voxeljet AG Reports Financial Results for the Second Quarter Ended June 30, 2022

The respective expected volatility has been based on an evaluation of the historical volatility of the Company’s share price as of the grant date. As of June 30, 2022 353,400 options are exercisable and 353,400 options are outstanding. The weighted-average contractual life of the options at June 30, 2022 amounts to 5.0 years (June 30, 2021: 6.0 years).

The expenses recognized in the profit and loss statement in relation to the share-based payment arrangements amounted to kEUR 5 in the three months and kEUR 49 in the six months ended June 30, 2022 (three months and six months ended June 30, 2021: kEUR 52 and kEUR 218, respectively).

4. Inventories

 

 

 

 

 

 

 

6/30/2022

 

12/31/2021

 

 

(€ in thousands)

Raw materials and merchandise

 

3,616

 

2,978

Work in progress

 

8,511

 

6,504

Total

 

12,127

 

9,482

In the six months ended June 30, 2022, voxeljet recognized a reserve for slow-moving inventory for raw materials and merchandise as well as work in progress amounting to kEUR 334, following the Company’s inventory reserve policy for inventory (six months ended June 30, 2021: kEUR 57).

5. Property, plant and equipment, net

 

 

 

 

 

 

 

6/30/2022

 

12/31/2021

 

 

(€ in thousands)

Land, buildings and leasehold improvements

 

17,488

 

18,048

Plant and machinery

 

4,577

 

4,329

Other facilities, factory and office equipment

 

809

 

894

Assets under construction and prepayments made

 

568

 

448

Total

 

23,442

 

23,719

Thereof pledged assets of Property, Plant and Equipment

 

11,984

 

12,261

In March 2020, voxeljet registered a first rank land charge amounting to kEUR 10,000 on its land and facility located in Friedberg, Germany as collateral in favor of the EIB related to the loan under the Finance Contract. This pledge will be removed within the closing process of sale and leaseback transaction by notary, which was initiated on August 11, 2022. On closing of sale and leaseback transaction, the land and buildings will be transferred to the investor. For further information, refer subsequent event section.

6. Other liabilities and provisions

 

 

 

 

 

 

 

6/30/2022

 

12/31/2021

 

 

(€ in thousands)

Accruals for vacation and overtime

 

469

 

230

Liabilities from payroll

 

401

 

255

Employee bonus

 

302

 

512

Accruals for management compensation

 

182

 

83

Accrual for warranty

 

168

 

292

Accruals for commissions

 

121

 

298

Accruals for compensation of Supervisory board

 

90

 

180

Liabilities from VAT

 

41

 

50

Accruals for licenses

 

23

 

92

Others

 

115

 

116

Total

 

1,912

 

2,108


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