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Mar 31, 2022
3D Systems Q1 2022 Earnings Report
3D Systems' Q1 2022 results reflected a decrease in revenue due to divestitures, but core business segments showed growth driven by strong demand.
Key Takeaways
3D Systems reported a revenue decline of 9.0% compared to Q1 2021, primarily due to divestitures. However, adjusted for divestitures, revenue increased by 10%, driven by growth in both Industrial and Healthcare Solutions segments. The company is narrowing its full-year 2022 revenue guidance to a range of $580 million to $625 million.
Q1 2022 revenue was $133.0 million, a 9.0% decrease compared to Q1 2021, solely due to divestitures.
Adjusted for divestitures, revenue increased 10% compared to Q1 2021.
Diluted GAAP loss per share was $0.21, and diluted Non-GAAP loss per share was $0.06.
Cash and short-term investments totaled $745.6 million, positioning the company for continued investments in 2022.
Revenue by Segment
Forward Guidance
3D Systems is narrowing its full-year 2022 guidance and expects revenue to be within a range of $580 million and $625 million. The company expects non-GAAP gross margins to be between 40% to 43% and non-GAAP operating expenses to be between $235 million and $250 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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