- Voxeljet's (NASDAQ:VJET) Q1 revenue of €5.59M ($6.28M) beat a €4.33M consensus, while EPS of - €0.49 (-$0.55) missed a - €0.11 consensus. The German 3D printer maker is reiterating full-year revenue guidance of €23M- €24M (consensus is at €23.5M).
- Weighing on EPS: Gross margin fell to 33.6% from Q4's 43.9% and Q1 2014's 39.4%. Voxeljet blames the sale of two used printers (carry lower margins) and a beta system provided at a discount, along with higher headcount. Also weighing: Sales spend rose 104% Y/Y to €1.42M, R&D rose 84% to €1.62M, and admin spend 168% to €1.56M. €100K in forex expenses were also recorded.
- 4 printers were sold in Q1 vs. 7 in Q4 and 2 in Q1 2014. Systems revenue rose 114.7% Y/Y to €2.82M; services revenue rose 94.3% to €2.77M.
- VJET +1% AH to $8.33.
- Q1 results, PR