ROCK HILL, S.C., Aug. 05, 2020 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the second quarter ended June 30, 2020.
Second Quarter Financial and Operational Results
- Reorganizing to focus on two market verticals — Healthcare and Industrial
- Restructuring to reduce operating costs by $100 million per year
- Q2 2020 GAAP revenue of $112.1 million, compared to $157.3 million in Q2 2019
- Q2 2020 GAAP loss of $0.33 per share compared to a loss of $0.21 per share in Q2 2019
- Q2 2020 Non-GAAP loss of $0.13 per share compared to $0.00 per share in Q2 2019
| Quarter Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| (in millions, expect per share data) | 2020 | 2019 | 2020 | 2019 | ||||||||||||
| Revenue | $ | 112.1 | $ | 157.3 | $ | 246.8 | $ | 309.3 | ||||||||
| Operating loss | $ | (33.9 | ) | $ | (19.2 | ) | $ | (52.1 | ) | $ | (40.5 | ) | ||||
| Net Loss | $ | (38.0 | ) | $ | (23.9 | ) | $ | (56.9 | ) | $ | (48.3 | ) | ||||
| Basic and Diluted Loss per Share | $ | (0.33 | ) | $ | (0.21 | ) | $ | (0.49 | ) | $ | (0.43 | ) | ||||
| Non-GAAP measures for year-over-year comparisons (1) | ||||||||||||||||
| Non-GAAP operating income (loss) | $ | (10.8 | ) | $ | 2.4 | $ | (15.9 | ) | $ | (4.2 | ) | |||||
| Non-GAAP loss | $ | (15.1 | ) | $ | (0.6 | ) | $ | (19.6 | ) | $ | (10.7 | ) | ||||
| Non-GAAP Basic and Diluted Loss per Share | $ | (0.13 | ) | $ | — | $ | (0.17 | ) | $ | (0.09 | ) | |||||
