ExOne Reports Results

ExOne Reports Results3D printer manufacturer ExOne, one of the very few publicly traded 3D printer companies, announced the results of their fourth quarter 2012 operations. The results look promising – but it’s not all good news.  
During the fourth quarter of 2012 the company received revenues of USD$12.7M, up 27% over the previous year. Some USD$900,000 in profit was made during that quarter as well. 
However, for the entire year 2012, ExOne reported a loss of USD$10.2M. It’s not all that bad, however, as revenue climbed 87.6% over 2011. 
Results such as these can be expected from the type of market ExOne addresses: big time manufacturers. In all of 2012, ExOne sold only thirteen machines. That may not sound like a lot, but each machine is worth hundreds of thousands of dollars. Dividing their USD$28.7M revenue by thirteen machines suggests ballpark revenue of around $2M each. It won’t take many sales to turn this ship. 
Via ExOne
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