voxeljet (VJTTY) 6-K19 May 222022 Q1 Current report (foreign)Financial data

Company Profile

Document and Entity Information

Document and Entity Information	3 Months Ended	9 Months Ended
Document and Entity Information	Mar. 31, 2022	Sep. 30, 2021
Document and Entity Information
Document Type	6-K	6-K
Document Period End Date	Mar. 31, 2022	Mar. 31, 2022
Entity Registrant Name	voxeljet AG	voxeljet AG
Entity Central Index Key	0001582581	0001582581
Current Fiscal Year End Date	--12-31	--12-31
Document Fiscal Year Focus	2022	2022
Document Fiscal Period Focus	Q1	Q1
Amendment Flag	false	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - EUR (€) € in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets
Current assets	€ 41,918	€ 42,748
Cash and cash equivalents	7,396	7,027
Other financial assets	16,042	18,522
Trade receivables	5,015	6,107
Inventories	11,486	9,482
Income tax receivables	25	23
Other assets	1,954	1,587
Non-current assets
Non-current assets	24,307	24,711
Other financial assets	235	4
Intangible assets	822	878
Property, plant and equipment	23,149	23,719
Other assets	101	110
Total assets	66,225	67,459
Current liabilities
Current liabilities	23,570	21,716
Trade payables	3,026	2,594
Contract liabilities	3,281	2,132
Other financial liabilities	15,198	14,882
Other liabilities and provisions	2,065	2,108
Non-current liabilities
Non-current liabilities	12,441	13,256
Contract liabilities	211	231
Deferred tax liabilities	53	87
Other financial liabilities	12,177	12,938
Equity
Equity	30,214	32,487
Subscribed capital	7,027	7,027
Capital reserves	110,307	110,264
Accumulated deficit	(86,662)	(85,974)
Accumulated other comprehensive gain (loss)	(163)	1,400
Equity attributable to the owners of the company	30,509	32,717
Non-controlling interests	(295)	(230)
Total equity and liabilities	€ 66,225	€ 67,459

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - EUR (€) € in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Revenues	€ 4,640	€ 4,060
Cost of sales	(3,049)	(3,021)
Gross profit	1,591	1,039
Selling expenses	(1,637)	(1,448)
Administrative expenses	(1,677)	(1,483)
Research and development expenses	(1,441)	(1,604)
Other operating expenses	(158)	(101)
Other operating income	2,204	914
Operating loss	(1,118)	(2,683)
Finance expense	(1,048)	(5,801)
Finance income	1,399	103
Financial result	351	(5,698)
Loss before income taxes	(767)	(8,381)
Income tax (expense) income	14	52
Net loss	(753)	(8,329)
Other comprehensive income (loss) that may be reclassified subsequently to profit or loss	(88)	(171)
Total comprehensive loss	(841)	(8,500)
Loss attributable to:
Owner of the Company	(688)	(8,303)
Non-controlling interests	(65)	(26)
Net loss	(753)	(8,329)
Total comprehensive loss attributable to:
Owner of the Company	(776)	(8,474)
Non-controlling interests	(65)	(26)
Total comprehensive loss	€ (841)	€ (8,500)
Weighted average number of shares outstanding - basic (in shares)	7,026,711	5,503,378
Loss per share - basic (in EUR per share)	€ (0.10)	€ (1.51)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (parenthetical) - EUR (€) € in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Thereof income (expense) from changes in impairment allowance included in other operating income (expense)	€ (73)	€ 18

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - EUR (€) € in Thousands	Equity attributable to owners of parent	Subscribed capital	Capital reserves	Accumulated deficit	Accumulated other comprehensive gain (loss)	Non-controlling interests	Total
Balance at the beginning at Dec. 31, 2020	€ 19,796	€ 4,836	€ 88,748	€ (75,463)	€ 1,675	€ (155)	€ 19,641
Loss for the period	(8,303)			(8,303)		(26)	(8,329)
Foreign currency translations	(171)				(171)		(171)
Issue of ordinary shares in the form of ADS, net of transaction costs and tax	15,953	1,065	14,888				15,953
Equity-settled share-based payment	166		166				166
Balance at the end at Mar. 31, 2021	27,441	5,901	103,802	(83,766)	1,504	(181)	27,260
Balance at the beginning at Dec. 31, 2020	19,796	4,836	88,748	(75,463)	1,675	(155)	19,641
Loss for the period							(10,586)
Balance at the end at Dec. 31, 2021	32,717	7,027	110,264	(85,974)	1,400	(230)	32,487
Loss for the period	(688)			(688)		(65)	(753)
Foreign currency translations	(88)				(88)		(88)
Reclassification to profit or loss on deconsolidation of subsidiary	(1,475)				(1,475)		(1,475)
Equity-settled share-based payment	43		43				43
Balance at the end at Mar. 31, 2022	€ 30,509	€ 7,027	€ 110,307	€ (86,662)	€ (163)	€ (295)	€ 30,214

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS € in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2022EUR (€)	Mar. 31, 2021EUR (€)
Cash Flow from operating activities
Loss for the period	€ (753)	€ (8,329)
Depreciation and amortization	719	786
Foreign currency exchange differences on loans to subsidiaries	(462)	(672)
Foreign currency translation reserve reclassified to profit or loss	(1,475)
Change in fair value of bond funds	443	45
Share-based compensation expense	43	166
Change in impairment of trade receivables	73	(18)
Non-cash interest expense on long-term debt	544	421
Change in fair value of derivative equity forward	(1,316)	5,188
Change in inventory allowance	164
Loss on disposal of intangibles and property, plant and equipment	19	1
Interest paid	189	67
Interest received	(87)	(30)
Other	(32)	(160)
Change in working capital	207	778
Trade and other receivables, inventories and current assets	(1,328)	(162)
Trade payables	390	472
Other liabilities, contract liabilities and provisions	1,147	996
Change in restricted cash		(520)
Income tax payable/receivables	(2)	(8)
Total	(1,724)	(1,757)
Cash Flow from investing activities
Payments to acquire property, plant and equipment and intangible assets	(264)	(44)
Proceeds from disposal of financial assets	2,653
Payments to acquire financial assets		(7,462)
Interest received	87	30
Total	2,476	(7,476)
Cash Flow from financing activities
Repayment of lease liabilities	(89)	(82)
Repayment of long-term debt	(140)	(202)
Proceeds from issue of ordinary shares in the form of ADS		18,153
Share issue cost		(2,200)
Change in restricted cash		(2,000)
Interest paid	(189)	(67)
Total	(418)	13,602
Net increase (decrease) in cash and cash equivalents	334	4,369
Cash and cash equivalents at beginning of period	7,027	5,324
Changes to cash and equivalents due to foreign exchanges rates	35	68
Cash and cash equivalents at end of period	€ 7,396	€ 9,761

Preparation of financial statem

Preparation of financial statements	3 Months Ended
Preparation of financial statements	Mar. 31, 2022
Preparation of financial statements
Preparation of financial statements	voxeljet AG NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 1. Preparation of financial statements Our condensed consolidated interim financial statements include the accounts of voxeljet AG Our condensed consolidated interim financial statements were prepared in compliance with all applicable measurement and presentation rules contained in International Financial Reporting Standards (‘IFRS’) as set forth by the International Accounting Standards Board (‘IASB’) and Interpretations of the IFRS Interpretations Committee (‘IFRIC’). The designation IFRS also includes all valid International Accounting Standards (‘IAS’); and the designation IFRIC also includes all valid interpretations of the Standing Interpretations Committee (‘SIC’). Specifically, these financial statements were prepared in accordance with the disclosure requirements and the measurement principles for interim financial reporting purposes specified by IAS 34. Our condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto that are included in the Company’s Annual Report on Form 20-F for the year ended December 31, 2021. The results of operations for the three months ended March 31, 2022, are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2022. The IASB issued a number of new IFRS standards which are required to be adopted in annual periods beginning after December 31, 2021. Standard Effective date Descriptions IFRS 3 01/2022 Reference to the Conceptual Framework IAS 16 01/2022 Proceeds before intended use IAS 37 01/2022 Onerous contracts – Cost of Fulfilling a Contract IFRS 1, IFRS 9, IFRS 16 and IAS 41 01/2022 Annual Improvements to IFRS Standards 2018–2020 (IFRS 1, IFRS 9, IFRS 16 and IAS 41) IFRS 17 01/2023 Amendments to IFRS 17 Insurance Contracts IAS 1 01/2023 Classifications of Liabilities as Current or Non-Current (Amendment to IAS 1) IAS 1 01/2023 Amendment to IAS 1 - Disclosure of Accounting Policies IAS 8 01/2023 Amendment to IAS 8 - Definition of Accounting Estimate IAS 12 01/2023 Amendments to IAS 12 - Deferred Taxes in connection with Assets and Liabilities arising from a single transaction IFRS 17 and IFRS 9 01/2023 Initial Application of IFRS 17 and IFRS 9―Comparative Information (Amendment to IFRS 17) The adoption of standards effective 01/2022 did not have a material impact on the interim financial statements as of and for the three months ended March 31, 2022. The Company has not yet conclusively determined what impact the new standards, amendments or interpretations effective 01/2023 or later will have on its financial statements, but does not expect they will have a significant impact. The condensed consolidated interim financial statements as of and for the three months ended March 31, 2022 and 2021 were authorized for issue by the Management Board on May 19, 2022. Going concern The financial statements have been prepared on the basis of going concern which contemplates continuity of normal business activities and the realization of assets and settlement of liabilities in the ordinary course of business. voxeljet has recognized continuous net losses during the three months ended March 31, 2022, full year 2021, 2020 and 2019 amounting to kEUR 753, kEUR 10,586, kEUR 15,481 and kEUR 13,978, respectively. Additionally, voxeljet had negative cash flows from operating activities in the three months ended March 31, 2022, full year 2021, 2020 and 2019 of kEUR 1,724, kEUR 6,537, kEUR 6,598, kEUR 6,592, respectively, mainly due to continuous net losses. The impacts from the global outbreak of COVID-19, like lower demand in both, the Systems and the Services segment due to postponements of larger investments and lower business activities from voxeljet’s clients, or travel restrictions which prohibited or hindered visits to the Company’s customers, lessened throughout fiscal year 2021 and into the first quarter of 2022. The worldwide market demand recovered to the same level compared to before the outbreak of the pandemic and the Company is able to offer installations and service visits in most regions of the world. In spite of the recovery as well as the positive trends, the continuing prevalence of the COVID-19 pandemic in certain countries as well as globally continues to pose the risk and likelihood for further lockdowns, travel restrictions and drops in demand. Further actions taken by government institutions, such as lockdowns, could result in a decrease in market demand, which could potentially result in lower cash inflows. During 2021, in January, February and July, the Company successfully completed three registered direct offerings and sales of a total of 2,190,711 ADSs, which provided voxeljet with total gross proceeds of approximately USD 32.0 million (€ 26.6 million) before deducting fees and expenses. Those capital increases improved the Company’s liquidity as well as equity ratio significantly. In spite of this success, voxeljet has significant financial obligations related to the repayment of tranche A including the performance participation interest from the loan received from the EIB. Tranche A will become due in December 2022 amounting to € 14.6 million reduced or increased by fair value changes of the performance participation interest. Additionally, the Company has to ensure, compliance with all covenants in the Finance Contract, including a Minimum Cash/Cash Equivalents requirement (the “Minimum Cash Covenant”). Management is taking several steps to mitigate the situation and prepares currently for two different scenarios. Scenario 1: Restructuring of debt with EIB and fund raising Currently management is in discussion with the EIB in order to agree upon a drawdown of tranche B2 and tranche C of the loan amounting to € 10.0 million and therefore restructure the debt. After several promising meetings with representatives of EIB, management feels confident that a drawdown of tranche B2 as well as tranche C would be feasible in the next months. In addition, management is taking further steps to raise additional funds which may include debt or equity financing, not without mentioning that there can be no assurance that voxeljet will be able to raise further funds on terms favorable to the Company, if at all. The steps already initiated by management include several meetings with potential new as well as existing investors and banks, which have taken place in early April 2022 in New York City. The overall feedback was positive and different parties indicated that there is serious interest for participations in further capital increases from both, new as well as existing investors. Management assesses scenario 1 as reasonably certain if triggered by the Company and believes that an execution would ensure that voxeljet will continue as a going concern. Scenario 2: Sale and leaseback of voxeljet AG’s properties located in Germany and settlement of loan contract with EIB Management initiated steps in order to sell the properties of voxeljet AG in Germany to an investor and lease those back by negotiating for a long term lease contract. In this course, the Company has already identified several investors who have serious interest. Visits of the premises at voxeljet’s headquarters have already taken place in the first quarter of 2022 and management actually received several letters of intent from different parties. voxeljet has assessed the different offers and awarded exclusivity period to one of the investors in order to start the due diligence. Due to the positive development of the market for real estate in Germany during the last years, management would expect a favorable selling price of the properties. At the same time, the Company would fully settle the loan contract with EIB including the repayment of tranche A and B1, including all interests. Representatives of EIB already indicated that they would not deny such a settlement. Management is of the opinion that scenario 2 is reasonably certain if triggered by the Company and believes that an execution of scenario 2 would also ensure that voxeljet will continue as a going concern. The ongoing conflict between Russia and Ukraine raises further risks and uncertainties. The heightened use of trade restrictions and sanctions, including tariffs or prohibitions on technology transfers to achieve diplomatic ends could impact voxeljet’s ability to conduct its business as planned. A spill-over of the conflict to neighboring countries, the European Union or NATO members, could result into further adverse impacts on the Company’s business, like a drop in market demand, price increases for raw materials and energy or delays in the global supply chain. These events and conditions described above raise material uncertainties that may cast significant doubt upon voxeljet’s ability to continue as a going concern. Despite the ongoing losses, reduced cash flow and cash facilities as well as the significant financial obligations becoming due, management assumes that voxeljet will continue as a going concern. However, while management assumes of continuing as a going concern, the going concern is dependent upon management and the Company being successful in: - achievement of budgeted sales, and - successful negotiations with the EIB over the drawdown of tranche B2 and tranche C under the Finance Contract, and successful fund raising in form of equity or debt, or - successful agreement on a sale and leaseback transaction with an investor regarding voxeljet AG’s properties in Germany in combination with a early settlement of the loans granted by the EIB including all interests Those assumptions and both scenarios are included in the Company’s current liquidity forecasts, and management believes that the Company has the ability to meet its financial obligations for at least the next 12 months from the authorization for issuance of these condensed consolidated interim financial statements as of and for the three months ended March 31, 2022 by the Management Board on May 19, 2022 and therefore continues as a going concern.

Summary of significant accounti

Summary of significant accounting policies	3 Months Ended
Summary of significant accounting policies	Mar. 31, 2022
Summary of significant accounting policies
Summary of significant accounting policies	2. Summary of significant accounting policies The principal accounting policies applied in the preparation of these interim financial statements are set out in the Company’s financial statements as of December 31, 2021, which can be found in its Annual Report on Form 20-F that was filed with the U.S. Securities and Exchange Commission on March 31, 2022. These policies have been applied to all financial periods presented.

Share based payment arrangement

Share based payment arrangements	3 Months Ended
Share based payment arrangements	Mar. 31, 2022
Share based payment arrangements
Share based payment arrangements	3. Share based payment arrangements On April 7, 2017, voxeljet AG established a share option plan that entitles key management personnel and senior employees of voxeljet AG and its subsidiaries to purchase shares of the parent company. Total options available under the share option plan are 372,000. On April 7, 2017, 279,000 options (75%, Tranche 1) were granted. On April 12, 2018, 93,000 options (25%, Tranche 2) were granted. The vesting conditions include a service condition (the options vest after a period of four years of continued service from the respective grant date) and a market condition (the options may only be exercised if the share price exceeds the exercise price over a period of 90 consecutive days by at least 20% in the period between the grant date and the respective exercise time frame) of which both conditions must be met. The fair value of the employee share option plan has been measured for Tranches 1 and 2 using a Monte Carlo simulation. The market condition has been incorporated into the fair value at grant date. The inputs used in the measurement of the fair value at grant date are as follows: Tranche 1 Tranche 2 Parameter Share price at grant date USD 13.80 USD 16.15 Exercise price USD 13.90 USD 16.15 Expected volatility 55.00% 58.40% Expected dividends -- -- Risk-free interest rate 2.49% 2.85% Fair value at grant date USD 8.00 USD 9.74 The respective expected volatility has been based on an evaluation of the historical volatility of the Company’s share price as of the grant date. As of March 31, 2022 265,050 options are exercisable and 353,400 options are outstanding. The weighted-average contractual life of the options at March 31, 2022 amounts to 5.3 years (March 31, 2021: 6.3 years). The expenses recognized in the profit and loss statement in relation to the share-based payment arrangements amounted to kEUR 43 in the three months ended March 31, 2022 (three months ended March 31, 2021: kEUR 166).

Inventories

Inventories	3 Months Ended
Inventories	Mar. 31, 2022
Inventories
Inventories	4. Inventories 3/31/2022 12/31/2021 (€ in thousands) Raw materials and merchandise 3,618 2,978 Work in progress 7,868 6,504 Total 11,486 9,482

Property, plant and equipment,

Property, plant and equipment, net	3 Months Ended
Property, plant and equipment, net	Mar. 31, 2022
Property, plant and equipment, net
Property, plant and equipment, net	5. Property, plant and equipment, net 3/31/2022 12/31/2021 (€ in thousands) Land, buildings and leasehold improvements 17,550 18,048 Plant and machinery 4,117 4,329 Other facilities, factory and office equipment 861 894 Assets under construction and prepayments made 621 448 Total 23,149 23,719 Thereof pledged assets of Property, Plant and Equipment 12,080 12,261 In March 2020, voxeljet registered a first rank land charge amounting to kEUR 10,000 on its land and facility located in Friedberg, Germany as collateral in favor of the European Investment Bank (the ‘EIB’) related to the loan, entered into with the EIB under the Finance Contract, dated November 9, 2017.

Other liabilities and provision

Other liabilities and provisions	3 Months Ended
Other liabilities and provisions	Mar. 31, 2022
Other liabilities and provisions
Other liabilities and provisions	6. Other liabilities and provisions 3/31/2022 12/31/2021 (€ in thousands) Employee bonus 495 512 Accruals for vacation and overtime 367 230 Liabilities from payroll 285 255 Accruals for compensation of Supervisory board 225 180 Accrual for warranty 215 292 Accruals for management compensation 150 83 Accruals for commissions 115 298 Accruals for licenses 59 92 Liabilities from VAT 36 50 Others 118 116 Total 2,065 2,108

Financial instruments

Financial instruments	3 Months Ended
Financial instruments	Mar. 31, 2022
Financial instruments
Financial instruments	7. Financial instruments The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. Carrying amount Fair Value Assets at Liabilities Total Total FVTPL FVOCI amortized at amortized carrying fair 3/31/2022 cost cost amount Level 1 Level 2 Level 3 value Total assets 13,884 3 14,801 -- 28,688 Current assets 13,652 -- 14,801 -- 28,453 Cash and cash equivalents -- -- 7,396 -- 7,396 Other financial assets 13,652 -- 2,390 -- 16,042 10,257 3,395 -- 13,652 Derivative financial instruments 3,395 -- -- -- 3,395 -- 3,395 -- 3,395 Bond funds 10,257 -- -- -- 10,257 10,257 -- -- 10,257 Restricted cash -- -- 2,390 -- 2,390 -- -- -- -- Trade receivables, net -- -- 5,015 -- 5,015 Non-current assets 232 3 -- -- 235 Other financial assets 232 3 -- -- 235 3 232 -- 235 Derivative financial instruments 232 -- -- -- 232 -- 232 -- 232 Equity securities -- 3 -- -- 3 3 -- -- 3 Total liabilities -- -- -- 27,522 30,401 Current liabilities -- -- -- 17,541 18,224 Trade payables -- -- -- 3,026 3,026 Other financial liabilities -- -- -- 14,515 15,198 -- -- 15,073 15,073 Current portion of long-term debt -- -- -- 14,515 14,515 -- -- 15,073 15,073 Lease liability -- -- -- -- 683 -- -- -- n/a Non-current liabilities -- -- -- 9,981 12,177 Other financial liabilities -- -- -- 9,981 12,177 -- -- 12,307 12,307 Long-term debt -- -- -- 9,981 9,981 -- -- 12,307 12,307 Lease liability -- -- -- -- 2,180 -- -- -- n/a Security deposit -- -- -- -- 16 -- -- -- n/a Carrying amount Fair Value Assets at Liabilities Total FVTPL FVOCI amortized at amortized carrying 12/31/2021 cost cost amount Level 1 Level 2 Level 3 Total Total assets 13,525 4 18,131 -- 31,660 Current assets 13,525 -- 18,131 -- 31,656 Cash and cash equivalents -- -- 7,027 -- 7,027 Other financial assets 13,525 -- 4,997 -- 18,522 10,699 2,826 -- 13,525 Bond funds 10,699 -- -- -- 10,699 10,699 -- -- 10,699 Term deposit -- -- 2,655 -- 2,655 -- -- -- -- Restricted cash -- -- 2,342 -- 2,342 -- -- -- -- Derivative financial instruments 2,826 -- -- -- 2,826 -- 2,826 -- 2,826 Trade receivables, net -- -- 6,107 -- 6,107 Non-current assets -- 4 -- -- 4 Other financial assets -- 4 -- -- 4 4 -- -- 4 Equity securities -- 4 -- -- 4 4 -- -- 4 Total liabilities 516 -- -- 26,672 30,414 Current liabilities -- -- -- 16,879 17,476 Trade payables -- -- -- 2,594 2,594 Other financial liabilities -- -- -- 14,285 14,882 -- -- 15,362 15,362 Current portion of long-term debt -- -- -- 14,285 14,285 -- -- 15,362 15,362 Lease liability -- -- -- -- 597 -- -- -- n/a Non-current liabilities 516 -- -- 9,793 12,938 Other financial liabilities 516 -- -- 9,793 12,938 -- 516 13,826 14,342 Derivative financial instruments 516 -- -- -- 516 -- 516 -- 516 Long-term debt -- -- -- 9,793 9,793 -- -- 13,826 13,826 Lease liability -- -- -- -- 2,613 -- -- -- n/a Security deposit -- -- -- -- 16 -- -- -- n/a The valuation techniques used to determine the fair value of financial instruments include the use of quoted market prices or dealer quotes for similar instruments as well as discounted cash flow analysis. The fair value of the Company’s investments in the bond funds was determined based on the quoted unit prices received by the fund management company. The fair value of equity securities is determined by multiplying their share price and the number of shares held. The fair values of the derivative financial instruments that are not traded in an active market are determined using valuation techniques which maximize the use of observable market data and rely as little as possible on entity-specific estimates. The fair values have been determined based on share prices and the relevant discount rates. The fair value of long-term debt was determined using discounted cash flow models based on the relevant forward interest rate yield curves, considering the credit risk of voxeljet. Due to their short maturity and the current low level of interest rates, the carrying amounts of cash and cash equivalents, restricted cash, trade receivables, trade payables, term deposit, credit lines and bank overdrafts approximate their fair values. The Group’s policy is to recognize transfers into and transfers out of fair value hierarchy levels as at the end of each quarter. As of March 31, 2022, there were no transfers of financial instruments measured at fair value between level 1, level 2 and level 3. As of March 31, 2022, the Company was in compliance with all covenants related to the loan granted by the EIB.

Financial result

Financial result	3 Months Ended
Financial result	Mar. 31, 2022
Financial result
Financial result	8. Financial result Quarter Ended March 31, 2022 2021 (€ in thousands) Finance expense (1,048) (5,801) Interest expense on lease liabilities (36) (36) Long-term debt (567) (524) Expense from revaluation of derivative financial instruments -- (5,188) Change in fair value of bond funds (443) (49) Other (2) (4) Finance income 1,399 103 Payout of bond funds 77 31 Income from revaluation of derivative financial instruments 1,316 -- Change in fair value of bond funds -- 4 Other 6 68 Financial result 351 (5,698)

Segment reporting

Segment reporting	3 Months Ended
Segment reporting	Mar. 31, 2022
Segment reporting
Segment reporting	9. Segment reporting The following table summarizes segment reporting. The sum of the amounts of the two segments equals the total for the Group in each of the periods. Three months ended March 31, 2022 (€ in thousands) SYSTEMS SERVICES CONSOLIDATION GROUP Revenues 1,438 3,222 (20) 4,640 third party 1,418 3,222 -- 4,640 inter-segment 20 -- (20) — Cost of sales 1,172 1,877 3,049 Gross profit 246 1,345 1,591 Gross profit in % 17.3 % 41.7 % 34.3 % Operating Expenses (4,755) Other operating expenses (158) Other operating income 2,204 Operating loss (1,118) Finance expense (1,048) Finance income 1,399 Financial result 351 Loss before income taxes (767) Income tax income (expense) 14 Net loss (753) Three months ended March 31, 2021 (€ in thousands) SYSTEMS SERVICES CONSOLIDATION GROUP Revenues 2,979 1,973 (892) 4,060 third party 2,087 1,973 -- 4,060 inter-segment 892 -- (892) — Cost of sales 1,506 1,515 3,021 Gross profit 581 458 1,039 Gross profit in % 27.8 % 23.2 % 25.6% Operating Expenses (4,535) Other operating expenses (101) Other operating income 914 Operating loss (2,683) Finance expense (5,801) Finance income 103 Financial result (5,698) Loss before income taxes (8,381) Income tax income (expense) 52 Net loss (8,329)

Revenues

Revenues	3 Months Ended
Revenues	Mar. 31, 2022
Revenues
Revenues	10. Revenues Three months ended March 31, SYSTEMS SERVICES 2022 2021 2022 2021 (€ in thousands) Primary geographical markets EMEA 900 1,424 2,193 1,382 Asia Pacific 144 394 220 141 Americas 374 269 809 450 1,418 2,087 3,222 1,973 Timing of revenue recognition Products transferred at a point in time 1,278 1,816 3,222 1,973 Products and services transferred over time 140 271 -- -- Revenue from contracts with customers 1,418 2,087 3,222 1,973 Three months ended March 31, 2022 2021 (€ in thousands) EMEA 3,093 2,806 Germany 1,553 846 Finland 8 657 Great Britain 429 375 Switzerland 143 247 France 264 138 Others 696 543 Asia Pacific 364 535 South Korea 70 256 China 200 232 India 33 9 Others 61 38 Americas 1,183 719 United States 1,176 711 Others 7 8 Total 4,640 4,060

Commitments, contingent assets

Commitments, contingent assets and liabilities	3 Months Ended
Commitments, contingent assets and liabilities	Mar. 31, 2022
Commitments, contingent assets and liabilities
Commitments, contingent assets and liabilities	11. Commitments, contingent assets and liabilities In connection with the enforcement of voxeljet’s intellectual property rights, the acquisition of third-party intellectual property rights, or disputes related to the validity or alleged infringement of the Company’s or a third party’s intellectual property rights, including patent rights, voxeljet has been and may in the future be subject or party to claims, negotiations or complex, protracted litigation. In March 2018, ExOne GmbH, a subsidiary of The ExOne Company, notified voxeljet of its intent not to pay its annual license fees under an existing intellectual property-related agreement and asserted its rights to claim damages pursuant to an alleged material breach of the agreement. At this time, the Company cannot reasonably estimate a contingency, if any, related to this matter. On November 12, 2021, The ExOne Company and its affiliates were acquired by DESKTOP METAL, INC. voxeljet AG issued letters of support to voxeljet’s subsidiaries voxeljet China and voxeljet America to provide financial support to enable the subsidiaries to meet their obligation or liabilities as and when they fall due. The guarantee is irrecoverable for at least 12 months from the date of financial statements for the financial year ended December 31, 2021, are signed. Management assessed that it is unlikely that the subsidiaries would exercise this letter.

Related party transactions

Related party transactions	3 Months Ended
Related party transactions	Mar. 31, 2022
Related party transactions
Related party transactions	12. Related party transactions Name Nature of relationship Duration of relationship Franz Industriebeteiligungen AG, Augsburg Lessor 10/01/2003-Current Schlosserei und Metallbau Ederer, Dießen Supplier 05/01/1999-Current Suzhou Meimai Fast Manufacturing Technology Co., Ltd, Suzhou Minority shareholder of voxeljet China, Customer 04/11/2016-09/01/2021 DSCS Digital Supply Chain Solutions GmbH, Gersthofen Customer 05/11/2017-Current Michele Neuber Employee 07/01/2019 - 03/31/2022 Susanne Ederer-Pausewang Customer 03/17/2021-Current Lisa Franz Employee 10/01/2021-02/18/2022 Transactions with Franz Industriebeteiligungen AG comprise the rental of office space in Augsburg, Germany. Rental expenses amounted to kEUR 1, in each, first quarter 2022 and first quarter 2021. Further, voxeljet acquired goods amounting to kEUR 0 and kEUR 0 in the first quarter of 2022 and 2021, respectively from ‘Schlosserei und Metallbau Ederer’, which is owned by the brother of Dr. Ingo Ederer, the Chief Executive Officer of voxeljet. Moreover, voxeljet received orders amounting to kEUR 99 and kEUR 5 in the first quarter of 2022 and 2021, respectively from Suzhou Meimai Fast Manufacturing Technology Co., Ltd., which was our minority shareholder for voxeljet China until September 1, 2021. On this date, Meimai transferred half of its equity interest in voxeljet China, or 15% of voxeljet China’s equity, to its shareholder MK Holding GmbH and the remaining half of its equity interest, or 15% of voxeljet China’s equity to its shareholder Mr. Jin Tianshi, the managing director of voxeljet China. As a result, as of September 1, 2021, Meimai is no longer a related party. Further, voxeljet received orders amounting to kEUR 0 and kEUR 0 in the first quarter 2022 and 2021, respectively from ‘DSCS Digital Supply Chain Solutions GmbH’, which is an associated company where the Company owns 33.3%. Shareholders of DSCS have initiated the wind-up of DSCS, which will be finalized by DSCS’s removal from the commercial register, expected to take place in the first half of 2022. In addition, voxeljet employed Michele Neuber as an intern, the son of Volker Neuber, who has been a member of voxeljet’s supervisory board since July 2020. He received a salary of kEUR 1 and kEUR 1 in the first quarter of 2022 and 2021, respectively. Moreover, voxeljet sold a used car in the first quarter of 2021 to Susanne Ederer-Pausewang amounting to kEUR 27, who is the wife of Dr. Ingo Ederer, the Chief Executive Officer of voxeljet. In addition, voxeljet employed Lisa Franz, who is the daughter of Rudolf Franz, the Chief Operating Officer and Chief Financial Officer of voxeljet, as an intern between October 2021 and February 2022. She received a salary of kEUR 1 in the first quarter of 2022. All related party transactions voxeljet entered into were made on an arm's length basis.

Share based payment arrangeme_2

Share based payment arrangements (Tables)	3 Months Ended
Share based payment arrangements (Tables)	Mar. 31, 2022
Share based payment arrangements
Schedule of fair value inputs	Tranche 1 Tranche 2 Parameter Share price at grant date USD 13.80 USD 16.15 Exercise price USD 13.90 USD 16.15 Expected volatility 55.00% 58.40% Expected dividends -- -- Risk-free interest rate 2.49% 2.85% Fair value at grant date USD 8.00 USD 9.74

Inventories (Tables)

Inventories (Tables)	3 Months Ended
Inventories (Tables)	Mar. 31, 2022
Inventories
Inventories by category	3/31/2022 12/31/2021 (€ in thousands) Raw materials and merchandise 3,618 2,978 Work in progress 7,868 6,504 Total 11,486 9,482

Property, plant and equipment_2

Property, plant and equipment, net (Tables)	3 Months Ended
Property, plant and equipment, net (Tables)	Mar. 31, 2022
Property, plant and equipment, net
Schedule of property, plant and equipment	3/31/2022 12/31/2021 (€ in thousands) Land, buildings and leasehold improvements 17,550 18,048 Plant and machinery 4,117 4,329 Other facilities, factory and office equipment 861 894 Assets under construction and prepayments made 621 448 Total 23,149 23,719 Thereof pledged assets of Property, Plant and Equipment 12,080 12,261

Other liabilities and provisi_2

Other liabilities and provisions (Tables)	3 Months Ended
Other liabilities and provisions (Tables)	Mar. 31, 2022
Other liabilities and provisions
Summary of other liabilities and provisions	3/31/2022 12/31/2021 (€ in thousands) Employee bonus 495 512 Accruals for vacation and overtime 367 230 Liabilities from payroll 285 255 Accruals for compensation of Supervisory board 225 180 Accrual for warranty 215 292 Accruals for management compensation 150 83 Accruals for commissions 115 298 Accruals for licenses 59 92 Liabilities from VAT 36 50 Others 118 116 Total 2,065 2,108

Financial instruments (Tables)

Financial instruments (Tables)	3 Months Ended
Financial instruments (Tables)	Mar. 31, 2022
Financial instruments
Summary of carrying amounts and fair values of financial assets and financial liabilities	Carrying amount Fair Value Assets at Liabilities Total Total FVTPL FVOCI amortized at amortized carrying fair 3/31/2022 cost cost amount Level 1 Level 2 Level 3 value Total assets 13,884 3 14,801 -- 28,688 Current assets 13,652 -- 14,801 -- 28,453 Cash and cash equivalents -- -- 7,396 -- 7,396 Other financial assets 13,652 -- 2,390 -- 16,042 10,257 3,395 -- 13,652 Derivative financial instruments 3,395 -- -- -- 3,395 -- 3,395 -- 3,395 Bond funds 10,257 -- -- -- 10,257 10,257 -- -- 10,257 Restricted cash -- -- 2,390 -- 2,390 -- -- -- -- Trade receivables, net -- -- 5,015 -- 5,015 Non-current assets 232 3 -- -- 235 Other financial assets 232 3 -- -- 235 3 232 -- 235 Derivative financial instruments 232 -- -- -- 232 -- 232 -- 232 Equity securities -- 3 -- -- 3 3 -- -- 3 Total liabilities -- -- -- 27,522 30,401 Current liabilities -- -- -- 17,541 18,224 Trade payables -- -- -- 3,026 3,026 Other financial liabilities -- -- -- 14,515 15,198 -- -- 15,073 15,073 Current portion of long-term debt -- -- -- 14,515 14,515 -- -- 15,073 15,073 Lease liability -- -- -- -- 683 -- -- -- n/a Non-current liabilities -- -- -- 9,981 12,177 Other financial liabilities -- -- -- 9,981 12,177 -- -- 12,307 12,307 Long-term debt -- -- -- 9,981 9,981 -- -- 12,307 12,307 Lease liability -- -- -- -- 2,180 -- -- -- n/a Security deposit -- -- -- -- 16 -- -- -- n/a Carrying amount Fair Value Assets at Liabilities Total FVTPL FVOCI amortized at amortized carrying 12/31/2021 cost cost amount Level 1 Level 2 Level 3 Total Total assets 13,525 4 18,131 -- 31,660 Current assets 13,525 -- 18,131 -- 31,656 Cash and cash equivalents -- -- 7,027 -- 7,027 Other financial assets 13,525 -- 4,997 -- 18,522 10,699 2,826 -- 13,525 Bond funds 10,699 -- -- -- 10,699 10,699 -- -- 10,699 Term deposit -- -- 2,655 -- 2,655 -- -- -- -- Restricted cash -- -- 2,342 -- 2,342 -- -- -- -- Derivative financial instruments 2,826 -- -- -- 2,826 -- 2,826 -- 2,826 Trade receivables, net -- -- 6,107 -- 6,107 Non-current assets -- 4 -- -- 4 Other financial assets -- 4 -- -- 4 4 -- -- 4 Equity securities -- 4 -- -- 4 4 -- -- 4 Total liabilities 516 -- -- 26,672 30,414 Current liabilities -- -- -- 16,879 17,476 Trade payables -- -- -- 2,594 2,594 Other financial liabilities -- -- -- 14,285 14,882 -- -- 15,362 15,362 Current portion of long-term debt -- -- -- 14,285 14,285 -- -- 15,362 15,362 Lease liability -- -- -- -- 597 -- -- -- n/a Non-current liabilities 516 -- -- 9,793 12,938 Other financial liabilities 516 -- -- 9,793 12,938 -- 516 13,826 14,342 Derivative financial instruments 516 -- -- -- 516 -- 516 -- 516 Long-term debt -- -- -- 9,793 9,793 -- -- 13,826 13,826 Lease liability -- -- -- -- 2,613 -- -- -- n/a Security deposit -- -- -- -- 16 -- -- -- n/a

Financial result (Tables)

Financial result (Tables)	3 Months Ended
Financial result (Tables)	Mar. 31, 2022
Financial result
Schedule of financial result	Quarter Ended March 31, 2022 2021 (€ in thousands) Finance expense (1,048) (5,801) Interest expense on lease liabilities (36) (36) Long-term debt (567) (524) Expense from revaluation of derivative financial instruments -- (5,188) Change in fair value of bond funds (443) (49) Other (2) (4) Finance income 1,399 103 Payout of bond funds 77 31 Income from revaluation of derivative financial instruments 1,316 -- Change in fair value of bond funds -- 4 Other 6 68 Financial result 351 (5,698)

Segment reporting (Tables)

Segment reporting (Tables)	3 Months Ended
Segment reporting (Tables)	Mar. 31, 2022
Segment reporting
Schedule of segment reporting	Three months ended March 31, 2022 (€ in thousands) SYSTEMS SERVICES CONSOLIDATION GROUP Revenues 1,438 3,222 (20) 4,640 third party 1,418 3,222 -- 4,640 inter-segment 20 -- (20) — Cost of sales 1,172 1,877 3,049 Gross profit 246 1,345 1,591 Gross profit in % 17.3 % 41.7 % 34.3 % Operating Expenses (4,755) Other operating expenses (158) Other operating income 2,204 Operating loss (1,118) Finance expense (1,048) Finance income 1,399 Financial result 351 Loss before income taxes (767) Income tax income (expense) 14 Net loss (753) Three months ended March 31, 2021 (€ in thousands) SYSTEMS SERVICES CONSOLIDATION GROUP Revenues 2,979 1,973 (892) 4,060 third party 2,087 1,973 -- 4,060 inter-segment 892 -- (892) — Cost of sales 1,506 1,515 3,021 Gross profit 581 458 1,039 Gross profit in % 27.8 % 23.2 % 25.6% Operating Expenses (4,535) Other operating expenses (101) Other operating income 914 Operating loss (2,683) Finance expense (5,801) Finance income 103 Financial result (5,698) Loss before income taxes (8,381) Income tax income (expense) 52 Net loss (8,329)

Revenues (Tables)

Revenues (Tables)	3 Months Ended
Revenues (Tables)	Mar. 31, 2022
Revenues
Disclosure of information about revenue recognition	Three months ended March 31, SYSTEMS SERVICES 2022 2021 2022 2021 (€ in thousands) Primary geographical markets EMEA 900 1,424 2,193 1,382 Asia Pacific 144 394 220 141 Americas 374 269 809 450 1,418 2,087 3,222 1,973 Timing of revenue recognition Products transferred at a point in time 1,278 1,816 3,222 1,973 Products and services transferred over time 140 271 -- -- Revenue from contracts with customers 1,418 2,087 3,222 1,973
Schedule of revenues by geographic region	Three months ended March 31, 2022 2021 (€ in thousands) EMEA 3,093 2,806 Germany 1,553 846 Finland 8 657 Great Britain 429 375 Switzerland 143 247 France 264 138 Others 696 543 Asia Pacific 364 535 South Korea 70 256 China 200 232 India 33 9 Others 61 38 Americas 1,183 719 United States 1,176 711 Others 7 8 Total 4,640 4,060

Related party transactions (Tab

Related party transactions (Tables)	3 Months Ended
Related party transactions (Tables)	Mar. 31, 2022
Related party transactions
Schedule of related parties	Name Nature of relationship Duration of relationship Franz Industriebeteiligungen AG, Augsburg Lessor 10/01/2003-Current Schlosserei und Metallbau Ederer, Dießen Supplier 05/01/1999-Current Suzhou Meimai Fast Manufacturing Technology Co., Ltd, Suzhou Minority shareholder of voxeljet China, Customer 04/11/2016-09/01/2021 DSCS Digital Supply Chain Solutions GmbH, Gersthofen Customer 05/11/2017-Current Michele Neuber Employee 07/01/2019 - 03/31/2022 Susanne Ederer-Pausewang Customer 03/17/2021-Current Lisa Franz Employee 10/01/2021-02/18/2022

Preparation of financial stat_2

Preparation of financial statements (Details) € in Thousands, $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2022EUR (€)	Mar. 31, 2021EUR (€)	Dec. 31, 2021EUR (€)shares	Dec. 31, 2021USD ($)shares	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)
Disclosure of detailed information about borrowings [line items]
Net loss	€ (753)	€ (8,329)	€ (10,586)		€ (15,481)	€ (13,978)
Negative cash flows from operating activities	(1,724)	(1,757)	€ (6,537)		€ (6,598)	€ (6,592)
Increase in shares issued (in shares) \| shares			2,190,711	2,190,711
Proceeds from issue of ordinary shares in the form of ADS		€ 18,153	€ 26,600	$ 32
Other financial liabilities	15,198		€ 14,882
European Investment Bank
Disclosure of detailed information about borrowings [line items]
Bank borrowings carrying amount	14,600
Maximum borrowing capacity	€ 10,000

Share based payment arrangeme_3

Share based payment arrangements - Narrative (Details)	Apr. 12, 2018EquityInstruments	Apr. 07, 2017EquityInstrumentsshares	Mar. 31, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Share based compensation, options authorized \| shares		372,000
Options granted (in shares) \| EquityInstruments	93,000	279,000
Options granted (in percent)	25.00%	75.00%
Vesting period			4 years
Number of consecutive days option may be exercised			90 days
Share price exceeds the exercise price (as a percent)			20.00%

Share based payment arrangeme_4

Share based payment arrangements - Measurement inputs (Details) - USD ($)	Apr. 12, 2018	Apr. 07, 2017
Share based payment arrangements
Share price at grant date	$ 16.15	$ 13.80
Exercise price	$ 16.15	$ 13.90
Expected volatility	58.40%	55.00%
Risk-free interest rate	2.85%	2.49%
Fair value at grant date	$ 9.74	$ 8

Share based payment arrangeme_5

Share based payment arrangements - Options (Details) € in Thousands	3 Months Ended
	Mar. 31, 2022EUR (€)EquityInstruments	Mar. 31, 2021EUR (€)
Share based payment arrangements
Options outstanding, ending balance (in shares)	353,400
Options exercisable (in shares)	265,050
Weighted-average contractual life	5 years 3 months 18 days	6 years 3 months 18 days
Expenses recognized in profit and loss \| €	€ 43	€ 166

Inventories (Details)

Inventories (Details) - EUR (€) € in Thousands	Mar. 31, 2022	Dec. 31, 2021
Inventories
Raw materials	€ 3,618	€ 2,978
Work in progress	7,868	6,504
Total	€ 11,486	€ 9,482

Property, plant and equipment_3

Property, plant and equipment, net (Details) - EUR (€) € in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2020
Property, plant and equipment
Property, plant and equipment, net	€ 23,149	€ 23,719
Thereof pledged assets of Property, Plant and Equipment	12,080	12,261
European Investment Bank
Property, plant and equipment
Assets as collateral to bank			€ 10,000
Property
Property, plant and equipment
Property, plant and equipment, net	17,550	18,048
Production equipment
Property, plant and equipment
Property, plant and equipment, net	4,117	4,329
Other PPE
Property, plant and equipment
Property, plant and equipment, net	861	894
Assets under construction and prepayments made
Property, plant and equipment
Property, plant and equipment, net	€ 621	€ 448

Other liabilities and provisi_3

Other liabilities and provisions (Details) - EUR (€) € in Thousands	Mar. 31, 2022	Dec. 31, 2021
Other liabilities and provisions
Employee bonus	€ 495	€ 512
Accruals for vacation and overtime	367	230
Liabilities from payroll	285	255
Accruals for compensation of supervisory board	225	180
Accrual for warranty	215	292
Accruals for management compensation	150	83
Accruals for commissions	115	298
Accruals for licenses	59	92
Liabilities from VAT	36	50
Others	118	116
Total	€ 2,065	€ 2,108

Financial instruments (Details)

Financial instruments (Details) - EUR (€) € in Thousands	Mar. 31, 2022	Dec. 31, 2021
Total liabilities
Financial instruments
Financial liabilities	€ 30,401	€ 30,414
Current liabilities.
Financial instruments
Financial liabilities	18,224	17,476
Trade payables
Financial instruments
Financial liabilities	3,026	2,594
Current financial liabilities.
Financial instruments
Financial liabilities	15,198	14,882
Financial liabilities, at fair value	15,073	15,362
Current financial liabilities. \| Level Three
Financial instruments
Financial liabilities, at fair value	15,073	15,362
Long term debt
Financial instruments
Financial liabilities	14,515	14,285
Financial liabilities, at fair value	15,073	15,362
Long term debt \| Level Three
Financial instruments
Financial liabilities, at fair value	15,073	15,362
Lease liability
Financial instruments
Financial liabilities	683	597
Non-current liabilities.
Financial instruments
Financial liabilities	12,177	12,938
Non-current financial liabilities.
Financial instruments
Financial liabilities	12,177	12,938
Financial liabilities, at fair value	12,307	14,342
Non-current financial liabilities. \| Level Two
Financial instruments
Financial liabilities, at fair value		516
Non-current financial liabilities. \| Level Three
Financial instruments
Financial liabilities, at fair value	12,307	13,826
Non-current derivative liabilities financial instruments
Financial instruments
Financial liabilities		516
Financial liabilities, at fair value		516
Non-current derivative liabilities financial instruments \| Level Two
Financial instruments
Financial liabilities, at fair value		516
Non-current long term debt
Financial instruments
Financial liabilities	9,981	9,793
Financial liabilities, at fair value	12,307	13,826
Non-current long term debt \| Level Three
Financial instruments
Financial liabilities, at fair value	12,307	13,826
Non-current lease liability
Financial instruments
Financial liabilities	2,180	2,613
Non Current Security Deposits
Financial instruments
Financial liabilities	16	16
FVTPL - Liabilities \| Total liabilities
Financial instruments
Financial liabilities		516
FVTPL - Liabilities \| Non-current liabilities.
Financial instruments
Financial liabilities		516
FVTPL - Liabilities \| Non-current financial liabilities.
Financial instruments
Financial liabilities		516
FVTPL - Liabilities \| Non-current derivative liabilities financial instruments
Financial instruments
Financial liabilities		516
Financial liabilities measured at amortized cost \| Total liabilities
Financial instruments
Financial liabilities	27,522	26,672
Financial liabilities measured at amortized cost \| Current liabilities.
Financial instruments
Financial liabilities	17,541	16,879
Financial liabilities measured at amortized cost \| Trade payables
Financial instruments
Financial liabilities	3,026	2,594
Financial liabilities measured at amortized cost \| Current financial liabilities.
Financial instruments
Financial liabilities	14,515	14,285
Financial liabilities measured at amortized cost \| Long term debt
Financial instruments
Financial liabilities	14,515	14,285
Financial liabilities measured at amortized cost \| Non-current liabilities.
Financial instruments
Financial liabilities	9,981	9,793
Financial liabilities measured at amortized cost \| Non-current financial liabilities.
Financial instruments
Financial liabilities	9,981	9,793
Financial liabilities measured at amortized cost \| Non-current long term debt
Financial instruments
Financial liabilities	9,981	9,793
Total assets
Financial instruments
Financial assets	28,688	31,660
Current assets.
Financial instruments
Financial assets	28,453	31,656
Cash and cash equivalents.
Financial instruments
Financial assets	7,396	7,027
Current financial assets.
Financial instruments
Financial assets	16,042	18,522
Financial assets, at fair value	13,652	13,525
Current financial assets. \| Level One
Financial instruments
Financial assets, at fair value	10,257	10,699
Current financial assets. \| Level Two
Financial instruments
Financial assets, at fair value	3,395	2,826
Bond funds
Financial instruments
Financial assets	10,257	10,699
Financial assets, at fair value	10,257	10,699
Bond funds \| Level One
Financial instruments
Financial assets, at fair value	10,257	10,699
Term deposit
Financial instruments
Financial assets		2,655
Current derivative assets financial instruments
Financial instruments
Financial assets	3,395	2,826
Financial assets, at fair value	3,395	2,826
Current derivative assets financial instruments \| Level Two
Financial instruments
Financial assets, at fair value	3,395	2,826
Restricted cash
Financial instruments
Financial assets	2,390	2,342
Trade receivables, net
Financial instruments
Financial assets	5,015	6,107
Non-current assets.
Financial instruments
Financial assets	235	4
Non-current financial assets.
Financial instruments
Financial assets	235	4
Financial assets, at fair value	235	4
Non-current financial assets. \| Level One
Financial instruments
Financial assets, at fair value	3	4
Non-current financial assets. \| Level Two
Financial instruments
Financial assets, at fair value	232
Non-current derivative assets financial instruments
Financial instruments
Financial assets	232
Financial assets, at fair value	232
Non-current derivative assets financial instruments \| Level Two
Financial instruments
Financial assets, at fair value	232
Non-current equity securities
Financial instruments
Financial assets	3	4
Financial assets, at fair value	3	4
Non-current equity securities \| Level One
Financial instruments
Financial assets, at fair value	3	4
FVTPL - Assets \| Total assets
Financial instruments
Financial assets	13,884	13,525
FVTPL - Assets \| Current assets.
Financial instruments
Financial assets	13,652	13,525
FVTPL - Assets \| Current financial assets.
Financial instruments
Financial assets	13,652	13,525
FVTPL - Assets \| Bond funds
Financial instruments
Financial assets	10,257	10,699
FVTPL - Assets \| Current derivative assets financial instruments
Financial instruments
Financial assets	3,395	2,826
FVTPL - Assets \| Non-current assets.
Financial instruments
Financial assets	232
FVTPL - Assets \| Non-current financial assets.
Financial instruments
Financial assets	232
FVTPL - Assets \| Non-current derivative assets financial instruments
Financial instruments
Financial assets	232
FVOCI - Assets \| Total assets
Financial instruments
Financial assets	3	4
FVOCI - Assets \| Non-current assets.
Financial instruments
Financial assets	3	4
FVOCI - Assets \| Non-current financial assets.
Financial instruments
Financial assets	3	4
FVOCI - Assets \| Non-current equity securities
Financial instruments
Financial assets	3	4
Assets at amortized cost \| Total assets
Financial instruments
Financial assets	14,801	18,131
Assets at amortized cost \| Current assets.
Financial instruments
Financial assets	14,801	18,131
Assets at amortized cost \| Cash and cash equivalents.
Financial instruments
Financial assets	7,396	7,027
Assets at amortized cost \| Current financial assets.
Financial instruments
Financial assets	2,390	4,997
Assets at amortized cost \| Term deposit
Financial instruments
Financial assets		2,655
Assets at amortized cost \| Restricted cash
Financial instruments
Financial assets	2,390	2,342
Assets at amortized cost \| Trade receivables, net
Financial instruments
Financial assets	€ 5,015	€ 6,107

Financial result (Details)

Financial result (Details) - EUR (€) € in Thousands	3 Months Ended
Financial result (Details) - EUR (€) € in Thousands	Mar. 31, 2022	Mar. 31, 2021
Financial result
Finance expense	€ (1,048)	€ (5,801)
Interest expense on lease liability	(36)	(36)
Long-term debt	(567)	(524)
Expense from revaluation of derivative financial instruments		(5,188)
Change in fair value of bond funds	(443)	(49)
Other	(2)	(4)
Finance income	1,399	103
Payout of bond funds	77	31
Income from revaluation of derivative financial instruments	1,316
Change in fair value of bond funds		4
Other	6	68
Financial result	€ 351	€ (5,698)

Segment reporting - Segments (D

Segment reporting - Segments (Details) € in Thousands	3 Months Ended		12 Months Ended
Segment reporting - Segments (Details) € in Thousands	Mar. 31, 2022EUR (€)segment	Mar. 31, 2021EUR (€)	Dec. 31, 2021EUR (€)	Dec. 31, 2020EUR (€)	Dec. 31, 2019EUR (€)
Segment reporting
Number of reportable segments \| segment	2
Revenues	€ 4,640	€ 4,060
Cost of sales	(3,049)	(3,021)
Gross profit	€ 1,591	€ 1,039
Gross profit margin (as a percent)	34.30%	25.60%
Operating Expenses	€ (4,755)	€ (4,535)
Other operating expenses	(158)	(101)
Other operating income	2,204	914
Operating loss	(1,118)	(2,683)
Finance costs	(1,048)	(5,801)
Finance income	1,399	103
Financial result	351	(5,698)
Loss before income taxes	(767)	(8,381)
Income tax income (expense)	14	52
Net loss	(753)	(8,329)	€ (10,586)	€ (15,481)	€ (13,978)
Systems
Segment reporting
Revenues	1,418	2,087
Cost of sales	(1,172)	(1,506)
Gross profit	€ 246	€ 581
Gross profit margin (as a percent)	17.30%	27.80%
Services
Segment reporting
Revenues	€ 3,222	€ 1,973
Cost of sales	(1,877)	(1,515)
Gross profit	€ 1,345	€ 458
Gross profit margin (as a percent)	41.70%	23.20%
Operating segments \| Systems
Segment reporting
Revenues	€ 1,438	€ 2,979
Operating segments \| Services
Segment reporting
Revenues	3,222	1,973
Inter-segment
Segment reporting
Revenues	(20)	(892)
Inter-segment \| Systems
Segment reporting
Revenues	€ (20)	€ (892)

Revenues - Disaggregation (Deta

Revenues - Disaggregation (Details) - EUR (€) € in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues
Revenue from contracts with customers	€ 4,640	€ 4,060
EMEA
Revenues
Revenue from contracts with customers	3,093	2,806
Asia Pacific
Revenues
Revenue from contracts with customers	364	535
Americas
Revenues
Revenue from contracts with customers	1,183	719
Systems
Revenues
Revenue from contracts with customers	1,418	2,087
Systems \| Products transferred at a point in time
Revenues
Revenue from contracts with customers	1,278	1,816
Systems \| Products and services transferred over time
Revenues
Revenue from contracts with customers	140	271
Systems \| EMEA
Revenues
Revenue from contracts with customers	900	1,424
Systems \| Asia Pacific
Revenues
Revenue from contracts with customers	144	394
Systems \| Americas
Revenues
Revenue from contracts with customers	374	269
Services
Revenues
Revenue from contracts with customers	3,222	1,973
Services \| Products transferred at a point in time
Revenues
Revenue from contracts with customers	3,222	1,973
Services \| EMEA
Revenues
Revenue from contracts with customers	2,193	1,382
Services \| Asia Pacific
Revenues
Revenue from contracts with customers	220	141
Services \| Americas
Revenues
Revenue from contracts with customers	€ 809	€ 450

Revenues - Geographic (Details)

Revenues - Geographic (Details) - EUR (€) € in Thousands	3 Months Ended
Revenues - Geographic (Details) - EUR (€) € in Thousands	Mar. 31, 2022	Mar. 31, 2021
Disclosure of geographical areas [line items]
Revenues	€ 4,640	€ 4,060
EMEA
Disclosure of geographical areas [line items]
Revenues	3,093	2,806
Germany
Disclosure of geographical areas [line items]
Revenues	1,553	846
France
Disclosure of geographical areas [line items]
Revenues	264	138
Finland
Disclosure of geographical areas [line items]
Revenues	8	657
Switzerland
Disclosure of geographical areas [line items]
Revenues	143	247
Great Britain
Disclosure of geographical areas [line items]
Revenues	429	375
Other EMEA
Disclosure of geographical areas [line items]
Revenues	696	543
Asia Pacific
Disclosure of geographical areas [line items]
Revenues	364	535
India
Disclosure of geographical areas [line items]
Revenues	33	9
China
Disclosure of geographical areas [line items]
Revenues	200	232
South Korea
Disclosure of geographical areas [line items]
Revenues	70	256
Other Asia Pacific
Disclosure of geographical areas [line items]
Revenues	61	38
Americas
Disclosure of geographical areas [line items]
Revenues	1,183	719
United States
Disclosure of geographical areas [line items]
Revenues	1,176	711
Other Americas
Disclosure of geographical areas [line items]
Revenues	€ 7	€ 8

Related party transactions - Ot

Related party transactions - Other (Details) - EUR (€) € in Thousands	Sep. 01, 2021	Mar. 31, 2022	Mar. 31, 2021
MK Technology GmbH \| voxeljet China
Related parties
Ownership interest in associate (as a percent)	15.00%
Jin Tianshi \| voxeljet China
Related parties
Ownership interest in associate (as a percent)	15.00%
Franz Industriebeteiligungen office space
Related parties
Rent expense		€ 1	€ 1
Schlosserei und Metallbau Ederer, Dieen
Related parties
Acquired goods from related parties		0	0
Suzhou Meimai Fast Manufacturing Technology
Related parties
Revenue from related parties		99	5
DSCS Digital Supply Chain Solutions GmbH, Gersthofen
Related parties
Revenue from related parties		€ 0	0
Ownership interest in associate (as a percent)		33.30%
Susanne Ederer-Pausewang , Wife of Chief Executive Officer
Related parties
Sales of property and other assets from related parties		€ 27
Michele Neuber
Related parties
Services received from related parties		1	€ 1
Lisa Franz
Related parties
Services received from related parties		€ 1