Summary by Moomoo AI
3D Systems reported Q3 2024 revenue of $112.9 million, down 9% year-over-year, primarily due to weak printer sales offset by 10% growth in consumables. Healthcare Solutions revenue grew 5% to $55.1 million. The company posted a net loss of $178.6 million, including a $143.7 million impairment charge.Gross profit margin declined to 36.9% from 44.7% last year, impacted by lower volumes and a $3 million inventory reserve increase. Non-GAAP operating expenses improved sequentially to $61.4 million. Cash and equivalents stood at $190 million as of September 30.3D Systems updated its 2024 guidance, now expecting full-year revenue of $440-450 million. The company anticipates further sequential improvement in Adjusted EBITDA and is focusing on cash management and profitability while maintaining investment in R&D and customer support.
