3D Systems (DDD) reported a non-GAAP loss of 12 cents per share in third-quarter 2024, wider than the Zacks Consensus Estimate of a loss of 9 cents. The bottom-line results also compared unfavorably with the year-ago quarter’s earnings of a penny.The disappointing quarterly performance has turned investors cautious about the company’s prospects. Shares of 3D Systems traded 14.4% lower in the pre-market session today. The stock has plunged 46.3% against the Zacks Computer and Technology sector’s rise of 27.6 ...

Financial Data and Key Metrics Changes - Third quarter revenues were $112.9 million, a decline of 9% year-over-year, primarily due to macroeconomic pressures affecting hardware system sales, partially offset by growth in material sales [36] - Non-GAAP gross margin for the third quarter was 37.6%, impacted by an increase in inventory obsolescence reserves, with a normalized margin of 40.2% [39][40] - Adjusted EBITDA was negative $14.3 million for the third quarter, compared to a gain of $4.7 million in the same quarter last year [43] - Fully diluted loss per share was $1.35, including non-cash charges of approximately $144 million related to goodwill impairment [45] Business Line Data and Key Metrics Changes - Industrial revenues were $57.9 million, down about 19%, primarily due to a decline in printer sales [37] - Healthcare segment revenues were $55.1 million, growing 5% year-over-year, driven by a rebound in dental and personalized healthcare [38][19] Market Data and Key Metrics Changes - Consumable materials sales grew approximately 10% from the prior year, indicating improved utilization rates of the installed base [8] - Revenues from the industrial application group were up 26% year-to-date, reflecting strong customer interest in 3D printing applications [9] Company Strategy and Development Direction - The company is focusing on high reliability markets such as energy, oil & gas, and aerospace, which have stringent quality and performance standards [10] - Investments in AI-driven markets are expected to provide growth opportunities, particularly in semiconductor equipment manufacturing and data centers [11][12] - The company aims to reduce operating expenses to below $6 million for the fourth quarter, with a focus on improving operational efficiency [22][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging sales environment in 2024 but expressed optimism about future growth as macroeconomic conditions improve [53] - The company is adjusting its full-year revenue guidance to a range of $440 million to $450 million, anticipating a modest recovery in the second half of the year [50] - Management highlighted the importance of maintaining R&D investments despite the current economic challenges, positioning the company for future growth [54] Other Important Information - The company has made significant progress in its technology roadmap, launching nearly 40 new materials and platforms over the past year [26] - The PSLA 270 platform was introduced, combining high precision with faster print speeds, expected to lead the industry in photopolymer applications [18] Q&A Session Summary Question: What is driving the wide range of revenue guidance for Q4? - Management indicated that inventory management by customers and uncertainty in CapEx spending are key factors affecting revenue guidance for Q4 [58][60] Question: What are the expectations for gross margins? - Management noted that gross margins are influenced by factory absorption and product mix, with expectations for modest margins in Q4 due to these factors [62] Question: What is the outlook for profitability in 2025? - Management expressed optimism about potential revenue growth in 2025, contingent on customer capital spending and operational efficiencies [70][71] Question: Can you provide an update on the Application Innovation Group's performance? - Management reported a 26% increase in revenue from the Application Innovation Group, indicating strong customer demand for new applications [72][73] Question: What are the plans for convertible debt due in 2026? - Management stated that they are actively working on strategies to address the convertible debt, aiming to reduce it before maturity [109]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.001 per share DDD New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SEC ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each classTrading Symbol(s)Name of each exchange on which registered Common stock, par value $0.001 per share DDD New York Stock Exchange FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 13, 2024 3D SYSTEMS CORPORATION (Exact name of registrant as specified in its charter) Delaware 001-34220 95-4431352 (State or Other Jurisd ...

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 salesHealthcare Solutions revenue of $55.1 ...

ROCK HILL, S.C., Nov. 21, 2024 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) (“the Company”) today announced the Company will release its financial results for third quarter 2024 after the U.S. stock markets close on Tuesday, November 26, 2024. The Company will hold a conference call and simultaneous webcast to discuss these financial results on Wednesday, November 27, 2024 at 8:30 a.m. Eastern Time. Third Quarter 2024 Financial Results Conference CallDate: Wednesday, November 27, 2024Time: 8:30 a.m. Eastern Ti ...

Industry Overview - The 3D printing sector is currently in a distress phase due to slowing manufacturing growth and heightened competition among industry players [1] - 3D Systems (NYSE: DDD) is facing challenges from extended client CAPEX cycles, leading to slower growth [1] Investment Focus - The analysis focuses on growth companies in the mid-cap segment, particularly in biotechnologies, computer chips, cloud technology, energy, and commodities [1] - Emphasis is placed on companies that can leverage their intellectual property and play a significant role in today's geopolitics [1] Analytical Approach - A top-down approach is used to complement bottom-up analysis, with special attention given to risks surrounding business cases [1] - Systematic balance sheet analysis is performed to assess funding capabilities, and stress tests are employed to evaluate the safety of investment models [1] - Long-term capital appreciation is prioritized over short-term speculation [1]

3D Systems' preliminary Q3 report arrived with news that's worrying investors.3D Systems (DDD -22.59%) stock is plunging today following the publication of the company's preliminary third-quarter results and update. The 3D-printing and engineering specialist's share price was down 22.5% as of 11:45 a.m. ET.After the market closed yesterday, 3D Systems released preliminary Q3 sales results. In addition to the revenue preview, the company also announced that it would be delaying the filing of its quarterly 10 ...

Motorsports team adding 3D Systems’ SLA 750 Dual and PSLA 270 technology to workflow to accelerate wind tunnel testing, building on decades-long partnershipBroad material portfolio combined with industry’s most advanced 3D printing technologies enables improved part quality, reduces time to part in hand3D Systems’ solutions driving growth of additive manufacturing use in motorsports — total market for automotive anticipated to reach nearly $8 billion by 2027 ROCK HILL, S.C., Nov. 14, 2024 (GLOBE NEWSWIRE) - ...

Preliminary third quarter 2024 revenue to be approximately $113 million*Q3 materials grew 10% year-over-year and 9% sequentially, offset by declines in printer revenues driven by continued macro-related pressures on capital spending*Record year of product innovation and regulatory approvals supporting future growth in key markets such as Dental, Personalized Healthcare, Aerospace & Defense. This positions the company for exciting future revenue growth as the economy normalizesManagement expects to release a ...