ExOne reports $11.6 million of revenue in third quarter 2013
November 20, 2013
The ExOne Company, a global provider of Additive Manufacturing /3D printing machines and printed products, has reported a 36% increase in revenue in the third quarter 2013, compared to the same period of 2012. ExOne stated that the growth was due to strong machine sales during the period, driving revenue to $11.6 million, up from $8.5 million for the third quarter of 2012.
ExOne’s business primarily consists of manufacturing and selling 3D printing machines and printing products to for its customers using its in‐house 3D printing machines. The company offers pre‐production collaboration and prints products for customers through its seven production service centres (PSC) which are located in the United States, Germany and Japan. ExOne builds 3D printing machines at its facilities in the United States and Germany.
Revenue for the nine-month period ended September 30, 2013 was $28.8 million, up $12.9 million, or 81%, compared with the prior year period, driven primarily by machine sales as well as growth in PSC revenue globally.
“We continue to aggressively execute on our stated strategic plan – increasing machine sales, expanding our production capacity and PSC network, and building our material and binders portfolio,” stated S Kent Rockwell, Chairman and CEO of ExOne. “There are many exciting new projects we are involved with globally. As we look forward to 2014, we expect to achieve our long-term growth targets. We believe ExOne remains distinctively positioned as a leading industrial provider of 3D printing machines and printed products.”