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

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%.