Voxeljet AG (NYSE:VJET) Q1 2020 Earnings Conference Call - Final Transcript

May 08, 2020 • 08:30 am ET


Voxeljet AG (NYSE:VJET) Q1 2020 Earnings Conference Call - Final Transcript


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Thank you for standing by. This is the conference operator. Welcome to the voxeljet AG's Fourth Quarter 2019 Financial Results Conference Call. [Operator Instructions]

I would now like to turn the conference over to Johannes Pesch, Investor Relations and Business Development. Please go ahead.

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 fourth quarter and full year financial results for the period ended December 31, 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, including expectations, expectations on results from our current order backlog. 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, including the risks and uncertainties caused by the current COVID-19 pandemic and the resulting uncertainty in the global economy. 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. Good morning, everyone. Thank you for joining us on our earnings call today. We ended the year 2019 with a new record in quarterly revenues. In addition, order backlog for 3D printers is now at its highest level ever as we see strong order inflow from customers in primarily Asia during the first month of 2020.

While we see this as a very positive news for the company, the continued spread of the COVID-19 virus has and may continue to disrupt our operations and supply chain. So far, we have been able to mitigate any significant disruption, but any significant delay or limit in the ability of customers to perform or pay could impact our performance and cause other unpredictable events. We continue to monitor the impact of COVID-19 and intend to make the decisions necessary to ensure the safest environment for our employees as well as protecting our business as best as we can under the circumstances.

Before we go into the details of the fourth quarter, let's quickly recap what we do. Turning to Slide 5. We are in the business for additive series production. We design, manufacture and sell high-performance 3D printing solutions for cost-efficient manufacturing. We have invested significantly into our IP portfolio over the last years and now hold over 420 patents and patent applications. Going forward, we expect to benefit from the increased demand