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

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

voxeljet AG Reports Financial Results for the Second Quarter Ended June 30, 2016

August 11, 2016 5:29 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 second quarter ended June 30, 2016.

Highlights Second Quarter 2016

Total revenues increased 14.8% to kEUR 6,296 from kEUR 5,484 Gross margin was 36.6% compared to 33.5% in the prior year quarter Systems revenues increased 97.4% to kEUR 3,815 from kEUR 1,933 Services revenues decreased 30.1% to kEUR 2,481 from kEUR 3,551 First inclusion into our consolidated... More