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H.S. sophomore Avg
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New words:
abuse, accident, AG, age, Appeal, Appellant, argument, ATM, automaker, BASF, beschrankter, Bhavsar, blend, blended, Bloom, bridge, buyer, Cantor, Carbide, category, Catherine, CCPA, CMMC, Coffman, compulsory, Counsel, crafted, curated, cushioning, degradation, denial, Denish, divest, DPF, DSF, DuraChain, EEA, efficacy, Elaine, elastic, enrichment, ETEC, Evonik, expert, exploring, extraordinary, eye, Fitzgerald, Fleet, footwear, forensic, FreeFoam, gap, Gera, Gesellshaft, hacking, Haftung, Henkel, hub, Huntingdon, Huntington, illuminated, imply, incomplete, Indira, Industriewerk, INFOSEC, intensify, Israel, journey, Judge, Justice, Kent, landscape, lieu, lifelike, Loctite, longterm, MA, malware, MDR, MFG, Michael, military, mismanagement, mit, nano, nearest, necessarily, NIST, nm, obfuscate, opposition, oral, overseeing, partnership, pathway, Pennsylvania, persistence, phishing, Photo, prejudice, profession, profile, ransomware, rebust, recover, reimbursement, relocate, reply, representation, Rockwell, run, Ryan, sabotage, Samhita, saturated, ScanUp, Schaeffler, sealing, Shaeffler, show, silicon, sizable, smart, Smile, sophisticated, sophistication, Southern, sovereign, specialty, stipulation, Talwani, theft, tough, transitory, transparency, ultra, unchanged, undergone, unjust, vast, vi, viability, Wang, whichever, winding, withdrawn
Removed:
accomplish, acquirer, advisor, appoint, assume, assuming, August, automatically, auxiliary, back, binding, canceled, CECL, chemically, cleaning, collaboration, comparably, comparative, comprising, concentration, consistency, consummate, coupled, cubic, depowdering, differentiate, difficulty, disease, dissolution, diversification, diverted, drawn, EHS, employ, envision, equaled, exchanged, factory, feedback, firmware, fit, floor, Forust, fraction, granting, height, hired, home, incentivize, incorporating, indirect, inkjet, involuntary, lapse, Leo, liquidation, loose, lowest, mandatory, membership, mezzanine, minimal, minimizing, modeling, modification, modified, month, nonassessable, offline, opt, pain, pari, passu, path, Paycheck, pioneer, positively, PPP, preferential, privately, proceed, promoting, rata, reactive, ready, reclassified, recycling, refrain, reinforced, removal, repriced, repricing, retroactively, sawdust, schedule, science, Separable, shape, Sparrow, spectrum, split, station, staying, streamlined, surrendered, threshold, traded, treat, trillion, underwritten, unfold, uniform, variability, varying, viewed, voted, wider, wood
Financial report summary
?Management Discussion
- Total revenue for the years ended December 31, 2023 and 2022 was $189.7 million and $209.0 million, respectively, a decrease of $19.3 million, or 9%. Products revenue decreased primarily due to a reduction in units shipped during 2023, driven by the macroeconomic conditions impacting the additive manufacturing industry described above. The decrease in products revenue was partially offset by an increase in services revenue. Services revenue increased approximately 15% during the year ended December 31, 2023, as compared to the year ended December 31, 2022, primarily due to an increase in support and installation revenue from a larger installed base of systems.
- Total revenue decreased during the year ended December 31, 2023 compared to the year ended December 31, 2022, due to decreases in unit shipments across all regions.
- Total cost of sales during the years ended December 31, 2023 and 2022 was $199.8 million and $194.0 million, respectively, an increase of $5.8 million or 3%. The increase in cost of sales is driven by an increase in restructuring expenses partially offset by a reduction in hardware sales.