3D Systems(DDD)2025-03-26 22:23Revenue Concentration - For the years ended December 31, 2024, 2023, and 2022, one customer accounted for approximately 16%, 15%, and 23% of consolidated revenue, respectively[38]. Workforce and Employment - As of December 31, 2024, the company had 1,833 full-time and part-time employees, a decrease from 1,925 employees as of December 31, 2023[61]. - The company’s workforce is distributed with approximately 59% in the Americas, 32% in EMEA, and 9% in APAC, promoting diversity of thought and experiences[64]. - The company’s compensation programs are designed to be competitive and equitable, supporting employees in sharing in the success of the organization[66]. - The company is committed to creating a safe work environment, providing substantial safety training and necessary equipment to reduce significant safety risks[67]. - The company emphasizes a strong safety culture through communication, awareness, and visible leadership[67]. Intellectual Property - The company held 1,247 and 1,381 patents worldwide as of December 31, 2024, and 2023, respectively, with 300 and 350 pending patent applications[47]. Manufacturing and Production - The company completed its work to in-source the manufacturing of multiple printing platforms in 2024, resulting in improved production quality and cost efficiency[40]. Research and Development - The company is engaged in R&D efforts related to regenerative medicine, including the development of transplantable organs using 3D printing technologies[45]. Marketing and Sales Strategy - The company’s marketing strategy includes a direct sales force, channel partners, and appointed distributors across the Americas, EMEA, and APAC regions[35]. - The company’s solutions enable customers to optimize their supply chain, reduce lead times, and minimize environmental impact through localized production[57]. Corporate Governance and Leadership - The executive team includes Jeffrey A. Graves as President and CEO, Jeffrey D. Creech as CFO, and Charles W. Hull as CTO, with ages ranging from 46 to 85[71][72][74]. - Jeffrey D. Creech was appointed CFO in December 2023, previously serving as Senior Director at The Finley Group[72]. - Reji Puthenveetil was promoted to Executive Vice President, Additive Solutions and Chief Commercial Officer in January 2024, overseeing commercial operations for Healthcare and Industrial Solutions[75]. - Phyllis Nordstrom has served as Chief People Officer since August 2021 and was appointed Chief Administrative Officer in December 2022[76]. - Joseph Zuiker has been Executive Vice President of Engineering and Operations since December 2022, previously working at MTS Systems Corporation[77]. - Andrew W. B. Wright became Senior Vice President, General Counsel and Secretary in June 2024, with prior experience at Akoustis Technologies and IBM[78]. Transparency and Reporting - The company provides free access to its Annual Reports and other SEC filings on its website[68]. - Corporate governance materials, including the Code of Conduct and Ethics, are available on the company's website[69]. Sustainability Strategy - The company’s sustainability strategy is organized into four pillars: Empowering Innovation, Evolving the Future of Manufacturing, Advancing Customer Solutions, and Upholding Responsible Business Practices[55].