Dec. 18, 2014, 7:38 AM
Dec. 15, 2014, 1:02 PM
- ExOne (XONE -8.7%) and Voxeljet (VJET -9.8%) are among the biggest tech decliners on a day the Nasdaq is down 0.4%. 3D Systems (DDD -3.4%) and Stratasys (SSYS -1.4%) are also underperforming.
- 3D Systems, Stratasys, and Voxeljet have made new 52-week lows, and ExOne is very close to doing the same. 3D Systems now goes for 3.3x 2015E sales exc. net cash, and Stratasys 3.9x 2015E sales exc. net cash.
- Last Friday: Canaccord expects a 2015 rebound for 3D printing stocks
Nov. 23, 2014, 10:25 AM
- Regulatory concerns are holding back the widespread adoption of 3D printing, a market that is predicted to reach $21B worldwide by 2020, compared with just $3.1B last year.
- The need to satisfy regulators about safety is an "obstacle" to the technology’s advance in certain sectors, says Stratasys (NASDAQ:SSYS) CEO David Reis. "Every part has to go through testing...every technology, every material has to go through certification."
- Manufacturers are facing many hard to win approvals, ranging from the FAA for the production of aerospace parts to the FDA for healthcare devices.
- Related tickers: DDD, VJET, XONE, ONVO, CAMT, OTCPK:AMAVF
Nov. 14, 2014, 4:44 PM
- Though it posted a Q3 miss and slashed its 2014 guidance on Wednesday, Oppenheimer thinks ExOne (XONE) will perform better in 2015.
- Oppenheimer notes the 3D printer maker is guiding for 25%-35% 2015 organic growth, and thinks the forecast could end up being conservative. Consensus is currently for 35.9% growth.
- Shares rose 7% in regular trading. They fell only 1.1% on Thursday, after initially selling off hard in response to ExOne's results/guidance.
Nov. 12, 2014, 5:36 PM
Nov. 12, 2014, 4:30 PM
- ExOne (NASDAQ:XONE) now expects 2014 revenue of $45M-$50M, below prior guidance of $55M-$60M and a $54.2M consensus.
- CEO Kent Rockwell: "We continue to struggle with predicting timing of our machine sales and therefore we are lowering our expectations for 2014 revenue based on clearer visibility for the remainder of the year."
- 8 printers were sold in Q3, up from 6 in Q2 but flat Y/Y. Only one high-end S-Max printer was sold, down from 3 in Q2 and 4 a year ago.
- Gross margin was 25.8% vs. 22.3% in Q2 and 45.2% a year ago. GAAP R&D spend rose 76% Y/Y to $2.3M, and SG&A spend 24% to $4.6M.
- Bigger rival 3D Systems (NYSE:DDD) has slipped in response to ExOne's numbers.
- Q3 results, PR
Nov. 12, 2014, 4:08 PM
Nov. 11, 2014, 5:35 PM
Nov. 5, 2014, 10:17 AM
- Stratasys beat Q3 estimates and reiterated its full-year revenue guidance, but also cut its full-year EPS forecast - the acquisition of cloud software vendor GrabCAD was blamed - and forecast its capex would soar in 2015. Its shares are currently down 13.6%.
- 3D Systems (DDD -3.8%), Voxeljet (VJET -5.3%), ExOne (XONE -4.9%), and Organovo (ONVO -1.4%) are following Stratasys lower. 3D Systems, which issued a big Q3/full-year warning on Oct. 22, is making fresh 52-week lows.
Oct. 30, 2014, 7:09 AM
Oct. 29, 2014, 10:39 AM
- After promising a 3D printing tech breakthrough for months, H-P (HPQ -0.2%) is finally sharing some details. The company plans to leverage a proprietary 4-step inkjet process known as Multi Jet Fusion. H-P claims the process can operate 10K nozzles at once, and allow objects to be printed more than 10x faster than conventional approaches.
- "That means a fundamentally lower cost," says H-P SVP Stephen Nigro. He adds H-P is focusing on the high-end/industrial segment, and suggests its printers will be priced towards the low end of the segment's traditional $150K-$500K price range.
- 3D printer makers aren't taking the news well: DDD -6.2%. SSYS -6.1%. XONE -8.1%. VJET -3.6%.
- H-P's printers won't be widely available until 2016; some customers will get to test them next year. Industry analyst Terry Wohlers thinks H-P's offerings could potentially "put some other companies out of business," and also expand the addressable market for printing sophisticated products.
- Forrester's Sophia Vargas is more cautious: Though calling H-P's solution well-suited for plastic printing, she notes the company hasn't yet proven it can work with metals and other materials.
- Also unveiled by H-P: Sprout, an $1,899 desktop featuring an overhead 3D scanning camera. The camera can turn anything placed on a mat in front of the PC's monitor (objects, sketches, written material) into digital content. It ships next month.
- Gartner recently forecast 3D printer shipments "will more than double every year between 2015 and 2018," reaching 2.3M units in 2018. Total end-user spending is expected to grow to $13.4B in 2018 from $1.6B in 2015.
Oct. 27, 2014, 2:39 PM
- High-flying cybersecurity software vendor CyberArk (CYBR +10.1%) and beaten-down 3D printer vendor ExOne (XONE +9.9%) have taken off today. Neither has shown great volume: CyberArk has seen 2.7M shares change hands vs. a post-IPO average of 3.6M, and ExOne has seen 321K vs. a 3-month average of 658K.
- CyberArk has more than doubled from its $16 September IPO price. ExOne, which had 57% of its float shorted as of Oct. 15, is still down 61% YTD.
Oct. 22, 2014, 9:19 AM
Oct. 1, 2014, 1:20 PM
- Volatile and heavily-shorted 3D printing names are among the bigger decliners as the Nasdaq posts a 1.4% drop. Volumes for several names are already near or above their 3-month daily averages.
- ExOne (XONE -10.6%) has tumbled to a fresh post-IPO low, and Voxeljet (VJET -3%) is close to its post-IPO low of $12.85. Also selling off: DDD -4.5%. SSYS -5.2%. CAMT -8.7%. ONVO -3.8%. OTCPK:AMAVF -5.9%.
Sep. 11, 2014, 9:32 AM
- ExOne's (XONE) European division has begun transitioning into its newly completed headquarters in Gersthofen, Germany, which will provide expansion capacity to support the company's global growth strategy.
- ExOne expects to complete the move from its five previously leased facilities in Augsburg in November.
Aug. 29, 2014, 2:37 PM
- Stifel's Patrick Newton has launched coverage on Stratasys (SSYS +1.3%) at Buy, and ExOne (XONE -3.1%) at Hold. 3D Systems has also been launched at Buy, but isn't moving much in response.
- Newton calls Stratasys his "favorite idea" in 3D printing (he's not alone), and thinks the company can deliver 30%+ annual growth. He talks up Stratasys' consumer market leadership (courtesy of MakerBot), and says its lack of a metal printer offering is its "only noticeable weakness" in the industrial space.
- He thinks ExOne can deliver strong revenue and margin growth on the back of rising services/materials sales and growing demand for its binder jetting industrial printers. But like others, Newton has his doubts ExOne can hit management's forecast for 40%-50% sales growth, given recent results.
- Stratasys took off 3 weeks ago thanks to a Q2 beat and guidance hike. Though still down YTD, the company has easily outperformed 3D printing peers in 2014.
XONE vs. ETF Alternatives
ExOne Cois engaged in providing 3D printing machines & 3D printed and other products, materials and services to industrial customers. Itmanufactures and sells 3D printing machines and printing products to specification for its customers.
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