XJet, which makes and sells 3D printers for metal and ceramic end-use parts, filed on Friday with the SEC to raise up to $8 million in an initial public offering.
XJet develops and manufactures unique additive manufacturing, or 3D printing, solutions that print using the actual materials from which the parts are being made. Its patented technology is based on a Nano-Particles Jetting process that creates extremely thin layers of ceramics or metal material, which enables production at scale of geometrically complex and high-quality metal and ceramic end-use parts that are otherwise difficult or impossible to produce. The company's complete solution includes hardware, software, and consumable materials. Systems are sold as a sales transaction, while consumables and services are sold on a recurring basis.
The Rehovot, Israel-based company was founded in 2005 and booked $6 million in revenue for the 12 months ended December 31, 2022. It plans to list on the Nasdaq under the symbol XJET. XJet filed confidentially on December 30, 2022. Aegis Capital Corp. is the sole bookrunner on the deal. No pricing terms were disclosed.
