Out Fox The $treet

Typically missing earnings estimates on every report as a public company would cause a stock to plunge. In the case of industrial 3D printer manufacturer ExOne ( XONE ), the market has surprisingly overlooked every misstep. Naturally lots of potential exists in the sector and of a stock that reported 97% growth, but the company mentioned some disturbing issues in the earnings call that questions the 200% gain in the stock and sky-high valuation. ExOne is a 3D industrial printer company focused on manufacturing and selling 3D printing machines and parts via printing service centers (PSCs) around the world. It sells machines such as the S-Max pictured below that cost up to $1.5 million causing lumpy sales and unpredictable results. Investors though don't appear concerned by less than expected numbers. Read the full article at Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

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. Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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. Read the full article at Seeking Alpha. Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

After a 47% gain on the opening day and another huge follow-on gain Friday, does ExOne ( XONE ) offer any value now? First, investors need to understand that the company competes in the ultra hot 3D printing sector with the likes of 3D Systems ( DDD ) and Stratasys ( SSYS ) . Second, the company is a throw back to the old technology IPOs with a revenue base of only $30M in 2012. The company focuses on manufacturing and selling 3D printing machines for industrial customers and printing products to specification for customers using in-house 3D printing machines. The company has Production Service Centers (PSCs) located in the United States, Germany and Japan. It also supplies consumables and replacement parts for the machines to print products. The stock provides the unique opportunity of investing in a very small company prior to massive growth. While ExOne priced with a market value of roughly $240M, both 3D Systems and Stratasys already approach the $4B mark. While m...

The main 3D printing companies, 3D Systems and Stratasys, recently hit all-time highs so naturally this would be a great time for a related IPO. Industrial 3D printing firm ExOne (NASDAQ: XONE ) plans to join the party this week. A major surprise popped up when reading the prospectus . The company harkens back to the technology IPOs of the late 1990s when a stock had as much hope as hype. The more » Disclosure: Long GSVC. Please review the disclaimer page for more details.