Welcome to our dedicated page for 3-D Sys Del news (Ticker: DDD), a resource for investors and traders seeking the latest updates and insights on 3-D Sys Del stock.
3D Systems Corporation (NYSE: DDD), a pioneer in additive manufacturing and digital dentistry solutions, provides investors and industry professionals with critical updates through this centralized news hub. Track official press releases, financial disclosures, and strategic developments from the company redefining 3D printing applications across healthcare, aerospace, and industrial manufacturing.
This resource offers timely access to earnings announcements, regulatory filings, and innovation milestones. Users will find updates on advanced manufacturing technologies like the Oqton Manufacturing OS, healthcare breakthroughs in patient-specific medical devices, and industrial applications of QuickCast Air investment casting solutions.
Key content categories include quarterly financial results, product launches, strategic partnerships, and regulatory compliance achievements. The curated collection serves as a reliable reference for assessing 3D Systems' market position and technological leadership in high-precision manufacturing.
Bookmark this page to stay informed about DDD's progress in materials science advancements, software platform enhancements, and global manufacturing initiatives. Check regularly for verified updates directly impacting investment decisions and industry analysis.
3D Systems (DDD) announced the completion of the first test print using its groundbreaking 9-laser metal 3D printer, designed for military applications including long-range munitions and combat vehicles. This printer, part of a $15 million contract, features a unique powder deposition process that minimizes material use and cost, while enhancing part quality. The collaboration with the Army Research Laboratory aims to transform manufacturing capabilities, with plans for further development to improve the U.S. defense supply chain.
3D Systems Corporation (NYSE: DDD) reported its Q3 2020 financial results, highlighting GAAP revenue of $135.1 million, down from $155.3 million in Q3 2019, but a 20.6% increase from Q2 2020. The company incurred a GAAP loss of $0.61 per share, exacerbated by a $48.3 million goodwill impairment charge. Non-GAAP loss per share improved to $0.03. Operating expenses surged 59.4% to $126.2 million, while cash on hand decreased to $75.3 million. The company is on track to realize $60 million in annual savings and anticipates further divestitures to bolster its balance sheet.
3D Systems (NYSE:DDD) has partnered with the Veterans Health Administration (VHA) to develop FDA-compliant medical device manufacturing facilities using additive manufacturing solutions. This collaboration aims to enhance patient care by enabling the production of next-generation medical devices at the point of care within VHA hospitals. 3D Systems will assist in designing devices, managing regulatory processes, and training VHA staff on quality management systems. This initiative builds on previous efforts to address supply chain issues during the COVID-19 pandemic, marking a significant expansion in healthcare innovation.
Battery Ventures is set to acquire the Cimatron and GibbsCAM software businesses from 3D Systems Corporation (NYSE: DDD). This strategic move is expected to close in Q4 2020, pending customary conditions. The two software businesses will join SigmaTEK Systems under a new holding company, CAMBRIO, led by Robbie Payne. The acquisition aims to enhance product development and expand market presence by leveraging combined expertise in CAD/CAM technologies, targeting industries such as fabrication and production machining.
3D Systems has agreed to sell Cimatron Ltd. and related subsidiaries to Battery Ventures for $65 million as part of its reorganization strategy. This transaction focuses the company on enhancing its position in additive manufacturing. The sale is expected to finalize in Q4 2020, which will influence the company's equity offerings. 3D Systems aims to align its operations with core strengths to foster growth in evolving markets.
3D Systems (NYSE: DDD) will announce its third quarter 2020 financial results on November 5, 2020, after market close. A conference call to discuss the results is scheduled for November 6, 2020, at 10:00 a.m. ET. Investors can listen to the call via webcast or telephone. The press release includes forward-looking statements about potential risks and uncertainties that might affect future performance. 3D Systems has been a leader in 3D printing technology for over 30 years, providing innovative solutions across various sectors including healthcare and industrial markets.
3D Systems (NYSE: DDD) announced a reorganization strategy, establishing two business units: Healthcare Solutions and Industrial Solutions. Menno Ellis will lead the Healthcare Solutions Group, overseeing its Dental, Medical Device, and Simulation businesses. He brings extensive experience in growth strategies. Reji Puthenveetil will head the Industrial Solutions Group, focusing on sectors such as Aerospace, Defense, and Energy. This restructuring aims to bolster value creation in the additive manufacturing market, as emphasized by CEO Dr. Jeffrey Graves.
3D Systems announced FDA 510(k) clearance for its new maxillofacial surgical guides made from LaserForm Ti and DuraForm ProX PA materials, enhancing surgical performance. This clearance allows for innovative designs, improving strength and visibility in surgical sites. The VSP technology combines medical imaging with 3D printing, aiding over 120,000 unique patient cases. With these new guides, surgeons gain flexibility in design and sterilization processes, potentially improving patient outcomes in reconstructive surgeries.
3D Systems (NYSE: DDD) announced a significant advancement in additive manufacturing through its partnership with ACS Custom. Utilizing Figure 4 technology and Figure 4 PRO-BLK 10 material, ACS Custom transformed its digital workflow, achieving a 4X increase in capacity and a 2X boost in efficiency. Material consumption was reduced by 50%, and labor costs were lowered by 80% for specific parts. The Figure 4 solution delivers fast production speeds, enabling the creation of high-quality, custom hearing protection devices while enhancing product development cycles.
3D Systems announced the appointment of Jagtar Narula as Executive Vice President and CFO, effective September 14. Narula brings 28 years of financial leadership, previously serving at Blackbaud Corporation and holding positions at Xerox and GE. His expertise in investment strategy and M&A is expected to enhance capital deployment and drive growth. CEO Dr. Jeffrey Graves emphasized the importance of Narula's experience in leading technology companies during this pivotal transition and thanked interim CFO Wayne Pensky for facilitating the leadership change.
