3-D Sys Corp Del Stock Price, News & Analysis

3D Systems (NYSE:DDD) announced that rms Company, a leading medical device manufacturer, has integrated the DMP Flex 350 Dual into its production process. This addition increases productivity by up to 50%, enhancing rms' powder to package capabilities and expanding the range of implants produced. With over 30 DMP printers, rms is positioned to innovate and streamline the manufacturing of high-quality, tight-tolerance medical devices, particularly titanium implants. The DMP Flex 350 Dual's dual-laser system allows for greater efficiency without compromising precision, aligning with current industry demands.

3D Systems (NYSE:DDD) appointed Mr. Bert Bruce to its Medical Advisory Board to enhance its regenerative medicine initiatives. The board aims to guide efforts in 3D printing vascularized tissues for organ manufacturing and drug development, potentially reducing animal trials. Mr. Bruce, leading the Rare Disease Business Unit at Pfizer, brings over 30 years of pharmaceutical experience. He has a strong background in drug discovery and commercialization. Dr. Jeffrey Graves, CEO, highlighted Bruce's expertise as vital for accelerating the company’s advancements in regenerative medicine and related technologies.

3D Systems (NYSE: DDD) has appointed Dr. Joe Zuiker as Executive Vice President, Engineering and Operations, effective December 12, 2022. Dr. Zuiker brings extensive experience in technical leadership across various industries. Alongside him, Dr. Brent Stucker has been elevated to Chief Technology Officer for Additive Manufacturing. This leadership change aims to bolster 3D Systems' position in the additive manufacturing sector and enhance its product development capabilities as demand for 3D printing increases among customers.

3D Systems (NYSE: DDD) has announced a strategic partnership with Wematter, becoming the exclusive worldwide distributor of the Wematter Gravity Selective Laser Sintering (SLS) solution. This compact, affordable SLS system, designed for diverse applications including medical and automotive industries, occupies less space while delivering a larger build volume. The Gravity allows for easy installation, cloud connectivity, and efficient recycling of materials, offering a cost-effective solution for manufacturers. It will be expanded to the Americas and Asia Pacific by Q2 2023.

3D Systems (NYSE: DDD) has introduced two new materials, Certified HX and Certified CuCr2.4, enhancing its materials portfolio for 3D printing. Certified HX is a high-performance nickel alloy, ideal for high-temperature applications up to 1200°C, while Certified CuCr2.4 offers improved strength and conductivity for cooling systems. Both materials are optimized for use with DMP Flex 350 and DMP Factory 350 printers. These innovations aim to meet the increasing demands in industries like energy, aerospace, and automotive, showcasing 3D Systems' commitment to advancing additive manufacturing technology.

3D Systems (NYSE: DDD) has partnered with ALM to include DuraForm^® PAx in ALM's materials portfolio. This innovative nylon copolymer is aimed at industrial applications, offering lower costs and high recyclability. DuraForm PAx is engineered for high impact and elongation performance, making it suitable for diverse applications such as orthotics and tooling. The collaboration enhances material options for customers using Selective Laser Sintering (SLS) technologies and signifies a commitment to innovation in additive manufacturing. Both companies will showcase this material at Formnext 2022.

3D Systems Corporation (NYSE: DDD) reported a 15.3% decrease in revenue to $132.3 million for Q3 2022, impacted by divestitures and a decline in dental market sales. Despite challenges, non-GAAP revenue, excluding divestitures, grew 2.7%. The company experienced a net loss of $(37.4) million and a diluted loss per share of $(0.30). Adjusted EBITDA stood at $(0.3) million, reflecting inflationary pressures. Cash and short-term investments totaled $609.4 million. FY 2022 revenue guidance was revised to $535 - $545 million, with improved outlook on operating expenses.

3D Systems (NYSE: DDD) will release its third quarter 2022 financial results after U.S. markets close on November 8, 2022. A conference call and webcast to discuss the results will be held on November 9, 2022, at 8:30 a.m. ET. The company has been a leader in additive manufacturing solutions for over 35 years, serving various industries including healthcare, aerospace, and automotive. Investors can access the webcast and replay through the company's investor relations website.

3D Systems (NYSE: DDD) announced that Amnovis, a Belgium-based additive manufacturing company, has integrated the DMP Flex 350 Dual into its production workflow. This dual-laser solution enhances productivity by at least 50% compared to single-laser systems while reducing costs. Amnovis aims to leverage this technology for high-quality medical devices and industrial applications. The DMP Flex 350 Dual offers flexible application use and efficient management of print jobs, contributing to a competitive edge in both medical and industrial sectors.