real-time news and commentary for investors
Friday, Sep 13
3D Systems up slightly after Deutsche talk, new medical service
- 3D (DDD +0.4%) CFO Damon Gregoire held a fairly positive Q&A session (transcript) yesterday afternoon at a Deutsche tech conference.
- Among other things, Gregoire: 1) Mentioned 3D, whose M&A-fueled growth strategy has been questioned, delivered 30% Y/Y organic growth in Q2, and has generally been seeing "mid-20s" organic growth. 2) Stated 68% of 3D's material sales are now tied to systems relying on its proprietary materials (typically higher-margin). 3) Boasted 3D now has ~1.2K patents.
- Discussing 3D's M&A's strategy (37 companies have been bought since '09), Gregoire suggested future acquisitions will be tied to "advanced materials development," consumer printing, and the expansion of 3D's international services ops (3D just bought U.K. services firm CRDM). He also promised 3D's DSO will fall back to ~75 days by the end of 2013 after rising to 84 days in Q2.
- This morning, 3D unveiled Bespoke Modeling, a cloud-based service (starts at $30/month) that lets medical professionals create, share, and print 3D anatomical models. The service is a by-product of 3D's May '12 acquisition of 3D-printed prosthetics startup Bespoke Innovations.