PSLA 270 solution — new mid-frame projector-based polymer 3D printing platform, Wash 400/Wash 400F and Cure 400 — enables faster production of end-use parts Figure 4® Rigid Composite White & Accura® AMX Rigid Composite White, with early availability in Europe, enables high resolution, high stiffness parts with improved efficiency Range of new print platforms and materials reinforces continued investment in R&D to drive competitive advantage ROCK HILL, S.C., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Today, 3D System ...

3D Systems (DDD) recently announced an advancement in dental technology, with the Food and Drug Administration (FDA) granting 510(k) clearance for its advanced multi-material, monolithic jetted denture solution. The technology combines NextDent Jet Denture Teeth and NextDent Jet Denture Base, along with advanced jetting technology, software and services, to produce high-quality, durable and aesthetically pleasing dentures.By integrating the FDA-cleared solution, dental laboratories can now enhance efficienc ...

Unique multi-material, single-piece dentures offer unparalleled combination of distinctive break resistance and outstanding aesthetics for enhanced patient experienceSolution being implemented by Glidewell, one of the world’s largest dental laboratoriesFDA clearance represents another important milestone in Company’s strategic initiative to expand its market-leading digital dentistry solution portfolio addressing alignment, protection, repair, replacement of teethNew denture product family significantly exp ...

3D Systems’ (DDD) shares have plunged 63.6% year to date (YTD) compared with the broader Zacks Computer and Technology sector’s return of 17.6%.The underperformance can be attributed to challenging macroeconomic conditions, weak customer demand and stiff competition.In second-quarter 2024, DDD generated revenues of $113.3 million, down 11.7% year over year. The downtick was mainly due to reduced printer sales from macroeconomic challenges affecting hardware demand, partly offset by growth in materials and s ...

New TOTAL ANKLE Patient-Matched Guides pair with Smith+Nephew’s Total Ankle replacement solution, designed to help surgeons save time and ensure accuracy while performing fewer steps than standard instrumentationFDA clearance expands 3D Systems’ leadership in supporting orthopedic surgeons, with surgical planning experience now exceeding 175,000 cases3D Systems engineers and manufactures custom, patient-specific orthopedic solutions leveraging its VSP surgical planning workflows that include market-leading ...

Strategic partner Baker Hughes deploys Oqton Manufacturing OS as its production solution for additive-driven manufacturing workflow in Houston, TexasEnables on-demand additive manufacturing for regulated markets, improves efficiency & enables scalability leveraging power of real-time monitoringProvides full factory-floor workflow integration, automation, control, & optimization from part design through inspection and certificationFacilitates, expedites order management process for end-to-end record control, ...

Advanced software tool maximizes material removal from casting pattern interiors for cleaner burnout, more efficient drainingCustomers realizing up to 50% reduction in material consumption, multi-hour reduction in build timesStep change in material efficiency has demonstrated cost competitiveness with traditional injection molded wax patternsExpands on Company’s pioneering solution that is recognized as the industry standard to additively manufacture casting patterns3D Systems’ solutions driving growth of a ...

The company posted a double miss in its latest reported quarter.Barely over a week after it released (very) delayed first-quarter results, 3D Systems (DDD -8.15%) went back to the printing presses to publish a new set of quarterlies. Investors weren't impressed with the 3D printing company's Q2, as the stock traded down by almost 19% over the course of this week, according to data compiled by S&P Global Market Intelligence.Lower revenue, but narrower net lossOn Thursday, 3D Systems unveiled those Q2 figures ...

Should you buy Stratasys stock or 3D Systems stock instead? How about... neither?Just one day after Stratasys (SSYS -3.32%) stock suffered a 15% loss after reporting weak sales and a big GAAP loss for the second quarter of 2024, 3D Systems (DDD -9.01%) -- Stratasys' archrival in 3D printing -- reported its earnings for the same quarter. The results were similar... but worse.As with Stratasys, 3D missed Wall Street targets for sales, reporting $102.9 million for the quarter where the Street had hoped for $11 ...

Financial Data and Key Metrics Changes - For the first half of 2024, revenues were $216 million, a decline of 13% from the prior year, primarily driven by software printer sales, while materials remained largely flat and services provided a partial offset [34] - Sequentially, revenues grew over 10% from Q1 to Q2 across printers, materials, and services, indicating a recovery trend [34] - Non-GAAP gross margin for Q1 was 40.1%, improving 110 basis points year-over-year, and for Q2, it was 40.9%, improving 200 basis points year-over-year, resulting in a first half margin of 40.5%, a nearly 160 basis point improvement from the previous year [36] Business Line Data and Key Metrics Changes - In healthcare, total first half revenues were $94 million, down 14% from the prior year, with strong performance in materials and services offset by a decline in printer sales [35] - Industrial markets saw first half revenues of $122 million, also down 13% from the prior year, driven by declines in printers and materials, although services showed growth [35] - Services grew 6% year-over-year in the first half, critical for supporting the installed base of production printers and developing new applications with customers [16] Market Data and Key Metrics Changes - The opportunity pipeline has strengthened since Q1, with meaningful sales growth in Q2, attributed to improving consumer sentiment and declining inflation [9] - The backlog of new application development requests from customers has reached an all-time high, driven by both existing and new customers recognizing the benefits of additive manufacturing [10] - Specific markets such as healthcare, aerospace, and defense are seeing increased adoption of additive manufacturing technologies, with significant growth potential [11][12] Company Strategy and Development Direction - The company is focused on enhancing profitability while maintaining critical investments in R&D and services to maximize shareholder value [21] - A strategic partnership with Precision Resource aims to advance metal additive manufacturing initiatives, indicating a focus on expanding industrial applications [31] - The company is also concentrating its software portfolio on industrial markets that require high quality and assurance of supply, reflecting a strategic pivot to meet market demands [43] Management's Comments on Operating Environment and Future Outlook - Management noted that while the economic climate remains challenging, there are signs of sequential recovery, with increasing sales pipelines and growth in services laying a foundation for new customer growth [42] - The expectation for full-year 2024 revenues is updated to a range of $450 million to $460 million, with anticipated non-GAAP gross margins of 40% to 42% [44] - Management expressed optimism about the potential for printer demand to rise as inflation decreases and interest rates follow suit, which would drive CapEx spending [15] Other Important Information - The company has successfully reduced long-term debt by over 50% through opportunistic buybacks of convertible notes, strengthening its balance sheet [21] - The first half revenues for personalized healthcare grew over 12% year-over-year, marking the 10th consecutive quarter of growth for this segment [18] - The company is excited about advancements in its dental technology, including a significant contract for clear aligners valued at approximately $0.25 billion [23] Q&A Session Summary Question: Thoughts on dental market challenges and direct printing of aligners - Management acknowledged challenges with direct printing but emphasized its potential to broaden the market for clear aligners and improve delivery channels [46][48] Question: Changes in the pipeline and recent activity - Management noted that the pipeline is the largest it has been in years, driven by the increasing value of parts produced with specialized materials, particularly in defense and semiconductor industries [52][54] Question: Anticipated growth in healthcare and industrial sectors - Management expects growth in both sectors, with a significant recovery anticipated in printer sales as CapEx spending increases [70][71]