{"id":68493,"date":"2019-07-29T13:10:45","date_gmt":"2019-07-29T05:10:45","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/full-3d-systems-financial-results-exceed-expectations-for-2017.3dm"},"modified":"2019-07-29T13:10:45","modified_gmt":"2019-07-29T05:10:45","slug":"full-3d-systems-financial-results-exceed-expectations-for-2017","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/full-3d-systems-financial-results-exceed-expectations-for-2017\/","title":{"rendered":"Full 3D Systems financial results exceed expectations for 2017"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">144<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">124<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">20<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>3D Systems (NYSE:DDD) has reported its fourth quarter and full year financial results for 2017 after a delay to account for product warranty revenue and costs.<\/p>\n<p>Headline revenues for Q4 and FY2017, and GAAP loss exceed minimum expectations for the period.<\/p>\n<p>3D Systems CEO Vyomesh Joshi (VJ), asserts, &#8220;We made significant progress in 2017 to stabilize and turn around the company, and we put in place the foundation for scalable growth.&#8221;<\/p>\n<blockquote>\n<p>&#8220;This is a multi-year transformation process, but we are pleased with the progress we have made thus far to position the company for long-term growth and profitability.&#8221;<\/p>\n<\/blockquote>\n<figure id=\"attachment_95622\" style=\"width: 659px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-95622\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/09\/Captura-de-pantalla-2016-09-13-a-las-12.47.51.png\" alt=\"Vyomesh Joshi onstage during IMTS 2016, putting the customer at the center of strategy. Photo by Michael Petch\" width=\"659\" height=\"467\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/09\/Captura-de-pantalla-2016-09-13-a-las-12.47.51.png 659w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/09\/Captura-de-pantalla-2016-09-13-a-las-12.47.51-200x142.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/09\/Captura-de-pantalla-2016-09-13-a-las-12.47.51-500x354.png 500w\" sizes=\"(max-width: 659px) 100vw, 659px\" \/><figcaption class=\"wp-caption-text\">Vyomesh Joshi onstage during IMTS 2016, putting the customer at the center of strategy. Photo by Michael Petch<\/figcaption><\/figure>\n<p><strong>Headline revenues<\/strong><\/p>\n<p>Revenue for Q4 2017 was reported at $177.3 million, accounting for $102.3 million for sale of Products, and $75 million in 3D Services. In comparison with Q4 2016, revenue for Q4 2017 had increased by 7% from $165.9 million.<\/p>\n<p>Full year results were anticipated to show increase in revenue of 2%, between $645 million and $647 million. Actual figures reported FY2017 revenue at $646.1 million, confirming a 2% increase on $633.0 million in 2016.<\/p>\n<p>In Q4 2017 the company reported a GAAP loss of $0.08 per share equating to a GAAP loss of $0.59 per share for the full year 2017, compared to a $0.35 loss per share for FY2016.<\/p>\n<p><strong>Driving the shift to 3D prodcution<\/strong><\/p>\n<p>Key to success is the company&#8217;s investment in &#8220;organizational and operational improvements.&#8221; According to John McMullen, executive vice president and CFO of 3D Systems, this includes implemented solutions to improve IT infrastructure and supply chain optimization.<\/p>\n<p>The news was well received by the financial markets with an initial 11% increase in 3D Systems\u2019 stock price.<\/p>\n<p>VJ concludes, &#8220;We are focused on execution, driving operational efficiencies and bringing our new innovative and disruptive products to market to drive the shift to 3D production.&#8221;<\/p>\n<p>The Consolidated Statements of Operations for 3D Systems in Q4 and FY 2017 can be found below, along with the Condensed Consolidated Statements of Cash Flows. The full report from 3D Systems can be found online here.<\/p>\n<figure id=\"attachment_130485\" style=\"width: 960px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-130485 size-full\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/table-2.png\" alt=\"Consolidated Statements of Operations Q4\/FY2017. Image via 3D Systems\" width=\"960\" height=\"911\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/table-2.png 960w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/table-2-80x75.png 80w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/table-2-770x731.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/table-2-200x190.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/table-2-500x474.png 500w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><figcaption class=\"wp-caption-text\">Consolidated Statements of Operations Q4\/FY2017. Image via 3D Systems<\/figcaption><\/figure>\n<figure id=\"attachment_130486\" style=\"width: 960px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-130486 size-full\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/table-3.png\" alt=\"Q4\/FY 2017 Condensed Consolidated Statements of Cash Flows. Image via 3D Systems\" width=\"960\" height=\"926\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/table-3.png 960w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/table-3-770x743.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/table-3-200x193.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/03\/table-3-500x482.png 500w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><figcaption class=\"wp-caption-text\">Q4\/FY 2017 Condensed Consolidated Statements of Cash Flows. Image via 3D Systems<\/figcaption><\/figure>\n<p><i>For all the latest 3D printing financial news and analysis subscribe subscribe to our <\/i><i>free newsletter<\/i><i>, follow  Industry on <\/i><i>Twitter<\/i><i>, and like us on <\/i><i>Facebook<\/i><i>.<\/i><\/p>\n<p><i>Protolabs<\/i><i> is sponsoring the <\/i><i>2018 <a href=\"\/service\/3d-printing\"> Industry Awards design competition<\/i><i>. Submit your design now to win a 3D printer.<\/i><\/p>\n<p><em>Adjudicate the technologies of the year in the 2018 <a href=\"\/service\/3d-printing\"> Industry Awards<\/a>. <\/em><\/p>\n<p><em>Looking for a new career move? Find 3D printing jobs here.<\/em><\/p>\n<p><em>Featured image shows 3D Systems Figure 4 3D printer. Photo by Michael Petch.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>144shares 124 20 0 3D Systems (NYSE:DDD) has reported its fourth quarter and full year financial results for 2017 after a delay to account for product warranty revenue and costs. Headline revenues for Q4 and FY2017, and GAAP loss exceed minimum expectations for the period. 3D Systems CEO Vyomesh Joshi (VJ), asserts, &#8220;We made significant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182553,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2016\/09\/Captura-de-pantalla-2016-09-13-a-las-12.47.51.png","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170],"class_list":["post-68493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Full 3D Systems financial results exceed expectations for 2017 - 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