ROCK HILL, S.C., May 09, 2022 (GLOBE NEWSWIRE) --
3D Systems Corporation (NYSE:DDD) announced today its financial results for the first quarter ended March 31, 2022.
First Quarter Financial and Operational Results
- Q1 2022 revenue of $133.0 million declined 9.0% compared to Q1 2021 driven solely by divestitures of non-core assets; adjusted for divestitures(1), revenue increased 10% compared to Q1 2021, reflecting continued strength in both the Industrial and Healthcare Solutions segments
- Adjusted EBITDA margin(1) of 1.4% reflects continued investments in growth areas of our business and product portfolio, combined with seasonally lower revenue
- Diluted GAAP loss per share of $0.21, and diluted Non-GAAP loss per share(1) of $0.06
- Cash and short-term investments on the balance sheet of $745.6 million position the company for continued investments in 2022
- Subsequent to Q1 2022, closed the previously announced acquisitions of Titan and Kumovis
| Quarter Ended March 31, | ||||||||
| (in millions, expect per share data) | 2022 | 2021 | ||||||
| Revenue | $ | 133.0 | $ | 146.1 | ||||
| Operating loss | $ | (23.2 | ) | $ | (2.0 | ) | ||
| Net (loss) income | $ | (26.8 | ) | $ | 45.2 | |||
| Net (loss) income per share - basic | $ | (0.21 | ) | $ | 0.37 | |||
| Net (loss) income per share - diluted | $ | (0.21 | ) | $ | 0.36 | |||
| Non-GAAP measures for year-over-year comparisons (1) | ||||||||
| Non-GAAP operating (loss) income | $ | (3.9 | ) | $ | 13.1 | |||
| Non-GAAP net (loss) income | $ | (7.2 | ) | $ | 20.9 | |||
| Non-GAAP (loss) income per share - basic | $ | (0.06 | ) | $ | 0.17 | |||
| Non-GAAP (loss) income per share - diluted | $ | (0.06 | ) | $ | 0.17 | |||
| Adjusted EBITDA | $ | 1.9 | $ | 19.8 | ||||
