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3D Systems Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-11 20:15
Core Viewpoint - 3D Systems Corporation reported a decline in revenue for Q2 2025, but improved profitability due to cost-saving initiatives and operational efficiencies despite challenging macroeconomic conditions [4][5][6]. Financial Performance - Revenue for Q2 2025 was $94.8 million, a decrease of 16% year-over-year from $113.3 million in Q2 2024 [2][7]. - Gross profit for the quarter was $36.2 million, with a gross profit margin of 38.1%, down from 41.6% in the same period last year [2][8]. - Operating expenses were $51.5 million, leading to an operating loss of $15.4 million, an improvement from a loss of $26.4 million in Q2 2024 [2][8]. - Net income attributable to 3D Systems was $104.4 million, a significant increase from a net loss of $27.3 million in the prior year [2][8]. Segment Performance - Healthcare Solutions revenue decreased by 8% to $45.0 million, while Industrial Solutions revenue fell by 23% to $49.8 million compared to the prior year [7][23]. - The Medical Technology sector showed resilience, with a 13% year-over-year growth in Personal Health Services, driven by increased orthopedic procedures using 3D printing technology [6][5]. - Aerospace & Defense revenues grew by 84% year-over-year, reaching over $30 million annually, highlighting strong demand in high-reliability industrial markets [6][5]. Cost Management and Efficiency - Cost reduction and efficiency programs resulted in over $20 million in savings in operating expenses during Q2 2025 [5][4]. - The company is on track to return to positive cash flow by 2026, supported by previously announced cost initiatives [5][4]. - The restructuring program includes workforce restructuring and consolidation of operational footprint, which are expected to continue through mid-2026 [4][5]. Balance Sheet and Liquidity - As of June 30, 2025, cash and cash equivalents totaled $116.4 million, a decrease of $55.0 million since December 31, 2024 [10]. - The company successfully retired $88 million in outstanding debt and extended maturities for the majority of remaining debt to 2030 [6][5]. - Total debt, net of deferred financing costs, stood at $122.6 million [10].
3D Systems Corporation Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before August 12, 2025 to Discuss Your Rights - DDD
Prnewswire· 2025-08-11 12:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of 3D Systems Corporation regarding a class action lawsuit due to alleged misleading statements and omissions by the company during the specified class period [1][2]. Group 1: Allegations - The complaint alleges that 3D Systems Corporation understated the impact of weakened customer spending on its business while overstating its resilience in challenging industry conditions [1]. - It is also claimed that updated milestone criteria in the partnership with United Therapeutics Corporation would negatively impact the company's regenerative medicine program revenue [1]. - As a result, the company's public statements were materially false and misleading throughout the relevant period [1]. Group 2: Class Action Details - The class period for the lawsuit is from August 13, 2024, to May 12, 2025 [1]. - Shareholders are encouraged to register for the class action by the deadline of August 12, 2025, to potentially be appointed as lead plaintiff [2]. - There is no cost or obligation for shareholders to participate in the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3]. - The firm seeks recovery for investors who incurred losses due to false or misleading statements that led to artificial inflation of the company's stock [3].
DDD FINAL DEADLINE: ROSEN, A LEADING NATIONAL FIRM, Encourages 3D Systems Corporation Investors with Losses in Excess of $100K to Secure Counsel Before Important August 12 Deadline in Securities Class Action - DDD
GlobeNewswire News Room· 2025-08-10 12:05
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of 3D Systems Corporation during the specified Class Period of the upcoming lead plaintiff deadline on August 12, 2025, and the potential for compensation without out-of-pocket costs through a contingency fee arrangement [1][2]. Group 1: Class Action Details - Investors who bought 3D Systems securities between August 13, 2024, and May 12, 2025, may be eligible to join a class action lawsuit [1][2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by August 12, 2025 [2][6]. - The lawsuit alleges that 3D Systems made false and misleading statements regarding its business performance and the impact of customer spending, which led to investor damages when the truth was revealed [4]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise and reputation in the field [3].
DDD Investors with Losses in Excess of $100K Have Opportunity to Lead 3D Systems Corporation Securities Fraud Lawsuit
Prnewswire· 2025-08-09 14:23
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of 3D Systems Corporation during the Class Period from August 13, 2024, to May 12, 2025, about the lead plaintiff deadline on August 12, 2025, for a class action lawsuit [1][4]. Group 1: Class Action Details - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [2][5]. - The lawsuit alleges that 3D Systems made false and misleading statements regarding its business performance and the impact of customer spending [4]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [3].
Levi & Korsinsky Notifies 3D Systems Corporation Investors of a Class Action Lawsuit and Upcoming Deadline – DDD
GlobeNewswire News Room· 2025-08-08 19:57
Core Viewpoint - A class action securities lawsuit has been filed against 3D Systems Corporation, alleging securities fraud that affected investors between August 13, 2024, and May 12, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that 3D Systems Corporation understated the impact of weakened customer spending on its business while overstating its resilience in challenging industry conditions [2]. - It is alleged that updated milestone criteria in the partnership with United Therapeutics Corporation would negatively impact the revenue from the Company's regenerative medicine program [2]. - As a result, the Company's public statements were materially false and misleading during the relevant time period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until August 12, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4].
3D SYSTEMS DEADLINE: ROSEN, NATIONAL TRIAL COUNSEL, Encourages 3D Systems Corporation Investors to Secure Counsel Before Important August 12 Deadline in Securities Class Action - DDD
GlobeNewswire News Room· 2025-08-07 23:21
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of 3D Systems Corporation during the specified Class Period of the upcoming lead plaintiff deadline on August 12, 2025, and the potential for compensation without out-of-pocket costs through a contingency fee arrangement [1]. Group 1: Class Action Details - Investors who purchased 3D Systems securities between August 13, 2024, and May 12, 2025, may be eligible to join a class action lawsuit [1][2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by August 12, 2025 [2]. Group 2: Law Firm Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company at the time [3]. - The firm has consistently ranked highly in securities class action settlements, recovering hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, 3D Systems made false and misleading statements regarding its business resilience and the impact of weakened customer spending, as well as the negative effects of updated milestone criteria in its partnership with United Therapeutics Corporation on its Regenerative Medicine Program revenue [4]. - As a result of these misleading statements, investors are claimed to have suffered damages when the true information became public [4].
Class Action Filed Against 3D Systems Corporation (DDD) Seeking Recovery for Investors – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-08-07 20:33
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of 3D Systems Corporation regarding a class action lawsuit due to alleged misleading statements and omissions during a specified class period [1][3]. Group 1: Allegations - The complaint alleges that 3D Systems understated the impact of weakened customer spending on its business while overstating its resilience in challenging industry conditions [3]. - It is also claimed that updated milestone criteria in the partnership with United Therapeutics Corporation would negatively impact the revenue from the Company's regenerative medicine program [3]. - As a result, the Company's public statements were materially false and misleading throughout the relevant times [3]. Group 2: Class Action Details - The class period for the lawsuit is from August 13, 2024, to May 12, 2025 [3]. - Shareholders are encouraged to register for the class action by the deadline of August 12, 2025, to potentially be appointed as lead plaintiff [4]. - There is no cost or obligation for shareholders to participate in the case, and they will receive status updates through a portfolio monitoring software [4]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [5].
3D Systems Corporation Investors: Please contact the Portnoy Law Firm to recover your losses; August 12, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-08-05 22:05
Core Viewpoint - A class action lawsuit has been filed against 3D Systems Corporation, alleging that the company made misleading statements regarding its financial health and the impact of customer spending on its business [3][4]. Financial Performance - For Q4 2024, 3D Systems reported a non-GAAP loss of $0.19 per share, missing consensus estimates by $0.08 [6]. - Q4 revenue was $111 million, representing a 3.4% year-over-year decline and falling short of expectations by $4.17 million [6]. - Full-year revenue for 2024 was $440.1 million, a 10% decline year-over-year attributed to lower hardware sales and macroeconomic challenges [6]. - The company experienced a $9 million revenue reduction in Q4 related to revised accounting estimates for its Regenerative Medicine Program [6]. Recent Developments - On March 26, 2025, 3D Systems disclosed its Q4 and full-year 2024 financial results, leading to a nearly 21% decline in its stock price [4]. - On May 12, 2025, the company announced its Q1 2025 results, revealing a revenue of $94.5 million, an 8% year-over-year decline, and a net loss of $37 million, more than double the loss from Q1 2024 [6]. - The company withdrew its full-year 2025 guidance, citing ongoing softness in customer capital spending and broader macroeconomic uncertainty [4][6]. Legal Context - The class action lawsuit represents investors who purchased securities between August 13, 2024, and May 12, 2025, with a deadline of August 12, 2025, to file a lead plaintiff motion [1]. - Allegations include that 3D Systems understated the impact of weakened customer spending and overstated its ability to navigate challenging market conditions [3].
Investors in 3D Systems Corporation Should Contact The Gross Law Firm Before August 12, 2025 to Discuss Your Rights – DDD
GlobeNewswire News Room· 2025-08-04 20:28
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of 3D Systems Corporation regarding a class action lawsuit due to alleged misleading statements and omissions made by the company during a specified class period [1][3]. Group 1: Allegations - The complaint alleges that 3D Systems understated the impact of weakened customer spending on its business while overstating its resilience in challenging industry conditions [3]. - It is also claimed that updated milestone criteria in the partnership with United Therapeutics Corporation would negatively impact the revenue from the company's regenerative medicine program [3]. - As a result, the company's public statements were deemed materially false and misleading throughout the relevant times [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as August 13, 2024, to May 12, 2025 [3]. - Shareholders are encouraged to register for the class action by the deadline of August 12, 2025, to potentially become lead plaintiffs [4]. - Participation in the case does not incur any cost or obligation for shareholders [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [5].
3D Systems Announces Date of Second Quarter 2025 Financial Results
Globenewswire· 2025-08-04 11:00
Core Viewpoint - 3D Systems is set to release its financial results for the second quarter of 2025 on August 11, 2025, after U.S. stock markets close, followed by a conference call on August 12, 2025, at 8:30 a.m. Eastern Time [1][2]. Group 1 - The financial results will be discussed in a conference call and webcast, which can be accessed via the company's investor relations website [2]. - The company has a long history of nearly 40 years in the 3D printing and additive manufacturing industry, founded by Chuck Hull [3]. - 3D Systems provides industry-leading 3D printing technologies, materials, and software across various high-value markets, including medical, aerospace, and AI infrastructure [3].