voxeljet AG Reports Financial Results for the Second Quarter Ended June 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

 

6/30/2023

 

12/31/2022

 

 

 

 

(€ in thousands)

 

 

 

 

 

 

 

Current assets

 

 

 

33,985

 

35,481

Cash and cash equivalents

 

7

 

7,181

 

12,119

Other financial assets

 

7

 

4,832

 

2,047

Trade receivables

 

7

 

5,758

 

6,165

Inventories

 

4

 

12,978

 

11,136

Income tax receivables

 

 

 

39

 

23

Other assets

 

 

 

3,197

 

3,991

 

 

 

 

 

 

 

Non-current assets

 

 

 

17,912

 

19,639

Other financial assets

 

7

 

4

 

944

Intangible assets

 

 

 

857

 

819

Property, plant and equipment

 

5

 

16,992

 

17,799

Other assets

 

 

 

59

 

77

 

 

 

 

 

 

 

Total assets

 

 

 

51,897

 

55,120

 

 

 

 

 

 

 

 

 

Notes

 

6/30/2023

 

12/31/2022

 

 

 

 

(€ in thousands)

Current liabilities

 

 

 

11,949

 

11,182

Trade payables

 

7

 

1,994

 

2,683

Contract liabilities

 

 

 

6,574

 

4,877

Other financial liabilities

 

7

 

1,037

 

1,161

Other liabilities and provisions

 

6

 

2,344

 

2,461

 

 

 

 

 

 

 

Non-current liabilities

 

 

 

22,163

 

19,216

Contract liabilities

 

 

 

296

 

281

Other financial liabilities

 

7

 

21,579

 

18,743

Other liabilities and provisions

 

6

 

288

 

192

 

 

 

 

 

 

 

Equity

 

 

 

17,785

 

24,722

Subscribed capital

 

 

 

9,135

 

9,135

Capital reserves

 

 

 

113,071

 

112,996

Accumulated deficit

 

 

 

(104,089)

 

(97,240)

Accumulated other comprehensive income (loss)

 

 

 

(588)

 

(464)

Equity attributable to the owners of the company

 

 

 

17,529

 

24,427

Non-controlling interest

 

 

 

256

 

295

Total equity and liabilities

 

 

 

51,897

 

55,120

See accompanying notes to unaudited condensed consolidated interim financial statements.

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