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voxeljet AG
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CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS (UNAUDITED)
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Quarter Ended December 31, (unaudited)
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Year Ended December 31,
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2014
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2013
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2014
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2013
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(€ in thousands, except share and share data)
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Revenues
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6,938
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3,693
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16,163
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11,688
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Cost of sales
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(3,950
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)
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(2,168
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)
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(9,838
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)
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(7,045
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)
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Gross profit
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2,988
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1,525
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6,325
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4,643
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Selling expenses
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(1,118
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)
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(1,303
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)
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(3,746
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)
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(2,640
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)
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Administrative expenses
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(1,383
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)
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(1,050
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)
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(4,026
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)
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(1,676
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)
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Research and development expenses
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(1,316
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)
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(1,283
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)
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(4,027
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)
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(2,651
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)
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Other operating expenses
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3
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(105
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)
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(101
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)
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(583
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)
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Other operating income
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281
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157
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1,384
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894
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Operating profit (loss)
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(545
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)
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(2,059
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)
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(4,191
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)
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(2,013
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)
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Finance expense
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(235
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)
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(94
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)
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(472
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)
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(380
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)
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Finance income
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50
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20
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299
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37
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Financial result
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(185
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)
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(74
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)
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(173
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)
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(343
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)
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Profit (loss) before income taxes
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(730
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)
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(2,133
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)
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(4,364
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)
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(2,356
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)
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Income tax benefit (expense)
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32
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(414
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)
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32
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(358
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)
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Profit (loss)
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(698
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)
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(2,547
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)
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(4,332
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)
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(2,714
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)
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Other comprehensive income (loss)
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64
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--
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(1
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)
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--
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Total comprehensive income (loss)
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(634
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)
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(2,547
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)
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(4,333
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)
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(2,714
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)
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Weighted average number of ordinary shares outstanding
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3,720,000
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3,008,000
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3,555,616
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2,252,000
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Earnings (loss) per share - basic/ diluted (EUR)
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(0.17
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)
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(0.85
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)
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(1.22
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)
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(1.21
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)
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voxeljet AG
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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED)
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Year Ended December 31,
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2014
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2013
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(€ in thousands)
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Cash Flow from operating activities
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Loss for the period
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(4,332
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)
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(2,714
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)
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Depreciation and amortization
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2,143
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1,493
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Noncash sale to customer in exchange for customer loans
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(931
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)
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(1,386
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)
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Proceeds from customer loans
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191
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92
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Changes in deferred income taxes
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--
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358
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Loss on disposal of assets
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183
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--
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Deferred income
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(665
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)
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(686
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)
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Change in working capital
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(1,609
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)
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1,203
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Trade and other receivables and current assets
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(1,745
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)
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(1,304
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)
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Inventories
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(1,305
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)
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(836
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)
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Trade payables
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823
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942
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Other liabilities and provisions
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632
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2,403
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Income tax payable/receivables
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(14
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)
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(2
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)
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Total
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(5,020
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)
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(1,640
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)
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Cash Flow from investing activities
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Payments to acquire property, plant and equipment and intangible
assets
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(2,684
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)
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(11,176
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Payments to acquire financial assets
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(43,395
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)
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(273
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)
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Business combination, net of cash and cash equivalents acquired
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(965
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)
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--
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Total
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(47,044
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)
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(11,449
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)
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Cash Flow from financing activities
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Proceeds (repayment) from bank overdrafts and lines of credit
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(308
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)
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(707
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)
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Proceeds from sale and leaseback
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--
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1,900
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Repayment of finance lease obligations
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(1,419
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)
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(1,503
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)
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Repayment of long-term debt
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(2,725
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)
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(339
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)
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Reorganization
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--
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50
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Proceeds from borrowings
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800
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--
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Proceeds from issuance of shares
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30,233
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46,846
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Total
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26,581
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46,247
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Net increase (decrease) in cash and cash equivalents
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(25,483
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)
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33,158
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Cash and cash equivalents at beginning of period
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33,459
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|
301
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|
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Changes to cash due to consolidation items
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2
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|
--
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Changes to cash and equivalents due to foreign exchanges rates
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53
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--
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Cash and cash equivalents at end of period
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8,031
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33,459
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Supplemental Cash Flow Information
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Interest (received) paid net
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(43
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)
|
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314
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Income taxes paid net
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--
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129
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Non-cash items:
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Additions to property, plant and equipment through lease
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--
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1,900
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