3D Systems’ delay in filling its annual report is related to accounting for revenue and costs related to product warranties. The company realized further examination was required after completing technical accounting analysis related to implementation of the Financial Accounting Standards Board’s Accounting Standards Update.
However, as far as early figures are concerned, results show that revenue will be in the range of $176 million to $178 million, approximately six to seven percent growth from $165.9 million in the fourth quarter of the previous year.
“We are pleased with the growth in revenue driven by healthcare, materials, software and on demand manufacturing, as well as more balanced regional execution experienced in the fourth quarter,” commented Vyomesh Joshi (VJ), chief executive officer, 3D Systems.
According to the CEO, this progress is due to investments in go-to-market, and to improved processes and execution.
Furthermore, due to the Form 10-K filing, the provider of 3D printing solutions postpones its formerly announced February 28, 2018 conference call and webcast to discuss fourth quarter and full year 2017 results. The conference is now expected for Wednesday, March 14, 2018 after the market closes.
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