Voxeljet AG (NASDAQ: VJET), a provider of high-speed, large-format 3D printers and on-demand parts services, closed its Voxeljet FY 2021 with revenues of €24.826 million, up 15% from €21.567 in the previous fiscal year.
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Among other highlights, total revenues for the fourth quarter increased 22.9% to €10.885 million from €8.859 million. The total gross profit margin for the fourth quarter slightly decreased from 33.6% to 32.7%. Systems revenues for the fourth quarter increased 26.5% to €8.470 million from €6.695 million. Services revenues for the fourth quarter increased 11.6% to €2.415 from €2.164.
Revenue for full-year 2022 is now expected to be between €25 million and €30 million. These are altogether excellent results for the german sand binder jetting and HSS company which has gone through a bit of a rough patch in previous years, with the global manufacturing industry and wall street analysts failing to fully comprehend its technology’s huge potential.
Dr. Ingo Ederer, Chief Executive Officer of voxeljet, commented: “We ended 2021 with a number of notable achievements that underscore the growing demand across our product portfolio, increasing market dynamics and greater recognition of voxeljet’s leading 3D printing technology for industrial applications. In September 2021 we announced that, together with GE Renewables, we plan to develop the world’s largest binder jet 3D printer for the production of critical components for next-generation wind turbines, called Haliade-X. In the fourth quarter, we announced that Brose, a leading global supplier to the electric car industry, is the first client in the beta program for our new, large High Speed Sintering 3D printer.
We also announced a partnership in the fourth quarter with Covestro, a billion-dollar chemical company, to advance additive manufacturing in series production. Last but not least we received the final acceptance of the first VJET X units from our partner in the fourth quarter, related to the project with a leading German automotive manufacturer. The VJET X is a new 3D printer with extreme performance for high volume, industrial applications. Overall, the fourth quarter 2021 was a record sales quarter for our company and we are pleased that this momentum has continued in the first months of the new year.”
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