3D Systems Completes Sale of Cimatron and GibbsCAM Businesses and Provides Preliminary Financial Results for Fourth Quarter 2020
- Announces Date of Fourth Quarter and Full Year 2020 Financial Results
- Close of sale of non-core software businesses for cash proceeds of approximately $64 million
- Repayment of all debt outstanding under senior secured term loan. With the paydown of the term loan, the company is now free of any outstanding debt but continues to have availability under its senior secured revolving credit facility, which remains fully undrawn at this point.
- Official termination of ‘At-the-Market’ Equity Offering Program
- Strong Q4 preliminary financial performance with expected revenues between $170 million and $176 million
- Expected revenue reflects strong organic growth exceeding 20% in both Healthcare and Industrial business units on a consecutive quarter basis.
Essentially debt-free now, and free to focus on its two core 3D printer making businesses (industrial and healthcare), the company also noted that in addition to the better-than-expected sales, it is likely to report anywhere from $11 million to $19 million in pro forma profit for Q4.
Generally accepted accounting principles (GAAP) results could still be as bad as an $8.6 million loss, but there's at least the possibility that 3D will eke out a GAAP profit of as much as $0.5 million this quarter.
finance.yahoo.com/news/3d-systems-completes-sale-cimatron-130000137.html
- Announces Date of Fourth Quarter and Full Year 2020 Financial Results
- Close of sale of non-core software businesses for cash proceeds of approximately $64 million
- Repayment of all debt outstanding under senior secured term loan. With the paydown of the term loan, the company is now free of any outstanding debt but continues to have availability under its senior secured revolving credit facility, which remains fully undrawn at this point.
- Official termination of ‘At-the-Market’ Equity Offering Program
- Strong Q4 preliminary financial performance with expected revenues between $170 million and $176 million
- Expected revenue reflects strong organic growth exceeding 20% in both Healthcare and Industrial business units on a consecutive quarter basis.
Essentially debt-free now, and free to focus on its two core 3D printer making businesses (industrial and healthcare), the company also noted that in addition to the better-than-expected sales, it is likely to report anywhere from $11 million to $19 million in pro forma profit for Q4.
Generally accepted accounting principles (GAAP) results could still be as bad as an $8.6 million loss, but there's at least the possibility that 3D will eke out a GAAP profit of as much as $0.5 million this quarter.
finance.yahoo.com/news/3d-systems-completes-sale-cimatron-130000137.html
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.