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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 announces an expansion of its collaboration with United Therapeutics to develop bioprinting technology for multiple human organs, beyond just lungs. This amendment will take effect once 3D Systems completes its acquisition of Volumetric Biotechnologies, Inc. The program aims to provide an unlimited supply of biocompatible human organs for transplantation, relying on a technology platform established since 2017. The initiative is projected to continue through 2025, reflecting the companies' commitment to addressing urgent medical needs for organ transplants.
Volumetric, a Houston-based biofabrication start-up, has been acquired by 3D Systems (NYSE: DDD) for an initial payment of
3D Systems has announced the acquisition of Volumetric Biotechnologies for an initial payment of $45 million, with a potential total value of $400 million tied to future performance milestones. This acquisition aims to enhance 3D Systems’ capabilities in the bioprinting of human organs, particularly focusing on the liver and other applications. Dr. Jordan Miller will join as Chief Scientist for Regenerative Medicine to lead this initiative, expanding the company's efforts alongside United Therapeutics in creating vital organ solutions. A conference call on October 28, 2021, will provide further details.
3D Systems (DDD) announced that it will release its third quarter 2021 financial results and file its Form 10-Q on November 8, 2021, after U.S. markets close. A conference call to discuss these results will take place on November 9, 2021, at 8:30 a.m. ET. Investors can participate via telephone or webcast. The company emphasizes its reliance on forward-looking statements, cautioning that actual results may differ due to various risks and uncertainties. More details can be found on their investor relations webpage.
Trilantic North America has acquired the On-Demand Manufacturing business from 3D Systems (NYSE: DDD), rebranding it as Quickparts. This strategic move is led by industry veteran Ziad Abou, who becomes CEO. Quickparts, recognized in digital manufacturing, aims to expand its services and enhance customer value with over 150 in-house 3D printers across North America and Europe. The acquisition highlights Trilantic's commitment to advancing Industry 4.0 technologies and better serving diverse markets.
3D Systems (NYSE: DDD) has launched VisiJet Wax Jewel Red, a new material designed for jewelry casting that enhances design capabilities and production efficiency. This innovative material allows for more intricate designs, improved durability, and flexibility, addressing the needs of casting houses. It enables same-day pattern printing and casting while reducing waste and operational costs. Planned availability is on September 20, 2021, marking a significant advancement in the 3D printing landscape for jewelry manufacturing.
3D Systems (NYSE: DDD) announces its acquisition of Oqton, a leader in cloud-based Manufacturing Operating Systems (MOS). The $180 million deal aims to enhance digital manufacturing through AI and automation, addressing the growing demand for advanced manufacturing technologies. Operating independently, Oqton will ensure data security for customers. The acquisition is expected to accelerate software revenue, projecting over $100 million by 2025. The deal is anticipated to close in Q4 2021, pending regulatory approvals.
3D Systems has announced Dr. Brent Stucker as the new Chief Scientist to enhance its leadership in additive manufacturing. Previously, he was the Director of Additive Manufacturing at Ansys and co-founded 3DSIM, a pioneer in AM simulation. Dr. Stucker, known for his extensive publications and contributions to industry standards, is set to drive innovation at 3D Systems. CEO Dr. Jeffrey Graves emphasized Stucker's unique qualifications to help meet customer needs and advance the entire additive industry.
3D Systems (NYSE: DDD) has expanded its materials portfolio by introducing Certified Scalmalloy and Certified M789, enhancing its Direct Metal Printing (DMP) capabilities. Scalmalloy features a tensile strength of 520MPa, ideal for aerospace and automotive applications, while M789 offers high-strength molds free of cobalt, certified for DMP. These innovations support faster time to market and improved manufacturing efficiency across various industries including aerospace, motorsports, and energy. Customers can leverage the Application Innovation Group's expertise to certify these materials effectively.
3D Systems Corporation (NYSE:DDD) reported strong Q2 2021 results, with revenue of $162.6 million, marking a 44.1% increase year-over-year. Adjusted EBITDA margin improved to 12.4%, and the company achieved a positive operating cash flow of $13.5 million. The growth was driven by a 68.6% rise in Healthcare revenue and 25.3% in Industrial sales. After divestitures, the balance sheet is set to improve, with cash projected to exceed $500 million. Despite a GAAP loss of $0.08 per share, the company remains optimistic about its growth trajectory and strategic focus on additive manufacturing.
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