-
Gain: $112.9 million, down 9% from the previous year.
-
Industrial income: $57.9 million, down 19% due to a decline in printer sales.
-
Healthcare income: $55.1 million, up 5% year over year.
-
Consumables growth: An increase of approximately 10% compared to the previous year.
-
Gross margin: 37.6%, affected by reserves for inventory obsolescence; normalized margin at 40.2%.
-
Operating costs: $61.4 million, an increase of $5.6 million from the previous year, but a sequential decrease of $2.7 million.
-
Adjusted EBITDA: Negative $14.3 million, compared to a profit of $4.7 million last year.
-
Net loss per share: $1.35, including non-cash charges of approximately $144 million.
-
Cash and cash equivalents: $190 million at the end of the quarter.
-
Inventory reduction objective: A 20% reduction by the end of the year.
-
Revenue guidelines for the entire year: $440 million to $450 million.
-
Gross margin guideline for the entire year: 38% to 40%.
-
OpEx target for Q4: Less than $60 million.
Release date: November 27, 2024
For the full earnings call transcript, please refer to the full earnings call transcript.
-
3D Systems Corp (NYSE:DDD) reported 10% year-over-year growth in consumables sales, indicating increased utilization of their installed base.
-
The company’s industrial applications group saw sales increase 26% this year, reflecting strong customer interest in new 3D printing applications.
-
Healthcare segment revenues increased 5% year-over-year, driven by a significant recovery in the dental and personalized healthcare businesses.
-
3D Systems Corp (NYSE:DDD) has introduced new products, including the PSLA270 printing platform and QuickCast Air, that are expected to drive future growth.
-
The company is on track to achieve a 20% inventory reduction by the end of the year, improving cash flow and working capital management.
-
Third quarter revenues were flat sequentially, declining 9% year over year, mainly due to macroeconomic pressures impacting hardware system sales.
-
Non-GAAP gross margin decreased to 37.6%, driven by higher inventory obsolescence reserves and lower factory utilization.
-
The company reported an adjusted EBITDA loss of $14.3 million for the third quarter, compared with a profit in the same quarter last year.
-
3D Systems Corp (NYSE:DDD) has adjusted its full-year revenue guidance to $450 million from $440 million, reflecting a more modest recovery than previously expected.
-
The company faces inventory management and factory absorption challenges, which could continue to negatively impact gross margins.
