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The ExOne Company Reports $11.6 Million Of Revenue In The Third Quarter Of 2013

  • Revenue increased by $3.1 million, or 36%, over prior-year third quarter, driven by eight machine sales
  • Achieved 45% gross margin in quarter
  • Operating income improved to $0.3 million from operating loss of $5.7 million in the third quarter of the prior year
  • Company reaffirms 2013 guidance

NORTH HUNTINGDON, Pa., Nov. 13, 2013 (GLOBE NEWSWIRE) -- The ExOne Company (Nasdaq:XONE) ("ExOne" or "the Company"), a global provider of three-dimensional ("3D") printing machines and printed products to industrial customers, reported financial results today for its 2013 third quarter and nine-month period ended September 30, 2013.

Revenue for the quarter was $11.6 million, up 36% compared with revenue of $8.5 million for the third quarter of 2012. Foreign currency had a $0.5 million, or 6%, unfavorable impact on revenue in the quarter. Net loss attributable to ExOne for the reported quarter was $0.2 million, or $0.02 per diluted share, an improvement of $5.7 million compared with a net loss attributable to ExOne of $5.9 million for the prior-year period.

Third Quarter of 2013: Revenue Growth—Driven by Strong Machine Sales and PSC Growth
($ in millions)                
                 
  For the Quarter Ended For the Nine Months Ended
  September 30, September 30,
  2013 2012 2013 2012
Revenue by Product Line                
3D Printing Machines & Micromachinery $7.8 66.8% $5.2 60.9% $17.8 61.9% $6.7 42.2%
3D Printed Products, Materials and Other Services ("PSC") $3.8 33.2% $3.3 39.1% $11.0 38.1% $9.2 57.8%
Total Revenue $11.6 100.0% $8.5 100.0% $28.8 100.0% $15.9 100.0%

During the quarter, machine revenue represented 67% of total revenue and increased 50% over the prior-year period. Four S-Max™ machines, the largest of the Company's 3D printing machines, were sold to diverse geographic customers. One machine was sold to customers in each of Japan, Germany, Russia and the U.S.  Additionally, machine sales included one each of the Company's S-Print™, S15™ (refurbished), M-Flex™ and X1-Lab™. The S-Print was for a customer in Japan and the others were for U.S customers. Three S-Max machines and one S15 machine were sold in the prior year third quarter.   

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