Materialise Reports Third Quarter 2020 Results

Exchange Rate

This document contains translations of certain euro amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from euros to U.S. dollars in this document were made at a rate of EUR 1.00 to USD 1.1708, the reference rate of the European Central Bank on September 30, 2020.

Conference Call and Webcast

Materialise will hold a conference call and simultaneous webcast to discuss its financial results for the third quarter of 2020 on Thursday, October 29, 2020, at 8:30 a.m. ET/1:30 p.m. CET. Company participants on the call will include Wilfried Vancraen, Founder and Chief Executive Officer; Peter Leys, Executive Chairman; and Johan Albrecht, Chief Financial Officer. A question-and-answer session will follow management’s remarks.

  • To access the conference call, please dial 844-469-2530 (U.S.) or 765-507-2679 (international), passcode #6946774.

The conference call will also be broadcast live over the Internet with an accompanying slide presentation, which can be accessed on the company’s website at http://investors.materialise.com. A webcast of the conference call will be archived on the company's website for one year.

About Materialise

Materialise incorporates 30 years of 3D printing experience into a range of software solutions and 3D printing services, which form the backbone of the 3D printing industry. Materialise’s open and flexible solutions enable players in a wide variety of industries, including healthcare, automotive, aerospace, art and design, and consumer goods, to build innovative 3D printing applications that aim to make the world a better and healthier place. Headquartered in Belgium, with branches worldwide, Materialise combines the largest groups of software developers in the industry with one of the largest and most complete 3D printing facilities in the world.

Cautionary Statement on Forward-Looking Statements

This press 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, regarding, among other things, our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations, plans, objectives, strategies and prospects, both financial and business, including statements concerning, among other things, our results of operations, cash needs, capital expenditures, expenses, financial condition, liquidity, prospects, growth and strategies (including how our business, results of operations and financial condition could be impacted by the COVID-19 pandemic and related public health measures, as well as the related actions we are taking in response), and the trends and competition that may affect the markets, industry or us. Such statements are subject to known and unknown uncertainties and risks. When used in this press release, the words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “forecast,” “will,” “may,” “could,” “might,” “aim,” “should,” and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon the expectations of management under current assumptions at the time of this press release. These expectations, beliefs and projections are expressed in good faith and the Company believes there is a reasonable basis for them. However, the Company cannot offer any assurance that our expectations, beliefs and projections will actually be achieved. By their nature, forward-looking statements involve risks and uncertainties because they relate to events, competitive dynamics and industry change, and depend on economic circumstances that may or may not occur in the future or may occur on longer or shorter timelines than anticipated. We caution you that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. All of the forward-looking statements are subject to risks and uncertainties that may cause the Company's actual results to differ materially from our expectations, including risk factors described in the Company's most recent annual report on Form 20-F filed with the U.S. Securities and Exchange Commission. There are a number of risks and uncertainties that could cause the Company's actual results to differ materially from the forward-looking statements contained in this press release.

The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise, unless it has obligations under the federal securities laws to update and disclose material developments related to previously disclosed information.

Consolidated income statements (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended
September 30,

 

 

 

 

 

For the nine
months ended
September 30,

 

In 000

 

2020

 

 

2020

 

 

2019

 

 

 

 

 

2020

 

 

2019

 

 

 

U.S.$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

 

47,751

 

 

 

40,785

 

 

 

50,449

 

 

 

 

 

 

 

125,148

 

 

 

145,968

 

Cost of sales

 

 

(20,566)

 

 

 

(17,566)

 

 

 

(21,426)

 

 

 

 

 

 

 

(57,310)

 

 

 

(64,838)

 

Gross profit

 

 

27,186

 

 

 

23,220

 

 

 

29,023

 

 

 

 

 

 

 

67,838

 

 

 

81,129

 

Gross profit as % of revenue

 

 

56.9%

 

 

 

56.9%

 

 

 

57.5%

 

 

 

 

 

 

 

54.2%

 

 

 

55.6%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development expenses

 

 

(6,862)

 

 

 

(5,861)

 

 

 

(5,626)

 

 

 

 

 

 

 

(18,434)

 

 

 

(17,411)

 

Sales and marketing expenses

 

 

(12,896)

 

 

 

(11,015)

 

 

 

(13,545)

 

 

 

 

 

 

 

(33,700)

 

 

 

(38,797)

 

General and administrative expenses

 

 

(8,547)

 

 

 

(7,300)

 

 

 

(8,269)

 

 

 

 

 

 

 

(21,100)

 

 

 

(24,453)

 

Net other operating income (expenses)

 

 

1,355

 

 

 

1,157

 

 

 

1,332

 

 

 

 

 

 

 

2,733

 

 

 

3,959

 

Operating (loss) profit

 

 

235

 

 

 

201

 

 

 

2,916

 

 

 

 

 

 

 

(2,663)

 

 

 

4,427

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial expenses

 

 

(2,883)

 

 

 

(2,462)

 

 

 

(1,138)

 

 

 

 

 

 

 

(4,923)

 

 

 

(2,647)

 

Financial income

 

 

1.324

 

 

 

1,131

 

 

 

172

 

 

 

 

 

 

 

1,976

 

 

 

900

 

Share in loss of joint venture

 

 

-

 

 

 

-

 

 

 

(41)

 

 

 

 

 

 

 

(39)

 

 

 

(245)

 

(Loss) profit before taxes

 

 

(1,323)

 

 

 

(1,130)

 

 

 

1,909

 

 

 

 

 

 

 

(5,649)

 

 

 

2,434

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income taxes

 

 

894

 

 

 

764

 

 

 

(908)

 

 

 

 

 

 

 

497

 

 

 

(2,037)

 

Net (loss) profit for the period

 

 

(429)

 

 

 

(366)

 

 

 

1,001

 

 

 

 

 

 

 

(5,152)

 

 

 

397

 

Net (loss) profit attributable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The owners of the parent

 

 

(359)

 

 

 

(307)

 

 

 

929

 

 

 

 

 

 

 

(4,989)

 

 

 

325

 

Non-controlling interest

 

 

(69)

 

 

 

(59)

 

 

 

72

 

 

 

 

 

 

 

(163)

 

 

 

72

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share attributable to owners of the parent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

(0.01)

 

 

 

(0.01)

 

 

 

0.02

 

 

 

 

 

 

 

(0.01)

 

 

 

0.01

 

Diluted

 

 

(0.01)

 

 

 

(0.01)

 

 

 

0.02

 

 

 

 

 

 

 

(0.01)

 

 

 

0.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares outstanding

 

 

53,194

 

 

 

53,194

 

 

 

52,891

 

 

 

 

 

 

 

53,194

 

 

 

52,891

 

Weighted average diluted shares outstanding

 

 

53,194

 

 

 

53,194

 

 

 

52,970

 

 

 

 

 

 

 

53,194

 

 

 

52,930

 


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
SolidCAM - Learn More

Featured Video
Editorial
Latest Blog Posts
Sanjay GangalMCADCafe Lens
by Sanjay Gangal
NVIDIA GTC October 2020 Keynote
Jobs
Design Engineer - Tilt Up and Bracing for Commercial Metals Company at Dallas, Texas
Advanced Autonomous Vehicle Designer - AV/XD for Ford Motor Company at Palo Alto, California
Detailing/ PM Manager for Commercial Metals Company at Dallas, Texas
Coop Engineer I for Graco manufactures at Dexter, Michigan
Industrial Engineer for Yanfeng Automotive Interiors -YFAI at Louisville-Jefferson, Kentucky
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Upcoming Events
Simulation World at United States - Apr 20 - 21, 2021
PLM Road Map & PDT Spring 2021 at 3909 Research Park Drive Ann Arbor MI - May 19 - 20, 2021
RAPID + TCT at McCormick Place Chicago IL - Sep 13 - 15, 2021
WESTEC Online at Online CA - Sep 21 - 23, 2021
Kenesto: 30 day trial



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise