ROCK HILL, S.C., Nov. 05, 2020 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the third quarter ended September 30, 2020.
Third Quarter Financial and Operational Results
- Q3 2020 GAAP revenue of $135.1 million, compared to $155.3 million in Q3 2019 and $112.1 million in Q2 2020
- Q3 2020 GAAP loss of $0.61 per share compared to a loss of $0.15 per share in Q3 2019; Included in the third quarter 2020 net loss was a $48.3 million ($0.41 per share) pre-tax non-cash goodwill impairment charge
- Q3 2020 Non-GAAP loss of $0.03 per share compared to a loss of $0.04 per share in Q3 2019 and a loss of $0.13 per share in Q2 2020
- Q3 2020 Non-GAAP operating income was break-even
- $25 million of equity was issued in Q3 2020 under the company's at-the-market equity program; none is expected to be issued in Q4 2020
| Quarter Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
| (in millions, expect per share data) | 2020 | 2019 | 2020 | 2019 | ||||||||||||
| Revenue | $ | 135.1 | $ | 155.3 | $ | 381.9 | $ | 464.5 | ||||||||
| Operating loss | $ | (67.6 | ) | $ | (11.9 | ) | $ | (119.7 | ) | $ | (52.4 | ) | ||||
| Net Loss | $ | (72.9 | ) | $ | (16.8 | ) | $ | (129.8 | ) | $ | (65.0 | ) | ||||
| Basic and Diluted Loss per Share | $ | (0.61 | ) | $ | (0.15 | ) | $ | (1.12 | ) | $ | (0.57 | ) | ||||
| Non-GAAP measures for year-over-year comparisons (1) | ||||||||||||||||
| Non-GAAP operating income (loss) | $ | — | $ | (0.3 | ) | $ | (15.8 | ) | $ | (4.4 | ) | |||||
| Non-GAAP loss | $ | (4.1 | ) | $ | (4.5 | ) | $ | (23.7 | ) | $ | (15.1 | ) | ||||
| Non-GAAP Basic and Diluted Loss per Share | $ | (0.03 | ) | $ | (0.04 | ) | $ | (0.20 | ) | $ | (0.13 | ) | ||||
