3-D Systems Inc., a Canadian company whose sole operating unit is 3D Systems in Valencia, said its third-quarter profit plummeted 96% from a year earlier, and it warned of more problems ahead.
3D Systems makes a machine that uses a computer, laser and chemicals to rapidly make plastic-like models that manufacturers use as prototypes for new products. In the quarter that ended Sept. 30, its parent company reported earnings of $14,722, down from $358,108 a year earlier. Its sales rose 30%, however, to $7.21 million from $5.53 million.
