Materialise NV (MTLS) shares plummeted 6.72% in pre-market trading on Thursday, following the release of the company's fourth quarter and full year 2024 financial results. The 3D printing software and services provider reported mixed results that missed revenue estimates and provided a lackluster outlook for 2025.

For Q4 2024, Materialise reported revenue of €65.68 million, falling short of analysts' estimates of €71.50 million. While the company's Medical segment continued its growth trajectory with a 14.3% increase in revenue, the Manufacturing segment saw a 13.3% decline due to persistent macroeconomic headwinds in the European industrial sector.

Looking ahead to 2025, Materialise expects revenue growth to be driven primarily by its Medical segment, while its Software segment's transition to a cloud-based subscription model could impact revenue potential. The company anticipates continued challenges in the European industrial market, impacting the performance of its Manufacturing segment. Materialise forecasts full-year 2025 revenue in the range of €270 million to €285 million and Adjusted EBIT between €6 million and €10 million, reflecting increased depreciation charges.