NYSE$DDD

3D Systems Corp. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

3D Systems' Q1 2022 results reflected a decrease in revenue due to divestitures, but core business segments showed growth driven by strong demand.

3D Systems reported a revenue decline of 9.0% compared to Q1 2021, primarily due to divestitures. However, adjusted for divestitures, revenue increased by 10%, driven by growth in both Industrial and Healthcare Solutions segments. The company is narrowing its full-year 2022 revenue guidance to a range of $580 million to $625 million.

  • Q1 2022 revenue was $133.0 million, a 9.0% decrease compared to Q1 2021, solely due to divestitures.
  • Adjusted for divestitures, revenue increased 10% compared to Q1 2021.
  • Diluted GAAP loss per share was $0.21, and diluted Non-GAAP loss per share was $0.06.
  • Cash and short-term investments totaled $745.6 million, positioning the company for continued investments in 2022.

Headline financials

Total Revenue

$133M

Previous: $146M-9.0%
EPS (adj)

-$0.06

Previous: $0.17-135.3%
Capital Expenditures

-$4.08M

Previous: -$3.88M-5.2%
Free Cash Flow

-$30.9M

Previous: $41.4M-174.7%
Net Income

-$26.8M

Previous: $45.2M-159.3%
Operating Income

-$23.2M

Previous: -$1.96M-1085.9%
Gross Profit

$53.8M

Previous: $64.2M-16.3%
Cash & Equivalents

$389M

Previous: $132M+193.9%
Total Assets

$1.51B

Previous: $706M+113.5%
Stock-Based Comp

$12.7M

Previous: $11.1M+14.6%

Revenue & EPS history

3D Systems · Revenue · Quarterly

$133M

Q1 2022-9%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

3D Systems · $133M total across 2 segments · Q1 2022

  • Industrial Solutions
    $68.7M
  • Healthcare Solutions
    $64.3M

Forward guidance

3D Systems is narrowing its full-year 2022 guidance and expects revenue to be within a range of $580 million and $625 million. The company expects non-GAAP gross margins to be between 40% to 43% and non-GAAP operating expenses to be between $235 million and $250 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-2.5%

Avg return

Earnings day

-3.7%

Avg return

5 days after

-0.9%

Avg return

30 days after

38%

25 / 65 earnings

Positive

+34.5%

Q2 2018

Best reaction

-27.8%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%+21.9%+16.6%
Q4 2025-1.9%+23.5%-2.0%
Q3 2025-0.8%-13.4%-17.6%
Q1 2025-27.8%-32.5%-31.8%
Q4 2024-21.0%-23.9%-28.7%
Q3 2024-14.0%-13.4%+1.2%
Q2 2024-7.0%-17.0%+25.7%
Q1 2024+0.0%+1.5%+1.2%
Q4 2023-22.2%-18.2%-14.1%
Q3 2023-1.9%-0.7%+40.3%
Q2 2023-12.0%-11.3%-34.8%
Q1 2023-9.4%-10.1%+8.8%
Q4 2022+10.2%+12.9%+1.0%
Q3 2022+4.6%+28.3%+21.8%
Q2 2022-10.7%-1.7%-24.0%
Q1 2022-7.9%-6.0%-0.5%
Q4 2021-1.0%-16.2%-2.2%
Q3 2021-10.3%-20.7%-27.2%
Q2 2021+24.5%+9.0%+12.3%
Q1 2021+25.1%+16.2%+55.4%
Q4 2020-13.0%-36.2%-30.3%
Q3 2020+5.6%+23.7%+77.0%
Q2 2020-8.3%-9.4%-20.9%
Q1 2020-10.4%-11.2%-2.6%
Q4 2019-8.1%-10.1%-30.0%
Q3 2019+8.3%+11.1%-3.1%
Q2 2019-14.3%-13.6%-8.9%
Q1 2019-22.2%-21.2%-23.3%
Q4 2018-14.7%-18.0%-24.4%
Q3 2018-22.7%-17.3%-20.2%
Q2 2018+34.5%+48.9%+39.9%
Q1 2018-10.5%-3.4%+19.7%
Q4 2017+7.0%+0.3%-0.7%
Q3 2017-20.1%-23.9%-25.3%
Q2 2017-21.6%-24.1%-24.8%
Q1 2017-1.5%+16.4%+26.6%
Q4 2016-10.9%-14.2%-12.5%
Q3 2016-4.7%+3.7%+3.6%
Q2 2016+17.1%+26.1%+22.5%
Q1 2016-9.3%
Q4 2015+9.4%
Q3 2015+0.1%
Q2 2015+14.7%
Q1 2015-8.6%
Q4 2014+1.5%
Q3 2014+0.4%
Q2 2014-14.5%
Q1 2014-3.9%
Q4 2013+0.3%
Q3 2013+6.9%
Q2 2013-6.5%
Q1 2013+5.3%
Q4 2012-7.5%
Q3 2012+18.8%
Q2 2012+9.6%
Q1 2011+3.6%
Q1 2012+3.6%
Q4 2009+15.4%
Q4 2011+15.4%
Q1 2010+15.4%
Q3 2011-16.3%
Q3 2010-16.3%
Q2 2011-2.7%
Q2 2010-2.7%
Q4 2010-2.7%

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