On 24 Jan 2020, voxeljet AG stock determined change of 28.95% away from 52-week low rate and recently situated move of -19.98% off 52-week high rate. It has market worth of $47.82 M and dividend yield of # ref. VJET stock has been taped -5.28% away from 50 day moving average and 1.79% away from 200 day moving average. Moving better, we can see that shares have actually been trading -4.01% off 20-day moving average.
voxeljet AG (VJET) just recently reported combined monetary results for the third quarter ended September 30, 2019.
On 24 Jan 2020, voxeljet AG stock determined change of 28.95% away from 52-week low cost and just recently located move of -19.98% off 52-week high price. VJET stock has been recorded -5.28% away from 50 day moving average and 1.79% away from 200 day moving average. Revenues from our Systems area, which focuses on the development, production and sale of 3D printers, decreased 56.3% to kEUR 1,636 in the third quarter of 2019 from kEUR 3,744 in last years third quarter. Systems earnings represented 36.9% of total profits in the third quarter of 2019 contrast to 52.6% in last years third quarter.
Gross revenue margin for this section decreased to 21.8% in the third quarter of 2019 contrast to 32.0% in the third quarter of 2018.
Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented, “At voxeljet, it is our mission to establish brand-new manufacturing requirements. For metal parts, we have presented VJET X last year and we are working on a project for a prominent German automobile OEM. For functional plastic parts, we are thrilled to launch our brand-new HSS-X 1000 3D printer at next weeks form next program. At the program in Frankfurt, we will present a model version of the HSS-X 1000 for series production of sports equipment, durable goods & & electronics, for mobility & & transport and comparable end user markets. Our company believe this new 3D printer possesses a six times higher build volume than 3D printers from our closest rivals. In brief, we continue to innovate and are very delighted about the opportunities ahead.”
3rd Quarter 2019 Results
Profits for the 3rd quarter of 2019 minimized by 37.7% to kEUR 4,436 contrast to kEUR 7,121 in the 3rd quarter of 2018.
Earnings from our Systems area, which focuses on the development, production and sale of 3D printers, minimized 56.3% to kEUR 1,636 in the 3rd quarter of 2019 from kEUR 3,744 in 2015s third quarter. The Company delivered three new 3D printers in the third quarter of 2019 in addition to in 2015s 3rd quarter. In the third quarter of 2019, the Company sold smaller sized printers contrast to bigger platforms in the comparative duration last year, which resulted in notably lower incomes. Systems earnings also include all Systems-related earnings from consumables, extra parts and maintenance. Those Systems-related incomes increased in the third quarter year over year, which reflects the greater set up base of 3D printers in the market and the associated growth in aftersales activities. Systems incomes represented 36.9% of total incomes in the third quarter of 2019 contrast to 52.6% in last years 3rd quarter.
Revenues from our Services section, which focuses on the printing of on-demand parts for our customers, lowered 17.1% to kEUR 2,800 in the third quarter of 2019 from kEUR 3,377 in the relative duration of 2018. This was primarily Because of lower profits contributions from the German operation. Incomes from the German operation reflected the slight downturn of the economy in Western Europe, mainly related to the vehicle market. Revenue contributions from our subsidiary voxeljet America Inc. (” voxeljet America”) likewise decreased mainly Because of fewer orders put under a volume contract which started in July 2018. This was partly offset by greater revenue contribution from voxeljet China Co. Ltd. (” voxeljet China”), generally Because of a growing market penetration in the region, which is accompanied by a bigger consumer base. Incomes from voxeljet UK Ltd. (” voxeljet UK”) a little increased.
Expense of sales was kEUR 3,571 for the third quarter of 2019 contrast to kEUR 4,810 for the third quarter of 2018.
Gross profit and gross revenue margin were kEUR 865 and 19.5%, respectively, in the 3rd quarter of 2019 contrast to kEUR 2,311 and 32.5% in the third quarter of 2018.
Gross profit for our Systems section minimized to kEUR 357 in the 3rd quarter of 2019 from kEUR 1,197 in the third quarter of 2018. Gross revenue margin for this area decreased to 21.8% in the 3rd quarter of 2019 contrast to 32.0% in the 3rd quarter of 2018.
voxeljet AG observed change of -0.51% to $1.96 along volume of 26676 shares in recent session compared to an average volume of 68.9 K. VJETs shares are at -3.92% for the quarter and driving a -6.67% return throughout the previous year and is now at -4.39% considering that this point in 2018.