|Bid||11.08 x 1800|
|Ask||11.34 x 3000|
|Day's range||10.67 - 12.03|
|52-week range||8.79 - 36.20|
|Beta (5Y monthly)||1.42|
|PE ratio (TTM)||5.41|
|Earnings date||07 Nov 2022 - 11 Nov 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||12.21|
Good morning and welcome to 3D Systems conference call and audio webcast to discuss the results of the second quarter 2022. At this time, I would like to turn the call over to Russell Johnson, vice president, treasurer, and investor relations. With me on today's call are Dr. Jeffrey Graves, president and chief executive officer; Wayne Pensky, interim chief financial officer; and Andrew Johnson, executive vice president and chief legal officer.
Nearly a week after 3D printer company Stratasys (NASDAQ: SSYS) reported a big loss for its fiscal second quarter of 2022 -- and lost 4% of its market cap in consequence -- Stratasys archrival 3D Systems (NYSE: DDD) reported a sizable loss of its own. As of 11 a.m., 3D Systems stock is down 14%. Heading into its Q2, analysts had forecast 3D Systems would just break even on sales of $149.1 million.
The 3D-printing company's second-quarter results were hurt by the challenging macroeconomic environment, but its core revenue growth of nearly 8% was fairly solid.