Introduction: In the second quarter of 2021, major companies have begun to actively publishfinancial report, Announcing that it has stepped out of the haze of the epidemic.
Germany3D printingMachine manufacturer voxeljet (VJET) released its second quarter financial report on August 13, 2021, announcing that the company has returned to
income
level. In the second quarter, the company’s revenue was 4.9 million euros (approximately 37 million yuan), which was 26% higher than the 3.9 million euros (approximately 30 million yuan) in the second quarter of 2020, and only 505.0 million euros in the second quarter of 2019 before the epidemic. Million euros (approximately 38.5 million yuan) is 2% less. Voxeljet said that the increase in revenue was mainly due to the strong recovery of demand in the European market and the company’s Beta program successfully selling multiple systems.
△Voxeljet plans to release the VX 1000 system in 2021. Photo from voxeljet.
The release of Voxeljet’s financial report follows the adhesive injection system manufacturerDesktop MetalAcquisitionExOne, This acquisition has brought voxeljet’s two major industry competitors to join forces.However, this did not seem to make voxeljet’s shareholders lose confidence. After the transaction was announced, the company’sshare priceInstead, it rose by 7%. Ingo Ederer, CEO of voxeljet, is very satisfied with the results of the second quarter and said that the company has made significant progress on key projects.He said that Europe is3D printingThe demand for components continues to rise, and compared with the first quarter of 2021, demand in the United States and China has also increased significantly.
Voxeljet’s second quarter 2021 results
In the second quarter of 2021, Voxeljet started from high-speed sintering (HSS) and binder injection3D printingMost of the revenue is obtained from the sales of the aircraft, and other revenues include on-demand production services in Germany, the United States, the United Kingdom, China and India. In the financial statements, the company divides revenue into two parts: systems and services. The former includes machinery, parts, or maintenance-related revenue. The revenue of voxeljet’s system division was 2.7 million euros (approximately 21 million yuan), an increase of 43% compared to the second quarter of 2020, and an increase of 29% compared to the second quarter of 2019, which was attributed to the expansion of the company’s sales. Although voxeljet does not directly report revenue from consumables, spare parts or maintenance contracts, it said that these will also increase between the second quarter of 2020 and 2021. In the same period, the company’s system revenue increased from 48% of its total revenue to 54%.
△Voxeljet second quarter performance comparison
Compared with system revenue, sales of Voxeljet services recovered more slowly between the second quarter of 2020 and the second quarter of 2021, rising from 2 million euros to 2.3 million euros (approximately 17.5 million yuan). This is mainly due to the continued downturn of the company’s business in the United States and China in 2020, although this downward trend is slightly offset by the strong recovery of the German business due to the relaxation of restrictions on the European market.In addition, the cost of sales in the second quarter of 2021 was 21% higher than the same period last year, but voxeljet’s grossprofitIn fact, it has increased from 1 million Euros to 1.4 million Euros (approximately 10.7 million RMB), which is attributed to the huge profit contribution of the German service center, and also reflects the higher utilization rate of the company’s products and the growing market demand in Europe.
△voxeljet customers and industrial additive manufacturing machines. Photo courtesy of voxeljet AG.
The overall financial result of voxeljet in the second quarter of 2021 was 1.4 million euros (approximately 10.7 million yuan), and an operating loss of 3.9 million euros (approximately 30 million yuan) was slightly lower than the 4 million euros in the second quarter of 2020. The net loss during the period was 2.5 million euros (approximately 19 million yuan). As of the end of the quarter, the company had 5.8 million euros (approximately 44 million yuan) in cash and equivalents, partly from two stock announcements in the first quarter of 2021.
The success of Beta business and the rise of future revenue
It is understood that voxeljet’s beta plan is a key factor in its system revenue growth in the second quarter of 2021. The company launched the “MISSION M” program, which aims to enable customers to use the high-throughput VX1000 HSS
3D printingmachine. In addition, regarding the company’s backlog of orders, as of June 30, 2021, the company had 8 outstanding orders worth 6.2 million euros, a decrease of 9% over the same period last year. Although voxeljet did not state when these orders will be converted into sales, it is roughly estimated that it will take 6 to 9 months.
3D printingmachine. In addition, regarding the company’s backlog of orders, as of June 30, 2021, the company had 8 outstanding orders worth 6.2 million euros, a decrease of 9% over the same period last year. Although voxeljet did not state when these orders will be converted into sales, it is roughly estimated that it will take 6 to 9 months.
△voxeljet’s VX 4000 is a super large sand mold industrial printing system. Photo courtesy of voxeljet
As of June 30, 2021, the company’s revenue in the first half of the year increased by 15.4% to 9 million euros (approximately 69 million yuan), compared with 7.8 million euros in the same period last year. Therefore, the company reiterated its financial guidance for the full year ending December 31, 2021, and revenue is expected to be between 22.5 million euros and 27.5 million euros.
Adhesive process chaos
Witnessed in 20213D printingWith the rapid development of the market, all major processes have been fully funded and many improvements have been made. In the first half of the year, the rapid development of ExOne formed a rivalry with Desktop Metal’s metal additive manufacturing business in terms of materials and equipment.The two companies announced breakthroughs in the aluminum 6061 process almost at the same time.In addition, ExOne also released a super large atmosphere controllable active metal adhesive3D printingmachine.
△Binder injection3D printingTechnology integration: Desktop Metal will acquire ExOne
However, Desktop Metal seems to be even better. In addition to aluminum 6061, it also introduced a 4041 steel adhesive process.. In addition, Desktop Metal also used capital operations to acquire ExOne, Won the battle.And this transaction also makes voxeljet the only independently operated sand mold.3D printingIn the field of adhesives, HP’s MJF process is also a very competitive process in the market. However, this is not the final situation in the field of adhesives, but just the beginning. As ExOne said before,Adhesive spray metal3D printingTechnology industrialization is a protracted war. From early technology research and development to industrialization, and future technological innovation, more new technologies, new materials and new processes will be born. The Antarctic Bear has always been looking forward to this and will continue to pay attention to this field!
(Editor in charge: admin)
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