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3D Systems Updates FY24 Revenue Guidance To $450M-$460M Vs $474.1M Est

Author: Benzinga Newsdesk | August 29, 2024 04:09pm

Updating 2024 Outlook

Based on current macroeconomic and geopolitical conditions, 3D Systems is updating its financial guidance for the remainder of 2024 as follows:

Revenues for the full-year 2024 within the range of $450 million - $460 million, with continued sequential revenue improvement in Q3'24 and Q4'24
Non-GAAP gross profit margin for the full-year 2024 within the range of 40% - 42%
Non-GAAP operating expense of less than $60 million for Q4'24 and for the full-year 2024 within the range of $248 million - $253 million
Adjusted EBITDA near break-even for Q4'24

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