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Mar 31, 2020
3D Systems Q1 2020 Earnings Report
Reported a decrease in revenue due to the negative impact of the COVID-19 pandemic, while managing expenses and preserving cash.
Key Takeaways
3D Systems reported a GAAP revenue of $134.7 million for Q1 2020, compared to $152.0 million in the same period last year. The company experienced a GAAP loss of $0.17 per share, an improvement from the $0.22 loss per share in the same period last year. The COVID-19 pandemic negatively impacted the results. They had cash and cash equivalents of $112.8 million at the end of the quarter.
GAAP revenue was $134.7 million, down from $152.0 million year-over-year.
GAAP loss per share was $0.17, improved from a loss of $0.22 per share year-over-year.
Non-GAAP loss per share was $0.04, improved from a loss of $0.09 per share year-over-year.
Cash and cash equivalents totaled $112.8 million at the end of the quarter.
Forward Guidance
Amid the uncertain environment, the company is focused on reducing expenses and preserving cash to be well-positioned when the market recovers.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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