Voxeljet -10.8% AH after posting Q4 numbers, filing to sell shares


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.

From other sites
Comments (14)
  • Andreas Hopf
    , contributor
    Comments (19480) | Send Message
     
    2D printing additional shares is what 3D printing businesses seem all about.
    27 Mar 2014, 06:50 PM Reply Like
  • temenem
    , contributor
    Comments (539) | Send Message
     
    Oh, come on, and what would you do if you ran a growing 3D printing company? Are we now to decry the company for making the right choices?
    27 Mar 2014, 07:12 PM Reply Like
  • Andreas Hopf
    , contributor
    Comments (19480) | Send Message
     
    Well, I would not want to own one. It is already a cut-throat market, with various service bureaux fighting for clients and volume, suffering from unfavourable materials purchase contracts, machine downtime, etc.
    27 Mar 2014, 07:22 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4207) | Send Message
     
    Hmmm, they beat the numbers on revenue and expended their margins. Reality does exist Andreas, not only preconceived thoughts.
    28 Mar 2014, 07:17 AM Reply Like
  • temenem
    , contributor
    Comments (539) | Send Message
     
    Exactly. That's what counts. I wouldn't want to see them sitting on cash just to make some analyst's EPS guesstimate. That analyst didn't do his homework. Spending on R&D and SG&A is exactly what they should be doing.
    28 Mar 2014, 10:13 AM Reply Like
  • temenem
    , contributor
    Comments (539) | Send Message
     
    Strong revenue beat. Good guidance. Organic printers growth. Increasing gross margin. As for the EPS, way too early to be cashing in profits, investing in R&D and SG&A is the right thing to do. And raising further capital. Textbook execution for agressive growth. What were the analysts expecting - to settle down for minute profits now and miss the boat? VJET did well. :-)
    27 Mar 2014, 07:26 PM Reply Like
  • Market DJ
    , contributor
    Comments (1103) | Send Message
     
    I told you not to hold through earnings. $VJET could be sub $20, sub $15 in April.

     

    Guidance and growth have nothing to do with the numbers. The Market Cap, Revenue, and Stock Price of $VJET do not entice investors right now. This company originally IPO'd at $13….
    27 Mar 2014, 08:19 PM Reply Like
  • temenem
    , contributor
    Comments (539) | Send Message
     
    So why did it rocket to $70? :-)

     

    Nah, I'm confident that the short-term price of VJET is in the $30's, and long-term back towards the $70's.
    28 Mar 2014, 05:57 AM Reply Like
  • TruffelPig
    , contributor
    Comments (4207) | Send Message
     
    Doesn't have to go to $70 - I take $30 short term and $60 long-term ;P
    28 Mar 2014, 07:18 AM Reply Like
  • temenem
    , contributor
    Comments (539) | Send Message
     
    Will get there. The ER was a beat in practice.
    28 Mar 2014, 10:15 AM Reply Like
  • Market DJ
    , contributor
    Comments (1103) | Send Message
     
    Crazy talk. The enthusiasm associated with "3-D" printing stocks is so 2013. It's over, kinda like the dot.com bubble. Why don't we just call it the Three-"D"imensional Bubble...? Somebody will label it, and eventually we will attach a specific time table to this particular crash in the market.

     

    I'm originally from Nevada, and this sort of thing reminds me of the "Junior Miner" Stocks. It is very easy to place the wrong bet, or too many bets, and you end up losing all your money.

     

    And what if it does get to $30….short term? Is that less than a year? Three to Six months? Your money could be doing so many better things, so why not just book a loss to begin the year and help your tax bill, rather than waiting for this bubble to fill up again.
    28 Mar 2014, 08:00 AM Reply Like
  • temenem
    , contributor
    Comments (539) | Send Message
     
    Short-term $30's within April, long-term $70's by or before the end of 2014.
    28 Mar 2014, 10:37 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (19480) | Send Message
     
    I was in Germany's largest electronics parts store today. On display were four no-name additive fabrication devices for $1000 and less. They have been sitting on that shelf since before Christmas. There is no demand from consumers.
    28 Mar 2014, 09:15 AM Reply Like
  • temenem
    , contributor
    Comments (539) | Send Message
     
    Consumers maybe, but we're talking commercial and industrial users. That's why I'm long VJET (industrial) and DDD (everything), and not SSYS (consumers). Was long XONE too, but they missed their Revenue. Touché, that shouldn't happen. But VJET beat the revenue. Quite impressive growth actually. XONE will catch up too, had deferred sales.
    28 Mar 2014, 10:18 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs