ROCK HILL, SC, Aug 3, 2017 – 3D Systems Corp. announced its financial results for the second quarter and six months ended June 30, 2017. Revenue increased to $159.5 million, an increase of 2.6%, for the three months ended June 30, 2017 from $156.4 million for the first quarter of 2017. Net loss for second quarter 2017 was $7.9M.
Comparative analysis based on 3D Systems’ financial results in the last 12 quarters (Result source 3D Systems website)
Comparative analysis based on 3D Systems’ financial results in the last 12 quarters (Result source 3D Systems website)
“We are pleased with the growth in production printers, materials, software and
healthcare,” commented Vyomesh Joshi (VJ), chief executive officer, 3D Systems.
“However, we have work to do in the second half of this year to improve our
execution across the company and position ourselves well for long term success and
profitable growth in 2018 and beyond.”
”We continue to make strategic investments in IT, go to market and innovation. For
the remainder of the year, we will also increase our focus on costs, including
operating expenses, in support of 2017 and long term,” commented John McMullen,
executive vice president and chief financial officer.
“We are keenly focused on delivering production solutions that provide durability,
repeatability, productivity and leadership in total cost of operations. We believe our
investments, innovation and improved execution will position us well for the long term
and enable us to drive the transition in 3D printing from prototyping to production,”
concluded Joshi.
A complete chart of the financial results is available here.
About 3D Systems
3D Systems provides comprehensive 3D products and services, including 3D printers, print materials, on-demand manufacturing services and digital design tools. Its ecosystem supports advanced applications from the product design shop to the factory floor to the operating room. 3D Systems’ precision healthcare capabilities include simulation, Virtual Surgical Planning, and printing of medical and dental devices as well as patient-specific surgical instruments. As the originator of 3D printing and a shaper of future 3D solutions, 3D Systems has spent its 30 year history enabling professionals and companies to optimize their designs, transform their workflows, bring innovative products to market and drive new business models.
More information on the company is available at www.3dsystems.com.
