of December 31, 2022, representing a growth of 16.5%[91] - The net property, plant, and equipment decreased to €16,992 thousand as of June 30, 2023, down from €17,799 thousand as of December 31, 2022, a decline of 4.5%[92] Liabilities and Financial Instruments - Total liabilities as of June 30, 2023, were €24,610 thousand, compared to €22,587 thousand as of December 31, 2022, indicating an increase of 9.0%[96] - The balance of derivative financial instruments increased to €854 thousand as of June 30, 2023, from zero at December 31, 2022, reflecting an addition of €535 thousand[102] - The total amount of other liabilities and provisions as of June 30, 2023, was €2,632 thousand, slightly down from €2,653 thousand as of December 31, 2022[93] Financial Support and Commitments - The Anzu Note issued in January 2023 has a principal amount of USD 3.2 million (€3.0 million) and matures on January 3, 2028, with a 3% annual interest rate[98] - The fair value of the conditional put option related to the Anzu Note was assessed at a likelihood of occurrence of a fundamental change event at 25%[100] - The company recognized a finance expense of €333 thousand for the six months ended June 30, 2023, related to changes in the fair value of financial liabilities[102] - Voxeljet AG issued a letter of support to voxeljet India on July 12, 2023, to provide financial support for at least 12 months, indicating ongoing financial commitments[114] - The company was in compliance with all covenants as of June 30, 2023[105] Profitability Metrics - Gross profit margin for the Systems segment improved to 27.5% in H1 2023 from 22.2% in H1 2022, while the Services segment decreased to 31.7% from 40.7%[108] - Finance expenses decreased to €1,169,000 in H1 2023 from €1,995,000 in H1 2022, reflecting a reduction of 41.5%[108] - The company recognized a gain of €29,000 from the wind-up of DSCS Digital Supply Chain Solutions GmbH, which was finalized on July 10, 2023[121]
voxeljet(VJET) - 2022 Q4 - Annual Report
2023-03-30 20:14
Financial Position and Funding - As of December 31, 2022, the company had an accumulated deficit of €97.24 million and cash and cash equivalents totaling €14.2 million[42]. - The company expects to incur losses and negative cash flows from operations for at least the next 12 months following the issuance of the financial statements[42]. - The company anticipates requiring further funding in the second half of 2023 to maintain operations[51]. - The company received proceeds of €26.5 million from a sale and leaseback transaction finalized on October 31, 2022, improving liquidity and financial flexibility[46]. - In 2021, the company completed three registered direct offerings, raising approximately USD 32 million (€26.6 million) before fees and expenses[44]. - On October 13, 2022, the company completed a registered direct offering raising approximately USD 4.4 million (€4.6 million) before fees and expenses[45]. - A private placement in December 2022 provided voxeljet with gross proceeds of $1.8 million (€1.7 million) from the sale of 828,943 ADSs at $2.16 per ADS[166]. - The Anzu Note issued in January 2023 has a principal amount of $3.2 million (€3.0 million) and matures on January 3, 2028, with a 3% annual interest rate[167]. Market and Operational Risks - The ongoing conflict between Russia and Ukraine poses risks that could impact market demand and supply chains[52]. - Future growth may be affected by global economic conditions, including geopolitical uncertainties and trade restrictions[80]. - The company faces challenges in attracting and retaining key management and skilled employees, which is critical for growth strategy[65]. - Competition in the 3D printing market is intense, with competitors having greater financial and operational resources[68]. - The company relies heavily on sales agents for product sales, and loss of these agents could adversely impact revenues[67]. - Price competition and decreased demand may adversely affect profitability, especially if the company cannot offset price reductions with improved efficiencies[93]. - Disruptions in manufacturing facilities or service centers could result in loss of revenues and increased costs, impacting overall financial performance[102]. - The long sales cycle for 3D printers complicates revenue prediction, potentially leading to significant variability in operating results[92]. - The company relies heavily on sales from the automotive, foundry, aerospace, and art industries, making it vulnerable to downturns in these sectors[109]. Compliance and Regulatory Environment - The company has identified material weaknesses in internal control over financial reporting, which could affect the accuracy of financial statements[54]. - Regulatory changes in privacy and data protection could increase compliance costs and limit business opportunities[105]. - The company is facing increased compliance costs due to new privacy and data protection laws in the U.S. and Europe, which could adversely affect profitability[106]. - Compliance with the GDPR has introduced additional requirements, including a 72-hour data breach reporting mandate, which may lead to significant fines for non-compliance[107]. - The company faces potential liabilities due to non-compliance with environmental laws, which could result in penalties and operational restrictions[84]. - The company may also be strictly liable for environmental damages under the Act on Liability for Environmental Damage, applicable in cases of harm to natural habitats or water[228]. - The company's operations are subject to numerous international laws and regulations, including data privacy, labor relations, and environmental regulations, which could result in fines or sanctions for violations[229]. - The company faces risks related to violations of anti-bribery laws in various jurisdictions, despite having policies in place to ensure compliance[230]. Intellectual Property and Competitive Position - The company relies on a combination of patents, trademarks, and trade secrets to protect its intellectual property, but faces risks of competitors infringing on these rights[143]. - The company may not be able to adequately protect its trade secrets and intellectual property, especially in fast-growing markets like China and India[145]. - The company faces risks related to patent expirations, which could affect its competitive position in the additive manufacturing market[148]. - voxeljet may incur significant costs related to defending against third-party intellectual property claims, which could disrupt operations and financial performance[150]. - The company has exclusive and non-exclusive license rights to certain patents, but the expiration of these patents may allow competitors to enter the market[148]. Operational Performance and Development - The company has expanded operations significantly in Germany, the U.S., and China, with plans for further expansion in Asia and North America[63]. - Sales outside of Germany represented 80%, 83%, and 78% of total sales in 2022, 2021, and 2020, respectively[72]. - The company has an installed base of 224 3D printers worldwide as of December 31, 2022, with service centers in Germany, the United States, and China[174]. - The company is developing new material sets, including PMMA-based plastics and silicon carbide, to meet customer needs[171]. - Research and development expenses for the year ended December 31, 2022, were €6.9 million, compared to €6.1 million in 2021 and €6.5 million in 2020, indicating a year-over-year increase of approximately 13% from 2021 to 2022[195]. - The company expects to continue significant investments in research and development in the future, focusing on proprietary systems, processes, and materials[196]. - The company has received various grants and subsidies from authorities, including the German Federal Ministry of Economics and Technology, aimed at supporting small and medium enterprises[195]. Shareholder and Market Considerations - The company issued 1,279,070 new ordinary shares in October 2022 and 828,943 new ordinary shares in December 2022, which may affect the market price of its ADSs[114]. - The Management Board is authorized to increase registered share capital by up to €3,513,355 until June 1, 2027, which could dilute existing shareholders' interests[119]. - Significant shareholders, including members of the Management Board, own 9.2% of ordinary shares, allowing them to exert considerable influence over corporate decisions[123]. - The company has no current intention to pay dividends on ordinary shares, meaning returns for investors will rely solely on potential price appreciation of ADSs[126]. - As a foreign private issuer, the company is exempt from certain U.S. disclosure requirements, potentially limiting the information available to ADS holders[127]. - U.S. investors may face difficulties enforcing civil liabilities against the company or its board members due to their non-resident status and asset location outside the U.S.[135]. Environmental and Safety Regulations - The company is subject to environmental regulations in Germany, including emissions control laws that limit the processing of resins to 25 kilograms per hour for certain facilities[215]. - The company has a risk prevention officer to ensure compliance with regulations related to the handling of hazardous materials and waste[219]. - The company’s products are subject to the German Product Safety Act, ensuring that only safe products are made available on the market[220]. - The company regularly applies for research and development grants and subsidies, with the majority being non-refundable[195]. - The company must adhere to occupational health and safety laws, influenced by EU regulations, ensuring employee safety in the workplace[224]. - All companies in Germany, including the company, are required to be members of the employers' liability insurance association, which monitors compliance with occupational health and safety requirements[225]. - The company may face product liability and environmental damage liabilities under the German Civil Code, which includes fault-based compensation for breaches of contract[226].
voxeljet(VJET) - 2023 Q1 - Quarterly Report
2023-03-30 20:10
Revenue Performance - Revenues for the fourth quarter of 2022 decreased by 1.1% to kEUR 10,766 compared to kEUR 10,885 in the fourth quarter of 2021[3] - Systems segment revenues decreased by 4.4% to kEUR 8,096 in Q4 2022 from kEUR 8,470 in Q4 2021, representing 75.2% of total revenues[4] - Services segment revenues increased by 10.6% to kEUR 2,670 in Q4 2022 from kEUR 2,415 in Q4 2021, driven by higher contributions from voxeljet America[5] - Revenues for the full year 2022 increased by 12.1% to kEUR 27,832 compared to kEUR 24,826 in 2021[19] - Systems revenues for the full year 2022 were kEUR 15,828, slightly up from kEUR 15,728 in 2021, despite a less favorable product mix[20] - Services revenues for the full year 2022 increased to kEUR 12,004 from kEUR 9,098 in the prior year, driven by strong demand across regions[21] - Revenue for the first quarter of 2023 is expected to be between kEUR 5,750 and kEUR 6,000, with full year 2023 revenue guidance between kEUR 27,500 and kEUR 32,500[6] - Total revenues for the year ended December 31, 2022, increased to €27,832 thousand, up from €24,826 thousand in 2021, representing a growth of 12.1%[52] Profitability and Loss - Total gross profit margin for Q4 2022 decreased from 32.7% to 26.5%[6] - Net loss for Q4 2022 was kEUR 155 or EUR 0.01 per share, compared to a net profit of kEUR 1,047 or EUR 0.15 per share in Q4 2021[18] - Operating loss for the year ended December 31, 2022 was kEUR 5,382, an improvement from an operating loss of kEUR 8,844 in 2021, driven by a positive net impact of kEUR 5,504 from changes in operating expenses and income[31] - Net loss for the year ended December 31, 2022 was kEUR 11,409, or EUR 1.53 per share, compared to a net loss of kEUR 10,586, or EUR 1.68 per share in the prior year[35] - Gross profit margin for total revenues decreased to 29.4% in 2022 from 32.0% in 2021, indicating a decline in profitability[52] - The company reported a loss for the period of €11,409 thousand in 2022, compared to a loss of €10,586 thousand in 2021, indicating ongoing financial challenges[50] Expenses - Research and development expenses increased to kEUR 2,098 in Q4 2022 from kEUR 1,377 in Q4 2021, reflecting higher material and labor costs[12] - Selling expenses for the year increased to kEUR 7,975 in 2022 from kEUR 6,420 in 2021, while research and development expenses rose to kEUR 6,865 from kEUR 6,140[48] - The cost of sales for total revenues increased to €19,646 thousand in 2022 from €16,876 thousand in 2021, reflecting higher operational costs[52] - The company incurred interest paid of €3,121 thousand in 2022, a significant increase from €263 thousand in 2021, indicating higher financing costs[50] Cash Flow and Financial Position - Cash and cash equivalents as of December 31, 2022 were kEUR 12,119, an increase from kEUR 7,027 in 2021[47] - Cash flow from operating activities resulted in a loss of €9,184 thousand for the year ended December 31, 2022, compared to a loss of €6,537 thousand in 2021[50] - Cash flow from investing activities showed a significant increase to €37,905 thousand in 2022, compared to a cash outflow of €11,442 thousand in 2021[50] - The company reported a net increase in cash and cash equivalents of €5,018 thousand for the year, up from €1,540 thousand in the previous year[50] - The financial result for the year ended December 31, 2022 was negative kEUR 6,129, compared to negative kEUR 1,677 in 2021, primarily due to write-downs related to financial assets[32] Future Guidance and Backlog - Revenue guidance for the first quarter of 2023 is projected to be in the range of kEUR 5,750 to kEUR 6,000[36] - Financial guidance for the full year ended December 31, 2023 includes expected revenue between kEUR 27,500 and kEUR 32,500, with a gross margin above 31.5%[40] - Total backlog of 3D printer orders at December 31, 2022 was kEUR 9,975, representing eleven 3D printers, compared to kEUR 3,880 for seven printers at the end of 2021[37] - Capital expenditures for 2023 are projected to be in the range of kEUR 3,750 to kEUR 4,250, focusing on ongoing investments in global subsidiaries[40]
voxeljet(VJET) - 2022 Q2 - Quarterly Report
2022-08-17 16:00
Exhibit 99.1 voxeljet AG Reports Financial Results for the Second Quarter Ended June 30, 2022 Friedberg, Germany, August 18, 2022 — voxeljet AG (NASDAQ: VJET) (the 'Company', 'voxeljet', or 'we'), a provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced consolidated financial results for the second quarter ended June 30, 2022. Highlights - Second Quarter 2022 compared to the Second Quarter 2021 Dr. Ingo Ederer, Chief Executive Of ...
voxeljet(VJET) - 2021 Q4 - Annual Report
2022-03-31 20:18
Table of Contents As filed with the Securities and Exchange Commission on March 31, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ ...
voxeljet(VJET) - 2022 Q1 - Quarterly Report
2022-03-30 16:00
Exhibit 99.1 voxeljet AG Reports Financial Results for the Fourth Quarter and Full Year Ended December 31, 2021 Friedberg, Germany, March 31, 2022 — voxeljet AG (NASDAQ: VJET) (the "Company", or "voxeljet"), a provider of high- speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced consolidated financial results for the fourth quarter and full year ended December 31, 2021. Highlights Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented ...