voxeljet AG Reports Financial Results for the Third Quarter Ended September 30, 2019

voxeljet is a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers. The Company’s 3D printers employ a powder binding, additive manufacturing technology to produce parts using various material sets, which consist of particulate materials and proprietary chemical binding agents. The Company provides its 3D printers and on-demand parts services to industrial and commercial customers serving the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product end markets. For more information, visit http://www.voxeljet.de/en/.

Cautionary Statement on Forward-Looking Statements

This press release contains forward-looking statements concerning our business, operations and financial performance. Any statements that are not of historical facts may be deemed to be forward-looking statements. You can identify these forward-looking statements by words such as ‘‘believes,’’ ‘‘estimates,’’ ‘‘anticipates,’’ ‘‘expects,’’ ‘‘projects,’’ ‘‘plans,’’ ‘‘intends,’’ ‘‘may,’’ ‘‘could,’’ ‘‘might,’’ ‘‘will,’’ ‘‘should,’’ ‘‘aims,’’ or other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements include statements regarding our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations concerning, among other things, our results of operations, financial condition, business outlook, the industry in which we operate and the trends that may affect the industry or us. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that forward-looking statements are not guarantees of future performance. All of our forward-looking statements are subject to known and unknown risks, uncertainties and other factors that are in some cases beyond our control and that may cause our actual results to differ materially from our expectations, including those risks identified under the caption “Risk Factors” in the Company’s Annual Report on Form 20-F and in other reports the Company files with the U.S. Securities and Exchange Commission, as well as the risk that our revenues may fall short of the guidance we have provided in this press release. Except as required by law, the Company undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.

voxeljet AG

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

 

 

 

 

 

 

 

 

 

 

Notes

 

9/30/2019

 

12/31/2018(1)

 

 

 

 

 

(€ in thousands)

 

 

 

 

 

unaudited

 

 

 

Current assets

 

 

 

30,913

 

37,936

 

Cash and cash equivalents

 

7

 

6,573

 

7,402

 

Financial assets

 

7

 

6,408

 

12,905

 

Trade receivables

 

 

 

3,583

 

6,030

 

Inventories

 

4

 

13,002

 

10,064

 

Income tax receivables

 

 

 

49

 

13

 

Other assets

 

 

 

1,298

 

1,522

 

 

 

 

 

 

 

 

 

Non-current assets

 

 

 

33,355

 

31,416

 

Financial assets

 

7

 

2,147

 

2,234

 

Intangible assets

 

 

 

1,375

 

1,420

 

Property, plant and equipment

 

2, 5

 

29,757

 

27,675

 

Investments in joint venture

 

 

 

31

 

33

 

Other assets

 

 

 

45

 

54

 

 

 

 

 

 

 

 

 

Total assets

 

 

 

64,268

 

69,352

 

 

 

 

 

 

 

 

 

 

 

Notes

 

9/30/2019

 

12/31/2018 (1)

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

6,819

 

6,302

 

Trade payables

 

7

 

1,794

 

2,945

 

Contract liabilities

 

 

 

1,961

 

817

 

Financial liabilities

 

2, 7

 

1,360

 

850

 

Other liabilities and provisions

 

6

 

1,704

 

1,690

 

 

 

 

 

 

 

 

 

Non-current liabilities

 

 

 

20,275

 

16,575

 

Deferred tax liabilities

 

 

 

127

 

76

 

Financial liabilities

 

2, 7

 

19,964

 

16,321

 

Other liabilities and provisions

 

6

 

184

 

178

 

 

 

 

 

 

 

 

 

Equity

 

 

 

37,174

 

46,475

 

Subscribed capital

 

 

 

4,836

 

4,836

 

Capital reserves

 

 

 

87,908

 

86,803

 

Accumulated deficit

 

 

 

(56,851)

 

(46,400)

 

Accumulated other comprehensive income

 

 

 

1,196

 

1,201

 

Equity attributable to the owners of the company

 

 

 

37,089

 

46,440

 

Non controlling interest

 

 

 

85

 

35

 

Total equity and liabilities

 

 

 

64,268

 

69,352

 

See accompanying notes to unaudited condensed consolidated interim financial statements.

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