ExOne announces increase in revenue for first quarter of 2017

3D Printing Industry | 5/12/2017 | Staff
bab_ohhbab_ohh (Posted by) Level 3
Click For Photo: https://3dprintingindustry.com/wp-content/uploads/2017/05/C_Ebs9mXgAQfocr.jpg

The ExOne Company (NASDAQ:XONE) has announced its financial results for the first quarter of 2017 ending March 31. ExOne, based in Pennsylvania is a 3D printer manufacturer and service provider. Among the results, the company reports strong growth in revenue from 3D printing machines.

Revenue from the sales of machines significantly grew compared to the year prior. Image via Business Wire.

Company - Revenue - % - Period - Machine

The company reported consolidated revenue of $10.9 million, increasing by 29% over the same period in 2016. While machine revenue almost doubled from 2016 Q1 to 2017 from $2.2 million to $4.3 million. The company reported similar machine revenue growth for the second quarter of last year.

Five machines were sold in the first quarter of 2017 compared with just one for the same period in 2016. ExOne reported a slight increase in non-machine revenue from $6.2 million up to $6.6 million, reportedly due...
(Excerpt) Read more at: 3D Printing Industry
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