3D Systems Reports First Quarter 2022 Financial Results

ROCK HILL, S.C., May 09, 2022 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the first quarter ended March 31, 2022.

First Quarter Financial and Operational Results

  • Q1 2022 revenue of $133.0 million declined 9.0% compared to Q1 2021 driven solely by divestitures of non-core assets; adjusted for divestitures(1), revenue increased 10% compared to Q1 2021, reflecting continued strength in both the Industrial and Healthcare Solutions segments
  • Adjusted EBITDA margin(1) of 1.4% reflects continued investments in growth areas of our business and product portfolio, combined with seasonally lower revenue
  • Diluted GAAP loss per share of $0.21, and diluted Non-GAAP loss per share(1) of $0.06
  • Cash and short-term investments on the balance sheet of $745.6 million position the company for continued investments in 2022
  • Subsequent to Q1 2022, closed the previously announced acquisitions of Titan and Kumovis
   Quarter Ended March 31,
(in millions, expect per share data)   2022    2021 
Revenue $133.0  $146.1 
Operating loss $(23.2) $(2.0)
Net (loss) income $(26.8) $45.2 
Net (loss) income per share - basic $(0.21) $0.37 
Net (loss) income per share - diluted $(0.21) $0.36 
     
Non-GAAP measures for year-over-year comparisons (1)  
Non-GAAP operating (loss) income $(3.9) $13.1 
Non-GAAP net (loss) income $(7.2) $20.9 
Non-GAAP (loss) income per share - basic $ (0.06 )   $ 0.17  
Non-GAAP (loss) income per share - diluted   $ (0.06 )   $ 0.17  
Adjusted EBITDA   $ 1.9     $ 19.8  

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