Welcome to our dedicated page for 3D Systems news (Ticker: DDD), a resource for investors and traders seeking the latest updates and insights on 3D Systems stock.
3D Systems Corporation develops additive manufacturing and digital manufacturing solutions built around 3D printers, materials, software and application engineering services. Its news commonly covers production systems for polymers and metals, NextDent dental printing and materials, SLA technology, factory software such as AddiTrak, and customer deployments in medical, dental, aerospace, defense, transportation, motorsports and industrial markets.
Company updates also include financial results, cost and efficiency programs, leadership changes, regulatory certifications for dental products, and commercial adoption of healthcare and industrial applications. These developments reflect the company’s focus on full-service solutions that combine hardware, materials, software and manufacturing expertise.
3D Systems announced a proposed offering of $350 million of convertible senior notes due 2026. An additional $52.5 million may be purchased by initial investors within 13 days of issuance. The notes will be unsecured and interest will be paid semiannually. They can be converted under certain conditions until 2026, upon which 3D Systems may pay cash, stock, or a combination upon conversion. The net proceeds will support general corporate purposes, including potential acquisitions. This offering is private and subject to market conditions.
3D Systems Corporation (NYSE:DDD) reported Q3 2021 revenue of $156.1 million, reflecting a 14.6% increase year-over-year. Adjusted for divestitures, revenue grew 35.9% compared to 2020. The company achieved a 10.5% adjusted EBITDA margin and generated $20.7 million in positive cash flow, marking four consecutive quarters of positive operations. Following divestitures, cash reserves stand at $502.8 million with no debt. 3D Systems announced acquisitions of Oqton and Volumetric Biotechnologies to drive future high-margin growth. Gross profit margin was 41.2%.
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 $45 million, with potential milestone earnouts up to $355 million. The acquisition aims to advance bioprinting technology for human organ replacement, enhancing regenerative medicine capabilities. Volumetric's 20,000 sq. ft. facility will be established in Houston's East End Maker Hub. This deal strengthens 3D Systems' partnership with United Therapeutics Corporation (NASDAQ: UTHR) for organ therapy development.
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.