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Stock impact report

3D Systems Reports Fourth Quarter and Full Year 2024 Financial Results

3D Systems Corporation (DDD) 
Last 3d systems corporation earnings: 2/26 04:01 pm Check Earnings Report
US:NYSE Investor Relations: 3dsystems.com/investor
Company Research Source: GlobeNewswire
ROCK HILL, S.C., March 26, 2025 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the fourth quarter and full year ended December 31, 2024. Full-year 2024 revenue of $440 million, above lower end of guidance range, inclusive of a $9 million revenue reduction in Q4 driven by a change in accounting estimates for Regenerative Medicine program milestone recognition. This change in estimate is related to the now anticipated use of pre-clinical human decedent testing, successfully demonstrated by our partner, United Therapeutics, which led to refinement of the milestone technical criteria.Continued reduction in operating expenses in Q4 reflecting the company’s focus on cost savings and efficiency improvements.Announcement of a new cost reduction initiative expected to deliver over $50 million in incremental annualized savings related to actions taken throughout 2025 and the first-half 2026.All regulatory approvals have been obtained for s Show less Read more
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