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| 3D
Systems Announces Preliminary Results for Fourth Quarter and Year
Contact: VALENCIA, Calif., February 11, 1998
- 3D Systems Corporation (Nasdaq-NNM:TDSC) announced today that it will
report a loss for the fourth quarter and year ended Dec. 31, 1997.
Although the company posted a new quarterly high in revenues and unit
shipments, results were weakened by inventory adjustments and higher than
expected expenses in its European operations. Final results are scheduled
to be reported Feb. 24.
Frank J. Spina, vice president and chief financial officer, said that
the company has begun reorganizing its European operations to contain
expenses and improve performance. He added that the company's orders rate
in the fourth quarter was strong and remains at a satisfactory level in
the first weeks of the year.
3D Systems develops, manufactures and markets solid-imaging systems.
In manufacturing, 3D's products fabricate solid objects using input from
CAD/CAM systems, substantially reducing the time and costs of bringing
new products to market. Major applications include rapid prototyping and
tooling for products in a variety of manufacturing industries worldwide,
including automotive, aerospace, medical, computer, electronic and consumer
products.
Except for the historical information contained in this news release,
the matters discussed are forward-looking statements that involve risks
and uncertainties, such as the ability of the company to contain expenses
attributable to its European operations, timely development and acceptance
of new products, the impact of competitive products and pricing, and other
risks detailed from time to time in the company's SEC reports, including
the most recent Form 10-Q's and Form 10-K.
For current investor information, please call 3D Systems' shareholder
communications service at 800-757-1799. 3D Systems and SLA are trademarks
of 3D Systems, Inc. |
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