Key Points Industry Overview 1. **Industry Performance**: The 3D printing industry experienced a challenging year in 2024, with a continuation of the tumultuous conditions from the previous year. This period was marked by some of the worst six quarters the industry has faced [doc id='4']. 2. **Customer Spending**: There was a significant decrease in capital expenditure (CapEx) spending by customers for capacity expansion, which negatively impacted revenue across the industry, including 3D Systems [doc id='4']. 3D Systems Performance 1. **Revenue Impact**: The decrease in CapEx spending by customers led to a tough year for 3D Systems, with a significant impact on revenue. The company was not immune to the industry-wide challenges [doc id='4']. 2. **R&D Investment**: Despite the challenging conditions, 3D Systems maintained its investment in research and development (R&D) to stay current and advance its technology platforms. This was a strategic decision to ensure the company's long-term competitiveness [doc id='4']. 3. **Balance Sheet**: The company focused on maintaining a strong balance sheet to ensure it could continue investing in R&D during both up and down cycles [doc id='4']. Conclusion The 3D printing industry faced a challenging year in 2024, with a decrease in customer CapEx spending impacting revenue across the industry. 3D Systems, while not immune to these challenges, maintained its focus on R&D and balance sheet strength to navigate the turbulent conditions.

Company Overview - 3D Systems Corporation participated in the 27th Annual Needham Growth Conference, with CEO Jeff Graves and CFO Jeff Creech representing the company [1]. Industry Performance - The 3D printing industry faced a tumultuous period, with the last year being characterized as one of the worst six quarters experienced by the industry [4]. - There was a significant decline in capital expenditure (CapEx) spending by customers, particularly for capacity expansion, which adversely affected revenue [4]. - The industry and 3D Systems were in a cost-saving mode, indicating a challenging economic environment [4]. Company Strategy - Despite the challenges, the company maintained its research and development (R&D) spending to stay current and advance its technology offerings [4]. - The company emphasized the importance of maintaining a strong balance sheet to support ongoing R&D efforts through fluctuating market conditions [4].

Metavista3D Celebrates Strategic Partnership with Korean ConglomerateJanuary 14, 2025 1:30 AM EST | Source: Metavista3D, Inc.Vancouver, British Columbia--(Newsfile Corp. - January 14, 2025) - Metavista3D Inc. (TSXV: DDD) (FSE: E3T) ("Metavista3D" or the "Company") Achieving a significant milestone at this year's Consumer Electronics Show (CES), Metavista3D showcased its visionary technology at a prime location on the exhibition floor, capturing the attention of industry leaders and innovators ...

Company Overview - Systemic Bio, a subsidiary of 3D Systems, focuses on accelerating drug discovery and development through its proprietary h-VIOS platform, which utilizes bioprinted tissues to provide human-relevant data [1][6] - The company was founded in 2022 and leverages advanced bioprinting technology to create precise healthy and diseased tissue models [6][8] Innovation Recognition - Systemic Bio has been selected as a Top 10 Finalist for the SLAS 2025 Innovation Award, highlighting the innovative potential of its h-VIOS platform [1][2] - The SLAS Innovation Award recognizes technologies that significantly impact laboratory science and automation [2] Technological Advancements - The h-VIOS platform addresses challenges in preclinical testing by producing bioprinted tissue models that accurately mimic human organ systems [3] - Systemic Bio operates from a state-of-the-art facility in Houston, capable of producing thousands of tissue models under a Quality Management System (QMS) [3] Upcoming Presentation - Systemic Bio will present its h-VIOS platform at the SLAS Conference in San Diego on January 27, 2025, with the award winner announced on January 29, 2025 [4]

ROCK HILL, S.C., Jan. 06, 2025 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) announced today that management will participate in the 27th Annual Needham Growth Conference on January 14, 2025. President and CEO, Dr. Jeffrey Graves will participate in a fireside chat at 11:45 a.m. Eastern Standard Time and will participate in individual meetings alongside members of the company’s leadership team throughout the day. A live webcast of the conference presentation will be available on 3D Systems’ Investor Relations p ...

Core Viewpoint - 3D Systems reported a loss in Q3 2024 with revenues declining year over year, missing consensus estimates, and facing challenges in printer sales due to macroeconomic factors [2][11][12]. Financial Performance - Revenues for Q3 2024 were $112.9 million, down 8.8% year over year, and below the Zacks Consensus Estimate of $120 million [2]. - Product revenues decreased by 9.3% year over year to $73 million, accounting for 64.6% of total revenues [3]. - Healthcare revenues increased by 5% year over year to $55.1 million, driven by growth in Dental and Personalized Healthcare solutions [4]. - Services revenues fell by 7.8% year over year to $40 million, representing 35.4% of total revenues [13]. - The Industrial Division's revenues dropped 18.9% year over year to $57.9 million, although the Application Innovation Group saw a 26% revenue increase [14]. - Non-GAAP gross profit fell 23.4% year over year to $42.5 million, with a gross profit margin decline of 720 basis points to 37.6% [5]. - Adjusted EBITDA decreased by $19.1 million year over year to a loss of $14.3 million [15]. Balance Sheet and Guidance - As of September 30, 2024, total debt was $211.7 million, slightly up from $211.4 million as of June 30, 2024 [6]. - Cash and cash equivalents were $190 million, down from $192.7 million as of June 30, 2024 [16]. - For 2024, the company expects revenues between $440 million and $450 million [7]. - The non-GAAP gross profit margin for 2024 is projected to be between 38-40% [18]. Market Sentiment and Estimates - The consensus estimate has shifted downwards by 40.91% due to recent performance [8]. - The stock has an aggregate VGM Score of F, indicating poor performance across various investment strategies [9]. - 3D Systems has a Zacks Rank of 4 (Sell), suggesting expectations of below-average returns in the coming months [20].

Investors are feeling very bullish about 3D Systems' latest move.3D Systems (DDD 15.58%) stock is making big gains in Thursday's trading. The company's share price was up 15.4% as of 11:15 a.m. ET. Meanwhile, the S&P 500 (^GSPC -0.10%) and Nasdaq Composite (^IXIC -0.19%) were both down 0.1% in the same time frame.3D Systems stock is gaining ground following an announcement that the company will be selling its Geomagic software to Hexagon. 3D Systems will be paid $123 million for the software portfolio, and ...

STOCKHOLM, Dec. 12, 2024 /PRNewswire/ -- Hexagon today announced the acquisition of 3D Systems' Geomagic suite of interoperable software packages, which are used to create high quality 3D models from multiple sources, including laser scanning.The Geomagic suite, which includes products such as Design X, Control X, Freeform and Wrap, is capable of automating the processing of 3D scan data to build digital models from physical objects, which can then be used to generate history based parametric CAD models for ...

3D Systems to sell Geomagic® reverse engineering, design, and inspection software portfolio to Hexagon for $123 million, with closure anticipated in first half of 2025Company will sharpen its focus on software solutions that accelerate adoption of 3D printing technologies in large-scale, production application environmentsFocus to be on expansion of capabilities of market-leading platforms, 3D Sprint® and 3DXpert® for polymer and metal printing technologies by leveraging AI and machine learning to deliver i ...

Company Performance - 3D Systems reported third-quarter revenue of slightly under $113 million, reflecting a 9% year-over-year decline [2] - The net loss for the quarter deepened significantly to almost $179 million, compared to a loss of less than $12 million in the same period last year [2] - Analysts had expected revenue of nearly $116 million and an adjusted net income of $0.10 per share [3] Market Reaction - Following the earnings report, 3D Systems' share price fell nearly 13%, significantly more than the S&P 500 index's decline of 0.4% [1] Guidance and Industry Context - The company updated its full-year revenue guidance to a range of $440 million to $450 million, with an adjusted gross profit margin expected between 38% and 40% [4] - The broader 3D printing industry has been experiencing sluggish performance, and the latest results from 3D Systems are unlikely to restore confidence in the sector [5]