Form 6-K voxeljet AG For: Aug 11

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Go back to Form 6-K voxeljet AG For: Aug 11

Piper Jaffray Cuts PT on Voxeljet (VJET) to $5.70 Following Q2 Results

August 15, 2016 7:52 AM EDT

Piper Jaffray trims its price target on Overweight-rated Voxeljet AG (NYSE: VJET) from $7.30 to $5.70.

The firm commented: Voxeljet reported discouraging Q2 results with revenues, margins and EPS all falling below Street expectations, as well as lowered FY16 revenue expectations.... More

UPDATE: voxeljet AG (VJET) Reports Q2 Loss of EUR0.46/Share, Lowers FY Revenue Guidance

August 11, 2016 5:13 PM EDT

(Updated - August 11, 2016 5:26 PM EDT)

voxeljet AG (NYSE: VJET) reported Q2 EPS of (EUR0.46), versus (EUR0.54) reported last year. Revenue for the quarter came in at EUR6.3 million, versus EUR5.5 million reported last year.

Business Outlook

We decreased our full year 2016 guidance of revenues from between kEUR 28,000 and kEUR 30,000 to between kEUR 24,000 and kEUR 25,000 for the Group.

Our revenue guidance... More