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 (NYSE: DDD) announced a conference call to discuss its Q2 2020 financial results on August 5, 2020, at 4:30 PM ET. The company will release these results and file its Form 10-Q after the market closes that same day. Investors can listen through a webcast or participate via telephone at 201-689-8345. A replay will be available approximately two hours after the call at the same link. Forward-looking statements are cautioned, emphasizing the uncertainty surrounding future results.
3D Systems Corporation (NYSE:DDD) reported Q1 2020 GAAP revenue of $134.7 million, down from $152.0 million a year ago, largely affected by COVID-19. Printer revenue declined 35.5%, while healthcare solutions and on-demand services also saw decreases of 7.3% and 12.8%, respectively. The company reported a GAAP loss of $0.17 per share, an improvement from $0.22 in Q1 2019. Operating expenses decreased by 13.4% to $75.4 million, while gross profit margins slightly decreased. 3D Systems utilized a tax benefit of $3.2 million under the CARES Act.