{"id":69078,"date":"2019-07-29T13:45:15","date_gmt":"2019-07-29T05:45:15","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/exone-reports-mixed-first-quarter-2016-results.3dm"},"modified":"2019-07-29T13:45:15","modified_gmt":"2019-07-29T05:45:15","slug":"exone-reports-mixed-first-quarter-2016-results","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/exone-reports-mixed-first-quarter-2016-results\/","title":{"rendered":"ExOne reports mixed first quarter 2016 results"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p><span style=\"font-weight: 400;\">ExOne (XONE) reported mixed results in the first quarter of 2016. Year on year net sales increased by over 20%, but gross margin remain still not good enough at 22%. The management is working to reduce the cost structure. These efforts were insufficient in the period under review. EBITDA remain significantly negative at -$3.6M. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Still a long way to go before profitability<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">ExOne will need to grow significantly its revenues over the next years to become profitable. In the meantime competition is becoming more aggressive. The company has a high cost structure (over $20M run rate on Selling, Admin and General costs). It\u2019s not clear at this moment if the management will push further down on cost reduction. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-78607\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/05\/aaaaaa.png\" alt=\"aaaaaa\" width=\"877\" height=\"515\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The CEO and main shareholder is showing good support to the company. He acquired 1.4M shares in the first quarter at a price of $9 per share. The cash injection combined with a tight control on the cash flow helped the company increasing its net cash during the first three months of 2016 by $12M, from $19M at end 2015 to $31M. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Based on 16M shares outstanding at end March 2016, the current market capitalisation is $170M, giving a market valuation for the company of $140M. <\/span><b>This might seem high<\/b><span style=\"font-weight: 400;\"> in light of the loss expected by the company over the next 3 years.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Key financial data:<\/b><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-78606\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/05\/aaaaa.png\" alt=\"aaaaa\" width=\"881\" height=\"450\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ExOne (XONE) reported mixed results in the first quarter of 2016. Year on year net sales increased by over 20%, but gross margin remain still not good enough at 22%. The management is working to reduce the cost structure. These efforts were insufficient in the period under review. EBITDA remain significantly negative at -$3.6M. &nbsp; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182834,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/05\/aaaaaa.png","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170],"class_list":["post-69078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ExOne reports mixed first quarter 2016 results - FacFox News<\/title>\n<meta name=\"description\" content=\"ExOne (XONE) reported mixed results in the first quarter of 2016. 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