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.