Welcome to our dedicated page for 3D Systems news (Ticker: DDD), a resource for investors and traders seeking the latest updates and insights on 3D Systems stock.
3D Systems Corp (symbol: DDD) is a pioneer in the 3D printing industry, offering a broad array of 3D printing and digital manufacturing solutions. The company's product portfolio includes 3D printers for plastics and metals, materials, software, on-demand manufacturing services, and digital design tools. With over 35 years of experience, 3D Systems is at the forefront of innovation in additive manufacturing, impacting a wide range of industries from healthcare and dental to aerospace, automotive, and durable goods.
3D Systems' operations are segmented into Healthcare Solutions and Industrial Solutions, with a significant portion of its revenue generated from the Industrial segment. The company has a strong global presence with offices and facilities across the Americas, EMEA, and APAC regions, although the majority of its revenue comes from the Americas.
The company's recent projects have showcased its advanced capabilities in both industrial and healthcare applications. For instance, 3D Systems has pioneered a first-to-market solution for jetted, monolithic dentures, combining bespoke materials to deliver high-performance dental prosthetics. This innovation has gained interest from leading dental labs and is expected to receive FDA clearance in the second half of 2024.
On the industrial front, 3D Systems continues to expand its portfolio. Recently, the company has seen growth in its metal 3D printing division with Wilting, an industrial machining and metal 3D printing service provider, adding multiple DMP Flex 350 metal 3D printers to its production line. This expansion will enable Wilting to meet increasing customer demand more efficiently.
Financially, 3D Systems has been proactive in managing its liabilities and maintaining a strong balance sheet. The company recently entered into repurchase agreements to buy back $110 million of its 0% Convertible Senior Notes due 2026, thereby reducing its outstanding debt significantly.
3D Systems' commitment to innovation is further exemplified by its developments in patient-specific medical devices. The FDA recently cleared its VSP® PEEK Cranial Implant solution, designed for use in cranioplasty procedures, which utilizes additive manufacturing to produce highly customized, cost-effective cranial implants.
Looking ahead, 3D Systems aims to harness its leadership in digital dentistry, with plans to expand its product offerings to include night guards and direct-printed clear aligners. The company has also secured a multi-year purchase agreement, valued at nearly a quarter-billion dollars, to support the indirect manufacturing process for clear aligners, a testament to its robust 3D printing technology and market leadership.
3D Systems' unique combination of hardware, software, materials, and services, powered by expert application engineers, ensures they continue to transform industries and empower their customers to innovate. More information on 3D Systems is available at www.3dsystems.com.
3D Systems (NYSE:DDD) announced the resignation of CFO Jagtar Narula, effective May 20, 2022, to pursue another opportunity. Wayne Pensky, former CFO of Hexcel, has been appointed as the interim CFO starting May 21. The company confirmed its revenue guidance for 2022, projecting revenue between $570 million and $630 million, with non-GAAP gross margins of 40-44% and operating expenses of $225-250 million. The guidance assumes no significant adverse macroeconomic factors will impact performance.
3D Systems has launched the VSP Bolus, a customized solution for radiotherapy, after receiving FDA 510(k) clearance. This product, part of the company's VSP solutions, streamlines the design and production process, allowing providers to focus on patient care. Unlike off-the-shelf boluses, the VSP Bolus is tailored to each patient, minimizing air gaps and improving treatment efficacy. With 50% of cancer patients undergoing radiotherapy, this innovation addresses a critical need in personalized healthcare. 3D Systems' expertise in additive manufacturing enhances patient comfort and treatment targeting.
3D Systems (NYSE: DDD) is set to host an Investor Day on May 16, 2022, in Detroit, MI. President and CEO Dr. Jeffrey Graves, along with key executives, will present the company’s market opportunities and growth strategies, starting at 12:00 p.m. ET. Interested attendees must register via email. The event will also be webcast live and available on their Investor Relations website.
3D Systems, a leader in Additive Manufacturing, offers innovative solutions across various industries, empowering customers to revolutionize their product delivery.
3D Systems (DDD) will announce its Q1 2022 financial results on May 9, 2022, after U.S. market closure. A conference call to discuss these results is scheduled for May 10, 2022, at 8:30 a.m. Eastern Time. Interested parties can participate via phone or listen to the webcast. The company's innovative 3D printing solutions cater to diverse sectors, including healthcare, automotive, and aerospace, emphasizing their role as a leader in Additive Manufacturing. Details on their offerings and company updates can be found on their investor page.
3D Systems (NYSE:DDD) has acquired Titan Robotics LLC, a leader in pellet-based polymer extrusion 3D printing, enhancing its manufacturing capabilities. The deal, facilitated by Reynolds Advisory Partners, closed on April 1, 2022. Titan Robotics aims to innovate traditional manufacturing with its hybrid technology, offering synergies for 3D Systems' growth and expanding its global sales reach. Titan specializes in large-format, industrial 3D printers, utilizing advanced materials for diverse manufacturing applications, driving the adoption of industrial 3D printing across industries.
3D Systems announced the launch of the SLA 750 stereolithography printing solution, the first synchronous dual-laser SLA printer, aimed at high-volume production applications. The SLA 750 and SLA 750 Dual offer up to 2X faster print speeds and 3X throughput compared to previous models. This new platform also features Accura AMX Durable Natural material for enhanced mechanical performance and the PostCure 1050 post-processing system for faster curing. Integrated with Oqton Manufacturing OS, this solution enhances manufacturing efficiency across various industries, including automotive and aerospace.
3D Systems (DDD) has formed a joint venture with Saudi Arabian Industrial Investments Company (Dussur) to promote additive manufacturing in Saudi Arabia, aligning with the Kingdom's 'Vision 2030' for economic diversification. Announced on March 29, 2022, the partnership aims to develop local production capabilities in various sectors, initially focusing on energy. A new Center for Innovation and Additive Manufacturing is expected to open in late 2022, creating opportunities for local manufacturing and green energy solutions, bolstering the region's logistical hub position.
3D Systems (NYSE:DDD) has partnered with Enhatch to enhance the design and delivery of patient-specific medical devices. This collaboration aims to automate surgical workflows using artificial intelligence, improving efficiency and cost-effectiveness. The Intelligent Surgery Ecosystem developed by Enhatch will streamline patient-specific processes, integrating with 3D Systems' existing capabilities in surgical planning. The partnership supports the growing demand for personalized medical solutions, potentially leading to better patient outcomes and reduced procedure times.
3D Systems Corporation (NYSE: DDD) reported Q4 2021 revenue of $150.9 million, a 12.6% decline from Q4 2020, attributed to divestitures. However, adjusted for these divestitures, revenue rose 13.1%. The full-year revenue reached $615.6 million, a 10.5% year-over-year increase. GAAP loss per share was $0.05, while non-GAAP income per share was $0.09. The company announced plans to acquire Titan Robotics and Kumovis, enhancing their technology suite. 2022 revenue guidance is set between $570 million and $630 million, with non-GAAP gross margins expected to be 40%-44%.
3D Systems has announced the acquisition of Kumovis, a Munich-based company specializing in additive manufacturing for personalized healthcare solutions. This acquisition enhances 3D Systems' capabilities in 3D printing medical devices using high-performance polymers like PEEK, which are ideal for implants and surgical tools. The transaction is expected to close in April 2022 and will expand 3D Systems' market for personalized healthcare applications. Regulatory clearance for the technology is anticipated within the year, promising improved patient outcomes through tailored solutions.
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