3D Systems Corp ( (DDD) ) has released its Q4 earnings. Here is a breakdown of the information 3D Systems Corp presented to its investors.
3D Systems Corp, a pioneer in the additive manufacturing industry, specializes in 3D printing technologies, materials, and software for high-value markets such as medical, dental, aerospace, and automotive sectors. In its latest earnings report, 3D Systems revealed a full-year 2024 revenue of $440 million, slightly above the lower end of its guidance range, despite a challenging year marked by weak customer spending and a significant accounting estimate change in its Regenerative Medicine program. The company also announced a new cost reduction initiative aimed at achieving over $50 million in savings by mid-2026. Key financial metrics showed a decrease in revenue and gross profit margins compared to the previous year, with a full-year net loss of $255.6 million, an improvement from 2023. The sale of its Geomagic software platform is expected to bolster its balance sheet in 2025. Looking ahead, 3D Systems anticipates flat to modest revenue growth in 2025, with a focus on cost efficiencies and a target of achieving positive adjusted EBITDA by the end of the year.