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3D Systems Corporation (DDD) Report Analysis

Corporate Events

Negative

3D Systems Corporation(NYSE:DDD) dropped from R...

2022-06-24 00:00:00

3D Systems Corporation(NYSE:DDD) dropped from Russell Small Cap Comp Growth Index

Negative

3D Systems Corporation(NYSE:DDD) dropped from R...

2022-06-24 00:00:00

3D Systems Corporation(NYSE:DDD) dropped from Russell 2000 Growth Index

Negative

3D Systems Corporation(NYSE:DDD) dropped from R...

2022-06-24 00:00:00

3D Systems Corporation(NYSE:DDD) dropped from Russell 3000 Growth Index

Negative

3D Systems Corporation(NYSE:DDD) dropped from R...

2022-06-24 00:00:00

3D Systems Corporation(NYSE:DDD) dropped from Russell 3000E Growth Index

Negative

3D Systems Corporation(NYSE:DDD) dropped from R...

2022-06-24 00:00:00

3D Systems Corporation(NYSE:DDD) dropped from Russell 2500 Growth Index

Negative

3D Systems Corporation Announces Appointment of...

2022-06-07 20:05:00

3D Systems Corporation announced appointment of David J. Shulkin, MD, former United States secretary of veterans affairs, to the company’s rec...

Neutral

3D Systems Corporation has filed a Shelf Regist...

2022-05-27 00:00:00

3D Systems Corporation has filed a Shelf Registration in the amount of $73.2336 million. Security Name: Common Stock Securities Offered: 6...

Neutral

3D Systems Corporation Presents at Stifel 2022 ...

2022-05-25 20:14:00

3D Systems Corporation Presents at Stifel 2022 Cross Sector Insight Conference, Jun-08-2022 03:35 PM. Venue: The InterContinental Boston Hotel...

Negative

3D Systems Announces Establishment of Medical A...

2022-05-16 12:30:00

3D Systems announced the formation of the company’s first Medical Advisory Board (MAB) and the appointment of Stephen K. Klasko, MD, MBA as Ch...

Neutral

3D Systems & Airbus Defence and Space Create No...

2022-05-11 20:05:00

3D Systems announced the company has been selected by Airbus Defence and Space to produce critical components for its industry-first satellite...

Positive

3D Systems Seeks Acquisitions

2022-05-10 12:30:00

3D Systems Corporation (NYSE:DDD) is looking for acquisitions. Jagtar Narula, Executive Vice President and Chief Financial Officer, said "we c...

Positive

3D Systems Corporation Revises Earnings Guidanc...

2022-05-09 20:10:00

3D Systems Corporation revised earnings guidance for the full year 2022. The company is narrowing its full-year 2022 guidance. The company now...

Neutral

3D Systems Announces Executive Changes

2022-04-26 10:05:00

On April 21, 2022, Jagtar Narula notified 3D Systems Corporation of his resignation as Executive Vice President and Chief Financial Officer of...

Negative

3D Systems Corporation Announces CFO Transition

2022-04-25 21:00:00

3D Systems Corporation announced that Jagtar Narula is stepping down as the company’s Chief Financial Officer, effective May 20, 2022, to acce...

Neutral

3D Systems Announces Revenue Guidance for 2022

2022-04-25 21:00:00

3D Systems announced revenue guidance for 2022. For the period, the company expects full-year 2022 revenue to be within a range of $570 millio...

Positive

3D Systems Corporation Announces Vsp® Bolus to ...

2022-04-21 20:05:00

3D Systems Corporation announced its entry into the radiation oncology market with FDA 510(k) clearance of VSP® Bolus, a solution designed to ...

Neutral

3D Systems Corporation - Analyst/Investor Day

2022-04-20 20:05:00

3D Systems Corporation - Analyst/Investor Day

Neutral

3D Systems Corporation, Q1 2022 Earnings Call, ...

2022-04-18 20:05:00

3D Systems Corporation, Q1 2022 Earnings Call, May 10, 2022

Neutral

3D Systems Corporation to Report Q1, 2022 Resul...

2022-04-18 20:05:00

3D Systems Corporation announced that they will report Q1, 2022 results After-Market on May 09, 2022

Neutral

3D Systems Corporation, Annual General Meeting,...

2022-04-11 15:54:00

3D Systems Corporation, Annual General Meeting, May 24, 2022, at 14:30 US Eastern Standard Time. Agenda: To consider the election of the 10 di...

Neutral

3D Systems Corporation - Shareholder/Analyst Call

2022-04-11 15:54:00

Annual Meeting

Positive

3D Systems Introduces SLA 750 – the Fastest Ste...

2022-04-04 12:00:00

3D Systems announced the SLA 750 stereolithography additive manufacturing solution. Designed to address large format or high volume production...

Positive

3D Systems Corporation (NYSE:DDD) acquired Kumo...

2022-04-01 00:00:00

3D Systems Corporation (NYSE:DDD) agreed to acquire KUMOVIS GmbH on February 23, 2022. The consideration will be paid in cash. In a related tr...

Positive

3D Systems Corporation (NYSE:DDD) completed the...

2022-04-01 00:00:00

3D Systems Corporation (NYSE:DDD) agreed to acquired Titan Robotics, Ltd. on February 23, 2022. In a separate transaction, on February 23, 202...

Positive

3D Systems Corporation and Saudi Arabian Indust...

2022-03-29 20:05:00

3D Systems and the Saudi Arabian Industrial Investments Company (Dussur) have signed an agreement intended to expand the use of additive manuf...

Neutral

Stifel, Nicolaus & Company, Incorporated, Stife...

2022-03-02 19:15:00

Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022. Venue: The InterCont...

Negative

3D Systems Names Claudia Napal Drayton to Board...

2021-12-02 15:15:00

3D Systems announced the appointment of Ms. Claudia Napal Drayton to its Board of Directors, effective immediately. Ms. Drayton currently serv...

Positive

3D Systems Corporation (NYSE:DDD) acquired Volu...

2021-12-01 00:00:00

3D Systems Corporation (NYSE:DDD) agreed to acquire Volumetric Biotechnologies, Inc. for $400 million on October 27, 2021. The transaction is ...

Positive

3D Systems Advances Production Applications wit...

2021-11-15 13:30:00

3D Systems announced a host of innovations designed to enhance customer success and catalyze industries. The company is introducing high-throu...

Positive

3D Systems Corporation has completed a Fixed-In...

2021-11-11 00:00:00

3D Systems Corporation has completed a Fixed-Income Offering in the amount of $400 million. Security Name: Zero Coupon Senior Unsecured Not...

Positive

3D Systems Corporation has announced a Fixed-In...

2021-11-10 00:00:00

3D Systems Corporation has announced a Fixed-Income Offering. Security Name: Senior Unsecured Notes due November 15, 2026 Security Type: C...

Positive

3D Systems Corporation (NYSE:DDD) completed the...

2021-11-01 00:00:00

3D Systems Corporation (NYSE:DDD) entered into an agreement to acquire Oqton, Inc. for approximately $190 million on September 8, 2021. The pu...

Positive

3D Systems Corporation, Volumetric, Inc. - M&A Call

2021-10-28 00:00:00

3D Systems Corporation, Volumetric, Inc. - M&A Call

Positive

3D Systems and United Therapeutics Corporation ...

2021-10-27 20:25:00

3D Systems announced an expansion of its joint development program with United Therapeutics Corporation. The development and license agreement...

Positive

3D Systems Corporation (NYSE:DDD) agreed to acq...

2021-10-27 00:00:00

3D Systems Corporation (NYSE:DDD) agreed to acquire Volumetric Biotechnologies, Inc. for $400 million on October 27, 2021. The transaction is ...

Neutral

3D Systems Corporation, Q3 2021 Earnings Call, ...

2021-10-18 20:03:00

3D Systems Corporation, Q3 2021 Earnings Call, Nov 09, 2021

Neutral

3D Systems Corporation to Report Q3, 2021 Resul...

2021-10-18 20:03:00

3D Systems Corporation announced that they will report Q3, 2021 results After-Market on Nov 08, 2021

Positive

3D Systems Introduces VisiJet® Wax Jewel Red

2021-09-10 07:30:00

3D Systems introduced VisiJet® Wax Jewel Red – the latest innovation to its materials portfolio that is transforming the art of jewelry produc...

Positive

3D Systems Corporation, Oqton, Inc. - M&A Call

2021-09-08 20:15:00

To discuss 3D Systems Acquisition of Oqton

Positive

3D Systems Corporation (NYSE:DDD) entered into ...

2021-09-08 00:00:00

3D Systems Corporation (NYSE:DDD) entered into an agreement to acquire Oqton, Inc. for approximately $190 million on September 8, 2021. The pu...

Neutral

3D Systems Corporation Presents at RAPID + TCT ...

2021-09-07 14:38:00

3D Systems Corporation Presents at RAPID + TCT 2021, Sep-13-2021 09:30 AM. Venue: McCormick Place, Chicago, Illinois, United States. Speakers:...

Negative

3D Systems Appoints Dr. Brent Stucker as Chief ...

2021-09-07 12:30:00

3D Systems announced that Dr. Brent Stucker is joining the company to serve in the newly created role of Chief Scientist. Dr. Stucker was prev...

Positive

3D Systems Corporation Accelerates Access to Ad...

2021-09-02 12:30:00

3D Systems Corporation announced two additions to its industry-leading materials portfolio – Certified Scalmalloy (A) and Certified M789 (A) -...

Neutral

Rapid News Group, SME, RAPID + TCT 2021, Sep ...

2021-08-04 15:14:00

Rapid News Group, SME, RAPID + TCT 2021, Sep 13, 2021 through Sep 15, 2021. Venue: McCormick Place, Chicago, Illinois, United States.

Neutral

American Society Of Mechanical Engineers, The (...

2021-07-27 13:58:00

American Society Of Mechanical Engineers, The (inc), AM Industry Summit, Aug 03, 2021 through Aug 04, 2021.

Neutral

3D Systems Corporation Presents at AM Industry ...

2021-07-27 13:02:00

3D Systems Corporation Presents at AM Industry Summit, Aug-03-2021 through Aug-04-2021. Presentation Date & Speakers: Aug-03-2021, Kevin Baugh...

Positive

3D Systems Introduces First Material for Long-T...

2021-07-13 12:30:00

3D Systems announced the availability of a breakthrough production-grade acrylate resin – Accura AMX Rigid Black. Designed for use with the co...

Neutral

3D Systems Corporation to Report Q2, 2021 Resul...

2021-07-12 20:03:00

3D Systems Corporation announced that they will report Q2, 2021 results After-Market on Aug 09, 2021

Neutral

3D Systems Corporation, Q2 2021 Earnings Call, ...

2021-07-12 20:03:00

3D Systems Corporation, Q2 2021 Earnings Call, Aug 10, 2021

Negative

3D Systems Appoints David Leigh, Joins as Chief...

2021-06-28 12:30:00

3D Systems announced it is expanding its executive leadership team focused on innovation with the addition of a Chief Technology Officer for A...

Negative

3D Systems Corporation(NYSE:DDD) dropped from Russell Small Cap Comp Growth Index

2022-06-24 00:00:00

3D Systems Corporation(NYSE:DDD) dropped from Russell Small Cap Comp Growth Index

Negative

3D Systems Corporation(NYSE:DDD) dropped from Russell 2000 Growth Index

2022-06-24 00:00:00

3D Systems Corporation(NYSE:DDD) dropped from Russell 2000 Growth Index

Negative

3D Systems Corporation(NYSE:DDD) dropped from Russell 3000 Growth Index

2022-06-24 00:00:00

3D Systems Corporation(NYSE:DDD) dropped from Russell 3000 Growth Index

Negative

3D Systems Corporation(NYSE:DDD) dropped from Russell 3000E Growth Index

2022-06-24 00:00:00

3D Systems Corporation(NYSE:DDD) dropped from Russell 3000E Growth Index

Negative

3D Systems Corporation(NYSE:DDD) dropped from Russell 2500 Growth Index

2022-06-24 00:00:00

3D Systems Corporation(NYSE:DDD) dropped from Russell 2500 Growth Index

Negative

3D Systems Corporation Announces Appointment of David J. Shulkin to Medical Advisory Board

2022-06-07 20:05:00

3D Systems Corporation announced appointment of David J. Shulkin, MD, former United States secretary of veterans affairs, to the company’s recently established medical advisory board (MAB). The primary mission of the MAB is to provide strategic input, guidance, and recommendations for the company’s expanding efforts in regenerative medicine. As one of the country’s most highly respected experts in health care management, Secretary Shulkin is widely recognized as a visionary leader for patient-centered care. His passion and expertise led to his early appointment as the first chief medical officer for the University of Pennsylvania Health System, and later as president and CEO of Beth Israel medical center in New York. As a testament to his leadership and vision, in 2015 Dr. Shulkin was appointed by president Barack Obama to serve as Undersecretary of veterans affairs for health in the United States department for veterans affairs (VA). Recognizing Dr. Shulkin’s leadership capabilities, in 2017 he was nominated by president Donald Trump to become the ninth United States Secretary of Veterans Affairs. Shulkin was confirmed by the Senate 100-0, becoming the most senior government official to serve under both presidents Obama and Trump. During his tenure, secretary Shulkin worked to transform and modernize the VA healthcare system, the Government’s second-largest organization with over 350,000 employees and 1,700 facilities nationwide. Since leaving the VA, secretary Shulkin has continued his distinguished career as a leading spokesman for patient-centered care and the continued transformation of health care to increase quality and accessibility to all in need. Shulkin is the author of three books, and the recipient of numerous career achievement awards, including his being named as one of the 100 most influential leaders in healthcare by modern healthcare.

Neutral

3D Systems Corporation has filed a Shelf Registration in the amount of $73.2336 million.

2022-05-27 00:00:00

3D Systems Corporation has filed a Shelf Registration in the amount of $73.2336 million. Security Name: Common Stock Securities Offered: 6,935,000 Transaction Features: ESOP Related Offering

Neutral

3D Systems Corporation Presents at Stifel 2022 Cross Sector Insight Conference, Jun-08-2022 03:35 PM

2022-05-25 20:14:00

3D Systems Corporation Presents at Stifel 2022 Cross Sector Insight Conference, Jun-08-2022 03:35 PM. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.

Negative

3D Systems Announces Establishment of Medical Advisory Board & Appointment of Stephen K. Klasko as Chair

2022-05-16 12:30:00

3D Systems announced the formation of the company’s first Medical Advisory Board (MAB) and the appointment of Stephen K. Klasko, MD, MBA as Chair. Dr. Klasko, who will serve as the MAB’s first Chair, is one of the most respected executives in the healthcare industry today, known for bridging the entrepreneurial mindset of Silicon Valley with the current healthcare ecosystem.

Neutral

3D Systems & Airbus Defence and Space Create Novel Passive RF Components for First Fully Reconfigurable Satellite

2022-05-11 20:05:00

3D Systems announced the company has been selected by Airbus Defence and Space to produce critical components for its industry-first satellite innovation, OneSat. 3D Systems' Application Innovation Group (AIG) has designed an end-to-end additive manufacturing solution -- comprising materials, 3D printing technology, software, and applications expertise -- to produce the components required for the large antenna array on these satellites. Additively manufacturing these components offers design freedom to enable weight reduction, part performance optimization, and faster time to market which aids in more rapid deployment of these unique satellites to meet end-users' needs. 3D Systems was selected for this important project based on the part quality achievable with its DMP systems as well as its demonstrated expertise and performance working with Airbus Defence and Space over the past seven years. Previous collaborations include production of the first 3D printed radio frequency (RF) filter tested and validated for use in commercial telecommunications satellites and the production of innovative switch assembly network designs for two Eurostar Neo spacecraft as part of the first large-scale deployment of RF products using direct metal printing. Each OneSat satellite requires two large antenna arrays, one to transmit signals and one to receive. 3D Systems' DMP Factory 500 Solution will be employed for serial production of the antennae components using LaserForm AlSi10Mg and specific parameters developed by the AIG for this application to achieve the required 30um layer thickness. The DMP Factory 500 was selected for this project based on its build volume (500mm x 500mm x 500mm), accuracy, and rapid print speed. The intelligent multi-laser configuration of this printer enables the production of seamless large parts resulting in the highest surface quality with outstanding material properties. The printer includes a unique vacuum chamber that allows for the lowest possible oxygen (O(2)) content in the build chamber protecting chemical composition and reducing the moisture content of the metal powder alloys during manufacturing. This ensures optimum operating conditions for consistent part quality (e.g., mechanical properties and surface homogeneity), which is necessary for an industry with such high requirements for quality and precision. The DMP Factory 500 also includes 3DXpert(R) which supports every step of the additive manufacturing workflow from design to post-processing, to quickly and efficiently transition from a 3D model to successfully printed parts. In addition to providing design and production expertise, 3D Systems' Application Innovation Group is also acting in the capacity of project manager. The company has identified subcontractors that are conducting post-processing and quality inspection, thus delivering a comprehensive end-to-end solution designed to help Airbus Defence and Space mitigate risk and reduce time to market.

Positive

3D Systems Seeks Acquisitions

2022-05-10 12:30:00

3D Systems Corporation (NYSE:DDD) is looking for acquisitions. Jagtar Narula, Executive Vice President and Chief Financial Officer, said "we continue to have a very strong balance sheet with ample cash to fund organic growth opportunities and potential acquisitions. We believe investments both organically and through acquisitions support our strategy of driving recurring revenue growth and higher adoption of additive manufacturing in both the industrial and healthcare segments".

Positive

3D Systems Corporation Revises Earnings Guidance for the Full Year 2022

2022-05-09 20:10:00

3D Systems Corporation revised earnings guidance for the full year 2022. The company is narrowing its full-year 2022 guidance. The company now expected revenue to be within a range of $580 million and $625 million.

Neutral

3D Systems Announces Executive Changes

2022-04-26 10:05:00

On April 21, 2022, Jagtar Narula notified 3D Systems Corporation of his resignation as Executive Vice President and Chief Financial Officer of the Company, effective May 20, 2022, to accept a new career opportunity. On April 22, 2022, the Company engaged Wayne Pensky as the Company’s Interim Chief Financial Officer, effective May 21, 2022. Mr. Pensky, age 66, previously served in this same role for the Company from May 26 to September 13, 2020. Prior to his service as Interim Chief Financial Officer for the Company, Mr. Pensky retired as Executive Vice President and Chief Financial Officer of Hexcel Corporation (“Hexcel”), a multinational manufacturer of advanced composite materials used in aerospace and industrial applications, in December 2017. He joined Hexcel in 1993 as Corporate Controller and Chief Accounting Officer and served in a number of capacities of increasing responsibility until becoming Chief Financial Officer in May 2016. From 1979 to 1993, Mr. Pensky was a partner at Arthur Andersen & Co.

Negative

3D Systems Corporation Announces CFO Transition

2022-04-25 21:00:00

3D Systems Corporation announced that Jagtar Narula is stepping down as the company’s Chief Financial Officer, effective May 20, 2022, to accept a new career opportunity. Wayne Pensky, former chief financial officer of Hexcel Corporation, has been appointed interim CFO, effective May 21. The company has initiated an executive search to identify a permanent finance leader.Mr. Pensky retired in 2017 after 24 years with Hexcel, a multinational manufacturer of advanced composite materials used in aerospace and industrial applications. He served as CFO for his last 10 years with Hexcel, during which time Hexcel’s revenue doubled to more than $2 billion and its net income grew nearly four-fold.

Neutral

3D Systems Announces Revenue Guidance for 2022

2022-04-25 21:00:00

3D Systems announced revenue guidance for 2022. For the period, the company expects full-year 2022 revenue to be within a range of $570 million and $630 million.

Positive

3D Systems Corporation Announces Vsp® Bolus to Optimize Radiotherapy Targeting, Improve Patient Experience

2022-04-21 20:05:00

3D Systems Corporation announced its entry into the radiation oncology market with FDA 510(k) clearance of VSP® Bolus, a solution designed to deliver high-quality patient-specific radiotherapy treatment accessories. As the latest addition to the company’s VSP portfolio of personalized medical devices, VSP Bolus is the only solution on the market that offers a full design and production service based on the patient’s treatment plan. As a result, radiotherapy providers do not need specialized design software and expertise, allowing them to focus directly on patient treatment and care. 3D Systems’ deep experience in additive manufacturing of medical devices enables the company to deliver 3D-printed, biocompatible patient-specific boluses that can improve therapy modulation as well as patient comfort. Approximately 50% of patients diagnosed with cancer will receive radiotherapy as part of their treatment. To help target the radiation during treatment, the provider (e.g., medical physicist, dosimetrist, radiation oncologist) will use a bolus—a flexible device that conforms to the patient’s skin. Off-the-shelf boluses can often leave gaps between the device and the patient’s anatomy, which can result in insufficient dosing and may also expose adjacent anatomy to undesired radiation. With VSP Bolus, 3D Systems can design and deliver boluses that conform to a wide range of anatomies. The process begins with the patient’s imaging data and input from the radiotherapy professional. Using this information, VSP Bolus is designed at the requested material thickness to optimize the radiotherapy targeting. With these capabilities built into the solution, radiotherapy professionals are freed from the time-consuming task of creating the design and fabricating the accessory themselves. Once designed, 3D Systems’ engineers employ the company’s additive manufacturing solutions to produce a high-quality bolus from a soft material that contours to the patient’s anatomy, enabling more efficacious treatment and a more comfortable experience.

Neutral

3D Systems Corporation - Analyst/Investor Day

2022-04-20 20:05:00

3D Systems Corporation - Analyst/Investor Day

Neutral

3D Systems Corporation, Q1 2022 Earnings Call, May 10, 2022

2022-04-18 20:05:00

3D Systems Corporation, Q1 2022 Earnings Call, May 10, 2022

Neutral

3D Systems Corporation to Report Q1, 2022 Results on May 09, 2022

2022-04-18 20:05:00

3D Systems Corporation announced that they will report Q1, 2022 results After-Market on May 09, 2022

Neutral

3D Systems Corporation, Annual General Meeting, May 24, 2022

2022-04-11 15:54:00

3D Systems Corporation, Annual General Meeting, May 24, 2022, at 14:30 US Eastern Standard Time. Agenda: To consider the election of the 10 directors named in the proxy statement; to consider the approval, on an advisory basis, of the compensation paid to named executive officers; and to discuss other matters.

Neutral

3D Systems Corporation - Shareholder/Analyst Call

2022-04-11 15:54:00

Annual Meeting

Positive

3D Systems Introduces SLA 750 – the Fastest Stereolithography Printer

2022-04-04 12:00:00

3D Systems announced the SLA 750 stereolithography additive manufacturing solution. Designed to address large format or high volume production applications, the solution comprises the SLA 750 and SLA 750 Dual – the first synchronous, dual-laser stereolithography printer – as well as the company’s new Accura AMX Durable Natural material and the PostCure™ 1050 post-processing system. The solution is optimized for cost-effective SLA batch part production at up to twice the speed and triple the throughput of other available stereolithography solutions. Additionally, the entire solution can be seamlessly integrated into the factory floor through the power of the Oqton Manufacturing OS. The result is a first-of-its-kind solution to deliver large, production resin parts and batch part production for industries such as transportation & motorsports, consumer technology & durable goods, manufacturing services, aerospace, and healthcare. SLA 750 & SLA 750 Dual for Large Production Parts at Unparalleled Speed With the introduction of 3D Systems’ SLA 750 and SLA 750 Dual, manufacturers now have access to the fastest stereolithography solutions available. The platform is designed to deliver the combination of print size, speed, accuracy, and resolution for final parts that possess unmatched finish and mechanical performance. The SLA 750 Dual, which is a synchronous, dual-laser system, delivers up to 2X faster print speeds and up to 3X faster throughput than previous generation SLA printers. The SLA 750 is a single-laser configuration that delivers up to 30% faster print speeds and is field-upgradable to the SLA 750 Dual. Both printers feature a 15% larger build envelope and smaller hardware footprint than previous models, allowing manufacturers to optimize and scale production. The system features a self-calibrating dual-rail recoater to improve print process reliability and final part mechanical properties. The SLA 750 and SLA 750 Dual utilize Hyper-Scan™ vector technology – a proprietary scanning algorithm developed to address the unique requirements of production additive manufacturing applications. Hyper-Scan optimizes key speed and productivity elements such as laser focus and power, as well as vector motor kinematics to deliver significantly improved printer speed and throughput. The printers include downstream automation readiness and are robot compatible for 24/7 lights-out operation. Both printers include 3D Sprint®, all-in-one software to prepare, optimize, and print 3D CAD data. 3D Sprint delivers all the tools needed to quickly and efficiently go from design to high quality, true-to-CAD printed parts without relying on multiple software packages.

Positive

3D Systems Corporation (NYSE:DDD) acquired Kumovis GmbH.

2022-04-01 00:00:00

3D Systems Corporation (NYSE:DDD) agreed to acquire KUMOVIS GmbH on February 23, 2022. The consideration will be paid in cash. In a related transaction, 3D Systems Corporation entered into an agreement to acquire Titan Additive LLC. The team of Kumovis will be added to 3D Systems. The combined consideration for both the transaction is $80 million. The transaction is subject to regulatory approval and is expected to close in April 2022. The transaction is expected to be accretive to earnings in 2023. 3D Systems Corporation (NYSE:DDD) completed the acquisition of Kumovis GmbH on April 1, 2022.

Positive

3D Systems Corporation (NYSE:DDD) completed the acquisition of Titan Robotics, Ltd.

2022-04-01 00:00:00

3D Systems Corporation (NYSE:DDD) agreed to acquired Titan Robotics, Ltd. on February 23, 2022. In a separate transaction, on February 23, 2022, 3D agreed to acquire Kumovis GmbH. 3D has agreed to acquire Kumovis GmbH and Titan Additive LLC for a combined purchase price of $80 million, before customary closing adjustments. The team at Titan Robotics is to become part of 3D Systems. 3D Systems expects this transaction to close in April of 2022. 3D Systems is putting cash to work with the acquisition of Titan Robotics. Reynolds Advisory Partners, LLC acted as financial advisor to Titan Robotics, Ltd. The transaction is expected to be accretive to earning in 2023. 3D Systems Corporation (NYSE:DDD) completed the acquisition of Titan Robotics, Ltd. on April 1, 2022. The purchase price was funded with cash on hand.

Positive

3D Systems Corporation and Saudi Arabian Industrial Investments Company Sign an Agreement to Expand the Use of Additive Manufacturing Within the Kingdom of Saudi Arabia and Surrounding Geographies

2022-03-29 20:05:00

3D Systems and the Saudi Arabian Industrial Investments Company (Dussur) have signed an agreement intended to expand the use of additive manufacturing (AM) within the Kingdom of Saudi Arabia and surrounding geographies, including the Middle East and North Africa. The announcement was made during a ceremony in Riyadh on March 29, 2022. The purpose of the new Joint Venture is to enable the development of Saudi Arabia's domestic additive manufacturing production capabilities, consistent with the Kingdom’s ‘Vision 2030,’ which is focused on diversification of the economy and long-term sustainability. The Center for Innovation and Additive Manufacturing will initially focus on energy, with planned expansions into other industrial sectors as well as healthcare solutions. The joint venture follows a selection process in which 3D Systems was chosen due to its breadth of additive technology as well as depth of application expertise. Modeled upon 3D Systems’ application development and advanced manufacturing sites located in Littleton, Colorado, and Leuven, Belgium, the new facility is expected to open in late 2022 and is meant to include a breadth of plastic and metal 3D printing technologies as well as 3D Systems application engineers who bring deep industry-specific expertise. The customer innovation and advanced application facility will benefit from the Kingdom’s strategic geographic location at the crossroads of important international trade routes between three continents and represents another step to cement the Kingdom’s position as a unique regional logistical hub for global seaborne trade.

Neutral

Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022

2022-03-02 19:15:00

Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.

Negative

3D Systems Names Claudia Napal Drayton to Board of Directors

2021-12-02 15:15:00

3D Systems announced the appointment of Ms. Claudia Napal Drayton to its Board of Directors, effective immediately. Ms. Drayton currently serves as the Chief Financial Officer of Quantum-Si. Drayton began her career in public accounting with Arthur Andersen and then moved to Medtronic, a global leader in medical devices, where she held positions of increasing responsibility in the finance organization over her 15-year tenure. These included Chief Financial Officer for both the Peripheral Vascular and the Integrated Health Solutions business units. In 2015, Ms. Drayton left Medtronic to assume the role of Chief Financial Officer of Nuwellis, and, more recently, of Quantum-Si, an emerging biotech company.

Positive

3D Systems Corporation (NYSE:DDD) acquired Volumetric, Inc. for $400 million.

2021-12-01 00:00:00

3D Systems Corporation (NYSE:DDD) agreed to acquire Volumetric Biotechnologies, Inc. for $400 million on October 27, 2021. The transaction is structured as a $45 million closing payment, with up to $355 million additional opportunity linked to a series of milestone earnouts upon the attainment of significant steps in the demonstration of human applications. These payments are all comprised of approximately half cash and half stock. Under the transaction, 3D Systems will acquire preferred stock, common stock, cash election convertible notes and SAFEs (Simple Agreement for Future Equity) of Volumetric in return for the merger consideration. The closing consideration is subject to adjustment for working capital, and will have assumed indebtedness deducted from it and Volumetric cash amount added. Jordan Miller, founder of Volumetric with Bagrat Grigoryan, Co-Founder and COO of Volumetric and his exceptional team of researchers will join 3D Systems existing team, led by 3D Systems’ Chief Technology Officer for Regenerative Medicine, Chuck Hull. Grigoryan will join 3D Systems as a Vice President of Regenerative Medicine. The transaction has been unanimously approved by the boards of directors of Volumetric and 3D Systems, and is expected to close in the fourth quarter of 2021. pH Partners, LLC served as financial advisor and Alan Bickerstaff and Cassandra Cuellar of Shearman & Sterling LLP acted as legal advisors to Volumetric. Gary Thompson of Hunton Andrews Kurth, LLP served as legal advisor to 3D Systems. Computershare Limited acted as transfer agent for 3D Systems. As part of the consideration with respect to the closing of the transaction, after customary closing adjustments, the Company issued 0.720022 million shares of the Company’s Common Stock to securityholders of Volumetric at an agreed upon issuance price of $27.4432 per share of Common Stock, resulting in an aggregate stock consideration value of $19.759708 million. 3D Systems Corporation (NYSE:DDD) completed the acquisition of Volumetric, Inc. on December 1, 2021.

Positive

3D Systems Advances Production Applications with New Additive Manufacturing Solutions

2021-11-15 13:30:00

3D Systems announced a host of innovations designed to enhance customer success and catalyze industries. The company is introducing high-throughput 3D printing technologies, a new partnership to provide industry-leading post-processing, improved additive manufacturing software, and a new production-grade photopolymer. By combining these latest innovations along with the expertise of its Application Innovation Group (AIG), 3D Systems is helping customers defy limitations to advance additive manufacturing (AM) performance and productivity in healthcare and industrial markets. 3D Systems designs and delivers AM solutions comprising hardware, software, materials, and services to help companies accelerate their business innovations. The company is pleased to introduce its next-generation selective laser sintering (SLS) workflow that combines 3D Systems’ new SLS 380, 3D Sprint®, DuraForm® materials, and AMT’s PostPro® enabling cost-effective batch production parts with unprecedented levels of throughput, consistency, performance, and yield. The SLS 380 delivers high levels of repeatability, improved throughput, and reduced operating costs for more effective, efficient digital manufacturing. The SLS printer utilizes a custom algorithm that manages eight separately calibrated heaters, together with an integrated high-resolution IR camera that captures over 100,000 thermal data samples per second to manage, monitor, and control thermal uniformity within the build chamber. As part of this new platform, 3D Systems is also introducing a new Material Quality Control (MQC) system, the MQC 600. The MQC ensures an optimal ratio of fresh to recycled material and the MQC 600 is optimized to deliver material to up to four printers simultaneously, minimizing material waste and eliminating operator intervention. The company is planning general availability of the SLS 380 for the first quarter of 2022. To complete the workflow, 3D Systems will resell AMT’s line of products to provide a fully automated post-processing workflow. AMT’s PostPro industrial-scale SLS post-processing system includes fully automated de-powdering and chemical vapor smoothing solutions that optimize part quality and mechanical performance while improving efficiencies. PostPro enables batch cleaning and smoothing of parts thus reducing lead time and manufacturing costs and enabling factory scalability. 3D Systems’ Direct Metal Printing (DMP) platform is recognized as an industry-leading technology for its ability to produce exceptionally strong parts of high chemical purity. As a result, many of the world’s largest manufacturers rely on the company’s metal additive manufacturing solutions to produce products, components, and tools with reduced weight, increased functionality, and simplified assemblies. the company is announcing the DMP Flex 350 Dual and DMP Factory 350 Dual that include two lasers that help reduce build time by up to 50% and lower cost. These latest additions to the company’s DMP portfolio maintain the benefits of the single-laser configurations including flexible application use and quick-swap build modules (DMP Flex 350 Dual); integrated powder recycling (DMP Factory 350 Dual); and a central server to manage print jobs, materials, settings, and maintenance for 24/7 productivity. Additionally, the company’s unique vacuum chamber significantly reduces argon gas consumption while delivering best-in-class oxygen purity (<30 ppm). The DMP Flex 350 Dual and DMP Factory 350 Dual can help accelerate innovation for a variety of applications including medical devices, aerospace, turbomachinery, semiconductors, and automotive & motorsports. The general availability of these printers is anticipated for the first quarter of 2022. DMP Flex 200 Delivers Exceptional Quality for Broad Range of Dental ApplicationsThe DMP Flex 200 is designed for additive manufacturing of high-quality, small, complex, fine detail metal parts making it ideal for dental applications including next-day removable partial dentures (RPDs), crowns, bridges, and implant bars. The DMP Flex 200 features a 500W laser source and a larger build volume (140 x 140 x 115 mm or 5.51 x 5.51 x 4.53 in) with a build plate clamping mechanism that eliminates the need for screw management inside the process chamber. 3D Systems plans to make the DMP Flex 200 available in the first quarter of 2022. 3DXpert®17 Accelerates Production with Topology Optimization, Machine LearningCustomers integrating 3D Systems’ DMP portfolio into their production workflow can also benefit from the enhanced features of 3DXpert 17, which is available from Oqton. Through the acquisition of Oqton, announced in September, 3D Systems will make its entire AM suite of software platforms available to the additive manufacturing industry. 3DXpert is the industry's most powerful integrated tool to prepare and optimize parts quickly, enabling rapid design for additive manufacturing (DfAM) to shorten production time and increase part precision. Features available in the new version accelerate part design with higher yield and faster print times. General availability of 3DXpert 17 is planned for the fourth quarter of 2021.

Positive

3D Systems Corporation has completed a Fixed-Income Offering in the amount of $400 million.

2021-11-11 00:00:00

3D Systems Corporation has completed a Fixed-Income Offering in the amount of $400 million. Security Name: Zero Coupon Senior Unsecured Notes due November 15, 2026 Security Type: Corporate Bond/Note (Convertible) Principal Amount: $400 million Price\Range: 100% Security Features: Callable; Convertible; Senior; Unsecured; Zero Coupon Coupon Type: Zero Transaction Features: Rule 144A

Positive

3D Systems Corporation has announced a Fixed-Income Offering.

2021-11-10 00:00:00

3D Systems Corporation has announced a Fixed-Income Offering. Security Name: Senior Unsecured Notes due November 15, 2026 Security Type: Corporate Bond/Note (Convertible) Principal Amount: $350 million Security Features: Callable; Convertible; Senior; Unsecured Transaction Features: Rule 144A

Positive

3D Systems Corporation (NYSE:DDD) completed the acquisition of Oqton, Inc.

2021-11-01 00:00:00

3D Systems Corporation (NYSE:DDD) entered into an agreement to acquire Oqton, Inc. for approximately $190 million on September 8, 2021. The purchase consideration for this transaction totaled $180 million, with $106 million to be paid in cash and the remaining portion to be paid in shares of the 3D Systems' Common Stock, subject to customary closing conditions and adjustments. The transaction is subject to obtaining all consents of Governmental Authorities required to be obtained prior to the Closing Date, including the receipt of all clearances, approvals, authorizations, and waiting period expirations or terminations as may be required in connection with the transactions described herein under the Antitrust Laws shall have been obtained in form and substance reasonably satisfactory to both 3D Systems Corporation and Oqton, Inc. The Merger Agreement also includes customary termination provisions, including if the Closing of the Transaction has not occurred on or before November 9, 2021, which will be automatically extended for an additional thirty (30) days if certain closing conditions have not been satisfied by November 9, 2021. The transaction is expected to close in the fourth quarter of 2021. Jennifer Wang of Redwood Legal Group, P.C. acted as legal advisor for Oqton and Brian L. Hager of McGuireWoods LLP acted as legal advisor for 3D Systems Corporation. 3D Systems Corporation (NYSE:DDD) completed the acquisition of Oqton, Inc. on November 1, 2021. The consideration was $188.2 million, excluding customary closing adjustments. 3D Systems Corporation paid $107.5 million in cash and issued 2,552,904 shares of the Company’s Common Stock. The acquisition’s near term impact on 3D Systems' results of operations and cash flows are expected to be dilutive. Total consideration of $187.482 million, excluding customary closing adjustments, of which $106.785 million was paid in cash and the remainder was paid via the issuance of 2.553 million shares of the Company’s common stock having a fair value at the date of issuance of $80.697 million .

Positive

3D Systems Corporation, Volumetric, Inc. - M&A Call

2021-10-28 00:00:00

3D Systems Corporation, Volumetric, Inc. - M&A Call

Positive

3D Systems and United Therapeutics Corporation Announce Expansion of Bioprinting Program

2021-10-27 20:25:00

3D Systems announced an expansion of its joint development program with United Therapeutics Corporation. The development and license agreement, first established in 2017, combines the 3D printing expertise of 3D Systems, with the regenerative medicine and organ manufacturing expertise of United Therapeutics (UT). To date, the program has had a strong, singular focus on developing the capability to print scaffolds for human lungs using a process call Print to Perfusion™. This 3D printed scaffold would then be cellularized using cells derived from the recipient patient’s own body, to create personalized human lungs. 3D Systems has focused primarily on establishing the printing technology to produce scaffolds meeting the extreme precision and resolution requirements for a functional human lung and to do so in a manner that yields the physical, mechanical, and biocompatibility performance to influence cell behavior and reproduction required for extended use in the human body. The goal of the program is to establish an unlimited supply of human lungs, requiring no immunosuppression, allowing all patients with end-stage lung disease to receive transplants which will enable them to enjoy long and active lives. Based upon the progress made toward this goal, the program is now being expanded to include two additional human organs, with support now designated through 2025.

Positive

3D Systems Corporation (NYSE:DDD) agreed to acquire Volumetric Biotechnologies, Inc. for $400 million.

2021-10-27 00:00:00

3D Systems Corporation (NYSE:DDD) agreed to acquire Volumetric Biotechnologies, Inc. for $400 million on October 27, 2021. The transaction is structured as a $45 million closing payment, with up to $355 million additional opportunity linked to a series of milestone earnouts upon the attainment of significant steps in the demonstration of human applications. These payments are all comprised of approximately half cash and half stock. Under the transaction, 3D Systems will acquire preferred stock, common stock, cash election convertible notes and SAFEs (Simple Agreement for Future Equity) of Volumetric in return for the merger consideration. The closing consideration is subject to adjustment for working capital, and will have assumed indebtedness deducted from it and Volumetric cash amount added. Jordan Miller, founder of Volumetric with Bagrat Grigoryan, Co-Founder and COO of Volumetric and his exceptional team of researchers will join 3D Systems existing team, led by 3D Systems’ Chief Technology Officer for Regenerative Medicine, Chuck Hull. Grigoryan will join 3D Systems as a Vice President of Regenerative Medicine. The transaction has been unanimously approved by the boards of directors of Volumetric and 3D Systems, and is expected to close in the fourth quarter of 2021. pH Partners, LLC served as financial advisor and Alan Bickerstaff and Cassandra Cuellar of Shearman & Sterling LLP acted as legal advisors to Volumetric. Gary Thompson of Hunton Andrews Kurth, LLP served as legal advisor to 3D Systems. Computershare Limited acted as transfer agent for 3D Systems. As part of the consideration with respect to the closing of the transaction, after customary closing adjustments, the Company issued 0.720022 million shares of the Company’s Common Stock to securityholders of Volumetric at an agreed upon issuance price of $27.4432 per share of Common Stock, resulting in an aggregate stock consideration value of $19.759708 million.

Neutral

3D Systems Corporation, Q3 2021 Earnings Call, Nov 09, 2021

2021-10-18 20:03:00

3D Systems Corporation, Q3 2021 Earnings Call, Nov 09, 2021

Neutral

3D Systems Corporation to Report Q3, 2021 Results on Nov 08, 2021

2021-10-18 20:03:00

3D Systems Corporation announced that they will report Q3, 2021 results After-Market on Nov 08, 2021

Positive

3D Systems Introduces VisiJet® Wax Jewel Red

2021-09-10 07:30:00

3D Systems introduced VisiJet® Wax Jewel Red – the latest innovation to its materials portfolio that is transforming the art of jewelry production. VisiJet Wax Jewel Red enables jewelry manufacturers to design and produce more intricate, durable patterns - unlocking new design styles for 100% wax casting - as well as delivering improved production efficiency and reduced waste. This material in conjunction with 3D Systems’ wax 3D printing technology and additive manufacturing software integrates seamlessly into standard lost wax casting processes and delivers increased freedom of design with same-day pattern printing and casting while eliminating tooling time and costs. Wax 3D printing has become the recognized standard for the production of patterns for jewelry casting. However, some styles and designs require fine meshes and intricate details that are difficult to achieve. 3D Systems’ new VisiJet Wax Jewel Red is engineered specifically to address the needs of casting houses producing jewelry patterns that include fusion and stone-setting designs. The company’s latest material delivers significantly increased flexibility which reduces breakage as a result of handling through the entire lost wax casting process, especially for features such as lightweight filigree and thin wire mesh designs. Casting houses using this breakthrough material as part of their workflow will be able to produce more durable, flexible patterns thus helping them reduce waste, time, and cost. VisiJet Wax Jewel Red is the latest 3D Systems innovation to support the company’s efforts to advance applications for jewelry manufacturing. This material expands the applications that can be addressed with 3D Systems’ jewelry additive manufacturing solution which also includes the company’s ProJet® MJP 2500W, 3D Sprint®, and 3D Connect. The complete solution was developed to produce jewelry casting patterns that integrate into standard lost wax casting processes and deliver high-quality, reliable output every time.

Positive

3D Systems Corporation, Oqton, Inc. - M&A Call

2021-09-08 20:15:00

To discuss 3D Systems Acquisition of Oqton

Positive

3D Systems Corporation (NYSE:DDD) entered into an agreement to acquire Oqton, Inc. for approximately $190 million.

2021-09-08 00:00:00

3D Systems Corporation (NYSE:DDD) entered into an agreement to acquire Oqton, Inc. for approximately $190 million on September 8, 2021. The purchase consideration for this transaction totaled $180 million, with $106 million to be paid in cash and the remaining portion to be paid in shares of the 3D Systems' Common Stock, subject to customary closing conditions and adjustments. The transaction is subject to obtaining all consents of Governmental Authorities required to be obtained prior to the Closing Date, including the receipt of all clearances, approvals, authorizations, and waiting period expirations or terminations as may be required in connection with the transactions described herein under the Antitrust Laws shall have been obtained in form and substance reasonably satisfactory to both 3D Systems Corporation and Oqton, Inc. The Merger Agreement also includes customary termination provisions, including if the Closing of the Transaction has not occurred on or before November 9, 2021, which will be automatically extended for an additional thirty (30) days if certain closing conditions have not been satisfied by November 9, 2021. The transaction is expected to close in the fourth quarter of 2021. Jennifer Wang of Redwood Legal Group, P.C. acted as legal advisor for Oqton and Brian L. Hager of McGuireWoods LLP acted as legal advisor for 3D Systems Corporation.

Neutral

3D Systems Corporation Presents at RAPID + TCT 2021, Sep-13-2021 09:30 AM

2021-09-07 14:38:00

3D Systems Corporation Presents at RAPID + TCT 2021, Sep-13-2021 09:30 AM. Venue: McCormick Place, Chicago, Illinois, United States. Speakers: Katie Weimer.

Negative

3D Systems Appoints Dr. Brent Stucker as Chief Scientist

2021-09-07 12:30:00

3D Systems announced that Dr. Brent Stucker is joining the company to serve in the newly created role of Chief Scientist. Dr. Stucker was previously employed by Ansys Inc. where he served as Director of Additive Manufacturing and as Distinguished Engineer. He joined Ansys following their acquisition of 3DSIM in 2017, a software simulation company that he co-founded and led as CEO.

Positive

3D Systems Corporation Accelerates Access to Advanced Materials – Opening New Applications

2021-09-02 12:30:00

3D Systems Corporation announced two additions to its industry-leading materials portfolio – Certified Scalmalloy (A) and Certified M789 (A) - to facilitate demanding industrial high-strength, corrosion-resistant parts for additive applications in markets such as aerospace, motorsports & automotive, semiconductor, energy, and moldmaking. This action enables the company’s customers to use these high-performance materials optimized for metal additive manufacturing on its Direct Metal Printing (DMP) platform. Additionally, 3D Systems has worked with the material manufacturers – APWORKS and voestalpine BÖHLER Edelstahl – to certify these materials for use with its metal 3D printing technology. Customers now have the ability to work with the company’s Application Innovation Group (AIG) to efficiently certify these materials for use with its DMP Flex 350 and DMP Factory 350 printers – gaining a competitive advantage with faster time to market. Scalmalloy is a high-strength Aluminum alloy that has a tensile strength of 520MPa and yield strength of 480MPa, significantly stronger than the reference material AlSi10Mg. The high strength of Scalmalloy makes it ideal for additively manufacturing weight-efficient, load-bearing components. Using this material, manufacturers are able to produce high-strength, corrosion-resistant Aluminum parts facilitated by fully-developed build styles available in 3DXpert® software for the company’s DMP Flex 350 and DMP Factory 350 metal 3D printers. Additionally, parts produced using Scalmalloy can be chemically cleaned during post-processing which removes surface residue to deliver a final part with optimal surface finish. Ideal applications for this material include: Aerospace: passive RF components (e.g., filters, waveguides, etc.), lightweight structural components. Motorsports & Automotive: metal structural components (e.g., suspension brackets, transmission casings), energy and fluid management. Semiconductor: fluid flow (e.g., manifolds), thermal management (e.g., cooling nozzles, wafer tables). M789 allows 3D Systems’ customers to produce high-strength molds and tooling that can not only be hardened up to 52HRC but are also free of Cobalt. 3D Systems has attained certification of M789 for its DMP platform through collaboration with its partner, GF Machining Solutions, addressing customers’ requests for a hard, corrosion-resistant tooling steel to foster advanced applications. The resulting parts are optimal for long-term use, able to withstand both the rigors of repetitive manufacturing processes as well as use in regions with high humidity. Ideal applications for this material include: Moldmaking: mold inserts with conformal cooling. Energy: drill bits, cutting tools. Automotive: tire molds, drive train parts, axle components.

Neutral

Rapid News Group, SME, RAPID + TCT 2021, Sep 13, 2021 through Sep 15, 2021

2021-08-04 15:14:00

Rapid News Group, SME, RAPID + TCT 2021, Sep 13, 2021 through Sep 15, 2021. Venue: McCormick Place, Chicago, Illinois, United States.

Neutral

American Society Of Mechanical Engineers, The (inc), AM Industry Summit, Aug 03, 2021 through Aug 04, 2021

2021-07-27 13:58:00

American Society Of Mechanical Engineers, The (inc), AM Industry Summit, Aug 03, 2021 through Aug 04, 2021.

Neutral

3D Systems Corporation Presents at AM Industry Summit, Aug-03-2021 through Aug-04-2021

2021-07-27 13:02:00

3D Systems Corporation Presents at AM Industry Summit, Aug-03-2021 through Aug-04-2021. Presentation Date & Speakers: Aug-03-2021, Kevin Baughey, Transportation and Motorsports - Segment Leader, Marty Johnson, Technical Fellow. Aug-04-2021, Jeph Ruppert, Director, Application Innovation Group.

Positive

3D Systems Introduces First Material for Long-Term Use Production Parts Manufactured with Stereolithography

2021-07-13 12:30:00

3D Systems announced the availability of a breakthrough production-grade acrylate resin – Accura AMX Rigid Black. Designed for use with the company’s stereolithography (SLA) technology, this tough material is the first to produce large-scale additively manufactured parts with exceptional resolution, accuracy, and surface quality capable of withstanding the rigors of long-term mechanical use. As part of a complete 3D Systems additive manufacturing solution – comprising Accura AMX Rigid Black, the company’s SLA 3D printing technology, 3D Sprint, and application engineering services – customers in markets such as automotive & motorsports, consumer goods, service bureaus, and contract manufacturers are able to rapidly address a broad range of production applications. 3D Systems’ materials scientists engineered Accura AMX Rigid Black for long-lasting mechanical performance and stability in any environment. This material has been tested for up to eight years of indoor and one and a half years of outdoor mechanical performance, enabling significantly improved part performance and stability. The superior surface quality rivals that of injection-molded parts and exhibits similar stress/strain toughness performance of standard thermoplastics. Additionally, Accura AMX Rigid Black’s high isotropic properties enable greater part repeatability and accuracy. Accura AMX Rigid Black is 3D Systems’ latest customer-centric innovation – inspired in part by the advanced production application requirements of TOYOTA Gazoo Racing (TGR). In 2019, 3D Systems entered a partnership with TGR to change automotive engineering. Since that time, the companies have developed first-to-market manufacturing solutions to revolutionize automotive design and production. TGR has extensive experience with 3D Systems’ Figure 4 materials and was particularly impressed by the mechanical properties of the company’s Figure 4 PRO-BLK 10. However, they had a vision for a CNC fixture that would be larger than the build size of the Figure 4 printers.In addition to bringing significant benefits to automotive and motorsports applications, Accura AMX Rigid Black is engineered to enable long-term use production parts for: Consumer goods for direct digital production to replace injection molding or soft tooling processes, as well as manufacturing aids and jigs and fixtures. Service bureaus for applications such as large, structural load-bearing functional prototypes and end-use production parts for manufacturers and tier 1 suppliers to a variety of customers in consumer goods, industrial engineering, automotive, and motorsports. Specialty contract manufacturing for custom load-bearing parts such as levers, arms, couplings, cranks, jigs, and fixtures.

Neutral

3D Systems Corporation to Report Q2, 2021 Results on Aug 09, 2021

2021-07-12 20:03:00

3D Systems Corporation announced that they will report Q2, 2021 results After-Market on Aug 09, 2021

Neutral

3D Systems Corporation, Q2 2021 Earnings Call, Aug 10, 2021

2021-07-12 20:03:00

3D Systems Corporation, Q2 2021 Earnings Call, Aug 10, 2021

Negative

3D Systems Appoints David Leigh, Joins as Chief Technology Officer for Additive Manufacturing to Drive Application and Product Innovation

2021-06-28 12:30:00

3D Systems announced it is expanding its executive leadership team focused on innovation with the addition of a Chief Technology Officer for Additive Manufacturing. Effective, industry veteran Dr. David Leigh joins the company in this capacity to expand and accelerate application development and product innovation including all hardware, software, and materials development for production-scale additive manufacturing solutions. With Dr. Leigh’s arrival, 3D Systems’ co-founder, Chuck Hull, will increase his emphasis on biotechnology as Chief Technology Officer for Regenerative Medicine, leading the development of solutions that are creating exciting new opportunities in regenerative medicine. Based upon the breakthroughs that Hull’s team of researchers have now demonstrated through the company’s partnership with United Therapeutics, a broad range of human applications are emerging, ranging from tissue implants to human organs, in addition to laboratory applications that offer the potential to accelerate the development of new drug therapies. Mr. Hull will also continue to support Government programs with the company’s next-generation large-scale metal 3D printing platform. Dr. Leigh has more than 30 years of experience in the additive manufacturing industry. Prior to joining 3D Systems, he served as the Chief Technology Officer (global) and Chief Operations Officer (North America) for EOS, an additive manufacturing equipment vendor.

Fundamental Summary

3D Systems's financial reports for Q1 showed some underwhelming results. Specifically, their growth, value, and income factors indicate an execution challenge when it comes to generating exciting and consistent growth. These results suggest a challenging future for 3D Systems's stock. As such, 3D Systems received an overall score of 50 and a UNDERPERFORM recommendation.

3D Systems reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 133 million compared to USD 146.12 million a year ago. Net loss was USD 26.8 million compared to net income of USD 45.23 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to basic earnings per share from continuing operations of USD 0.37 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to diluted earnings per share from continuing operations of USD 0.36 a year ago.

Business Description

3D Systems, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts. It also develops, blends, and markets various print materials, such as plastic, nylon, metal, composite, elastomeric, wax, polymeric dental, and bio-compatible materials. In addition, the company provides digital design tools, including software, scanners, and haptic devices, as well as solutions for product design, simulation, mold and die design, 3D scan-to-print, reverse engineering, production machining, metrology, and inspection and manufacturing workflows under the Geomagic brand. Further, it offers 3D Sprint and 3DXpert, a proprietary software to prepare and optimize CAD data and manage the additive manufacturing processes, which provides automated support building and placement, build platform management, print simulation, and print queue management; and Bioprint Pro, a software solution that allows researchers to design and bioprint repeatable experiments. Additionally, the company provides maintenance and training services; manufacturing services; and software and precision healthcare services. It primarily serves companies and small and midsize businesses in medical, dental, automotive, aerospace, durable good, government, defense, technology, jewelry, electronic, education, consumer good, energy, biotechnology, and other industries through direct sales force, channel partners, and appointed distributors. 3D Systems was founded in 1986 and is headquartered in Rock Hill, South Carolina.

Sector Overview

3D Systems is included in the Technology Hardware, Storage & Peripherals according to GICS (global industry classification standard). The Technology Hardware, Storage & Peripherals industry is part of the Information Technology sector. It includes manufacturers of mobile phones, PCs, servers, electronic computer components and peripherals. 3D Systems's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 1,506.6 -2.7% 80
Liabilities 679.7 -3.8% 57
Price to Book 1.7 -49.5% 45
Cash & Equivalents 389.3 -50.7% 38
Equity 826.9 -1.8% 46
EBITDA -5.4 -135.3% 38
Total Revenues 602.5 -2.1% 91
Parameter Value Change Score
Return on Equity 38.8 -23.3% 42
Net Cashflow 256.6 -63.6% 58
Capital Expenditure 376.2 -6.6% 61
Asset Turnover 0.5 1.0% 65
Free Cashflow -0.1 -148.6% 40

* All values are TTM

The below chart reflects 3D Systems's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While 3D Systems's peer average final assessment score stands on 69.0, 3D Systems's score is 50.

  •  DDD
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Dell Technologies Inc. 37.2B 54 69 72
Hold
66
66 0 1
HP Inc. 36.5B 95 73 57
Buy
82
82 1 1
Hewlett Packard Enterprise Company 18.4B 63 73 66
Hold
70
70 2 1
Pure Storage, Inc. 8.0B 55 71 95
Buy
81
81 3 1
IonQ, Inc. 957.0M 37 43 82
Underperform
44
44 4 1
Eastman Kodak Company 419.9M 58 68 57
Underperform
58
58 5 1
Diebold Nixdorf, Incorporated 190.3M 54 72 53
Underperform
57
57 6 1
Apple Inc. 2.3T 53 74 84
Hold
75
75 7 1
Seagate Technology Holdings plc 15.9B 56 79 76
Hold
76
76 8 1
Western Digital Corporation 14.9B 59 82 70
Hold
76
76 9 1
NetApp, Inc. 14.9B 62 70 55
Hold
61
61 10 1
Xerox Holdings Corporation 2.5B 62 69 69
Hold
69
69 11 1
Super Micro Computer, Inc. 2.2B 93 69 62
Buy
81
81 12 1
Corsair Gaming, Inc. 1.4B 52 71 40
Underperform
48
48 13 1
Stratasys Ltd. 1.3B 57 58 55
Underperform
50
50 14 1
Avid Technology, Inc. 1.2B 49 75 74
Hold
68
68 15 1
Nano Dimension Ltd. 834.0M 82 45 70
Hold
69
69 16 1
Canaan Inc. 600.4M 81 64 57
Hold
68
68 17 1
CompoSecure, Inc. 441.4M 59 58 58
Underperform
53
53 18 1
Coolpad Group Limited 275.6M 53 80 58
Underperform
58
58 19 1
Turtle Beach Corporation 227.4M 67 69 60
Hold
68
68 20 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. 3D Systems's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), 3D Systems's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.

Bearish 47
Close Price 10.31
52W Low 9.09
52W High 40.06
5D MA 10.19
50D MA 11.06
200D MA 19.14
MACD -0.28
RSI 10.01
STOCH 61.63

Balance Sheet Analysis

3D Systems's most recent balance sheet report was not encouraging. 3D Systems's management did a relatively poor job managing cash and cash equivalents, which now sit at 389.3 and represents a -50.7% change from the last reporting period. The company's cash and cash equivalents metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Its cash and cash equivalents movement, therefore, received a grade of 38. Also, 3D Systems publishes concerning book value factor metrics in this report. price to book ratio (P/B) now sits at 1.7 and represents -49.5% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 8.8%. They does not yet appear to be headed in the right direction to achieve strong book value metrics. Consequently, their book value factors movement received a grade of 45. However, we can draw some encouragement from 3D Systems's momentum in Assets generation. 3D Systems assets on their balance sheet, moved to 1506.6, which is a -2.7% change from the last period. This performance is interesting in comparison to its peers and competitors. Therefore, its asset component earned a score of 80. Consequently, their balance sheet earned a rank of 45.

Parameter Value Change Score
Assets 1,506.6 -2.7% 80
Liabilities 679.7 -3.8% 57
Price to Book 1.7 -49.5% 45
Cash & Equivalents 389.3 -50.7% 38
Equity 826.9 -1.8% 46
* All values are TTM

The below chart describes 3D Systems's performance as reflected on its balance sheet with respect to its peers. While 3D Systems received a balance sheet score of 45, the average of its peers stands on 67.0.

  •  DDD
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Dell Technologies Inc. 37.2B 56 80 57 44 55 54 0 1
HP Inc. 36.5B 71 73 97 91 92 95 1 1
Hewlett Packard Enterprise Company 18.4B 52 78 73 46 67 63 2 1
Pure Storage, Inc. 8.0B 42 82 62 66 57 55 3 1
IonQ, Inc. 957.0M 38 74 53 37 49 37 4 1
Eastman Kodak Company 419.9M 67 70 55 53 66 58 5 1
Diebold Nixdorf, Incorporated 190.3M 65 83 43 40 56 54 6 1
Apple Inc. 2.3T 50 80 60 46 56 53 7 1
Seagate Technology Holdings plc 15.9B 60 80 58 46 52 56 8 1
Western Digital Corporation 14.9B 60 77 55 68 62 59 9 1
NetApp, Inc. 14.9B 78 67 60 67 52 62 10 1
Xerox Holdings Corporation 2.5B 67 77 60 58 56 62 11 1
Super Micro Computer, Inc. 2.2B 89 62 93 70 90 93 12 1
Corsair Gaming, Inc. 1.4B 50 72 64 38 63 52 13 1
Stratasys Ltd. 1.3B 58 81 47 88 54 57 14 1
Avid Technology, Inc. 1.2B 52 82 43 45 59 49 15 1
Nano Dimension Ltd. 834.0M 96 85 59 48 60 82 16 1
Canaan Inc. 600.4M 76 62 88 67 83 81 17 1
CompoSecure, Inc. 441.4M 58 64 66 44 82 59 18 1
Coolpad Group Limited 275.6M 48 86 47 63 45 53 19 1
Turtle Beach Corporation 227.4M 39 80 69 86 67 67 20 1

Income Statement Analysis

Overall, 3D Systems's critical income statement metrics appear to signal strong support and a high likelihood of positive growth going forward. 3D Systems reported highly encouraging numbers for its revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 18.5%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. Consequently, their revenue efficiency received a grade of 91. Also, Return factors metrics and ratios were exceptional in this report. 3D Systems reported a return on equity (ROE) ratio of 38.8, representing a change of -23.3% from the last report. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 42. However, one discouraging result, EBITDA, stood out. 3D Systems's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as -5.4, which represents a -135.3% change from the last period. This parameter coud affect companies in the same industry and market capitalization by up to 13.2%. 3D Systems appears to be headed in the wrong direction in terms of EBITDA momentum, likely due to insufficient capital controls and a weaker than expected overall financial performance. Therefore, their EBITDA component earned a score of 38. Consequently, their income statement earned a rank of 67.

Parameter Value Change Score
EBITDA -5.4 -135.3% 38
Total Revenues 602.5 -2.1% 91
Return on Equity 38.8 -23.3% 42
* All values are TTM

The below chart describes 3D Systems's performance as reflected on its income statement with respect to its peers. While 3D Systems received a income statement score of 67 , the average of its peers stands on 69.0.

  •  DDD
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Dell Technologies Inc. 37.2B 68 65 82 69 0 1
HP Inc. 36.5B 81 61 64 73 1 1
Hewlett Packard Enterprise Company 18.4B 85 56 61 73 2 1
Pure Storage, Inc. 8.0B 46 97 96 71 3 1
IonQ, Inc. 957.0M 37 47 61 43 4 1
Eastman Kodak Company 419.9M 75 61 49 68 5 1
Diebold Nixdorf, Incorporated 190.3M 92 42 73 72 6 1
Apple Inc. 2.3T 76 67 79 74 7 1
Seagate Technology Holdings plc 15.9B 83 69 90 79 8 1
Western Digital Corporation 14.9B 80 83 71 82 9 1
NetApp, Inc. 14.9B 76 63 52 70 10 1
Xerox Holdings Corporation 2.5B 88 46 45 69 11 1
Super Micro Computer, Inc. 2.2B 43 95 95 69 12 1
Corsair Gaming, Inc. 1.4B 97 41 39 71 13 1
Stratasys Ltd. 1.3B 61 48 81 58 14 1
Avid Technology, Inc. 1.2B 79 68 69 75 15 1
Nano Dimension Ltd. 834.0M 37 46 73 45 16 1
Canaan Inc. 600.4M 38 93 77 64 17 1
CompoSecure, Inc. 441.4M 51 69 53 58 18 1
Coolpad Group Limited 275.6M 98 58 63 80 19 1
Turtle Beach Corporation 227.4M 96 41 42 69 20 1

Cash Flow Analysis

Results from 3D Systems's current financials were concerning, in two areas in particular: Free Cash flow and Net Cash Flow. 3D Systems did a poor job related to generating and maintaining strong free cash flow this period, which stood at -0.1, representing a -148.6% change from the previous filing. Companies in the same sector and market capitalization will usually be affected by up to 7.4 percent by this parameter. Their free cash flow situation is more concerning relative to their peers and competitors. Its free cash flow movement, therefore, received a grade of 40. Also, 3D Systems's net cash flow metrics were 256.6 according to their current filing, which represents a -63.6% change from the previous report. Their net cash flow momentum should be a cause for concern and could bring negative momentum for 3D Systems's stock price going forward. Hence, their net cash flow earned a score of 58. At the same time, one {cash_flow} metric, Asset Turnover, was actually strongly positive. 3D Systems is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.5, representing a 1.0% change from the previous period. This metric might have a 10.7 percent impact on companies in the same industry and with the same market capitalization. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. Correspondingly, their asset turnover movement received a grade of 65. Therefore, its cash flow earned a grade of 55.

Parameter Value Change Score
Net Cashflow 256.6 -63.6% 58
Capital Expenditure 376.2 -6.6% 61
Asset Turnover 0.5 1.0% 65
Free Cashflow -0.1 -148.6% 40
* All values are TTM

The below chart describes 3D Systems's performance as reflected on its cash flow with respect to its peers. While 3D Systems received a cash flow score of 55, the average of its peers stands on 69.0.

  •  DDD
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Dell Technologies Inc. 37.2B 68 50 68 85 72 0 1
HP Inc. 36.5B 56 59 60 59 57 1 1
Hewlett Packard Enterprise Company 18.4B 77 52 62 71 66 2 1
Pure Storage, Inc. 8.0B 94 91 64 97 95 3 1
IonQ, Inc. 957.0M 69 66 54 98 82 4 1
Eastman Kodak Company 419.9M 84 50 50 54 57 5 1
Diebold Nixdorf, Incorporated 190.3M 38 38 59 72 53 6 1
Apple Inc. 2.3T 76 75 68 91 84 7 1
Seagate Technology Holdings plc 15.9B 64 77 76 79 76 8 1
Western Digital Corporation 14.9B 65 82 54 70 70 9 1
NetApp, Inc. 14.9B 77 58 37 53 55 10 1
Xerox Holdings Corporation 2.5B 59 64 77 75 69 11 1
Super Micro Computer, Inc. 2.2B 51 51 90 68 62 12 1
Corsair Gaming, Inc. 1.4B 50 37 48 46 40 13 1
Stratasys Ltd. 1.3B 83 37 77 51 55 14 1
Avid Technology, Inc. 1.2B 58 59 45 94 74 15 1
Nano Dimension Ltd. 834.0M 69 70 74 55 70 16 1
Canaan Inc. 600.4M 67 69 73 46 57 17 1
CompoSecure, Inc. 441.4M 77 76 46 48 58 18 1
Coolpad Group Limited 275.6M 59 74 79 43 58 19 1
Turtle Beach Corporation 227.4M 87 38 87 51 60 20 1

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