VJET - 3D Systems reports Q2 beats pushing 3D printing stocks higher

3D Systems (NYSE:DDD) stock gains nearly 10% in after hour trading with the company reporting upside second-quarter results driven by healthcare and industrial strength. Revenue was up 45% compared to the same quarter last year to $162.6M, which was $19M ahead of consensus. Adjusted earnings of $0.12 per share beat estimates by $0.07. The revenue growth was driven by strength in Healthcare, up 69% to $82.8M, and Industrial sales, up 8% on the year. Adjusted gross margin improved from 41% in last year's quarter to 42.4%. Adjusted EBITDA beat estimates at $20.1M versus the $15M consensus. For 2021, the company reiterates its forecast for adjusted gross margins to be between and 40% and 44%. The company ended the quarter with $131.6M in cash on hand, no debt and a $100M unused revolving credit facility with full availability. "Our second quarter performance reflected continued positive momentum, with results that greatly surpassed those of

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3D Systems reports Q2 beats, pushing 3D printing stocks higher