3D Systems has reported revenue of US$152.6 million for the first quarter of 2016, a decrease of 5% from the prior year period. Excluding the contribution of consumer products and services that the company no longer sells, revenue decreased 2% year-over-year.
For the same period, total operating expenses for the quarter decreased US$2.2 million from the first quarter of 2015 to $94.3 million, including flat SG&A expenses of $74.0 million and a 9% decrease in R&D expenses to $20.3 million.
‘I’ve spent the past month listening to and learning from customers, partners and employees,” commented Vyomesh Joshi, CEO, 3D Systems. ‘I will be focusing on improving quality, reliability and supply chain. The next phase for us is to develop a strategy to drive profitable growth with operational excellence and an appropriate cost structure.’
This story uses material from 3D Systems, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.