3D Systems (DDD) reported a non-GAAP loss of 17 cents per share in first-quarter 2024, wider than the Zacks Consensus Estimate of a loss of 7 cents. The company reported a loss of 9 cents per share in the year-ago quarter.DDD generated revenues of $102.9 million, down 15.1% year over year and lagged the consensus mark by 6.4%. The downtick was mainly due to reduced printer sales from macroeconomic challenges affecting hardware demand, partly offset by growth in materials and services.Product revenues declin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.001 per share DDD New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURIT ...

ROCK HILL, S.C., Aug. 20, 2024 (GLOBE NEWSWIRE) -- 3D Systems Corporation (NYSE:DDD) announced today its financial results for the first quarter ended March 31, 2024. First Quarter Financial Results and Recent Business Highlights (All numbers are unaudited and are presented in millions, except per share amounts or as otherwise noted) Q1'24 revenue of $102.9 million decreased 15.1% year-over-year primarily driven by lower printer sales, partially offset by growth in materials and servicesQ1'24 gross profit ...

Investments and Partnerships - The company made targeted investments and partnerships in 2023, including the acquisition of Wematter AB and a minority interest in Theradaptive, to enhance its 3D printing solutions and expand market reach[15] - The company expects these investments to accelerate the adoption of additive manufacturing in industrial and healthcare markets, creating profitable growth opportunities[16] Research and Development - The company focuses on regenerative medicine, particularly in 3D printing for organ transplantation, with ongoing R&D for human lung scaffolds[18] - The company is engaged in R&D efforts related to regenerative medicine, including the development of transplantable organs using 3D printing technologies[40] - The company aims to enhance its product portfolio and capabilities through ongoing R&D programs and partnerships with research institutions[40] - The company is developing 3D-printed vascularized "organs-on-chips" to enhance drug development processes, with commercial contracts established in 2023[20] Manufacturing and Production - The company provides advanced manufacturing services to help customers transition to additive manufacturing, operating under stringent quality systems[28] - The company has in-sourced the manufacturing of multiple printing platforms, terminating outsourcing arrangements in the U.S. and Switzerland to improve production quality and cost efficiency[36] - The company’s production and assembly activities are subject to compliance with environmental regulations, and it believes it is in compliance with all material respects[38] Patents and Intellectual Property - As of December 31, 2023, the company held 1,381 patents worldwide, an increase from 1,358 patents in 2022, and had 350 pending patent applications[42] - The company has 350 pending patent applications worldwide as of December 31, 2023, down from 360 in 2022[42] - The company has entered into licensing arrangements that allow other companies to utilize its technologies, although the royalties from these licenses have not been material to its financial results[43] Customer Relationships and Revenue - One customer accounted for approximately 15% of consolidated revenue in 2023, highlighting the importance of key customer relationships[34] - The company reported a consolidated revenue of approximately 15% from a single customer for the years ended December 31, 2023, 2022, and 2021[34] - The company expects to maintain its relationship with a major customer that accounted for approximately 15% of its revenue in 2023[34] Workforce and Talent Management - The company had 1,925 full-time and part-time employees as of December 31, 2023, down from 2,032 employees in 2022, as part of ongoing restructuring activities[51] - Approximately 44% of the company's employees are located outside the U.S., with a distribution of 56% in the Americas, 35% in EMEA, and 9% in APAC, promoting diversity and innovation[53] - The company emphasizes talent management and engagement, focusing on employee retention and development to drive long-term success[52] - The company has established competitive and equitable compensation programs to attract and retain top talent, aligning executive pay with long-term shareholder value[55] - The company has ongoing strategic workforce and succession planning to address evolving business needs and enhance organizational design[52] - The company is committed to creating a safe and healthy work environment, providing substantial safety training and monitoring health and safety metrics across its organization[56] - The company has not experienced any material work stoppages and maintains satisfactory relations with its employees[51] Sustainability and Corporate Responsibility - The company aims to enhance its sustainability strategy, focusing on four pillars: Empowering Innovation, Evolving the Future of Manufacturing, Advancing Customer Solutions, and Upholding Responsible Business Practices[46] - The company’s products and customer solutions are designed to optimize supply chains, reduce lead times, and minimize environmental impact through localized production[48] - The company is committed to workplace health and safety, providing substantial safety training and monitoring health and safety metrics across the organization[56] - The company has a focus on fostering an inclusive culture, extending its commitment to local communities through volunteer programs[54] Competitive Strategy - The company’s competitive factors include the functionality of its technology, total cost of operation, and the ability to provide complete solutions to meet customer needs[45] - The company’s marketing strategy includes a direct sales force and channel partners to promote its solutions globally[33] - The company is advancing additive manufacturing through ongoing product innovation, which is critical for achieving profitable growth[52] Demand and Market Trends - Historically, the company experiences stronger demand in the fourth quarter due to capital expenditure cycles, with the first quarter typically being the weakest[35] - The company’s executive team includes experienced leaders with backgrounds in various industries, enhancing its strategic direction and operational effectiveness[60][62][63][64][65][66][67]

NAMI purchased 3D Systems’ metal DMP Factory 500 and DMP Flex 350 Dual solutions, and polymer SLS 380 solution to produce parts for Saudi Electricity Company — improving supply chain efficiencyDemonstrates positive effects of manufacturing locally and impact of making additive manufacturing more accessible to catalyze innovation3D Systems’ solutions driving growth of additive manufacturing use in energy sector — total market expected to grow to $17 billion by 2032 ROCK HILL, S.C., July 11, 2024 (GLOBE NEWSW ...

NAMI purchased 3D Systems' metal DMP Factory 500 and DMP Flex 350 Dual solutions, and polymer SLS 380 solution to produce parts for Saudi Electricity Company — improving supply chain efficiencyDemonstrates positive effects of manufacturing locally and impact of making additive manufacturing more accessible to catalyze innovation3D Systems' solutions driving growth of additive manufacturing use in energy sector — total market expected to grow to $17 billion by 2032 ROCK HILL, S.C., July 11, 2024 (GLOBE NEWSW ...

3D Systems (DDD) is expanding its footprint in the additive manufacturing landscape through its recent partnership with Precision Resource, a renowned leader in producing critical components for the automotive, heavy-duty, aerospace and medical device industries.The collaboration aims to scale and accelerate additive manufacturing by leveraging the combined expertise of organizations and integrating the 3D Systems advanced Direct Metal Printing (DMP) platform into Precision Resource’s manufacturing processe ...

Collaboration intended to catalyze metal AM applications in high-criticality marketsPrecision Resource integrating two 3D Systems DMP Flex 350 Dual printers into manufacturing workflow to support effortsDMP Flex 350's best-in-class environmental control, inert atmosphere ensures exceptionally high-quality parts for precision applications ROCK HILL, S.C. and SHELTON, Conn., July 08, 2024 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE:DDD), a leading additive manufacturing solutions provider, and Precision Resou ...

Collaboration intended to catalyze metal AM applications in high-criticality marketsPrecision Resource integrating two 3D Systems DMP Flex 350 Dual printers into manufacturing workflow to support effortsDMP Flex 350’s best-in-class environmental control, inert atmosphere ensures exceptionally high-quality parts for precision applications ROCK HILL, S.C. and SHELTON, Conn., July 08, 2024 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE:DDD), a leading additive manufacturing solutions provider, and Precision Resou ...

Many people overlook penny stocks due to the inherent risk of investing in them. The stocks are infamous for producing poor results and being too hard to trade profitably. While this is mainly true, there are exceptions, and within those rare few, there are penny stocks riddled with potential.These three penny stocks to buy, each with unique opportunities, are experiencing exciting new developments that could propel them to new heights. Investors willing to accept some risk and uncertainty with penny stocks ...