3D Systems Guides Q3 Revenue at $96M-$99M, Slightly Above Q1
DDD sits 96% above its 52-week low of $1.57.
Summary
3D Systems issued Q3 revenue guidance of $96M-$99M, a modest sequential uptick from Q1's $95.5M. The midpoint of $97.5M implies roughly 2% growth, signaling stabilization after a year of cost-cutting and a $50M equity raise in June. No profit outlook was provided, leaving margin trajectory unclear. The company has been restructuring and recently upsized its offering to shore up liquidity. This guidance provides the first official look at near-term demand since the Q1 beat, but the narrow range and lack of earnings detail keep it from being a major catalyst.
At the time of this announcement, DDD was trading at $3.08 on NYSE in the Technology sector, with a market capitalization of approximately $462.3M. The 52-week trading range was $1.57 to $4.12. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.