Oct.29, 2013

3D Systems Corp announced today that its third quarter revenue grew 50% from the prior year to $135.7 million.

Compared to 2012 quarter:

-- 3D printers and other products revenue increased 76% to $59.8 million.

-- Print materials revenue grew 30% to $33.2 million.

-- Services revenue rose 38% to $42.7 million.

-- Healthcare revenue grew 39% and contributed $16.9 million to total revenue.

-- Consumer solutions contributed $13.5 million to total revenue.

Net income attributable to the company rose to $17.7 million, or 17 cents per share, in the three months to Sept. 30, from $13.5 million, or 16 cents per share, a year earlier.

For the nine months 2013, revenue grew 42% to $358.6 million, on an 81% increase in printers and other products revenue and 27% organic growth, resulting in GAAP earnings of $0.34 per share and non-GAAP earnings of $0.66 per share. Gross profit increased 46% and gross profit margin expanded 120 basis points to 52.3%.

To accelerate its growth rate, the company decided to further increase its R&D, marketing and retail field operations spending in connection with specific, near-term, new product introductions and retail channel expansion. Significant marketplace interest in its recently acquired Phenix direct metals 3D printers also compelled the company to accelerate new products development and capacity investments. As a result, the company updated its annual guidance for the full year 2013, increasing its revenue guidance to be in the range of $500 million to $530 million and, consistent with the step up in discretionary spending, reducing its non-GAAP earnings per share guidance to be in the range of $0.93 to $1.03.

3D Systems also announced it is investing $10 million to expand its Rock Hill, SC, manufacturing operations generating 145 new jobs.

 

Posted in 3D Printing Company

 

 

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Phil wrote at 10/30/2013 4:16:21 PM:

On 3-D systems. We have one of their new machines. It fails the majority of the time. Now on our 3rd print head since Jan. when the machine was new. I'm hearing from others with similar problems. Material approaching $150.00/lb. Machines are unreliable, expensive ($70,000.00) and material is off-the-charts expensive Nice idea but the company could be in serious trouble if they don' get reliable and competitive.



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