Home Industry Voxeljet with good financial data after stock market withdrawal

Voxeljet with good financial data after stock market withdrawal

3D printing pioneer Voxeljet has achieved its highest turnover and profit figures ever in a first quarter of 2024. The company announced this just a few months after its delisting from the Nasdaq stock exchange.

With revenue of EUR 6.96 million, quarterly turnover rose by 15.6% year-on-year to a record high. The gross profit margin also increased significantly and, at 41.2%, reached the highest opening annual value in the company’s history.

This development was driven by strong growth in both core business areas: Sales of 3D printer systems climbed by 15.9% and those of services by 15.4%. “Demand for our high-performance large format printers remains very high,” comments CEO Ingo Ederer.

Voxeljet is also making progress with new projects. For example, the company is working on a prototype with a print area of over 70 square meters for GE Wind Energy. In the area of high-speed sintering (HSS), preparations for TPU materials are in full swing.

Since March, Voxeljet has no longer been listed on the Nasdaq, but can be traded over the counter (OTC). This move is intended to increase flexibility and efficiency, as CFO Rudolf Franz explains: “As a listed company, we were constantly under the microscope and had to meet high expectations quarter after quarter.”

The cost savings now make it possible to concentrate fully on the further development of 3D printing technology. In addition, a new 5.5-million-euro financing supports the realignment.

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