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Machine revenue grew 36% in 2016, driving total revenue up 18% to $48 million
- Gross margin of 29.6% in 2016, up from 20.7% in 2015
- Backlog of $19.7 million at year end
NORTH HUNTINGDON, Pa., March 16, 2017 (GLOBE NEWSWIRE) -- The ExOne Company (NASDAQ:XONE) (“ExOne” or “the Company”), a global provider of three-dimensional (“3D”) printing machines and 3D printed and other products, materials and services to industrial customers, reported financial results today for the fourth quarter and year ended December 31, 2016.
ExOne continued to see sustained growth in revenue in 2016, up 18% over 2015, driven by the sale of large format indirect machines. Machine revenue grew 36% and non-machine revenue grew 8%. This 2016 full year momentum is underwritten by sales of the Company’s S-Max® machines, which are setting the standard in the industry.
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Fourth Quarter Revenue – Non-machine Revenue Rebounds
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| Quarter Ended | Year Ended | ||||||||||||||||||
| December 31, | December 31, | ||||||||||||||||||
| (in millions) |
2016
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2015
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2016
|
2015
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| Revenue by Product Line | |||||||||||||||||||
| 3D Printing Machines: | |||||||||||||||||||
| 3D Printing Machines - third parties | $ | 7.5 | 51 | % | $ | 9.5 | 58 | % | $ | 21.0 | 44 | % | $ | 14.1 | 35 | % | |||
| 3D Printing Machines - related parties | - | 0 | % | 0.1 | 1 | % | - | 0 | % | 1.4 | 3 | % | |||||||
| 7.5 | 51 | % | 9.6 | 59 | % | 21.0 | 44 | % | 15.5 | 38 | % | ||||||||
| 3D Printed and Other Products, Materials and Services ("Non-machine"): | |||||||||||||||||||
| 3D Printed and Other Products, Materials and Services - third parties | 7.1 | 49 | % | 6.6 | 41 | % | 26.7 | 56 | % | 24.8 | 62 | % | |||||||
| 3D Printed and Other Products, Materials and Services - related parties | 0.0 | 0 | % | - | 0 | % | 0.1 | 0 | % | 0.1 | 0 | % | |||||||
| 7.1 | 49 | % | 6.6 | 41 | % | 26.8 | 56 | % | 24.9 | 62 | % | ||||||||
| Total Revenue | $ | 14.6 | 100 | % | $ | 16.2 | 100 | % | $ | 47.8 | 100 | % | $ | 40.4 | 100 | % | |||
