3D Systems Corp. Files Q2 2024 10-Q
Ticker: DDD · Form: 10-Q · Filed: Aug 29, 2024 · CIK: 910638
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
**3D Systems Q2 10-Q filed. Financials and operations detailed.**
AI Summary
3D Systems Corp. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Key financial figures and business segment information are presented, reflecting the company's ongoing activities in the 3D printing industry.
Why It Matters
This filing provides investors and analysts with the latest financial health and operational performance of 3D Systems Corp., crucial for understanding its market position and future prospects.
Risk Assessment
Risk Level: medium — The company operates in a dynamic and competitive industry, subject to technological advancements and market demand fluctuations.
Key Numbers
- 2024-06-30 — End of Period (Quarterly financial reporting)
- 2024-08-29 — Filing Date (Date the report was submitted)
Key Players & Entities
- 3D Systems Corp. (company) — Filer of the 10-Q
- 20240630 (date) — End of reporting period
- 20240829 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 29, 2024.
What is the company's Central Index Key (CIK)?
The Central Index Key for 3D Systems Corp. is 0000910638.
What is the company's Standard Industrial Classification (SIC) code?
The SIC code for 3D Systems Corp. is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
What is the company's state of incorporation?
3D Systems Corp. is incorporated in Delaware (DE).
Filing Stats: 4,714 words · 19 min read · ~16 pages · Grade level 18.8 · Accepted 2024-08-29 16:31:54
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share DDD New York Stock Exchange
Filing Documents
- ddd-20240630.htm (10-Q) — 1608KB
- ddd-2024_06x30exx311.htm (EX-31.1) — 11KB
- ddd-2024_06x30exx312.htm (EX-31.2) — 11KB
- ddd-2024_06x30exx321.htm (EX-32.1) — 5KB
- ddd-2024_06x30exx322.htm (EX-32.2) — 5KB
- ddd-20240630_g1.jpg (GRAPHIC) — 13KB
- 0000910638-24-000041.txt ( ) — 8203KB
- ddd-20240630.xsd (EX-101.SCH) — 54KB
- ddd-20240630_cal.xml (EX-101.CAL) — 76KB
- ddd-20240630_def.xml (EX-101.DEF) — 286KB
- ddd-20240630_lab.xml (EX-101.LAB) — 706KB
- ddd-20240630_pre.xml (EX-101.PRE) — 493KB
- ddd-20240630_htm.xml (XML) — 1092KB
- 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 29
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 52
Controls and Procedures
Item 4. Controls and Procedures 53
- OTHER INFORMATION
PART II - OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 53
Risk Factors
Item 1A. Risk Factors 53
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 55
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 55
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 55
Other Information
Item 5. Other Information 55
Exhibits
Item 6. Exhibits 55 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) June 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 192,732 $ 331,525 Accounts receivable, net of reserves — $ 3,089 and $ 3,389 97,447 101,497 Inventories 141,743 152,188 Prepaid expenses and other current assets 41,769 42,612 Total current assets 473,691 627,822 Property and equipment, net 60,267 64,461 Intangible assets, net 58,276 62,724 Goodwill 114,070 116,082 Operating lease right-of-use assets 53,547 58,406 Finance lease right-of-use assets 11,733 12,174 Long-term deferred income tax assets 3,474 4,230 Other assets 46,429 44,761 Total assets $ 821,487 $ 990,660 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY Current liabilities: Current operating lease liabilities $ 9,481 $ 9,924 Accounts payable 41,272 49,757 Accrued and other liabilities 45,282 49,460 Customer deposits 7,456 7,599 Deferred revenue 33,580 30,448 Total current liabilities 137,071 147,188 Long-term debt, net of deferred financing costs 211,368 319,356 Long-term operating lease liabilities 52,536 56,795 Long-term deferred income tax liabilities 4,725 5,162 Other liabilities 32,043 33,400 Total liabilities 437,743 561,901 Commitments and contingencies (Note 16) Redeemable non-controlling interest 2,015 2,006 Stockholders' equity: Common stock, $ 0.001 par value, authorized 220,000 shares; shares issued 133,587 and 133,619 as of June 30, 2024 and December 31, 2023, respectively 134 134 Additional paid-in capital 1,584,145 1,577,519 Accumulated deficit ( 1,149,909 ) ( 1,106,650 ) Accumulated other comprehensive loss ( 52,641 ) ( 44,250 ) Total stockholders' equity 381,729 426,753 Total liabilities, redeemable non-controlling interest and stockholders' equity $ 821,487 $ 990,660 See accompanying notes to condensed consolidated financial statements. 3 3D SYSTEMS CO