For the first half of 2017, revenue was up 7% over the 2016 first half. Machine revenue was up 22%, driven by three more machine sales in the 2017 first half. Excluding approximately $0.8 million of first half 2016 revenue attributable to product lines that the Company has exited, the comparable non-machine revenue grew by 6%.
Given the long sales cycle and significance of a machine’s average selling price relative to total revenue, fluctuations in machine-sale revenue vary from quarter to quarter. ExOne does not believe that such quarter-to-quarter fluctuations are necessarily indicative of larger trends.
Second Quarter Operations – Impacted By Inventory Write-off and Investments
|
($ in millions,
except per-share amounts) |
Q2 2017 | Q2 2016 | Change | % Change | |||||||||||||||
| Gross profit | $ | 2.0 | $ | 3.5 | ($1.5 | ) | (42 | %) | |||||||||||
| Gross margin | 18.8 | % | 29.8 | % | |||||||||||||||
| Operating loss | ($6.3 | ) | ($3.1 | ) | ($3.2 | ) | (104 | %) | |||||||||||
| Net loss | ($6.4 | ) | ($2.9 | ) | ($3.5 | ) | (118 | %) | |||||||||||
| Diluted EPS | ($0.40 | ) | ($0.18 | ) | ($0.22 | ) | (122 | %) | |||||||||||
