3D Systems Reports Operating Results for Q1 2008

ROCK HILL, S.C.—(BUSINESS WIRE)—May 8, 2008— 3D Systems Corporation (NASDAQ: TDSC), a leading provider of 3-D Modeling, Rapid Prototyping and Manufacturing solutions, announced today its operating results for the first quarter of 2008. The company also filed its Form 10-Q for the first quarter of 2008 with the SEC today.

The company will hold a conference call and simultaneous webcast to discuss its first quarter results tomorrow morning, May 9, 2008, at 9:00 a.m., Eastern Time. Additional information relating to that call and webcast is provided below.

The company reported the following first quarter 2008 results compared to its 2007 first quarter:

  • Revenue declined by 14% to $31.8 million primarily as a result of lower large-frame systems sales and the uncertain current business climate.
  • Gross profit declined by 16% to $13.4 million primarily due to this lower volume, resulting in a one percentage point gross profit margin decline to 42%.
  • Continuing a trend, operating expenses declined by 7% to $16.7 million.
  • Net loss rose by $0.6 million to $3.7 million for the first quarter of 2008.
  • Net loss per share increased by $0.01 to $0.17 for the quarter.

I am deeply disappointed with the revenue decline that we experienced during the first quarter, a decline that impacted our entire operating results for the quarter, said Abe Reichental, President and Chief Executive Officer of 3D Systems.

Operating Highlights

First Quarter of 2008

($ in millions except for per share amounts)

Operating Highlights First Quarter
2008

2007

%

Change

Revenue $ 31.8 $ 36.9 (14 %)
Gross profit $ 13.4 $ 15.9
% of Revenue 42 % 43 % (16 %)
Operating expenses $ 16.7 $ 18.0
% of Revenue 52 % 49 % (7 %)
Operating loss ($3.2 ) ($2.1 )
% of Revenue (10 %) (6 %) 56 %
Net loss ($3.7 ) ($3.1 ) 18 %
Diluted loss per share ($0.17 ) ($0.16 ) 6 %
Unrestricted cash $ 21.9

$29.7

(a)

(26 %)
Depreciation and amortization
$ 1.4 $ 1.8
% of Revenue 4 % 5 % (25 %)

(a) December 31, 2007


1 | 2 | 3 | 4 | 5  Next Page »



Review Article Be the first to review this article
SolidCAM - SolidCAM SEE IT LIVE

Featured Video
Jobs
System Designer/Engineer for Bluewater at Southfield, Michigan
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
Director of Process Engineering. for Tekni-Plex at Toledo, Ohio
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Director, Business Development for Kongsberg Geospatial at remote from home, Any State in the USA
Director, Business Development for Kongsberg Geospatial at Ottawa, Canada
Upcoming Events
Montréal Manufacturing Technology Show (MMTS) 2018 at Place Bonaventure Montréal Canada - May 14 - 16, 2018
ESPRIT World 2018 at Indianapolis Marriott Downtown 350 West Maryland Street Indianapolis IN - Jun 11 - 15, 2018
HxGN LIVE 2018 at The Venetian Las Vegas NV - Jun 12 - 15, 2018
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise