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DDD Boosts Dental 3D Printing: How Should Investors Play the Stock?
ZACKS· 2024-09-18 19:20
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 ...
3D Systems Receives FDA Clearance for First-to-Market Multi-material, Monolithic Jetted Denture Solution
GlobeNewswire News Room· 2024-09-17 12:30
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 Down 64% YTD: How Should Investors Play the Stock?
ZACKS· 2024-09-13 20:11
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 ...
3D Systems Expands Orthopedic Surgical Planning Portfolio Receiving FDA Clearance for Key Ankle Indications
GlobeNewswire News Room· 2024-09-11 12:30
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 ...
3D Systems Announces Significant Milestone in Commercialization of Oqton Manufacturing OS
GlobeNewswire News Room· 2024-09-09 12:30
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, ...
3D Systems Expands High Precision Investment Casting Portfolio with QuickCast Air™
GlobeNewswire News Room· 2024-09-04 12:30
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 ...
Why 3D Systems Stock Withered This Week
The Motley Fool· 2024-08-30 21:48
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 ...
Why 3D Systems Stock Just Dropped 10%
The Motley Fool· 2024-08-30 17:12
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 ...
3D Systems(DDD) - 2024 Q2 - Earnings Call Transcript
2024-08-30 00:41
3D Systems Corporation (NYSE:DDD) Q2 2024 Earnings Conference Call August 29, 2024 5:00 PM ET Company Participants Mick McCloskey - Vice President, Investor Relations Jeffrey Graves - President & Chief Executive Officer Jeff Creech - Executive Vice President & Chief Financial Officer Conference Call Participants Troy Jensen - Cantor Fitzgerald Danny Eggerichs - Craig-Hallum Jim Ricchiuti - Needham & Company Ananda Baruah - Loop Capital Markets Operator Hello, and welcome to the 3D Systems First Half 2024 Co ...
3D Systems(DDD) - 2024 Q2 - Earnings Call Presentation
2024-08-29 22:27
August 29, 2024 First Half 2024 Financial Results Welcome and Participants 2 Dr. Jeffrey Graves President & Chief Executive Officer Jeffrey Creech Executive Vice President & Chief Financial Officer Mick McCloskey Vice President, Treasury & Investor Relations To participate via phone, please dial: 1-201-689-8345 Forward Looking Statements 3 Certain statements made in this presentation that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Secur ...