While we continue to monitor the situation regularly, we believe that eventually the 3D printing industry
will recover and may even come out of this crisis stronger, as the crisis appears to be underscoring certain advantages of the 3D printing technology, in particular its flexibility in terms of part design, speed, production of smaller strategic
batches and localization. Therefore, while we try to adjust our costs and capital spending in proportion to the short term reduction of our revenues, we currently take the view that these cost and spending reductions should, where possible, be as
moderate and temporary as possible, since we believe that continued innovation during the current crisis may give us a competitive advantage going forward. This strategy involves significant risks, including risks in terms of its impact on our cash
position, and as the crisis lasts longer, we may not be able to sustain this strategy and it might have negative implications for our long term competitive position.
Notwithstanding our current assessment of the potential impact of the COVID-19 pandemic on our business,
financial condition and results of operations, we cannot predict with certainty the impacts, trends and uncertainties involving the pandemics effects on economic activity, the 3D printing software and services markets, our sales, the
availability and price of our products, and the extent to which our business may be materially and adversely affected. For more information regarding the risks of the COVID-19 pandemic, see
Item 3. Key InformationD. Risk FactorsRisks Relating to our Business in our 2020 Form 20-F. In addition, see G. Safe Harbor of this Report on Form 6-K.
E.
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Off-Balance Sheet Arrangements
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We do not have any off-balance sheet arrangements that have, or are reasonably likely to have, a current or
future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.
F.
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Tabular Disclosure of Contractual Obligations
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Our contractual obligations and commitments as of December 31, 2020 are summarized in the 2020
Form 20-F. For more information, please see Item 5. Operating and Financial Review and ProspectsF. Tabular Disclosure of Contractual Obligations of the 2020 Form 20-F.
There were no material changes in the nature of our contractual obligations and commitments between
December 31, 2020 and March 31, 2021.
In addition, in relation to our property, plant and equipment, we had no committed expenditures as of
March 31, 2021.
This Report on Form 6-K includes certain forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, concerning our business, operations and financial performance and condition as well as our
plans, objectives and expectations for our business operations and financial performance and condition. Any statements that are not of historical facts may be deemed to be forward-looking statements. You can identify these forward-looking statements
by words such as believes, estimates, anticipates, expects, plans, intends, may, could, might, will, should,
aims, or other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements appear in a number of places throughout this Report on Form 6-K and include
statements regarding our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations concerning, among other things, our intellectual property position, research and development projects, acquisitions, results of
operations, cash needs, spending of the remaining net proceeds from our initial public offering, capital expenditures, financial condition, liquidity, prospects, growth and strategies, regulatory approvals and clearances, the markets and industry in
which we operate and the trends and competition that may affect the markets, industry or us. In particular, under D. Trend Information of this Report on Form 6-K, we discuss, based on our current
assessment of COVID-19 pandemic, how our business, results of operations, and financial condition could be impacted during the remainder of the year 2021 and beyond.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events, competitive dynamics and industry change, and
depend on economic circumstances that may or may not occur in the future or may occur on longer or shorter timelines than anticipated. Although we believe that we have a reasonable basis for each forward-looking statement contained in this Report on
Form 6-K, we caution you that forward-looking statements
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