Voxeljet AG (NYSE:VJET) Q3 2018 Earnings Conference Call - Final Transcript

Nov 16, 2018 • 08:30 am ET


Voxeljet AG (NYSE:VJET) Q3 2018 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the Voxeljet AG Third Quarter 2018 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

(Operator Instructions)

As a reminder, this conference is being recorded. It is now my pleasure to turn the call over to Johannes. Please go ahead, sir.

Johannes Pesch

Thank you, operator, and good morning, everyone. With me today are Dr. Ingo Ederer, Voxeljet's CEO; and Rudi Franz, Voxeljet's CFO.

Yesterday, after the market closed, Voxeljet issued a press release announcing its third quarter financial results for the period ended September 30, 2018. The release, as well as the accompanying presentation for this conference call, is available in the IR section of the Company's website at Voxeljet.com.

(Forward-Looking Cautionary Statements)

With that, I would now like to turn the call over to Ingo, CEO of Voxeljet.

Ingo Ederer

Thank you, Johannes, and good morning, everyone. I want to thank everybody for joining us today.

Since this is the first conference call since our follow-on offering, I would like to take this opportunity to warmly welcome our new shareholders who have come onboard in the last month. Innovation is part of the DNA of Voxeljet. We have created an exciting and forward-thinking culture where we are constantly evolving and improving our ability to deliver the best experience for our customers.

Major focus of ours is in the consistent investment in advancing our technology to reach profitable growth. We have talked before about how innovation enables our strategic accomplishments and provides us with an ongoing competitive advantage. It would take an enormous amount of time, human capital and funding to replicate our latest innovations, like VJET X, providing us with a very real barrier to entry.

Looking at topline and the progress we have made through the strategic launch of new products and how this positions us for the long term, we are happy with the results for this quarter. However, looking at bottom line, there is still a great deal to be done based on our current results.

At this stage of our Company's evolution, I would, therefore, like to emphasize the most important layer to the execution of our strategy, profitable growth. The long-term success of our Company will not only be measured by the quantity of our innovations, but also by our ability to bring these to their full potential. Our primary focus for the next quarters, therefore, is to reach a path to sustainable and profitable growth. We have made great progress towards this target. We are very confident our new products would increased sales and are currently implementing programs to optimize our cost structure further to reach profitable growth.

The agenda for profitable growth can be broken down into a few action areas. First, turn emerging markets into the core business with specific products and market strategies and tap the efficiency potential lurking within the product costs along the entire value chain; second, continue to make use of the market opportunities with existing