3D Systems Reports First Quarter 2014 Financial Results

3D Systems Reports First Quarter 2014  Financial Results
0 comments, 30/04/2014, by , in News

-Increased demand across the board for products and services was led by
a 76% unit sales growth of design and manufacturing 3D printers
-Higher placement of advanced 3D printers accelerated the growth rate of
materials to 41%, delivering a record $40 million of revenue

ROCK HILL, South Carolina – April 29, 2014 – 3D Systems Corporation (NYSE:
DDD) announced today that its first quarter revenue grew 45% from the prior year to
$147.8 million on 28% overall organic growth, resulting in GAAP earnings of $0.05
per share and non-GAAP earnings of $0.15 per share for the first quarter.
“Our first quarter results reflect expanding demand across all of our revenue categories,
led by strong 76% unit sales growth of design and manufacturing printers, and the
ongoing placement of manufacturing printers that continued to increase the growth rate
of materials,” said Avi Reichental, 3DS’ President and Chief Executive Officer.

First Quarter 2014 Revenue Highlights (compared to first quarter 2013):
 3D printers and other products revenue increased 53% to $60.8 million.
 Print materials revenue grew 41% to $40.4 million.
 Services revenue rose 38% to $46.6 million.
 Healthcare revenue increased 53% to $21.7 million.
 Consumer revenue expanded 150% to $9.7 million.

The company exited the quarter with $28.8 million of backlog. The March 2014
backlog included $17.9 million of printer orders, in part reflecting increased demand
for the company’s Direct Metal 3D printers, which continues to outstrip
manufacturing capacity.

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