Summary by Futu AI
3D Systems reported Q1 2025 revenue of $94.5 million, down 8% YoY, as growth in hardware systems was offset by declining materials sales. Healthcare Solutions revenue fell 9% to $41.3 million, while Industrial Solutions decreased 7% to $53.2 million. Gross profit margin declined to 34.6% from 39.8% in the prior year period.The company announced an additional cost reduction initiative targeting $20 million in savings for 2025, aimed at aligning organizational capacity with current demand. This follows the previously announced $50 million cost savings plan proceeding on schedule. The company's cash position was significantly strengthened by the April sale of its Geomagic portfolio, which added over $100 million post-tax to reserves.Due to ongoing uncertainty in customer capital spending and potential tariff impacts, 3D Systems withdrew its full-year 2025 guidance. The company ended Q1 with $135 million in cash and cash equivalents, down $36.3 million from December 2024, primarily due to $33.8 million cash used in operations and $2.8 million in capital expenditures.
