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

3D Systems (NYSE:DDD) announced it will release its Q3 2024 financial results after market close on Tuesday, November 26, 2024, followed by a conference call on Wednesday, November 27. The company received a NYSE Notice on November 19 for non-compliance with listing requirements due to delayed filing of its Q3 Form 10-Q. While this notice doesn't immediately affect DDD's NYSE listing, the company has six months to regain compliance. 3D Systems expects to resolve this by filing the Form 10-Q on November 26, 2024.

3D Systems (NYSE:DDD) announced that Sauber Motorsports will enhance its manufacturing workflow with 10 new 3D printers - eight SLA 750 Dual and two PSLA 270 units. The implementation aims to accelerate wind tunnel testing and increase production capacity. The SLA 750 Dual, recognized as the fastest Stereolithography solution available, offers superior print size, speed, and accuracy. Sauber becomes the first Formula 1 team to adopt the new PSLA technology, which combines accuracy with speed. The partnership builds on a nearly two-decade relationship between the companies, supporting the growing automotive 3D printing market, which is projected to reach $7.9 billion by 2027.

3D Systems (NYSE:DDD) announced preliminary Q3 2024 revenue of approximately $112.9 million, representing a $10.9 million decrease from Q3 2023's $123.8 million. The decline was primarily due to macroeconomic factors affecting hardware systems sales. However, consumable materials revenue grew 10% year-over-year and 9% sequentially. The company's Personalized Healthcare business showed strong performance with nearly 20% growth. The company secured FDA clearances for multi-material jetted dentures and TOTAL ANKLE Patient-Matched Guides. The Q3 2024 Form 10-Q filing is delayed due to required interim valuation of goodwill and long-lived assets.

3D Systems (NYSE:DDD) announces multiple new products at Formnext 2024, including the PSLA 270 platform with Wash 400/Wash 400F and Cure 400 post-processing solutions. The company introduces Figure 4 Rigid Composite White and Accura AMX Rigid Composite White materials in Europe, designed for high-stiffness parts production. The launch includes new materials for SLS and MultiJet Printing platforms, plus a new powder management system for the DMP Flex 200. These innovations aim to accelerate production speed, improve part quality, and enhance manufacturing efficiency.

3D Systems (NYSE:DDD) has received FDA 510(k) clearance for its innovative multi-material, monolithic jetted denture solution. This first-to-market offering combines NextDent® Jet Denture Teeth and NextDent® Jet Denture Base materials with 3D Systems' jetting technology, software, and services. The solution enables the production of durable, long-wear, and aesthetically pleasing dentures in a single print session.

Glidewell, a major dental device producer, is implementing this solution into its production workflow. The FDA clearance represents a significant milestone in 3D Systems' strategic initiative to expand its digital dentistry solution portfolio. This new denture product family is expected to tap into a market estimated to exceed $2 billion by 2028, significantly expanding the company's addressable dental market.

3D Systems (NYSE:DDD) has received FDA 510(k) clearance for its TOTAL ANKLE Patient-Matched Guides, designed to work with Smith+Nephew's total ankle replacement solutions. This expansion of 3D Systems' orthopedic surgical planning portfolio leverages the company's VSP surgical planning workflows and advanced 3D printing technologies. The patient-specific guides aim to improve surgical efficiency and accuracy while reducing procedural steps and operating room time.

Key highlights include:

• Over 175,000 patient-matched cases supported
• Collaboration with Smith+Nephew for tailored total ankle replacement surgery
• Potential for reduced intraoperative x-ray radiation
• Expansion into large joint and trauma applications
• Growing orthopedic devices market, anticipated to reach $5.3 billion by 2032

3D Systems (NYSE:DDD) has achieved a significant milestone in commercializing Oqton Manufacturing OS, a solution designed to enable on-demand additive manufacturing in regulated markets. Baker Hughes, an energy technology company, has successfully implemented this system in its central manufacturing facilities in Houston, Texas, marking a major step in their commercial software agreement from March 2023.

The Oqton Manufacturing OS has demonstrated impressive results, including a 98% reduction in active monitoring engineering time, saving 136 engineering hours per printer annually, and an 18% reduction in scrap-related costs. The system provides full factory-floor workflow integration, automation, control, and optimization from part design through inspection and certification.

This development is significant as the global manufacturing operations management software market is expected to grow from $16.4 billion in 2022 to $52.7 billion by 2032, according to Spherical Insights.

3D Systems (NYSE:DDD) has introduced QuickCast Air™, an advanced tool in its investment casting portfolio. This innovation maximizes material removal from casting pattern interiors, resulting in:

• Up to 50% reduction in material consumption
• Multi-hour reduction in build times
• Cleaner burnout processes
• Improved draining efficiency

QuickCast Air enhances 3D Systems' pioneering QuickCast® solution, which has been an industry standard for additively manufactured casting patterns since the mid-1990s. The tool is available through 3D Systems' 3D Sprint® software, offering customers greater design flexibility and cost-effectiveness compared to traditional injection molded wax patterns. This development aligns with the growing investment casting market, projected to reach $33.9 billion by 2034.

3D Systems (NYSE:DDD) reported Q2 2024 financial results with revenue of $113.3 million, a 10.1% increase quarter-over-quarter but an 11.7% decrease year-over-year. The company posted a net loss of $27.3 million and a diluted loss per share of $0.21. Gross profit margin improved to 41.6%, up from 39.0% in the same period last year. Healthcare Solutions revenue decreased 19.7% to $48.9 million, while Industrial Solutions revenue fell 4.4% to $64.4 million compared to Q2 2023.

3D Systems updated its 2024 outlook, projecting full-year revenues between $450 million - $460 million, with expected sequential improvements in Q3 and Q4. The company anticipates Non-GAAP gross profit margin of 40% - 42% for the year and aims to reduce Non-GAAP operating expenses to less than $60 million by Q4 2024.