EXONE REPORTS Q2 AND H1 2019 FINANCIAL RESULTS DRIVEN BY MACHINE REVUE

3D Printing Industry | 8/13/2019 | Anas Essop
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Click For Photo: https://3dprintingindustry.com/wp-content/uploads/2019/07/ExOne_Gifa_JPG.jpg

Additive manufacturing system OEM ExOne (NASDAQ: XONE) has announced financial results for the second quarter and first half of fiscal 2019.

Consolidated revenue for the three months ended June 30, 2019 was reported at $15.3 million, an increase of 41 percent compared to the same period in 2018, which was $10.8 million. The total revenue for the six months ended June 30, 2019 was reported at $24.9 million, compared to $22.7 million in H1 2018, demonstrating a 9 percent increase.

Results - John - Hartner - ExOne - Chief

On the results, John Hartner, ExOne’s Chief Executive Officer, stated, “We are pleased with the significant progress we are making – from a technological, commercial and financial standpoint.”

The reported Q2 2019 revenue is a record level for a second quarter for ExOne. Machine revenue has been credited as the main driver behind the growth, accounting for 60 percent of the consolidated revenue total, compared to 30 percent in Q2 2018. Hartner added;

WE - REACHED - A - MILESTONE - FOR

“WE REACHED A MILESTONE FOR EXONE THIS QUARTER, REPORTING RECORD-SETTING SECOND QUARTER REVENUE AND GROSS PROFIT LEVELS, IN SPITE OF RECENT UNFAVORABLE MACROECONOMIC FACTORS.”

Founded in 2005, ExOne has garnered over 10 years of experience in additive manufacturing. The company develops binder jet 3D printing systems for both metal and sand materials, intended for use in research and for end use production of parts and castings. ExOne also provides various sand and metal materials alongside its machine offerings, including qualified 316L stainless steel and silica sand.

Hartner - CEO - ExOne - Company - Board

Hartner was appointed CEO of ExOne by the company’s Board of Directors in May 2019, taking over from S. Kent Rockwell, who retains the role of Chairman of the Board of Directors. Hartner initially joined the company as COO in November 2018.

In June 2019, ExOne announced the launch of its new industrial 3D sand printer, the S-Max Pro, at the 2019 GIFA International...
(Excerpt) Read more at: 3D Printing Industry
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