Reports said that 3D Systems Corporation announced adjusted non-GAAP earnings of 27 cents per share and GAAP earnings of 16 cents per share for the second quarter of 2012
— MasterG_MFG (MasterGraphics MFG) (@MasterG_MFG) Mon Jul 30 2012
Revenue increased 52% to $83.6 million over the second quarter of 2011 on 20% organic growth. The company reported growth from all its revenue categories, led by a 112% increase in its printer units sold. Backlog increased 28% sequentially to $12.3 million at the end of the quarter on continued strong demand for its printers, materials and on-demand parts services.
There was a gross profit growth, for the second quarter, of 71% on higher revenue and a 570 basis points gross profits margin expansion that is 51.4% over the 2011 quarter. These numbers were greatly influenced by significant on-demand parts services and printers gross profit margin improvement.
The company generated $21.4 million of cash from operations in the first six months of 2012, and ended the second quarter of 2012 with $158.5 million of available cash, after incurring a $11.8 million increase in its operating expenses primarily from acquisition and higher sales and marketing costs. The increase included $1.9 million of higher R&D expenditures in support of its expanded consumer and healthcare solutions portfolio.
See Any Dimension for architectural modelling and 3D printing.