ExOne Updates 2013 Revenue Expectations
- Certain 2013 machine sales now expected in first half of 2014
- Complete inventory of M-Flex™ machines sold out
The Company also noted that it sold its complete inventory of six M-Flex™ machines in 2013. The first M-Flex™ was sold in the third quarter of 2013. This machine platform was introduced to satisfy the demand for a large range of industrial customers that are interested in directly printing metals, ceramic and glass products.
He concluded, "We remain confident that our previously stated long-term 40% to 50% annual organic revenue growth goal is achievable again in 2014. We continue to see the industrial market evolving toward 3D printing and are pursuing opportunities to expand our strategies. We have made a substantial effort for a company our size to undertake the acquisition strategy that we announced in our follow-on offering completed in
This press release does not contain final results for the fourth quarter or the 2013 fiscal year.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "estimates," "projects," "typically," "anticipates," "believes," "appears," "could," "plan," and other similar words. Such statements include, but are not limited to, statements concerning future revenue and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, which include our ability to qualify more materials in which we can print; the availability of skilled personnel; the impact of increased operating expenses and expenses relating to proposed acquisitions, investments and alliances; our strategy, including the expansion and growth of our operations; the impact of loss of key management; our plans regarding
increased international operations in additional international locations; sufficiency of funds for required capital expenditures, working capital, and debt service; the adequacy of sources of liquidity; expectations regarding demand for our industrial products, operating revenues, operating and maintenance expenses, insurance expenses and deductibles, interest expenses, debt levels, and other matters with regard to outlook; demand for aerospace, automotive, heavy equipment, energy/oil/gas and other industrial products; the scope, nature or impact of acquisitions, alliances and strategic investments and our ability to integrate acquisitions and strategic investments; liabilities under laws and regulations protecting the environment; the impact of governmental laws and regulations; operating hazards, war, terrorism and cancellation or unavailability of insurance coverage; the effect of
litigation and contingencies; the impact of disruption of our manufacturing facilities or PSCs; the adequacy of our protection of our intellectual property; material weaknesses in our internal control over financial reporting and other factors disclosed in the Company's Annual Report on Form 10-K and other periodic reports filed with the
Should one or more of these risks or uncertainties materialize, or should any of
Brian SmithChief Financial Officer (724) 765-1350 firstname.lastname@example.org Deborah K. Pawlowski Kei Advisors LLC(716) 843-3908 email@example.com
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