ExOne Releases Q4 and Full Year Financial Results for 2015

The ExOne Company (NASDAQ:XONE) has reported its financial results for the fourth quarter and year ended December 31, 2015.
According to the press release:

S. Kent Rockwell, Chairman and Chief Executive Officer, commented, “Our fourth quarter financial results demonstrate the potential inherent in our business model as we scale our revenue.  We were pleased to recognize revenue on 12 machines in the fourth quarter, with 10 of those being our larger, indirect machines.  This top line led us to a strong gross margin and positive adjusted EBITDA, demonstrating the financial results that are achievable with higher sales volume and favorable mix consisting of larger machines.”
He added, “We continued to make progress with broader market acceptance of our technology.  We are optimistic that more and more of our customers are evaluating opportunities to use our machines in production – the four Exerial machines that we shipped in 2015 are being integrated into customer facilities.  Additionally, we are working with several of the world’s leading automotive manufacturers on evaluation of our Exerial for their series production operations.  On the direct printing side of our business, we are making good progress in the development of ceramics, carbon and monolithic metals.  We look forward to further development of applications unique to our binder jetting technology.”

Click here to read the full press release.