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3D Systems Corp Faces A 2030 Feast-Or-Famine Scenario
Seeking Alpha· 2024-05-31 11:42
Core Viewpoint - 3D Systems Corporation is positioned to capitalize on the growing 3D printing market, particularly in the bioprinting segment, which includes the potential for 3D-printed organs, despite facing significant financial challenges in the short to medium term [2][23]. Company Overview - 3D Systems is known for its vertically-integrated 3D printing operations, encompassing the development, production, and maintenance of 3D printing machines, software, and materials [2]. - The company has achieved its current market position through a successful M&A strategy over the past two decades, acquiring innovative firms in the 3D printing space [2]. Financial Performance - As of the latest data, 3D Systems has a market cap of approximately $470 million, with cash reserves of about $330 million and debt totaling $380 million [4]. - The company has experienced negative net income in most years, with a reported loss of over $370 million for FY2023, indicating a critical cash burn situation [4][6]. - Despite a history of positive operating cash flow, recent trends show steeply negative operational cash flow, suggesting struggles with the core business [5][6]. Bioprinting Opportunity - The global 3D printing industry is expected to grow at a CAGR of around 20% from the early 2020s to 2030, potentially reaching a market value of $100 billion [2]. - The organ transplant market faces a significant supply-demand imbalance, with thousands of patients dying annually while waiting for transplants, highlighting the potential for 3D-printed organs [7][10]. - The market for 3D-printed organs is projected to grow from $2 billion to nearly $7 billion by 2030, with 3D Systems expected to capture a significant share due to its resources and commitment to organ printing [13][14]. Competitive Landscape - 3D Systems is uniquely positioned in the organ printing market, with capabilities that include the Print to Perfusion™ process, allowing for the creation of patient-specific living tissues [11]. - Competitors in the organ printing space are primarily smaller companies with limited resources, making 3D Systems a leading player in this emerging market [11][14]. Future Projections - By 2030, 3D Systems is estimated to achieve annual revenues of approximately $6.5 billion, with organ printing contributing significantly to this figure [19]. - The company’s stock price could potentially rise to around $54.62 per share by 2030, reflecting the anticipated growth in both the 3D printing and organ printing markets [19][23].
New Strong Sell Stocks for April 25th
Zacks Investment Research· 2024-04-25 11:46
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:3D Systems Corporation (DDD) provides 3D printing and digital manufacturing solutions. The Zacks Consensus Estimate for its current year earnings has been revised 225% downward over the last 60 days.Eagle Bancorp, Inc. (EGBN) is the bank holding company for EagleBank. The Zacks Consensus Estimate for its current year earnings has been revised 8.7% downward over the last 60 days.FinWise Bancorp (FINW) is a bank holding company for FinW ...
3D Systems' (DDD) Cranial Implant Solution Receives FDA Nod
Zacks Investment Research· 2024-04-16 15:51
3D Systems (DDD) recently announced that the U.S. Food and Drug Administration (FDA) has granted 510(k) clearance for its innovative 3D-printed, patient-specific cranial implant solution, the VSP PEEK Cranial Implant.VSP PEEK Cranial Implant includes a complete FDA-cleared workflow comprising segmentation and 3D modeling software, the 3D Systems EXT 220 MED 3D printer, Evonik VESTAKEEP i4 3DF PEEK (polyetheretherketone), and a pre-defined production process.The VSP PEEK Cranial Implant integrates cutting-ed ...
3D Systems Announces FDA Clearance for World's First 3D-Printed PEEK Cranial Implants
Newsfilter· 2024-04-15 12:30
FDA clearance enables wide-spread adoption of 3D Systems self-contained, cleanroom environment-based printing system, the EXT 220 MED, with medical-grade PEEK materials to deliver patient-specific cranial reconstruction solutions3D-printed PEEK implants using the EXT 220 MED successfully demonstrated in nearly 40 cranioplasties across Europe in recent monthsMarket for cranial reconstruction anticipated to exceed $2 billion by 2030FDA clearance establishes strong foundation for expanded application of these ...
3D Systems' (DDD) Metal 3D Printers Gain Adoption at Wilting
Zacks Investment Research· 2024-03-13 16:26
3D Systems (DDD) recently announced that Wilting, an industrial machining and metal 3D printing service provider, has integrated two single laser DMP Flex 350 and one DMP Flex 350 Dual metal 3D printer into its manufacturing floor.The addition not only augments Wilting's production capacity but also enhances its materials portfolio, catering to the diverse needs of its client base.Wilting's journey into additive manufacturing has been significantly catalyzed by its collaboration with 3D Systems' Application ...
Wilting Expands Production Capacity with Three DMP Flex 350 Printers
Newsfilter· 2024-03-12 12:30
Addition of single and dual laser printers enables use of broader materials portfolio to address new applications with Titanium, Stainless SteelDMP Flex 350's best-in-class oxygen level (<25 ppm), inert atmosphere ensures exceptionally strong, accurate parts for precision applications ROCK HILL, S.C., March 12, 2024 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE:DDD) announced that Wilting, an industrial machining and metal 3D printing service provider, has added two single laser DMP Flex 350 and one DMP Flex ...
3D Systems Announces Additional Partial Repurchase of Convertible Senior Notes
Newsfilter· 2024-03-05 13:00
Repurchasing approximately $110 million of 0% coupon, convertible senior notes at approximately 22% discount to par value Reduces remaining balance of outstanding notes to approximately $214 million, over 50% reduction from initial issued principal balance of $460 million, due 2026Reinforces balance sheet strength and maintains strong cash position to support operational needs ROCK HILL, S.C., March 05, 2024 (GLOBE NEWSWIRE) --  3D Systems (NYSE:DDD) ("the Company") today announced that it has entered into ...
Why Shares of 3D Systems Are Plummeting This Week
The Motley Fool· 2024-03-01 16:41
After sliding by 11% last week, shares of 3D Systems (DDD 5.07%) have extended their decline this week after the company reported disappointing fourth-quarter results on Tuesday.According to data provided by S&P Global Market Intelligence, as of the market's close on Thursday, 3D Systems was down by 16.5% from the end of trading last week."Significant headwinds" plagued the company last quarter3D Systems reported fourth-quarter revenue of $114.8 million, well shy of analysts' expectations for $126.6 million ...
Why 3d Systems Stock Plummeted Today
The Motley Fool· 2024-02-28 22:24
3d Systems (DDD -23.14%) stock sank in Wednesday's trading. The company's share price closed out the daily session down 23.1%, according to data from S&P Global Market Intelligence.3d Systems published its fourth-quarter results after the market closed yesterday, and the company posted sales and earnings results for the period that fell short of the market's expectations. In addition to underwhelming Q4 performance, the 3D printing specialist also issued forward guidance that fell short of Wall Street's exp ...