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ExOne's guidance misses estimates; 3D Systems, Stratasys tick lower

  • In addition to reporting Q4 revenue that missed the revised guidance range the company set in January, ExOne (XONE) is guiding for 2014 revenue of $55M-$60M, below a $61.6M consensus.
  • Gross margin is expected to rise to 43%-46% from a 2013 level of 39.4%. SG&A spend is expected to grow to $19M-$21M from $16.1M, R&D spend to $6M-$7M from $5.1M, and capex to $31M-$34M from $19.3M.
  • Q4 gross margin was 30.9%, down from an adjusted year-ago level of $40.6%. R&D spend rose 128% Y/Y to $1.7M, and SG&A 43% to $4.9M.
  • 12 printers were sold in Q4, up from 8 in Q3 and a year earlier. Only three high-end S-Max printers were sold (down from 5 in Q3) due to international sale delays (disclosed in January).
  • XONE -9.7% AH. 3D Systems (DDD) -1%, Stratasys (SSYS) -1.5%.
  • Q4 results, PR
Comments (4)
  • Andreas Hopf
    , contributor
    Comments (7899) | Send Message
     
    Bubble trouble. That comes as no surprise.
    19 Mar, 07:15 PM Reply Like
  • Ol Blue Eyes
    , contributor
    Comments (786) | Send Message
     
    Good thing it had already had such a healthy correction from it $78 high or there would have been blood on the tracks.
    19 Mar, 10:16 PM Reply Like
  • ECapo
    , contributor
    Comments (436) | Send Message
     
    No real new here. They are still struggling with selling and giving credit to buyers. Their product is not like a simple 3 D printer of DDD.
    20 Mar, 09:31 AM Reply Like
  • jppoczatek
    , contributor
    Comments (77) | Send Message
     
    How this is even at 40 is beyond me?? They only have 50+mill in revenue, this should be a10 stock at best. Especially with their forecast of only 50-60 mill for 2014.
    20 Mar, 01:17 PM Reply Like
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