Voxeljet affirms guidance, but margins come under pressure

Voxeljet (NYSE:VJET) still expects 2014 revenue to exceed €18M ($24.1M); consensus is at €18M.

3D printer order backlog stood at €4.3M at the end of Q2 (8 printers), up from €3.77M (6 printers) at the end of Q1. Most of the backlog is expected to ship by year's end.

Q2 systems revenue +46% Y/Y to €1.2M. Two printers were sold, even with Q1 and up from 1 a year ago. Services revenue +20% to €1.5M.

Gross margin was 31.5%, up from 28.7% a year ago but down from 39.4% in Q1 and 41.3% in Q4. Sales expenses totaled €845K, administrative expenses €952K, and R&D €831K.

VJET -7.2% AH. Q2 results, PR.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
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