3D Systems Q1 Revenue $95.5M Up 11% Ex-Divestitures, Adjusted EBITDA $2.1M
3D Systems posted Q1 revenue of $95.5 million, rising 1% year-over-year and 11% excluding divestitures, driven by 21% Healthcare Solutions growth and double-digit gains in Dental, MedTech and Aerospace & Defense. GAAP EPS loss narrowed to $(0.03) and Adjusted EBITDA reached $2.1 million, with gross margin rising to 35.9%.
1. Q1 Financial Highlights
Revenue for the quarter was $95.5 million, up 1% year-over-year and 11% excluding divestitures, with gross margin improving to 35.9% and non-GAAP margin at 36.1%.
2. Segment Performance
Healthcare Solutions revenue grew approximately 21% to $50.1 million, driven by strong Dental and MedTech demand, while Industrial Solutions revenue was $45.4 million, down 15% but up 2% on a like-for-like basis excluding sold units.
3. Profitability and Outlook
GAAP EPS loss narrowed to $(0.03) and non-GAAP EPS loss to $(0.01), Adjusted EBITDA turned positive at $2.1 million, and management aims for full-year EBITDA break-even through disciplined cost management and continued market investments.
4. Liquidity Position
At March 31, cash and equivalents totaled $85.1 million with overall cash at $86.5 million and $3.9 million of debt principal scheduled, supporting ongoing R&D and operational priorities.