3D Systems Reports First Quarter 2025 Financial Results
- I ricavi delle Soluzioni Sanitarie sono scesi del 9% a 41,3 milioni di dollari
- I ricavi delle Soluzioni Industriali sono diminuiti del 7% a 53,2 milioni di dollari
- Il margine lordo è calato al 34,6% dal 39,8%
- L'azienda ha ritirato le previsioni per l'intero anno 2025 a causa della debole spesa in capitale da parte dei clienti
- Los ingresos de Soluciones de Salud cayeron un 9% a 41,3 millones de dólares
- Los ingresos de Soluciones Industriales disminuyeron un 7% a 53,2 millones de dólares
- El margen bruto bajó al 34,6% desde el 39,8%
- La empresa retiró la guía para todo el año 2025 debido a un gasto de capital débil por parte de los clientes
- 헬스케어 솔루션 매출이 9% 감소한 4130만 달러
- 산업 솔루션 매출이 7% 감소한 5320만 달러
- 총이익률이 39.8%에서 34.6%로 하락
- 고객의 자본 지출 부진으로 2025년 연간 가이던스를 철회
- Le chiffre d'affaires des Solutions Santé a diminué de 9 % pour atteindre 41,3 millions de dollars
- Le chiffre d'affaires des Solutions Industrielles a baissé de 7 % à 53,2 millions de dollars
- La marge brute est passée de 39,8 % à 34,6 %
- La société a retiré ses prévisions annuelles 2025 en raison d'une faible dépense en capital des clients
- Der Umsatz im Bereich Healthcare Solutions sank um 9 % auf 41,3 Millionen US-Dollar
- Der Umsatz im Bereich Industrial Solutions ging um 7 % auf 53,2 Millionen US-Dollar zurück
- Die Bruttogewinnmarge fiel von 39,8 % auf 34,6 %
- Das Unternehmen zog die Prognose für das Gesamtjahr 2025 aufgrund schwacher Investitionen der Kunden zurück
- Sale of Geomagic portfolio added over $100 million post-tax to cash reserves
- 17% growth in Personalized Healthcare business
- 18% growth in FDA-approved parts manufacturing operations
- Growth in new printer sales for second straight quarter
- Strategic wins across all three metal printing platforms
- Implementation of $70 million total cost savings initiatives
- Revenue declined 8% year-over-year to $94.5 million
- Net loss increased to $37 million from $16 million year-over-year
- Gross profit margin decreased to 34.6% from 39.8%
- Healthcare Solutions revenue declined 9%
- Industrial Solutions revenue decreased 7%
- Company withdrew full-year 2025 guidance
- Operating loss of $36.8 million
Insights
3D Systems reported concerning Q1 results with 8% revenue decline, deteriorating margins, and withdrawal of 2025 guidance amid persistent market headwinds.
3D Systems' Q1 2025 results reveal significant challenges with revenue dropping
Profitability metrics show concerning deterioration. Gross margin contracted substantially from
Management's response includes accelerated cost-cutting initiatives. Beyond their previously announced
The brightest spot in the report is the balance sheet enhancement from the April sale of the Geomagic portfolio, which added over
The underlying narrative suggests 3D Systems faces a challenging combination of macroeconomic uncertainty, capital spending delays by customers, tariff concerns affecting manufacturing strategies, and inventory management issues in key markets. While management highlights some positive developments in aerospace, defense, and healthcare segments, these bright spots aren't sufficient to offset broader market challenges, necessitating substantial organizational restructuring to align with current demand realities.
ROCK HILL, S.C., May 12, 2025 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the first quarter ended March 31, 2025.
- Revenue of
$95 million as growth in new hardware systems and related services was offset by a decline in materials sales driven primarily by inventory management in the dental aligner market. - Previously announced
$50 million cost savings initiative proceeding on schedule for completion by mid-2026. Reduction in operating expenses in Q1 continues to reflect the Company’s focus on cost and efficiency. - Company announcing an additional cost reduction initiative estimated to deliver
$20 million incremental savings in 2025 to accelerate organizational alignment in response to potential macroeconomic and tariff risks. - Company withdrawing full year guidance due to risk of protracted weakness in customer capex spending. Top priority on delivering profitability at current scale. Strong new product portfolio spanning all metal and polymer platforms positions company well for accelerated growth and profitability when customer capex rebounds.
- Balance sheet significantly strengthened as April sale of Geomagic portfolio provided over
$100 million post-tax increase to Company cash reserves, which totaled approximately$250 million as of April 30, 2025.
Unaudited | Three Months Ended | ||||||
(in millions, except per share data) | March 31, 2025 | March 31, 2024 | |||||
Revenue | $ | 94.5 | $ | 102.9 | |||
Gross profit | $ | 32.7 | $ | 40.9 | |||
Gross profit margin | 34.6 | % | 39.8 | % | |||
Operating expense | $ | 69.5 | $ | 80.8 | |||
Operating loss | $ | (36.8 | ) | $ | (39.9 | ) | |
Net loss attributable to 3D Systems Corporation | $ | (37.0 | ) | $ | (16.0 | ) | |
Diluted loss per share | $ | (0.28 | ) | $ | (0.12 | ) | |
Non-GAAP measures for year-over-year comparisons | |||||||
Non-GAAP gross profit margin | 35.0 | % | 40.1 | % | |||
Non-GAAP operating expense | $ | 61.6 | $ | 66.3 | |||
Adjusted EBITDA | $ | (23.9 | ) | $ | (20.1 | ) | |
Non-GAAP diluted loss per share | $ | (0.21 | ) | $ | (0.17 | ) | |
Summary Comments on Results
Dr. Jeffrey Graves, president and CEO of 3D Systems said, “Our first quarter revenues reflect a continuation of challenging top-line pressures as many customers are delaying their capital investments in order to get greater clarity around potential tariff impacts on their manufacturing and distribution strategies. This is in addition to the ongoing geopolitical and broader macroeconomic uncertainty that we have been experiencing for some time. We believe that these factors led to a noticeable dampening of our customers’ near-term capital spending, particularly in consumer-facing and service bureau related end markets. While we were pleased to see this growth in new printer sales for the second straight quarter, the rate was clearly impacted by these capital spending delays. Encouragingly, this growth in printer sales was driven predominantly by our newest hardware systems, as our strengthened technology portfolio delivered strategic wins for all three of our metal printing platforms, and steady growth broadly in Aerospace and Defense markets. These wins bode well for the future, particularly in the high-reliability Healthcare and Industrial markets, which include Aerospace and Defense, and AI infrastructure, areas that have been an increasing focus for us for some time. These trends were true not only in our US markets, but also in Europe, Asia and the Middle East. With regard to materials sales, the decline we experienced was primarily related to short-term inventory management in the dental orthodontics market. More broadly within our Healthcare segment, we delivered impressive results in spite of the broader economy, with
Dr. Graves continued, “While margins remained under pressure given lower volumes and less favorable mix, we are focused intently on the items within our direct control. In this respect, our cost reduction plans that we announced last quarter are gaining momentum and contributed approximately
Dr. Graves concluded, “So, in short, we have followed a very deliberate strategy for the last three years of investing to be a technology leader in both metals and polymers, and one that has full control over all design, production and sourcing operations that are essential to the quality of our products, as the market for new production applications of 3D printing now opens in earnest. While the short term headwinds driven by tariff risks and other factors are painful and require us to implement significant cost savings initiatives, in the longer-term the new opportunities for localized manufacturing within the US, Europe, India and other nations is a significant driver for long-term value creation for all of our stakeholders.”
First Quarter 2025 Results
Revenue for the first quarter of 2025 decreased
Healthcare Solutions revenue decreased
Industrial Solutions revenue decreased
Gross profit margin for the first quarter of 2025 was
Net loss attributable to 3D Systems Corporation increased by
Adjusted EBITDA decreased by
2025 Outlook
Due to the risk of protracted weakness in customer capital investment spending, the Company is withdrawing full year guidance for 2025 as it continues to focus on delivering profitability at its current scale. The Company believes with its strong new product portfolio, spanning all metal and polymer platforms, it is well-positioned for accelerated growth and profitability when customer spending on capex rebounds.
Financial Liquidity
At March 31, 2025, cash and cash equivalents totaled
Q1 2025 Conference Call and Webcast
The company will host a conference call and simultaneous webcast to discuss these results on May 13, 2025, which may be accessed as follows:
Date: Tuesday, May 13, 2025
Time: 8:30 a.m. Eastern Time
Listen via webcast: www.3dsystems.com/investor
Participate via telephone: 201-689-8345
A replay of the webcast will be available approximately two hours after the live presentation at www.3dsystems.com/investor.
Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as the date of the statement. 3D Systems undertakes no obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.
About 3D Systems
More than 35 years ago, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.
3D SYSTEMS CORPORATION Condensed Consolidated Balance Sheets (Unaudited) | |||||||
(in thousands, except par value) | March 31, 2025 | December 31, 2024 | |||||
ASSETS | |||||||
Current assets: | |||||||
Cash and cash equivalents | $ | 135,040 | $ | 171,324 | |||
Accounts receivable, net of reserves — | 104,691 | 101,471 | |||||
Inventories | 120,045 | 118,530 | |||||
Prepaid expenses and other current assets | 39,172 | 34,329 | |||||
Assets held for sale | 2,936 | 3,176 | |||||
Total current assets | 401,884 | 428,830 | |||||
Property and equipment, net | 50,918 | 51,044 | |||||
Intangible assets, net | 17,874 | 18,020 | |||||
Goodwill | 15,102 | 14,879 | |||||
Operating lease right-of-use assets | 51,983 | 50,715 | |||||
Finance lease right-of-use assets | 8,504 | 8,726 | |||||
Long-term deferred income tax assets | 2,107 | 2,063 | |||||
Other assets | 34,983 | 34,569 | |||||
Total assets | $ | 583,355 | $ | 608,846 | |||
LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY | |||||||
Current liabilities: | |||||||
Current operating lease liabilities | $ | 11,775 | $ | 9,514 | |||
Accounts payable | 39,767 | 41,833 | |||||
Accrued and other liabilities | 44,310 | 45,488 | |||||
Customer deposits | 5,750 | 4,712 | |||||
Deferred revenue | 32,110 | 27,298 | |||||
Liabilities held for sale | 10,305 | 10,251 | |||||
Total current liabilities | 144,017 | 139,096 | |||||
Long-term debt, net of deferred financing costs | 212,310 | 211,995 | |||||
Long-term operating lease liabilities | 51,525 | 52,527 | |||||
Long-term deferred income tax liabilities | 2,001 | 2,076 | |||||
Other liabilities | 25,829 | 25,001 | |||||
Total liabilities | 435,682 | 430,695 | |||||
Commitments and contingencies | |||||||
Redeemable non-controlling interest | 2,034 | 1,958 | |||||
Stockholders’ equity: | |||||||
Common stock, | 135 | 136 | |||||
Additional paid-in capital | 1,596,747 | 1,593,366 | |||||
Accumulated deficit | (1,399,229 | ) | (1,362,243 | ) | |||
Accumulated other comprehensive loss | (52,014 | ) | (55,066 | ) | |||
Total stockholders’ equity | 145,639 | 176,193 | |||||
Total liabilities, redeemable non-controlling interest and stockholders’ equity | $ | 583,355 | $ | 608,846 | |||
3D SYSTEMS CORPORATION Condensed Consolidated Statements of Operations (Unaudited) | |||||||
Three Months Ended | |||||||
(in thousands, except per share amounts) | March 31, 2025 | March 31, 2024 | |||||
Revenue: | |||||||
Products | $ | 54,723 | $ | 64,051 | |||
Services | 39,817 | 38,854 | |||||
Total revenue | 94,540 | 102,905 | |||||
Cost of sales: | |||||||
Products | 37,365 | 39,587 | |||||
Services | 24,486 | 22,396 | |||||
Total cost of sales | 61,851 | 61,983 | |||||
Gross profit | 32,689 | 40,922 | |||||
Operating expenses: | |||||||
Selling, general and administrative | 49,769 | 57,304 | |||||
Research and development | 19,683 | 23,480 | |||||
Asset impairment charges | — | — | |||||
Total operating expenses | 69,452 | 80,784 | |||||
Loss from operations | (36,763 | ) | (39,862 | ) | |||
Non-operating income (loss): | |||||||
Foreign exchange gain, net | 1,139 | 1,909 | |||||
Interest income | 953 | 2,798 | |||||
Interest expense | (581 | ) | (714 | ) | |||
Other (loss) income, net | (160 | ) | 21,386 | ||||
Total non-operating income | 1,351 | 25,379 | |||||
Loss before income taxes | (35,412 | ) | (14,483 | ) | |||
Provision for income taxes | (671 | ) | (1,371 | ) | |||
Loss on equity method investment, net of income taxes | (903 | ) | (247 | ) | |||
Net loss before redeemable non-controlling interest | (36,986 | ) | (16,101 | ) | |||
Less: net loss attributable to redeemable non-controlling interest | — | (100 | ) | ||||
Net loss attributable to 3D Systems Corporation | $ | (36,986 | ) | $ | (16,001 | ) | |
Net loss per common share: | |||||||
Basic | $ | (0.28 | ) | $ | (0.12 | ) | |
Diluted | $ | (0.28 | ) | $ | (0.12 | ) | |
Weighted average shares outstanding: | |||||||
Basic | 132,462 | 130,820 | |||||
Diluted | 132,462 | 130,820 | |||||
3D SYSTEMS CORPORATION
Condensed Consolidated Statements of Cash Flows
(Unaudited)
Three Months Ended | |||||||
(in thousands) | March 31, 2025 | March 31, 2024 | |||||
OPERATING ACTIVITIES | |||||||
Net loss before redeemable non-controlling interest | $ | (36,986 | ) | $ | (16,101 | ) | |
Adjustments to reconcile net loss to net cash used in operating activities: | |||||||
Depreciation and amortization | 5,712 | 7,272 | |||||
Accretion of debt discount | 316 | 434 | |||||
Stock-based compensation | 4,168 | 8,252 | |||||
Non-cash operating lease expense | 2,371 | 2,728 | |||||
Provision for inventory obsolescence | 1,311 | 4,259 | |||||
Provision for bad debts | 325 | (71 | ) | ||||
Loss on the disposition of businesses, property, equipment and other assets | 128 | 155 | |||||
Gain on debt extinguishment | — | (21,518 | ) | ||||
Provision for deferred income taxes and reserve adjustments | 1,652 | 714 | |||||
Loss on equity method investment, net of taxes | 903 | 247 | |||||
Changes in operating accounts: | |||||||
Accounts receivable | (1,231 | ) | (2,391 | ) | |||
Inventories | (1,870 | ) | 30 | ||||
Prepaid expenses and other current assets | (4,078 | ) | (3,277 | ) | |||
Accounts payable | (2,799 | ) | (8,708 | ) | |||
Deferred revenue and customer deposits | 5,745 | 7,854 | |||||
Accrued and other liabilities | (4,144 | ) | (1,017 | ) | |||
All other operating activities | (5,309 | ) | (4,407 | ) | |||
Net cash used in operating activities | (33,786 | ) | (25,545 | ) | |||
INVESTING ACTIVITIES | |||||||
Purchases of property and equipment | (2,795 | ) | (3,190 | ) | |||
Proceeds from sale of assets and businesses, net of cash sold | — | 3 | |||||
Acquisitions and other investments, net of cash acquired | (550 | ) | — | ||||
Other investing activities | (67 | ) | — | ||||
Net cash used in investing activities | (3,412 | ) | (3,187 | ) | |||
FINANCING ACTIVITIES | |||||||
Repayment of borrowings/long-term debt | — | (87,150 | ) | ||||
Taxes paid related to net-share settlement of equity awards | (285 | ) | (1,710 | ) | |||
Other financing activities | (364 | ) | (327 | ) | |||
Net cash used in financing activities | (649 | ) | (89,187 | ) | |||
Effect of exchange rate changes on cash, cash equivalents and restricted cash | 1,178 | (1,579 | ) | ||||
Net decrease in cash, cash equivalents and restricted cash | (36,669 | ) | (119,498 | ) | |||
Cash, cash equivalents and restricted cash at the beginning of the year | 172,883 | 333,111 | |||||
Cash, cash equivalents and restricted cash at the end of the period | $ | 136,214 | $ | 213,613 | |||
3D SYSTEMS CORPORATION Segment Information (Unaudited) | |||||||
Three Months Ended | |||||||
(in millions) | March 31, 2025 | March 31, 2024 | |||||
Revenue: | |||||||
Healthcare Solutions | $ | 41.3 | $ | 45.4 | |||
Industrial Solutions | $ | 53.2 | $ | 57.5 | |||
Total | $ | 94.5 | $ | 102.9 | |||
3D SYSTEMS CORPORATION Reconciliations of GAAP to Non-GAAP Measures | |||||||
Presentation of Information in this Press Release
3D Systems reports its financial results in accordance with GAAP. Management also reviews and reports certain non-GAAP measures, including: non-GAAP gross profit, non-GAAP gross profit margin, non-GAAP diluted income (loss) per share, non-GAAP Operating expense and Adjusted EBITDA. These non-GAAP measures exclude certain items that management does not view as part of 3D Systems’ core results as they may be highly variable, may be unusual or infrequent, are difficult to predict and can distort underlying business trends and results. Management believes that the non-GAAP measures provide useful additional insight into underlying business trends and results and provide meaningful information regarding the comparison of period-over-period results. Additionally, management uses the non-GAAP measures for planning, forecasting and evaluating business and financial performance, including allocating resources and evaluating results relative to employee compensation targets. 3D Systems’ non-GAAP measures are not calculated in accordance with or as required by GAAP and may not be calculated in the same manner as similarly titled measures used by other companies. These non-GAAP measures should thus be considered as supplemental in nature and not considered in isolation or as a substitute for the related financial information prepared in accordance with GAAP.
To calculate the non-GAAP measures, 3D Systems excludes the impact of the following items:
- amortization of intangible assets, a non-cash expense, as 3D Systems’ intangible assets were primarily acquired in connection with business combinations;
- costs incurred in connection with acquisitions and divestitures, such as legal, consulting and advisory fees;
- stock-based compensation expenses, a non-cash expense;
- charges related to restructuring and cost optimization plans, impairment charges, including goodwill, and divestiture gains or losses;
- certain compensation expense related to the 2021 Volumetric acquisition; and
- costs, including legal fees, related to significant or unusual litigation matters.
Amortization of intangibles and acquisition and divestiture-related costs are excluded from non-GAAP measures as the timing and magnitude of business combination transactions are not predictable, can vary significantly from period to period and the purchase price allocated to amortizable intangible assets and the related amortization period are unique to each acquisition. Amortization of intangible assets will recur in future periods until such intangible assets have been fully amortized. While intangible assets contribute to the company’s revenue generation, the amortization of intangible assets does not directly relate to the sale of the company’s products or services. Additionally, intangible assets amortization expense typically fluctuates based on the size and timing of the company’s acquisition activity. Accordingly, the company believes excluding the amortization of intangible assets enhances the company’s and investors’ ability to compare the company’s past financial performance with its current performance and to analyze underlying business performance and trends. Although stock-based compensation is a key incentive offered to certain of our employees, the expense is non-cash in nature, and we continue to evaluate our business performance excluding stock-based compensation; therefore, it is excluded from non-GAAP measures. Stock-based compensation expenses will recur in future periods. Charges related to restructuring and cost optimization plans, impairment charges, including goodwill, divestiture gains or losses, and the costs, including legal fees, related to significant or unusual litigation matters are excluded from non-GAAP measures as the frequency and magnitude of these activities may vary widely from period to period. Additionally, impairment charges, including goodwill, are non-cash. Furthermore, the company believes the costs, including legal fees, related to significant or unusual litigation matters are not indicative of our core business' operations. Finally, 3D Systems excludes contingent consideration recorded as compensation expense related to the 2021 Volumetric acquisition from non-GAAP measures as management evaluates financial performance excluding this expense, which is viewed by management as similar to acquisition consideration.
The matters discussed above are tax effected, as applicable, in calculating non-GAAP diluted income (loss) per share.
Adjusted EBITDA, defined as net income, plus income tax (provision) benefit, interest and other income (expense), net, stock-based compensation expense, amortization of intangible assets, depreciation expense, and other non-GAAP adjustments, all as described above, is used by management to evaluate performance and helps measure financial performance period-over-period.
A reconciliation of GAAP to non-GAAP financial measures is provided in the accompanying schedules.
Certain columns may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in thousands.
3D Systems does not provide forward-looking guidance for certain measures on a GAAP basis. The company is unable to provide a quantitative reconciliation of forward-looking non-GAAP gross profit margin, Adjusted EBITDA, and non-GAAP operating expense to the most directly comparable forward-looking GAAP measures without unreasonable effort because certain items, including litigation costs, acquisition expenses, stock-based compensation expense, intangible assets amortization expense, restructuring expenses, and goodwill impairment charges are difficult to predict and estimate. These items are inherently uncertain and depend on various factors, many of which are beyond the company’s control, and as such, any associated estimate and its impact on GAAP performance could vary materially.
Non-GAAP Gross Profit and Gross Profit Margin (unaudited)
Three Months Ended | |||||||||||||||
(in millions) | March 31, 2025 | March 31, 2024 | |||||||||||||
Gross Profit | Gross Profit Margin (1) | Gross Profit | Gross Profit Margin (1) | ||||||||||||
Gross profit (GAAP) | $ | 32.7 | 34.6 | % | $ | 40.9 | 39.8 | % | |||||||
Amortization expense | 0.2 | 0.2 | % | 0.3 | 0.3 | % | |||||||||
Restructuring expense | 0.2 | 0.2 | % | — | — | % | |||||||||
Gross profit (Non-GAAP) | $ | 33.1 | 35.0 | % | $ | 41.2 | 40.1 | % | |||||||
(1) Calculated as non-GAAP gross profit as a percentage of total revenue.
Non-GAAP Operating Expense (unaudited)
Three Months Ended | |||||||
(in millions) | March 31, 2025 | March 31, 2024 | |||||
Operating expense (GAAP) | $ | 69.5 | $ | 80.8 | |||
Amortization expense | (0.8 | ) | (2.0 | ) | |||
Stock-based compensation expense | (4.2 | ) | (8.2 | ) | |||
Acquisition and divestiture-related expense | (0.9 | ) | (0.1 | ) | |||
Legal and other expense | (1.1 | ) | (4.2 | ) | |||
Restructuring expense | (0.8 | ) | — | ||||
Non-GAAP operating expense | $ | 61.6 | $ | 66.3 | |||
Net Loss Attributable to 3D Systems Corporation to Adjusted EBITDA (unaudited)
Three Months Ended | |||||||
(in millions) | March 31, 2025 | March 31, 2024 | |||||
Net loss attributable to 3D Systems Corporation (GAAP) | $ | (37.0 | ) | $ | (16.0 | ) | |
Interest income, net | (0.4 | ) | (2.1 | ) | |||
Provision for income taxes | 0.7 | 1.4 | |||||
Depreciation expense | 4.7 | 5.0 | |||||
Amortization expense | 1.0 | 2.3 | |||||
EBITDA (Non-GAAP) | (31.0 | ) | (9.4 | ) | |||
Stock-based compensation expense | 4.2 | 8.2 | |||||
Acquisition and divestiture-related expense | 0.9 | 0.1 | |||||
Legal and other expense | 1.1 | 4.2 | |||||
Restructuring expense | 1.0 | — | |||||
Net loss attributable to redeemable non-controlling interest | — | (0.1 | ) | ||||
Loss on equity method investment, net of tax | 0.9 | 0.2 | |||||
Gain on repurchase of debt | — | (21.5 | ) | ||||
Other non-operating income | (1.0 | ) | (1.8 | ) | |||
Adjusted EBITDA (Non-GAAP) | $ | (23.9 | ) | $ | (20.1 | ) | |
Diluted Loss per Share (unaudited)
Three Months Ended | |||||||
(in dollars) | March 31, 2025 | March 31, 2024 | |||||
Diluted loss per share (GAAP) | $ | (0.28 | ) | $ | (0.12 | ) | |
Amortization expense | 0.01 | 0.02 | |||||
Stock-based compensation expense | 0.03 | 0.06 | |||||
Acquisition and divestiture-related expense | 0.01 | — | |||||
Legal and other expense | 0.01 | 0.03 | |||||
Restructuring expense | 0.01 | — | |||||
Gain on repurchase of debt | — | (0.16 | ) | ||||
Loss on equity method investment and other | 0.01 | — | |||||
Non-GAAP diluted loss per share | $ | (0.21 | ) | $ | (0.17 | ) | |
Investor Contact: | investor.relations@3dsystems.com | |
Media Contact: | press@3dsystems.com | |
