3D printer manufacturer voxeljet has released its consolidated financial results for the first quarter of 2023. Total revenues increased 29.6% to EUR6.015 million in the first quarter from EUR4.640 million. Gross margin decreased to 31.9% from 34.3%, while gross profit increased to EUR1.917 million from EUR1.591 million. Systems revenue increased 122.8% to EUR3.159 million from EUR1.418 million, while services revenue decreased 11.4% to EUR2.856 million from EUR3.222 million.
“Demand in our on-demand printing services segment remains very robust – both in Europe and the US. This high demand is driven by large orders, which is very encouraging. Due to these high revenues from on-demand printing services, we expect higher revenues in the systems segment as customers switch from buying parts to owning 3D printers and produce more cost-efficiently,” commented Dr. Ingo Ederer, CEO of voxeljet.
Net loss for the first quarter of 2023 was EUR 3.251 million, or EUR 0.35 per share, compared to a net loss of EUR 753,000, or EUR 0.10 per share, in the first quarter of 2022. Revenue for the second quarter of 2023 is expected to be between EUR 4.25 million and EUR 5.75 million.
The full-year 2023 outlook remains in place, with expected sales between EUR 27.5 million and EUR 32.5 million, a gross profit margin above 31.5%, and expected operating expenses between EUR 14 million and EUR 16 million and R&D expenses between EUR 7.5 million and EUR 8.5 million. Depreciation and amortization is expected to be between EUR 3 million and EUR 3.25 million. Capital expenditures are expected to be between EUR 3.75 million and EUR 4.25 million.
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