Voxeljet (VJET) had Q4 revenue of €3.7M ($5.1M), up 78% Y/Y. But EPS was -€0.85 (-$1.16) vs. €0.11 in Q3 and -€0.02 a year ago. The 3-analyst consensus was for revenue of €3.4M and EPS of €0.01.
Full-year revenue is expected to grow over 50% to €18M+ ($24.7M). That's in-line with a 4-analyst consensus.
The company sold three 3D printers, flat Q/Q and up from one a year ago. Systems revenue rose to €2.46M from €932K a year ago; services revenue rose to €1.24M from €1.15M.
Gross margin was 41.3%, +140 bps Y/Y but -430 bps Q/Q. Sales spend rose over 4x Y/Y to €1.3M, admin expenses over 6x to €1.05M, and R&D spend over 2x to €1.3M.
In tandem with its Q4 report, Voxeljet has filed to sell 4.25M shares on behalf of the company and existing holders. Its lockup expiration arrives on April 16.