earnings
confidence high
sentiment negative
materiality 0.75
3D Systems reports preliminary Q3 revenue ~$112.9M, down 8.8% YoY; delays 10-Q filing
3D SYSTEMS CORP
2024-Q3 EPS reported
-$1.69
revenue$329,097,000
- Preliminary Q3 2024 revenue of ~$112.9M vs $123.8M YoY, driven by macro pressures on hardware systems.
- Materials revenue grew 10% YoY and 9% sequentially; Personalized Healthcare business grew nearly 20% YoY.
- Delay in filing Q3 10-Q due to interim valuation of goodwill and long-lived assets triggered by stock volatility.
- Full Q3 financial results and conference call expected the week of November 25, 2024.
- Customer delays in closing certain key transactions shifted revenue to early Q4 2024.