3D Systems tanks following Q2 report, peers also down

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

With 3D's (DDD -6.8%) shares up 5x from the start of 2012 going into the report, there wasn't much margin for error.

Stratasys (SSYS -3.2%) and ExOne (XONE -5.1%) are lower in sympathy.

3D's big Q2 R&D spending ramp follows complaints the company and other 3D printer makers haven't been spending enough on R&D to drive broader 3D printing adoption.

R&D still only totaled 7.9% of revenue in Q2, well below the percentages spent by many tech companies.

SG&A spend rose 23% Q/Q and 50% Y/Y to $36.2M. It remains nearly 4x greater than R&D spend ($9.6M).

Q2 results, PR