3D Systems reports Q2 decrease in sales

3D Systems says that its Q2 2023 revenue was US$128,194, a 8.5% decrease from the same period in 2022. Year to date revenue was US$249,430, an 8.6% decrease.

“Looking at the state of the additive manufacturing market today, it is increasingly clear to us that the industry is at an exciting inflection point, with 3D printing now moving into factory production environments worldwide,” said Dr Jeffrey Graves, president and CEO of 3D Systems. “For our company, the dramatic success we have experienced in the dental orthodontics market over many years has now translated into an outsized negative impact as consumer discretionary spending on dental aligners has plummeted.

“Excluding our dental orthodontics business, we continued to see organic revenue growth of roughly 2% year-to-date, even in the midst of a difficult macroeconomic environment.”