Shocking Results At ExOne
As warned back after the massive IPO gains, ExOne Company (XONE) was set up for a potentially rocky public market experience. The company only reported $28.7 million in revenue for all of 2012 and had a limited experience of actually selling 3D printers.
The 3D industrial printer company focuses on manufacturing and selling 3D printing machines in fact didn't even sell a machine in Q1 of 2012.
The stock surged to $49 prior to the earnings report after initially pricing the offering at $18 providing those initial investors with over a 170% gain in roughly four months. The Q113 numbers though were shockingly disappointing as the company yet again missed estimates blaming European weakness.
Read the full article at Seeking Alpha.
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