3D printing financial results season continues with preliminary reporting from voxeljet.
Industrial 3D printing service and large-scale hardware provider voxeljet (NYSE:VJET) has also issued financial guidance for 2018.
A preliminary assessment expects revenue for 2017 ranging from €26.0 million to €28.0 million. Voxeljet revenue guidance for 2018 is €28.0 million to €30.0 million.
According to Rudolf Franz, Chief Operating Officer and Chief Financial Officer of voxeljet, “With a strong balance sheet and a robust lineup of new and advanced products, we have the foundation in place to fuel voxeljet’s next phase of long-term growth.”
At formnext 2017 voxeljet unveiled its first 3D printer to include high speed sintering (HSS) technology. Installed in the VX200 introductory 3D printer, HSS technology debuted as a method for material developers, researchers and OEMs seeking innovation.
New innovations can also be expected from voxeljet throughout 2018, as Franz explains, “We focus on ongoing innovation as an integral part of our strategy of commanding full price and creating a healthy pull marketplace.”
The projected R&D expense for the full year 2018 is expected to be in the range of €5.0 million to €6.0 million.
Q1 2018 performance
So far, in the first quarter of 2018, voxlejet has signed a 3-year Volume Contract with Tooling and Equipment International (TEI), promising to deliver over 500,000 liters of 3D printed sand for metal casting purposes.
Revenue guidance for Q1 2018 is in the range of €4.5 million and 5.5 million euros. In Q1 2017, the company reported a revenue of €4.5 million euros.
Full year 2017
Voxeljet’s Revenue for FY 2017 is expected to be below the €26.0 million – €28.0 million guidance and within the range of €22.5 million and €23.5 million. According to the company this because “the relatively strong second half of 2017 could not fully compensate the weaker first half of 2017.”
The gross margin for 2018 is expected to be above 40%, and adjusted EBITDA (excluding the impact of foreign exchange valuations) is expected to be neutral-to-positive in 2018.
Actual values for FY 2017 will be reported after the closing of the financial markets on Thursday, March 29, 2018.
You can read more financial results of leading 3D printing enterprises here.
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Featured image shows the sign at voxeljet HQ. Photo via voxeljet