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ExOne (XONE)

  • Mon, Nov. 9, 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
    | Mon, Nov. 9, 5:02 PM | 8 Comments
  • Mon, Nov. 9, 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%.
    • Press Release
    | Mon, Nov. 9, 4:42 PM | 4 Comments
  • Sun, Nov. 8, 5:35 PM
  • Thu, Oct. 22, 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.
    | Thu, Oct. 22, 4:58 PM | 11 Comments
  • Mon, Aug. 10, 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
    | Mon, Aug. 10, 5:22 PM | 3 Comments
  • Mon, Aug. 10, 4:15 PM
    • ExOne (NASDAQ:XONE): Q2 EPS of -$0.48 misses by $0.22.
    • Revenue of $8.5M (-24.1% Y/Y) misses by $2.62M.
    • Shares -2.6%.
    • Press Release
    | Mon, Aug. 10, 4:15 PM | 5 Comments
  • Sun, Aug. 9, 5:35 PM
  • Thu, Aug. 6, 10:49 AM
    • After opening moderately higher in the wake of its Q2 miss, 3D Systems (NYSE:DDD) has surged above $14. Equally-beaten-down peers Stratasys (SSYS +9.1%), ExOne (XONE +6.5%), and Voxeljet (VJET +6.5%) are also up strongly.
    • 3D is still down 57% YTD, and over 85% from its early-2014 highs. With 36.4M shares (34% of the float) shorted as of July 15, profit-taking by shorts could be fueling today's gains.
    • 3D's Q2 results, details
    | Thu, Aug. 6, 10:49 AM | 7 Comments
  • Thu, Jun. 11, 4:57 PM
    • ExOne (NASDAQ:XONE) is down 9.2% in postmarket trade after posting its delayed Q1 report where it missed on top and bottom lines amid negative effects from exchange rates.
    • The company had delayed its Q1 report, originally due May 11, which it attributed to problems with implementing an ERP system set to improve financial controls.
    • The quarter was "unfavorably impacted by the mix of sales including the level of machine sales in the quarter, compounded by higher fixed costs and inefficiencies associated with the Company's new and expanded production facilities" -- which it said included implementation expense around the ERP implementation.
    • Revenue by line: 3D printing machines, $1.1M (down 54%); non-machine, $5.7M (up 16.3%). Of total revenues, non-machine now makes up 84%.
    • It's reaffirming full-year expectations, with revenue expected to grow 32-50%, to $58M-$66M (on the high side of an expected $59.8M), gross margin between 36-40% and capex of $5M-$7M.
    • Conference call tomorrow at 8:30 a.m.
    • Press release
    | Thu, Jun. 11, 4:57 PM | 6 Comments
  • Thu, Jun. 11, 4:09 PM
    • ExOne (NASDAQ:XONE): FQ1 EPS of -$0.53 misses by $0.24.
    • Revenue of $6.79M (-6.7% Y/Y) misses by $1.33M.
    • Shares -1.98%.
    • Press Release
    | Thu, Jun. 11, 4:09 PM | 5 Comments
  • Wed, Jun. 10, 5:35 PM
  • Mon, May 11, 5:21 PM
    • Citing "unforeseen difficulties" in the implementation of an ERP system meant to improve the company's financial controls, ExOne (NASDAQ:XONE) says it won't be able to release Q1 results and file its Q1 10-Q by a May 11 due date.
    • The Q1 report and 10-Q are now expected in early June. ExOne is reiterating the full-year guidance it provided on March 16.
    • In late March, ExOne disclosed (via its 2014 10-K) it has ""concluded that there are material weaknesses in the design and operating effectiveness of our internal control over financial reporting as defined in SEC Regulation S-X."
    | Mon, May 11, 5:21 PM | 2 Comments
  • Wed, May 6, 3:31 PM
    • Today's notable tech gainers include LED/chip equipment maker Aixtron (AIXG +6.7%), distributed power system/software firm PowerSecure (POWR +7.2%), cloud customer support software vendor Zendesk (ZEN +5%), and chip packaging IP firm Tessera (TSRA +4.9%).
    • Notable decliners include LED giant Cree (CREE -4.2%), 3D printer maker ExOne (XONE -5.6%), big data/analytics software provider Hortonworks (HDP -5.7%), health site owner Everyday Health (EVDY -7.7%), and IP licensing firm WiLAN (WILN -6%). The Nasdaq is down 0.7%.
    • PowerSecure is up after beating Q1 estimates on the back of major increases in Distributed Generation and Solar Energy segment sales. Zendesk is up after posting a Q1 beat and guiding for full-year revenue of $192M-$195M (above a $189.6M consensus). Tessera is rallying thanks to a Q1 beat and strong Q2 guidance (revenue of $62M-$64M and EPS of $0.47-$0.50 vs. a consensus of $$57.3M and $0.40).
    • Cree is adding to the losses seen two weeks ago after it posted mixed results and light guidance. ExOne's drop comes after larger rival 3D Systems declined to provide guidance with its Q1 results.  Everyday has been downgraded to Hold by Stifel. WiLAN is adding to last week's post-earnings losses.
    • Previously covered: Zulily, Groupon, Axcelis, QuinStreet, Skullcandy, Millennial Media, LendingClub, TechTarget, Anadigics, Zagg, Cray, Enphase,, Jive Software
    | Wed, May 6, 3:31 PM | Comment!
  • Mon, Mar. 16, 5:40 PM
    • Though it missed Q4 estimates, ExOne (NASDAQ:XONE) is guiding for 2015 revenue of $58M-$62M (+32%-50% Y/Y), in-line with a $61.8M consensus. However, given the company's guidance history, and the fact that 70% of the year's revenue is expected in 2H15, investors might be taking the outlook with a grain of salt.
    • 3D printer revenue rose 46% Y/Y in Q4 to $10.2M; everything else (materials, services, etc.) rose 51% to $5.6M. 11 machines were sold (inc. 6 high-end S-Max systems and 1 S-Max+ system) compared with 8 in Q3 and 12 a year ago.
    • Gross margin fell to 24.5% from 25.8% in Q3 and 30.9% a year ago. SG&A spend rose 82% Y/Y to $9M, and R&D spend 27% to $2.2M.
    • 2015 GM guidance is at 36%-40%. SG&A spend is expected to fall to $21M-$23M from 2014's $24M (exc. $500K-$1M in one-time costs), and R&D spend fall to $6.5M-$7.5M from $8.2M. Capex is expected to total $5M-$7M.
    • Shares have fallen to $13.50 AH, leaving them just $0.10 above their 52-week low.
    • Q4 results, PR
    | Mon, Mar. 16, 5:40 PM | 6 Comments
  • Mon, Mar. 16, 5:20 PM
    • ExOne (NASDAQ:XONE): Q4 EPS of -$0.50 misses by $0.45.
    • Revenue of $15.76M (+47.3% Y/Y) misses by $2.78M.
    • Shares +1.3% AH.
    • Press Release
    | Mon, Mar. 16, 5:20 PM | 1 Comment
  • Sun, Mar. 15, 5:35 PM
Company Description
ExOne Co is engaged in providing 3D printing machines & 3D printed and other products, materials and services to industrial customers. It manufactures and sells 3D printing machines and printing products to specification for its customers.