3D Systems Q1 revenue $102.9M (-15% YoY); net loss $0.12 EPS; guides Q2 rev ~$113M

3D SYSTEMS CORP

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

Q1 revenue $102.9M, down 15.1% YoY, driven by lower printer sales partly offset by materials & services growth.
GAAP net loss $16.0M ($0.12 per share); Adjusted EBITDA loss $20.1M vs. $10.1M loss a year ago.
Gross profit margin improved to 39.8% (non-GAAP 40.1%) on favorable product mix; inventory reserves hurt by $2.8M.
Extra audit fees of ~$5.0M inflated Q1 operating expenses; expects $5M headwind to abate after Q3.
Q2 2024 revenue guidance $113-113.5M; Q2/1H results call scheduled for Aug 29, 2024 after market close.

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