I'm not sure who is going to be buying million dollar machines when the economy sucks and the euro and ruble are in free fall.........still, the solid service revenues are indicative that the technology is being adopted.
Maybe I'm missing something here, but it seems like XONE is going to be more of a service business than manufacturer. 16% Growth in revenues would indicate than customers like the product and system. We are in a no growth economy in the US and Europe is stagnant and we are upset that service revenues are up 16%. If service revenues were flat or down then I could see the downward price action but it is apparent that someone is adopting the product.
Any company with significant revenues in Europe is being taken to the woodshed for earning shortfalls that are strictly dollar related. Quarter really seemed pretty good for all other areas. When a thinly traded stock only goes down a buck when there is heavy selling then the stock price is probably pretty firm at the current level.