voxeljet AG (VJET) Misses Q1 EPS by 5c

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Go back to voxeljet AG (VJET) Misses Q1 EPS by 5c

voxeljet AG Reports Financial Results for the First Quarter Ended March 31, 2016

May 12, 2016 5:12 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, 2016.

Highlights First Quarter 2016

Total revenues decreased 12.9% to kEUR 4,870 from kEUR 5,589 Gross margin was 27.3% compared to 33.6% Systems revenues decreased 1.2% to kEUR 2,783 from kEUR 2,817 Services revenues decreased 24.7% to kEUR 2,087 from kEUR 2,772 Establishment of our Indian subsidiary, located in the city of Pune,... More