voxeljet AG (VJET) Reports Q4 EPS of EUR0.15

voxeljet AG (NASDAQ: VJET) reported Q4 EPS of EUR0.15, versus (EUR0.77) reported last year. Revenue for the quarter came in at EUR10.9 million, versus EUR8.86 million reported last year.

Business Outlook:

Our revenue guidance for the first quarter of 2022 is projected to be in the range of kEUR 4,000 to kEUR 4,500. We expect to release our financial results for the first quarter of 2022 after the closing of the financial markets on or about Thursday, May 19, 2022 and we will host a conference call and webcast to review the results for the quarter on or about Friday, May 20, 2022 at 8:30 a.m. Eastern Time.

Financial guidance for the full year ended December 31, 2022:

- Revenue is expected to be in the range of kEUR 25,000 and kEUR 30,000
- Gross margin is expected to be above 32.5%
- Operating expenses for the full year are expected as follows: SG&A expenses expected to be in the range of kEUR 13,250 to kEUR 13,750; R&D expenses expected to be between approximately kEUR 7,250 and kEUR 7,500. Depreciation and amortization expense is expected to be between kEUR 3,000 and kEUR 3,250.
- Adjusted EBITDA for the fourth quarter of 2022 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 (income) expense resulting from foreign exchange gains or losses on the intercompany loans granted to the subsidiaries, which are not determinable at this time.
- Capital expenditures are projected to be in the range of kEUR 4,500 to kEUR 4,750, which primarily includes ongoing investments in our global subsidiaries.

Our total backlog of 3D printer orders at December 31, 2021 was kEUR 3,880, which represents seven 3D printers. This compares to a backlog of kEUR 6,844 at December 31, 2020, representing nine 3D printers. As production and delivery of our printers is generally characterized by lead times ranging from 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 December 31, 2021, we had cash and cash equivalents of kEUR 7,027 and held kEUR 10,699 of investments in three bond funds as well as kEUR 2,655 in one term deposit and kEUR 2,342 of restricted cash.

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

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