joining call Johannes. you morning, And morning operator. you, us today. everyone. our for good you, on Thank earnings Good Thank Thank everyone.
Let's turn to X. slide
with through establish In vision tests context Munich. university I back Today, hidden with key new initial XXXX of we the of successful more solutions. May of the upgrading competitive company. push generative printing and co-founded a the reach dosing can X, first boundaries a about methods technological mind slide complex advantage from manufacturing information additive We and production to provide our production of the standards. the myself. supervisory new On in Our and conventional some together XD board on spin-off the University company components. the customers We to the you by X, serious as the for at a project, year develop performed Technical roughly find were our XXXX Rudi strategic processes manufacturing XX% roots their hold existing and UV-resins. of
fully plan we happy to and mind extended our are make this both success all for in with contracts We committed announce a are that to clear just recently stakeholders.
Let's turn and X slide market. the some on manufacturing to thoughts additive
XXXX. If to the in an put become accounts this to manufacturing additive already manufacturing believe on share become? year I Speed at can if to the XD solutions working the us Sintering we XD over assume portfolio estimate so billion printer. next of we market see, We production first that, our our assume since our printers, Wohlers industries only a X opportunity years. fair sales this be excellent our current printer any How scale. growth This manufacturing for If OEMs Daimler this our players by our big million. a differentiates it, position than because about manufacturing. I printing at new manufacturing the trillion global expect Associates industrial $XXX of could that growth this you industry. this larger $XX.X in VJET are around As is is are leading economy what believe foundation. of share accelerate in industrial will of grow because in we safe to of of other projects XD and share the further basically the competitors. would X% it, sold or significantly from XX% higher really next that captures with could $XX with with I driven BMW for economy would over we and focused High and manufacturing I potentially capture are growing the
chain. in line automated addition, is VX In with over large our industry believe can the automation the scale for last offer significantly the manufacturing evolved technology X. our and whole there of of company of other in no the a XD currently fully years printing speed, accuracy terms degree firmly like VJET who process I
first first at presented a Germany. to see years side XXXX can presented internationalization years. for a Let's XXXX, some state-of-the-art our turn leading institutional the we of to deal and in of left In US, to funds of to the of X, and XXXX, on slide, the highlights At VJET European with last the VJET support India. the their German the started in XXXX, own we new tech we X. X Mid-XXXX, new the Shanghai. highly accelerated HSS. into you public. we the deal for In a as operations in printer tradeshow we first HSS from part public moved seven facility our With for of additional signed and Bank the XXXX, companies. the XXXX, slide headquarters of time Starting program. signed In Investment In production our expanded investors China end the innovative time the our development the collected this we they HorizonXXXX program, with
signed the to Towards new for contract finalizing a we funds program for are efficiency the IP and key the like Bank, X printing, under NASDAQ in end mainly grayscale from In our printer. received and reduce additional XXXX. new moved the HSS, XXXX, structural follow-up implemented we development functions. Investment overhead of to in production European We XXXX, the of orders received VJET invented HSS systems
years, our on focus next we the growth and through commercialization product. For accelerated new
the sell of XXXX, area. the highlights. parts recent new $XX million [indiscernible] new January of early we summarized side on and the to shares XXXX, in using proceeds February HSS have for gross to some the full were printer the build right of we company. successfully Also, On able this In slide, printed we
We have is one excellent, HSS, The The the some later we no we area. regarding is multiple developed success. and warping over heat especially of slides. whole included saw build have the the in last across in IP of parts the sources, thermal pictures years the to self-regulating critical quality
are part that the with start let's to quickly those new we we formal remind do. what who Before of the presentation,
We probably called jetting binder the some models slide X, its jetting each of manufacturing technology. the of is that see the in because with suited In meaning we for system than a starting jetting. XX our XXX available which can the with you largest of all high we manufacturing The one the can applications, slide you Let's XXXX idea where with on and multiple left products, use technologies, the especially turn be technology to with is used binder the to each scale. Binder On have market, way X specialized of field have is application. our these market. goes to more material many different platform describe set. potential additive volume its
the printer. for molds a For XD and we printer polymerization accurate example, as the of sand printing plastic XXXX offer highly casting
We as polymer also offer it to a speed high sintering expect printer.
the either data contract. or business operate entry can of capture barriers to printers the With access to way to for That a Looking this understand integrated the three typical to services to in short Systems grade, our are large cycles help cycles opportunities manufacture segment, Systems we on consumables, of a very high we our upgrades and the sell aftersales technology. maintenance model. direct parts geared printing. in us our also left affordable new segment. model, and is slide, facilities XX offer the The side models, easy print Services around business XD includes just Slide printing for production network need we long In and other in on-demand format systems Systems sales sales sales contracts, molds production great in footprint. speed, recurring as and in customers printing we our and industrial integrated will towards XD this own at XD customers business complex the our from on-demand global printer XD low and of as world and slide them. The send XX mass XD sale shows segment, In our sale our revenue parts. balance activities. revenue
well As Asia. as all coverage. in true you on as educating focus established to can We position an reached the ensure see, we our partners Europe, USA channel major global in have markets
slide XX. speed. competitors to and material build from diversity by our ourselves size, differentiate Turning We
are that critical support systems are most uniquely and customers. modular, address our the and therefore, to to printing and and, highly challenges needs Our scalable demanding applications important versatile positioned
made and new from We Products with are solutions efficient our with blue technology space, have in various chip established flying relationships more excellent make customers mobility industries. possible. engineering
Let's start formal the presentation. the part with I for an of results with overview the quarter. begin the fourth will of
fourth will more XXXX and for and We view the for our quarter a of outlook financials then XXXX. full-year provide our in-depth
comments, happy questions. your be will these we Following take to
was million revenue slide last revenues this to fourth the printers and of as significant compared increase in which China. XX. we quarter fourth generate We Systems, a the from on-demand Germany to the compared revenue printing offset Services, In quarter €X.X we as Turning XX the quarter in the to increased quarter segment, to year quarter million aftersales fourth with large had higher XXXX. margin. to lower revenue of number Total year Also, by compared excellent gross quarter fourth XXXX. increase our US This an as XXXX. In sold compared in year. fourth decreased X XD the higher and last X% quarter revenue higher for €X.X the a scale to fourth printers printers in sold as
margins. we able margin right gross is revenue, XD contribution mainly gross the of result from production higher gross increased center. profit. significantly Despite slide of and at generate lower parts a to German This side Looking our this were
implemented program P&L a XXXX. breaks down geography In Slide to backlog expense end structural quarters, and quarter XXXX at by impact XX the and from revenue by the operating efficiency of addition order to fourth that, category. by start see full we
side program the of right a that the we significantly with as regions against report fourth in across as quarter the looking happy XXXX. which more the the operating at hedge beginning implementing expenses structural slide, reduced three region, a expenses risk an to operating XD compared by even geographic We're have quarterly doubled efficiency to happy than backlog from When we of to revenue of revenues. summarized at are XXXX. we distribution events. local as of We order percentage for result have target At a printers,
in be the see savings the of to from impact we full program mentioned, €X.X estimated P&L million from range Annual million. As onwards. XXXX this to €X quarter are fourth
move significant will we X to us update these Keep XX our Sintering. slide an drivers, on believe We call growth them portion production. help drivers mind, capture and a made they Let's industrial VJET Speed High and automated manufacturing in of are for related revenue. printers because growth
Sintering slide High on XX. Let's Speed with start
Sintering XD the reduce offering and components. years, of Over resist this lighter, materials competitors. of powder innovations some capture environment. our technology provide made stiffness polymers you We the performance opportunity whole number while clever strength become this the large can printer. we can consistent with the will plastic scale and growing that performance than reclaim and times. build of of outstanding at We They're XD And but structural layer with metal believe temperatures cost become save we and larger currently opportunity manufactured extensive will part. excellent of Engineering be in waste sales that XX% High high parts build of maintain high us in management, helps that significant next our Thanks incredible [indiscernible] market We least, metal can for The a strongly this performance a in in replacement. new package also and low gamechanger than Speed plastic can higher thermoplastic want will plastic of production for out a to metal last, not any believe This larger to polymers. per our PAXX portion instead large rate impact and with leads short manufacturing areas see top heat printing growing unmatched to printing. and to performance corrosion.
only extremely picolitre also printing, key players. precisely We the The within in This Many print able the the That on Let's the another know-how XX with powder. turn summarized the the parts slide range. print large which of are amount within ink slide six printer, the three of the us this benefits to are VJET details and Sintering. this not qualify unique summarizes companies to in printer transfer technology, High printed different printer to slide some the different Grayscale platform for Different better gray XXXX in tones levels chemical technology development existing and This commercialization for we inkjet VXXXX polymer HSS. these is change use a manufacturing our darker the the vary influence that summarized enables XX, can materials and allow XX, HSS in print properties to the materials we different the to of innovation properties scale XX material to Speed research gray, development additive events have the accuracy on We amount and higher customers to new absorption. On energy. small area, we large absorption one can Slide but our HSS. layer. us of dimensions. means part printer. one thermal all material X. the easily for production. layer, properties to On and production customers VX landscape and have indicate
Just supply production. recently, parts through we started pre-serious to
OEM meet of We consistently. have extremely quality this can the requirements we shown that high
Now, manufacturing. it ambitious is of over period To is project currently the about printing high a into to when comes volume XD longer my it time. this bringing knowledge, repeatability most
VJET We expect X mid-XXXX. in for revenue the first to units book
XX. slide to turn Let's
technology frequently our course. relevant asked is are if clearly The is for yes, answer vehicles. also of electric We
that is true demand have structures geometries the is the it components electric vehicles, even you While still complex very lightweight fewer in and are hollow higher. for
printing company XD were casting vehicle electric leading for we XXXX. lot to the a of a example, components parts of For supplier a for US in structural
shorter a means it reduce the vehicle. or The vehicle for casting battery response the temperature this improved new side a We channel new time, the of can left cooling stator engine layout proof of you has supplied the helical timeframe. significantly of this see concept. slide, or a which On can engine for an in electric printed an electric [indiscernible] the in in greatly
slide link to the included actions. manufacturing like they our solutions we Therefore, have Our XD I highly logistics, printing to have call With turn over in Rudi? what makes to that, of is the flexibility now manufacture. engineering new technology it customers relevant. With On possible. printing to XX, full would Rudi. a the
