Voxeljet’s Q2 revenues show growth in parallel with increasing net losses in the field of 3D Printing Financials.

Share this story

Unveiling Financial Results: voxeljet’s Journey of Highs and Lows

voxeljet (Nasdaq: VJET), a renowned company in the 3D printing industry, has recently released its financial results for the second quarter ending on June 30, 2023. While the numbers may present a mix of successes and challenges, the underlying story and logic remain the same.

Beginning with the positive news, voxeljet reported a 2.2% increase in revenue, reaching €6.8 million compared to the previous year’s second quarter revenue of €6.7 million. This growth can be largely attributed to the company’s systems segment, which experienced an impressive 11.5% increase in revenue. This segment is responsible for the development, production, and sales of 3D printers. The increase in revenue was primarily driven by the sale of three new 3D printers in 2023, compared to two new and one refurbished printer in the previous year.

On the other hand, voxeljet’s services segment, which focuses on on-demand parts printing, experienced a decline of 8.7% in revenues. This decline was primarily due to lower revenue contributions from the German service center and voxeljet China. However, voxeljet America reported higher revenue contributions, thanks to an expanded regional customer base.

Delving into the financial details of the second quarter, voxeljet’s gross profit for 2023 stood at €1.8 million, with a profit margin of 27%. In comparison, last year’s second quarter had a gross profit of €2 million, with a margin of 31.3%. Selling expenses rose to €2.1 million, mainly due to higher trade fair and exhibition expenses. However, research and development expenses slightly reduced to €1.5 million, primarily due to reductions in personnel and external service costs.

During the second quarter, voxeljet made significant additions to its supervisory board, bringing in two industry veterans. Jacqueline Schneider, with her rich history in the 3D printing sector, joined in May. Jane Arnold, with extensive experience in Industry 4.0 applications, came on board in June. These additions are expected to bring valuable insights and guidance to the company.

Overall, voxeljet’s financial results for the second quarter depict a mixed landscape. While the systems segment shows promising growth, challenges in the services segment and increased operational expenses have contributed to an escalated net loss. However, the company remains focused on innovation and exciting projects, such as the development of a large 3D printer for next-generation wind turbines in collaboration with GE Renewable Energy. This strategic focus will ensure long-term financial health and continued growth for voxeljet.

Looking ahead to the rest of 2023, voxeljet projects revenue to fall between €27.5 million and €32.5 million, with a gross margin surpassing 31.5%. Operational expenses, including selling, general, and administrative expenses, are forecasted to range from €14 to €16 million, with research and development costs between €7.5 and €8.5 million. Additionally, the company anticipates depreciation and amortization expenses of at least €3 million and capital expenditures of up to €4.25 million.

In summary, voxeljet’s financial journey showcases a blend of successes and challenges. Through strategic focus, innovation, and the expertise of its board members, the company is well-positioned to navigate the highs and lows of the 3D printing industry and continue its growth trajectory.

If you’re eager to dive deeper into the financial intricacies of 3D printing, there’s a valuable resource you should check out. 3DPrint.com’s podcast, “Printing Money,” hosted by Alex Kingsbury and Danny Piper, is a must-listen for anyone interested in understanding the sector’s economic dynamics.

In their latest episode, Kingsbury and Piper delve into the nuances of the public markets’ Q2 reporting. They are joined by Troy Jensen, Senior Research Analyst from Lake Street Capital, who provides expert insight and analysis of the market. Together, they provide listeners with a full overview of the market and engage in a chat about the main money topics in the 3D industry.

This podcast episode is a treasure trove of information for those who want to stay up-to-date on all the latest news from the 3D printing industry. Whether you’re an investor looking to make informed decisions or simply someone interested in learning more about the economic dynamics of the sector, “Printing Money” has got you covered.

Aside from the valuable insights and expert analysis, the podcast also offers a platform for third party vendors to share information and offers with its listeners. This additional benefit makes it an even more valuable resource for those interested in the 3D printing industry.

So, why not give “Printing Money” a listen? It’s a fantastic way to stay informed, gain expert insights, and deepen your understanding of the fascinating world of 3D printing. Don’t miss out on this opportunity to expand your knowledge and make informed decisions in the ever-evolving financial landscape of the 3D industry.

Original source


Share this story

Leave a Reply

Your email address will not be published. Required fields are marked *