3D printing specialist ExOne reports that its Q3 revenue grew 47% over Q3 2015 to reach US$13 million. Year-to-date revenue is up 37%, with a backlog of $19.9 million at the end of Q3.

‘We're pleased to see continued growth in the third quarter and year-to-date periods, with sales of more of our larger, indirect machines,’ soid Jim McCarley, CEO. ‘We have also made significant progress in 2016 with continued technological advances. […] Furthermore, the strides we have made with finer powders for our direct machines are significantly broadening our addressable market for potential applications. Given customer feedback, we are confident that these investments will drive future results.’

Machine revenue grew by more than two and one-half times, driven by recognition of large, indirect machine sales. Non-machine revenue, which was consistent with the prior year, was impacted by lower pricing on consumables, partially offsetting increased consumables volume due to the larger installed base.

For the first nine months of 2016, revenue was up 37% over the 2015 period, also driven by the sale of large, indirect machines. Machine revenue more than doubled and non-machine revenue grew 8%.
According to the company, the increase in third quarter gross profit was driven by significantly higher machine sales including a favorable mix of indirect machines, and enhanced production efficiency. The prior-year quarter was impacted by inefficiencies resulting from the company's transition into its new and expanded facilities as well as deployment of its ERP system.

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