Mon, Feb. 2, 4:39 PM
- Stratasys (NASDAQ:SSYS) now expects 2014 revenue of $748M-$750M (31% organic growth) and EPS of $1.97-$2.03, below prior guidance of $750M-$770M and $2.21-$2.31 and a consensus of $763.6M and $2.25.
- The company is also guiding for 2015 revenue of $940M-$960M (25%-28% growth) and EPS of $2.07-$2.24, below a consensus of $1.01B and $2.91. It "plans to invest an additional 2% in operating expenses out of anticipated revenues in 2015 and future periods to help enable growth, maintain market leadership and meet future opportunities."
- Q4 revenue is estimated to have risen 38% Y/Y, below a consensus for 48% growth. Q4 organic growth is pegged at 25%.
- A $100M-$110M goodwill impairment charge is expected to be taken on the MakerBot acquisition. MakerBot revenue (12% of total revenue) only rose 7% Y/Y in Q4, well below the growth seen in prior quarters.
- Stratasys is reiterating long-term goals for at least 25% organic revenue growth, an 18%-23% op. margin, and a 16%-21% net margin. CC at 8:30AM ET tomorrow.
- 3D Systems (NYSE:DDD) is also off sharply AH. ExOne (NASDAQ:XONE) is down 2.3%.
Wed, Jan. 14, 11:49 AM
- William Blair argues competition in the professional 3D printer market is intensifying, and that the consumables revenue of incumbents (20%-30% of total revenue, but 70%-80% of gross profit) is at risk. (source: Notable Calls)
- As evidence, Blair notes a new 3D printer from German injection molding system maker Arburg relies on thermoplastic pellets that cost ~1/100th as much as Stratasys' (SSYS -2.7%) thermoplastics. "Arburg is precisely the type of machine that we believe could significantly alter the competitive landscape."
- In addition to Stratasys, 3D Systems (DDD -4.5%) and industrial-focused ExOne (XONE -1.9%) are underperforming. The Nasdaq is down 0.6%.
- The group also sold off on Monday.
Mon, Jan. 12, 4:13 PM
- 3D Systems (DDD -3.8%), Voxeljet (VJET -3.9%), ExOne (XONE -5.6%), Organovo (ONVO -4.4%), Arc Worldwide (ARCW -7.3%), and to a lesser extent Stratasys (SSYS -2.8%) sold off today, generally on below-average volume. The Nasdaq closed down 0.8%.
- 3D Systems has received some favorable CES coverage over the last week. During a CES talk with management, Brean reported hearing of a "meaningful increase in partner interest," and that 3D thinks it offers an unmatched consumer experience in terms of ease-of-use. "DDD believes they are the only folks offering plug and play in just 10 minutes ... now it is not about making the printer work, but what can I get out. DDD has also cracked the code on content generation and getting content off of Cubify."
- Oppenheimer, which calls 3D its favorite name in the space, noted there weren't many new product launches from big OEMs, something it considers a positive. "We believe 2013 and 2014 were aberrant years and 2015 could return to more normal [investment] patterns."
- Dutch startup Ultimaker's desktop 3D printer line (competes against 3D's Cube line and Stratasys' MakerBot unit) received good reviews at CES. Ultimaker's systems, which are based on open-source hardware designs, are priced from $1,450-$3,030; two new models become available for pre-order in March.
- Last week: 3D Systems goes after MakerBot by acquiring botObjects
Sun, Jan. 4, 3:49 PM
- The following stocks were the Russell 2000's worst performers in 2014:
- KWK -93.5%. WLT -91.7%. AMZG -89.5%. PHMD -88.2%. EXXI -88%. RGDO -86.8%. REN -85.4%. HERO -84.7%. EOX -84.3%. MCP -94.3%. CVEO -84.2%. BPZ -84.1%. FWM -82.6%. MILL -82.2%. NADL -81.6%. VRNG -81.4%. CYTX -81%. SALT -80.5%. PRKR -80%. MBII -79.7%. NTLS -79.2%. COVS -78.9%. KEG -78.9%. MM 78 MPO -77%. ANR -76.6%. EXEL -76.5%. SZYM -76.3%. CONN -76.2%. ANV -75.5%. GALT -75.5%. ZQK -74.8%. ARO -74.5%. REXX -74.1%. GDP -74%. FUEL -73.8%. QRHC -73.7%. VTG -73.4%. RLOC -73%. XONE -72.2%.
Dec. 26, 2014, 1:03 PM
Dec. 26, 2014, 11:51 AM
- 3D Systems (DDD +5.8%), Voxeljet (VJET +9.2%), and ExOne (XONE +12.2%) are posting big gains on a day the Nasdaq is up 0.6%. Stratasys (SSYS +2.9%) is up more moderately, but also outperforming.
- Short interests for the group remain very high: As of Dec. 15, 3D Systems had 35.5% of its float shorted (a 52-week high); Stratasys had 21.7% (ditto); Voxeljet had 17.8%; and ExOne had 44.2%.
- Previous: Canaccord expects a 2015 rebound for 3D printing stocks.
Dec. 18, 2014, 7:38 AM
Dec. 15, 2014, 1:02 PM
- ExOne (XONE -8.7%) and Voxeljet (VJET -9.8%) are among the biggest tech decliners on a day the Nasdaq is down 0.4%. 3D Systems (DDD -3.4%) and Stratasys (SSYS -1.4%) are also underperforming.
- 3D Systems, Stratasys, and Voxeljet have made new 52-week lows, and ExOne is very close to doing the same. 3D Systems now goes for 3.3x 2015E sales exc. net cash, and Stratasys 3.9x 2015E sales exc. net cash.
- Last Friday: Canaccord expects a 2015 rebound for 3D printing stocks
Nov. 23, 2014, 10:25 AM
- Regulatory concerns are holding back the widespread adoption of 3D printing, a market that is predicted to reach $21B worldwide by 2020, compared with just $3.1B last year.
- The need to satisfy regulators about safety is an "obstacle" to the technology’s advance in certain sectors, says Stratasys (NASDAQ:SSYS) CEO David Reis. "Every part has to go through testing...every technology, every material has to go through certification."
- Manufacturers are facing many hard to win approvals, ranging from the FAA for the production of aerospace parts to the FDA for healthcare devices.
- Related tickers: DDD, VJET, XONE, ONVO, CAMT, OTCPK:AMAVF
Nov. 14, 2014, 4:44 PM
- Though it posted a Q3 miss and slashed its 2014 guidance on Wednesday, Oppenheimer thinks ExOne (XONE) will perform better in 2015.
- Oppenheimer notes the 3D printer maker is guiding for 25%-35% 2015 organic growth, and thinks the forecast could end up being conservative. Consensus is currently for 35.9% growth.
- Shares rose 7% in regular trading. They fell only 1.1% on Thursday, after initially selling off hard in response to ExOne's results/guidance.
Nov. 12, 2014, 5:36 PM
Nov. 12, 2014, 4:30 PM
- ExOne (NASDAQ:XONE) now expects 2014 revenue of $45M-$50M, below prior guidance of $55M-$60M and a $54.2M consensus.
- CEO Kent Rockwell: "We continue to struggle with predicting timing of our machine sales and therefore we are lowering our expectations for 2014 revenue based on clearer visibility for the remainder of the year."
- 8 printers were sold in Q3, up from 6 in Q2 but flat Y/Y. Only one high-end S-Max printer was sold, down from 3 in Q2 and 4 a year ago.
- Gross margin was 25.8% vs. 22.3% in Q2 and 45.2% a year ago. GAAP R&D spend rose 76% Y/Y to $2.3M, and SG&A spend 24% to $4.6M.
- Bigger rival 3D Systems (NYSE:DDD) has slipped in response to ExOne's numbers.
- Q3 results, PR
Nov. 12, 2014, 4:08 PM
Nov. 11, 2014, 5:35 PM
Nov. 5, 2014, 10:17 AM
- Stratasys beat Q3 estimates and reiterated its full-year revenue guidance, but also cut its full-year EPS forecast - the acquisition of cloud software vendor GrabCAD was blamed - and forecast its capex would soar in 2015. Its shares are currently down 13.6%.
- 3D Systems (DDD -3.8%), Voxeljet (VJET -5.3%), ExOne (XONE -4.9%), and Organovo (ONVO -1.4%) are following Stratasys lower. 3D Systems, which issued a big Q3/full-year warning on Oct. 22, is making fresh 52-week lows.
Oct. 30, 2014, 7:09 AM
XONE vs. ETF Alternatives
ExOne Cois engaged in providing 3D printing machines & 3D printed and other products, materials and services to industrial customers. Itmanufactures and sells 3D printing machines and printing products to specification for its customers.
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