3D printing company ExOne has reported financial results today for the first quarter ended March 31, 2017.

Consolidated revenue for the 2017 first quarter was up 29% compared with the prior-year period. Machine revenue nearly doubled to US$4.3 million, compared with US$2.2 million in the first quarter of 2016. On a machine unit basis, five machines were sold in the first quarter of 2017 compared with one in the 2016 first quarter. Non-machine revenue increased 6% to US$6.6 million, compared with US$6.2 million in the first quarter of 2016,

‘As we expected, 2017 is off to a solid start and on track to achieve full year revenue growth that exceeds 25%,’ said Jim McCarley, ExOne’s CEO. ‘In addition to a 29% increase in revenue, first quarter orders were strong, allowing us to sequentially grow backlog by 19% during the quarter, to US$23.5 million.

‘Industry research predicts that the marketplace will continue heavy investment in 3D printing design and manufacturing,’ he added. ‘The strength of our market position in the industries we serve gives us increasing confidence in our binder jet technology and in ExOne’s ability to experience revenue growth in excess of 25% even beyond 2017.’

This story is reprinted from material from ExOne, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.