Voxeljet AG (NYSE:VJET) Q3 2019 Earnings Conference Call - Final Transcript

Nov 15, 2019 • 08:30 am ET


Voxeljet AG (NYSE:VJET) Q3 2019 Earnings Conference Call - Final Transcript


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Greetings. Welcome to voxeljet AG Third Quarter 2019 Financial Results 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] Please note, this conference is being recorded.

I would now turn the conference over to your host, Johannes Pesch, Director of IR and Business Development. Thank you, you may begin.

Johannes Pesch

Thank you, operator, and good morning, everyone. With me today are Dr. Ingo Ederer, voxeljet's Chief Executive Officer; and Rudi Franz, voxeljet's Chief Financial Officer. Yesterday, after the market closed, voxeljet issued a press release announcing its third quarter financial results for the period ended September 30, 2019. The release as well as the accompanying presentation for this conference call is available in the Investor Relations section of the Company's website at voxeljet.com.

During our call, we may make certain forward-looking statements about the Company's performance. Such forward-looking statements are not guarantees of future performance, and therefore, one should not place undue reliance upon them. Forward-looking statements are also subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed. For additional information concerning factors that could cause actual results to differ from those discussed in our forward-looking statements, you should refer to the cautionary statements contained in our press release as well as the risk factors contained in the Company's filings with the Securities and Exchange Commission.

With that, I would now like to turn the call over to Ingo, Chief Executive Officer of voxeljet.

Ingo Ederer

Thank you, Johannes, and good morning, everyone. Thanks for joining us today for our third quarter call. From a big picture point of view, we are executing well on our key goals of driving our technology into series production. Our sales funnel looks good, pretty impressive and our colleagues all around the world are working hard to turn these prospect into orders. Backlog for 3D printers reached a record level at the end of October with approximately EUR5.6 million and the fourth quarter looks like it could be even better than last year's fourth quarter. What is more important, this would mean we would become EBITDA positive for the quarter.

We are really proud of the progress we have made, launching new product and continuing to grow our business into new areas, which has been particularly exciting to see how research project turned into new products that can support critical demanding applications and address the challenges that are most important to our customers.

Please turn to Slide 4. This year we are celebrating our 20th anniversary and are looking back at the multitude of exciting projects. Remember, we basically started in a garage in Munich and fast-forward today, products made with our technology are flying in space and we are implementing with VJET X, an additive manufacturing solution for true mass production.

In our indirect parts segment, we address the need of our customers for production-ready solutions and start to commercialize high-performance products like VJET X. In