3D Systems Reports Second Quarter 2020 Financial Results

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

Second Quarter Financial and Operational Results

  • Reorganizing to focus on two market verticals — Healthcare and Industrial
  • Restructuring to reduce operating costs by $100 million per year
  • Q2 2020 GAAP revenue of $112.1 million, compared to $157.3 million in Q2 2019
  • Q2 2020 GAAP loss of $0.33 per share compared to a loss of $0.21 per share in Q2 2019
  • Q2 2020 Non-GAAP loss of $0.13 per share compared to $0.00 per share in Q2 2019
   Quarter Ended June 30,  Six Months Ended June 30,
(in millions, expect per share data)  2020  2019  2020  2019
Revenue $112.1   $157.3   $246.8   $309.3  
Operating loss $(33.9) $(19.2) $(52.1) $(40.5)
Net Loss $(38.0) $(23.9) $(56.9) $(48.3)
Basic and Diluted Loss per Share $(0.33) $(0.21) $(0.49) $(0.43)
         
Non-GAAP measures for year-over-year comparisons (1)        
Non-GAAP operating income (loss) $(10.8) $2.4   $ (15.9 )   $ (4.2 )
Non-GAAP loss   $ (15.1 )   $ (0.6 )   $ (19.6 )   $ (10.7 )
Non-GAAP Basic and Diluted Loss per Share   $ (0.13 )   $ —      $ (0.17 )   $ (0.09 )

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