3D Systems -2.9% after Q1 report, guidance reiteration; Stratasys -1.7%

3D Systems (DDD) is reiterating full-year guidance for revenue of $680M-$720M and EPS of $0.73-$0.85; the consensus is at $701.1M and $163.2M.

Gross margin (a concern as of late) fell 60 bps Q/Q and 130 bps Y/Y in Q1 to 51.5%; 3D attributes the decline to a larger printer mix. As promised, 3D is ramping its internal investments: SG&A spend rose 65% to $48.7M, and R&D spend 164% to $17.3M.

Product revenue (inc. printers) rose 53% Y/Y to $60.8M after growing 76% in Q4. Print materials grew 41% (to $40.4M) vs. 39% in Q4, and services 38% (to $46.6M) vs. 33%.

Design/manufacturing printer sales rose 76% Y/Y (mix shift towards cheaper printers?), and quarter-ending backlog totaled $28.8M. Consumer revenue rose 150% to $9.7M (6.5% of total revenue).

Rival Stratasys (SSYS), which reports on May 9, is joining 3D Systems in trading lower.

Q1 results, PR

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  • 13519842
    , contributor
    Comments (7) | Send Message
    Recent public Quote from DDD CEO


    "We believe that 3D Printing is on the cusp of accelerated design and manufacturing adoption, and the ultimate measure of our success will be the value we create from our market share and scale gains over time. While our stepped up strategy and investments continue to pressure our quarterly earnings, we believe that our actions set the stage to substantially compress the time required to deliver greater value. Accordingly, we expect operating leverage to resume in the second half of 2015 and be fully restored the following year," concluded Reichental.
    30 Apr 2014, 05:46 AM Reply Like
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