The company operates in two segments, Systems and Services. The Systems segment develops, manufactures, and sells 3D printers and offers consumables including particulate materials, proprietary chemical binding agents, and spare parts. The Services segment prints on-demand parts for customers and provides casting services. voxeljet's VX4000, the world's largest sand 3D printer, is being used to produce sand casting parts by General Motors and BMW.
Cyborg Score Rationale
voxeljet faces structural profitability challenges with persistent negative operating cash flows and declining market position despite holding a unique niche in large-scale sand 3D printing. The company transitioned from NYSE to NASDAQ in 2020 and is undergoing a formal strategic review process, indicating uncertainty. However, blue-chip automotive and aerospace customers and technological leadership in high-volume binder jetting provide strategic assets.
Top Insights
voxeljet announced a formal review process to explore strategic alternatives including mergers, investments, and joint ventures, with BNP Paribas and Hogan Lovells advising.
Blue-chip customers including General Motors, BMW, and Tesla use voxeljet's sand 3D printing technology for automotive casting applications.
Company received NYSE non-compliance notices in August 2019 and May 2020 before voluntarily transferring to NASDAQ in August 2020.
Q2 2023 revenue reached €6.8 million with a net loss of €3.6 million.
Named Competitors
SLM Solutions — Powder-bed fusion 3D printing systems for metal additive manufacturing
Shapeways — On-demand 3D printing services and platform
EOS — Industrial 3D printing systems and additive manufacturing solutions
Fathom — 3D printing services and manufacturing solutions
Recent Developments
Strategic review process announced to explore mergers, investments, and joint ventures
Partnerships with Loramendi on fully automated additive production lines for sand cores
Q2 2023 revenue of €6.8 million with net loss doubled to €3.6 million
Open the full interactive voxeljet AG report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.