ROCK HILL, S.C., Nov. 08, 2022 (GLOBE NEWSWIRE) --
3D Systems Corporation (NYSE:DDD) announced today its financial results for the third quarter ended September 30, 2022.
Third Quarter Highlights
- Revenue of $132.3 million decreased (15.3)% compared to Q3 2021; Q3 non-GAAP revenue excluding divestitures and on a constant currency basis(1) increased 2.7%, reflecting solid demand in both the Industrial and Healthcare segments, despite supply chain and macroeconomic challenges and lower sales to certain dental market customers
- Net loss of $(37.4) million, diluted loss per share of $(0.30), and diluted non-GAAP loss per share(1) of $(0.05)
- Adjusted EBITDA(1) of $(0.3) million reflects inflationary impacts on input costs and continued investments in growth areas of our business and product portfolio
- Cash & short-term investments of $609.4 million position the company for future growth investments.
- Fiscal year 2022 outlook updated to tighten revenue range and to improve the outlook for non-GAAP operating expenses
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Three Months Ended
September 30, 2022 |
Nine Months Ended
September 30, 2022 | |||||
| Revenue Growth Rates (%) as reported | (15.3) | % | (12.8) | % | ||
| Non-GAAP Revenue Growth Rates (%) excluding divestitures | (3.2) | % | 3.1 | % | ||
| Non-GAAP Revenue Growth Rates (%) excluding divestitures and FX effects | 2.7 | % | 7.6 | % | ||
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Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| (in millions, except per share data) |
2022
|
2021
|
2022
|
2021
| ||||||||||||
| Revenue | $ | 132.3 | $ | 156.1 | $ | 405.3 | $ | 464.8 | ||||||||
| Operating loss | $ | (33.7 | ) | $ | (17.2 | ) | $ | (89.0 | ) | $ | (29.2 | ) | ||||
| Net (loss) income attributable to 3D Systems Corporation | $ | (37.4 | ) | $ | 292.7 | $ | (97.2 | ) | $ | 328.3 | ||||||
| Net (loss) income per share - diluted | $ | (0.30 | ) | $ | 2.34 | $ | (0.77 | ) | $ | 2.63 | ||||||
