3D SYSTEMS Reports 8.5% Decrease in Q2 Revenue for FY2023
August 12, 2023
🌥️Earnings Overview
Results for 3D ($NYSE:DDD) Systems’ fiscal year 2023 second quarter, ended June 30 2023, revealed a total revenue of USD 128.2 million, a decline of 8.5% from the same period in the previous year. Net income saw an improvement from -33.0 million to -28.9 million compared to the year before.
Analysis
GoodWhale conducted an analysis of 3D SYSTEMS‘s fundamentals and found that the company has an intermediate health score of 4/10 based on its cashflows and debt, indicating that it is likely to sustain future operations in times of crisis. 3D SYSTEMS is classified as an “elephant”, a type of company that we conclude is rich in assets after deducting off liabilities. Therefore, investors that are interested in companies with strong asset bases, such as 3D SYSTEMS, may find this company attractive due to its potential for growth and stability. In terms of other factors, 3D SYSTEMS is strong in some areas, such as asset distribution, and medium in others, such as profitability and dividend yield. However, the company is weak in terms of dividend and growth. Nonetheless, the promising balance between strong and weak points suggests that 3D SYSTEMS may be an interesting prospect for investors looking to diversify their portfolios. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for 3d Systems. More…
| Total Revenues | Net Income | Net Margin |
| 514.41 | -121.27 | -23.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 3d Systems. More…
| Operations | Investing | Financing |
| -78.08 | 279.32 | -6.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for 3d Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.43k | 718.74 | 5.33 |
Key Ratios Snapshot
Some of the financial key ratios for 3d Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.2% | -9.0% | -24.4% |
| FCF Margin | ROE | ROA |
| -19.9% | -10.9% | -5.5% |
Peers
The company operates through two segments: 3D Printing and Additive Manufacturing. It serves customers in a range of industries, including healthcare, aerospace and defense, automotive, and consumer products. The company was founded in 1986 and is headquartered in Rock Hill, South Carolina. MGI Digital Graphic Technology SA is a French company that develops, manufactures, and markets digital printing systems. The company was founded in 1982 and is headquartered in Bordeaux, France. Fathom Digital Manufacturing Corp is a 3D printing and digital manufacturing company. The company was founded in 2013 and is headquartered in Oakland, California. HiTi Digital Inc is a Taiwanese company that designs, manufactures, and markets digital color printers and photo kiosks. The company was founded in 1991 and is headquartered in Taipei, Taiwan.
– MGI Digital Graphic Technology SA ($OTCPK:FRIIF)
MGI Digital Graphic Technology SA is a provider of digital printing and finishing solutions. The company operates through three segments: Digital Printing, Post-Press, and Software & Solutions. It offers a range of digital presses, cutters, and finishing equipment. The company also provides software solutions for the graphic arts industry. MGI Digital Graphic Technology SA was founded in 1930 and is headquartered in Rousset, France.
– Fathom Digital Manufacturing Corp ($NYSE:FATH)
Fathom is a digital manufacturing company that helps businesses make products faster and more efficiently. The company has a market cap of 152.14 million and a return on equity of 6.04%. Fathom’s technology enables businesses to streamline their manufacturing processes and reduce production costs. The company’s products are used by a variety of industries, including automotive, aerospace, consumer goods, and healthcare.
– HiTi Digital Inc ($TWSE:3494)
HTC is a Taiwanese consumer electronics company headquartered in Xindian District, New Taipei City, Taiwan. Founded in 1997, HTC began as an original design manufacturer and original equipment manufacturer, designing and manufacturing laptop computers. In 1998, HTC started selling its own branded devices, starting with the Pocket PC. The company has a market cap of 1.08B as of 2022 and a Return on Equity of -23.92%. HTC designs and manufactures smartphones and tablets. The company’s product portfolio includes the HTC One and Desire lines of smartphones, the HTC One X+ and HTC One mini tablets, and the HTC Butterfly smartphone.
Summary
3D Systems‘ second-quarter earnings results for FY2023 showed total revenue of USD 128.2 million, a decrease of 8.5% from the same period in 2022.
However, the company reported a net income of USD -28.9 million, which marked an improvement from the prior year’s figure of -33.0 million. In response, the stock price dropped the same day. As a result, investors should consider 3D Systems’ quarterly performance when making decisions about investing in the company. Analysts must also take into account factors such as management decisions, competition in the industry, and the overall health of the economy when evaluating 3D Systems’ stock.
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