ExOne (XONE) - NASDAQ
  • Tue, May 10, 4:19 PM
    • ExOne (NASDAQ:XONE): Q1 EPS of -$0.35 misses by $0.02.
    • Revenue of $8.4M (+23.7% Y/Y) misses by $0.66M.
    • Press Release
    | Tue, May 10, 4:19 PM | 10 Comments
  • Mon, May 9, 5:35 PM
  • Tue, Mar. 22, 6:04 PM
    • ExOne (NASDAQ:XONE) is up 7.1% after hours to $13.85 after beating Q4 estimates and reporting 12 printer sales (up from 5 in seasonally weaker Q3 and 11 a year ago).
    • Unlike in prior quarters, ExOne hasn't provided formal guidance in its earnings report. CEO Kent Rockwell: "Our strong backlog coupled with our active pipeline of business opportunities give us confidence in our expectations ... We approach the year with cautious optimism, knowing that macroeconomic uncertainties, including the depressed energy sector and foreign currency devaluations, will influence the timing of capital equipment purchases and other spending decisions."
    • He adds ExOne plans to "implement operational improvements to increase our facility utilization and enhance working capital management." As it is, GAAP operating expenses fell 36% Y/Y in Q4 to $7.2M - SG&A spend fell 43% to $5.1M, and R&D spend 5% to $2.1M.
    • Q4 details: 3D printing machine revenue fell by $0.6M Y/Y to $9.6M. Sales of 3D printed and other products, materials, and services rose by $1M to $6.6M. Cost cuts/improved efficiency helped gross margin rise to 37.5% from 13.2% in Q3 and 24.5% a year ago.

      ExOne ended 2015 with a $16.5M backlog and a $19.3M cash balance. The company has since raised $13M via stock offerings.
    • ExOne's Q4 results, earnings release
    • Earlier today: ExOne up sharply ahead of Q4 report.
    | Tue, Mar. 22, 6:04 PM
  • Tue, Mar. 22, 5:32 PM
    • ExOne (NASDAQ:XONE): Q4 EPS of -$0.08 beats by $0.07.
    • Revenue of $16.2M (+2.8% Y/Y) beats by $1.49M.
    • Shares +2.85% AH.
    • Press Release
    | Tue, Mar. 22, 5:32 PM | 4 Comments
  • Mon, Mar. 21, 5:35 PM
    | Mon, Mar. 21, 5:35 PM | 1 Comment
  • Mon, Mar. 14, 5:36 PM
    • Citing the need for additional time to finish its 2015 books, ExOne (NASDAQ:XONE) is delaying the release of its Q4 report by a week to the afternoon of March 22.
    • The 3D printer maker is also reiterating 2015 guidance for revenue of $40M (consensus is at $39M), gross margin of 17%-21%, and a year-end cash balance of $18M-$22M. ExOne also reiterates it shipped 11 printers in Q4, and thus 38 in 2015.
    • Shares haven't yet moved after hours since the announcement. They rose 9.9% in regular trading thanks to 3D Systems' Q4 beat.
    | Mon, Mar. 14, 5:36 PM | 2 Comments
  • Mon, Mar. 14, 5:35 PM
    | Mon, Mar. 14, 5:35 PM | 4 Comments
  • Mon, Mar. 14, 9:22 AM
    • 3D Systems (NYSE:DDD) is up 15.3% premarket to $13.32 after (belatedly) posting a large Q4 beat. The numbers come 11 days after rival Stratasys delivered a Q4 beat and issued strong guidance, and are stoking hopes the 3D printing industry, hit hard last year as clients worked through excess capacity, is finally bottoming.
    • 3D didn't provide any formal guidance in its earnings release. Interim CEO Andrew Johnson: "While market conditions remain challenging and uncertain, timing of healthcare and industrial customer orders as well as contributions from acquisitions supported revenue during the quarter ... We are continuing an extensive and comprehensive review of our business and strategy and taking steps to better prioritize our resources and focus our investments."
    • Q4 details: Product revenue fell 10% Y/Y to $116M. Services revenue rose 16% to $67.4M. Gross margin was 47.7%, +80 bps Q/Q and -20 bps Y/Y. GAAP operating expenses rose a modest 4% Y/Y to $88.9M - $66.5M was spent on SG&A, and $22.4M on R&D.

      A $537.2M impairment charge was recorded. 3D ended 2015 with $155.6M in cash and almost no debt.
    • Stratasys (NASDAQ:SSYS) is up 6.5% premarket. ExOne (NASDAQ:XONE) is up 1.1%. Voxeljet (NYSE:VJET) is up 3.9%.
    • 3D Systems' Q4 results, earnings release
    | Mon, Mar. 14, 9:22 AM | 12 Comments
  • Thu, Mar. 3, 10:05 AM
    • Stratasys' (SSYS +9.3%) Q4 beat has been accompanied by guidance for 2016 revenue $700M-$730M and EPS of $0.17-$0.43, largely above consensus estimates of $700.6M and $0.18. At the midpoint, the sales guidance implies 2% Y/Y growth.
    • With industry demand weak, product revenue fell 26% Y/Y in Q4 to $124.3M. Services revenue rose 1% to $49.1M. Non-GAAP gross margin fell to 48.1% from 56% a year ago; 2016 GM guidance is at 54%-55%.
    • Boosting EPS: Operating expenses fell 4% to $92.3M. Stratasys ended 2015 with $258M in cash and no debt. The company expects to spend $60M-$70M in 2016 on capex.
    • Stratasys: "Our goal is to maintain our leadership position in prototyping, while developing a solutions-based business model that targets key vertical markets and emerging applications for end-use parts ... Given the current environment, we recognize the importance of optimizing our cost structure and improving our financial performance, and have made those goals a priority for 2016."
    • 3D printing peers 3D Systems (DDD +5.4%), Voxeljet (VJET +5.3%), ExOne (XONE +4.9%), and Materialise (MTLS +5.1%) are also higher.
    • Stratasys' Q4 results, earnings release
    | Thu, Mar. 3, 10:05 AM | 5 Comments
  • Thu, Feb. 4, 2:23 PM
    • German 3D printer maker Voxeljet (VJET +8.9%) is up 10% since guiding on Tuesday afternoon for 2016 revenue of €28M-€30M ($31.4M-$33.6M), slightly below a €30.4M consensus but above 2015 guidance of €23M-€24M and perhaps better than feared in light of recent industry woes.
    • Beaten-up peers have also been doing well, perhaps with the help of profit-taking from shorts. 3D Systems (DDD +8%) is up 23% over the last two days, Stratasys (SSYS +4.3%) is up 10%, and ExOne (XONE +12.1%) is up 20%.
    • Voxeljet is now aiming for a 25%-30% Y/Y long-term revenue growth rate. Gross margin is expected to rise to 40%-42% in 2016 - GM for the first 9 months of 2015 was only 33.3% - and full-year EBITDA is expected to be "neutral-to-positive." 3D and Stratasys are expected to post Q4 results in the coming weeks.
    | Thu, Feb. 4, 2:23 PM | 9 Comments
  • Nov. 9, 2015, 5:02 PM
    • Following its major Q3 miss, ExOne (NASDAQ:XONE) expects full-year revenue of $40M, down from $43.9M a year and well below prior guidance of $58M-$60M. Consensus had already fallen to $55.1M. Gross margin guidance has been cut to 17%-21% from 30%-34%.
    • The 3D printer maker blames its top-line pressures on lengthy sales cycles for production machines (said to range from 30 days to 15 months), and says it's seeing "increasing difficulties in our ability to forecast the time cycle from order placement to customer acceptance." Chinese and Russian forex pressures are also blamed. 3D printing peers have also been having a rough time.
    • Printer sales: 5 printers were sold in Q3, down from 7 in Q2 and 8 a year ago. 1 high-end S-Max printer was sold, compared with none in Q2 and 1 a year ago. 3 Innovent machines (smaller, R&D-focused) were sold vs. 5 in Q2 and none a year ago.
    • Financials: Gross margin was 13.2% vs. 13% in Q2 and 25.8% a year ago. Lower sales, mix changes, and higher production costs are blamed for the Y/Y drop. R&D spend fell 19% Y/Y to a mere $1.8M; SG&A spend rose 9% to $5M. ExOne ended Q3 with $20.3M in cash (down $4.5M Q/Q), and $2M in debt.
    • Shares have plunged to $8.25 after hours.
    • Q3 results, PR
    | Nov. 9, 2015, 5:02 PM | 7 Comments
  • Nov. 9, 2015, 4:42 PM
    • ExOne (NASDAQ:XONE): Q3 EPS of -$0.70 misses by $0.59.
    • Revenue of $8.9M (-7.8% Y/Y) misses by $7.78M.
    • Shares -20.9%.
    | Nov. 9, 2015, 4:42 PM | 4 Comments
  • Nov. 8, 2015, 5:35 PM
  • Oct. 22, 2015, 4:58 PM
    • Stratasys (NASDAQ:SSYS) has warned again: The 3D printer maker now expects Q3 revenue of $166M-$168M and EPS of -$0.03 to $0.02, below a consensus of $184.6M and $0.08.
    • A new $140M-$180M charge is expected for the MakerBot consumer/enthusiast 3D printer unit, and Stratasys is "in the process of performing a goodwill impairment analysis for its other reporting units."
    • Stratasys blames weak capital spending by "customers in key verticals," and (echoing many third-party opinions) believes the 3D printing industry's huge 2013/2014 growth "may have created excess capacity in the market." Q3 results arrive on the morning of Nov. 4.
    • Shares have plunged to $23.80 after hours. Rival 3D Systems (NYSE:DDD) has fallen to $11.40.  ExOne (NASDAQ:XONE) is down 4.3% to $10.31; Voxeljet (NYSE:VJET) is down 3.1% to $5.95.
    | Oct. 22, 2015, 4:58 PM | 11 Comments
  • Aug. 10, 2015, 5:22 PM
    • After rising 4.8% in regular trading amid a broader 3D printing rally, ExOne (NASDAQ:XONE) has slumped to $8.50 in AH trading following a sizable Q2 miss. 3D printer sales fell 60% Y/Y to $2.4M, while other revenue (materials/services) rose 17% to $6.1M.
    • In spite of the miss, ExOne is maintaining full-year revenue guidance of $58M-$66M; the pre-earnings consensus is only at $58.1M. Last year, ExOne maintained its full-year sales guidance in August in the face of analyst skepticism before cutting it in November.
    • 2015 gross margin guidance has been cut to 30%-34% from 36%-40%. Q2 gross margin was 13%, improved from Q1's 0.0% (that's not a typo) but down from 22.3% a year ago. ExOne blames a mix shift away from printer sales, along with "higher fixed costs and inefficiencies."
    • 7 printers were sold in Q2, up from 6 a year ago. However, no high-end S-Max machines were among them. 5 Innovent machines (smaller, focused on R&D projects) were sold.
    • GAAP operating expenses rose 12% Y/Y to $8M - SG&A spend totaled $6.3M, and R&D $1.7M. ExOne ended Q2 with $24.8M in cash (down from $36.2M at the end of 2014), and $2M in debt.
    • Q2 results, PR
    | Aug. 10, 2015, 5:22 PM | 3 Comments
Company Description
The ExOne Co. manufactures and sells 3D printing machines and printing products. It also offers other associated products, including consumables and replacement parts & services. The company offers pre-production collaboration and print products through production service centers, which are... More
Industry: Diversified Machinery
Country: United States