If you’ve been investing in 3D printing stocks as of late, then you are likely feeling the pain. Many stocks within the industry are trading at prices that we have not seen in over two years. After a major run-up seen within the market at the end of 2013 and beginning of last year, the balloon has inflated quite a bit, or depending on your tolerance, may have popped.
This share price dip across the 3D printing sector is likely due to a combination of factors. First off, there was quite a bubble in the industry as the 3D printing hype machine was in full effect for the last couple of years. Secondly, and more importantly, many of the larger companies within the industry have reported underwhelming numbers, both on their top and bottom lines.
Some see this as a buying opportunity, while other investors still believe the market is being over-hyped and will under perform the expectations of analysts. With that said, today, one of the smaller publicly traded 3D printing companies, voxeljet has given the market something to cheer about.
Today, the company announced their 2015 full-year guidance for the year ending December 31, 2015. Voxeljet AG (NYSE:VJET) expects to earn somewhere between 23 and 24 million euro ($26.7 to $27.8 million) for the year, up from last year’s guidance of between 15 and 16 million euro ($17.4 to $18.5 million), which they provided in November of last year. This is a huge boost in revenue for a company with a market cap of just $143 million.
“We enter 2015 with momentum in both of our business segments, which is reflected in our revenue guidance for the year,” stated Rudi Franz, Chief Financial Officer of voxeljet. “Our long-term targeted revenue growth rate is in the range of 50%, with gross margins in the range of 45 to 50%. Our long-term EBITDA and EBIT margins targets remain between 25% and 30% and 10% to 15%, respectively. We believe that our continued robust investment in research and development will be the biggest factor in helping us to achieve these operating margins, and our plan is to continue to invest accordingly.”
There are four main factors contributing to this rise in revenue expected year-over-year. They include an increase in global system sales, as well as the growth of their services business at their facilities in Friedberg, Germany, Canton, Michigan, and outside of London, England. They expect the growth in the services side of the business to outpace that of the hardware side of things for the year.
The Canton, Michigan facility opened for operation just this month, and should have a similar capacity as their Friedberg service center by the end of 2016, as they continue to expand upon its offering. They expect to add additional sand and plastic 3D printers to that facility in the first half of this year.
Now that the company has revealed rather surprising numbers for their 2015 guidance, it will be interesting to see where their 2014 4th quarter numbers come in at. These numbers will be released on March 26th.
Are you an investor in voxeljet? Let’s hear your thoughts on their recent guidance in the 2015 voxeljet Guidance forum thread on 3DPB.com. Shares of voxeljet are up over 4% in early trading today.
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