The ExOne Company Reports 2016 Second Quarter Results

  • Revenue grew 38% over prior-year second quarter to $11.8 million, achieving a second quarter record
  • First half revenue up 32% to record level, maintaining strong growth driven by indirect machine sales
  • Operating leverage demonstrated by gross margin of 30% and 27% in second quarter and first half, respectively
  • Backlog of $19.5 million, up $3.1 million over sequential first quarter
  • Cash balance increases to $31.9 million

NORTH HUNTINGDON, Pa., Aug. 09, 2016 (GLOBE NEWSWIRE) -- The ExOne Company (NASDAQ:XONE) (“ExOne” or “the Company”), a global provider of three-dimensional (“3D”) printing machines and 3D printed and other products, materials and services to industrial customers, reported financial results today for the second quarter ended June 30, 2016. 

S. Kent Rockwell, Chairman and Chief Executive Officer, commented, “We’re pleased to have realized record revenue in both the second quarter and the first half of 2016, driven by sales of our larger indirect machines.  We continue to see stronger acceptance of our technology through further machine productivity enhancements and broadened material choices, as desired by our industrial customers.  Additionally, our growing backlog and pipeline set us up well for ongoing revenue growth in the second half of 2016.” 

He added, “Our efforts to lower our breakeven point have resulted in reduced overhead and have improved our cost structure.  Positive cash flow and operating leverage on higher revenue is evident in our current quarter financial performance.  Our plan is to continue to turn our backlog and grow our revenue, with the goal to achieve sustainable profitability.”

Second Quarter and First Half Revenue – Machine Revenue ~ Doubles for Both Periods

             
   Quarter Ended  Six Months Ended
   June 30,  June 30,
(in millions)  2016     2015    2016     2015 
Revenue by Product Line           
  3D Printing Machines:           
 3D Printing Machines - third parties$4.8  41% $1.3  16% $7.0  35% $2.4  16%
 3D Printing Machines - related parties -  0%  1.1  13%  -  0%  1.1  7%
   4.8  41%  2.4  29%  7.0  35%  3.5  23%
  3D Printed and Other Products, Materials and Services ("Non-machine"):                      
  3D Printed and Other Products, Materials and Services - third parties   6.9     59 %     6.0     71 %     13.1     65 %     11.7     77 %
  3D Printed and Other Products, Materials and Services - related parties   0.0     0 %     0.0     0 %     0.1     0 %     0.0     0 %
      7.0     59 %     6.1     71 %     13.2     65 %     11.8     77 %
Total Revenue $ 11.8     100 %   $ 8.5     100 %   $ 20.2     100 %   $ 15.3     100 %
                         

1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article

Autodesk University 2017

Featured Video
MCAD Corporate Newsletter
rss feed
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
NVIDIA’s AI Computer Drives AVs
Jobs
Mechanical Engineer for The Planate Management Group LLC at Perry Point, MD
Senior Mechanical Engineer for Albert Kahn and Associates at Detroit, MI
GIS Analyst for G2 Partners LLC at San Ramon, CA
ENVIRONMENTAL GRAPHIC DESIGNER for Blitz at San Francisco, CA
Structural Engineer for Albert Kahn and Associates at Detroit, MI
Upcoming Events
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
ATX MINNEAPOLIS 2017 at Minneapolis MN - Nov 8 - 9, 2017
2017 China Chongqing International Machine Tool Show (CCIMT) at Chongqing International Expo Center, Yubei Chongqing China - Nov 13 - 16, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise