ExOne Reports Huge Growth As Expected
With a 47% gain on the first trading day of an IPO, it's difficult for any stock to gain in the after market. Industrial 3D printer ExOne Company (XONE) is attempting to be the rare exception after impressing investors with strong guidance for 2013. The stock surged nearly 10% in trading on Thursday following the announcement.
The company that focuses on manufacturing and selling 3D printing machines for industrial customers only sold 8 machines for the quarter making it difficult to develop a long-term investment thesis.
Due to the late date of the IPO, the company is just now reporting the Q4 numbers at the very end of Q1. With the quarter virtually over, the 2013 guidance should be very solid at least for the first half of the year.
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