After a couple of years of lows, especially on the stockmarket, voxeljet fiscal year performance is starting to see the light at the end of the tunnel. Revenues are set to exceed expectations by almost 20% for the fiscal year closed on December 31st 2016.
The leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, issued financial guidance with revenue expected to be in the range of 26.0 million and 28.0 million Euros. This compares to revenue guidance for the year ended December 31, 2016 of between 22.0 million and 24.0 million Euros, which the Company is affirming.
- Gross margin is expected to be above 40%.
- Operating expenses for the full year are expected as follows: SG&A expenses in the range of 9.25 million and 10.25 million Euros, and R&D expenses to be approximately 4.75 million to 5.75 million Euros. Depreciation and amortization expense is expected to be between 3.0 million and 4.0 million Euros.
- EBITDA is expected to be neutral-to-positive in 2017.
- Capital expenditures are projected to be in the range of 8.0 million to 9.0 million Euros, which primarily includes ongoing investments in our global subsidiaries.
Rudi Franz, Chief Operating Officer and Chief Financial Officer of voxeljet, commented: “We enter 2017 with momentum as both customer interest and quoting activity remains strong and the outlook for 3D printer sales for industrial production applications is positive. We focus on speed to market and lowering our costs to serve our customers more effectively. Our key initiatives for achieving these objectives include standardization of our product portfolio as well as optimized internal processes. To further push sales, we successfully introduced a group-wide CRM-tool, SAP Cloud for Customer. I expect this to have a significant positive impact on our future sales, as it will help us to better coordinate our activities and leverage our global reach.”
The Company will release its financial results for the fourth quarter and year ended December 31, 2016 after the closing of the financial markets on Thursday, March 30, 2017.
voxeljet is a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers. The Company’s 3D printers employ a powder binding, additive manufacturing technology to produce parts using various material sets, which consist of particulate materials and proprietary chemical binding agents. The Company provides its 3D printers and on-demand parts services to industrial and commercial customers serving the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product end markets.