voxeljet AG (vjet) Narrows Q4 Loss; Offers FY15 Outlook

voxeljet AG (NYSE: vjet) reported Q4 EPS of (EUR0.17), versus (EUR0.85) reported last year. Revenue for the quarter came in at EUR6.93 million, versus EUR3.69 million reported last year.

Business Outlook

With respect to the year ending December 31, 2015, we expect revenue to be in a range of between kEUR 23,000 and kEUR 24,000.

The primary drivers of the Company’s anticipated revenue growth for the year ending December 31, 2015 are expected to be: (1) increased global Systems sales; (2) continued Services revenue growth at its facility in Friedberg, Germany; (3) contribution from Voxeljet of America Inc., the Company’s Services facility in Canton, Michigan, which began operating in January 2015, and; (4) a full year’s contribution from Voxeljet UK, the Company’s Services facility outside London, England. Based on these factors, the Company expects Services revenue growth to outpace Systems revenue growth in 2015.

Our total backlog of 3D printer orders at December 31, 2014 was kEUR 4,178, which represents seven 3D printers. This compares to backlog of kEUR 2,300, representing four 3D printers, at December 31, 2013. As production and delivery of our printers is generally not characterized by long lead times, backlog is more dependent on the timing of customers’ requested deliveries.

At December 31, 2014, we had cash and equivalents of kEUR 8,031 and held kEUR 40,068 of investments in three bond funds which are included in current financial assets on our consolidated statement of financial position.

For earnings history and earnings-related data on voxeljet AG (vjet) click here.

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