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3D Systems | 10-Q: Q2 2024 Earnings Report

3D Systems | 10-Q: Q2 2024 Earnings Report

3D系統 | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/30 04:36

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3D Systems reported Q2 2024 revenue of $113.3 million, down 11.7% from $128.2 million in Q2 2023, with a net loss of $27.3 million. The decline was primarily driven by a 19.6% drop in products revenue to $71.7 million, while services revenue increased 6.3% to $41.5 million. Healthcare Solutions revenue fell 19.7% to $48.9 million, while Industrial Solutions revenue decreased 4.4% to $64.4 million.The company continued executing its restructuring plan announced in 2023, focusing on improving manufacturing efficiencies, reducing headcount, and rationalizing geographic footprint. Cost reduction initiatives helped lower operating expenses, with SG&A expenses decreasing 12.7% to $51.5 million and R&D expenses declining 3.3% to $22.0 million compared to Q2 2023.Looking ahead, 3D Systems expects annualized cost savings of $45-55 million from its restructuring initiatives when completed. The company ended the quarter with $192.7 million in cash and cash equivalents, down from $331.5 million at year-end 2023, partly due to an $87.2 million debt repurchase. Management believes current financial resources are sufficient to meet anticipated cash requirements for the next twelve months.
3D Systems reported Q2 2024 revenue of $113.3 million, down 11.7% from $128.2 million in Q2 2023, with a net loss of $27.3 million. The decline was primarily driven by a 19.6% drop in products revenue to $71.7 million, while services revenue increased 6.3% to $41.5 million. Healthcare Solutions revenue fell 19.7% to $48.9 million, while Industrial Solutions revenue decreased 4.4% to $64.4 million.The company continued executing its restructuring plan announced in 2023, focusing on improving manufacturing efficiencies, reducing headcount, and rationalizing geographic footprint. Cost reduction initiatives helped lower operating expenses, with SG&A expenses decreasing 12.7% to $51.5 million and R&D expenses declining 3.3% to $22.0 million compared to Q2 2023.Looking ahead, 3D Systems expects annualized cost savings of $45-55 million from its restructuring initiatives when completed. The company ended the quarter with $192.7 million in cash and cash equivalents, down from $331.5 million at year-end 2023, partly due to an $87.2 million debt repurchase. Management believes current financial resources are sufficient to meet anticipated cash requirements for the next twelve months.
3D系統報告2024年第二季度營業收入爲11330萬,較2023年第二季度的12820萬下降了11.7%,淨虧損爲2730萬。收入下降主要是由於產品營業收入下降19.6%至7170萬,而服務營業收入增加6.3%至4150萬。醫療解決方案收入下降19.7%至4890萬,而工業解決方案收入減少4.4%至6440萬。公司繼續執行於2023年宣佈的重組計劃,重點改善製造業效率,減少員工人數,合理化地理佈局。成本降低舉措幫助降低了營業費用,銷售、一般和管理費用(SG&A)較2023年第二季度下降12.7%至5150萬,研發(R&D)費用下降3.3%至2200萬。展望未來,3D系統預計其重組舉措完成後年化成本節約將達到4500-5500萬。公司在本季度末現金及現金等價物爲19270萬,較2023年底的33150萬下降,部分原因是8720萬的債務回購。管理層認爲目前的財務資源足以滿足未來十二個月的現金需求。
3D系統報告2024年第二季度營業收入爲11330萬,較2023年第二季度的12820萬下降了11.7%,淨虧損爲2730萬。收入下降主要是由於產品營業收入下降19.6%至7170萬,而服務營業收入增加6.3%至4150萬。醫療解決方案收入下降19.7%至4890萬,而工業解決方案收入減少4.4%至6440萬。公司繼續執行於2023年宣佈的重組計劃,重點改善製造業效率,減少員工人數,合理化地理佈局。成本降低舉措幫助降低了營業費用,銷售、一般和管理費用(SG&A)較2023年第二季度下降12.7%至5150萬,研發(R&D)費用下降3.3%至2200萬。展望未來,3D系統預計其重組舉措完成後年化成本節約將達到4500-5500萬。公司在本季度末現金及現金等價物爲19270萬,較2023年底的33150萬下降,部分原因是8720萬的債務回購。管理層認爲目前的財務資源足以滿足未來十二個月的現金需求。
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