3D Systems(US:DDD)2025-03-27 13:12Financial Performance - The company's Q4 2024 consolidated revenue was $111 million, a decrease of approximately 3% year-over-year (YoY) compared to $115 million in Q4 2023[30, 31] - Full year 2024 consolidated revenue was $440 million, a decrease of approximately 10% YoY compared to $488 million in FY 2023[32, 33] - Healthcare Solutions (HSG) revenue in Q4 2024 was $40 million, a decrease of approximately 21% YoY compared to $51 million in Q4 2023[30, 31] - Healthcare Solutions (HSG) full year 2024 revenue was $190 million, a decrease of approximately 11% YoY compared to $213 million in FY 2023[32, 33] - Industrial Solutions (ISG) revenue in Q4 2024 was $71 million, an increase of approximately 11% YoY compared to $64 million in Q4 2023[30, 31] - Industrial Solutions (ISG) full year 2024 revenue was $250 million, a decrease of approximately 9% YoY compared to $275 million in FY 2023[32, 33] - The company's Non-GAAP Adjusted EBITDA for FY 2024 was a loss of $66.4 million, compared to a loss of $26.3 million in FY 2023[40, 62] - The company's Non-GAAP diluted loss per share for FY 2024 was $0.62, compared to a loss of $0.28 in FY 2023[40, 65] Strategic Initiatives and Outlook - The company expects to achieve over $50 million of annualized savings from Gross Margin (GM) and Operating Expense (OpEx) improvements over the next 6 quarters[9, 24] - The company anticipates revenues for FY 2025, normalized for divestiture, to range from essentially flat to modest growth[26, 47] - The company is targeting to exit 2025 with positive Adjusted EBITDA[26] - The company expects Non-GAAP operating expenses to be between $200 million and $220 million for FY 2025[47]