ROCK HILL, S.C., Jan. 05, 2026 (GLOBE NEWSWIRE) -- 3D Systems (NYSE:DDD) today announced that the Company will present via a fireside chat at the following investor conference: Event: 28th Annual Needham Growth ConferenceDate: Tuesday, January 13th, 2026Presentation Time: 12:45 p.m. – 1:25 p.m. Eastern TimePresenter: Dr. Jeff Graves, President and Chief Executive Officer; Phyllis Nordstrom, Interim Chief Financial Officer and Chief Administrative Officer A live webcast, as well as a replay, of the presentat ...

Core Viewpoint - 3D Systems Corporation has announced an agreement to exchange $30,773,000 of its 0% Convertible Senior Notes due 2026 for 16,625,243 shares of its common stock, with the exchange expected to close around December 16, 2025 [1][2]. Group 1: Exchange Details - The exchange will result in approximately $3.9 million of the 2026 Notes remaining outstanding after the transaction [2]. - 3D Systems will not receive any cash proceeds from the exchange [2]. Group 2: Regulatory Information - The shares issued in the exchange have not been registered under the Securities Act of 1933 and may not be offered or sold in the U.S. without registration or an applicable exemption [4]. - The announcement does not constitute an offer to sell or a solicitation to buy any of the shares [3]. Group 3: Company Background - 3D Systems has been a pioneer in 3D printing and additive manufacturing for nearly 40 years, providing industry-leading technologies and solutions across various high-value markets [6]. - The company aims to transform manufacturing through innovative 3D printing technologies, materials, and software [6].

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]

Core Viewpoint - 3D Systems Corporation reported a decline in revenue for Q2 2025, but improved profitability due to cost-saving initiatives and operational efficiencies despite challenging macroeconomic conditions [4][5][6]. Financial Performance - Revenue for Q2 2025 was $94.8 million, a decrease of 16% year-over-year from $113.3 million in Q2 2024 [2][7]. - Gross profit for the quarter was $36.2 million, with a gross profit margin of 38.1%, down from 41.6% in the same period last year [2][8]. - Operating expenses were $51.5 million, leading to an operating loss of $15.4 million, an improvement from a loss of $26.4 million in Q2 2024 [2][8]. - Net income attributable to 3D Systems was $104.4 million, a significant increase from a net loss of $27.3 million in the prior year [2][8]. Segment Performance - Healthcare Solutions revenue decreased by 8% to $45.0 million, while Industrial Solutions revenue fell by 23% to $49.8 million compared to the prior year [7][23]. - The Medical Technology sector showed resilience, with a 13% year-over-year growth in Personal Health Services, driven by increased orthopedic procedures using 3D printing technology [6][5]. - Aerospace & Defense revenues grew by 84% year-over-year, reaching over $30 million annually, highlighting strong demand in high-reliability industrial markets [6][5]. Cost Management and Efficiency - Cost reduction and efficiency programs resulted in over $20 million in savings in operating expenses during Q2 2025 [5][4]. - The company is on track to return to positive cash flow by 2026, supported by previously announced cost initiatives [5][4]. - The restructuring program includes workforce restructuring and consolidation of operational footprint, which are expected to continue through mid-2026 [4][5]. Balance Sheet and Liquidity - As of June 30, 2025, cash and cash equivalents totaled $116.4 million, a decrease of $55.0 million since December 31, 2024 [10]. - The company successfully retired $88 million in outstanding debt and extended maturities for the majority of remaining debt to 2030 [6][5]. - Total debt, net of deferred financing costs, stood at $122.6 million [10].

Core Viewpoint - 3D Systems is set to release its financial results for the second quarter of 2025 on August 11, 2025, after U.S. stock markets close, followed by a conference call on August 12, 2025, at 8:30 a.m. Eastern Time [1][2]. Group 1 - The financial results will be discussed in a conference call and webcast, which can be accessed via the company's investor relations website [2]. - The company has a long history of nearly 40 years in the 3D printing and additive manufacturing industry, founded by Chuck Hull [3]. - 3D Systems provides industry-leading 3D printing technologies, materials, and software across various high-value markets, including medical, aerospace, and AI infrastructure [3].

Core Viewpoint - 3D Systems has successfully completed strategic transactions to refinance its outstanding convertible notes and repurchase shares, enhancing its capital structure and financial flexibility [1][4]. Group 1: Financial Transactions - The company repurchased approximately 8 million shares of its common stock, representing about 6% of its outstanding shares as of May 2, 2025 [1][7]. - The refinancing involved retiring approximately $88 million of debt, which is 41% of the prior balance, at a significant discount to par [7]. - The company issued $92 million in new Convertible Senior Secured Notes due in 2030, with an interest rate of 5.875% per annum [2][7]. Group 2: Financial Impact - The repurchase of existing notes at a discount is expected to result in a gain of approximately $10 million in the second quarter financial statements [3]. - The transactions are anticipated to reduce overall outstanding debt and extend the maturity profile, providing enhanced financial flexibility [4][7]. Group 3: Management Commentary - Dr. Jeffrey Graves, president and CEO, emphasized that these transactions are a significant step in strengthening the company's capital structure and managing potential dilution through share repurchase [4]. - The company has reduced its total debt by over 72% since 2021 through opportunistic transactions [4]. Group 4: Future Outlook - The company maintains strong cash reserves to support ongoing restructuring efforts and key growth initiatives [7]. - The new notes will mature on June 15, 2030, unless converted or repurchased earlier, reflecting a strategic move to manage debt maturity [2][7].

Core Viewpoint - 3D Systems has announced the issuance of $92 million in convertible senior secured notes, which will close on June 23, 2025, to strengthen its financial position and facilitate the repurchase of existing debt and shares [1][2]. Group 1: Notes Issuance Details - The notes will have a 5.875% interest rate, maturing on June 15, 2030, and will be convertible into cash, shares, or a combination at the option of the company [2][3]. - The initial conversion rate is set at 445.6328 shares per $1,000 principal amount, translating to an initial conversion price of approximately $2.24 per share, representing a 20% premium over the last reported stock price of $1.87 [3]. Group 2: Repurchase Plans - Proceeds from the notes will be used to repurchase a portion of the outstanding 0% convertible senior notes due 2026 and to buy back approximately $15 million worth of common stock [5]. - The company has negotiated to repurchase approximately $180 million in aggregate principal amount of the 2026 notes and may continue repurchasing after the notes' closing [6]. Group 3: Stock Repurchase Transactions - 3D Systems plans to repurchase around 8 million shares of its common stock from purchasers of the notes at a price of $1.87 per share, which matches the closing price on June 17, 2025 [7].

Core Viewpoint - 3D Systems will announce its financial results for Q1 2025 on May 12, 2025, with a conference call scheduled for May 13, 2025, at 8:30 a.m. Eastern Time [1][2]. Company Overview - 3D Systems was founded over 35 years ago by Chuck Hull, who aimed to enhance product design and manufacturing through 3D printing, leading to the establishment of the additive manufacturing industry [3]. - The company provides comprehensive 3D printing solutions, including technologies, materials, and software, targeting high-value markets such as medical, aerospace, transportation, AI infrastructure, and durable goods [3]. - 3D Systems is committed to transforming manufacturing for a better future, driven by the expertise and passion of its employees [3].