Piper Jaffray Remains Sidelined on Voxeljet (VJET) Following Q1 Results

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voxeljet AG Reports Financial Results for the First Quarter Ended March 31, 2015

May 12, 2015 5:01 PM EDT

FRIEDBERG, 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 first quarter ended March 31, 2015.

Highlights First Quarter 2015

Total revenues increased 104.1% to kEUR 5,589 from kEUR 2,739 Gross margin was 33.6% compared to 39.4% Systems revenues increased 114.7% to kEUR 2,817 from kEUR 1,312 Services revenues increased 94.3% to kEUR 2,772 from kEUR 1,427 Reaffirm full year 2015 revenue... More