voxeljet AG Reports Financial Results for the Third Quarter Ended September 30, 2022

The respective expected volatility has been based on an evaluation of the historical volatility of the Company’s share price as of the grant date. As of September 30, 2022 353,400 options are exercisable and 353,400 options are outstanding. The weighted-average contractual life of the options at September 30, 2022 amounts to 4.8 years (September 30, 2021: 5.8 years).

The expenses recognized in the profit and loss statement in relation to the share-based payment arrangements amounted to kEUR 0 in the three months and kEUR 49 in the nine months ended September 30, 2022 (three months and nine months ended September 30, 2021: kEUR 44 and kEUR 261, respectively).

4. Inventories

 

 

 

 

 

 

 

9/30/2022

 

12/31/2021

 

 

(€ in thousands)

Raw materials and merchandise

 

3,890

 

2,978

Work in progress

 

10,309

 

6,504

Total

 

14,199

 

9,482

In the nine months ended September 30, 2022, voxeljet increased the reserve for slow-moving inventory for raw materials and merchandise as well as work in progress by kEUR 597, following the Company’s inventory reserve policy for inventory (increase in reserve for slow-moving inventory for the nine months ended September 30, 2021: kEUR 166).

5. Property, plant and equipment, net

 

 

 

 

 

 

 

9/30/2022

 

12/31/2021

 

 

(€ in thousands)

Land, buildings and leasehold improvements

 

17,413

 

18,048

Plant and machinery

 

4,517

 

4,329

Other facilities, factory and office equipment

 

778

 

894

Assets under construction and prepayments made

 

522

 

448

Total

 

23,230

 

23,719

Thereof pledged assets of Property, Plant and Equipment

 

11,821

 

12,261

In March 2020, voxeljet registered a first rank land charge amounting to kEUR 10,000 on its land and facility located in Friedberg, Germany as collateral in favor of the EIB related to the loan under the Finance Contract. This pledge was removed within the closing process of sale and leaseback transaction by notary, which was initiated on August 11, 2022 and successfully closed on October 31, 2022. Upon closing of the sale and leaseback transaction, the land and buildings were transferred to the investor. For further information, see Note 14. below.

6. Other liabilities and provisions

 

 

 

 

 

 

 

9/30/2022

 

12/31/2021

 

 

(€ in thousands)

Employee bonus

 

423

 

512

Liabilities from payroll

 

352

 

255

Accruals for vacation and overtime

 

333

 

230

Accruals for management compensation

 

274

 

83

Accrual for warranty

 

157

 

292

Accruals for compensation of Supervisory board

 

135

 

180

Accruals for commissions

 

132

 

298

Liabilities from VAT

 

47

 

50

Accruals for licenses

 

34

 

92

Customers with a credit balance

 

26

 

17

Others

 

91

 

99

Total

 

2,004

 

2,108


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