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Additive manufacturing OEM ExOne (NASDAQ: XONE) has announced financial results for the fourth quarter and full year 2018.
Attaining a net income goal of $1.8 million for the second half of 2018 ExOne Chairman and CEO, S. Kent Rockwell, stated that the he is pleased with the results and “especially satisfied [with the results] despite some customer delays causing lower than expected revenue.”
Headline - Revenue - FY2018 - FY2017 - Q4
Headline revenue for FY2018 was reported at $64.6 million compared to $57.7 million for FY2017. For Q4 2018 revenue was reported at $25.3 million, an increase of 25.25% on Q4 2017 revenue of $20.2 million.
Rockwell adds, “We reached record revenue of nearly $65 million [in FY2018]. That represents about 12% growth over 2017 and a three-year compound annual growth rate of 17%.”
S - Kent - Rockwell - Chairman - CEO
S. Kent Rockwell, Chairman and CEO of ExOne. Photo via Smart Business Online.
ExOne has over a decade’s experience in additive manufacturing. It is a binder jetting specialist, and markets industrial systems for research labs and the production of end use parts and castings. The company also provides a range of materials for its systems, including qualified 316L stainless steel and silica sand.
FY2018 - Rockwell - Term - CEO - Position
FY2018 is Rockwell’s first term as CEO, taking the position after James L. McCarley stepped down in June 2018. In November of the same year, at Formnext, the company introduced the X1 25 PRO. This system brings production capabilities to the company’s successful R&D 3D printer to INNOVENT+.
In relation to the X1 25 PRO launch, and the company’s past 12 months, Rockwell asserts, “We continue to aggressively develop our machine technology and additional materials to satisfy the growing demands of the industrial marketplace for our binder jetting technology applications, while maintaining efficiency with our investment spend.”
ExOne - Revenue - Product - Lines - Machines
ExOne revenue is divided into two product lines: “3D Printing Machines”, and “3D Printed and Other Products, Materials and Services.” Year on...
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