3D SYSTEMS Reports Third Quarter Fiscal Year 2023 Earnings Results on November 8, 2023
December 4, 2023
🌥️Earnings Overview
On November 8 2023, 3D SYSTEMS ($NYSE:DDD) reported their earnings results for the third quarter of the fiscal year 2023, ending on September 30 2023. The company’s total revenue had decreased by 6.4%, to a total of USD 123.8 million, year over year. Net income was significantly better than the previous year’s figure of -37.4 million, standing at USD -11.7 million.
Stock Price
The stock opened at $4.5 and closed at $4.3, up by 2.6% from its prior closing price of 4.2, indicating a positive market sentiment. 3D SYSTEMS has made great progress and is expected to further strengthen its capability with the launch of its new products this year. The company is currently expanding its 3D printing solutions to more industries, including healthcare and aerospace. The potential of 3D printing technology has been recognized by investors, who are betting on the stock. 3D SYSTEMS has also seen significant improvement in operational metrics such as cash flows from operations and capital expenditures.
The company is well-positioned to capitalize on the growth opportunity ahead, as it is equipped with innovative solutions and strong financials. With the optimistic outlook for fiscal year 2023, the stock may offer investors a good long-term investment opportunity. Live Quote…
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 |
| 505.95 | -95.43 | -15.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for 3d Systems. More…
| Operations | Investing | Financing |
| -89.47 | 196.45 | -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 |
| 1.39k | 691.29 | 5.24 |
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 |
| -2.5% | -9.0% | -18.4% |
| FCF Margin | ROE | ROA |
| -22.6% | -8.2% | -4.2% |
Analysis
GoodWhale has completed an assessment of 3D SYSTEMS‘ fundamentals and concluded that 3D SYSTEMS is strong in terms of asset, medium in terms of profitability and weak in terms of dividend and growth. Based on this assessment, 3D SYSTEMS can be classified as an ‘elephant’, a type of company which is rich in assets after deducting off liabilities. We believe that investors interested in the long-term potential of 3D SYSTEMS should take the time to evaluate the company’s financial health. According to our analysis, 3D SYSTEMS has an intermediate health score of 4/10 with regard to its cashflows and debt, suggesting that the company is likely to sustain future operations in times of crisis. More…
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 experienced a decline in total revenue in the third quarter of the fiscal year 2023, resulting in a net loss of USD 11.7 million. However, this was an improvement from the previous year of -37.4 million. Analysts believe that the company’s turnaround strategy has been showing signs of progress, and investors should keep a close eye on the performance of the company in the coming quarters to gauge its potential for long-term growth.
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