DDD color: Reports Q1 (Mar) adj. earnings of $0.21 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.21; revenues rose 31.1% year/year to $102.1 mln vs the $101.61 mln consensus. Gross profit increased 38% and gross profit margin expanded 250 basis points to 52.4%. 3D printers and other products revenue increased $15.0 million to $39.7 million on 81% higher prionter units and the addition of 3D authoring tols. Print materials revenue grew $4.1 million over 2012 to $28.7 million and services revenue rose $5.1 million over 2012 to $33.6 million. During Q1, the co introduced significant new products including personal and professional 3D printers, powerful designer software packages and exciting consumer apps. The co increased its R&D expenditures by $1.6 million compared to last year in support of its expanded product portfolio and extended its sales channels and printer manufacturing capacity. The co ended the first quarter with $110.5 million in cash, driven by $10.7 million of cash from operations. "We continue to experience positive sales momentum that ilds shaped primarily by increased demand from advanced manufacturing activities. While we may face lingering economic uncertainties in parts of the wor, we expect to continue to benefit from robust R&D and manufacturing spending by our customers worldwide."
