Voxeljet, a specialist binder jetting and HSS 3D printer has published its latest annual report. These show that the 3D printer manufacturer generated a total of €27.8 million in fiscal year 2022. This represents an increase of 12.1% compared to €24.8 in the same period last year.
Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented: “We are very happy with the results for the quarter. Both our operating business and our financing activities with the completion of the sale and lease back transaction were very successful. In our Systems segment, we had a very strong order inflow and started with a new record-high order backlog into the new business year.
Regarding our new VJET X 3D printers, we have now five units of this large, next generation 3D printer in operation at the Bavarian car maker and have realized revenue for all of them. In our on-demand printing segment Services, demand continues to be extremely good – both in Europe and the US. This high demand is driven by large productions orders, which is very exciting.”
Fourth Quarter 2022 Results
Revenues for the fourth quarter of 2022 decreased by 1.1% to kEUR 10,766 compared to kEUR 10,885 in the fourth quarter of 2021.
Revenues from their Systems segment, which focuses on the development, production and sale of 3D printers, decreased by 4.4% to kEUR 8,096 in the fourth quarter of 2022 from kEUR 8,470 in last year’s fourth quarter. The Company sold eight new and one used and refurbished 3D printer in the fourth quarter of 2022, compared to seven new and two used and refurbished 3D printers delivered in last year’s fourth quarter. Revenue from the sale of 3D printers decreased in 2022 compared to last year, due to the product mix. Systems revenues also include all Systems-related revenues from consumables, spare parts and maintenance. Those Systems-related revenues slightly increased in the fourth quarter year over year, reflecting the higher installed base of the company’s 3D printers in the market. Systems revenues represented 75.2% of total revenues in the fourth quarter of 2022 compared to 77.8% in last year’s fourth quarter.
Revenues from the Services segment, which focuses on the printing of on-demand parts for voxeljet customers, increased by 10.6%, to kEUR 2,670 in the fourth quarter of 2022 from kEUR 2,415 in the comparative period of 2021. This increase was mainly due to higher revenue contributions from the subsidiary voxeljet America Inc. (“voxeljet America”), partially offset by lower revenue contributions from the Chinese subsidiary voxeljet China Co. Ltd. (“voxeljet China”). Revenue contribution from the German service center slightly decreased.
Cost of sales was kEUR 7,908 for the fourth quarter of 2022 compared to kEUR 7,327 for the fourth quarter of 2021.
Gross profit was kEUR 2,858 in the fourth quarter of 2022 compared to kEUR 3,558 in the fourth quarter of 2021.
Year Ended December 31, 2022 Results
Revenues for the year ended December 31, 2022 increased by 12.1% to kEUR 27,832 compared to kEUR 24,826 in the prior year period.
Systems revenues were kEUR 15,828 for the year ended December 31, 2022 compared to kEUR 15,728 in last year’s period. The Company sold twelve new and three used and refurbished 3D printers during the year ended December 31, 2022 compared to ten new and four used and refurbished 3D printers in the prior year period. Revenue from the sale of 3D printers decreased in 2022 compared to last year, due to a less favorable product mix in spite of slightly higher number of transactions. The company sold more smaller scale platforms in 2022 as opposed to larger scale platforms in the comparative period in 2021. Systems revenues also include all Systems-related revenues from consumables, spare parts and maintenance. Those Systems-related revenues significantly increased, due to higher market demand in the company’s after-sales activities in connection with an increased installed base of voxeljet 3D printers. Systems revenues represented 56.9% of total revenue for the year ended December 31, 2022 compared to 63.4% for the last year’s same period.
Services revenues were kEUR 12,004 for the year ended December 31, 2022 compared to kEUR 9,098 for the same period last year. This was mainly due to higher revenue contributions from their German service center as well as the subsidiary voxeljet America. But also revenue contributions from their Chinese service center improved. Since the beginning of the fiscal year 2022, voxeljet has been seeing a strong market demand in the company’s Services segment from almost all geographical regions.
Cost of sales for the year ended December 31, 2022 was kEUR 19,646, which represents increase of kEUR2,770 compared to cost of sales amounting to kEUR 16,876 for the same period in 2021.
Gross profit and gross margin for the year ended December 31, 2022 were kEUR 8,186 and 29.4%, respectively, compared to kEUR 7,950 and 32.0%, respectively, in the prior year period.
Find out more about Voxeljet at voxeljet.com.
Subscribe to our Newsletter
3DPResso is a weekly newsletter that links to the most exciting global stories from the 3D printing and additive manufacturing industry.
