Greetings, and welcome to the voxeljet AG Q3 2023 financial results call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr. Johannes Pesch, Investor Relations and Business Development for voxeljet AG. Thank you, sir. You may begin. Thank you, and good morning, everyone. With me today are Dr. Ingo Ederer, voxeljet's Chief Executive Officer, and Rudi Franz, voxeljet's Chief Financial Officer. Yesterday, after the market closed, voxeljet issued a press release announcing its Q3 financial results for the period ended September 30, 2023. The release, as well as the accompanying presentation for this conference call, is available in the Investor Relations section of the company's website at voxeljet.com. During our call, we may make certain forward-looking statements about the company's performance, including expectations on results from our current order backlog. Such forward-looking statements are not guarantees of future performance, and therefore one should not place undue reliance upon them. Forward-looking statements are also subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed. For additional information concerning factors that could cause actual results to differ from those discussed in our forward-looking statements, you should refer to the cautionary statements contained in our press release, as well as the risk factors contained in the company's filings with the Securities and Exchange Commission. With that, I would now like to turn the call over to Ingo, Chief Executive Officer of voxeljet. Thank you, Johannes. Good morning, everyone. Thank you for joining us on our earnings call today. Our business continues to perform well, and we are targeting the higher end of our full-year sales guidance for 2023. Achieving this goal is primarily dependent on all 3D printer installations progressing as planned. Everyone here at voxeljet is fully committed and fully focused on making the Q4 of this year our best quarterly result to date. We are currently finalizing the business planning for the coming fiscal year, with our main goal being to optimize costs in all operational areas without compromising our growth targets. Our goal is to break even on a full-year EBITDA basis by 2025. A key priority in this market environment is to preserve cash. Therefore, we are lowering our non-essential spend across the company. Let's turn to slide four and a brief overview of our company. Our roots reach back to the year 1995, with the first successful dosing of UV resins. In the context of a hidden project, initial 3D printing tests were performed at the Technical University of Munich. I co-founded the company on May 5, 1999, as a spin-off from the university, with a clear vision in mind to establish a new manufacturing standard. Today, we provide our customers a strategic competitive advantage by upgrading their existing production methods to additive manufacturing solutions. Let's turn to slide five, where we describe our technology. In the additive manufacturing market, there are likely more than 10 different technologies, each with its specialized field of application. We use a technology called Binder Jetting. Binder Jetting is especially well-suited for high-volume manufacturing because of its potential to scale. We were one of the first companies to recognize the potential of this technology in industrial applications and have continued to develop this advantage. Today, voxeljet not only supplies the world's largest binder jetting printers, but also the fastest. With our VJET X technology, we are pushing new boundaries. In one of the later slides, we provide a link to a video of these new printers in action at the BMW plant in Germany. Slide six shows our global sales network and production footprint. As you can see, we have reached an established position in all major markets in Europe, USA, as well as in Asia. Turning to slide seven, where we explain our two business segments. As shown on slide eight, in the services segment, we operate our own 3D printers in three facilities around the world to offer affordable, on-demand access to our technology. Our business model is very user-friendly, as customers only need to send the 3D data in, and we will print parts for them. That is an efficient and easy way for our customers to understand new business opportunities in 3D printing. Customers come from various industries, including automotive, aerospace, general engineering, as well as art and architecture. For example, in the U.S., one of our largest on-demand printing clients is a supplier to a leading space exploration company. In our system segment on slide nine, we manufacture and sell industrial-grade, high-speed, large-format 3D printing systems geared towards mass production of complex models, molds, and direct parts. We differentiate ourselves from our competitors by superior build size, material diversity, and speed. Each model can be used with multiple material sets. The VX1000, for instance, can be ordered as a PMMA printer, as a printer for various types of sand molding sands, and also to print ceramics. This versatility enables us to address different market needs efficiently. Systems revenue also includes recurring revenue from the sale of consumables, maintenance contracts, upgrades, and other after-sales activities. This recurring portion of revenue is growing as the install base of our 3D printers expands. On slide 10, we summarize the key advantages of combining 3D printing and conventional manufacturing, what we call indirect metal printing. First, you 3D print a mold or pattern and then cast it in metal. Key advantages include high economics of scale, no need for certification, and no limitations regarding the size of the part and the alloy used. While direct metal printing has its applications, it is not suitable for high volume production. Because of very limited economies of scale, the cost per part in direct metal printing are simply too high compared to the combination of 3D printing and metal casting. Slide 11 presents a comprehensive illustration of the wide range of applications of our technology. Slide 12 highlights recent improvements in the performance of our binder jetting technology. It all started with a tiny printer that I and some colleagues built almost thirty years ago. It was our goal from the beginning to bring 3D printing into high volume production. Today, with massive partners like BMW, GE Renewable Energy, and others, we are achieving this mission. On slide 13, we summarize illustrated case studies showcasing how we add value for our clients across several different industries. Let's start with the formal part of the presentation. I will begin with an overview of the results for the Q3. Rudi will then provide a more in-depth view of our financials for the Q3, 2023, and our outlook for the rest of the year. Following his comments, we will be happy to take your questions. Turning to slide 15. Total revenue for the Q3 this year came in at higher end of our guidance corridor and increased 7.5% to EUR 6.2 million from EUR 5.7 million in the Q3 last year. In combination with an order backlog for 15 3D printers worth around EUR 11.8 million, this makes us very optimistic. In services, our on-demand 3D printing segment, we saw another very robust quarter with continued high demand for our products. In Germany, we received a large order last week from a leading German car maker for printing parts that will keep us busy throughout December of this year. In U.S., our PMMA section is basically fully booked with printing parts for a supplier to a U.S.-based exploration company. Overall, revenue from our German and Chinese service centers was slightly below the very successful Q3 last year. In systems, revenue increased more than 25% as we sold 3 new printers in the Q3 of 2023, compared to selling 1 new and 1 refurbished printer in the Q3 of 2022. The recurring portion of revenue is also growing as the install base of our 3D printers expands. This includes the sale of consumables, maintenance contracts, upgrades, and other after-sales activities. For the first nine months of this year, systems revenue increased by an impressive 37%. Gross profit margin from the sale of 3D printers was lower as a result of a less favorable product mix. This was more than offset by the increase in gross margin contribution from after-sales related business. Gross profit margin in the services segment decreased to 30% from 33% in the Q3, 2022. This was mainly related to a lower utilization in our German and Chinese service centers. Slide 16 breaks down order backlogs by quarter, revenue by geography, and operating expenses by category. When looking at revenue by geographic region, we target an even distribution across the three regions to hedge against risk from local events. Order backlog for 3D printers continues to grow throughout the year, and in combination with the 37% increase in systems revenue for the first nine months, that is an excellent result. Let's turn to slide 17 and a brief update on our project with GE. We were selected for a $14.9 million contract alongside GE Research to develop advanced manufacturing technologies to enable the U.S. energy transition. The funding comes from the U.S. Department of Energy and is directed towards the development of novel manufacturing processes. The DOE grant will fund the development and commercialization of our new big and fast printer, or BFP. This new printer is currently under development and will be by far the largest and most productive system worldwide. The new printer will be used to manufacture massive sand casting molds, for example, for next generation wind turbines. The project was established to strengthen the U.S. manufacturing industry and expertise. It will boost cost-effective domestic production of large metal components in alignment with the Biden administration's clean power generation strategy. We plan to produce molds for casting parts ranging from 10-60 tons, for example, the wind turbine outer casing or nacelle. According to Data Bridge Market Research, the global wind turbine nacelle market was estimated to be valued at $6.6 billion in 2021 and projected to be over $15 billion by 2029. We are confident that Additive Manufacturing, and especially our large-scale Binder Jetting technology, is the optimal and perhaps also the only choice for the manufacturing of such parts efficiently. Let's turn to slide 18 and a new video that we published at the end of October. In this video, you can see how the five VJET X units were installed at the BMW plant in Landshut, Germany. The video also demonstrates the fully automated process which we developed together with our partners. This is a unique solution and something that no other player in the 3D printing industry can currently offer. You will see from the video that this is real industrial production. We have obtained one patent and filed 28 pending patent applications across 10 product families in order to protect this proprietary approach across the United States, Europe, and other geographies. Let's turn to slide 19 and a brief update on high-speed sintering. Bose, a large multinational tier one supplier, received the first VX1000 high-speed sintering system as part of our beta program. We achieved a significant milestone last month. The printer was formally handed over so that Bose can operate it with their own staff. The procurement of parts and assembly of the next two HSS printers has started. We are making good progress with printing flexible materials like TPU on larger printers as well, and you can see some pictures on the left side of the slide. Let's turn to slide 20. We are excited to announce that FKM Sintertechnik, one of Germany's largest 3D printing providers, invest in our new VX1000 high-speed sintering printer. FKM is a pioneer and leading 3D printing service provider for powder bed laser sintering and laser powder bed fusion in Europe. The company's clients include well-known industrial companies from a wide range of industries. With our VX1000 HSS, they are expanding their production capacity with a powerful 3D printer that offers both low cost per part and unprecedented build volume. Turning to slide 21, we hosted a two-day customer seminar with customers from all around the world. This productive seminar featured fascinating speakers and presentations about metal casting and 3D printing, topology optimization, large format art casting, and material development for polymer, additive manufacturing, and network sessions. Slide 22 summarizes our value proposition. With the continued high demand for our products and the cost savings, we believe we are well on track on our path towards profitable growth. With that, I would now like to turn over the call to Rudi. Thank you, Ingo, and good morning, everyone. We are happy with the revenue for the Q3 coming in at the higher end of our guidance corridor. Overall, our operational business is developing well. Compared to full-year revenue guidance given at the beginning of this year, we are currently on track to arrive the higher end of the full-year revenue range as well. Achieving this important goal is primarily dependent on all 3D printer installations progressing as planned. For the first nine months of this year, revenue from our system segment increased by an impressive 36.7% as compared to the same period last year. That is a great achievement. Everyone here at voxeljet is fully focused on making the Q4 of this year our best quarter results to date. Our main goal for the next year is to optimize costs in all operational areas without compromising our growth targets and to break even on a full-year basis, EBITDA basis by 2025. I will now take you through the financials for the Q3. After that, we are happy to take your questions. Turning to slide 24, Q3 2023 revenues increased 7.5% to EUR 6.2 million as compared to 5-7 million euros in the same period last year. Gross profit margin for the quarter slightly decreased to 26.8% from 28.7% in the Q3 last year. Let's break this down. In systems, gross profit margin from the sale of 3D printers decreased as a result of less favorable product mix. This was offset by a substantial increase in gross margin contribution from after sales, which is part of the system segment. In services, Germany and China contributed lower gross margins as compared to the Q3 of the previous year as a result of slightly lower utilization rates. Nevertheless, we are happy with our service segment. In Germany and the U.S., we are basically fully booked until the end of 2023. The next slide shows our segment reporting for the quarter. On slide 25, revenue from our system segment, which includes revenues from selling 3D printers, consumables, and spare parts, as well as maintenance, increased 25.2% to EUR 3.4 million for the Q3 this year from EUR 2.7 million for the Q3 last year. We sold 3 new printers this quarter, compared to 1 new and 1 refurbished printer in the Q3, 2022. On slide 26, services revenue decreased 8.2% to EUR 2.8 million in the Q3 2023, compared to EUR 3.0 million in the same last quarter last year. Services gross profit margin decreased to 29.6% in the third quarter of 2023 from 32.8% the same quarter, 2022. The lower margin was the result of lower utilization of our German and Chinese 3D printing centers. Looking now to the rest of the financial highlight on slide 27, selling expenses decreased to EUR 1.8 million in the Q3 of 2023. Most of our selling expenses are personal expenses and distribution expenses, such as freight and commissions for sales agents. This compares to EUR 2.0 million in the Q3 of 2022. Administrative expenses increased to EUR 1.8 million as compared to EUR 1.6 million in the Q3 of 2022. Keep in mind, we typically spend more than EUR 1 million in auditing fees per year and out of EUR 5 million in legal fees. Research and development expenses decreased to EUR 1.5 million in the Q3 of 2023, compared to EUR 1.7 million in the same quarter of 2022. The decrease was mainly due to lower usage of external services and lower material consumption personal expenses. R&D expenses can vary from quarter to quarter and are usually driven by variation in project types and phases. Over EUR 4 million of R&D costs were reimbursed through our project partners, primarily GE Renewable Energy and government grants. This is shown in other operating income. Operating loss was EUR 2.8 million in the Q3 of 2023, compared to an operating loss of EUR 2.5 million in the comparative period in 2022. As a result, net loss for the quarter was EUR 3.2 million, or 0.34 euro cent to ADS, compared to a net loss of EUR 8.7 million, or EUR 1.23 in the period prior year same quarter. Shares outstanding as of September thirtieth, 2023, are 9.134724 million. We have provided a similar presentation for the nine-month period ended September thirtieth, 2023, on slide 28 through 31. Slide 31 shows selected balance sheet items. As of September 30, 2023, the company had cash, cash equivalents, and short-term investments in bond funds of roughly EUR 10 million. This includes restricted cash of approximately EUR 3 million. I would like to point out that the only financial debt on our balance sheet is a $3.2 million promissory note that matures in early 2028. This compares favorably to unencumbered current assets of around $30 million. Slide 32 summarizes our financial guidance for the full year 2023. We increased the midpoint full-year revenue guidance from EUR 30 million to EUR 30.75 million. We lowered full-year research and development expenses guidance corridor from previously EUR 7.5 million-EUR 8.5 million to between EUR 6.75 million-EUR 7 million. We lowered full-year capital expenditure guidance corridor from previously EUR 3.75 million-EUR 4.25 million to between EUR 1.5 million and EUR 1.75 million. Please note that here, the timing of when the asset is capitalized on the balance sheet is relevant. Overall, cash capital expenditures for full year 2023 is around EUR 1 million, and we expect less than EUR 2 million for the Q4 of this year. Revenue for the Q4, 2023, is expected to be in the range of EUR 10 million and EUR 13.5 million. This concludes my remarks, and with that, we will now open the call up for your questions. Operator? Thank you. At this time, we'll be conducting a question and answer session. If you'd like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you'd like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. Our first question comes from the line of Brian Kinstlinger with Alliance Global Partners. Please proceed with your question. Great, thanks for taking my questions and nice additions to the backlog. So if you look at the backlog and just divide by the 15 printers there, the average selling price is about EUR 800, whereas the backlog at the year end of December was about EUR 900 ±. So I guess I'm wondering, how you think about the average selling price going forward based on the pipeline you have. Will it be increasing, or is that kind of where you think, based on what you're selling, new printers versus old printers, you know, kind of a good sense down the road? So I think, thank you for the question, Brian. It always depends on the product mix. The average selling price of a printer, I think that's what we always have shared with the market, is around EUR 500,000. And it depends. As I said, it can depend on the product mix, that on a quarterly basis, it is sold on EUR 700,000 or EUR 800,000. I hope that answers your question. Yeah. Okay. And then maybe I wonder how you quantify the pipeline of opportunities today versus maybe a year ago. Is the market stronger? Is it weaker, maybe because of the economy? Just trying to understand, again, the pipeline. So our impression is that the interest in our products increased. We, we see a good increase in, in all material sets, and we are quite confident for 2024 and 2025 based on, on what we, what we have in the pipeline. I guess I'm thinking more in the lines of new customer wins for system sales. Are you engaging with more prospective customers, less prospective customers? About the same year-over-year? I'm you know, I'm trying to understand as that builds for years down the road. I would say, it is consistently growing. My, My, my answer to your question is it is consistently growing. Our products are, I would say, well accepted in the market, and, as you know, we have a very active service center activity. Every system sell, it's all, it comes through through our service segment, and, here we have more than 300 very active clients, partly owning a printer already and ordering more parts and, clients who decided or will decide over time to increase their in-house production and accordingly going to buy a printer. Okay. Then I'm curious, with your successes at BMW, we've talked about this. I'm curious if you could share any discussions or plans with BMW going forward in regards to printers for other parts? ... Sure. So to answer this question, currently, the plant is trying these printers out and getting the confidence in the solution. But the discussions of how castings will be made in future and how to utilize such a method also for other purposes is going on, not just with BMW, but also with other clients. And we are confident that we can benefit from the development very soon. Okay. Lastly, you mentioned getting to break even, by 2025. Can you help frame 2024? I mean, is 15% reasonable growth, on the top line? Do you think EBITDA losses will narrow with cost-cutting? Just maybe high level without necessary specific targets. So high level is that we plan growth of, I would say, as we have said in the past, approximately 15%-20% headline growth. We plan further cost reduction in SG&A without affecting our growth targets. So we definitely feel see a better EBITDA number. In 2024, we definitely targeting in the second half of this year being either EBITDA neutral or slightly negative. And as said, on a full year basis, we want to be EBITDA positive in 2025, and that implies or in or the assumption there is that we again grow by 15%-20%, and as well see a better cost structure. Great. Thanks so much. You're welcome. Thank you. That concludes our question and answer session. I'll turn the floor back to Dr. Pesch, Dr. Ederer, for any final comments. Thank you. Current capacity utilization and order inflow is robust, and we believe that this forward momentum may well, may well make the Q4 of this year our best quarter to date. Thank you for joining today's call, and it was good speaking, many of you at the last Formnext show, seeing you. We look forward to speaking with you again in our next earnings call, which we expect to take place in March twenty twenty-four, with results for the Q4 and full year, twenty twenty-three. Thank you from my side, and see you soon. Thank you as well from my side. Have a good weekend. Bye-bye. Thank you. This concludes today's conference call. You may disconnect your lines at this time. Thank you for your participation.