3D printing company 3D Systems says that its Q3 revenues were US$155.3 million, down from US$164.5 million in Q3 2018.
Printer revenue also decreased 17.2% compared to the third quarter of the prior year, driven by timing of large enterprise customer orders and the softer macro industrial environment, the company said. However, materials revenue increased 2.8%, and healthcare solutions revenue increased 6.3%. While on demand services decreased 12%, software increased 0.1% compared to the prior year, according to 3D Systems.
‘Despite continued headwinds in the industry, we achieved modest growth in Materials and Healthcare this quarter, driven by customer demand for our core and new product solutions,’ said Vyomesh Joshi, president and chief executive officer. ‘We remain focused on cost reductions, cash generation and profitability in the near-term and driving long-term growth with the opportunities we have in our product portfolio and target markets.’
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.