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ROCK HILL, South Carolina – February 17, 2009 -
3D Systems Corporation (NASDAQ: TDSC), a leading provider of 3-D Printing, Rapid Prototyping and Manufacturing solutions, announced today that it plans to hold a conference call and webcast to discuss its financial results for the fourth quarter and full year of 2008 on Thursday, March 5, 2009 at 9:00 a.m. Eastern Time. Additional information relating to that call and webcast is provided below.
The company expects to release its final 2008 financial results and to file its Annual Report on Form 10-K prior to the conference call.
At this point in time, the company preliminarily expects to report operating results for the fourth-quarter of 2008 within the ranges listed below:
Preliminary Unaudited Operating Results
Fourth Quarter of 2008
| Expected Preliminary Operating Results |
4Q 2008 Ranges |
| Consolidated Revenue |
$34.0 - $35.0 million |
| Gross Profit |
$14.5 - $15.5 million |
| Gross Profit % |
43% - 44% |
| Operating Expenses |
$13.5 - $14.0 million |
| Operating Income |
$0.5 - $2.0 million |
| Unrestricted Cash |
$22.0 - $22.5 million |
“In view of the time required to complete a year-end audit, we decided to release preliminary information regarding our expected fourth-quarter 2008 operating results,” commented Damon Gregoire, 3D Systems’ vice president and chief financial officer. “Given the current unprecedented economic and business climate, we are pleased with the expected improvement in our operating results and unrestricted cash,” continued Gregoire.
“As we have done in the past, we plan to provide detailed information and analysis of our fourth-quarter and full-year 2008 operating results in the final release covering our 2008 financial results and our Annual Report on Form 10-K,” concluded Gregoire.
While the company believes that the estimates set forth above are reasonable, since it has not yet completed its audit for the fourth-quarter and year ended December 31, 2008, there can be no assurance that the final results that it will report for those periods will be within the ranges set forth above.
Conference Call and Audio Webcast Details
The company plans to hold its conference call and webcast to discuss its operating results for the fourth-quarter and the year ended December 31, 2008 on March 5, 2009 at 9:00 a.m., Eastern Time.
- To access the March 5, 2009 Conference Call, dial 1-888-336-3485 (or 706-634-0653 from outside the United States). The confirmation code is 85493285.
- To access this audio webcast, log onto 3D Systems’ Web site at www.3dsystems.com/ir. To ensure timely participation and technical capability, we recommend logging on a few minutes prior to the conference call to activate your participation. The webcast will be available for replay beginning approximately three hours after completion of the call at: www.3dsystems.com/ir.
Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements that use the word “preliminary” or variations of that word or that are in the conditional or future tenses or that include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking.
Forward-looking statements may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements,” “Cautionary Statements and Risk Factors,” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements.
About 3D Systems
3D Systems is a leading provider of 3-D Printing, Rapid Prototyping and Manufacturing solutions. Its systems and materials reduce the time and cost of designing products and facilitate direct and indirect manufacturing by creating actual parts directly from digital input. These solutions are used for design communication and prototyping as well as for production of functional end-use parts: Transform your products.
More information on the company is available at www.3dsystems.com, or via email at moreinfo@3dsystems.com.
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