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The ExOne Company (Nasdaq: XONE) announced that CEO John Hartner and CFO Doug Zemba will participate in a fireside chat and one-on-one meetings at the Stifel 2021 Cross Sector Insight Conference on June 9, 2021. The fireside chat is scheduled to start at 1:20 p.m. Eastern Time, with a live audio webcast available on the company's investor relations website. ExOne is a leader in industrial 3D printing, focusing on binder jetting technology to create precision parts from various materials, enabling significant improvements in manufacturing efficiency.
The ExOne Company (Nasdaq: XONE) reported its financial results for Q1 2021, revealing a total revenue of $13 million, a 3% decline year-over-year. Revenue from 3D printing machines decreased by 22%, attributed to COVID-19 installation challenges, while recurring revenue increased by 15%. Gross margin fell to 15.4% due to operational inefficiencies. The company experienced a net loss of $6.1 million, widening from $3.6 million in the prior year. Notably, cash and equivalents rose to $138.3 million, boosted by a public offering. The outlook remains optimistic amid signs of economic recovery and a robust backlog.
The ExOne Company (Nasdaq: XONE) has announced a collaboration with Aurora Group and its subsidiaries, General Integration Technology (GIT) in Taiwan and Aurora 3D in China, to enhance the distribution of its binder jetting technology in Asia. This partnership increases ExOne's presence in Greater China and expands its sales partner network in the APAC region to 12. The companies aim to promote additive manufacturing through ExOne's high-speed, sustainable metal 3D printing solutions, which are increasingly favored for their efficiency and material flexibility.
The ExOne Company (Nasdaq: XONE) announced that CEO John Hartner and CFO Doug Zemba will present at the 16th Annual Needham Technology & Media Conference on May 20, 2021, starting at 8:00 a.m. Eastern Time. A live audio webcast will be available on ExOne's website, and an archived presentation can be accessed afterward. ExOne is a leader in binder jet 3D printing technology, helping industrial customers save costs, reduce waste, and increase manufacturing flexibility by transforming powders into precision parts and innovative tooling solutions.
The ExOne Company (Nasdaq: XONE) has announced the addition of four new sales channel partners, enhancing its distribution in the U.S. and Canada. These partners—CATI, TriMech, Javelin, and Purple Platypus—combine to operate over 60 offices and will promote ExOne's entry-level metal 3D printing systems, including the Innovent+ and Metal Designlab. This expansion aims to address growing demand for localized production and supply chain efficiency, facilitating affordable access to advanced 3D printing technologies.
The ExOne Company (Nasdaq: XONE) will release its first quarter 2021 financial results on May 17, 2021, after the market closes. A conference call will be held on May 18, 2021, at 8:30 a.m. ET to discuss these results and corporate strategies. The call will include a Q&A session. ExOne is a leader in binder jetting 3D printing technology, providing solutions that enhance manufacturing efficiency and innovation. For more information, visit www.exone.com.
The ExOne Company (Nasdaq: XONE) has acquired the assets of Freshmade 3D, an Ohio-based startup known for its patented AMClad® tooling method that uses sand forms 3D printed on ExOne machines. This acquisition enhances ExOne's capability to offer large-format 3D printed tooling, promising significant time savings and cost reductions of 30-50% compared to traditional tooling methods. AMClad tooling is versatile, applicable across various industries, including aerospace and automotive. ExOne aims to scale up this process for a global aerospace client, helping to foster local production.
The ExOne Company (Nasdaq: XONE) has announced the upcoming release of a controlled-atmosphere model of its X1 160Pro™ metal printer, expected in late 2022. This advanced model is designed for high-volume production of reactive metals like aluminum and titanium, enhancing powder dispersion and reducing oxidation. The X1 160Pro, already shipping from ExOne’s German facility, is the company's largest production-ready system to date, capable of working with various materials. The original model will still be available for non-reactive metals.
The ExOne Company (Nasdaq: XONE) has announced that aluminum alloy 6061 has been officially qualified as a customer material in partnership with Ford Motor Co. This development signifies a key advancement in their binder jetting technology, enhancing capabilities for 3D printing in automotive applications. The qualification opens avenues for increased production efficiency and customization in manufacturing, highlighting ExOne's position as a leader in the industrial 3D printing sector.
A joint project between Ford Motor Company and ExOne has achieved a breakthrough in 3D printing with a patent-pending process for binder jetting aluminum, offering properties akin to die casting. This advancement marks a significant step towards efficient, sustainable manufacturing in the auto industry. The collaboration, initiated in 2019, allows for the production of complex parts with reduced weight and improved performance. The new process positions Ford for enhanced efficiency, promising increased productivity and innovative design opportunities in automotive components.
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