The 3D printing market hasn’t fully boomed just yet, but Q1 of 2016 shows improvements from some of the biggest companies in the industry.
Well folks, the first quarter business numbers are starting to come in from the top dog companies within the 3D printing industry, and the forecast thus far shows a relatively calm, but potentially alarming revenue and profit losses, particularly in the more well-known industry names. In order to put these numbers in some kind of perspective, let’s compare the numbers from impactful 3D printing companies such as Stratasys, 3D Systems, Proto Labs, Materialise, Voxeljet and ExOne.
Who better to start with than Stratasys, who saw a revenue of $167.9 million in the first quarter of 2016, which is a 2.8% decrease from last year’s 2015 Q1. Now, no one wants to see a decrease in revenue, regardless of the percentage, but considering that their subsidiary business MakerBot declined a whopping 23% in revenue, it seems that things could be worse for Stratasys. In fact the sales of Stratasys machines, such as the top level Fortus 900mc systems (as seen in the top image featuring Italian 3D printing service/factory Spring srl), seem to be doing just fine, in spite of low-cost competition arising from every corner.
They seem to be edging out their competitor 3D Systems still, who brought in a revenue of $152.6 million, which is a decrease of 5% compared to last year. Smaller companies, such as ExOne, showed some growth in the revenue department. ExOne brought in just $8.4 million, but this proved a growth of 24% compared to the $6.8 million brought in during Q1 2015. The Germany-based Voxeljet AG actually saw a 12.9% decrease in revenue, down to around $5,497,012. Still, the recent establishment of subsidiaries in China and India give Voxeljet an overall positive outlook for the remainder of the 2016.
Stratasys and 3D Systems also reported losses on the income front, both of which had relatively large net losses to report in the first quarter. Stratasys reported a GAAP net loss of $23.1 million, while 3D Systems had a GAAP net loss of 17.8 million, though both losses are vast improvements compared to last year. For example, during the same quarter last year, Stratasys reported a GAPP net loss $216.3 million. So it’s safe to say that, although neither company has the explosive boom they may have hoped for, things are looking up for these 3D printing giants, and thus, the 3D printing industry as a whole.
A Positive Financial Q1 for Services
3D printing service providers, such as Proto Labs and Materialise, are showing an increase of revenue, proving that there is some boom within 3D printing market. Proto Labs brought in $72.6 million, which was a major increase (24%) from last year’s first quarter revenue of $58.5 million. The Belgium-based company Materialise showed a revenue of just under $30.42 million, which was a 14.2% growth from the prior year. As far as income goes, these 3D printing service providers seem to be in a better current position than Stratasys and 3D Systems.
Particularly with Proto Labs, who reported a net income of $10.7 million, a 14.69% growth from last year. Perhaps the secret to their success is their broad approach to providing rapid prototyping services, which includes not just 3D printing, but also CNC machines and injection molding services. Materialise showed a net profit of around $3.6 million, showing a slower, yet steady growth of 7.65%.