3D Systems publishes financial results for the third quarter of 2021

3D Systems released its Q3 2021 financial results. Revenues increased by +14.6% year-on-year to $156.1 million. If the sale of subordinate companies, which took place in both comparable years, is excluded from the settlement, the increase in revenues will already amount to +35.9%. Unfortunately, despite the quite good result, the day after the publication of the report, the company’s shares on the US stock exchange fell by -14% and continued declines in the following days, which shows that investors’ expectations from 3D Systems are higher…

In the industrial sector, revenues increased by +4.0% to $79.7 million, but after deducting amounts from company sales, the increase was +28.1% year-on-year. The same applies to the medical sector, where total revenues increased by +28.3% to $76.4 million, but after business sales, increased by +44.5% year-on-year. The gross profit margin in the third quarter of 2021 was 41.2% compared to 43.1% in the same period last year. Gross profit margin decreased mainly as a result of divestments of enterprises in 2020 and 2021. Excluding the impact of divestments, gross profit margin increased by 80 basis points in the third quarter of 2021 compared to the same period last year.

The company’s operating expenses fell -35.4% to $81.5 million. The lower non-GAAP operating costs reflect the savings achieved through cost restructuring and divestment, partially offset by spending in targeted areas that support future growth.

Source: www.3dsystems.com