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

3D Systems has partnered with HII to develop the copper-nickel alloy CuNi30, designed for direct metal printing. This innovation can potentially reduce lead times by up to 75%, addressing the needs in marine, offshore oil & gas, and chemical industries. The alloy boasts an average relative density of 99.88%, significantly surpassing traditional casting methods. CuNi30 will be available in Q4 2022, enhancing supply chain efficiency while minimizing inventory costs. This advancement could revolutionize manufacturing processes in sectors requiring corrosion-resistant materials.

3D Systems (NYSE:DDD) has appointed Dr. Toby Cosgrove and Dr. Bon Ku to its Medical Advisory Board, expanding its expertise in regenerative medicine. Dr. Cosgrove, former CEO of the Cleveland Clinic, brings extensive healthcare leadership and innovation experience. Dr. Ku, a leader in healthcare technology, directs the Health Design Lab at Thomas Jefferson University. Their appointments aim to enhance 3D Systems' growth in areas like human tissue printing and medical device innovation. Both professionals are expected to contribute significantly to the company’s strategic direction.

3D Systems Corporation (NYSE: DDD) reported Q2 2022 financial results, with revenue of $140.0 million, a 13.8% decline from Q2 2021. Non-GAAP revenue, excluding divestitures, increased 7.8% due to robust demand in Industrial and Healthcare sectors, despite supply chain issues. The company posted a diluted GAAP loss per share of $0.26. Cash reserves stand at $638.2 million. FY 2022 revenue guidance has been lowered to $530 million - $570 million, citing foreign exchange impacts and decreased customer spending.

3D Systems (NYSE:DDD) announced the appointment of Michael Turner as Executive Vice President and Chief Financial Officer, effective August 29, 2022. Turner, who brings over 20 years of financial expertise, previously served as CFO at Innovative Chemical Products and held various finance leadership roles at Albemarle Corporation. His experience includes driving financial controls and implementing technology-based strategies. CEO Dr. Jeffrey Graves expressed enthusiasm for Turner's impact on the company's growth trajectory. Wayne Pensky is recognized for his interim leadership during the transition.

3D Systems has collaborated with Fleet Space Technologies to develop RF patch antennas for their Alpha satellite constellation. Utilizing the DMP Flex 350 printer, Fleet Space will produce antennas in-house, significantly enhancing production efficiency. The development process, requiring only three weeks for small batch production, leverages advanced additive manufacturing techniques. This partnership aims to improve global connectivity and support sustainable mineral exploration. The DMP Flex 350 allows for precise manufacturing, reducing signal loss and operational costs.

3D Systems (NYSE:DDD) will announce its second quarter 2022 financial results on August 8, 2022, after U.S. market close. The company has scheduled a conference call and webcast for August 9, 2022, at 8:30 a.m. ET to discuss these results. Investors can access the webcast at 3D Systems Investor Relations. This event marks an important opportunity for stakeholders to gain insights into the company's performance and outlook.

3D Systems and EMS-GRILTECH have launched DuraForm® PAx Natural, a pioneering nylon copolymer for Selective Laser Sintering (SLS) platforms. Designed for high-impact and elongation applications, it operates at low temperatures (120°C), enhancing printing efficiency and reducing time to delivery. As the exclusive distributor, 3D Systems reports that this eco-friendly material can increase production throughput and minimize waste, featuring over five years of indoor stability. Early adopters commend its performance, highlighting a shift in the cost structure for SLS technology.

3D Systems has appointed Dr. David J. Shulkin, former U.S. Secretary of Veterans Affairs, to its newly formed Medical Advisory Board. The board's mission is to enhance the company's initiatives in regenerative medicine. Dr. Shulkin, noted for his leadership in healthcare management, aims to guide 3D Systems in expanding its Healthcare Solutions business, primarily focusing on dental and orthopedic applications. His experience in patient-centered care is expected to bolster the company's strategic direction in applying 3D printing technologies in medicine.

United Therapeutics and 3D Systems Corporation have unveiled the world's most complex 3D-printed object – a human lung scaffold – at the LIFE ITSELF Conference in San Diego. The scaffolds, demonstrating gas exchange in animal models, consist of 44 trillion voxels with extensive pulmonary structures and are expected to enter human clinical trials within five years. Additionally, current methods extend the viability of human donor lungs, enhancing transplant availability. This initiative aligns with United Therapeutics’ goal to create an unlimited supply of transplantable organs.