Citi Downgrades Voxeljet AG (VJET) to Sell
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voxeljet AG Reports Financial Results for the Third Quarter Ended September 30, 2016
November 10, 2016 4:12 PM ESTFRIEDBERG, Germany--(BUSINESS WIRE)-- voxeljet AG (NYSE: VJET) (the Company, or voxeljet), a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced consolidated financial results for the third quarter ended September 30, 2016.
Highlights Third Quarter 2016
Total revenues increased 4.0% to kEURÂ 4,897 from kEUR 4,710 Gross profit margin was 41.1% compared to 32.7% Systems revenues increased 74.5% to kEUR 2,549 from kEUR 1,461 Services revenues decreased 27.7% to kEUR 2,348 from kEUR 3,249 Full impairment of Goodwill amounting to kEUR... More