3D Systems reported Q3 2024 revenue of $112.9M, down 8.8% YoY from $123.8M, with products revenue declining 9.3% to $73.0M and services revenue falling 7.8% to $40.0M. Gross profit margin decreased to 36.9% from 44.7% in Q3 2023, primarily due to unfavorable manufacturing variances and higher inventory provisions.The company recorded significant asset impairment charges of $143.7M, including $101.4M goodwill impairment and $42.3M in other asset write-downs, driven by declining stock price and reduced long-term cash flow forecasts. Operating loss widened to $180.8M from $13.6M last year, while net loss attributable to 3D Systems increased to $178.6M from $11.7M.Healthcare Solutions revenue grew 5.0% YoY to $55.1M on higher dental materials sales, while Industrial Solutions revenue fell 18.9% to $57.9M due to weaker printer and materials demand. The company ended Q3 with $190.0M cash and equivalents, down from $331.5M at 2023 year-end, after repurchasing $110.5M of convertible notes for $87.2M during Q1 2024.

3D Systems reported Q3 2024 revenue of $112.9M, down 8.8% YoY from $123.8M, with products revenue declining 9.3% to $73.0M and services revenue falling 7.8% to $40.0M. Gross profit margin decreased to 36.9% from 44.7% in Q3 2023, primarily due to unfavorable manufacturing variances and higher inventory provisions.The company recorded significant asset impairment charges of $143.7M, including $101.4M goodwill impairment and $42.3M in other asset write-downs, driven by declining stock price and reduced long-term cash flow forecasts. Operating loss widened to $180.8M from $13.6M last year, while net loss attributable to 3D Systems increased to $178.6M from $11.7M.Healthcare Solutions revenue grew 5.0% YoY to $55.1M on higher dental materials sales, while Industrial Solutions revenue fell 18.9% to $57.9M due to weaker printer and materials demand. The company ended Q3 with $190.0M cash and equivalents, down from $331.5M at 2023 year-end, after repurchasing $110.5M of convertible notes for $87.2M during Q1 2024.