Summary by Futu AI
3D Systems reported Q1 2025 revenue of $94.5 million, down 8.1% compared to $102.9 million in Q1 2024. The decline was primarily driven by lower product revenue of $54.7 million, down 14.6% year-over-year, while services revenue increased 2.5% to $39.8 million. The company posted a net loss of $37.0 million compared to a $16.0 million loss in the prior year period.Healthcare Solutions revenue decreased 9.0% to $41.3 million due to lower dental market sales, while Industrial Solutions revenue fell 7.4% to $53.2 million on reduced materials sales. Gross profit declined 20.1% to $32.7 million, with operating expenses decreasing by $11.3 million through cost reduction initiatives. The company ended the quarter with $135.0 million in cash and cash equivalents.In March 2025, 3D Systems announced a new restructuring plan expected to cost $12-20 million through Q2 2026. The company completed the sale of its Geomagic software business to Hexagon AB for $119.4 million in April 2025, with an estimated pre-tax gain of $125 million to be recorded in Q2 2025. Additional cost reduction initiatives focused on workforce reductions were announced in May 2025.
