3D Systems quarterly report delayed again
The Atomic Layers: S4E17 (00103)
Atomic Layer of the Day:
3D Systems is once again facing challenges with the timely publication of its quarterly report. This time, the financial report for the third quarter of 2024 has not been released due to the need for an additional, unplanned valuation of the company’s goodwill and long-lived assets.
The company stated that this was necessary due to market changes and weak stock performance as of the end of September 2024. This process, typically conducted in the fourth quarter, was expedited, requiring additional effort and causing delays in finalizing the report.
For now, 3D Systems has announced that it expects third-quarter 2024 revenues to be approximately $113 million, representing a decline of $10.9 million compared to $123.8 million in the third quarter of 2023. The decrease is attributed to a drop in machine sales, though revenues from consumable materials have increased, showing a +10% year-over-year growth and a +9% sequential increase from the previous quarter.
The full financial results for the third quarter of 2024 are expected to be announced in the final week of November.
Atomic Layer from the Past:
11-17-2015: EOS launched its smallest, compact 3D metal printer – the M 100.
Atomic News & Gossips:
Stratasys did not report any extraordinary quarterly results—revenues fell again, although the company managed to reduce (but not eliminate) its losses. Nevertheless, the stock market interpreted this as a success, and Stratasys' share price increased by +20%. The current market valuation is $661 million.
I haven’t mentioned this earlier, but Prusa will showcase an updated Pro SLX resin 3D printer at Formnext.
In my homeland - Poland, serious things are also being 3D printed in concrete! Holcim Polska completed the first 3D-printed concrete water tank. Yeah!