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3D Systems Corporation (NYSE: DDD), a pioneer in additive manufacturing and digital dentistry solutions, provides investors and industry professionals with critical updates through this centralized news hub. Track official press releases, financial disclosures, and strategic developments from the company redefining 3D printing applications across healthcare, aerospace, and industrial manufacturing.
This resource offers timely access to earnings announcements, regulatory filings, and innovation milestones. Users will find updates on advanced manufacturing technologies like the Oqton Manufacturing OS, healthcare breakthroughs in patient-specific medical devices, and industrial applications of QuickCast Air investment casting solutions.
Key content categories include quarterly financial results, product launches, strategic partnerships, and regulatory compliance achievements. The curated collection serves as a reliable reference for assessing 3D Systems' market position and technological leadership in high-precision manufacturing.
Bookmark this page to stay informed about DDD's progress in materials science advancements, software platform enhancements, and global manufacturing initiatives. Check regularly for verified updates directly impacting investment decisions and industry analysis.
3D Systems (NYSE:DDD) reported Q1 2024 financial results with revenue of $102.9 million, down 15.1% year-over-year. The decrease was primarily due to lower printer sales, partially offset by growth in materials and services. Gross profit margin improved to 39.8% (40.1% non-GAAP). The company reported a net loss of $16.0 million or $0.12 per share, including $5 million in excess audit fees. Healthcare Solutions revenue decreased 6.8% to $45.4 million, while Industrial Solutions revenue fell 20.7% to $57.5 million. 3D Systems expects Q2 2024 revenues between $113.0 - $113.5 million and plans to host a conference call on August 29, 2024, to discuss first-half 2024 results.
3D Systems (NYSE:DDD) announced its final 2023 financial results and plans to file its Annual Report on Form 10-K after market on August 13, 2024. Key points include:
1. No change in revenue ($488,069,000) but a slight improvement in net loss compared to preliminary results.
2. Significant filing delays and added costs due to extended close activities and audit procedures.
3. Higher G&A expenses for 2024, with external auditor fees and outside services expected to total over $9 million.
4. Plans to release Q1'24 results around August 19, 2024, and Q2'24 results the week of August 26, 2024.
5. Transition of independent audit firm began in Q1 2024, with substantial improvement in operating expenses expected from Q4.
3D Systems announced that NAMI has purchased their metal and polymer additive manufacturing technologies to enhance the supply chain of the Saudi Electricity Company (SEC).
Technologies include the DMP Factory 500, DMP Flex 350 Dual, and SLS 380. This will support SEC in producing spare parts locally, reducing production time, storage needs, and costs, while increasing efficiency.
The collaboration aims to develop a digital inventory system, reduce physical inventory requirements, and implement NoSupports printing strategies. The partnership is part of Saudi Arabia's Vision 2030 to boost local manufacturing in the defense, energy, and manufacturing sectors.
The additive manufacturing market in the energy sector is projected to grow from $2.6 billion in 2023 to $17 billion by 2032.
3D Systems (NYSE: DDD) announced a strategic partnership with Precision Resource to enhance metal additive manufacturing applications in critical markets such as automotive, aerospace, and medical devices. Precision Resource will integrate two 3D Systems DMP Flex 350 Dual 3D printers into its Huntington Beach facility. These printers offer superior environmental control and inert atmosphere capabilities, ensuring high-quality parts. The collaboration aims to leverage both companies' expertise to meet evolving customer needs and address supply chain issues through vertical integration. The DMP Flex 350 platform supports flexible applications from development to serial production and includes features like quick module swaps, fast powder recycling, and a central server for 24/7 productivity.
According to Chris Gratton from Precision Resource, this partnership will position the company at the forefront of metal additive manufacturing advancements. Jeph Ruppert from 3D Systems highlighted the collaboration's potential to improve quality, reduce costs, and expedite time-to-market for high-criticality components.
3D Systems (NYSE:DDD) announced the EXT 800 Titan Pellet, a new addition to its pellet extrusion systems portfolio. With a build volume of 800 x 600 x 800 mm, this compact, cost-effective system offers manufacturers high-speed printing at up to 10 times the speed and 10 times lower material costs than traditional filament-based systems. It is designed for a wide range of applications, including aerospace, defense, and foundries, and supports materials like ABS, PC, and Nylons. The EXT 800 Titan Pellet will be available for ordering immediately, with deliveries starting in Q3 2024.
3D Systems (NYSE:DDD) is expanding its portfolio in the digital dentistry market, focusing on tooth alignment, protection, repair, and replacement. The company announced its largest contract ever, valued at nearly a quarter billion dollars over five years, for clear aligner manufacturing. They plan to launch direct printing technology for clear aligners by late 2025 and are expanding into night guards and single-piece dentures, targeting approvals by late 2024. The dental market is expected to reach $14 billion by 2032. 3D Systems aims to lead in this market with a broad range of 3D printing solutions.
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