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) 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.
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.