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ExOne on Track to Recovery with Q4/2015 Financial Results

by • March 22, 2016 • No Comments

  • Now which the 3D printing hype bubble has deflated, hopes are high which once overpriced stocks can shift of the crash synonymous with the bubble and begin increasing again to additional reasonable levels. This may pretty please those with a true understanding in the power of 3D printing innovation and those additional interested in the long-term future of investing in 3D printing stocks. For the many part, the begin of 2016 has seen publicly traded businesses manufacture a few quite tiny improvements, which include ExOne (NASDAQ: XONE), who, despite reporting losses during Q4, beat analyst expectations with today’s financial results.

    exone industrial metal 3D printing

    The Pittsburgh company, with a focus on powder-based metal and sand printing innovation, reported Q4 losses of $1.2 million, or $0.08 earnings per share (EPS), compared to the analyst estimate of $0.15 and revenue of $16.2 million, compared to the analyst estimates of $14.71 million. In the same quarter a year ago, ExOne lost $7.2 million with revenue of $15.8 million. For all of 2015, they lost a worthwhile sum, $25.9 million, compared to a loss of $21.8 million in 2014. Revenue in addition fell 8% to $40.4 million.

    Screen Shot 2016-03-22 at 5.23.22 PMS. Kent Rockwell, Chairman and Chief Executive Officer, said of the financial results, “Our fourth quarter financial results demonstrate the future inherent in our business version as we scale our revenue. We were elated to recognize revenue on 12 machines in the fourth quarter, with 10 of those being our larger, indirect machines. This top line led us to a sturdy gross margin and positive modified EBITDA, demonstrating the financial results which are achievable with higher sales volume and affirmatory mix consisting of larger machines.”

    He adds, “We continued to manufacture progress with broader market acceptance of our innovation. We are optimistic which additional and additional of our customers are evaluating opportunities to use our machines in production – the four Exerial machines which we shipped in 2015 are being integrated into customer facilities. Additionally, we are working with several of the world’s major car manufacturers on evaluation of our Exerial for their series production operations. On the direct printing side of our business, we are producing great progress in the development of ceramics, carbon and monolithic metals. We appear forward to additional development of applications one-of-a-kind to our binder jetting innovation.”

    Rockwell has invested a worthwhile amount of his own funds into the company, suggesting his own intrinsic motivation for the company to succeed. As the main shareholder in ExOne, Rockwell has invested just about $15 million to repay a credit line. An modified EBITDA greater than zero, a stable cash situation, and a backlog at record high, suggests a company in recoquite and returning to health. By beating analyst expectations, ExOne stock leapt 7.13% to $12.93 per share, driving the stock close to its 52-week high. This may be an astounding rebound of the company’s lowest point, $6.53 in August of last year.

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