3D Systems Earnings Live Blog: Q4 Conference Call

3D Systems Corporation DDD reported earnings Thursday morning. Below is a live blog of the company's Q4 conference call.

08:51:57am: We plan to advance our reach and penetration in key verticals like healthcare, aerospace, automotive and consumer and expand our overall market share

08:51:25am: CEO Reichental: For us, 2015 is all about execution: leveraging, fine-tuning and scaling our recent investments into sustainable, profitable growth

08:50:52am: CEO Reichental speaks again, covers M&A highlights with slide:

08:48:52am: VP of IR Whitten: We expect our GAAP earnings per share to be in the range of $0.35 to $0.45 and our non-GAAP earnings per share to be in the range of $0.90 to $1.10 with greater earnings during the second half of 2015

08:48:30am: VP of IR Whitten: We expect annual revenue for 2015 to be in the range of $850 million to $900 million with greater revenue during the second half of 2015

08:47:46am: CFO Hull: Cash on hand at December 2014 decreased $21 million compared to December 2013

08:47:30am: CFO Hull: Company generated $23 million of cash from operations during Q4 and $51 million for the full year 2014

08:47:02am: CFO Hull: Expansion is expected to come from increasing materials sales resulting in higher margin category representing a larger portion of total sales, gross margins of products recovering after new product transition and ramp, continuing operational synergies within our Quickparts network and increasing software sales, contributing more revenue at higher gross profit margins

08:46:09am: CFO Hull: We believe fundamentals of business model remain in tact and we expect gross profit margin to resume expansion
08:42:08am: CFO Hull begins, shows Q4 GAAP operating results slide:

08:41:37am: CEO Reichental: Significant opportunities in manufacturing of aerospace parts, functional automotive assemblies, and ready to use medical devices

08:41:05am: CEO Reichental: Revenue increased 73% sequentially

08:39:26am: CEO Reichental: Revenue grew 175% compared to 2013 revenue

08:38:35am: CEO Reichental: Revenue increased 178% compared to the fourth quarter of 2013

08:38:05am: CEO Reichental: We ended 2014 at the higher end of our expected revenue range

08:37:41am: CEO Reichental: We are disappointed that we were not able to further capitalize on the strength of our performance

08:36:16am: CEO Reichental: Products, including materials, revenue grew by 16% and services by 33%

08:35:33am: CEO Reichental: Record revenue of $187.4 million, GAAP earnings of $0.01 per share and non-GAAP earnings of $0.21 per share. Significant foreign currency headwinds reduced our total revenue by $6 million during the quarter

08:33:51am: 3D Systems Q4 conference call begins

08:02:10am: 3D Systems Expecting FY15 Adj. EPS $0.90-$1.10 vs $1.02 Est., Sales $850M-$900M vs $873.2M Est.

08:00:39am: 3D Systems Reports Q4 Adj. EPS $0.21 vs $0.25 Est., Sales $187.4M vs $202.3M Est.