Strong Growth Anticipated in 2013
Mr. Rockwell commented, "Our technology and experience has enabled us to develop 3D printing machines that provide an economic alternative to traditional industrial applications. Our unique solution for the industrial market puts us in a leading position as a 3D printer and manufacturer in the global economy. We believe we are a driver of the rate of adoption of 3D printing for industrial applications as well as a benefactor of the growing relevance of this technology in manufacturing. As we move forward, our priorities are to capture this opportunity by developing PSCs in high potential market areas and advancing our capabilities with new metal-based materials."
For 2013, the Company estimates that full year revenue will be in a range of about $48 million to $52 million with approximately two-thirds of revenue expected to fall in the latter half of the year. The Company plans to launch two additional PSCs during the second half of 2013 which will expand its operations to a total of seven. Gross margin for the year is expected to be approximately 42% to 46%. Operating expenses are expected to be in the range of $18 million to $21 million.
Approximately $40 million to $50 million in growth capital expenditures are planned over the next two years which includes the expansion of the Company's global manufacturing capacity and PSC development.Webcast and Conference Call The ExOne Company will host a conference call and live webcast tomorrow morning at 8:30 a.m. Eastern Time. During the conference call and webcast, management will review the financial and operating results for the fourth quarter and full year and discuss ExOne's corporate strategies and outlook. A question-and-answer session will follow. The teleconference can be accessed by calling (201) 689-8471. The webcast can be monitored on the Company's website at www.exone.com . A telephonic replay will be available from 11:30 a.m. ET on the day of the teleconference through Thursday, April 4, 2013. To listen to a replay of the call, dial (858) 384-5517 and enter the conference ID number 409944. An archive of the webcast will be available on the Company's website at www.exone.com and will include a transcript, once available. About ExOne ExOne is a global provider of 3D printing machines and printed products to industrial customers. ExOne's business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its in‐house 3D printing machines. ExOne offers pre-production collaboration and prints products through Production Service Centers, which are located in the United States, Germany and Japan. ExOne builds 3D printing machines at its facilities in the United States and Germany. ExOne also supplies the associated products, including consumables and replacement parts, and services, including training and technical support, necessary for purchasers of its machines to print products.