3D Systems' Posts Narrower Loss in Q3 Earnings, Revenues Down Y/Y

Core Insights - 3D Systems (DDD) reported a non-GAAP loss of 8 cents per share for Q3 2025, which was better than the Zacks Consensus Estimate by 11.11% and an improvement from a loss of 9 cents per share in the same quarter last year [1][9] - The company's revenues for the quarter were $91.2 million, down 19.2% year over year, and missed the Zacks Consensus Estimate by 1.41% [1][9] Financial Performance - Product revenues decreased by 28.3% year over year to $52.3 million, making up 57.3% of total revenues, while services revenues accounted for 42.7% of total revenues and fell by 2.6% year over year to $38.9 million [3] - Non-GAAP gross profit fell 30.4% year over year to $29.6 million, with a gross profit margin decline of 520 basis points to 32.4% due to lower sales volumes and the divestiture of the Geomagic business [6] - Adjusted EBITDA loss was $10.8 million, which was an improvement of $3.5 million due to a 27.2% reduction in operating expenses to $44.7 million [6] Segment Performance - Healthcare Solutions revenues decreased by 22.3% year over year to $42.8 million, while MedTech revenues increased by over 8% year over year [5] - Industrial Solutions revenues declined by 16.3% year over year to $48.5 million, although Aerospace and Defense revenues grew by 50% year over year [5] Balance Sheet - As of September 30, 2025, cash and cash equivalents were $95.5 million, down from $116.4 million as of June 30 [7] - Total debt remained unchanged at $122.6 million, with $34.7 million maturing in Q4 2026 and the remaining $92 million maturing in 2030 [7] Future Outlook - The company anticipates revenue growth of 8-10% for Q4 2025, driven by increased printer sales and healthcare demand [9][10] - Strong sales of new printer systems and rising materials consumption are expected to contribute to this growth, along with anticipated increases in customer capital expenditures [10]