Aankondiging • Jul 04
voxeljet AG announced that it expects to receive €3.5 million in funding voxeljet AG announced a private placement of a promissory note for gross proceeds of €5 million on June 3, 2025. The transaction will include participation from returning lender Anzu Partners, LLC. The debt waiver will be composed of EUR 500,000 to be waived in 2025 and EUR 1,500,000 in each of 2026 and 2027. The annual interest rate will be reduced to 3% p.a. from July 2026 onwards. No interest payments are due until after June 30, 2026. The plan also stipulates that the promissory note loans will only become due for repayment on January 2, 2031 Aankondiging • Dec 04
An unknown funds managed by Anzu Partners, LLC entered into an agreement to acquire Entire business of voxeljet for an enterprise value of approximately €20 million. An unknown funds managed by Anzu Partners, LLC entered into an agreement to acquire Entire business of voxeljet for an enterprise value of approximately €20 million on December 3, 2024. The agreed purchase price is based on an enterprise value of approximately €20.03 million. The purchase price will be paid through the assumption of voxeljet’s liabilities and the payment of a cash component of approximately €1.7 million. The purchase price is subject to customary adjustments as of the closing date. The purchase agreement provides for a “go-shop” period that will expire at the lapse of January 12, 2025, which permits voxeljet to actively initiate, solicit and consider alternative acquisition proposals from third parties. In the event of a superior proposal, voxeljet has the right to terminate the purchase agreement to enter into the superior proposal in accordance with the conditions set out in the purchase agreement. voxeljet will solicit third-parties and any third-parties interested in acquiring voxeljet may contact the company using the contact details provided below. Subject to the review of oers from other potential interested parties during the agreed go-shop period, the management board and supervisory board of voxeljet intend to propose to the shareholders that they approve the transaction. Simultaneously with the resolution on the transaction voxeljet’s shareholders shall also decide on the liquidation of the company which shall occur following the successful closing of the transaction. The closing of the transaction is expected to occur in March or April 2025. The purchase agreement is subject to customary closing conditions, including the approval of voxeljet’s General Meeting and foreign investment clearance in Germany. The General Meeting of voxeljet is expected to take place in the rst quarter of 2025.
Morrison & Foerster LLP is serving as Anzu’s legal counsel. Hogan Lovells International LLP is serving as voxeljet’s legal counsel. BNP Paribas acted as financial advisor to voxeljet. Aankondiging • Nov 05
Voxeljet Ag Revises Revenue Guidance for the Full Year 2024 voxeljet AG revised revenue guidance for the full year 2024. Full year revenue is now expected to be between EUR 30.0 million and EUR 32.0 million (lowered from EUR 32.5 million and EUR 33.5 million). Aankondiging • Apr 02
voxeljet AG Files Form 15 voxeljet AG has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its American Depositary Shares, each representing one ordinary share, nominal value €1.00 per share under the Securities Exchange Act of 1934, as amended. Aankondiging • Mar 14
Voxeljet Announces Plan to Voluntarily Delist Its ADSs from Nasdaq voxeljet AG ("Company") announced its plan to voluntarily delist its ADSs from The Nasdaq Stock Market LLC ("NASDAQ") and to terminate the registration of its ADSs with the U.S. Securities and Exchange Commission ("SEC"). The Company is taking these steps in order to reduce expenses and thereby to further strengthen its financial position. The Company has concluded that the benefits associated with a NASDAQ listing do not justify the costs and demands on management's time necessary to comply with SEC requirements. Consequently, the Company intends to start the process to delist the Company's shares from NASDAQ. After the NASDAQ delisting becomes effective, the Company intends to promptly initiate the process for suspending its reporting obligations under the Securities Exchange Act of 1934, as amended ("Exchange Act"). The Company intends to file a Form 25 with the SEC to effect the voluntary withdrawal of the listing of its ADSs from NASDAQ on or about March 22, 2024. Following the effectiveness of the Form 25, the Company intends to file with the SEC a Form 15 to deregister the Company's ADSs under the Exchange Act after which the Company will no longer have any reporting obligations under Sections 13(a) and 15(d) of the Exchange Act, including Forms 20-F and 6-K. The Company anticipates that the deregistration of its ADSs under the Exchange Act will become effective on or about April 1, 2024. New Risk • Mar 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 16% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$9.09m market cap). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). New Risk • Jan 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.77m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (US$9.77m market cap). Minor Risks Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Aankondiging • Jan 23
voxeljet AG announced that it has received $3.2 million in funding from Anzu Partners, LLC voxeljet AG announced a private placement of a promissory note for gross proceeds of $3,200,000 in January 2024. The transaction included participation from new lender Anzu Industrial Capital Partners III, L.P.; a fund managed by Anzu Partners, LLC. The note will mature on January 3, 2028, and includes interest payable monthly at a rate of 3% per annum. The note was issued at par. A one-time interest payment equal to the above principal amount of $3,200,000 is required to be paid upon maturity or at time of prepayment. Reported Earnings • Nov 19
Third quarter 2023 earnings released: €0.34 loss per share (vs €1.23 loss in 3Q 2022) Third quarter 2023 results: €0.34 loss per share (improved from €1.23 loss in 3Q 2022). Revenue: €6.17m (up 7.5% from 3Q 2022). Net loss: €3.15m (loss narrowed 64% from 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Aankondiging • Nov 18
voxeljet AG Revises Revenue Guidance for the Full Year Ending December 31, 2023 voxeljet AG revised revenue guidance for the full year ending December 31, 2023. Full year revenue is expected to be in the range of EUR 29,000,000 to EUR 32,500,000 (range is refined to the upper end of its earlier guidance). Aankondiging • Nov 17
voxeljet AG Provides Revenue Guidance for the Fourth Quarter Ending December 31, 2023 voxeljet AG provided revenue guidance for the fourth quarter ending December 31, 2023. Revenue guidance for the fourth quarter of 2023 is expected to be in the range of EUR 10,000,000 to EUR 13,500,000. Aankondiging • Nov 03
voxeljet AG to Report Q3, 2023 Results on Nov 16, 2023 voxeljet AG announced that they will report Q3, 2023 results After-Market on Nov 16, 2023 Aankondiging • Oct 26
voxeljet AG and Loramendi Demonstrate the Automated Additive Serial 3D Production Line for Sand Cores voxeljet AG and Loramendi demonstrate the world's first fully automated additive serial 3D production line for sand cores, jointly developed as part of the Industrialization of Core Printing (ICP) cooperation project. A new video released features the implementation of the first ICP production line at BMW Group's plant in Landshut, Germany. As BMW Group's component plant, Landshut has approximately 3,500 employees and supplies all of its vehicle and engine plants worldwide, including for nearly all BMW, MINI and Rolls-Royce vehicles, and for its motorcycle brand, BMW Motorrad. The customized, low-emissions solution integrates voxeljet's high-speed VX1300-X (VJET-X) 3D printers into a fully automated pre- and post-processing workflow, including industrial microwaves for curing the 3D printed cores. Printing rates were increased by factor ten with the latest generation of VJET-X 3D printers, and the toolless design of the sand cores allowed for variant changes at unprecedented speed without time-consuming tool changes and production downtime. The unused material is 100% recycled and reused in the production process. For example, the cylinder head for BMW's B48 engine has been significantly improved by using 3D printing to produce water jacket - outlet combi cores. Additionally, 3D printing allows BMW to produce sand cores in one piece, reducing the complex design of engine components while optimizing the engine's efficiency and fuel consumption. The inorganic 3D production line also significantly reduces the foundry's emissions, as only water steam is produced during the casting process. voxeljet's powerful next-generation binder jetting 3D printing technology offers the highest additive productivity and throughput to meet the demands of BMW's large-scale production needs. voxeljet's layer-by-layer technology works by using sand and an inorganic binder. A print head selectively bonds layers of sand to create the cores, which are then unpacked, microwave cured, cleaned and inspected before being fed into BMW's established casting process. voxelJet has obtained one patent and has ten patent families with 28 patent applications that protect this proprietary approach across the United States, Europe, and other geographies. New Risk • Oct 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€9.0m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (US$12.6m market cap). New Risk • Aug 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€9.0m free cash flow). Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (30% increase in shares outstanding). Market cap is less than US$100m (US$10.5m market cap). Reported Earnings • Aug 18
Second quarter 2023 earnings released: €0.40 loss per share (vs €0.26 loss in 2Q 2022) Second quarter 2023 results: €0.40 loss per share (further deteriorated from €0.26 loss in 2Q 2022). Revenue: €6.84m (up 2.2% from 2Q 2022). Net loss: €3.63m (loss widened 99% from 2Q 2022). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Aankondiging • Aug 18
voxeljet AG Provides Earnings Guidance for the Third Quarter and Reaffirms Earnings Guidance for the Full Year Ending December 31, 2023 voxeljet AG provided earnings guidance for the third quarter and reaffirmed earnings guidance for the full year ending December 31, 2023. For the third quarter, the company's revenue guidance is expected to be in the range of EUR 4,750,000 to EUR 7,000,000. For the full year ending December 31, 2023, the company's revenue is expected to be in the range of EUR 27,500,000 to EUR 32,500,000. Aankondiging • Aug 04
voxeljet AG to Report Q2, 2023 Results on Aug 17, 2023 voxeljet AG announced that they will report Q2, 2023 results After-Market on Aug 17, 2023 Aankondiging • Jun 30
voxeljet AG Presents Groundbreaking Cold IOB 3D Printing Technology at GIFA 2023 voxeljet AG presented a innovation at the renowned GIFA 2023 trade show: the new cold IOB (Inorganic Binding) 3D printing technology. With this unique process, molds and cores for the foundry industry can be produced from sand and an inorganic binder without the need for microwave treatment. For voxeljet, this year's GIFA was all about inorganics. In addition to the joint project ICP (Industrialization of Core Printing) with Loramendi for BMW, the Bavarian company also presented a new, patent-pending, cold-curing inorganic process technology (cold IOB). The ICP project involves a fully automated, manufacturing cell in operation at BMW's light metal foundry in Landshut. Within this manufacturing cell, casting cores are printed with inorganic binders and then cured using a microwave. Consequently, it is a warm process technology. The new cold IOB technology does not require a microwave curing and is thus characterized by lower investment and operating costs. The use of IOB technologies opens up numerous advantages for the foundry industry, e.g. only water vapor is produced during casting instead of harmful gases. The features of the cold IOB process technology and molds and cores produced with it include high dimensional accuracy, very good detail resolution and edge sharpness, and the ability to 3D print large molds and cores. Unlike warm IOB processes, which require printed cores to be cured and dried using a microwave, voxeljet's cold IOB technology only requires drying after printing, which takes place outside the machine. Customers thus avoid high investment and operating costs for industrial microwaves. The process can basically be used on all voxeljet platforms. It is currently being tested and offered on the VX1000 and VX1000S printers. An expansion of the offering to the VX2000 is planned soon. The use of inorganic binder in the foundry industry, especially in the automotive sector, is gaining popularity. In view of increasing environmental regulations, demand for inorganic-bonded molds and cores is expected to rise continuously. voxeljet is committed to expanding its leading role in the field of environmentally compatible 3D printing processes and to making a significant contribution to the sales growth of the voxeljet Group through this strategic orientation. The cold IOB technology is particularly suitable for prototyping and medium series sizes and is now commercially available. Interested customers already can order benchmarks. Reported Earnings • May 19
First quarter 2023 earnings released: €0.35 loss per share (vs €0.098 loss in 1Q 2022) First quarter 2023 results: €0.35 loss per share (further deteriorated from €0.098 loss in 1Q 2022). Revenue: €6.02m (up 30% from 1Q 2022). Net loss: €3.22m (loss widened 368% from 1Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Aankondiging • May 18
voxeljet AG Provides Earnings Guidance for the Second Quarter of 2023 and Full Year Ending December 31, 2023 voxeljet AG provided earnings guidance for the second quarter of 2023 and full year ending December 31, 2023. Revenue guidance for the second quarter of 2023 is expected to be in the range of €4,250,000 to €5,750,000.The company reaffirms guidance for the full year ending December 31, 2023: Full year revenue is expected to be in the range of €27,500,000 to €32,500,000. Reported Earnings • Apr 02
Full year 2022 earnings released: €1.53 loss per share (vs €1.67 loss in FY 2021) Full year 2022 results: €1.53 loss per share. Revenue: €27.8m (up 12% from FY 2021). Net loss: €11.3m (loss widened 7.2% from FY 2021). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Machinery industry in the US. Price Target Changed • Nov 19
Price target decreased to US$8.38 Down from US$9.38, the current price target is an average from 2 analysts. New target price is 171% above last closing price of US$3.09. Stock is down 60% over the past year. The company posted a net loss per share of €1.67 last year. Price Target Changed • Nov 16
Price target increased to US$9.38 Up from US$8.25, the current price target is an average from 2 analysts. New target price is 189% above last closing price of US$3.24. Stock is down 61% over the past year. The company posted a net loss per share of €1.67 last year. Reported Earnings • Aug 19
Second quarter 2022 earnings released: €0.26 loss per share (vs €0.41 loss in 2Q 2021) Second quarter 2022 results: €0.26 loss per share (up from €0.41 loss in 2Q 2021). Revenue: €6.69m (up 35% from 2Q 2021). Net loss: €1.82m (loss narrowed 25% from 2Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • May 21
First quarter 2022 earnings released: EPS: €0 (vs €1.51 loss in 1Q 2021) First quarter 2022 results: EPS: €0 (up from €1.51 loss in 1Q 2021). Revenue: €4.64m (up 14% from 1Q 2021). Net loss: €688.0k (loss narrowed 92% from 1Q 2021). Over the next year, revenue is forecast to grow 18%, compared to a 55% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to US$11.50 Down from US$14.50, the current price target is an average from 2 analysts. New target price is 164% above last closing price of US$4.36. Stock is down 72% over the past year. The company posted a net loss per share of €1.67 last year. Reported Earnings • Apr 02
Full year 2021 earnings released: €1.67 loss per share (vs €3.17 loss in FY 2020) Full year 2021 results: €1.67 loss per share (up from €3.17 loss in FY 2020). Revenue: €24.8m (up 15% from FY 2020). Net loss: €10.5m (loss narrowed 32% from FY 2020). Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 14
Third quarter 2021 earnings released: €0.12 loss per share (vs €0.82 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses and improved control over expenses, although revenues were flat. Third quarter 2021 results: Revenue: €4.94m (flat on 3Q 2020). Net loss: €785.0k (loss narrowed 80% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 12% per year. Reported Earnings • Aug 14
Second quarter 2021 earnings released: €0.41 loss per share (vs €1.06 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €4.94m (up 26% from 2Q 2020). Net loss: €2.42m (loss narrowed 53% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 20% per year. Price Target Changed • Aug 14
Price target decreased to US$22.50 Down from US$25.00, the current price target is an average from 2 analysts. New target price is 165% above last closing price of US$8.49. Stock is up 48% over the past year. Reported Earnings • May 16
First quarter 2021 earnings released: €1.51 loss per share (vs €0.53 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: €4.06m (up 4.5% from 1Q 2020). Net loss: €8.30m (loss widened 225% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 03
Full year 2020 earnings released: €3.17 loss per share (vs €2.84 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: €21.6m (down 12% from FY 2019). Net loss: €15.3m (loss widened 12% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 23
New 90-day high: US$17.94 The company is up 77% from its price of US$10.15 on 23 October 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: US$13.50 The company is up 39% from its price of US$9.69 on 09 October 2020. The American market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 17
New 90-day high: US$10.50 The company is up 107% from its price of US$5.06 on 19 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: €0.82 loss per share The company reported a solid third quarter result with improved revenues and control over expenses, though losses increased. Third quarter 2020 results: Revenue: €4.91m (up 11% from 3Q 2019). Net loss: €3.96m (loss widened 2.8% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 03
New 90-day high: US$9.66 The company is up 33% from its price of US$7.25 on 02 July 2020. The American market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 12% over the same period.