3D Systems Reports First Quarter 2021 Financial Results

ROCK HILL, S.C., May 10, 2021 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the first quarter ended March 31, 2021.

First Quarter Financial and Operational Results

  • Q1 2021 revenue increased by 7.7% to $146.1 million, compared to $135.6 million in Q1 2020
  • Organic revenue growth, which excludes businesses divested in 2020, was 16.6% for Q1 2021 compared to Q1 2020
  • Q1 2021 gross margins of 44.0% compared to gross margins of 42.1% in Q1 2020
  • Q1 2021 GAAP earnings of $0.36 per diluted share compared to a loss of $0.17 per share in Q1 2020
  • Q1 2021 Non-GAAP earnings of $0.17 per diluted share compared to a loss of $0.04 per share in Q1 2020
  • GAAP operating loss of $2.0 million and GAAP net income of $45.2 million
  • Strong revenue growth and cost improvements drove adjusted EBITDA margins of 13.6% and positive operating cash flow of $28.5 million
   Quarter Ended March 31,
(in millions, expect per share data)  2021  2020
Revenue $146.1  $135.6 
Operating loss $(2.0) $(18.2)
Net income (loss) $45.2  $(18.9)
Net income (loss) per share - basic $0.37  $(0.17)
Net income (loss) per share - diluted $0.36  $(0.17)
     
Non-GAAP measures for year-over-year comparisons (1)  
Non-GAAP operating income (loss) $13.1  $(5.0)
Non-GAAP net income (loss) $20.9  $(4.5)
Non-GAAP income (loss) per share - basic $0.17  $(0.04)
Non-GAAP income (loss) per share - diluted $0.17     $ (0.04 )
Adjusted EBITDA   $ 19.8     $ 2.2  

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