Binder jet 3D printer manufacturer voxeljet has reported a 14.3% percent revenue growth in its Q1 2022 financials, driven largely by its on-demand 3D printing segment. Despite returning to growth in Q3 2020, the company’s Q1 2022 revenue remains below pre-Covid figures, coming in at around €1 million less than the €5.6 million generated during Q1 2019. Although the firm saw a 33% dip in revenue from its Systems segment, attributed primarily to reduced sales of 3D printers during the quarter, voxeljet CEO Dr. Ingo Ederer explained the increasing activities of the company’s Services division contributed strongly to the total Q1 2022 growth. During Q1 2022, voxeljet’s Systems lost its title as the firm’s highest-earning division, with revenue down 32% from €2 million in Q1 2021 to €1.4 million in Q1 2022. Systems revenue represented just under 31% of voxeljet’s total revenue for Q1 2022, compared to 51% in Q1 2021. Regarding profitability, the company’s gross profit margin for Q1 2022 was €1.6 million compared to €1.03 million in Q1 2021, while its profit margin grew to 34% from 25.6%. Alongside its financials, voxeljet revealed a backlog of nine 3D printers during Q1 2022 worth €5.7 million, compared to a backlog of €3.9 million in Q4 2021 representing seven 3D printers. In its Q1 2022 financial report, voxeljet reaffirmed its revenue guidance for FY 2022 to be in the range of €25 million and €30 million.

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