3D Systems Corp. (DDD) - NYSE
  • Oct. 29, 2015, 9:13 AM
    | Oct. 29, 2015, 9:13 AM
  • Oct. 23, 2015, 9:14 AM
    | Oct. 23, 2015, 9:14 AM | 6 Comments
  • Oct. 22, 2015, 4:58 PM
    • Stratasys (NASDAQ:SSYS) has warned again: The 3D printer maker now expects Q3 revenue of $166M-$168M and EPS of -$0.03 to $0.02, below a consensus of $184.6M and $0.08.
    • A new $140M-$180M charge is expected for the MakerBot consumer/enthusiast 3D printer unit, and Stratasys is "in the process of performing a goodwill impairment analysis for its other reporting units."
    • Stratasys blames weak capital spending by "customers in key verticals," and (echoing many third-party opinions) believes the 3D printing industry's huge 2013/2014 growth "may have created excess capacity in the market." Q3 results arrive on the morning of Nov. 4.
    • Shares have plunged to $23.80 after hours. Rival 3D Systems (NYSE:DDD) has fallen to $11.40.  ExOne (NASDAQ:XONE) is down 4.3% to $10.31; Voxeljet (NYSE:VJET) is down 3.1% to $5.95.
    | Oct. 22, 2015, 4:58 PM | 11 Comments
  • Oct. 19, 2015, 5:51 PM
    • Charlie Grace, most recently commercial printer maker EFI's VP of Americas sales, has been named 3D Systems' (NYSE:DDD) chief revenue officer for professional products. That puts him in charge of "professional and production 3D printer related revenue generation activities worldwide," including sales and channel development.
    • Grace joins in a year during which both 3D Systems and rivals have seen their sales slump as industrial 3D printing clients work through excess capacity. His appointment comes a year after EMC vet Mark Wright was hired to be 3D's COO. At the time of his hiring, 3D said Wright would help scale both the company's commercial (sales) and manufacturing ops.
    | Oct. 19, 2015, 5:51 PM | 5 Comments
  • Oct. 5, 2015, 3:14 PM
    • The Nasdaq is up 1.5% as equity markets display a renewed appetite for risk, and a large number of tech companies are posting 5%+ gains.
    • Major gainers include 3D printer makers 3D Systems (DDD +6.8%), Stratasys (SSYS +7.3%), and ExOne (XONE +10.4%), solar microinverter maker Enphase (ENPH +10.7%) and rival SolarEdge (SEDG +6.1%), car-buying site TrueCar (TRUE +10%), defense IT firm Kratos (KTOS +9.5%), online ad software firm Marin Software (MRIN +8.3%), and CDN owner Limelight (LLNW +8.9%).
    • Others: IP licensing firm Acacia (ACTG +7.2%), application delivery controller/security hardware vendor A10 Networks (ATEN +8.3%), travel deal site Travelzoo (TZOO +7.5%), home automation tech provider Control4 (CTRL +8.5%), M2M/telematics hardware and services firm CalAmp (CAMP +6.1%), online video hosting platform Brightcove (BCOV +6%).
    • 3D printing stocks, hit hard in 2014 and 2015, are reversing the big losses seen last Tuesday. Travelzoo's gains follow last Thursday's CEO change announcement. CalAmp is now up 24% since beating FQ2 estimates and providing in-line FQ3 guidance on Oct. 1.
    • Previously covered: Twitter, Cisco, Rackspace, Micron, SunEdison, Vivint, Juniper, CEVA, Knowles, Yandex/Qiwi
    | Oct. 5, 2015, 3:14 PM | 6 Comments
  • Sep. 29, 2015, 3:31 PM
    • 3D printer makers 3D Systems (DDD -6.8%), Stratasys (SSYS -9.3%), and Voxeljet (VJET -12.6%) are having another ugly day as markets remain in risk-off mode - the Nasdaq is down 1.2% - and so is 3D-printed tissue developer Organovo (ONVO -14.1%). Save for Voxeljet, volume has been below-average.
    • 3D Systems and Voxeljet have made fresh 52-week lows. YTD performances: DDD -33%, SSYS -69%, VJET -48%, ONVO -64%.
    • Though many shorts undoubtedly now have big paper profits, Voxeljet is the only name in the group to see significant short-covering this year: 3D had 34% of its float shorted as of Sep. 15, Stratasys 28%, Voxeljet 10%, and Organovo 27%.
    | Sep. 29, 2015, 3:31 PM | 8 Comments
  • Sep. 10, 2015, 2:58 PM
    • The General Services Administration (handles procurement for federal agencies) will offer 3D Systems' (DDD -1%) printers, software, and manufacturing services to agencies through a catalog and online portal, courtesy of a 20-year contract with 3D Systems partner Phillips' federal unit.
    • The agreement comes 4 months after 3D announced an R&D partnership with the U.S. Navy to "jointly develop and evaluate 3D printing technology and materials for military uses."
    | Sep. 10, 2015, 2:58 PM | 9 Comments
  • Sep. 1, 2015, 4:04 PM
    • Continuing a rough 2015, 3D Systems (DDD -6.6%), Stratasys (SSYS -5.8%), Organovo (ONVO -10.6%), Arcam (OTCPK:AMAVF -6.1%), and Voxeljet (VJET -4.9%) have seen outsized losses on a day the Nasdaq fell 2.9%. Volume was generally below-average.
    • Short interests indicate many shorts with large profits have chosen not to cover: 3D Systems had 35% of its float shorted as of Aug. 14, Stratasys 28%, Organovo 26%, and Voxeljet 11%.
    • Earlier today, Stratasys announced the Objet30 Dental Prime, a 3D printer aimed at smaller dental labs. The company promises the printer's High Quality mode can deliver "intricate, delicate features required for precise fittings on crown, bridge, and prosthetic models" via 16-micron layers.
    • Meanwhile, Organovo CEO Keith Murphy defended his company in a talk with Benzinga - he discussed partnerships with Merck, L'Oreal, and Yale, and downplayed Organovo's FQ1 numbers. "We reported about $300K in revenue for the first quarter, and we're seeing some reaction to that, I would say. The bigger picture is, last quarter we had $2 million in booked contracts. The fact that these (contracts) take a couple of quarters to be recognized as revenue shouldn't surprise anyone."
    | Sep. 1, 2015, 4:04 PM | 14 Comments
  • Aug. 10, 2015, 1:52 PM
    • Up strongly last Thursday following 3D Systems' Q2 miss, 3D printer makers are among the biggest tech gainers on a day the Nasdaq is up 1.2%. 3D Systems (DDD +8.8%), Stratasys (SSYS +8.3%), ExOne (XONE +8.5%), and Voxeljet (VJET +7.3%) are each up over 7%.
    • Volume for the group has been above-average, but not by a huge amount. With massive portions of each company's float still shorted, profit-taking by shorts is likely helping out today.
    • On Friday, Piper's Troy Jensen followed up his July 31 upgrade of Stratasys by upgrading 3D Systems to Neutral. Jensen reported industry checks pointed to improvements at channel partners, noted 3D mentioned in its earnings call (transcript) industrial clients began resuming purchases in Q2, and argued the metal 3D printing market is reaching an inflection point.
    • YTD performances: DDD -55%. SSYS -61%. XONE -45%. VJET -11%.
    | Aug. 10, 2015, 1:52 PM | 3 Comments
  • Aug. 6, 2015, 10:49 AM
    • After opening moderately higher in the wake of its Q2 miss, 3D Systems (NYSE:DDD) has surged above $14. Equally-beaten-down peers Stratasys (SSYS +9.1%), ExOne (XONE +6.5%), and Voxeljet (VJET +6.5%) are also up strongly.
    • 3D is still down 57% YTD, and over 85% from its early-2014 highs. With 36.4M shares (34% of the float) shorted as of July 15, profit-taking by shorts could be fueling today's gains.
    • 3D's Q2 results, details
    | Aug. 6, 2015, 10:49 AM | 7 Comments
  • Aug. 6, 2015, 9:21 AM
    • As was the case with its Q1 report, 3D Systems (NYSE:DDD) has declined to provide guidance to go with its Q2 results. Last time around, the company said it would offer guidance "when management has more clarity that sector conditions have stabilized."
    • Top-line performance: While reported Q2 revenue growth was 13%, organic growth (excludes M&A) was -5% (+2% exc. forex), On a reported basis, Americas revenue rose 15% and EMEA 25%, Asia-Pac fell 9%. Industrial, aerospace, and defense customers are said to have resumed 3D printer purchases.
    • Financials: Gross margin was down 130 bps Q/Q and flat Y/Y at 47.9%. In spite of the top-line pressures, GAAP operating expenses rose 11% Q/Q and 55% Y/Y to $105.5M, thanks partly to M&A integration work. SG&A spend totaled $79.7M, and R&D $25.7M. 3D ended Q2 with $171.2M in cash, and almost no debt.
    • CEO Avi Reichental: "While a period of high growth enabled us to acquire strategic assets and build critical expertise, our rapid expansion permitted certain operating inefficiencies that we are currently addressing. Specifically, we are enhancing the quality of our products and services, accelerating synergy and cost reduction measures, driving process improvements and working closely with our channel partners to improve our sales operations and worldwide coverage."
    • With expectations quite low going into earnings (particularly after Stratasys' numbers), shares have risen to $12.24 premarket.
    • Q2 results, PR
    • Update (11:00AM ET): 3D is now up 19.3%.
    | Aug. 6, 2015, 9:21 AM | 3 Comments
  • Aug. 6, 2015, 8:02 AM
    • 3D Systems (NYSE:DDD): Q2 EPS of $0.03 misses by $0.05.
    • Revenue of $170.5M (+12.5% Y/Y) misses by $2.69M.
    • Shares -0.5% PM.
    | Aug. 6, 2015, 8:02 AM | 14 Comments
  • Aug. 5, 2015, 5:30 PM
  • Aug. 3, 2015, 11:50 AM
    • 3D Systems (DDD -6.5%) and Stratasys (SSYS -7.9%) have sold off to multi-year lows yet again. Today's decline comes four days after Stratasys plunged in response to its weak Q3 guidance and full-year outlook withdrawal, and three days before 3D Systems releases its Q2 report.
    • 3D and Stratasys now respectively trade for just 1.5x and 1.3x estimated 2016 sales, after backing out net cash. Estimates, of course, have been frequently cut in recent months.
    • Previously: Stratasys adds to post-earnings losses as upgrades/downgrades arrive
    | Aug. 3, 2015, 11:50 AM | 16 Comments
  • Jul. 30, 2015, 9:26 AM
    • Though its Q2 results were in-line, Stratasys (NASDAQ:SSYS) is guiding for Q3 revenue of $175M-$190M and EPS of $0.03-$0.13, below a consensus of $216.5M and $0.47. In addition, the company has withdrawn its full-year guidance, citing "limited visibility regarding the timing of improvements in growth."
    • Stratasys adds it thinks the 3D printing/additive manufacturing industry is "transitioning through a period of slower growth, as users digest their investments in 3D printing and expand the utilization of recently acquired capacity." It also reports seeing Asian macro challenges, while insisting it it remains optimistic about longer-term growth prospects.
    • Key numbers: Q2 product revenue (printers/materials) fell 13% Y/Y to $134.5M, while services revenue rose 96% to $47.8M. Gross margin was 54.7% vs. 54.1% in Q1 and  59.8% a year ago. Operating expenses rose 23% Y/Y to $96.1M. Stratasys ended Q2 with $502.6M in cash, and $175M in short-term debt.
    • Stratasys has fallen to $30.34 premarket. Rival 3D Systems (NYSE:DDD) has fallen to $13.80 ahead of its Aug. 6 Q2 report.
    • Q2 results, PR
    | Jul. 30, 2015, 9:26 AM | 27 Comments
  • Jul. 30, 2015, 9:12 AM
    | Jul. 30, 2015, 9:12 AM | 6 Comments
Company Description
3D Systems Corp. is a holding company, which engages in the provision of three dimensional (3D) printing centric design-to-manufacturing solutions. The firm offers 3D printers, Quickparts solutions, 3D authoring tools and scanners, Bespoke Modeling, and TeamPlatform. It operates through the... More
Sector: Technology
Industry: Application Software
Country: United States