voxeljet AG (VJET) Reports Q2 Loss of EUR0.41/sh

voxeljet AG (NASDAQ: VJET) reported Q2 EPS of (EUR0.41), versus EUR1.06 reported last year. Revenue for the quarter came in at EUR4.94 million, versus EUR3.92 million reported last year.

Business Outlook

Our revenue guidance for the third quarter of 2021 is expected to be in the range of kEUR 4,500 to kEUR 5,500.

We reaffirm our guidance for the full year ending December 31, 2021:

- Full year revenue is expected to be in the range of kEUR 22,500 to kEUR 27,500

- Gross margin is expected to be above 32.5%

- Operating expenses for the full year are expected as follows: selling and administrative expenses are expected to be in the range of kEUR 11,400 to kEUR 11,900 and R&D expenses are projected to be between approximately kEUR 6,000 and kEUR 6,250. Depreciation and amortization expense is expected to be between kEUR 3,000 and kEUR 3,250.

- Adjusted EBITDA for the fourth quarter of 2021 is expected to be neutral-to-positive. Adjusted EBITDA is defined as net income (loss), as calculated under IFRS accounting principles before interest (income) expense, provision (benefit) for income taxes, depreciation and amortization, and excluding other operating (income) expense resulting from foreign exchange gains or losses on the intercompany loans granted to the subsidiaries.

- Capital expenditures are projected to be in the range of kEUR 1,000 to kEUR 1,250, which primarily includes ongoing investments in our global subsidiaries.

Our total backlog of 3D printer orders at June 30, 2021 was kEUR 6,157, which represents eight 3D printers. This compares to a backlog of kEUR 6,844 representing nine 3D printers, at December 31, 2020. As production and delivery of our printers is generally characterized by lead times ranging between three to nine months, the conversion rate of order backlog into revenue is dependent on the equipping process for the respective 3D printer, as well as the timing of customers’ requested deliveries.

At June 30, 2021, we had cash and cash equivalents of kEUR 5,849 and restricted cash of kEUR 2,188 and held kEUR 10,434 of investments in bond funds and term deposits, which are included in current financial assets on our consolidated statements of financial position.

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

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