- Revenue grew 47% over prior-year third quarter to $13 million
- Year-to-date revenue up 37%, strong growth driven by indirect machine sales
- Backlog of $19.9 million at end of third quarter
NORTH HUNTINGDON, Pa., Nov. 09, 2016 (GLOBE NEWSWIRE) -- The ExOne Company (NASDAQ:XONE) (“ExOne” or “the Company”), a global provider of three-dimensional (“3D”) printing machines and 3D printed and other products, materials and services to industrial customers, reported financial results today for the third quarter and nine months ended September 30, 2016.
Jim McCarley, Chief Executive Officer, commented, “We’re pleased to see continued growth in the third quarter and year-to-date periods, with sales of more of our larger, indirect machines. Underlying this momentum are customers who are indicating that our S-Max® platform is setting the standard for industrial applications, evidencing growing adoption of our binder jetting technology.”
He added, “We have also made significant progress in 2016 with continued technological advances. The beta testing of our Exerial™ has not only resulted in enhancements to that machine but also improvements that we anticipate applying to our other indirect machine platforms to facilitate adoption. Furthermore, the strides we have made with finer powders for our direct machines are significantly broadening our addressable market for potential applications. Given customer feedback, we are confident that these investments will drive future results.”
Third Quarter and Year-to-date Revenue – Indirect Machine Sales Drive Results
| Quarter Ended | Nine Months Ended | |||||||||||||||||||||||||||
| September 30, | September 30, | |||||||||||||||||||||||||||
| (in millions) | 2016 | 2015 | 2016 | 2015 | ||||||||||||||||||||||||
| Revenue by Product Line | ||||||||||||||||||||||||||||
| 3D Printing Machines: | ||||||||||||||||||||||||||||
| 3D Printing Machines - third parties | $ | 6.5 | 50 | % | $ | 2.3 | 26 | % | $ | 13.5 | 41 | % | $ | 4.7 | 19 | % | ||||||||||||
| 3D Printing Machines - related parties | - | 0 | % | 0.1 | 1 | % | - | 0 | % | 1.2 | 5 | % | ||||||||||||||||
| 6.5 | 50 | % | 2.4 | 27 | % | 13.5 | 41 | % | 5.9 | 24 | % | |||||||||||||||||
| 3D Printed and Other Products, Materials and Services ("Non-machine"): | ||||||||||||||||||||||||||||
| 3D Printed and Other Products, Materials and Services - third parties | 6.5 | 50 | % | 6.5 | 73 | % | 19.6 | 59 | % | 18.2 | 76 | % | ||||||||||||||||
| 3D Printed and Other Products, Materials and Services - related parties | 0.0 | 0 | % | 0.0 | 0 | % | 0.1 | 0 | % | 0.1 | 0 | % | ||||||||||||||||
| 6.5 | 50 | % | 6.5 | 73 | % | 19.7 | 59 | % | 18.3 | 76 | % | |||||||||||||||||
| Total Revenue | $ | 13.0 | 100 | % | $ | 8.9 | 100 | % | $ | 33.2 | 100 | % | $ | 24.2 | 100 | % | ||||||||||||
