Two of the 3D printing industry’s leading binder jetting systems and services providers have reported earnings for the third quarter of FY 2017.
The Pennsylvania headquartered ExOne Company (NASDAQ:XONE) has reported a total revenue of $15.9 million up 22% on the same period in 2016.
Across the pond in Friedberg, Germany, voxeljet’s (NYSE: VJET) headline revenue has increased by 50.8% to €7.38 million.
ExOne net loss and machine sales success
At ExOne overall net loss was $4.9 million for Q3 2017, an increase on figures for the same period in 2016 when overall net loss was $3.6 million.
The $1.3 million difference is largely attributable to increased expenditure in both R&D and selling, general and administrative (SG&A) costs, $0.5 million of which “are not expected to recur in the fourth quarter.”
The total loss created by operations costs (R&D and SG&A combined) increased by $1.2 million on the same period in 2016 to a total of $4,836 K.
Net loss for the company equates to a 15% change in the diluted EPS between Q3 2017 and the same period in 2016. For Q3 2017 diluted EPS were $0.30, and in Q3 2016 these were $0.23.
ExOne’s best selling machine in this period is the Exerial Industrial Production 3D Printer, first launched in 2015. Q3 2017 saw ExOne close the sale of four Exerial systems for a total of $2.8 million. The company highlights this deal as a key contributor to Q3 2017 gross margin of 25.8 %.
The full release of the ExOne Company’s Q3 2017 financial report can be viewed online here.
voxeljet net loss and EMEA strength
The total net loss for voxeljet was reported at €960 K, a total significantly lower than the same period in 2016 which amounted to €3,533 K. This change was driven by the company’s employee stock option plan, launched following Q2 2017.
Loss generated by operating activities for the period totalled €6,065 K compared to €8,352 K in the same period in 2016. The most significant loss in Q3 2017 was generated by depreciation and amortization at €2,272 K.
In earnings per share, loss was valued at €0.05 for Q3 2017 compared to a net loss of €0.19 for the third quarter of 2016.
The EMEA region is still voxeljet’s biggest market, representing €5,660 K in revenues. The Asian Pacific region by comparison has grown steadily from €581 K to €653 K, and the Americas report an increase of €2,490 K.
The highest profit margin for this period was generated by voxeljet’s services sales which generated €3,234 K in revenue, grossing 50.5%.
A full report of voxeljet’s Q3 earnings for FY 2017 can be found online here.
In the most latest news from the company, voxeljet has unveiled its first High Speed Sintering (HSS) system (HSS) developed in collaboration with Xaar. The VX200 platform with inbuilt HSS will be on display at this week’s formnext expo in Frankfurt.
Featured image shows the voxeljet VX200 machine and ExOne’s M-Flex. Original photos via voxeljet AG and The ExOne Compnay respectively.