3D Systems Reports First Quarter 2023 Financial Results

ROCK HILL, S.C., May 08, 2023 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the first quarter ended March 31, 2023.

First Quarter Financial Results and Recent Business Highlights

(All numbers are unaudited and are presented in thousands, except per share amounts or as otherwise noted)

  • Q1 2023 revenue of $121,236 decreased 8.8% compared to Q1 2022 a decrease of 6.5% on a constant currency basis (1)
  • Revenue performance reflects continued weakness in the dental orthodontics market, partially offset by strong double-digit growth in medical and industrial markets on a constant currency basis
  • Net loss of $29,421, diluted loss per share of $0.23, and diluted non-GAAP loss per share (2) of $0.09
  • Negative Adjusted EBITDA (2) of $10,094 reflects impacts of lower total sales volume, inflationary impacts on our input costs, and continued investments in future growth
  • Confirming annual revenue guidance of $545-$575 million and raising Adjusted EBITDA (2) guidance to greater than $2 million

   Three Months Ended March 31,
(in thousands, except per share data)   2023    2022 
Revenue $121,236  $133,001 
Operating (loss) $(33,396) $(23,232)
Net (loss) income $(29,421) $(26,799)
Basic (loss) income per share $(0.23) $(0.21)
Diluted (loss) income per share $(0.23) $(0.21)
     
Non-GAAP measures for year-over-year comparisons:(2)    
Non-GAAP gross profit margin  39.0%  40.6%
Adjusted EBITDA $(10,094) $1,923 
Non-GAAP diluted (loss) income per share $(0.09 )   $ (0.06 )

<

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »
Featured Video
Jobs
Business Technology Analyst for Surface Water Management at Everett, Washington
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Principal Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Upcoming Events
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
URISA GIS Leadership Academy at Embassy Suites Fort Worth Downtown 600 Commerce Street Fort Worth, TX - Nov 18 - 22, 2024



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