3D Systems records a 44% increase in revenues in Q2 2021.

3D Systems announced its financial results for the second quarter of 2021, reporting revenues of $ 162.6 million, which is 44.1% growth on a quarterly basis – year-on-year. The achieved financial result was also 11.4% higher than in the second quarter of 2019, which shows that the company not only recovered from last year’s collapse resulting from the COVID-19 pandemic, but is improving its condition in general.

The reported increase in revenues has a longer history – compared to the first quarter of this year, 3D Systems achieved an increase of 11.3%. The driving force behind sales are products offered to the broadly understood healthcare and industrial customers, who have always been the main recipient of the company’s solutions.

Revenues from the sale of solutions for the medical industry amounted to USD 82.8 million, which is an increase of 68.6% compared to the same accounting period last year and 14.2% compared to the previous quarter of 2021. It is worth noting that the revenues from the medical sector account for over 50% of the total financial result of 3D Systems!

The second quarter of this year. it also provided positive operating cash flow of $ 13.5 million. At the same time, the recently announced contracts for the sale of the company’s remaining non-core assets are to be finalized only in the third quarter of the year. Following the closing of the transaction, 3D Systems assumes that its balance sheet cash will increase from $ 131.8 million to over $ 500 million.

Source: www.3dsystems.com