The ExOne Co. today reported a first-quarter loss despite stronger sales, citing higher operating expenses related to the North Huntingdon manufacturing company's growth initiatives.
The 3-D printing company said it lost $1.9 million, or 20 cents per share, vs. a loss of $1.5 million in the year-ago quarter, before it was a public company. Revenue totaled $7.9 million vs. $2.7 milllion a year ago, fueled by the sale of four 3-D printing machines during the quarter.
Analysts had expected the company to report a net loss of about 19 cents per share for the quarter on sales of $8.6 million.
ExOne said it expects 2013 revenue of $48 million to $52 million, with two-thirds of that coming in the second half.
The results were announced after Wall Street closed. ExOne shares traded at an all-time high of $49.11 today before finishing at $48.60, up $4.24. The shares debuted in February at $18 per share.
Len Boselovic: email@example.com or 412-263-1941.