voxeljet AG

CIK:0001582581|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - EUR (€) € in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Revenues	€ 27,832	€ 24,826	€ 21,567
Cost of sales	(19,646)	(16,876)	(14,812)
Gross profit	8,186	7,950	6,755
Selling expenses	(7,975)	(6,420)	(5,816)
Administrative expenses	(6,584)	(6,577)	(6,407)
Research and development expenses	(6,865)	(6,149)	(6,500)
Other operating expenses	(2,591)	(618)	(2,799)
Other operating income	10,447	2,970	1,603
Operating loss	(5,382)	(8,844)	(13,164)
Finance expense	(6,749)	(2,601)	(2,589)
Finance income	620	924	184
Financial result	(6,129)	(1,677)	(2,405)
Loss before income taxes	(11,511)	(10,521)	(15,569)
Income tax (expense) income	102	(65)	88
Net loss	(11,409)	(10,586)	(15,481)
Other comprehensive income (loss) that may be reclassified subsequently to profit or loss	(1,865)	(304)	933
Total comprehensive loss	(13,274)	(10,890)	(14,548)
Loss attributable to:
Owner of the Company	(11,266)	(10,511)	(15,339)
Non-controlling interests	(143)	(75)	(142)
Net loss	(11,409)	(10,586)	(15,481)
Total comprehensive loss attributable to:
Owner of the Company	(13,131)	(10,815)	(14,406)
Non-controlling interests	(143)	(75)	(142)
Total comprehensive loss	€ (13,274)	€ (10,890)	€ (14,548)
Weighted average number of shares outstanding - basic (in shares)	7,350,792	6,302,458	4,836,000
Weighted average number of shares outstanding - diluted (in shares)	7,350,792	6,302,458	4,836,000
Loss per share - basic (in EUR per share)	€ (1.53)	€ (1.68)	€ (3.20)
Loss per share - diluted (in EUR per share)	€ (1.53)	€ (1.68)	€ (3.20)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS € in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 EUR (€)	Dec. 31, 2020 EUR (€)
Cash Flow from operating activities
Loss for the period	€ (11,409)	€ (10,586)	€ (15,481)
Depreciation and amortization	2,926	3,100	3,442
Foreign currency exchange differences on loans to subsidiaries	(619)	(1,200)	1,466
Foreign currency translation reserve reclassified to profit or loss	(1,475)
Change in fair value of bond funds	773	291	11
Share-based compensation expense	65	305	671
Change in impairment of trade receivables	116	99	29
Non-cash expense on financial liabilities	10	1,976	1,505
Change in fair value of derivative equity forward	2,311	(752)	715
Change in inventory allowance	945	851	(1)
Interest paid	3,121	263	258
Interest received	(77)	(85)	(92)
Loss on disposal of intangibles and property, plant and equipment	20	17	42
Gain from sale-leaseback of property	(4,335)
Other	(117)	92	63
Change in working capital	(1,439)	(908)	774
Trade and other receivables, inventories and current assets	(4,714)	(1,375)	1,501
Trade payables	(73)	585	(781)
Other liabilities, contract liabilities and provisions	3,349	(82)	(417)
Change in restricted cash		(44)	463
Income tax payable/receivables	(1)	8	8
Total	(9,184)	(6,537)	(6,598)
Cash Flow from investing activities
Payments to acquire property, plant and equipment and intangible assets	(789)	(1,041)	(139)
Proceeds from disposal of property plant and equipment	26,036
Proceeds from disposal of financial assets	12,581		4,962
Payments to acquire financial assets		(10,486)	(994)
Interest received	77	85	92
Total	37,905	(11,442)	3,921
Cash Flow from financing activities
Change in security deposit		16
Repayment of lease liabilities	(637)	(334)	(412)
Repayment of long-term debt	(19,667)	(1,004)	(863)
Proceeds from issuance of long-term debt			5,000
Proceeds from issuance of shares	5,429	26,600
Share issue cost	(776)	(3,217)
Change in restricted cash	(645)	(2,298)
Interest paid	(7,407)	(263)	(258)
Total	(23,703)	19,519	3,467
Net increase (decrease) in cash and cash equivalents	5,018	1,540	790
Cash and cash equivalents at beginning of period	7,027	5,324	4,368
Changes to cash and equivalents due to foreign exchanges rates	74	163	166
Cash and cash equivalents at end of period	€ 12,119	€ 7,027	€ 5,324

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - EUR (€) € in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Current assets	€ 35,481	€ 42,748
Cash and cash equivalents	12,119	7,027
Financial assets	2,047	18,522
Trade receivables	6,165	6,107
Inventories	11,136	9,482
Income tax receivables	23	23
Other assets	3,991	1,587
Non-current assets
Non-current assets	19,639	24,711
Financial assets	944	4
Intangible assets	819	878
Property, plant and equipment	17,799	23,719
Other assets	77	110
Total assets	55,120	67,459
Current liabilities
Current liabilities	11,374	21,716
Trade payables	2,683	2,594
Contract liabilities	4,877	2,132
Financial liabilities	1,161	14,882
Other liabilities and provisions	2,653	2,108
Non-current liabilities
Non-current liabilities	19,024	13,256
Deferred tax liabilities		87
Contract liabilities	281	231
Financial liabilities	18,743	12,938
Equity
Equity	24,722	32,487
Subscribed capital	9,135	7,027
Capital reserves	112,996	110,264
Accumulated deficit	(97,240)	(85,974)
Accumulated other comprehensive income	(464)	1,400
Equity attributable to the owners of the company	24,427	32,717
Non-controlling interests	295	(230)
Total equity and liabilities	€ 55,120	€ 67,459