ROCK HILL, SC, Mar 1, 2019 – 3D Systems Corp. announced its financial results for the fourth quarter ended December 31, 2018. For the fourth quarter of 2018, the company reported 9.7% revenue up to $180.7M compared to $164.5M in the third quarter of the same year. GAAP net loss for the quarter was $4.1M.
“We are pleased with our continued strong growth in printer revenue and units across platforms, in both plastics and metals, as well as continued growth in healthcare and software solutions. We are also pleased with the significant portfolio enhancements we made throughout 2018, our improved execution and the cost structure opportunities available to us as we enter 2019,” commented Vyomesh Joshi (VJ) president and chief executive officer, 3D Systems.
“With multiple 2018 product launches now behind us, we are shifting our investment focus to materials innovations and software growth opportunities,” commented John McMullen, executive vice president and chief financial officer. “We are very focused on reducing our cost structure and driving cash generation during 2019.”
“We have made significant progress in our turn around and transformation work for the company. Our improved operational foundation, execution and unmatched portfolio focused on production solutions, position the company very well to drive continued and increasingly profitable growth in 2019 and beyond,” 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.