ExOne (XONE) to be acquired by Desktop Metal (DM)

 

***  XONE ***

 

 

 

 

ExOne agrees to be acquired by Desktop Metal (DM) for total consideration of $25.50/share in cash and stock 

• ExOne has entered into a definitive agreement pursuant to which Desktop Metal will acquire all of the issued and outstanding shares of ExOne common stock.
• Under the terms of the agreement, ExOne shareholders will receive $8.50 in cash and $17.00 in shares of Desktop Metal common stock for each share of ExOne common stock, for a total consideration of $25.50/share, representing a transaction value of $575 mln, subject to a collar mechanism and implying a 47.6% premium to the closing price of ExOne's common stock on August 11 and a 43.9% premium based on the 30-day average closing price of ExOne common stock.
  • The transaction value also implies an acquisition multiple of 6.4x 2021 consensus revenue estimates for ExOne.
  • Upon closing of the transaction, current Desktop Metal shareholders will own between 85 and 88% and current ExOne shareholders are expected to own between 12 and 15% of the combined company, respectively.
• The transaction is expected to close in Q4 of 2021.

ExOne (XONE) reported earnings on Thur 16 March 2017 (a/h)

** charts before earnings **

 

** charts after earnings **

• ExOne reports 4Q loss

NORTH HUNTINGDON, Pa. (AP) _ The ExOne Co. (XONE) on Thursday reported a loss of $2.6 million in its fourth quarter.

The North Huntingdon, Pennsylvania-based company said it had a loss of 16 cents per share.

The 3-D printer company posted revenue of $14.6 million in the period.

For the year, the company reported that its loss narrowed to $14.6 million, or 92 cents per share. Revenue was reported as $47.8 million.

ExOne shares have climbed 9 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $10.18, a decline of 4 percent in the last 12 months.

XONE — is it a sell?

• March 23, right after earnings: Is XONE a sell?  

• 2 months later:  NO

ExOne (XONE) reported earnings on Tue 22 March 2016 (a/h)

** charts before earnings **

  

** charts after earnings **

 

ExOne beats by $0.08, beats on revs :

Reports Q4 (Dec) GAAP loss of $0.08 per share, $0.08 better than the Capital IQ GAAP Consensus of ($0.16); revenues rose 2.7% year/year to $16.2 mln vs the $14.89 mln Capital IQ Consensus.

• Backlog at the end of the year was $16.5 mln
• "We continue to be encouraged by the growing applications of our binder jetting technology in the global marketplace, especially as they progress from prototyping to production. Our strong backlog coupled with our active pipeline of business opportunities give us confidence in our expectations for revenue growth and improved financial performance in 2016. We approach the year with cautious optimism, knowing that macroeconomic uncertainties, including the depressed energy sector and foreign currency devaluations, will influence the timing of capital equipment purchases and other spending decisions. Accordingly, we also intend to implement operational improvements to increase our facility utilization and enhance working capital management with an eye toward profitable growth and sustained liquidity."