Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
|---|
| In combination with an order backlog for 15 3D printers worth around EUR11.8 million, this makes us very optimistic |
| With the continued high demand for our products and the cost savings, we believe we are well on track on our path towards profitable growth |
| Our business continues to perform well, and we are targeting the higher end of our full year sales guidance for 2023 |
| Overall, our operational business is developing well |
| And as I said, on a full year basis, we want to be EBITDA positive in 2025, and that amplifies or the assumption there is that we again grow by 15% to 20% and as well see a better cost structure |
| We see a good increase in all material sets, and we are quite confident for 2024 and 2025 based on what we have in the pipeline |
| Binder-jetting is especially well suited for high-volume manufacturing because of its potential to scale |
| In Services, our on-demand 3D printing segment, we saw another very robust quarter with continued high demand for our products |
| For the first nine months of this year, Systems revenue increased by an impressive 37% |
| Order backlog for 3D printers continues to grow throughout the year and in combination with the 37% increase in systems revenue for the first nine months, that is an excellent result |
| We are confident that we can benefit from the development very soon |
| Today, we provide our customers a strategic competitive advantage by upgrading the existing production methods to additive manufacturing solutions |
| It will boost cost-effective domestic production of large metal components in alignment with the Biden administration's clean power generation strategy |
| Current capacity utilization and order inflow is robust, and we believe that this forward momentum may well make the fourth quarter of this year, our best quarter to date |
| Slide 12 highlights recent improvements in the performance of our binder-jetting technology |
| That is a great achievement |
| Our products are, I would say, well accepted in the market |
| We are making good progress with the -- with printing flexible materials like TPU on larger printers as well and you can see some pictures on the left side of the slide |
| For the first nine months of this year, revenue from our Systems segment increased by impressive 36.7% as compared to the same period last year |
| The company's clients include well-known industrial companies from a wide range of industries with our VX1000 HSS, they are expanding their production capacity with a powerful 3D printer that offers both low cost per part and unprecedented volume |
| We are happy with the revenue for the third quarter coming in at the high end of our guidance corridor |
| So we definitely see a better EBITDA number |
| We are confident that additive manufacturing and especially our large-scale binder-jetting technology is the optimal and perhaps also the only choice for the manufacturing of such parts efficiently |
| As you can see, we have reached an established position in all major markets in Europe, USA as well as in Asia |
| That is an efficient and easy way for our customers to understand new business opportunities in 3D printing |
| We differentiate ourselves from our competitors by superior build size, mature diversity and speed |
| Key advantages include high economics of scale, no need for certification and no limitations regarding the size of the part and the alloy use |
| We were one of the first companies to recognize the potential of this technology in industrial applications and have continued to develop this advantage |
| The recurring portion of revenue is also growing as the installed base of our 3D printers expand |
| Everyone here at voxeljet is fully committed and fully focused on making the fourth quarter of this year our best quarterly result to date |
| Statement |
|---|
| Gross profit margin in the Services segment decreased 30% from 33% in the third quarter 2022 |
| Overall, revenue from our German and Chinese service centers was slightly below the very successful third quarter last year |
| Gross profit margin in the quarter slightly decreased to 26.8% from 28.7% in the third year last quarter |
| In Services, Germany and China contributed lower gross margin as compared to the third quarter of the previous year as a result of slightly lower utilization rate |
| Services gross profit margin decreased to 29.6% in the third quarter of 2023 from 32.8% in the same quarter 2022 |
| On Slide 26, Services revenue decreased 8.2% to EUR2.8 million in the third quarter 2023 compared to EUR3.0 million in the same last quarter last year |
| We lowered full year capital expenditure guidance corridor from previously EUR3.75 million to 4.25 million to between EUR1.5 million and EUR1.75 million |
| Gross profit margin from the sale of 3D printers was lower as a result of a less favorable product mix |
| The lower margin was the result of lower utilization of our German and Chinese 3D printing center |
| We lowered full year research and development expenses guidance corridor from previously EUR7.5 million to EUR8.5 million to between EUR6.75 million to EUR7 million |
| In Systems gross profit margin from the sale of 3D printers decreased as a result of less favorable product mix |
| This was mainly related to a lower utilization of our German and Chinese service centers |
| As a result, net loss for the quarter was EUR3.2 million or EUR0.35 per ADS compared to a net loss of EUR8.7 million or EUR1.23 in the period prior year same quarter |
| Operating loss was EUR2.8 million in the third quarter of 2023 compared to an operating loss of EUR2.5 million in the comparative period in 2022 |
| In 2024, we're definitely targeting in the second half of this year being either EBITDA neutral or slightly negative |
| Forward-looking statements are also subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed |
| Therefore, we are lowering our non-essential spend across the company |
| Rudolf Franz So our impression is that the interest in our products increased |
| Because of very limited economies of scale, the cost per part in direct metal printing are simply too high compared to the combination of 3D printing and metal casting |
| And then I'm curious with your successes at BMW, we've talked about this |
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