3D Systems slips; BofA/Merrill worried about printer mix

|About: 3D Systems Corp. (DDD)|By:, SA News Editor

After looking at 3D Systems' (DDD -1.2%) 2013 10-K, BofA/Merrill thinks the company's printer mix is shifting towards cheaper systems that tend to have lower materials attach rates.

3D states in its 10-K price/mix had a $397.7M impact on printer and other products revenue in 2013, up from just $109.1M in 2012, and that the "trend toward smaller, lower-priced printers has continued." At the same time, volume growth had a positive $498.9M impact.

The company's big Q4/2014 warning was partly attributed to gross margin pressure resulting from an unfavorable mix.