3D Systems sells 3D printers with related materials and software for concept modeling, prototyping, rapid tooling, and digital manufacturing. The company targets aerospace and defense, automotive, jewelry, semiconductor, and turbomachinery industries as well as dental and medical devices in healthcare.
3D Systems’ range of 3D printers is supported by several software solutions for reverse engineering, fast designing, workflow integration, inspection, fleet monitoring, and remote diagnostic applications.
The company has obtained over 1,000 patents and uses printing technologies for plastic and metal including stereolithography (SLA), selective laser sintering (SLS), multi-jet printing (MJP), color-jet printing (CJP), and direct metal printing (DMP), using materials like plastic, elastomer, wax, metal, and biocompatible materials. In September 2022, 3D Systems introduced CuNi30 –a new corrosion-resistant, copper-nickel alloy targeting marine, offshore oil and gas, and chemical and nuclear industries. In November 2023, the company received approval from the Food and Drug Administration (FDA) for its material NextDent Base used in dental applications.
3D Systems has made several acquisitions including Swedish 3D printing company Wematter (May 2023), German AM solutions provider for healthcare Kumovis (February 2022), polymer-based 3D printer developer Titan Additive (February 2022), and digital manufacturing solutions provider Oqton (September 2021) to expand operations.
Key customers and partnerships
3D Systems sold printers through a partner network and solution sales specialists spanning 68 countries, as of January 2024. In November 2022, the company partnered with AM materials developer Advanced Laser Materials (ALM) to accelerate the use of its DuraForm PAx material enabling ALM’s customers to use a unique copolymer compatible with available selective laser sintering (SLS) technologies.
Funding and financials
3D Systems was listed on the NYSE (DDD) in 2014 and raised USD 264.2 million in funding so far. The company recorded revenues of USD 538 million in 2022 which declined 1.1% YoY due to the weakened dental orthodontics market. The company recorded an operating loss of USD 26.9 in 2022 compared to a profit of USD 33.5 in 2021. The loss was attributable to several reasons, including the inflationary impacts on input costs and continued investments in growth areas. 3D Systems guided for revenue in 2023 to reach USD 545–575 million, implying growth of 1.3%–6.9% YoY.
In February 2023, the company announced several restructuring initiatives , which were revised in May 2023, to reduce the company’s operating expenses by USD 4–6 million in 2023 and achieve savings of USD 9–11 million in 2024 and beyond.
In November 3D Systems announced that it is repurchasing around USD 135 million of its 0% Convertible Senior Notes due 2026 at a 26% discount to par value. This debt reduction, paid in cash from the company's balance sheet was highlighted as strategic liability management, reducing debt by nearly 30%, bolstering the balance sheet, and affirming its cash reserves.
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