voxeljet AG (VJET) Reports Q2 Loss Per Share of EUR0.57, Maintains FY Guidance

voxeljet AG (NYSE: VJET) reported Q2 EPS of (EUR0.57), versus (EUR0.38) reported last year. Revenue for the quarter came in at EUR5.48 million, versus EUR2.73 million reported last year.

Business Outlook

We reaffirm our revenue guidance in a range of between kEUR 23,000 and kEUR 24,000 for the year ending December 31, 2015, representing approximately 50% growth over last year’s results.

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 June 30, 2015 was kEUR 2,598, which represents six 3D printers. This compares to backlog of kEUR 4,178, representing seven 3D printers, at December 31, 2014. 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 June 30, 2015, we had cash and cash equivalents of kEUR 3,757 and held kEUR 38,091 of investments in five 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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