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In the midst of a strategic reorganization, binder jetting 3D printer manufacturer and provider ExOne has reported results for the second quarter of 2017.
ExOne report total revenue of $10.8 million, the company notes that the quarter’s turnover was “impacted by timing but on track”, having an 8% decline versus the comparative figure.
Revenues - Half - Year - Revenue - Comparison
The combined revenues for the first half of 2017 have improved on the previous year, delivering revenue of $21,668,000 in comparison to $20,169,000 for the six months ended June 30.
Following Q1’s positive results, ExOne’s earnings in Q2 have prompted the company to revise expectations to an overall growth forecast of 20% – 25% in 2017.
Business - Company - Development - ExOne - Adoption
In restructuring the business, the company has focused on development of its ExOne Adoption Centers (EACs) across North America. Launched as means of demonstrating binder jetting technology to prospective customers, the EACs are part of a strategy to encourage integration of the technology within existing manufacturing processes.
The company has also exited its Exerial non-core product line and a production service center (PSC) in Nevada. This strategy puts focus on ExOne’s core additive manufacturing capabilities.
Company - Press - Release - Revenue - %
As reported in the company’s press release, “While non-machine revenue was down 6%, by excluding approximately $0.8 million of second quarter 2016 revenue attributable to product lines that the Company has exited, the comparable non-machine revenue grew by 5%.”
“The growth was due to a net increase in sales from the Company’s production service center (PSC) and ExOne adoption center (EAC) operations, and evidences increased customer acceptance of binder jet technology....
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