3D Systems finalizes 2023 results: revenue unchanged, net loss improves slightly; audit fees cause $7.5M cost overrun

3D SYSTEMS CORP

2024-Q2 EPS reported -$0.33 revenue$216,157,000

Final 2023 revenue $488.1M, unchanged from preliminary; net loss improved to $362.7M from $370.4M.
Diluted EPS loss $2.79 vs preliminary $2.85; non-GAAP adjusted EBITDA worsened to -$26.3M from -$24.5M.
G&A expenses expected $7.5M higher than prior 2024 guidance due to external audit fees, totaling ~$9M; 65% incurred in Q1, 25% in Q2.
Audit transition to new firm underway; expects substantial improvement in operating expenses beginning Q4.
Plans to release Q1 2024 results on or about Aug 19, Q2 2024 results week of Aug 26, followed by investor call.

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