As quarterly reports begin rolling out for the third quarter of 2016, many look toward the major players of 3D printing manufacturing to keep in touch with the pulse of the industry, examining successes (as well as the opposite) through the cold hard numbers. Those have been kind to ExOne again, as we see that growth continues steadily after a positive report from last quarter as well.
With headquarters in the US, Europe, and Asia, this global manufacturer of 3D printers, materials and other products and services continues to move ahead. For the third quarter of this year, ExOne reports a rise of 47 percent. That is in comparison to Q3 2015, as now they report machine revenues expanding over two and a half times. According to the company, this is due to the recognition of ‘large, indirect machine sales.’
Revenues on the other side, excluding hardware, are still in line with what we saw last year showing impacts due to less profits flowing via consumable items. In all, however, this year so far shows that revenues have increased significantly, at 37% higher than the same timeframe for last year.
ExOne states that while their revenues related to ‘non-machines’ still grew by 8%, they saw revenues from machines actually doubling. They also make it clear that they don’t see this data as a trend, but rather a normal fluctuation.
“We’re pleased to see continued growth in the third quarter and year-to-date periods, with sales of more of our larger, indirect machines,” said Jim McCarley, Chief Executive Officer of ExOne. “Underlying this momentum are customers who are indicating that our S-Max platform is setting the standard for industrial applications, evidencing growing adoption of our binder jetting technology.
“We have also made significant progress in 2016 with continued technological advances. The beta testing of our Exerial has not only resulted in enhancements to that machine but also improvements that we anticipate applying to our other indirect machine platforms to facilitate adoption,” continued McCarley. “Furthermore, the strides we have made with finer powders for our direct machines are significantly broadening our addressable market for potential applications. Given customer feedback, we are confident that these investments will drive future results.”
Other highlights of the Q3 2016 report are as follows.
- Operating losses showed more positive numbers in comparison to this time last year, directly reflecting the higher gross profit, as well as taking into account that for last year, ExOne showed a $4.4 million non-cash goodwill impairment charge.
- Selling, general, and administrative expenses showed a large increase, jumping from 0.2 million to $5.2 million—with $0.5 million spent on management succession. Research and development expenses rose to $1.9 million, from $1.8 million the previous year. According to ExOne, this was due to ‘project-related material costs.’
- Adjusted earnings (pre-taxes, depreciation, and amortization) or EBITDA, showed an improvement for this year with only a $1.6 million loss as compared to this time period last year with a $4 million loss.
- In the area of cash and equivalents, ExOne reports that these figures were at $29.8 million, showing a reduction from last year’s third quarter at $31.9 million—and also contrasted with the total of $19.3 million at December 31, 2015.
Both a conference call and webcast were held live last week as ExOne management went over the third quarter results for 2016. They also discussed future corporate strategies, and their outlook. If you are interested in listening to a replay of the conference call, just dial (858) 384-5517, entering conference ID number 13645497; it will be available until November 17. You can also enjoy a replay of the webcast, soon to be available at ExOne. Discuss in the ExOne forum at 3DPB.com.[Source / Images: ExOne]
You May Also Like
Xometry: On-Demand Manufacturing Marketplace Completes $50MM Funding Round
Led by Greenspring Associates, Xometry has just announced $50MM raised in equity funding. Also funding the on-demand manufacturing marketplace are: Dell Technologies Capital BMW i Ventures Foundry Group GE Ventures...
Innofil3D Releases Two New Ultrafuse 3D Printing Filaments: Ultrafuse Z PCTG & Ultrafuse TPU 80A LF
Netherlands filament maker Innofil3D has just announced the launch of two new filaments: Ultrafuse Z PCTG – as the first electrostatic discharge (ESD) safe filament produced by BASF, this all-purpose...
Wisconsin: Zero Barrier Labs is Trying to Make Metal 3D Printing 17 Times Cheaper
While many companies are keenly interested in the advances 3D printing is encouraging today—along with additive manufacturing processes making use of a variety of different metal powders to create strong,...
Manufacturer of the Desktop Sidewinder X1 3D Printer Prepares for a Promotion and a Rebranding
Professional 3D printer manufacturer Artillery 3D Technology Co., Ltd. is based in Shenzhen, China, and has been focused on research and development efforts so it can create affordable, reliable technology....