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Q2 2016 Financial Results are in for 3D Systems: Healthcare Solutions Take Them Up; 3D Printer Sales Drag Them Down

by • August 2, 2016 • No Comments

logo (15)We’ve seen a lot of ups and downs in the 3D printing industry lately, marking good outcomeses and upheaval as is normal in any business environment—and especially one which is working its way up to the crowded and fiercely competitive point. Whilst the outappear for the next pretty appears bright in an industry which is just expected to expand exponentially, which does not mean which each organization is going to handle their resources or bottom line correctly. When it comes to the titans of 3D printing yet, such as 3D Systems, many eachone is rooting for them, hoping to see brighter numbers as a great portent for all, signaling which eachthing is going to be okay.

I wouldn’t say which those relying on 3D Systems as the pulse of the industry are going to be thrilled as their Second Quarter & Six Months 2016 Financial Results roll out, but all is pretty not dire as they show:

Revenue of $158.1 millionGAAP loss of $0.04 per shareNon-GAAP earnings of $0.12 per share

What we are seeing in terms of good outcomes is strategy and preserving brand. The strengths which 3D Systems is revealing right now are not in 3D printing sales, but pretty in the other areas they are putting sturdy focus on, with multiple streams of income coming in of healthcare solutions and software as well as higher materials orders of healthcare and industrial customers. As 3D printing device sales and on-demand making fell, it outcomeed in the current 7% minimize in comparison to last year at this time.

3d54137A appear at their gross profit margin shows again, reward of software and healthcare solutions, with an increase of 50.9%. This is obviously not a positive mark for 3D printing device sales or making as it highlights departing of selling actual consumer products. In via 2015 as comparison, it’s worthwhile to note in addition which charges related to product facility consolidation introduced to the gross profit margin of 47.9%.

“We were cheerful with continued sturdy demand for our healthcare solutions and software as well as increased materials sales into high end industrial and healthcare applications,” commented Vyomesh Joshi (VJ), Chief Executive Officer, 3D Systems. “We see clear opportunities for improvements in 3D printing devices and on demand making services as we drive operational excellence and focus on providing reliable end-to-end solutions.”

Operating expenses were on the minimize, to the tune of 21% of this time last year—at $84.1 million now, to include SG&A expenses of $63.2 million and R&D expenses of $20.9 million. The worthwhile minimize is attributed to lower amortization and stock based compensation expenses. Research and development expenses were in addition shown at a 19% minimize in comparison to 2nd quarter of 2015. 3D Systems reports which as a direct outcome of timing in product development. They saw $12.9 million of cash for this quarter, and an increase in cash on hand, with $176.2 million of cash as of the end of June—an increase of $155.6 this past December.

For the initially six months of 2016, revenue minimized 7% to $310.7 million outcomeing in a GAAP loss of $0.20 per share and non-GAAP earnings of $0.17 per share.

“We are building a comprehensive strategy and building a world-class team and organizational structure we believe can enable us to donate exceptional customer value, drive profitable growth and accelerate digital making,” concluded Joshi.

3D Systems can hold a conference call along with a simultaneous webcast to discuss these outcomes on Wednesday, August 3, 2016, at 8:30 a.m. Eastern Time—the same day which they file their 2nd quarter 2016 Form 10-Q with the Securities and Exchange Commission. The recorded webcast can be on the market beginning close to two hours after the live presentation. Discuss your yetts in the 3D Systems Second Quarter Report forum over at 3DPB.com.

[Source: 3D Systems]

3D Systems Healthcare Technology Center in Littleton, CO.

3D Systems Healthcare Technology Center in Littleton, CO.