voxeljet(FRA:VX8A) continues 3D printing financial results season reporting for the fourth quarter and full year ended December 31, 2017.
Voxeljet报告说，2016财年的2230万欧元收入增长了3.8％，2017财年的收入为2310万欧元。
This final figure is marginally lower than the €26.0 million to €28.0 million range announced in an earlier初步报告2018年3月。VoxelJet还重申了2018年的全年指导。2018年的VoxelJet收入预计在2800万欧元至3000万欧元之间。
据Voxeljet AG的创始人，首席执行官兼管理委员会成员Ingo Ederer表示，这些数据显示，该公司“从财务和战略角度来看”。
Horizon 2020’s financial boost
Financially, voxeljet received a boost by the European Investment Bank, in collaboration with the European Commission and itsHorizon 2020创新项目。Voxeljet通过该计划签署了高达2500万欧元的贷款，从而加强了其研发活动。
Research and development expenses for the full year 2017 amounted to €5.5 million, mainly flat on the comparative of €5.6 million for FY2016.
As previously reported, the company has alsosigned a lucrative 3 year contract和Tooling and Equipment International(TEI), the largest user of 3D printed sand casts in the U.S.
Q4 2017 is the first year that operations in the U.S. reached profitability. By region, 25.1% of voxeljet sales for FY2017 was generated in the Americas, and 64% of revenue was from the EMEA region. Making up the remaining 10.9% of sales, success in these regions was offset by a decline in the Asian market which may soon receive a boost due to the completion of a new production facility in the area.
To lower the cost of its printing equipment and bolster on-demand 3D printing services for its clients, voxeljet is working on a large-scale production facility in China, which is reportedly “nearing completion.”
季度的表现
Revenues a voxeljet can be analysed by segment as either Systems or Services.
Systems revenue for fourth quarter 2017 was €3.1 million, compared to €3.9 million for the same quarter ended December 31 2016.
Services revenue for Q4 2017 was up to €2.9 million from €2.3 million in Q4 2016.
Services and Systems revenues for the fourth quarter 2017 contributed to a total revenue of €6.1 million for the period with a gross profit of €2.4 million, and gross profit margin of 40% overall.
2017年第四季度的总毛利润率在2016年第四季度的20％的利润率上增加了一倍。
Across the full year
VoxelJet的全年系统收入为1,150万欧元，服务收入为1,160万欧元。服务部门的增加，从2016财年的920万欧元增长，抵消了系统收入，据报道，2016财年的收入为1300万欧元。
Total gross profit margin across the whole of 2017 was 40.4% (34.0% in Systems and 46.7% in Services) an increase of over 10% for the FY2016, which was 30.9% (24.4% Systems and 40% Services).
利润率显示出销售成本的改善，尤其是在Voxeljet的系统细分市场中。
埃德尔（Ederer）看着未来，“我们公司的长期成功不仅必须通过我们的创新数量来衡量，而且还必须通过我们将其充分发挥潜力的能力来衡量。”
“This holds especially true for our Systems segment, which did not yet deliver the results we’re expecting,
“因此，在当前的日历年中，我们打算在过去几年中开发的许多计划和合作花费大量时间和精力，以使这些计划充分实现。”
Strategy
正如我们的记录促进生产的添加剂制造趋势thought leadership series, many companies within the 3D printing eco-system are working towards integration with the wider manufacturing world, and using degrees of automation to achieve this. voxeljet is no exception.
“Our vision is clear,” comments Ederer, “we want to replace conventional production by constantly pushing technological boundaries,”
“我们希望将我们的3D打印技术带入全自动的大规模制造中。”
Key announcements for voxeljet in 2017 include an update on its息肉c2软件, and the launch of its first高速烧结(HSS) 3D printer。
“In 2018,” Ederer concludes, “we will continue the execution of our strategy, so you can reasonably expect more innovations and more partnerships with a strong focus on bringing these innovations to their full potential.”
Thefull reportof voxeljet’s results in Q4 2017 and FY2017 can be found here. See below for the company’s current assets and consolidate statement of cash flows.
voxeljetAG CONSOLIDATED STATEMENTS OF FINANCIAL POSITION |
|||||
| Year Ended December 31, | |||||
| 2017 | 2016 | ||||
| （成千上万个） | |||||
| 当前资产 | 37,774 | 37,506 | |||
| 现金及现金等价物 | 7,569 | 7,849 | |||
| Financial assets | 14,044 | 12,579 | |||
| 贸易应收账款 | 5,093 | 4,133 | |||
| Inventories | 9,539 | 11,213 | |||
| 所得税应收税款 | 3 | 8 | |||
| Other assets | 1,526 | 1,724 | |||
| Non-current assets | 29,257 | 24,633 | |||
| Financial assets | 357 | 211 | |||
| Intangible assets | 1,111 | 842 | |||
| 物业，厂房及设备 | 27,698 | 23,521 | |||
| Investments in joint venture | 39 | — | |||
| Other assets | 52 | 59 | |||
| Total assets | 67,031 | 62,139 | |||
voxeljetAG CONSOLIDATED STATEMENTS OF CASH FLOWS |
|||||
| Year Ended December 31, | |||||
| 2017 | 2016 | ||||
| （成千上万个） | |||||
| Cash Flow from operating activities | |||||
| 期间的损失 | （8,525） | (11,313) | |||
| 折旧和摊销 | 3,163 | 2,542 | |||
| 外币兑换的子公司贷款差异 | 1,056 | 1,092 | |||
| Impairment losses on goodwill and intangible assets | — | 1,130 | |||
Equity-settled share-based payment transaction in relation to the establishment of a |
— | 256 | |||
| Share-based compensation expense | 386 | — | |||
| 贸易应收账款损失损失 | 237 | 367 | |||
| 合资企业投资的变化 | 11 | — | |||
| Change in fair value of the Performance Participation Interest | 17 | — | |||
| Change in derivative equity forward | (352) | — | |||
| 库存津贴的变化 | (515) | 954 | |||
| Proceeds from customer loans | — | 10 | |||
| Deferred income taxes | 79 | — | |||
| 处置资产损失 | 15 | 46 | |||
| 营运资金的变化 | （2,654） | (8,422) | |||
| Trade and other receivables, inventories and current assets | (2,978) | (6,784) | |||
| Trade payables | 629 | （27） | |||
| Other liabilities and provisions and deferred income | （310） | (1,657) | |||
| Income tax payable/receivables | 5 | 46 | |||
| Total | （7,082） | (13,338) | |||
| Cash Flow from investing activities | |||||
| 减少限制现金 | 206 | — | |||
| Proceeds from disposal of property, plant and equipment and intangible assets | — | 14 | |||
| Payments to acquire property, plant and equipment and intangible assets | (3,374) | （3,700） | |||
| Proceeds from disposal of financial assets | 4,077 | 34,979 | |||
| Payments to acquire financial assets | （5,542） | (15,827) | |||
| Investment in Joint Venture | (50) | — | |||
| Total | (4,683) | 15,466 | |||
| Cash Flow from financing activities | |||||
| Repayment from bank overdrafts and lines of credit | (166) |
(159) | |||
| Repayment of sale and leaseback obligation | (384) |
(535) | |||
| Repayment of finance lease obligation | (51) | （36） | |||
| Repayment from long-term debt | (732) | (378) | |||
| 长期债务收益 | 12,612 | 4,724 | |||
| Total | 11,279 | 3,616 | |||
| 现金和现金当量的净增加（减少） | (486) | 5,744 | |||
| 现金及现金等价物at beginning of period | 7,849 | 2,086 | |||
| Changes to cash and equivalents due to foreign exchanges rates | 206 | 19 | |||
| 现金及现金等价物at end of period | 7,569 | 7,849 | |||
| Supplemental Cash Flow Information | |||||
| Interest paid | 206 |
201 | |||
| 利息收入 | 16 | 39 | |||
| 所得税已支付 | — | 2 | |||
| 物业，厂房及设备added under finance lease | 123 | 57 | |||
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Featured image shows voxeljet customers and industrial additive manufacturing machines. Photo via voxeljet AG.
