Gross debt amounted to 83,925 kEUR, compared to 99,107 kEUR atDecember 31, 2021. LEUVEN,Belgium--(BUSINESS WIRE)--Apr. This document contains translations of certain euro amounts into U.S. dollars at specified rates solely for the convenience of readers. We caution you that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. Unless otherwise noted, all translations from euros toU.S.dollars in this document were made at a rate ofEUR 1.00toUSD 0.9748, the reference rate of theEuropean Central BankonSeptember 30, 2022. "We believe that collaboration with Vuzix will bring new innovations to industrial smart eyewear and accelerate the customer adoption of smart eyewear in the enterprise and broader consumer markets. Impact on Net profit for the period and on (Deferred) income taxes is 26 k. To access the call by phone, please click the link below at least 15 minutes prior to the scheduled start time and you will be provided with dial-in details. Total deferred revenues from annual software sales and maintenance fees increased by 1,728 kEUR this Highlights Third Quarter 2021. LEUVEN, Belgium, May 15, 2023 (GLOBE NEWSWIRE) -- Materialise NV (NASDAQ:MTLS), a leading provider of additive manufacturing software and of Total revenue for the first quarter of 2023 increased 24.4% to 65,886 kEUR from 52,961 kEUR for the first quarter of 2022. 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. There are a number of risks and uncertainties that could cause the company's actual results to differ materially from the forward-looking statements contained in this press release. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. 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 companys business, or the charges associated with impairments. In the third quarter, we also increased our overall ongoing R&D efforts by more than 4% and began implementing an internal digital transformation program, including a new e-commerce portal and new customer relationship management (CRM) and enterprise resource planning (ERP) systems.. For additional information, please visit www.materialise.com. Materialise Reports First Quarter 2022 Results. ", Materialise incorporates more than three decades of 3D printing experience into a range of software solutions and 3D printing services that empower sustainable 3D printing applications. ", "As our OEM solutions ramp up in support of defense, consumer, and other markets, our manufacturing capabilities need to match pace for scalability, production speed and above all quality," said Paul Travers, President and CEO of Vuzix. However, the Company cannot offer any assurance that our expectations, beliefs and projections will actually be achieved. While smart eyewear has transformed the workplace, consumer adoption has been limited due to the lack of compelling consumer applications and the lack of fashionable and affordable designs. The EBITDA margins of the Materialise Software and Materialise Manufacturing segments were 33% and (2%), respectively. In the third quarter of 2020, we increased our R&D expenses by 4.2%, while our cost reduction initiatives in S&M and G&A resulted in decreases of 18.7% and 11.7%, respectively, compared to the third quarter of 2019. ROCHESTER, NY (USA), LEUVEN (BELGIUM) May 30, 2023 Vuzix Corporation (NASDAQ: VUZI), a leading supplier of smart glasses and augmented reality (AR) technology and products, and Materialise NV (NASDAQ: MTLS), a 3D printing pioneer, have announced a collaborative effort to accelerate the design and production of As a result of the above, net loss for the third quarter of 2020 was (366) kEUR, compared to 1,001 kEUR for the same period in 2019. Executive Chairman Peter Leys commented, While the global economy was negatively impacted by a combination of geopolitical instability and the COVID-19 pandemic, Materialise continued to perform well. Total revenue was 40,785 kEUR for the third quarter of 2020 compared to 50,449 kEUR for the 2019 period. For additional information, please visit:www.materialise.com. Total comprehensive income for the third quarter of 2022, which includes exchange differences on translation of foreign operations, was 1,638 kEUR compared to 8,272 kEUR for the 2021 period. 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 companys day-to-day operations. The conference call will also be broadcast live over the Internet with an accompanying slide presentation, which can be accessed on the companys website athttps://investors.materialise.com. Gross debt amounted to 93,583 kEUR, compared to 99,107 kEUR at December 31, 2021. A webcast of the conference call will be archived on the company's website for one year. Consolidated statement of financial position (Unaudited), Consolidated statement of cash flows (Unaudited). Net other operating income was 938 kEUR compared to 1,120 kEUR for the first quarter of 2021. Exciting consumer applications of smart eyewear using Vuzix OEM components include on-screen displays of speed and heart rate for athletes, push notifications and navigation, speech-to-text translation, and augmented reality gaming. Total revenue increased 16.3% to 52,961 kEUR compared to 45,554 kEUR for the first quarter of 2021. Executive Chairman Peter Leys commented, Given the challenging environment, Materialise performed well this quarter, thanks to the continued hard work and inspiring contributions of our entire workforce. Net other operating income was 519 kEUR compared to 938 kEUR for the first quarter of 2022. Net profit for the third quarter of 2022 was 1,413 kEUR, or0.02 EURper diluted share, compared to 8,657 kEUR, or0.15 EURper diluted share, for the 2021 period. By collaborating with Materialise, a 3D printing pioneer with over three decades of experience, Vuzix gains access to the full potential of 3D printing to support companies in offering an exciting new series of smart eyewear. We look forward to seeing whats possible together., Materialise incorporates more than three decades of 3D printing experience into a range of software solutions and 3D printing services that empower sustainable 3D printing applications. Investor Relations - Horizontal. After posting record numbers for 2021, all of our segments grew during the first quarter of 2022, with an aggregate revenue increase of 16% on a consolidated basis, driven by the continued recovery of Materialise Manufacturing. Our open, secure, and flexible end-to-end solutions enable flexible industrial manufacturing and mass personalization in various industries including healthcare, automotive, aerospace, eyewear, art and design, wearables, and consumer goods. At March 31, 2022, we had cash and cash equivalents of 169,610 kEUR compared to 196,028 kEUR at December 31, 2021. 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 1.1708, the reference rate of the European Central Bank on September 30, 2020. Materialises 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. Revenue from our Materialise Manufacturing segment increased 26.2% to 24,131 kEUR for the first quarter of 2022 from 19,114 kEUR for the first quarter of 2021. Additionally, 3D printing drastically reduces time-to-market, enabling the transition from initial design to finished product in less than three months, compared to the eyewear industry's typical 18-month design-to-shipment cycle. There are a number of risks and uncertainties that could cause the company's actual results to differ materially from the forward-looking statements contained in this press release. Segment EBITDA amounted to 4,765 kEUR for the third quarter of 2022 compared to 5,251 kEUR while the segment EBITDA margin was 22.3% compared to 27.8% for the third quarter of 2021. ROCHESTER, NY (USA), LEUVEN (BELGIUM) May 30, 2023 Vuzix Corporation (NASDAQ: VUZI), a leading supplier of smart glasses and augmented reality (AR) technology and products, and Materialise NV (NASDAQ: MTLS), a 3D printing pioneer, have announced a collaborative effort to accelerate the design and production of smart eyewear using 3D printing technology. LEUVEN, Belgium--(BUSINESS WIRE)--Oct. 29, 2020-- 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, 2020. 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. "Materialise offers several key advantages that align with our strategic outlook. Moviynt, an SAP Certified ERP SaaS logistics solution provider, is a Vuzix wholly owned subsidiary. The company believes that these measurements are useful to measure a companys ability to grow or as a valuation measurement. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; Oxford, UK; Munich, Germany; and Kyoto and Tokyo, Japan. Headquartered inBelgium, 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. Total deferred revenues from annual software sales and maintenance fees increased by 1,728 kEUR this quarter to 44,508 kEUR. ROCHESTER, N.Y. and LEUVEN, Belgium, May 30, 2023 /PRNewswire/ -- Vuzix Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of The companys 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. Leveraging the flexibility of 3D printing in smart glasses production can significantly reduce design cycles, enabling a more agile response to the fast-paced introduction of technological advancements. Operating result amounted to 4,998 kEUR compared to 49 kEUR for the first quarter of 2022. Unless otherwise noted, all translations from euros toU.S.dollars in this document were made at a rate ofEUR 1.00toUSD 1.0875, the reference rate of theEuropean Central BankonMarch 31, 2023. Compared to the third quarter of 2019, revenues from our medical software grew 3.1% and revenues from medical devices and services increased 14.5%. LEUVEN,Belgium--(BUSINESS WIRE)--Oct. 27, 2022--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 endedSeptember 30, 2022. (*) The year 2021 has been restated to reflect the final accounting of the business combination with RS Print. The first quarter of 2023 contained income tax expenses of (718) kEUR, compared to (298) kEUR in the first quarter of 2022.
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