3D Systems sees 2015 revenues of $1 bln, Capital IQ consensus $931 mln; raises FY2014 revenue guidance to $695-735 mln (previous ($680-720 mln) (DDD) :
•Plans to deploy recent capital raised around its "3 M's": materials, medical and metals for advanced manufacturing use cases and for its Quickparts global expansion.
•Expects higher consumer revenue contribution in the second half of 2014 from the rollout of several key products and key partnerships ROCK HILL, S.C., June 16, 2014
•With the acquisition of Medical Modeling and the imminent closing of the acquisition of 70% of Robtec, the company raised revenue guidance by $15 million, expecting 2014 revenue to be in the range of $695 million to $735 million. EPS guidance for 2014 remained unchanged in the range of $0.73 to $0.85 non-GAAP earnings per share, even after a roughly 6% increase in the company's share-count from its recent equity raise. Steady EPS guidance reflects accretion of recent acquisitions to earnings and underscores confidence in expected gross profit margins expansion and the anticipated resumption of operating leverage in the second half of 2014.
•The company reiterated its expectation to reach $1 billion in revenue by the end of 2015, driven by at least 30% organic growth, as the industry continues to broaden, addressable markets are increasing across the board and new products drive adoption.
•Management also reaffirmed the expectation that gross profit margins will continue to expand, reaching 55% to 60% as it achieves the billion dollar revenue run rate with operating expenses normalizing over the same time frame.
Bron: briefing.com
Mvrgr.