earnings
confidence high
sentiment negative
materiality 0.75
3D Systems Q2 revenue $113.3M, down 11.7% YoY; net loss $27.3M; guides FY2024 rev $450-460M
3D SYSTEMS CORP
2024-Q2 EPS reported
-$0.33
revenue$216,157,000
- Q2 revenue $113.3M, down 11.7% YoY, up 10.1% sequentially; Healthcare revenue down 19.7% to $48.9M.
- GAAP net loss $27.3M ($0.21 diluted EPS); Non-GAAP diluted loss $0.14; Adjusted EBITDA loss $12.9M.
- FY2024 revenue guidance lowered to $450-460M with sequential improvement expected in Q3 and Q4.
- Non-GAAP gross margin target 40-42% for FY2024; Q4 Non-GAAP op expense expected below $60M.
- Cash $192.7M at June 30, 2024, down $138.8M since Dec 31, 2023; total debt $214.4M.