voxeljet(VJET)

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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
Exhibit 99.1 voxeljet AG Reports Financial Results for the Third Quarter Ended September 30, 2023 Friedberg, Germany, November 16, 2023 — 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 third quarter ended September 30, 2023. Highlights - Third Quarter 2023 compared to the Third Quarter 2022 Dr. Ingo Ederer, Chief Exec ...
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
Exhibit 99.1 voxeljet AG Reports Financial Results for the Second Quarter Ended June 30, 2023 Friedberg, Germany, August 17, 2023 — 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, 2023. Highlights - Second Quarter 2023 compared to the Second Quarter 2022 Dr. Ingo Ederer, Chief Executive Of ...
voxeljet(VJET) - 2022 Q4 - Annual Report
2023-03-30 20:14
Table of Contents As filed with the Securities and Exchange Commission on March 30, 2023 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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ ...
voxeljet(VJET) - 2023 Q1 - Quarterly Report
2023-03-30 20:10
Exhibit 99.1 voxeljet AG Reports Financial Results for the Fourth Quarter and Full Year Ended December 31, 2022 Friedberg, Germany, March 30, 2023 — 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, 2022. Highlights Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented ...
voxeljet(VJET) - 2022 Q3 - Quarterly Report
2022-11-16 16:00
Exhibit 99.1 voxeljet AG Reports Financial Results for the Third Quarter Ended September 30, 2022 Friedberg, Germany, November 17, 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 third quarter ended September 30, 2022. Highlights - Third Quarter 2022 compared to the Third Quarter 2021 Dr. Ingo Ederer, Chief Exec ...
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 ☐ ...