3D Systems Corp Q1 2024 10-Q Filing
Ticker: DDD · Form: 10-Q · Filed: Aug 20, 2024 · CIK: 910638
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
**3D Systems Corp Q1 2024 10-Q filed. Financials and operations detailed.**
AI Summary
3D Systems Corp filed a 10-Q for the period ending March 31, 2024. The filing details financial performance and operational updates for the first quarter of 2024. Specific financial figures and segment performance are presented, reflecting the company's ongoing business activities.
Why It Matters
This filing provides investors and analysts with a detailed look at 3D Systems Corp's financial health and operational performance during the first quarter of 2024, influencing investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings inherently carry medium risk due to the detailed financial disclosures which can reveal performance trends and potential challenges.
Key Numbers
- Q1 2024 — Reporting Period (First quarter financial performance is detailed.)
- 2024-03-31 — As of Date (End of the reporting period for the 10-Q.)
Key Players & Entities
- 3D Systems Corp (company) — Filer of the 10-Q
- 20240331 (date) — End of reporting period
- 20240820 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the first quarter of 2024, ending on March 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed with the SEC on August 20, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0000910638.
What is the Standard Industrial Classification (SIC) code for 3D Systems Corp?
The Standard Industrial Classification (SIC) code for 3D Systems Corp is 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
What is the company's state of incorporation?
3D Systems Corp is incorporated in Delaware (DE).
Filing Stats: 4,600 words · 18 min read · ~15 pages · Grade level 18.9 · Accepted 2024-08-20 16:34:20
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share DDD New York Stock Exchange
Filing Documents
- ddd-20240331.htm (10-Q) — 1136KB
- ddd-2024_03x31exx311.htm (EX-31.1) — 11KB
- ddd-2024_03x31exx312.htm (EX-31.2) — 11KB
- ddd-2024_03x31exx321.htm (EX-32.1) — 5KB
- ddd-2024_03x31exx322.htm (EX-32.2) — 5KB
- ddd-20240331_g1.jpg (GRAPHIC) — 13KB
- 0000910638-24-000035.txt ( ) — 7069KB
- ddd-20240331.xsd (EX-101.SCH) — 53KB
- ddd-20240331_cal.xml (EX-101.CAL) — 76KB
- ddd-20240331_def.xml (EX-101.DEF) — 283KB
- ddd-20240331_lab.xml (EX-101.LAB) — 679KB
- ddd-20240331_pre.xml (EX-101.PRE) — 486KB
- ddd-20240331_htm.xml (XML) — 833KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements 3
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 27
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 43
Controls and Procedures
Item 4. Controls and Procedures 43
- OTHER INFORMATION
PART II - OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 43
Risk Factors
Item 1A. Risk Factors 43
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 44
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 44
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 44
Other Information
Item 5. Other Information 44
Exhibits
Item 6. Exhibits 44 2
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. 3D SYSTEMS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands, except par value) March 31, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 212,040 $ 331,525 Accounts receivable, net of reserves — $ 3,090 and $ 3,389 102,792 101,497 Inventories 145,628 152,188 Prepaid expenses and other current assets 45,405 42,612 Total current assets 505,865 627,822 Property and equipment, net 60,568 64,461 Intangible assets, net 60,118 62,724 Goodwill 114,559 116,082 Operating lease right-of-use assets 56,010 58,406 Finance lease right-of-use assets 12,046 12,174 Long-term deferred income tax assets 3,292 4,230 Other assets 44,778 44,761 Total assets $ 857,236 $ 990,660 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY Current liabilities: Current operating lease liabilities $ 9,877 $ 9,924 Accounts payable 40,407 49,757 Accrued and other liabilities 50,328 49,460 Customer deposits 6,463 7,599 Deferred revenue 38,844 30,448 Total current liabilities 145,919 147,188 Long-term debt, net of deferred financing costs 211,054 319,356 Long-term operating lease liabilities 54,857 56,795 Long-term deferred income tax liabilities 4,835 5,162 Other liabilities 30,240 33,400 Total liabilities 446,905 561,901 Commitments and contingencies (Note 16) Redeemable non-controlling interest 1,966 2,006 Stockholders' equity: Common stock, $ 0.001 par value, authorized 220,000 shares; shares issued 133,803 and 133,619 as of March 31, 2024 and December 31, 2023, respectively 134 134 Additional paid-in capital 1,582,325 1,577,519 Accumulated deficit ( 1,122,651 ) ( 1,106,650 ) Accumulated other comprehensive loss ( 51,443 ) ( 44,250 ) Total stockholders' equity 408,365 426,753 Total liabilities, redeemable non-controlling interest and stockholders' equity $ 857,236 $ 990,660 See accompanying notes to condensed consolidated financial statements. 3 3D SYSTEMS