3D Systems Reports Third Quarter 2020 Financial Results

ROCK HILL, S.C., Nov. 05, 2020 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the third quarter ended September 30, 2020.

Third Quarter Financial and Operational Results

  • Q3 2020 GAAP revenue of $135.1 million, compared to $155.3 million in Q3 2019 and $112.1 million in Q2 2020
  • Q3 2020 GAAP loss of $0.61 per share compared to a loss of $0.15 per share in Q3 2019; Included in the third quarter 2020 net loss was a $48.3 million ($0.41 per share) pre-tax non-cash goodwill impairment charge
  • Q3 2020 Non-GAAP loss of $0.03 per share compared to a loss of $0.04 per share in Q3 2019 and a loss of $0.13 per share in Q2 2020
  • Q3 2020 Non-GAAP operating income was break-even
  • $25 million of equity was issued in Q3 2020 under the company's at-the-market equity program; none is expected to be issued in Q4 2020
     
   Quarter Ended September 30,  Nine Months Ended September 30,
(in millions, expect per share data)  2020  2019  2020  2019
Revenue $135.1  $155.3  $381.9  $464.5 
Operating loss $(67.6) $(11.9) $(119.7) $(52.4)
Net Loss $(72.9) $(16.8) $(129.8) $(65.0)
Basic and Diluted Loss per Share $(0.61) $(0.15) $(1.12) $(0.57)
         
Non-GAAP measures for year-over-year comparisons (1)        
Non-GAAP operating income (loss) $     $ (0.3 )   $ (15.8 )   $ (4.4 )
Non-GAAP loss   $ (4.1 )   $ (4.5 )   $ (23.7 )   $ (15.1 )
Non-GAAP Basic and Diluted Loss per Share   $ (0.03 )   $ (0.04 )   $ (0.20 )   $ (0.13 )

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