3D Systems Corp Files Q3 2024 10-Q
Ticker: DDD · Form: 10-Q · Filed: Nov 26, 2024 · CIK: 910638
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
**3D Systems Corp Q3 2024 10-Q filed. Financials updated.**
AI Summary
3D Systems Corp filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter of 2024 and provides financial updates. Key financial data and operational details are presented for the period.
Why It Matters
This filing provides investors and analysts with the latest financial performance and operational status of 3D Systems Corp, crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: medium — 10-Q filings are standard disclosures for public companies, but the specific financial details within can reveal risks or opportunities.
Key Numbers
- 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
- 2024-11-26 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)
Key Players & Entities
- 3D Systems Corp (company) — Filer of the 10-Q
- 20240930 (date) — End of the reporting period
- 20241126 (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 September 30, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on November 26, 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 falls under SERVICES-PREPACKAGED SOFTWARE.
What is the fiscal year end for 3D Systems Corp?
The fiscal year end for 3D Systems Corp is December 31.
Filing Stats: 4,676 words · 19 min read · ~16 pages · Grade level 20 · Accepted 2024-11-26 17:12:07
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share DDD New York Stock Exchange
Filing Documents
- ddd-20240930.htm (10-Q) — 1668KB
- non-employeedirectorcompen.htm (EX-10.2) — 13KB
- ddd-2024_09x30exx311.htm (EX-31.1) — 11KB
- ddd-2024_09x30exx312.htm (EX-31.2) — 11KB
- ddd-2024_09x30exx321.htm (EX-32.1) — 5KB
- ddd-2024_09x30exx322.htm (EX-32.2) — 5KB
- ddd-20240930_g1.jpg (GRAPHIC) — 13KB
- 0000910638-24-000046.txt ( ) — 8562KB
- ddd-20240930.xsd (EX-101.SCH) — 56KB
- ddd-20240930_cal.xml (EX-101.CAL) — 77KB
- ddd-20240930_def.xml (EX-101.DEF) — 312KB
- ddd-20240930_lab.xml (EX-101.LAB) — 729KB
- ddd-20240930_pre.xml (EX-101.PRE) — 521KB
- ddd-20240930_htm.xml (XML) — 1123KB
- 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 32
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 62
Controls and Procedures
Item 4. Controls and Procedures 62
- OTHER INFORMATION
PART II - OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 62
Risk Factors
Item 1A. Risk Factors 63
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 64
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 64
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 64
Other Information
Item 5. Other Information 65
Exhibits
Item 6. Exhibits 65 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) September 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 190,005 $ 331,525 Accounts receivable, net of reserves — $ 2,137 and $ 3,389 99,224 101,497 Inventories 134,926 152,188 Prepaid expenses and other current assets 35,858 42,612 Total current assets 460,013 627,822 Property and equipment, net 53,907 64,461 Intangible assets, net 20,961 62,724 Goodwill 14,967 116,082 Operating lease right-of-use assets 49,384 58,406 Finance lease right-of-use assets 9,185 12,174 Long-term deferred income tax assets 4,041 4,230 Other assets 45,818 44,761 Total assets $ 658,276 $ 990,660 LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST AND EQUITY Current liabilities: Current operating lease liabilities $ 9,628 $ 9,924 Accounts payable 42,414 49,757 Accrued and other liabilities 44,882 49,460 Customer deposits 8,655 7,599 Deferred revenue 33,336 30,448 Total current liabilities 138,915 147,188 Long-term debt, net of deferred financing costs 211,682 319,356 Long-term operating lease liabilities 51,000 56,795 Long-term deferred income tax liabilities 5,214 5,162 Other liabilities 31,340 33,400 Total liabilities 438,151 561,901 Commitments and contingencies (Note 17) Redeemable non-controlling interest 2,093 2,006 Stockholders' equity: Common stock, $ 0.001 par value, authorized 220,000 shares; shares issued 134,826 and 133,619 as of September 30, 2024 and December 31, 2023, respectively 135 134 Additional paid-in capital 1,588,911 1,577,519 Accumulated deficit ( 1,328,536 ) ( 1,106,650 ) Accumulated other comprehensive loss ( 42,478 ) ( 44,250 ) Total stockholders' equity 218,032 426,753 Total liabilities, redeemable non-controlling interest and stockholders' equity $ 658,276 $ 990,660 See accompanying notes to condensed consolidated financial statements. 3 3D SY