This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The ExOne Company Reports $9.2 Million Of Revenue In The Second Quarter Of 2013

Stocks in this article: XONE

Production Service Center ("PSC") revenue for the 2013 second quarter was approximately $3.4 million, up 6%, or $0.2 million, over the prior-year second quarter. PSC revenue represented 37% of total revenue in the 2013 second quarter.

Reduced Operating Loss—Driven by Machine Sales Volume

Gross profit was $4.2 million in the second quarter of 2013, an improvement of $2.7 million compared with gross profit of $1.5 million in the second quarter of 2012. Gross profit as a percent of sales was 45.3% in the second quarter of 2013 compared with 32.6% in the second quarter of 2012. Gross profit and gross margin for the second quarter of 2013 improved on volume, favorable sales mix and enhanced productivity in the Company's PSCs.

Operating loss for the second quarter of 2013 was $1.0 million compared with an operating loss of $3.1 million in the second quarter of 2012, an improvement of $2.1 million. Selling, general and administrative ("SG&A") expenses for the second quarter of 2013 were $3.9 million, compared with $4.3 million in the prior-year second quarter. The 2012 second quarter SG&A included a $1.8 million equity-based compensation charge. Research and development ("R&D") expenses for the second quarter of 2013 increased by $0.9 million to $1.3 million, in support of the Company's materials qualification and machine technology enhancements. 

Adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") was a loss of $0.3 million in the second quarter of 2013, improved from a loss of $2.7 million in the second quarter of 2012. ExOne management believes that when used in conjunction with other measures prepared in accordance with accounting principles generally accepted in the United States ("GAAP"), that Adjusted EBITDA, a non-GAAP measure, assists in the understanding of operating performance.  See the attached tables for important disclosures regarding the Company's use of Adjusted EBITDA as well as a reconciliation of net loss attributable to ExOne to Adjusted EBITDA for both the quarter and six-month periods ended June 30, 2013 and 2012.

First Half 2013 Review—Demonstrates Favorable Momentum

Revenue for the six-month period ended June 30, 2013 was $17.2 million, up $9.8 million, or 132%, compared with $7.4 million in the prior-year period, driven primarily by machine sales as well as growth in PSC revenue globally.  

2 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs