VJET - 3D Systems stock surges after Q1 beats pulling 3D printing stocks higher
3D Systems (DDD) shares surge 18.5% after posting upside Q1 results with revenue up 8% on the year to $146.1M and $0.17 EPS, which is $0.15 above consensus estimates.Healthcare revenue was up 39% to $72.5M. Industrials sales fell 12% to $73.6M or, excluding divested businesses, increased 1%.Non-GAAP gross profit margin was 44% versus the 42.1% in last year's quarter.Operating expenses were down 12% to $66.2M.3D ended the quarter with $133M in cash on hand, no debt, and an unused $100M revolving credit facility with $92M available under terms of the agreement.Peer movers: Stratasys (SSYS) +5.8%, Voxeljet (VJET) +3.8%, ExOne (XONE) +3%, Desktop Metal (DM) +3.8%.Earnings press release.
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3D Systems stock surges after Q1 beats, pulling 3D printing stocks higher