Published on 28 Feb 2024 on GuruFocus.com via Yahoo Finance

3D Systems Corp (DDD) Faces Headwinds: A Look at the 2023 Earnings Report

Revenue: Decreased by 9.3% to $488.1 million in 2023 from $538.0 million in 2022.Gross Profit Margin: Improved to 40.7% in 2023 from 39.8% in 2022.Net Loss: Widened to $370.4 million in 2023 from $122.7 million in 2022, primarily due to impairment charges.Diluted Loss Per Share: Increased to $2.85 in 2023 from $0.96 in 2022.Adjusted EBITDA: Decreased to a loss of $24.5 million in 2023 from a loss of $5.8 million in 2022.2024 Outlook: Revenue expected to be between $475 million and $505 million with a non-GAAP gross profit margin of 42%-44%.Financial Liquidity: Cash and cash equivalents totaled $331.5 million as of December 31, 2023.

Warning! GuruFocus has detected 6 Warning Signs with DDD.

On February 27, 2024, 3D Systems Corp (NYSE:DDD) released its 8-K filing, detailing the financial results for the fourth quarter and full year ended December 31, 2023. The company, a leader in comprehensive 3D printing and digital manufacturing solutions, reported a decrease in annual revenue and a significant net loss, largely attributed to impairment charges and ongoing macroeconomic and geopolitical volatility.