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  

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