3D Systems Reports Third Quarter 2022 Financial Results

ROCK HILL, S.C., Nov. 08, 2022 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the third quarter ended September 30, 2022.

Third Quarter Highlights

  • Revenue of $132.3 million decreased (15.3)% compared to Q3 2021; Q3 non-GAAP revenue excluding divestitures and on a constant currency basis(1) increased 2.7%, reflecting solid demand in both the Industrial and Healthcare segments, despite supply chain and macroeconomic challenges and lower sales to certain dental market customers
  • Net loss of $(37.4) million, diluted loss per share of $(0.30), and diluted non-GAAP loss per share(1) of $(0.05)
  • Adjusted EBITDA(1) of $(0.3) million reflects inflationary impacts on input costs and continued investments in growth areas of our business and product portfolio
  • Cash & short-term investments of $609.4 million position the company for future growth investments.
  • Fiscal year 2022 outlook updated to tighten revenue range and to improve the outlook for non-GAAP operating expenses
   Three Months Ended
September 30, 2022
  Nine Months Ended
September 30, 2022
Revenue Growth Rates (%) as reported (15.3)% (12.8)%
Non-GAAP Revenue Growth Rates (%) excluding divestitures (3.2)% 3.1%
Non-GAAP Revenue Growth Rates (%) excluding divestitures and FX effects 2.7% 7.6%


   Three Months Ended
September 30,
  Nine Months Ended
September 30,
(in millions, except per share data)  2022
  2021
  2022
  2021
Revenue $132.3  $156.1  $405.3  $464.8 
Operating loss $(33.7) $(17.2) $(89.0) $(29.2)
Net (loss) income attributable to 3D Systems Corporation   $ (37.4 )   $ 292.7     $ (97.2 )   $ 328.3  
Net (loss) income per share - diluted   $ (0.30 )   $ 2.34     $ (0.77 )   $ 2.63  

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14  Next Page »
Featured Video
Jobs
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Business Technology Analyst for Surface Water Management at Everett, Washington
Mechanical Engineer 3 for Lam Research at Fremont, California
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
Greenbuild 2024 at Pennsylvania Convention Center Philadelphia PA - Nov 12 - 15, 2024
Digital Construction North (DCN) 2024 at Manchester Central. Manchester United Kingdom - Nov 13, 2024
Digital Twins 2024 at the Gaylord National Resort & Convention Center in, MD. National Harbor MD - Dec 9 - 11, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise