Stellar Numbers From VOXELJET AG (NYSE:VJET)
A leading provider of high-speed, large-format 3D printers, Voxeljet AG (NYSE:VJET) yesterday announced its 3Q13 and year to date unaudited financial results for the period ended September 30, 2013. The company reported 77% increase in its 3Q13 revenue at kEUR 3,517 compared to revenue of kEUR 1,987 in 3Q12. Gross profit for 3Q13 increased to kEUR 1,604 from kEUR 760 reported in 3Q12.
Revenues and gross profit for nine months period of FY13 increased 20.6% to kEUR 7,995 from kEUR 6,631 and 6.63% to kEUR 3,118 from kEUR 2,924, respectively, as compared with the same period of FY12. Gross margin for the reported three- and nine months period of FY13 were 45.6% and 39% as compared with gross margin of 38.2% and 44.1% in the same periods of FY12.
Voxeljet AG (NYSE:VJET) reported 3Q13 earnings per share of EUR 0.11 as compared to a loss of EUR 0.03 per share in 3Q12.
The staggering 77% revenue growth was primarily driven by an increase in the number of 3D printers sold during 3Q13. Voxeljet AG (NYSE:VJET)’s Systems segment sold three new 3D printers in 3Q13 as compared to two used 3D printers in 3Q12. The revenue from Systems segment grew to kEUR 1,836 in 3Q13 as compared with kEUR 491 in 3Q12. Mover over the revenues from Systems segment also presented over 52% of company’s total revenue in 3Q13 as compared to less than 25% in 3Q12.
Voxeljet AG (NYSE:VJET)’s revenue from the Services segment grew to kEUR 1,681 for 3Q13 as compared to kEUR 1,496 for 3Q12.
The Big Entrants
Hewlett-Packard Company (NYSE:HPQ)’s CEO, Meg Whitman recently announced company’s plan to enter the 3D printing market by mid of next year. The company may consider the potential buyout to enter this new market and Voxeljet AG (NYSE:VJET) could be one among those companies on HP’s takeover list.