ExOne Co

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Nov 12, 2021. Its latest SEC filing is a SC 13G/A from Feb 14, 2022.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Sells industrial three-dimensional printing machines and printed products, and supplies related materials and services to industrial customers.

How Did They Make Money?

Industrial customers buy ExOne's 3D printing machines, printed products, materials and services. Machine terms vary and may include advance payments; product and material bills are generally due 30 to 60 days after delivery, while services are billed in advance or as work is performed.

revenue

Segment	Share	Revenue	How money arrives
3D Printing Machines Sold outright	53% FY2017: 52%		Sold outright
3D Printed and Other Products, Materials and Services Mix	47% FY2017: 48%		Mix

Who Were Their Customers?

Industrial customers buy machines and printed products, materials and services. ExOne sells mainly through its global sales force, with local representatives in some territories; Adoption Center offerings are sold directly to customers.

Did Revenues Turn Into Profits?

No. It lost $14.9M in FY2020.

Operating income, FY2020

−23% of revenue

▼ −8% (Loss) vs FY2019 (−$15M, −28%)

Net income, FY2020

−25% of revenue

▼ −1% (Loss) vs FY2019 (−$15.1M, −28%)

Free cash flow, FY2020

−25% of revenue

▲ +152% (Loss) vs FY2019 (−$6M, −11%)

How Were They Changing?

Since the FY2020 annual report

Latest quarter: Q3 FY2021, the three months to Sep 30, 2021

Revenue: ▲ +9%; vs $17.4M in Q3 FY2020
Net income: ▲ +50% (Loss); vs −$3.3M in Q3 FY2020

3D Printing Machines share of revenue vs 60.3% in Q3 FY2020

Nov 12, 2021 Desktop Metal completed its acquisition of ExOne ExOne became a wholly owned subsidiary; shareholders received $8.50 in cash and 2.1416 Desktop Metal shares per ExOne share.

Grew. Revenue grew 24% in 4 years, from $47.8M in FY2016 to $59.3M in FY2020, about 6% a year.

Revenue over time

3D Printing Machines 3D Printed and Other Products, Materials and Services

$100M$50M$0

FY2016 FY2017 FY2018 FY2019 FY2020

Who Did They Compete With?

Competes with 3D Systems, Desktop Metal, EOS, General Electric, Hewlett-Packard, Markforged, SLM Solutions, Stratasys, and Voxeljet

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