voxeljet AG Reports Financial Results for the Third Quarter Ended September 30, 2023

About voxeljet

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 (UNAUDITED)

 

 

 

 

 

 

 

 

 

Notes

 

9/30/2023

 

12/31/2022

 

 

 

 

(€ in thousands)

 

 

 

 

unaudited

 

 

Current assets

 

 

 

31,543

 

35,481

Cash and cash equivalents

 

7

 

4,968

 

12,119

Other financial assets

 

7

 

4,889

 

2,047

Trade receivables, net

 

7

 

4,753

 

6,165

Inventories

 

4

 

13,736

 

11,136

Income tax receivables

 

 

 

46

 

23

Other assets

 

 

 

3,151

 

3,991

 

 

 

 

 

 

 

Non-current assets

 

 

 

17,724

 

19,639

Other financial assets

 

7

 

4

 

944

Intangible assets

 

 

 

826

 

819

Property, plant and equipment

 

5

 

16,843

 

17,799

Other assets

 

 

 

51

 

77

 

 

 

 

 

 

 

Total assets

 

 

 

49,267

 

55,120

 

 

 

 

 

 

 

 

 

Notes

 

9/30/2023

 

12/31/2022

 

 

 

 

(€ in thousands)

Current liabilities

 

 

 

12,565

 

11,182

Trade payables

 

7

 

2,426

 

2,683

Contract liabilities

 

 

 

7,053

 

4,877

Other financial liabilities

 

7

 

945

 

1,161

Other liabilities and provisions

 

6

 

2,141

 

2,461

 

 

 

 

 

 

 

Non-current liabilities

 

 

 

22,122

 

19,216

Contract liabilities

 

 

 

220

 

281

Other financial liabilities

 

7

 

21,701

 

18,743

Other liabilities and provisions

 

6

 

201

 

192

 

 

 

 

 

 

 

Equity

 

 

 

14,580

 

24,722

Subscribed capital

 

 

 

9,135

 

9,135

Capital reserves

 

 

 

113,098

 

112,996

Accumulated deficit

 

 

 

(107,236)

 

(97,240)

Accumulated other comprehensive income (loss)

 

 

 

(641)

 

(464)

Equity attributable to the owners of the company

 

 

 

14,356

 

24,427

Non-controlling interest

 

 

 

224

 

295

Total equity and liabilities

 

 

 

49,267

 

55,120

See accompanying notes to unaudited condensed consolidated interim financial statements.

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