Latest news with #3DSystems
Yahoo
4 days ago
- Business
- Yahoo
3D Systems collaborates with Penn State, ASU researchers on NASA projects
3D Systems (DDD) is collaborating with researchers from Penn State University and Arizona State University on two projects sponsored by the National Aeronautics & Space Administration intended to enable ground-breaking alternatives to current thermal management solutions. Severe temperature fluctuations in space can damage sensitive spacecraft components, resulting in mission failure. By combining deep applications expertise with 3D Systems' leading additive manufacturing solutions comprising Direct Metal Printing technology and tailored materials and Oqton's 3DXpert software, the teams are engineering sophisticated thermal management solutions for the demands of next-generation satellites and space exploration. The project led by researchers with Penn State University, Arizona State University, and the NASA Glenn Research Center1 in collaboration with 3D Systems' Application Innovation Group has resulted in processes to build embedded high-temperature passive heat pipes in heat rejection radiators that are additively manufactured in titanium. These heat pipe radiators are 50% lighter per area with increased operating temperatures compared with current state-of-the-art radiators, allowing them to radiate heat more efficiently for high power systems. Additionally, a project led by researchers at Penn State University and NASA Glenn Research Center with 3D Systems' AIG yielded a process to additively manufacture one of the first functional parts using nickel titanium shape memory alloys that can be passively actuated and deployed when heated. This passive shape memory alloy radiator is projected to yield a deployed-to-stowed area ratio that is 6x larger than currently available solutions, enabling future high-power communications and science missions in restricted CubeSat volume. When deployed on spacecraft, such as satellites, these radiators can raise operating power levels and reduce thermal stress on sensitive components, preventing failures and prolonging satellite lifespan. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on DDD: Disclaimer & DisclosureReport an Issue 3D Systems Adjusts Equity Awards Amid Stockholder Meeting 3D Systems Corp Navigates Challenges with Strategic Focus 3D Systems Faces Persistent Revenue Challenges Despite Restructuring and Asset Sale, Justifying Hold Rating 3D Systems Reports Q1 2025 Financial Results 3D Systems' Financial Struggles Lead to Hold Rating Amid Revenue Declines and Withdrawn Guidance
Yahoo
16-05-2025
- Business
- Yahoo
Why 3D Systems Stock Was Sliding Hard This Week
The 3D printing specialist, a onetime investor favorite, posted lackluster quarterly results. This generated a downbeat research update from an analyst tracking the stock. 10 stocks we like better than 3D Systems › A disappointing earnings report was the main news item driving down 3D Systems (NYSE: DDD) over the past few trading days, a situation compounded by a significant price target reduction from an analyst. This eroded the company's share price, which had fallen by nearly 30% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence. In its first quarter, reported on Monday, 3D Systems saw its revenue decrease by 8% year over year to $95 million. Following a similar trajectory, the company's non-GAAP (adjusted) net loss widened to $0.21 per share from the year-ago shortfall of $0.17. The company also withdrew its full-year 2025 guidance. Finally, both headline metrics missed their respective consensus analyst estimates. In its earnings report, 3D Systems wrote that it aims to reduce costs by $50 million to help improve the bottom line. These cost-cuts should be enacted by the middle of next year, but the sharp sell-off following the publication of the results indicates that investors might not feel this effort will be successful. One person who didn't have an enthusiastic reaction to 3D Systems' latest news was Craig-Hallum analyst Greg Palm. On Wednesday the pundit cut his price target on the stock by 20%, reducing it to $2 per share from the previous $2.50. Although he maintained his neutral recommendation on 3D Systems stock, according to reports Palm expressed surprised at the company's significant misses in the quarter. He added that management has to convince investors that it can turn the current situation around, however it needs to execute more effectively. I share this view, only I'm more bearish on the company. To me, it's the story of a still-promising technology that isn't being well promoted or developed by the 3D Systems team. Like Palm, I think it has much to prove in the proximate future. Before you buy stock in 3D Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and 3D Systems wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $635,275!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $826,385!* Now, it's worth noting Stock Advisor's total average return is 967% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy. Why 3D Systems Stock Was Sliding Hard This Week was originally published by The Motley Fool
Yahoo
14-05-2025
- Business
- Yahoo
Polymer Additive Manufacturing Industry Research 2024-2031: Opportunities in Collaborations and Industry Partnerships, Advancements in Bioprinting, & Supply Chain Resilience and On-demand Production
Key growth drivers include cost efficiency, material waste reduction, and customization. North America leads the market due to strong industrial adoption. Major players include Stratasys and 3D Systems. Growth opportunities stem from bioprinting advancements and supply chain resilience. Services, FDM technology, and consumer products dominate market shares. Dublin, May 14, 2025 (GLOBE NEWSWIRE) -- The "Polymer Additive Manufacturing Market Size, Share, Forecast, & Trends Analysis by Offering (Hardware, Materials, Services), Technology (FDM, SLA, SLS, Polyjet, Binder Jetting), End User (Consumer, Electronics, Healthcare, Automotive, Aerospace & Defense) - Global Forecast to 2031" report has been added to Polymer Additive Manufacturing Market was valued at $11.95 billion in 2023. This market is expected to reach $36.19 billion by 2031 from an estimated $13.55 billion in 2024, at a CAGR of 15.1% during the forecast period from 2024 to growth of this market is driven by the benefits offered by polymer additive manufacturing such as cost efficiency and reduction in material waste; customization and design flexibility; reduction in lead time; lower labor costs; and sustainability and environmental impact. Moreover, customization and personalization; supply chain resilience and on-demand production; reduced material waste and cost-efficiency; advancements in bioprinting and healthcare; and collaborations and industry partnerships are expected to create market growth opportunities, North America holds the largest share in the polymer additive manufacturing market, driven by strong industrial adoption, technological innovation, and a well-established manufacturing ecosystem. The region is home to key players in the additive manufacturing industry, including manufacturers of advanced 3D printers, materials, and software solutions. This concentration of expertise facilitates rapid technological advancements and widespread adoption across industries, particularly in automotive, aerospace, and polymer additive manufacturing market is characterized by a moderately competitive scenario due to the presence of many large and small-sized global, regional, and local players. The key players operating in the polymer additive manufacturing market are Stratasys, Ltd. (U.S.), 3D Systems Corporation (U.S.), EOS GmbH (Germany), Materialise NV (Belgium), voxeljet AG (Germany), Markforged Holding Corporation (U.S.), Proto Labs, Inc. (U.S.), Autodesk, Inc. (U.S.), 3Dceram (France), Dassault Systemes SE (France), Formlabs Inc. (U.S.), and Shapeways Holdings, Inc. (U.S.).The polymer additive manufacturing market is segmented based on offering, technology, and end user. The report also evaluates industry competitors and analyzes the polymer additive manufacturing market at the regional and country type, in 2024, the services segment accounted for the largest share of the polymer additive manufacturing market. The substantial market share of this segment is primarily due to the need for specialized, customized products in industries like aerospace, healthcare, and automotive, along with the ability to outsource production without significant capital technology, in 2024, the fused deposition modeling (FDM) segment accounted for the largest share of the polymer additive manufacturing market. The large market share of this segment is primarily due to its low cost, ease of use, and versatility, making it ideal for startups, small businesses, and education. Its widespread use in rapid prototyping, functional testing, and low-volume production is further supporting the large share of this segmentBy end user, in 2024, the consumer products segment accounted for the largest share of the polymer additive manufacturing market. The substantial market share of this segment is primarily due to the growing demand for personalization, rapid prototyping, small-batch and on-demand production, and innovations in high-performance and sustainable materials for customized, low-volume, high-quality research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Europe (Germany, U.K., France, Italy, Spain, and Rest of Europe), the Middle East & Africa, and Latin Questions Answered in the Report: What is the value of revenue generated by the sale of polymer additive manufacturing related products and services? At what rate is the global demand for polymer additive manufacturing products and services projected to grow for the next five to seven years? What is the historical market size and growth rate for the polymer additive manufacturing market? What are the major factors impacting the growth of this market at global and regional levels? What are the major opportunities for existing players and new entrants in the market? Which product offering, technology, and end user segments create major traction for the manufacturers in this market? What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the polymer additive manufacturing market? Who are the major players in the polymer additive manufacturing market? What are their specific product offerings in this market? What recent developments have taken place in the polymer additive manufacturing market? What impact have these strategic developments created on the market? Key Topics Covered: 1. Introduction 1.1. Market Definition & Scope1.2. Market Ecosystem1.3. Currency & Limitations1.4. Key Stakeholders2. Research Methodology 2.1. Research Approach2.2. Process of Data Collection and Validation2.3. Market Sizing and forecasting2.4. Assumptions for the Study3. Executive Summary 3.1. Overview3.2. Segment Analysis3.3. Polymer Additive Manufacturing Market-Regional Analysis3.4. Competitive Landscape & Market Competitors4. Market Insights 4.1. Overview4.2. Factors Affecting Market Growth4.2.1. Drivers4.2.1.1. Cost Efficiency and Reduction in Material Waste4.2.1.2. Customization and Design Flexibility4.2.1.3. Reduction in Lead Time4.2.1.4. Lower Labor Costs4.2.1.5. Sustainability and Environmental Impact4.2.2. Restraints4.2.2.1. High Cost of Advanced Materials4.2.2.2. Limited Material Properties4.2.2.3. Regulatory Challenges4.2.2.4. Technology Limitations4.2.2.5. Skill and Knowledge Gap4.2.3. Opportunities4.2.3.1. Customization and Personalization4.2.3.2. Supply Chain Resilience and On-demand Production4.2.3.3. Reduced Material Waste and Cost-efficiency4.2.3.4. Advancements in Bioprinting and Healthcare4.2.3.5. Collaborations and Industry Partnerships4.2.4. Key Trends4.2.4.1. Rise of Biodegradable and Sustainable Materials4.2.4.2. Integration of Artificial Intelligence (Ai) and Machine Learning4.2.4.3. Increased Adoption of Hybrid Manufacturing Systems4.2.4.4. Growing Demand for On-demand Production and Spare Parts Manufacturing4.2.4.5. Expansion of Additive Manufacturing in Healthcare Applications5. Polymer Additive Manufacturing Market Assessment-by offering 5.1. Overview5.2. Services5.3. Hardware5.4. Software5.5. Materials5.5.1. Photopolymers (Resins)5.5.2. Polylactic Acid (PLA)5.5.3. Polyamide (Nylon)5.5.4. Acrylonitrile Butadiene Styrene (ABS)5.5.5. Polycarbonate (PC)5.5.6. Thermoplastic Polyurethane (TPU)5.5.7. Other Polymer Materials6. Polymer Additive Manufacturing Market Assessment-by Technology 6.1. Overview6.2. Fused Deposition Modeling (FDM)6.3. Selective Laser Sintering (SLS)6.4. Stereolithography (SLA)6.5. Polyjet6.6. Digital Light Processing (DLP)6.7. Multi Jet Fusion6.8. Binder Jetting6.9. Other Polymer Technologies7. Polymer Additive Manufacturing Market Assessment-by End User 7.1. Overview7.2. Consumer Products7.3. Healthcare7.4. Automotive7.5. General Manufacturing7.6. Electronics & Semiconductors7.7. Aerospace & Defense7.8. Chemicals & Materials7.9. Energy and Oil & Gas7.10. Other End Users8. Polymer Additive Manufacturing Market Assessment-by Geography 8.1. Overview8.2. North America8.2.1. U.S.8.2.2. Canada8.3. Asia-Pacific8.3.1. China8.3.2. Japan8.3.3. India8.3.4. Rest of Asia-Pacific8.4. Europe8.4.1. Germany8.4.2. U.K.8.4.3. France8.4.4. Italy8.4.5. Spain8.4.6. Rest of Europe8.5. Middle East & Africa8.6. Latin America9. Competition Analysis 9.1. Overview9.2. Key Growth Strategies9.3. Competitive Benchmarking9.4. Competitive Dashboard9.4.1. Industry Leaders9.4.2. Market Differentiators9.4.3. Vanguards9.4.4. Emerging Companies10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis) Stratasys Ltd. (U.S.) 3D Systems Corporation (U.S.) EOS GmbH (Germany) Materialise NV (Belgium) voxeljet AG (Germany) Markforged Holding Corporation (U.S.) Proto Labs Inc. (U.S.) Autodesk Inc. (U.S.) 3Dceram (France) Dassault Systemes SE (France) Formlabs Inc. (U.S.) Shapeways Holdings Inc. (U.S.). For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
Q1 2025 3D Systems Corp Earnings Call
Mick McCloskey; Vice President-Treasury & Investor Relations; 3D Systems Corp. Jeffrey Graves; President, Chief Executive Officer, Director; 3D Systems Corp. Jeffrey Creech; Chief Financial Officer, Executive Vice President, Principal Accounting Officer; 3D Systems Corp. Troy Jensen; Analyst; Cantor Fitzgerald Greg Palm; Analyst; Craig-Hallum Capital Group Brian Drab; Analyst; William Blair & Co. Alek Valero; Analyst; Loop Capital Operator Greetings. Welcome to 3D Systems first-quarter 2025 earnings call. (Operator Instructions) Please note this conference is being recorded. I will now turn the conference over to your host, Mick McCloskey, VP- Treasurer and Investor Relations. Thank you. You may begin. Mick McCloskey Hello and welcome to 3D Systems first-quarter 2025 conference call. With me on today's call are Dr. Jeffrey Graves, President and CEO; and Jeff Creech, EVP and webcast portion of this call contains a slide presentation that we will refer to during the call. Those following along on the phone who wish to access the slide portion of this presentation may do so on the investor relations section of our following discussion and responses to your questions reflect management's views as of today only and will include forward-looking statements as described on this slide. Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in our latest press release and our filings with the SEC, including our most recent annual report on Form 10-K, quarterly reports on Form this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, you will find additional disclosures regarding these non-GAAP measures, including reconciliations with comparable GAAP measures. Finally, unless otherwise stated, all comparisons in this call will be against the results for the comparable periods of that, I'll turn the call over to our CEO, Jeff Graves, for opening remarks. Jeffrey Graves Thank you, Mick. And good morning, everyone. As usual, I'll provide some opening comments on our current operating environment, our key initiatives and priorities, and then end with a few highlights of areas I think are important to investors for the future. I'll then hand off to our CFO, Jeff Creech, to provide details on the quarter's financial results. We'll then open up the call for Q& with that, let's move to slide 5. Let me start by putting the current market dynamics in perspective. Our 3D printing industry broadly is pioneering a new compelling method of manufacturing products that will take its place over time alongside traditional methods such as injection molding of polymers and casting of metals in factories around the world. This trend is exciting and it's 3D printing technologies bring unique benefits to customers in terms of performance, cost, and dramatically shortened lead times. They also provide an effective means of reducing supply chain disruption risks as the world experienced during COVID, or even as we are going through now with the tariff landscape shifting dramatically and often on a daily basis, just look at the last 36 such, each year, 3D printing is earning its way into factories around the world. So if this trend is so prevalent, the obvious question is why are sales weak? Well, the simple answer is that capital spending by customers across most markets is virtually frozen due in large part to the uncertainty around tariffs. Speaking specifically for our customer base, with the exception of personalized healthcare, defense, and AI infrastructure to some extent, virtually, all others are waiting to see what the future demand looks like and where they will need new capacity to meet this demand cost-effectively. It's that simple. And until the situation becomes clear, I believe CapEx investments will remain somewhat anemic. So that means our sales will be impacted for some unknown period of time and consequently that we'll need to prioritize cost reduction efforts as long as this environment be very transparent, at 3D systems, we've resisted this pressure to some extent in order to complete our three-year journey to refresh our entire polymer and metal product lines and bring what I believe are industry leading printing solutions to market. This is a journey we started in 2022, and we've seen it this period, our R&D investment has been held at just over 20% of revenue, reflecting the breadth of our technology portfolio, whereas our competitors that are similar in size are well below this level and declining. This sustained focus in our development programs, combined with the insourcing of our manufacturing operations, which is now virtually complete, is a much different path than others in our industry have taken. And I believe the benefits of it will be clear in the years ahead as the market ultimately technology refresh has been dramatic in scope in that it has spanned all five of our major polymer printing platforms and very importantly, our metal printing platform, which was at a critical crossroads just a few years ago. While many companies would have, and many did, bail out on metal printing at that point, given the competitive landscape and the growing threat from the Chinese, 3D Systems did not. And because we didn't, I can proudly say that our Generation 2 metal printing systems, which are just now entering the commercialization phase, offer an outstanding combination of performance, reliability, and cost that rivals any platform on the market today. Our focus for these metal systems is on markets that are most demanding, such as aerospace and defense and oil and gas, in addition to applications throughout the human these efforts, we positioned ourselves to not only sell great printing systems, but to provide the industry's best application support as well as the capability to produce limited quantities of parts for customers until they install their own printers or move to a contract manufacturer. It is this combination of capabilities spanning process development to full production that is unique to our company. We provide these capabilities for mature facilities in the United States, in Europe, and now via our joint venture in Saudi Arabia, which you'll hear much more about in the future. It's a business model that we've successfully executed for years in our healthcare business in areas such as titanium spinal implants, and we're now expanding into specific high-reliability industrial while it's always great to discuss our market-leading photopolymer printing systems because they're truly fantastic, I believe it's absolutely essential for a company in our industry to offer both polymer and metal printing solutions. This is needed in order to ultimately obtain the scale that's required to service key customers around the world as their production demands grow. Those companies that do not have this capability will ultimately need to develop it or acquire it in order to be successful. This is why I would not trade our position in this industry for any others today, even in the face of a challenging end with these investments behind us and our insourcing near complete, it's time to focus on cost in this period of economic turbulence. Last quarter, we announced a new initiative to reduce our annualized costs by over $50 million over a six-quarter period. This involved primarily a consolidation of our operating footprint and a streamlining of our back office ongoing sales pressures, however, we will now take the added step of aligning our overall organizational structure with the demand profile we experienced in the first quarter. While we certainly hope that this market condition is short-lived, but as the tariff situation is yet unresolved, it's prudent to assume that it will continue and to adjust our costs accordingly. These incremental cost actions, which will be completed over the next two months, will yield roughly $20 million of cost savings in the current year. Again, this is incremental to the $50 million of savings that is on track for completion by mid-2026, thus providing at least $70 million of cost savings in a timing standpoint, our priority is to get to a positive EBITDA situation as quickly as possible and then moving to positive operating and free cash flow performance. We believe this is highly attainable at the current sales levels once these programs are that introduction, let me move to a brief update on our key growth initiatives. One of the most exciting markets now opening before us is dentistry, and I've spoken to you about this on several calls. When we last spoke, we identified $1 billion of total addressable market opportunity in the United States alone, with Europe and Asia more than doubling this number. We divide this market into four parts: Straighten, protect, repair, and dental repair market, which we've not spoken a great deal about, has been foundational to us for many years and one in which we have a leading brand in NextDent materials. These materials are FDA and CEA approved for sale in all major markets, and they had a record sales performance in the fourth quarter of last year. While the first quarter was slightly softer, the trend is upward. And we expect it will continue, particularly as patient tooth repairs are typically not addition to our NextDent materials for the repair of teeth, a significant contributor today to our dental business relates to the straighten market, namely aligners, an application that's been central to our success for decades. And with last year's announced signing of the largest contract in our company's 40-year history, it will remain foundational to our dental business going of note, due to the very concentrated nature of this customer base, we can expect more pronounced volatility in the straighten segment as the key manufacturer of these products periodically adjust their inventory levels and migrates over time to just in time material sourcing strategies to reduce overall inventory exposure. This will lead to some degree in quarter-to-quarter volatility in demand as it did in Q1. But overall, this business remains on a solid growth curve as people around the world increase their use of aligners for teeth finally, as I've described before, an important and exciting milestone rapidly approaching for our dental business, and that's the launch of our new NextDent 300 jetting system designed specifically for the printing of monolithic dentures. Having gained FDA approval for the dentures several months ago, the launch of the full printing platform is on schedule for full release this summer. It's already in beta testing and customer feedback is very positive. This will give us full capability to address the U.S. dental market, which is estimated to be over $400 million that's several times the size of the aligner market. European certification is expected to follow next year, which will significantly add to this market let's turn to some additional growth drivers in areas of strategic focus for the future. Our growth in hardware systems and service revenues in this challenging economic climate provides important early feedback on our long-term growth strategy. As we've navigated through a challenging sales environment in recent quarters, we've continued to see demand for new customer application development and specialty parts manufacturing to respect to industrial companies, we view our Application Innovation Group or AIG as a unique enabler that allows us to aggressively address this growing customer need. In the first quarter, the effectiveness of our AIG group was demonstrated most tangibly through the double-digit revenue growth of our metal printing platforms that they enabled, even in the face of a soft CapEx spending environment. Metal parts that are of greatest interest to our customers are typically highly complex in their design and are commonly comprised of special metal alloys for use in high-temperature, corrosive, high-stress environments, which makes them application engineers work with customers through the entire design and work flow optimization process, printing test parts for validation, and in some cases, manufacturing initial production volumes as a bridge to the ultimate purchase of metal printers, software, and supporting services. This model is proving very effective for us and one that we'll expand upon in the an example of our technology advancement in metals that underpins this growth is the new DMP 350 Triple laser metal printing system which is now in full production. Over the last two years we've made significant strides in application capability and machine productivity in the 350, culminating in the system's ability to print the highest quality metal parts, having very low oxygen contamination. This capability, which was an outgrowth of our titanium printing requirements for human spinal implants, is attributable in part to the unique vacuum chamber design of the DMP Flex 350 printers. With this system, argon gas consumption is significantly reduced, which reduces operating costs, while yielding best-in-class oxygen levels, less than 25 parts per million, resulting in exceptionally strong high-quality high-purity addition, we recently introduced a removable print module with a larger build volume, making the DMP the most compact system in this size category in the industry. The triple laser system, with its advanced optics, offers high energy input for greater throughput at a system cost that provides a compelling return on investment for our customers. Key markets for this system are defense and aerospace, as well as AI infrastructure applications with sales spanning the U.S., Europe, the Middle East, and Asia.A similar story will soon unfold for our DMP 500 Gen 2 system, which is now in operation within our AIG group and is expected to enter full commercial production in the near future. With its larger print volume and greatly enhanced laser system, it will open an even greater range of applications in the higher reliability markets around the turning to slide 7. Our personalized healthcare and medical parts manufacturing business are also key areas of strategic focus for our future. As discussed previously, we are increasing our focus in these critical areas of our portfolio, and I'm pleased to share the medical parts manufacturing and personalized healthcare grew revenues 18% and 17%, respectively, in the quarter in a year-over-year once again by our AIG expertise, we partner closely with leading medical device manufacturers, collaborating with them from concept to commercialization of 3D printed implants and instruments within a variety of surgical specialties. Based on the growing demand we see ahead, we've increased our ability to scale this business, unlocking double-digit momentum for our FDA- and CE-approved medical implants and surgical aids manufactured in our ISO 13485-certified factories in the U.S. and our personalized healthcare business, we tailor specific patient-specific solutions, partnering with manufacturers and healthcare providers to transform surgical outcomes for both patients and surgeons. Our multi-faceted offerings include advanced design and planning software, creating custom solutions that help translate virtual surgery into the OR, improving outcomes and the overall patient experience. Our longstanding success in the cranio-maxillofacial or CMF space was on display again in April when we announced our solutions enablement of the world's first facial implant manufactured at point-of-care within the hospital in collaboration with the University Hospital at now expanding our focus to address new areas of the human body and into new geographies, accelerants to our growth and the nearly 250,000 patients served through our personalized healthcare solutions I turn things over to Jeff Creech to discuss our financials in more detail, I'd like to conclude my remarks on slide 8. Given the continuation of economic and geopolitical instabilities and the rapidly shifting tariff landscape which has so impacted our customer spending patterns, we decided to approach our outlook for the remainder of 2025 with a conservative view. This cautious approach, which we believe is prudent, considers the softer-than-expected start to the year given the pause we saw in our customers' CapEx spending since early in the we remain encouraged by the new printer and service sales growth during the first quarter, on balance, the year is off to a rough start, and we therefore need to take a more aggressive approach to reduce our cost structure. In order to do this, we'll now execute against two work streams, both focused on profitability improvements as I've described. The first is our previously announced cost actions which are on track to deliver over $50 million of annualized savings by the first half of next year. This is largely focused on footprint consolidation and back office efficiency improvements. In addition, we've decided to implement an incremental set of actions to deliver an additional $20 million of in-year savings for calendar '25. This effort will focus on resetting our organizational structure to align it with the demand environment that we currently continuity in R&D investment over the last three years, combined with our insourcing and manufacturing and supply chain management, have given us a strong foundation to leverage as we now adjust our cost structure in the face of challenging market dynamics. We believe that these efforts will result in a structure and operating model that will deliver positive EBITDA performance and cash generation levels that are needed to sustain long-term investment in the I do not like having to pull our 2025 guidance at this point, given the current volatility stemming from the fluid tariff situation, I see no option but to do so. Hopefully, this will resolve itself in the near future. But until it does, we'll be very prudent in our planning and focus on our costs so that we can be profitable at our current revenue levels when these actions are on April 1, we announced the completed sale of our Geomagic asset portfolio. The transaction delivered over $100 million of net proceeds to our balance sheet, leaving us in a strong net cash position as we now address our cost structure. As we move forward, our execution of these restructuring plans, combined with our current cash reserves, enable greater flexibility, positioning our leading portfolio of assets to transform manufacturing for a better with that, I'll now turn things over to Jeff. Jeff? Jeffrey Creech Thank you, Jeff. And good morning, everyone. I'll begin with our revenue summary on slide 10. For the first quarter, we reported consolidated revenues of $95 million, declining 8% from prior year as growth in services and hardware systems was offset by a decline in materials. Within our segments, industrial solutions declined 7% with revenues of $53 million with the shortfall driven by material sales. Somewhat offsetting this was growth in printer sales and a continuation of success in aerospace and defense end markets. Healthcare solutions revenues of $41 million decreased 9% from the previous year as growth in services was offset by a decline in materials and essentially flat printer (inaudible).Materials performance was primarily driven by near-term inventory adjustments in the dental orthodontics market. However, customer commentary suggests more resilient patient demand to continue supporting the business. Additionally, as Jeff mentioned earlier, personalized healthcare and parts manufacturing remain integral pieces of our strategy, and we're up 17% and 18%, the gross margins on slide 10. For the first quarter, we reported non-GAAP gross profit margin of 35% compared to 40% in the prior year. This decline in period-over-period margin was primarily driven by lower volumes and unfavorable price and mix. Longer term, we maintain the expectation to drive benefits to our margin profile by way of our announced cost initiatives focused on footprint consolidation, enhanced factory utilization, and inventory management, as well as logistics look at slide 12 for operating expense. Non-GAAP operating expense for the first quarter was $61.6 million, a $5 million improvement from the prior year driven by our cost initiatives. Looking ahead, we expect our cost management programs, inclusive of yesterday's announcement, to continue to drive a meaningful improvement in operating expense going to slide 13 to finish up the P&L. For the first quarter, adjusted EBITDA of negative $23.9 million declined from the prior year by $4 million, primarily driven by lower revenues and gross margin. Although we continued to maintain an elevated level of R&D investment in the quarter, we were pleased to see an improvement in overall operating expense driven by our cost actions. Non-GAAP loss per share was $0.21 compared to a loss per share of $0.17 in the prior take a look at the balance sheet on slide 14. We closed the quarter with $135 million in cash and cash equivalents compared to $171 million at the end of last year with the sequential decline in cash predominantly driven by operations. However, first quarter performance includes approximately $10 million of payments to support items outside of normal quarterly operations, including examples such as accelerated inventory purchases in anticipation of potential tariff impacts, compliance requirements, and expenditures on facilities closures, among other following the end of the first quarter, we announced the closed divestiture of Geomagic software portfolio. Gross proceeds from the sale increased cash by nearly $120 million and we expect to remit approximately $10 million to $15 million in taxes associated with the turning to the next slide, I'd like to call out a few important items. As an interim update, accounting for the Geomagic sale proceeds and our April operation, our most recent month in global cash balance was approximately $250 million. We are currently in a net cash positive position in comparison to our outstanding unsecured convertible nodes, which are due November 2026. We are continuing to proactively analyze a range of scenarios to address this maturity that will come due in approximately 18 months. Given the prudent and opportunistic approach to materially reduce the overall balance of this maturity at a highly attractive discount over the last two years, we look forward to providing updates on our plans as we continue to move slide 15 and some closing remarks. As Jeff mentioned earlier, due to the risk of protracted weakness in customer capital investment spending, we are withdrawing our full-year guidance for 2025 as we continue to focus on delivering profitability at our current scale. We believe with our strong new product portfolio spanning all metal and polymer platforms that we are well-positioned for accelerated growth and profitability when customer spending on CapEx thank you for your time this morning and your continued support of 3D Systems. And we will now open the line for questions. Operator. Operator (Operator Instructions)Troy Jensen, Cantor Fitzgerald. Troy Jensen Good morning gentlemen. Thanks for taking my questions here. Let me start out with you, Dr. Graves, just to comment on a liner inventory and the movement to just in time, can you go into that a little bit more and just kind of let us know what you think kind of the current material inventory levels are numbers of weeks or something. Jeffrey Graves I'll take a shot at answering that, Troy, and it's great to hear your voice. So in the aligner market, continues to be a growth market all in all, if you listen to the commentary by, the companies that are in that space, it continues to be a growth market. It may have moderated some, but it's still a growth market and moving global as as the dominant companies there have gotten more sophisticated and larger, they've, and as their growth rates have slowed, they're just paying a lot more attention these days to inventory and working capital. I think it's a common symptom of a maturing business where they have a more sophisticated infrastructure to manage their inventory, quite frankly, so they can move to, if not a day to day process, they can move to a much more controlled environment. And the factories around the world, the the money they tie up in working capital is significant, so it's a big payoff for them. So as a supplier to them what it means is as they go through that transition, just a lot more you know volatility and forecasts and things to us so we have a great relationship with them we've got, we we talked to them on a daily or hourly basis about meeting their their supply clear that they're migrating to a more sophisticated approach to to do it and and with that they'll be closer in matching supply with demand. In the past when they were growing really fast, Troy, I think it was just make sure you never, you always had materials on supply, quite frankly, and I'm I'm speaking for them, but. The attitude they projected was very much, just make sure we have all the inventory we need to make sure we keep all the manufacturing running now, with a more volatile economy around the world, I think it's just a more prudent way they're managing their inventory reserves and their inventories, and for us that transition can be a little bit volatile. So we had a very good year last saw some softness in Q1, some of which was expected, some of which was a bit of a surprise, but it's, the public commentary is their business continues to grow and obviously as their key supplier of materials, our business will over time grow too. So I wouldn't read too much into it. It's a symptom of growing up and becoming more sophisticated. And as a supplier, it leads you to having to be a little bit more nimble and you know you can expect a little bit more volatility you know we're in the in the you know the early phases here of a multi-year contract, so long term I don't worry about the business. I love it. I just want to focus on on executing well in the shorter term there can be some quarter to quarter variations which are always painful, but. You just, you just move on. So anyway, that was the story of the first quarter. I wouldn't read anything more into it than that. The liner business is still a great one, and there'll be more and more customers in that field, by the way, I believe that it's something people are using around the world. So did somewhere in there did I answer your question, Troy? Troy Jensen Number of weeks of inventory, but that that's okay. I'll go on to the next one here. Jeffrey Graves Yeah, in terms of in terms of inventory numbers I I I really. I really can't quote a number for you, but I think it's very well managed right now. I think you know they they've worked through a lot of their inventory, bring down if you will or leaning out, so I don't have a number for you, but I think they've worked it to where they want it to be to to kind of match their growth trajectory now. So you know it's just full speed ahead. Troy Jensen Perfect. Very helpful. Alright, so then my follow up question, with all the cost cuts going on, I've known over the past couple years you've entered some new markets with, via acquisitions acquired new techno technology. Does it make sense to like maybe completely exit some of these new technology areas that just are nascent with respect to your revenues right now? Jeffrey Graves Yeah, Troy, that's an ex it's it's an excellent question to always ask, especially when sales are off, what can you, with greater assurance, really focus on, some of the acquisitions that we did of of new technology bringing in and integrating, they're clearly winners, I love our extrusion technology with the titan platform we're fully integrating that. The commovis acquisition for some of the cranial implants, great technology. We can fully integrate those, get cost out, and just keep running. Those are great. Some of the stuff that we've moved into in regenerative medicine, I'll be candid with you, our lung program with United Therapeutics is fantastic. And if I go back 3 years ago, it spawned some truly novel technology that We really wanted to explore and see what the potential was of it. So, everything from printing other types of human tissue to looking at the pharmaceutical market and and tissue printing for those organ on a chip printing basically for testing of drugs. So those are exploratory efforts, largely R&D efforts to to see how far we can carry the technology and to lock up some IP, for the future, things like that. When sales are start looking really hard at those R&D investments and say, should I rein them back or even even pause them for a while and and let the world kind of kind of stabilize. That's very much the mode we're in right now. So we're picking our priorities again, our organ program is fantastic. The partnership with United Therapeutics, the lung work, there'll be, I think revolutionary things that come out of that in a couple of years. The spinoffs of that technology are going to slow down undoubtedly, and then the other benefit is we can carry some of that technology into our industrial printers, for example, very high precision projection systems has been a real boon for the industrial space and you know things like electrical connectors and other applications. So we're we're exploiting that now, putting some of that technology into our industrial printers. We'll continue doing that. But we're going to focus, Troy, the matri is focus on the markets that you, that you're absolutely certain are are moving in the right direction for 3D for personalized healthcare, winter, it's core core to our being and both the design of surgical procedures, the surgical aids, and the parts, that's great. That's fantastic business for us. We'll continue expanding throughout the body there on the industrial side, I think you'll see us moving from a broad-based supplier for the for all industries to over time to a more focused supplier to the high reliability markets. So aerospace and defense, oil and gas, AI infrastructure is great for us, that kind of stuff. So those clearly benefit from 3D printing a lot and when we've got really good technology synergies with our healthcare business, so you'll see us really focus on certain markets and I tried to say it in the opening script. Our business model is going to migrate over time a little bit. What we're seeing from customers, Troy is a is a demand not only to demonstrate that a car can be made, but to actually then make it in some limited quantities. So we are not going to be a service bureau, but I will tell you, especially in metals, our ability to manufacture limited volumes of parts is going to grow for those high reliability markets on a bespoke basis for certain customers. To actually bridge them because these systems, all in all, are fairly expensive, these metal printing systems, so customers have to watch their CapEx spending. So if you can bridge them to a period where they can either decide, okay, I'm going to buy printers or I'm going to outsource to a contract manufacturer, that's really valuable to them. So in our metals business, where you don't get a lot of the consumable pull updating the model to say, yeah, we'll demonstrate the process with your materials, which are often exotic, and we'll do some limited part manufacturing for you in order to bridge you to a higher volume future. And I think that combination is how we continue to drive gross margins up in the metals business versus the consumables, which have always been a big part of the polymer business. So a long winded answer to your question. I hope again somewhere I addressed it. Troy Jensen Yeah. Thank you, Jeff. And good luck guys this year. Operator Greg Palm, Craig-Hallum. Greg Palm Hey, good morning. Can we just maybe go back to the quarter and spend a couple minutes? I'm still a little confused because you held your Q4 earnings call on on March 27th, so you had just a handful of days left in the quarter and you guided for flash revenues at that point, call it $103 million which means you missed by like 9. I mean, are you able to, break that out? I mean, were you expecting like a $9 million consumable shipment rate at the end of the quarter or what what exactly sort of caused the shortfall? Jeffrey Graves Fair question, Greg. So the two factors, and they both relate to either POs or shipments on the material side, you're right. I mean we were expecting that your magnitude was off, but I mean you were right, we were expecting, as always, there's quarter shipments for materials, particularly in the. In the in the aligner market, there's always plans for shipments at the end. Some of those logistics we don't control and we don't have direct control of. So some of those, we prepare for and in good faith expect, but they can often slip into the new quarter. So there's a bit of materials, part of other, and we have no real visibility in that until the last day of the quarter. It's very, it's often very back and loaded. On the on the equipment side it's a little bit more interesting answer, probably no less, no more satisfying, but on the equipment side, we're penetrating real production environments now, okay, and especially in metal systems or the big polymer systems where the ASPs are higher, a lot of those deals end up happening, those POs will have the finished goods in stock and ready to go, and we're waiting on the PO to be issued. And we saw in Q1, a particular spike in POs that were re-looked at that, I wouldn't say all even pushed out. I would say that's where my comments on customers revisiting how they're spending a broad, I think most every company that has industrial exposure, there is a broad relook at where they want to put factories and where they want to put production capacity. So we felt the brunt of that, people saying, hey, with good intention, we had to prepare this. We're not going to issue the PO right now. And in many cases it just slips into the next quarter, and I think that trend will continue. In some cases it's they they put it back in their pocket and say, I got to re-evaluate where I want capacity, do I want it in the US? Do I want it overseas? Some markets much more predictable, like aerospace and defense, no doubt, a lot of that's headed to the states and verticalizing their supply chain. That's great. And so we love those. Those we saw very little movement on at the end of the quarter. The closer you get to a consumer-driven good or something like that, and the more extended the supply chains, the more they're really looking at where they put their factory it's incredibly frustrating, I would tell you. So and I'm sure it's frustrating for our investors, and it's an embarrassment to miss revenue like that when you're so close to the end of the quarter. But that is the reality right now, which is why we're just saying, look, we're kind of saying, look, the world's going to be volatile this year. We're going to focus on cost. We're going to we're going to get our cost down. Let's assume the world doesn't get any kinder. And let's just get cost out of the business and and kind of right size it for the current demand environment. So, I wish we had been more accurate at the end of the last quarter. I'd like to say it was out of our hands, but it sounds like an excuse. It's the reality of the world we live in right now and frankly, Greg is why we pull guidance because I don't want to put numbers out there that we can't hit. Greg Palm Are you able to quantify what the consumable or material sales were on a year to year basis in Q1? Jeffrey Graves The material sales in 11 in total. Greg Palm Well is that the year-over-year revenue decline, yeah, I mean. Jeffrey Graves Yeah, it was, it, I, I'll be wrong and I'll be wrong a little bit wrong and then, but it's, it was in the higher single digits of millions of millions. I'm not a not a percentage, but, and correct me, Jeff, if I'm wrong there, but it was in the. Jeffrey Creech So materials were actually down 23% period over period and we've spoken to that. Jeff did and I did as well in our comments. We did experience a fair amount of material decline in the period over period comparison, which was propped up in the services and printers area. And again, this gets back to the comments that Jeff made just a moment ago, right, the predictability of these sales in the markets that are becoming increasingly more unpredictable. So, and again back to the dental materials area, continued inventory management that caused those numbers to go down. Jeffrey Graves It's interesting, Greg, and I'll get off this question in a minute, but when you look at the impact of tariffs. It's the bigger impact for us, and I think it's this way for a lot of companies, is not so much in the purchase components that come out of China or elsewhere. It's in logistics costs, where are you shipping stuff on a transitory basis, where are you warehousing things, stuff like that. So the desire to bring inventories down, it is a little counterintuitive. You would think people would lay in more inventory when when there's a risk of tariff ahead. But when you look at the logistics costs and the, the effect of tariffs when you ship to one warehouse and ship to another geography, it can be really significant. So when we talk to our customers about, hey, why would you bring your inventories that a soft economy can do that, but the unknown risk of tariffs, there's a big ripple effect on logistics costs, which companies are really starting to TRY to manage. So to minimize that risk, they start bringing inventory levels down, and I think that was a big part of what we saw even in the aligner market. Some of it was just, it was inventory adjustments, but I think it wasn't all demand related. A lot of it was interim cost related as they ship materials around around the world. So I understand that we go through the same analysis ourselves and it's really maddening. Greg Palm Yeah, understand, in terms of the path to profitability, I guess when these current cost savings programs are completed, do you have a break even right in mind? I think you mentioned profitability at current revenue levels that implies like $95 million, but is that the case again when you're sort of fully completed with the $70 million? Jeffrey Graves Yeah, and it's a rough number, Greg, but we are, our goal right now is we're driving to be profitable at current revenue levels when you when you analyze that as soon as we get all our costs take out finished up and it's all flowing through, but we're just making this macro assessment saying. At the current revenue level, we need to be profitable and generate positive cash flow. So let's adjust our cost structure to get there. We, we've spent a lot of money in the last 3 years refreshing our portfolio and insourcing manufacturing. We're in a great position to do it, so let's focus on it and assume the world stays as it is. If they get tariffs figured out and the world, turns brighter, they'll be just upside from that. So that's our goal and we're we're not laying out a specific, date, but we're what I will tell you is our cost actions we're taking right now our aim to get us there when they're all implemented at the current kind of revenue levels we're seeing, okay? Greg Palm Yes, okay, I will leave it there. Operator Brian Drab, William Blair. Brian Drab Good morning. Thanks for taking my questions. I wanted to just start by asking, what are the options as you view them as you stare down that. Debt maturity 18 months from now. Obviously it's going to be a higher it seems like it's going to be a higher rate environment than you'd like I'm just wondering what are the options as you view them. Jeffrey Graves Well, hey, Brian it's good to hear your voice. It's our current rate is 0, so it's been great debt actually. I mean, I, we went to the market just at the right time a few years ago, so that was that will come to an end and we, we'll do something. Whatever debt we have remaining in it'll be at a higher interest rate. We're looking at all options, Brian. We, we'd love to have the cash to just pay it off, if we, if we, if the world looks tough and we want more cash on the balance sheet, we're looking at options to roll the debt forward. So I'd say everything's on the table. We wanted to wait to get the Geomagic sale done and the cash in the bank, which we've done now we're going through a thoughtful process to say, okay, how do we want the balance sheet to look, how much debt that we want to have left, to your point, it's going to have, it's going to carry some interest rate. And how much of it can we just pay off, how much comfort do we have, that the world's going to get kinder, how much cash we want to have remaining. So those are the variables we're going through, and it's, we're we're marching down the path of assessing those options, reviewing them with the board, and we'll make a decision in the very near future about what we do. Brian Drab Okay. Thanks. And then can you just talk a little bit about the areas where you're going to cut costs with and I'm speaking of the incremental plans and the costs and and how that. You could or you know it it just the concern is that it could affect your growth and and you know and and then it kind of relates to my first question because you need a you need a I think these are probably the two biggest questions that you're thinking about. Jeffrey Graves Yeah, that's Brian, I tell you, that's a, that's an absolutely great question because that's the debate you go through and we have stubbornly held on to our R&D spend particularly for the last 3 years. We've been spending 20% of sales and that it's been very deliberate and our competitors have all cut back. They've all throttled back. And I understand why because current demand is soft, but I really believe, Brian, on the rebound these new systems will sell very well. And I also believe, as I said very clearly, I think for a company to be successful, you're going to have to have polymers and metals, both, and you're going to have to have a range of polymer solutions because they're all good for different things. So I love our portfolio. Unfortunately, it is expensive from an R&D standpoint to maintain it all and we had a big hill to climb 3 years ago in refreshing the whole thing, and we've done it. I mean, it's not all commercialized yet, but it's all past the point of intense spending for development, and you can never stop. But you can throttle back on the on the rates and and just kind of maintain momentum, kind of like riding a bike up a hill. You got to work real hard to get near the summit and then you still got a pedal, but it takes less effort. So you can afford to take some cost out at that point. We're at that point?I'd say the same thing with in-source manufacturing. I think it's it's a strategic advantage for us to be able to make our own products because because the quality control and the mix that customers want. We directly do that now predominantly here in South Carolina and it's it's a great asset for us. So the art of it now is picking what we maintain investments in for growth. And I can tell you very clearly, Brian, healthcare is top of the list. We love that. It's great personalized healthcare, which are implants in the body, is great. The regenerative medicine program. Fortunately we have a great partnership on that that helps, help us bear the cost. That's going to be an incredible business in a few years for us, I believe. In the dental business, as you and your team saw at the lab day show in Chicago, the dental business can be a great one for us. I love it. It's a billion dollar industry in the US and we're well positioned for it. Those are, those all make the the industrial side, aerospace and defense is something we're focused more and more on. We get a lot of requests now for parts for the navy and for the flying Air Force that for a range of purposes. Some are lightweight, high temperature materials, some are for corrosion resistance. Lead times on these exotic system parts are outrageous through traditional means. We had a, we've told the story a fair bit now, but one of the submarines in the in the US fleet, we were able to turn parts around in days with a very exotic alloy that goes on a submarine. We were able to turn them around in days and their lead time through traditional methods was over a year. So getting that out of dry dock and back to sea, those kind of benefits are real. They're they're extremely valuable. We're going to do more of that. So our metal printers have been designed for going to do more of it and we're going to expand some part manufacturing to bridge customers until they buy systems because what we've been seeing, Brian, is people say, yeah, I love that. I love the process. It'll take me a while to get my capital request through so you see a loss of months and months in a purchase order, but they still need parts. So we're able to go into limited production. We are not going to be a service bureau, okay. But when we've helped the customer develop a process, we're going to offer to make parts for them in certain cases up to a certain point where they can either buy a printer or they can move it to a contrary manufacturer they choose, so we'll help them with that. That's our business model, especially in we'll do an aerospace and defense. We're already doing it in AI infrastructure for data centers. We'll do it in oil and gas. And our JV in Saudi Arabia is great for that, it gives us great insights into the oil and gas industry, and we're using that combined with our relationship with Baker Hughes and others to really drive penetration in those markets, those high reliability markets. What we are, we will always, continue to provide to our service bureaus and And other more consumer driven applications as needed, but more and more it'll be a bespoke industry for us in those high reliability markets where we are so good, we'll leverage what we've done in healthcare into the industrial space. So again, apologize for the long-winded explanation, but you asked a very good question about focus and I&I hope I've answered it in that in that little speech I gave you. Brian Drab Okay. Sorry, I did mute because I'm outside and it's noisy so I that that was all very helpful. I just think in the modeling it would help us if you could. To give us any sense for, costs, and I don't know if you said this, but cost coming out of SGNA and the incremental, plan or cost coming out of cost of goods, and you that was a good description of the growth opportunities, but I'm really trying and I know it's sensitive to talk about. You know where where cuts are going to happen, but I'm concerned like are you going to be able to maintain the reseller channel, the marketing, the sales and everything to drive growth and how do you strike that balance, but I'll, we can discuss later too but any any more comments on that would be helpful but I'll I'll pass it on and. Jeffrey Graves And it's going to be a fairly a fairly evenly split between between cost of goods and OpEx, Brian, so and the devils in the details there as you pointed out, so we'll come back to that in the future with you, okay. Brian Drab Sounds good, yeah, thank you very much. Thanks. Operator Alex Valero, Loop Capital Markets. Alek Valero Hey guys, thank you for taking my question. This is Alek, on for Ananda. So you mentioned AI infrastructure. Can you elaborate what areas you are currently involved in and can you provide any color on any potential future AI infrastructure areas where you think that you can play a meaningful role? Jeffrey Graves Yeah, so there's 2 areas you can think of for AI infrastructure, actually 31 of them is in making chips. Okay, so the semiconductor equipment manufacturers, so the folks that make the equipment to print the chips, they're involved in that very expensive machinery and for for a very good reason, the precision in making a chip, it has to be extremely high and the machine has to be extremely stable. And so one of the attributes of it is getting heat out of it and to make sure it's thermally stable, okay, extremely and obviously structurally stable. So we can make basically collections of of of components that are normally bols that are welded together. We can make them in single printings. We can also make hollow structures that allow heat to be removed very quickly from from the from the platform where the chips printed in the end we can make very stable platforms to print chips on and with fewer part counts so you get some cost out, you get higher performance. It's perfect for 3D printing. We've been at that for for several years to work our way in, and it now's the time. So I love that business. It's hard to work your way in and we're there on the chip making side. The interesting second area that's opening up right now is as people are building these massive data centers, getting heat out of them is a huge challenge because of the electronics. Getting heat out is an enormous challenge. We can print pure copper or high purity copper with some strengthening agents in order to with exotic shapes to get heat out of the data center more effectively. Very simply, so whether it's a GPU or the entire data center, we can get heat out much more effectively. So you'll see copper printing primarily for that as a growth area for us in the future. And then you've got the whole electricity supply question from people like General Electric and others that are having to put in capacity to supply the massive amounts of energy needed by data centers.3D printing has a key role to play in in in those machines, those turbines, whether it's for turbine blades or other other infrastructure in the turbine that has to be cooled. 3D printing has been there for some time and will continue to grow. So there's 3 areas in AI infrastructure we're very excited about chips, data centers, and energy production. Alek Valero Really helpful. Just a quick follow-up, just, kind of on a similar note, removing the impact of macro, what areas would you identify as being the greatest op opportunity for you at the moment? Jeffrey Graves Well, the most stable areas are the are the most predictive. It's the best to be in right now. Aerospace and defense is great, okay, and we've historically had a smaller presence there. Metals for us has been instrumental in getting into that business in a in a bigger way, and it'll be an investment area for growth for us because we are a US company. We have our full capability here in the states as we want to exercise it for the US Defense Department and also have facilities in Europe for the European aerospace business as well up in Belgium, so we have great capability locally to handle sensitive data, to manufacture parts, develop processes, and ultimately to sell printers. So aerospace defense is a big area again, AI infrastructure tends to be a very regional business when it comes to data centers and energy production. So I like that area very much. It's good. Oil and gas, clearly oil and gas needs are going to go on for decades to made a lot of inroads there, so those industries aren't as affected by tariffs, and we like them very much and the same would apply to our polymer systems in those same industries. The more the closer you get to the consumer, the more extended you get on supply chains, those are less exciting right now because of the tariff volatility. We just have to see where people want to put capital. Once they make those decisions, it can be great markets. In the short term, many customers are pausing or reducing their cap expend, waiting to see where all this discussion goes in the world. Alek Valero Okay. That was really helpful. Thank you. Operator Thank you. We have reached the end of our question-and-answer session. I would now like to turn the floor back over to Jeff Graves for any closing comments. Jeffrey Graves I just want to thank you all for participating in the call today. We look forward to updating you once again at the close of the second quarter. Thanks, operator, and that'll be the end. Operator Thank you. This does conclude today's teleconference. We appreciate your participation. You may disconnect your lines at this time. Enjoy the rest of your day. Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
Why 3D Systems Stock Plunged After Earnings
3D Systems missed on sales and earnings last night. Quarterly losses more than doubled year over year. 3D also withdrew earnings guidance for the rest of this year. 10 stocks we like better than 3D Systems › 3D Systems (NYSE: DDD) stock fell off a cliff today, down 25.3% through 12:10 p.m. ET after missing earnings and retracting its 2025 guidance last night. Heading into the report, analysts already weren't optimistic, expecting the 3D printing company to report a $0.14 loss on $99.5 million in Q1 sales -- but the news was even worse. 3D Systems actually lost $0.21 per share, adjusted for one-time items, and its sales were only $95 million. And in fact, this was the good news. The bad news is that sales declined 8% year over year, and the loss 3D reported -- already worse than expected -- was even bigger when calculated according to generally accepted accounting principles (GAAP). 3D's GAAP loss for the quarter was $0.28 per share, more than twice its losses of one year ago. Management blamed "a decline in materials sales driven primarily by inventory management in the dental aligner market" for the shortfall, but reminded investors it is working hard to cut $50 million in annual costs to right the financial ship. 3D says these cost cuts should be fully in place by mid-2026, and announced further cuts that will save another $20 million as early as this year. Will these costs be enough? It's hard to say -- and 3D isn't saying. Management withdrew full-year guidance and warned of potential "protracted weakness in customer capex spending." 3D is still hoping to reach "profitability and the positive cash performance" eventually. For the time being, though, the company is losing money at the rate of more than $275 million a year, and burning nearly $69 million in cash annually. I really can't recommend buying 3D stock until this changes. Before you buy stock in 3D Systems, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and 3D Systems wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $598,613!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $753,878!* Now, it's worth noting Stock Advisor's total average return is 922% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy. Why 3D Systems Stock Plunged After Earnings was originally published by The Motley Fool
