April 10, 2013
The CEO of ExOne Co (XONE.O), the 3D printer maker that went public in February, said its gross margin could exceed 50 percent within three years.
ExOne's stock has risen 72 percent since it placed shares on the Nasdaq at $18.00 on February 7. And it has a market value of about $400 million.
ExOne Chief Executive Kent Rockwell told Reuters in an interview that the company was aiming to raise its annual revenue to $100 million within three years and could be able to sustain the 50 percent margin level.
ExOne has forecast its 2013 gross margin of 42 percent to 46 percent on revenue of $48 million to $52 million, which will bring the company closer to its peers 3D Systems Corp (DDD.N) and Stratasys Ltd (SSYS.O).
As part of its expansion into the emerging markets of South America and Asia ExOne plans to open three production service centers (PSCs) this year, one in the U.S., a second one in Japan, and the third one would be in South America.
The company also plans to expand further in Asia, which accounted for 30 percent of revenue last year. As well as Japan, the company has sold its products in China, Taiwan and India, said Rockwell.
As a spinoff of Extrude Hone Corp. ExOne develops 3D printers which can print on diverse materials including stainless steel, bronze, glass, silica sand and ceramics. Rockwell expected the company to add at least three new materials and get seven or eight materials certified to industrial standard over the next three years.
Posted in 3D Printing Company
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