2023-05-17 16:20:19 ET
- Voxeljet AG press release ( NASDAQ: VJET ): Q1 GAAP EPS of -€0.35.
- Revenue of €6.02M (+29.7% Y/Y).
- Business Outlook: Our revenue guidance for the second quarter of 2023 is expected to be in the range of kEUR 4,250 to kEUR 5,750.
- Reaffirm FY 2023 Outlook: Revenue is expected to be in the range of kEUR 27,500 to kEUR 32,500
- Gross margin for the full year is expected to be above 31.5%
- Operating expenses for the full year are expected as follows: selling and administrative expenses are expected to be in the range of kEUR 14,000 to kEUR 16,000 and R&D expenses are projected to be between approximately kEUR 7,500 and kEUR 8,500. Depreciation and amortization expense is expected to be between kEUR 3,000 and kEUR 3,250.
- Adjusted EBITDA for the fourth quarter of 2023 is expected to be slightly negative to neutral. Adjusted EBITDA is defined as net income (loss), as calculated under IFRS accounting principles before interest (income) expense, provision (benefit) for income taxes, depreciation and amortization, and excluding other operating (income) expense resulting from foreign exchange gains or losses on the intercompany loans granted to the subsidiaries.
- Capital expenditures for the full year are projected to be in the range of kEUR 3,750 to kEUR 4,250, which primarily includes ongoing investments in our subsidiaries.
- Our total backlog of 3D printer orders at March 31, 2023 was kEUR 9,249, which represents twelve 3D printers. This compares to a backlog of kEUR 9,975 representing eleven 3D printers, at December 31, 2022. As production and delivery of our printers is generally characterized by lead times ranging between three to nine months, the conversion rate of order backlog into revenue is dependent on the equipping process for the respective 3D printer as well as the timing of customers’ requested deliveries.
- At March 31, 2023, we had cash and cash equivalents of kEUR 8,285, additionally we held restricted cash of kEUR 2,986 and held kEUR 3,680 of term deposits, which are included in current and non-current other financial assets on our consolidated statements of financial position.
For further details see:
Voxeljet AG GAAP EPS of -€0.35, revenue of €6.02M