voxeljet AG (VJET) Reports Q2 Loss of EUR1.06

voxeljet AG (NYSE: VJET) reported Q2 EPS of (EUR1.06), versus (EUR0.79) reported last year. Revenue for the quarter came in at EUR3.92 million, versus EUR5.05 million reported last year.

Highlights - Second Quarter 2020 compared to the Second Quarter 2019

• Total revenues for the second quarter decreased 22.5% to kEUR 3,916 from kEUR 5,050
• Gross profit margin decreased to 25.9% from 30.2%
• Systems revenues decreased 12.1% to kEUR 1,871 from kEUR 2,129
• Services revenues decreased 30.0% to kEUR 2,045 from kEUR 2,921
• Reaffirm full year 2020 guidance

Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented, “Earlier this year, we received one of our largest individual Services orders for 3D printed parts from a supplier to a leading US electric car maker. Then COVID-19 came and we really felt the impact since February until today. In June, we successfully improved our cash position by expanding our partnership with the European Investment Bank. When we look ahead, we are encouraged by a positive sales trend during the last weeks and we are optimistic that this trend continues during the second half of 2020 and beyond. We are making progress in our project with a leading German car maker for additive series production and received the order for an additional VJET X high-speed 3D printer last week.”

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

You May Also Be Interested In

• Genco rejects Diana Shipping takeover bid as undervalued
• Silexion Therapeutics (SLXN) Tops Q2 EPS by 793c
• HeartCore Enterprises, Inc. (HTCR) Misses Q2 EPS by 185c