voxeljet AG Reports Financial Results for the Fourth Quarter and Full Year Ended December 31, 2020

About voxeljet

voxeljet is a provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers. The Company’s 3D printers employ a powder binding, additive manufacturing technology to produce parts using various material sets, which consist of particulate materials and proprietary chemical binding agents. The Company provides its 3D printers and on-demand parts services to industrial and commercial customers serving the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product end markets. For more information, visit http://www.voxeljet.de/en/.

Cautionary Statement on Forward-Looking Statements

This press release contains forward-looking statements concerning our business, operations and financial performance. Any statements that are not of historical facts may be deemed to be forward-looking statements. You can identify these forward-looking statements by words such as ‘‘believes,’’ ‘‘estimates,’’ ‘‘anticipates,’’ “projects”, ‘‘expects,’’ ‘‘plans,’’ ‘‘intends,’’ ‘‘may,’’ ‘‘could,’’ ‘‘might,’’ ‘‘will,’’ ‘‘should,’’ ‘‘aims,’’ or other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements include statements regarding our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations concerning, among other things, our results of operations, financial condition, business outlook, the industry in which we operate and the trends that may affect the industry or us. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that forward-looking statements are not guarantees of future performance. All of our forward-looking statements are subject to known and unknown risks, uncertainties and other factors that are in some cases beyond our control and that may cause our actual results to differ materially from our expectations, including those risks identified under the caption “Risk Factors” in the Company’s Annual Report on Form 20-F and in other reports the Company files with the U.S. Securities and Exchange Commission, as well as the risk that our revenues may fall short of the guidance we have provided in this press release. Except as required by law, the Company undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.

voxeljet AG

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2020

 

2019 (1) (2)

 

 

(€ in thousands)

Current assets

 

28,137

 

 

31,513

 

Cash and cash equivalents

 

5,324

 

 

4,368

 

Financial assets

 

5,351

 

 

7,408

 

Trade receivables

 

4,680

 

 

5,915

 

Inventories

 

11,394

 

 

12,459

 

Income tax receivables

 

31

 

 

39

 

Other assets

 

1,357

 

 

1,324

 

 

 

 

 

 

Non-current assets

 

25,090

 

 

31,052

 

Financial assets

 

5

 

 

2,279

 

Intangible assets

 

1,143

 

 

1,356

 

Property, plant and equipment

 

23,774

 

 

27,343

 

Investments in joint venture

 

27

 

 

30

 

Other assets

 

141

 

 

44

 

 

 

 

 

 

Total assets

 

53,227

 

 

62,565

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2020

 

2019 (1) (2)

 

 

(€ in thousands)

Current liabilities

 

26,215

 

 

18,855

 

Trade payables

 

1,956

 

 

2,797

 

Contract liabilities

 

2,911

 

 

2,623

 

Financial liabilities

 

19,770

 

 

11,290

 

Other liabilities and provisions

 

1,578

 

 

2,145

 

 

 

 

 

 

Non-current liabilities

 

7,371

 

 

10,192

 

Deferred tax liabilities

 

52

 

 

142

 

Financial liabilities

 

7,314

 

 

9,866

 

Other liabilities and provisions

 

5

 

 

184

 

 

 

 

 

 

Equity

 

19,641

 

 

33,518

 

Subscribed capital

 

4,836

 

 

4,836

 

Capital reserves

 

88,748

 

 

88,077

 

Accumulated deficit

 

(75,463

)

 

(60,124

)

Accumulated other comprehensive income

 

1,675

 

 

742

 

Equity attributable to the owners of the company

 

19,796

 

 

33,531

 

Non-controlling interests

 

(155

)

 

(13

)

 

 

 

 

 

Total equity and liabilities

 

53,227

 

 

62,565

 


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