Innodata Inc (MTLS)

[Windbag1014]

Not bad. Profits are good. If they keep the top line growing, we could see those pre covid prices again.

[Pisd]

Press Release: Materialise Reports Third Quarter 2021 Results
6:30 am ET October 28, 2021 (Dow Jones) Print
Materialise Reports Third Quarter 2021 Results

LEUVEN, Belgium--(BUSINESS WIRE)--October 28, 2021--
Materialise NV (NASDAQ:MTLS), a leading provider of additive manufacturing and medical software and of sophisticated 3D printing services, today announced its financial results for the third quarter ended September 30, 2021.

Highlights -- Third Quarter 2021

-- Total revenue increased 28% to 52,195 kEUR for the third quarter of 2021
from 40,785 kEUR for the 2020 period.

-- Total deferred revenues from annual software sales and maintenance fees
increased 547 kEUR to 30,789 kEUR compared to December 31, 2020.

-- Adjusted EBITDA increased 62% to 9,739 kEUR for the third quarter of 2021
from to 6,023 kEUR for the 2020 period.

-- Net profit for the third quarter of 2021 was 8,652 kEUR, or 0.15 EUR per
diluted share, compared to a loss of (282) kEUR, or (0.01) EUR per
diluted share, for the 2020 period.

-- Total cash was 194,946 kEUR at the end of the quarter.
Executive Chairman Peter Leys commented, "While the COVID-19 pandemic lingers on in certain parts of the world, our record third quarter results show that Materialise is coming out of this crisis stronger than before: our revenue grew by 28% to a quarterly record of 52.2 kEUR and solid operational performances in all three of our segments resulted in a quarterly Adjusted EBITDA record of 9.7 million EUR. We plan to continue to invest to further accelerate our growth and look forward to introducing new product upgrades at next month's Formnext in Frankfurt."

Third Quarter 2021 Results

Total revenue for the third quarter of 2021 increased 28.0% to 52,195 kEUR from 40,785 kEUR for the third quarter of 2020. Adjusted EBITDA increased 62% to 9,739 kEUR from 6,023 kEUR in the previous period. The Adjusted EBITDA margin (Adjusted EBITDA divided by total revenue) for the third quarter of 2021 increased to 18.7% from 14.8% for the third quarter of 2020.

Revenue from our Materialise Software segment increased 10.4% to 10,468 kEUR for the third quarter of 2021 from 9,478 kEUR for the same quarter last year. Segment EBITDA increased 19.1% to 3,708 kEUR from 3,114 kEUR while the segment EBITDA margin increased to 35.4% compared to 32.9% in the prior-year period.

Revenue from our Materialise Medical segment increased 10.2% to 18,910 kEUR for the third quarter of 2021 compared to 17,161 kEUR for the same period in 2020. Segment EBITDA decreased to 5,251 kEUR from 5,476 kEUR while the segment EBITDA margin was 27.8% compared to 31.9% for the third quarter of 2020.

Revenue from our Materialise Manufacturing segment increased 61.2% to 22,817 kEUR from 14,154 kEUR for the third quarter of 2020. Segment EBITDA increased to 3,546 kEUR from a loss of (321) kEUR while the segment EBITDA margin increased to 15.5% compared to (2.3)% in the third quarter of 2020.

Gross profit was 31,076 kEUR, an increase of 33.4% compared to 23,303 kEUR for the same period last year, while the gross profit margin increased to 59.5% of total revenue compared to 57.1% for the third quarter of 2020.

Research and development ("R&D"), sales and marketing ("S&M") and general and administrative ("G&A") expenses increased, in the aggregate, 11.3% to 26,900 kEUR for the third quarter of 2021 from 24,176 kEUR for the third quarter of 2020.

Net other operating income was 355 kEUR compared to 1,157 kEUR for the third quarter of 2020. Operating result increased to 4,529 kEUR from 284 kEUR for the third quarter of 2020. Net financial result was 4,204 kEUR compared to (1,331) kEUR for the third quarter of 2020. The third quarter of 2021 contained income tax expenses of (80) kEUR, compared to 764 kEUR in the third quarter of 2020.

As a result of the above, our net result for the third quarter of 2021 increased 8,934 kEUR to a net profit of 8,652 kEUR, compared to a net loss of (282) kEUR for the same period in 2020. Total comprehensive income for the third quarter of 2021, which includes exchange differences on translation of foreign operations, was 8,267 kEUR compared to (1,659) kEUR for the 2020 period.

At September 30, 2021, we had cash and cash equivalents of 194,946 kEUR compared to 111,538 kEUR at December 31, 2020. Gross debt amounted to 102,180 kEUR, compared to 115,110 kEUR at December 31, 2020. As a result, our net cash position (cash and cash equivalents less gross debt) was 92,766 kEUR at September 30, 2021, an improvement of 96,338 kEUR compared to December 31, 2020.

Cash flow from operating activities for the first three quarters of 2021 was 17,490 kEUR compared to 14,752 kEUR for the same period in 2020. Total capital expenditures for the third quarter of 2021 amounted to 3,252 kEUR.

Net shareholders' equity at September 30, 2021 was 228,474 kEUR compared to 133,104 kEUR at December 31, 2020. In July 2021, we issued 600,000 new shares following the exercise of the underwriters' option to purchase additional shares, in connection with the public offering of 4,000,000 shares issued in June 2021.

2021 Guidance

Mr. Leys concluded, "We expect our consolidated revenues for 2021 to be towards the higher end of the 197,000 kEUR to 200,000 kEUR range we previously provided. For 2021, we are increasing our Adjusted EBITDA guidance from up to 25,000 kEUR to up to 28,000 kEUR."

Non-IFRS Measures

Materialise uses EBITDA and Adjusted EBITDA as supplemental financial measures of its financial performance. EBITDA is calculated as net profit plus income taxes, financial expenses (less financial income), shares of profit or loss in a joint venture and depreciation and amortization. Adjusted EBITDA is determined by adding share-based compensation expenses, acquisition-related expenses of business combinations, impairments and revaluation of fair value due to business combinations to EBITDA. Management believes these non-IFRS measures to be important measures as they exclude the effects of items which primarily reflect the impact of long-term investment and financing decisions, rather than the performance of the company's day-to-day operations. As compared to net profit, these measures are limited in that they do not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in the company's business, or the charges associated with impairments. Management evaluates such items through other financial measures such as capital expenditures and cash flow provided by operating activities. The company believes that these measurements are useful to measure a company's ability to grow or as a valuation measurement. The company's calculation of EBITDA and Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. EBITDA and Adjusted EBITDA should not be considered as alternatives to net profit or any other performance measure derived in accordance with IFRS. The company's presentation of EBITDA and Adjusted EBITDA should not be construed to imply that its future results will be unaffected by unusual or non-recurring items.

Exchange Rate

This document contains translations of certain euro amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from euros to U.S. dollars in this document were made at a rate of EUR 1.00 to USD 1.1579, the reference rate of the European Central Bank on September 30, 2021.

Conference Call and Webcast

Materialise will hold a conference call and simultaneous webcast to discuss its financial results for the third quarter of 2021 on Thursday, October 28, 2021, at 8:30 a.m. ET/2:30 p.m. CET. Company participants on the call will include Wilfried Vancraen, Founder and Chief Executive Officer; Peter Leys, Executive Chairman; and Johan Albrecht, Chief Financial Officer. A question-and-answer session will follow management's remarks.

-- To access the conference call, please dial 844-469-2530 (U.S.) or
765-507-2679 (international), 4294784#.
The conference call will also be broadcast live over the Internet with an accompanying slide presentation, which can be accessed on the company's website at investors.materialise.com. A webcast of the conference call will be archived on the company's website for one year.

About Materialise

Materialise incorporates 30 years of 3D printing experience into a range of software solutions and 3D printing services, which form the backbone of the 3D printing industry. Materialise's open and flexible solutions enable players in a wide variety of industries, including healthcare, automotive, aerospace, art and design, and consumer goods, to build innovative 3D printing applications that aim to make the world a better and healthier place. Headquartered in Belgium, with branches worldwide, Materialise combines one of the largest groups of software developers in the industry with one of the largest 3D printing facilities in the world. For additional information, please visit: www.materialise.com.

[Windbag1014]

JPM Initiating coverage at overweight with $28 price target.

[Windbag1014]

This is my largest individual holding. High conviction for me.

Great to hear Dad.

[Pisd]

..might even make some money here yet?.. MTLS$...

[Windbag1014]

Nice couple of days here.
Hope you are doing well.

[Pisd]

$24.. Let's GOOOOO !!!!.. MTLS$ ...

[Pisd]

Get up over $23 imo.. MTLS$...

[Windbag1014]

Up 5% is a good way to start the day.

[nowwhat2]

Not outta the woods yet - If the S&P were to sink, this thing'd get ALL THE WAY down to The Oval

[Diogenes of Sinope]

Materialise (MTLS) Q2 Earnings and Revenues Beat Estimates

https://www.google.ca/amp/s/finance.yahoo.com/amphtml/news/materialise-mtls-q2-earnings-revenues-120512655.html

[nowwhat2]

The other one ?

[nowwhat2]

And it would seem I've called it perfectly.

Whilst you've woken up LATE to the realization.

Just paying U back for all the windbag dissing you done me.

[Windbag1014]

The other one is taking off today as well.

[Windbag1014]

It would seem the world is realizing things were overdone here.

[Pisd]

Now $23+ .. MTLS$...

[nowwhat2]

So it is.....So it is !

Last 20.75 - Up 7.x % ?................52 week low - 18.52 ?

[Pisd]

Looking good today.. MTLS$...

[nowwhat2]

[Pisd]

I'm sticking around; others slow to catch on.. MTLS$...

[Pisd]

I like to pick stocks that go straight down to the various support levels. "How much lower can this go?", keep buying..

How exciting we might find a bottom maybe even this week, lol

Hopefully this is a just a big shakeout and the earnings will be really impressive, then go over $30 would be great.

One thing machines don't get sick; also the technology is inevitable.

MTLS$

gl

[nowwhat2]

Nearing the Nowwhat Action Line ?

[ShawnyD]

Was the recent drop from 80ish to current a reflection of the last q’s revenue? Crazy

[nowwhat2]

https://investorshub.advfn.com/boards/replies.aspx?msg=164902935

[nowwhat2]

Boy ! Well, uh ; pardon the negativity here but hey.....
A) I'm essentially a Perma-Bear and B) You also asked, so.....


Well that's pretty significant and awfully soon also so....
Yeah one could be witnessing some shennanigans in action.
Friday morning we'll see the markets' first impression ?

What a ridiculous-looking chart - Mkt cap = 115 billion ?





Meanstwhile (factoring in) ;


Hangseng


Frankfurt



Shanghai





Shanghai will have to rip up thru its' 35 .....tonight.


Whilst the Hangseng had better (at least) hold its' line.


And as for Frankfurt ?.....Its' 15-5 may well prove "enlightening".


https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=cn%3Ashcomp&x=63&y=18&time=4&startdate=1%2F1%2F2016&enddate=12%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9



https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=hangseng&x=54&y=17&time=4&startdate=1%2F1%2F2016&enddate=12%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9

Not exactly promising responses there yet......

[Pisd]

Thursday night: https://ih.advfn.com/stock-market/NASDAQ/materialise-nv-MTLS/stock-news/85596649/materialise-nv-to-report-second-quarter-2021-earni

gl

MTLS$..

[Pisd]

$19.52 close..yes I keep buying..needing $24 atm..buy-buy-buy, gl.. MTLS$...

[Pisd]

Bottoming chart PLUS positive earnings (hopefully) = perfect storm...

[nowwhat2]

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=mtls&x=42&y=16&time=18&startdate=1%2F1%2F2007&enddate=12%2F23%2F2021&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165112345

[Pisd]

Move the line down to $19.70 maybe? .. MTLS$...

[nowwhat2]

Easy 10% per day !




he-he-he-he

[Pisd]

OK, ..now the "double bottom".. let's GOOO!!.. MTLS$...

[Pisd]

Good call..

[nowwhat2]

$20...........Boing ! ?................Last 21.99 ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164896995

[nowwhat2]

Why, they got a report coming out right soon ?

hmmmm - Why I imagine they WOULD (being earnings season)


Where, come now to think of it - There must be OTHERS (many) - which're flirting with significant T.A.-related levels, simply because it is earnings season.....


And therein lies the rub - Earnings may not be construed as terrific and....


The sig. levels fail to hold OR.....


Earnings DO get construed as terrific and broad mkts continue to rally



I dunno.....All's I DO know is that......

[Pisd]

Added little more $20..let's see good earnings now.. MTLS$...

[nowwhat2]

Hey you are right. It looks like it's at 20 ! And that it got down to there FAST

[Pisd]

..and here you are the $20 bucks, gl.. MTLS$...

[Diogenes of Sinope]

https://ih.advfn.com/stock-market/NASDAQ/materialise-nv-MTLS/stock-news/85596649/materialise-nv-to-report-second-quarter-2021-earni

[nowwhat2]

Depends on whether this busts out - I kinda doubt it will. Altho that possibility DOES exist







If/when that hits its' line one could / should see MAT at its' 20







Seems to have a very-sound risk (bounce) profile right now tho !
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=mtls&x=49&y=17&time=100&startdate=1%2F1%2F2019&enddate=12%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11



Quite often they'll quite naturally not get precisely to "expectations"

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=mtls&x=42&y=15&time=18&startdate=9%2F1%2F2020&enddate=5%2F13%2F2022&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

[Pisd]

I hate it when you're right all the time, but let's bounce off $20 and hope China has a good day..

Feedback appreciated as always.

Do you wonder where this will be a few years out?

buy here? $20 and change? no??

[Pisd]

Applying the Buffett rule here; buyer again today impatient for $20. I do like so much the now-what posts and charts, excellent. Says the bottom might be only one more dollar away.. great.

One day go to $100 hard to believe, but as Dad say's it will take a path of it's own choosing and I agree and allocating more $$ here..

MTLS$...

gl

[Windbag1014]

I keep thinking the low has to be in. I keep being wrong.

[nowwhat2]

No.....She'll bounce off of $20 - Has she hit $20 yet ?.....I don't think she has ;

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=mtls&x=49&y=17&time=100&startdate=1%2F1%2F2019&enddate=12%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=50+200&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11


Don't shoot until FOR SURE you've seen the whites of her eyes.....and even THEN - give 'er some second thought (based on the status of the broad markets)




he-he-he-he . . . . . .



Shanghai's been my Main Benchmark (this entire? year)
















With the G-20 Finance Ministers having just met, who KNOWS what they've concocted !



But, surely they must know that they can't just KEEP going vertical !





But then again perhaps they don't (understand that that's insane)






They're just itchin' to bust the ole' Russell out too, and send it MORE parabolic.....








Means she goes even MORE parabolic.....That's NUTS !





That's why this here is just so HUGE......LoL





They're sure stretching things out tho - buying time - Give 'em an inch ; They'll take a mile


Earnings Season started yest



S&P Futures up 16 right now

[Pisd]

52wk low.. go up from here eh?.. MTLS$...

[Pisd]

Trading other stuff for the sub-$22 shares here.. MTLS$...

[Pisd]

Was gonna follow you..but already am; gl, MTL$ $100...

[Windbag1014]

Agreed, doesn't seem to be anything stock specific here from what I can see.

[Pisd]

I really think MTLS$ is buy-buy-buy here, $22's crazy...

[Pisd]

Old news eh?: https://www.globallegalchronicle.com/materialises-usd-96-million-public-capital-increase/