The ExOne Company Reports 2017 Fourth Quarter and Full Year Results

  • 2017 revenue up 21% to $57.7 million, includes record-setting 41 machines sold
  • Machine revenue up 43% in 2017 to $30 million; non-machine revenue up 4% to
    $27.7 million
  • Backlog of $21.3 million at year end
  • Expect 2018 revenue growth in excess of 20%, while accelerating technology investment

NORTH HUNTINGDON, Pa. — (BUSINESS WIRE) — March 15, 2018The 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 fourth quarter and year ended December 31, 2017.

“We are confident that our team’s 2017 accomplishments have ExOne on the right track. With 21% growth, we achieved a record revenue level at nearly $58 million, while continuing to accelerate our technology development,” stated Jim McCarley, ExOne’s Chief Executive Officer.

“Operationally, we made significant advancements on many fronts:

  • Our customers operating Exerial™ machines are creating molds and cores in production environments, successfully enabling the 3D printing of unique component designs on their factory floors.
  • We now have customer installations operating with cold hardening phenolic (CHP) binder on three continents and expect accelerated growth in 2018.
  • Along with SGL Group, we recently announced the availability of CARBOPRINT™ 3D printed products, demonstrating the diversity of materials that can be printed with our binder jetting technology.
  • Advancements made with our fine powder recoating technology are enabling the development of our large format fine powder machine, expected to be launched in 2018.
  • We are expanding our material offerings in the tooling, filtration and energy markets.

We believe that these investments, along with our technology development roadmap for 2018, will drive continued double-digit revenue growth and accelerated adoption of our binder jetting technology in 2018 and beyond,” Mr. McCarley noted.

Fourth Quarter and Full Year Revenue – Machine Revenue Growth Validates Binder Jetting

         
Quarter Ended Year Ended
December 31, December 31,
(in millions) 2017   2016 2017   2016
Revenue by Product Line        
3D Printing Machines $ 12.9 64 % $ 7.5 51 % $ 30.0 52 % $ 21.0 44 %
3D Printed and Other Products,

Materials and Services ("Non-machine")

  7.3   36 %   7.1   49 %   27.7   48 %   26.8   56 %
Total Revenue $ 20.2   100 % $ 14.6   100 % $ 57.7   100 % $ 47.8   100 %
 

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