voxeljet AG (VJET) Reports Q2 Loss of EUR0.38

voxeljet AG (NYSE: VJET) reported Q2 EPS of (EUR0.38), versus (EUR0.24) reported last year. Revenue for the quarter came in at EUR2.73 million, versus EUR2.09 million reported last year.

• Revenues increased 30.6% to kEUR 2,730 from kEUR 2,091
• Systems revenues increased 46.2% to kEUR 1,234 from kEUR 844
• Services revenues increased 20.0% to kEUR 1,496 from kEUR 1,247
• Gross profit margin of 31.5% compared to 28.7% in the prior year quarter
• Completed follow-on offering in April
• Reaffirm full year 2014 revenue guidance

Business Outlook

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 June 30, 2014 was kEUR 4,278, which represents eight 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.

At June 30, 2014 the Company had cash and equivalents of kEUR 21,780 and held kEUR 35,070 of investments in two 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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