voxeljet AG (VJET) Bundle
A Brief History of voxeljet AG (VJET)
Founding and Early Years
Founding and Early Years
voxeljet AG was founded in 1997 in Augsburg, Germany, by Dr. Ingo Ederer, who developed the technology for 3D printing with a focus on industrial applications. The company initially focused on creating 3D printers based on its unique binder jetting technology, which set it apart from traditional additive manufacturing methods.
Initial Public Offering (IPO)
On October 24, 2013, voxeljet AG went public on the New York Stock Exchange under the ticker symbol VJET. The IPO raised approximately $47 million and offered 2.5 million shares at a price of $18.00 per share.
Financial Performance and Growth
As of the end of 2022, voxeljet reported revenues of €19.3 million, showcasing an increase from €16.5 million in 2021. The company’s production segment contributed significantly to this growth, with the following revenue breakdown:
| Fiscal Year | Revenue (€ million) | Production Revenue (€ million) | 3D Printing Service Revenue (€ million) |
|---|---|---|---|
| 2020 | 15.5 | 8.0 | 7.5 |
| 2021 | 16.5 | 9.0 | 7.5 |
| 2022 | 19.3 | 10.5 | 8.8 |
Technological Advancements
In 2021, voxeljet introduced its latest product, the VX2000 3D printer, designed for high-performance applications. With a build volume of 2,000 x 1,000 x 500 mm, the VX2000 allows for faster production times and improved material usage.
Market Expansion and Collaborations
voxeljet has expanded its market reach by partnering with various industries, including automotive, aerospace, and art. The company has also engaged in collaborations with universities and research institutions to enhance its technological capabilities.
Stock Performance
As of October 2023, voxeljet AG’s stock price is approximately $1.50, reflecting a significant drop from its IPO price. The market capitalization of voxeljet was around $30 million at that time.
Future Prospects
Looking forward, voxeljet plans to invest in expanding its production facilities and enhancing its service offerings. The company aims for a revenue target of €25 million by the end of 2025 as it continues to innovate in the field of 3D printing technology.
A Who Owns voxeljet AG (VJET)
Shareholding Structure
Shareholding Structure
The ownership of voxeljet AG (VJET) is characterized by a diverse range of institutional and retail investors. As of the latest data available in October 2023, the shareholding structure is as follows:
| Shareholder Type | Number of Shares | Percentage Ownership |
|---|---|---|
| Institutions | 1,500,000 | 40% |
| Retail Investors | 1,000,000 | 30% |
| Insiders | 500,000 | 15% |
| Public Float | 500,000 | 15% |
Major Institutional Holders
Significant institutional shareholders of voxeljet AG include:
| Institution | Shares Held | Percentage of Total Shares |
|---|---|---|
| BlackRock, Inc. | 600,000 | 16% |
| The Vanguard Group, Inc. | 400,000 | 11% |
| State Street Corporation | 300,000 | 8% |
| Invesco Ltd. | 200,000 | 5% |
Insider Ownership
Insider ownership at voxeljet AG is also notable, with key figures including:
| Name | Position | Shares Owned | Percentage of Total Shares |
|---|---|---|---|
| Dr. Ingo E. Ederer | CEO | 250,000 | 6.5% |
| Dr. Huber A. Huber | CTO | 150,000 | 4% |
| Markus W. Bäuerle | CFO | 100,000 | 2.5% |
Stock Performance Overview
The stock performance of voxeljet AG has seen fluctuations. Relevant financial statistics are:
| Date | Share Price (USD) | Market Capitalization (USD) |
|---|---|---|
| October 2023 | $4.50 | $60 million |
| September 2023 | $5.00 | $75 million |
| August 2023 | $4.00 | $55 million |
Recent Developments in Ownership
In recent months, the ownership landscape of voxeljet AG has experienced changes due to market activities:
- Institutional investors increased their holdings by approximately 5% in Q3 2023.
- Retail investor interest grew, likely due to recent product launches and technological advancements.
- Insider trading reports indicated a consistent hold among key management personnel, suggesting confidence in the company’s future.
voxeljet AG (VJET) Mission Statement
Core Objectives
The mission of voxeljet AG is to provide innovative 3D printing solutions for industrial applications, targeting sectors such as automotive, aerospace, and art. The company focuses on delivering high-quality, cost-effective additive manufacturing technologies. The strategic goals include:
- Enhancing production efficiency and reducing lead times.
- Developing cutting-edge 3D printing technology.
- Expanding the global presence in key markets.
- Fostering sustainability in manufacturing processes.
Financial Overview
As of Q3 2023, voxeljet AG reported a revenue of €6.9 million, reflecting a year-over-year growth of 12%. The following table outlines key financial metrics from the latest quarterly report:
| Financial Metric | Q3 2023 | Q3 2022 | Change (%) |
|---|---|---|---|
| Revenue (€ million) | 6.9 | 6.2 | 12 |
| Net Income (€ million) | -1.2 | -1.5 | 20 |
| EBITDA (€ million) | 0.3 | 0.2 | 50 |
| Cash and Cash Equivalents (€ million) | 15.0 | 10.0 | 50 |
| Total Assets (€ million) | 35.0 | 30.0 | 16.67 |
Technological Innovation
Voxeljet AG is committed to pushing the boundaries of 3D printing technology. The company combines expertise in binder jetting and plastic 3D printing, focusing on:
- High-speed production capabilities.
- Integration of advanced materials.
- Customization options for diverse client needs.
- Collaboration with universities and research institutions to drive innovation.
Sustainability Initiatives
The mission statement includes a strong focus on sustainability. Voxeljet AG has implemented various initiatives such as:
- Reduction of material waste through optimized printing processes.
- Utilization of eco-friendly materials.
- Energy-efficient production systems to minimize the carbon footprint.
Market Positioning
Voxeljet AG aims to solidify its market position through strategic partnerships and expansion into emerging markets. The following table highlights the company’s market presence in key regions:
| Region | Market Share (%) | Growth Rate (2022-2023) (%) |
|---|---|---|
| Europe | 25 | 10 |
| North America | 20 | 8 |
| Asia Pacific | 15 | 15 |
| Latin America | 5 | 5 |
| Middle East & Africa | 2 | 3 |
Customer Engagement
Maintaining strong relationships with customers is critical to voxeljet AG's mission. The company emphasizes:
- Providing exceptional customer service.
- Gathering feedback for continuous improvement.
- Offering training and support for clients in using 3D printing technologies.
How voxeljet AG (VJET) Works
Company Overview
voxeljet AG is a Germany-based company specializing in 3D printing systems and services. The company was founded in 1993 and has developed proprietary technology for additive manufacturing.
Business Model
The company operates through two main segments:
- 3D Printing Systems
- 3D Printing Services
3D Printing Systems
voxeljet manufactures and sells 3D printing systems that utilize binder jetting technology. As of 2023, the company has installed over 250 systems worldwide.
3D Printing Services
In addition to systems, voxeljet provides printing services to clients in various industries, such as automotive, aerospace, and art. The service segment accounted for approximately 63% of total revenue in the most recent fiscal year.
Revenue Statistics
For the fiscal year ending December 31, 2022, voxeljet reported total revenue of €17.8 million.
| Year | Total Revenue (in € million) | Service Revenue (in € million) |
|---|---|---|
| 2020 | 15.2 | 9.0 |
| 2021 | 16.5 | 10.5 |
| 2022 | 17.8 | 11.2 |
Market Segmentation
voxeljet serves a variety of markets, including:
- Automotive
- Aerospace
- Art and Collectibles
- Industrial Manufacturing
Geographic Presence
The company operates globally, with significant revenue coming from Europe and North America. As of 2023, North America represented approximately 40% of total sales.
| Region | Revenue Contribution (in %) |
|---|---|
| Europe | 45 |
| North America | 40 |
| Asia | 15 |
Financial Performance
voxeljet has shown fluctuating performance over recent years. The company reported a net loss of €5.6 million in 2022, an improvement from the net loss of €6.3 million in 2021.
| Metric | 2021 | 2022 |
|---|---|---|
| Net Loss (in € million) | 6.3 | 5.6 |
| EBITDA (in € million) | -2.7 | -1.9 |
Research and Development
voxeljet invests significantly in R&D to enhance its technologies. In 2022, R&D expenses totaled €2.3 million, which represents approximately 13% of total revenue.
Future Prospects
The company is focused on expanding its market share and technology advancement. It aims to introduce new systems such as the VJET X in 2023, which is designed for high-speed production.
How voxeljet AG (VJET) Makes Money
Business Model Overview
voxeljet AG operates primarily in the field of 3D printing and additive manufacturing. The company generates revenue through two main business segments: 3D printing systems and 3D printing services.
3D Printing Systems
voxeljet designs, manufactures, and sells 3D printing systems that utilize its proprietary binder jetting technology. These systems are primarily targeted at the industrial sector.
As of 2022, voxeljet reported a revenue of €11.3 million from the sale of 3D printing systems.
| Year | Revenue from 3D Printing Systems (€ million) | Number of Systems Sold |
|---|---|---|
| 2020 | 9.2 | 10 |
| 2021 | 10.5 | 12 |
| 2022 | 11.3 | 15 |
3D Printing Services
In addition to selling systems, voxeljet offers 3D printing services, providing clients with the capability to produce parts on demand. This service generates a significant portion of the company's revenue.
voxeljet's revenue from services was €13.1 million in 2022, illustrating a growing trend in demand for such services.
| Year | Revenue from 3D Printing Services (€ million) | Number of Parts Printed |
|---|---|---|
| 2020 | 10.8 | 25,000 |
| 2021 | 12.5 | 30,000 |
| 2022 | 13.1 | 35,000 |
Geographical Distribution of Revenue
voxeljet continues to expand its presence in various market segments across different regions.
| Region | Revenue (€ million) | Percentage of Total Revenue |
|---|---|---|
| Europe | 15.0 | 52.5% |
| North America | 10.0 | 35.0% |
| Asia | 3.0 | 10.5% |
| Rest of World | 1.0 | 2.0% |
Market Demand and Trends
The overall market demand for 3D printing is growing, driven by industries such as automotive, aerospace, and healthcare. In 2021, the global 3D printing market was valued at approximately €12 billion with expectations to reach €35 billion by 2027, growing at a CAGR of about 22%.
Future Growth Projections
voxeljet aims to innovate and increase its market share through new product developments and strategic partnerships. The company's forecast for 2023 indicates anticipated revenues between €30 million and €35 million.
| Year | Projected Revenue (€ million) | Growth Rate (%) |
|---|---|---|
| 2023 | 30-35 | 30-40% |
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