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 (NYSE:DDD) has announced management will present at two upcoming virtual investor conferences. The Stifel 2021 Virtual Cross Sector Insight Conference is scheduled for June 8, 2021, at 9:20 a.m. ET, followed by the BofA Securities 2021 Global Technology Conference on June 9, 2021, at 1:00 p.m. ET. Interested investors can access live webcasts of these presentations via the Investor Relations section of 3D Systems’ website, with replays available for at least 30 days.
3D Systems (NYSE: DDD) announced the addition of four high-performance resins to its Figure 4 portfolio for production and prototyping. The materials, including the Figure 4 High Temp 150C FR Black, are designed for demanding applications in sectors like aerospace, automotive, and healthcare. They offer long-term mechanical performance and environmental stability, tested for eight years indoors and 1.5 years outdoors. The new 3D Sprint software boosts productivity by 40%. General availability is expected by mid-June 2021.
3D Systems Corporation (NYSE: DDD) reported a 7.7% increase in Q1 2021 revenue, amounting to $146.1 million, driven by 16.6% organic growth excluding divestitures. The company achieved 44.0% gross margins and GAAP earnings of $0.36 per share, marking a turnaround from a loss of $0.17 per share in Q1 2020. Strong growth in the Healthcare sector, which grew 39%, was noted, while Industrial sales saw a slight decrease of 11.7%. Significant cash reserves of $133 million and focused investments indicate a positive long-term outlook.
3D Systems (NYSE:DDD) announced significant acquisitions to bolster its initiatives in regenerative medicine and industrial-scale additive manufacturing. The company acquired Allevi, a bioprinting solutions provider, to enhance its capabilities in medical research and development labs, targeting a market projected to grow over 15% annually. Additionally, 3D Systems has signed an agreement to acquire Additive Works, a software firm specializing in optimization for 3D printing. These strategic moves aim to accelerate growth and address expanding application opportunities in these fields.
3D Systems has announced a significant expansion of its facility in Denver, Colorado, adding 50,000 square feet to support its healthcare solutions. This will enhance the company's capacity for patient-specific healthcare and industrial applications, utilizing advanced polymer and metal additive manufacturing technologies. The expansion aims to meet the growing demand for high-reliability products and is expected to be completed in the second quarter of 2022.
3D Systems (NYSE: DDD) has launched VSP® Hybrid Guides, a groundbreaking solution for maxillofacial surgeons combining titanium's strength with nylon's softness, enhancing surgical precision. Developed from customer feedback, these patient-specific guides offer improved visibility and confidence during procedures. The guides are designed for easy connection and can accommodate multiple cutting locations, saving time in the operating room. Currently in a limited launch, they're expected to be widely available by May 2021, marking a significant advancement in personalized surgical solutions.
3D Systems (DDD) announced its financial results for Q1 2021 will be available after market close on May 10, 2021. A conference call and webcast for discussing these results is scheduled for May 11, 2021, at 8:30 a.m. Eastern Time. Investors can listen via the company’s investor website or participate through a dedicated telephone line. The company has provided standard forward-looking statements cautioning about risks and uncertainties that may affect future results and performance.
3D Systems (NYSE: DDD) announced a collaboration with Huntington Ingalls Industries’ Newport News Shipbuilding to develop Copper-Nickel (CuNi) and Nickel-Copper (NiCu) alloys for additive manufacturing. These new marine alloys aim to replace traditional casting methods, potentially reducing lead times by up to 75% and enhancing supply chain efficiency. The materials, known for their corrosion resistance and durability, will enable the production of complex parts traditionally made through lengthy casting processes. Successful development could expand 3D Systems' materials portfolio for various applications.
3D Systems announced a delay in filing its Annual Report on Form 10-K due to cash flow presentation issues related to the divestiture of its Cimatron and GibbsCam software businesses. Despite this, the company reported a Q4 2020 revenue of $172.7 million, a 2.6% increase from Q4 2019, driven by a 48% growth in its Healthcare segment. Overall FY 2020 revenue was $557.2 million, down 12.4% from 2019 due to COVID-19 impacts. The company anticipates gross profit margins between 40% and 44% for 2021, with improved liquidity and cost savings initiatives enhancing future prospects.
3D Systems (NYSE:DDD) has launched its High Speed Fusion (HSF) industrial 3D printer platform, developed in collaboration with Jabil Inc. The new Roadrunner printer promises printing speeds three times faster than standard systems while achieving high precision. With capabilities for high-temperature materials, the marketplace for these solutions is valued at over $400 million. This innovation aims to cater to demanding sectors like aerospace and automotive, addressing previous limitations of high production costs and low throughput.