3D Systems Reports Third Quarter 2024 Financial Results

ROCK HILL, S.C., Nov. 26, 2024 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the third quarter ended September 30, 2024.

Third Quarter Highlights
(All numbers are unaudited and are presented in millions, except per share amounts or as otherwise noted)

  • Revenue of $112.9 million decreased 9% year-over-year primarily driven by macro weakness in printer sales, partially offset by approximately 10% growth in consumables sales
  • Healthcare Solutions revenue of $55.1 million grew 5% year-over-year, led by strong growth in Dental and Personalized Healthcare solutions
  • Customer interest in 3D printing applications continued to gain momentum, with revenues in the Application Innovation Group (AIG) growing over 26% year-to-date versus prior year across industrial markets
  • Q3'24 gross profit margin of 36.9% and Non-GAAP gross profit margin (1) of 37.6% included a $3 million headwind related to an increase in inventory reserves - if excluded, Non-GAAP gross profit margin was 40.2%
  • Q3'24 net loss of $178.6 million, diluted loss per share of $1.35, which includes $143.7 million associated with the impairment of goodwill and other long-lived assets. Non-GAAP diluted loss per share (1) of $0.12
  • Q3'24 negative Adjusted EBITDA (1) of $14.3 million
  • Updating guidance for remainder of FY'2024 to now include expected full-year revenues within the range of $440 million - $450 million

Unaudited  Three Months Ended September 30,  Three Months Ended September 30,
(in millions, except per share data)   2024    2023 
Revenue $112.9  $123.8 
Gross profit  41.7   55.4 
Gross profit margin  36.9%  44.7%
Operating expense  222.5   68.9 
Loss from operations  (180.8)  (13.6)
Net loss attributable to 3D Systems Corporation  (178.6)  (11.7)
Diluted loss per share  (1.35)  (0.09)
         
Non-GAAP measures for year-over-year comparisons: (1)        
Non-GAAP gross profit margin     37.6 %     44.8 %
Non-GAAP operating expense     61.4       55.8  
Adjusted EBITDA     (14.3 )     4.7  
Non-GAAP diluted (loss) income per share   $ (0.12 )   $ 0.01  

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11  Next Page »
Featured Video
Editorial
Jobs
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Equipment Engineer, Raxium for Google at Fremont, California
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Senior Principal Mechanical Engineer for General Dynamics Mission Systems at Canonsburg, Pennsylvania
Principal Engineer for Autodesk at San Francisco, California
Upcoming Events
Celebrate Manufacturing Excellence at Anaheim Convention Center Anaheim CA - Feb 4 - 6, 2025
3DEXPERIENCE World 2025 at George R. Brown Convention Center Houston TX - Feb 23 - 26, 2025
TIMTOS 2025 at Nangang Exhibition Center Hall 1 & 2 (TaiNEX 1 & 2) TWTC Hall Taipei Taiwan - Mar 3 - 8, 2025
Additive Manufacturing Forum 2025 at Estrel Convention Cente Berlin Germany - Mar 17 - 18, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise