voxeljet AG (VJET) Reports Q1 Loss of EUR0.22/Share

voxeljet AG (NYSE: VJET) reported Q1 EPS of (EUR0.22), versus (EUR0.05) reported last year. Revenue for the quarter came in at EUR2.74 billion, versus EUR2.39 billion reported last year.

The Company sold two new machines in the first quarter of 2014 compared to one new and one used machine in last year’s first quarter. Systems revenues also includes all revenues from consumables, spare parts and maintenance. Systems revenues represented 47.9% of total revenue in the first quarter of 2014 compared to 50.5% in last year’s first quarter.

The Company reaffirms its previous guidance for the year ending December 31, 2014 and continues to expect revenues to exceed kEUR 18,000, with revenue growth in excess of 50%.

The Company’s total backlog of 3D printer orders at March 31, 2014 was kEUR 3,770, which represents six 3D printers. This compares to backlog of kEUR 2,300, representing four 3D printers, at December 31, 2013. We estimate that most of the 3D printers in our backlog will ship prior to 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.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Diana Shipping withdraws bid to acquire Genco Shipping
• Movano (MOVE) Misses Q2 EPS by 195c