Revenue Performance - Revenue for the three months ended September 30, 2025, was $91.2 million, a decrease of $21.7 million (approximately 19.3%) compared to $112.9 million for the same period in 2024[144]. - Revenue for the nine months ended September 30, 2025, was $280.6 million, down $48.5 million (approximately 14.7%) from $329.1 million in the prior year[144]. - For the three months ended September 30, 2025, total revenue decreased by $21.7 million, or 19.2%, to $91.2 million compared to the same period in 2024, primarily due to a decline in product revenue of $20.7 million[146]. - For the nine months ended September 30, 2025, total revenue decreased by $48.5 million, or 14.7%, to $280.6 million compared to the same period in 2024, driven by a decline in product revenue of $47.9 million[147]. Cost and Expenses - Cost of sales for the three months ended September 30, 2025, was $61.8 million, a decrease of $9.4 million (approximately 13.2%) from $71.2 million in 2024[144]. - Selling, general and administrative expenses (SG&A) for the three months ended September 30, 2025, were $34.7 million, down $23.3 million (approximately 40.2%) from $58.0 million in 2024[144]. - Research and development expenses (R&D) for the three months ended September 30, 2025, were $16.0 million, a decrease of $4.7 million (approximately 22.8%) compared to $20.8 million in 2024[144]. - Selling, general and administrative expenses (SG&A) for the three months ended September 30, 2025, decreased by $23.3 million, or 40.1%, compared to the same period in 2024[151]. - Research and development expenses (R&D) for the three months ended September 30, 2025, decreased by $4.7 million, or 22.8%, compared to the same period in 2024[152]. Profitability - The company reported a loss from operations of $21.3 million for the three months ended September 30, 2025, an improvement of $159.4 million compared to a loss of $180.8 million in the same period of 2024[144]. - Gross profit for the three months ended September 30, 2025, decreased by $12.3 million, or 29.4%, to $29.4 million, with a gross profit margin of 32.3% compared to 36.9% in the prior year[149]. - Gross profit for the nine months ended September 30, 2025, decreased by $31.5 million, or 24.3%, to $98.3 million, with a gross profit margin of 35.0% compared to 39.4% in the prior year[150]. Business Transactions - The company recorded a pre-tax gain of $125.7 million from the sale of its Geomagic software business in the nine months ended September 30, 2025[135]. - The company completed the sale of its 3DXpert and Oqton businesses for $3.5 million plus a potential revenue-based royalty of up to $12.9 million[137]. - The gain on disposition of $125.7 million for the nine months ended September 30, 2025, was due to the sale of the Geomagic business on April 1, 2025[168]. Cash Flow and Debt - Cash and cash equivalents totaled $95.5 million, a decrease of $75.8 million since December 31, 2024, primarily from cash used in operations of $73.1 million and capital expenditures of $8.0 million[174]. - Cash flow used in operating activities was $73.1 million during the nine months ended September 30, 2025, an increase of $36.0 million compared to the prior year[178]. - Net cash provided by investing activities was $108.3 million during the nine months ended September 30, 2025, an increase of $121.4 million, driven primarily by proceeds from the sale of the Geomagic business[178]. - Net cash used in financing activities was $98.3 million during the nine months ended September 30, 2025, an increase of $7.6 million, primarily due to net repayments of long-term debt of $81.4 million[179]. - As of September 30, 2025, the company had $126.7 million of outstanding long-term debt, comprising $34.7 million of 2026 Notes and $92.0 million of 2030 Notes[187]. Restructuring and Future Plans - The company expects to incur approximately $8.5 million to $14.5 million in pre-tax restructuring costs by the end of the second fiscal quarter of 2026[133]. - The company has initiated a 2025 Restructuring Plan aimed at delivering sustainable growth and profitability through cost savings and streamlining operations[132]. Market and Risk Assessment - The company has no material changes to its critical accounting estimates as described in the 2024 Annual Report on Form 10-K[200]. - There have been no material changes or developments affecting the market risk assessment since December 31, 2024[201]. - The company evaluates its estimates and assumptions on an ongoing basis, acknowledging that actual results may differ from these estimates[193]. Goodwill and Impairment - Goodwill is assigned to the Healthcare reporting unit, and the company assesses goodwill for impairment at least annually[195][196]. - The remaining goodwill assigned to the Healthcare reporting unit could be subject to impairment if there is a decrease in its estimated fair value[199]. - The quantitative goodwill impairment test compares the carrying value of a reporting unit to its fair value, with charges recognized when the carrying value exceeds fair value[197]. - Impairment losses are measured as the excess of the carrying value of a long-lived asset over its estimated fair value, determined using discounted projected cash flows[194]. - The company uses a guideline company valuation method to estimate fair values, which involves selecting appropriate comparable publicly traded companies[198].

Revenue Performance - Total revenue for Q3 2025 was $91.2 million, a decrease of 19% compared to $112.9 million in Q3 2024[3] - Total revenue for the three months ended September 30, 2025, was $91,249,000, a decrease of 19.3% compared to $112,940,000 for the same period in 2024[20] - Revenue for the fourth quarter is expected to grow sequentially by 8% to 10% compared to Q3 2025, driven by increased sales in healthcare and industrial markets[5][12] Profitability Metrics - Gross profit margin decreased to 32.3% in Q3 2025 from 36.9% in Q3 2024, primarily due to lower sales volume and the divestiture of the Geomagic business[8] - Gross profit for the nine months ended September 30, 2025, was $98,270,000, down from $129,733,000 in 2024, representing a decline of 24.2%[20] - Non-GAAP gross profit for the three months ended September 30, 2025, was $29.6 million, with a gross profit margin of 32.5%, compared to $42.5 million and 37.6% for the same period in 2024[32] - Gross profit (GAAP) for the nine months ended September 30, 2025, was $98.3 million, with a gross profit margin of 35.0%, down from $129.7 million and 39.4% in the same period of 2024[32] Operating Expenses - Operating expenses decreased significantly to $50.7 million in Q3 2025 from $222.5 million in Q3 2024, reflecting progress on cost reduction initiatives[3] - Operating expenses for the three months ended September 30, 2025, were $50,741,000, significantly lower than $222,471,000 in the same period of 2024, primarily due to a reduction in selling, general, and administrative expenses[20] - GAAP operating expenses for the nine months ended September 30, 2025, totaled $171.7 million, while non-GAAP operating expenses were $153.1 million, a decrease from $191.9 million in the same period of 2024[33] Net Loss and Adjusted EBITDA - Net loss attributable to 3D Systems Corporation was $18.1 million in Q3 2025, a decrease of $160.6 million compared to the prior year period[9] - The net loss attributable to 3D Systems Corporation for the three months ended September 30, 2025, was $18.1 million, compared to a net loss of $178.6 million for the same period in 2024[34] - Adjusted EBITDA improved to a loss of $10.8 million in Q3 2025, an improvement of $3.5 million year-over-year[9] - Adjusted EBITDA for the nine months ended September 30, 2025, was $(40.1) million, an improvement from $(47.3) million in the same period of 2024[34] Cash and Debt Position - Cash and cash equivalents decreased by $75.8 million since December 31, 2024, primarily due to cash used in operations[11] - Total cash as of September 30, 2025, was $114.2 million, with total debt of $122.6 million[10] - Cash, cash equivalents, and restricted cash at the end of the period were $114,239,000, down from $191,573,000 at the end of September 30, 2024[21] - Net cash used in operating activities for the nine months ended September 30, 2025, was $73,131,000, compared to $37,109,000 in 2024, indicating increased cash outflow[21] Healthcare and Industrial Solutions - Healthcare Solutions revenue decreased by 22% to $42.8 million in Q3 2025 compared to the prior year period[8] - Healthcare Solutions revenue for the nine months ended September 30, 2025, was $129,123,000, a decrease of 13.5% from $149,369,000 in 2024[23] - Industrial Solutions revenue for the nine months ended September 30, 2025, was $151,504,000, down 15.7% from $179,728,000 in 2024[23] Foreign Exchange and Other Charges - The company reported a foreign exchange gain of $2,623,000 for the three months ended September 30, 2025, compared to a loss of $1,960,000 in the same period of 2024[20] - The company reported a restructuring expense of $1.0 million for the nine months ended September 30, 2025, compared to a benefit of $(0.5) million in the same period of 2024[33] - The company incurred asset impairment charges of $143.7 million for the nine months ended September 30, 2024, with no such charges reported for the same period in 2025[33] Earnings Per Share - The basic net loss per common share for the three months ended September 30, 2025, was $(0.14), compared to $(1.35) for the same period in 2024[20] - The diluted loss per share (GAAP) for the three months ended September 30, 2025, was $(0.14), compared to $(1.35) for the same period in 2024[35] - Non-GAAP diluted loss per share for the nine months ended September 30, 2025, was $(0.27), compared to $(0.42) for the same period in 2024[35]

Core Viewpoint - 3D Systems Corporation reported a decrease in revenue and net loss for the third quarter of 2025, but anticipates sequential growth in the fourth quarter driven by improvements in key markets and new product launches [4][5][6]. Financial Results Summary - Revenue for Q3 2025 was $91.2 million, a 19% decrease from $112.9 million in Q3 2024 [3][6]. - Gross profit was $29.4 million with a gross profit margin of 32.3%, down from 36.9% in the prior year [3][7]. - Operating expenses were $50.7 million, significantly lower than $222.5 million in Q3 2024, leading to an operating loss of $21.3 million [3][8]. - Net loss attributable to 3D Systems Corporation was $18.1 million, an improvement from a loss of $178.6 million in the same quarter last year [3][8]. - Diluted loss per share was $(0.14), compared to $(1.35) in Q3 2024 [3][8]. Segment Performance - Healthcare Solutions revenue decreased by 22% to $42.8 million compared to the prior year [7]. - Industrial Solutions revenue decreased by 16% to $48.5 million compared to the prior year [7]. - The decline in revenue was attributed to lower sales volume and the divestiture of the Geomagic business [7]. Outlook - The company expects sequential revenue growth of 8% to 10% in Q4 2025, driven by increased sales in Healthcare, Industrial markets, and consumer markets [4][5]. - Gross margins are anticipated to stabilize, with increased volumes expected to offset short-term pressures from a heavier mix of printer sales [4][5]. Financial Liquidity - As of September 30, 2025, total cash was $114.2 million, with total debt of $122.6 million [9][10]. - Cash and cash equivalents decreased by $75.8 million since December 31, 2024, primarily due to cash used in operations and financing activities [10].

Core Insights - 3D Systems will release its financial results for Q3 2025 on November 4, 2025, after market close [1] - A conference call and webcast to discuss these results is scheduled for November 5, 2025, at 8:30 a.m. Eastern Time [2] Company Overview - 3D Systems has been a pioneer in 3D printing and additive manufacturing for nearly 40 years, founded by Chuck Hull [3] - The company provides industry-leading 3D printing technologies, materials, and software across various high-value markets, including medical, aerospace, and AI infrastructure [3] - 3D Systems aims to transform manufacturing through innovative solutions and a commitment to collaboration with customers [3]

Market Overview - U.S. stock futures showed mixed movements following a positive trading session on Monday, where benchmark indices reached new records due to successful trade negotiations with China [1] - The Federal Reserve is expected to announce a decision on interest rates, with a 97.8% likelihood of a cut in the October meeting [2] - Major indices' futures showed slight declines for Dow Jones and S&P 500, while Nasdaq 100 saw a minor increase [2] Company Earnings and Performance - United Parcel Service (UPS) is expected to report earnings of $1.31 per share on revenue of $20.83 billion, with a short-term stronger price trend but weaker medium and long-term trends [5] - UnitedHealth Group (UNH) anticipates earnings of $2.81 per share on revenue of $113.06 billion, showing a strong medium and short-term price trend but weaker long-term performance [5] - Cameco Corp. (CCJ) rose 9.67% and Brookfield Asset Management (BAM) advanced 3.52% after announcing a partnership with the U.S. Government for $80 billion in new nuclear reactors, maintaining a strong price trend [5] - 3D Systems Corp. (DDD) gained 9.45% due to significant milestones in its Saudi joint venture, indicating a strong price trend across all time frames [5] - Waste Management Inc. (WM) shares dropped 2.51% after reporting weaker-than-expected third-quarter results, maintaining a poor growth ranking [6] Sector Performance - Information technology, communication services, and consumer discretionary sectors recorded the biggest gains, contributing to a positive close for most sectors on the S&P 500 [7] - Consumer staples and materials sectors, however, closed lower, bucking the overall market trend [7] Analyst Insights - Professor Jeremy Siegel highlighted robust corporate profits as a key driver for the market, expecting a 25-basis point cut from the Federal Open Market Committee [9] - Siegel noted that earnings are strong and the real economy looks good, despite some tariff-related price noise being temporary [10] - Cautious market sentiment persists, with positioning remaining hedged and skeptical, which Siegel views as a healthy sign for future growth [11]

Market Overview - U.S. stock futures showed mixed movements following a positive trading session on Monday, where benchmark indices reached new records due to successful trade negotiations with China [1] - The Federal Reserve is expected to announce a decision on interest rates, with a 97.8% likelihood of a cut in the October meeting [2] - Major indices' futures showed slight declines for Dow Jones and S&P 500, while Nasdaq 100 saw a minor increase [2] Company Earnings and Performance - United Parcel Service (UPS) is expected to report earnings of $1.31 per share on revenue of $20.83 billion, with a short-term strong price trend but weak medium and long-term trends [5] - UnitedHealth Group (UNH) anticipates earnings of $2.81 per share on revenue of $113.06 billion, showing a strong medium and short-term price trend but weaker long-term performance [5] - Cameco Corp. (CCJ) rose 9.67% and Brookfield Asset Management (BAM) advanced 3.52% after announcing a partnership with the U.S. Government for $80 billion in new nuclear reactors, maintaining a strong price trend [5] - 3D Systems Corp. (DDD) gained 9.45% due to significant milestones in its Saudi joint venture, indicating a strong price trend across all time frames [5] - Waste Management Inc. (WM) shares fell 2.51% after reporting weaker-than-expected third-quarter results, maintaining a poor growth ranking [6] Sector Performance - Information technology, communication services, and consumer discretionary sectors recorded the biggest gains, contributing to a positive close for most sectors on the S&P 500 [7] - Consumer staples and materials sectors, however, closed lower, bucking the overall market trend [7] Analyst Insights - Professor Jeremy Siegel highlighted robust corporate profits as a key driver for the market, expecting a 25-basis point cut from the Federal Open Market Committee [9] - Siegel noted that earnings are strong and the real economy looks good, despite some tariff-related price noise being temporary [10] - Sentiment remains cautious, with positioning still hedged, which Siegel views as a healthy sign for the market's future [11]

Core Insights - 3D Systems and Dussur established the National Additive Manufacturing Innovation Company (NAMI) to support Saudi Arabia's Vision 2030 Program, focusing on advanced 3D printing technologies in the defense and energy sectors [1][2] - NAMI has achieved significant milestones, including partnerships with major companies like Saudi Electric Company and Lockheed Martin, enhancing local manufacturing capabilities [4][5] Group 1: Company Developments - NAMI reached critical milestones in deploying advanced 3D printing technologies across Saudi Arabia's energy and defense sectors [4] - Saudi Electric Company acquired a 30% stake in NAMI to enhance production efficiency and reduce costs for spare parts [5] - Lockheed Martin is collaborating with NAMI to manufacture military and aerospace components, reinforcing Saudi Arabia's role in global supply chains [5] Group 2: Industry Impact - The partnership with Saudi Electric Company aims to accelerate the adoption of 3D printing for energy infrastructure applications and develop a skilled workforce [5] - NAMI signed a $26 million framework agreement with Modern Isotope Factory for manufacturing tungsten components, aligning with localization goals [5] - The collaboration with Lockheed Martin is expected to enhance the adoption of additive manufacturing in the aerospace and defense sectors, utilizing 3D Systems' Direct Metal Printing technology [5]

Core Concept - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum if their valuations exceed future growth potential, leading to potential losses for investors [2] - A safer approach may involve investing in bargain stocks that are experiencing recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Case Study - 3D Systems (DDD) - 3D Systems has shown a price increase of 3.1% over the past four weeks, indicating growing investor interest [4] - The stock has gained 80.2% over the past 12 weeks, with a beta of 2.11, suggesting it moves significantly more than the market [5] - DDD has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to DDD's Zacks Rank 2 (Buy), as increased analyst interest typically drives stock prices higher [7] - DDD is trading at a Price-to-Sales ratio of 0.93, suggesting it is undervalued relative to its sales, providing room for further price appreciation [7] Group 4: Additional Opportunities - Besides DDD, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]

Core Insights - Metavista3D Inc. has unveiled its latest AI-driven 3D E-Mirror technology at the AutoTech Science Fair, marking a significant advancement in real-time visualization for automotive applications [1][2] - The new E-Mirror technology features lower latency and enables real-time 3D conversion with instantaneous response, setting a new standard for driver assistance systems [2] - Metavista3D is part of a lineup of industry leaders at the event, showcasing innovations that are shaping the future of automotive technology [3] Company Overview - Metavista3D Inc. is developing AI-driven, pseudo-holographic display technologies aimed at enabling glasses-free 3D visualization of spatial content, holding a portfolio of over 20 patents related to this technology [3] - The company is publicly traded on the TSX-Venture Exchange under the ticker symbol DDD and on the German Stock Exchange under the ticker symbol E3T [4]

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors typically do not time the market, instead they capitalize on stocks that are already trending upwards [1] - Identifying the right entry point for fast-moving stocks can be challenging, as these stocks may lose momentum if their valuations exceed future growth potential [2] Group 2: Investment Opportunities - Investing in bargain stocks that have recently shown price momentum can be a safer strategy [3] - 3D Systems (DDD) is highlighted as a strong candidate due to its recent price momentum, with a four-week price change of 47.2% [4] - DDD has gained 82.5% over the past 12 weeks, indicating strong long-term momentum [5] - The stock has a beta of 2.11, suggesting it moves 111% higher than the market in either direction [5] Group 3: Valuation and Earnings Estimates - DDD has a Momentum Score of B, indicating a favorable time to invest [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investor interest [7] - DDD is trading at a Price-to-Sales ratio of 0.97, suggesting it is undervalued at present [7] Group 4: Additional Investment Options - Besides DDD, there are other stocks that meet the criteria of "Fast-Paced Momentum at a Bargain" [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]