ExOne Co. (NASDAQ: XONE) reported its first-quarter financial results after the markets closed on Wednesday. The 3D printer posted a net loss of $0.35 per share on $8.4 million in revenue, compared to consensus estimates that called for a net loss of $0.27 per share on revenue of $9.2 million. The same period from last year had a net loss of $0.53 per share on $6.8 million in revenue.
The company was sure to mention that given the long sales cycle and significance of a machine’s average selling price relative to total revenue, fluctuations in its machine-sale revenue vary from quarter to quarter. Accordingly, ExOne does not believe that such quarter-to-quarter fluctuations are necessarily indicative of larger trends.
ExOne noted a few key statistics during the first quarter. The company had a gross margin of 22.3%, demonstrating an increased efficiency in the quarter and a large leap from the same period last year. Also this 3D printer had a solid backlog of $16.4 million by the end of the quarter.
On the books, cash and cash equivalents totaled $31.3 million at the end of the quarter, compared to $19.3 million at the end of 2015.
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