3D Systems Q2 revenue $128.2M (-8.5% YoY), net loss $28.9M; cuts FY2023 guidance to $525-545M

3D SYSTEMS CORP

2023-Q2 EPS reported -$0.45 revenue$249,430,000

Q2 revenue $128.2M (down 8.5% YoY); net loss $28.9M ($0.22 GAAP EPS loss); non-GAAP EPS loss $0.07.
Dental orthodontics revenue declined ~$50M over 4 quarters; full-year dental expected down ~35%.
FY2023 revenue guidance cut to $525-545M (from $545-575M); positive Adj. EBITDA now expected in Q4 2023.
CEO frustrated by lack of engagement from Stratasys on proposed merger; deal signed in escrow on July 13.
Healthcare Solutions revenue down 15.2% YoY; Industrial down 1.4%; non-dental organic growth ~2% YTD.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

3D SYSTEMS CORP reported second quarter ended June 30, 2023 results: revenue $128,194, net income $28,895, EPS $0.22. Guidance lowered.

Period: second quarter ended June 30, 2023
Revenue: $128,194
Net income: $28,895
EPS: $0.22
Guidance: lowered
Result: reported results

Exact text from the filing

Financial Results and Recent Business Highlights (All numbers are unaudited and are presented in thousands, except per share amounts or as otherwise noted) Q2 2023 revenue of $128,194 and year-to-date revenue of $249,430 decreased from the prior year by 8.5% and 8.6% respectively, predominantly driven by expected weakness in the dental orthodontics markets

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Source: SEC EDGAR

accession 0001171843-23-005127

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