3D Systems Q2 Revenue Up 5% to $140M with $33M Loss

ROCK HILL, SC, Aug 10, 2022 – 3D Systems Corp. announced its financial results for the second quarter ended June 30, 2022. For the second quarter of 2022, the company reported revenue of $140M, up 5.3% compared to $133M in the first quarter of 2022. Net loss was $33M.

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)

Commenting on the results, president and CEO, Dr. Jeffrey Graves said, “Our second quarter results came in below our expectations, due in large part to continuing supply chain disruptions that constrained our ability to fill customer orders, input cost inflation that reduced our gross profit margins and a significant negative impact of foreign exchange on our international business. In addition, we are seeing evidence that macro factors are causing selected key customers to spend more cautiously, and we now believe, as reflected in our reduced FY 2022 guidance, that this softer demand environment is likely to continue at least through the balance of the year. We have already taken certain cost and efficiency-related actions and will take additional measures as we move through 2022, with the goal of mitigating the impact of reduced near-term demand on our financial results.”

Dr. Graves continued, “Despite these near-term external pressures which are impacting many companies, I remain extremely confident about the long-term growth drivers for our business and for the additive manufacturing industry. Adoption of additive solutions in production environments continues to move forward, and 3D Systems is at the forefront of this growing trend. The actions we have taken over the last two years have repositioned 3D Systems with an industry-leading portfolio of polymer and metal technologies and a renewed focus on partnering with our customers to create value-added production applications. While the current macroeconomic challenges are clearly pressuring our results, we are confident that we remain well-positioned to achieve the long-term targets that we laid out in our May 2022 Investor Day, including $1 billion in revenue in five years.”

Dr. Graves summarized, “As we have previously noted, we view 2022 as an investment year during which we will add to and refresh our solutions portfolio, build unique capabilities in software and regenerative medicine, and strengthen our corporate infrastructure, all with the goal of supporting strong future growth and profitability by 3D Systems and long-term value for our shareholders.”

A complete chart of the financial results is available here.

About 3D Systems

More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, they bring innovation, performance, and reliability to every interaction – empowering customers to create products and business models never before possible. Thanks to their unique offering of hardware, software, materials and services, each application-specific solution is powered by the expertise of their application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in Healthcare and Industrial markets such as medical and dental, aerospace & defense, automotive and durable goods.

More information on the company is available at www.3dsystems.com.

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