Q3 2025 Financial Results - Q3 2025 revenue reached $137 million[32, 34, 58], a decrease of 2.1% compared to Q3 2024[58] - GAAP gross profit was $56.1 million[58], with a margin of 41.0%[38, 58], while non-GAAP gross profit was $62.1 million[58], with a margin of 45.3%[38, 58] - GAAP operating loss was $22.7 million[44, 58], representing a -16.6% margin[58], while non-GAAP operating income was $0.1 million[44, 58], representing a 0.1% margin[44, 58] - GAAP net loss was $55.6 million[44, 58], or -$0.65 diluted EPS[44, 58], which includes a non-cash impairment charge of $33.9 million related to Ultimaker investment[44], while non-GAAP net income was $1.5 million[44, 58], or $0.02 diluted EPS[44, 58] - Adjusted EBITDA was $5.0 million[44, 61], representing 3.6% of total revenue[44] - Cash and cash equivalents and short-term deposits totaled $255 million[47, 49] Operational Highlights - Disciplined cost management led to a 440bp reduction in adjusted OpEx[30], contributing to solid OCF and EPS[12, 30] - The company is focused on operational excellence, partnerships, and strategy execution to advance additive innovation[12] - Noteworthy purchases from Honeywell, TE Connectivity and L3Harris in the defense sector[16] - A leading social media, AI, VR/AR company purchased four F3300 FDM systems for large-scale prototyping and production parts[19, 23] 2025 Full-Year Outlook - The company projects full-year revenue between $550 million and $560 million[52] - Non-GAAP gross margins are expected to be between 46.7% and 47.0%[52] - Non-GAAP operating expenses are projected to be between $248 million and $251 million[52]