3D Systems reported Q2 2024 financial results, with revenue decreasing 11.7% year-over-year to $113.3 million. The company's net loss narrowed to $27.3 million from $28.9 million in Q2 2023. Products revenue fell 19.6% to $71.7 million, while services revenue rose 6.3% to $41.5 million.The revenue decline was primarily driven by lower printer sales, especially to a key dental industry customer. Materials revenue increased due to normalized sales to this customer. Healthcare Solutions segment revenue dropped 19.7% to $48.9 million, while Industrial Solutions revenue decreased 4.4% to $64.4 million.Despite lower revenue, 3D Systems improved its gross profit margin to 41.6% from 39.0% last year. The company ended the quarter with $192.7 million in cash and cash equivalents, down from $331.5 million at the end of 2023. Management expects continued challenges in the printer market but anticipates materials sales to remain strong for the remainder of 2024.

3D Systems reported Q2 2024 financial results, with revenue decreasing 11.7% year-over-year to $113.3 million. The company's net loss narrowed to $27.3 million from $28.9 million in Q2 2023. Products revenue fell 19.6% to $71.7 million, while services revenue rose 6.3% to $41.5 million.The revenue decline was primarily driven by lower printer sales, especially to a key dental industry customer. Materials revenue increased due to normalized sales to this customer. Healthcare Solutions segment revenue dropped 19.7% to $48.9 million, while Industrial Solutions revenue decreased 4.4% to $64.4 million.Despite lower revenue, 3D Systems improved its gross profit margin to 41.6% from 39.0% last year. The company ended the quarter with $192.7 million in cash and cash equivalents, down from $331.5 million at the end of 2023. Management expects continued challenges in the printer market but anticipates materials sales to remain strong for the remainder of 2024.