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2022-05-10 00:00:00 UTC
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3D Systems (DDD) Q1 2022 Earnings Call Transcript
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DDD
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https://www.nasdaq.com/articles/3d-systems-ddd-q1-2022-earnings-call-transcript
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Image source: The Motley Fool.
3D Systems (NYSE: DDD)
Q1 2022 Earnings Call
May 10, 2022, 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the 3D Systems conference call and audio webcast to discuss the results of the first quarter of 2022. My name is Kevin and I will facilitate the audio portion of today's interactive broadcast. [Operator instructions]. As a reminder, this conference is being recorded.
It's now my pleasure to turn the call over to Melanie Solomon, investor relations. Please go ahead.
Melanie Solomon -- Investor Relations
Thank you, Kevin. Good morning, and welcome to 3D Systems conference call. With me on the call are Dr. Jeffrey Graves, our president and chief executive officer, Jagtar Narula, executive vice president and chief financial officer, and Andrew Johnson, executive vice president and chief legal officer.
The 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 website. For those who have accessed the streaming portion of the webcast, please be aware that there may be a few seconds' delay and that you will not be able to post questions via the web. The 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.
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Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in last night's press release and our filings with the SEC, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q. During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our investor relations website, you will find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures with comparable GAAP measures.
Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2021. Now, I'm pleased to turn the call over to Jeff Graves, our CEO. Jeff?
Jeff Graves -- Chief Executive Officer
Thanks, Melanie, and good morning, everyone. As you all know the begin of 2022 has already thrown significant challenges at the entire market. No matter what portion of the economy you serve, whether it be continued supply chain pressures, significant rise in the rate of inflation, the ongoing impact of the pandemic or the tragic circumstances that we've seen unfold with the Russian invasion of Ukraine. The operating environment has been difficult and largely unpredictable.
With that said, I'm very proud of how our 3D Systems team has continued to stay focused and executing well for our customers throughout this period. Ironically, in the longer term, these same factors that make our life more difficult today are increasing our opportunities for growth in the future. As our customers continue to reevaluate their critical supply chain strategy and increasingly consider additive manufacturing as a key element in the production strategy of the future. As we've discussed on previous calls.
After two years of hard work, we're now fully organized into our two core business units, healthcare and industrial solutions. This structure distinguishes us from others in the industry, allowing us to execute on what we do best, namely solving the most valuable production application needs of our customers by offering the strongest and most complete portfolio of additive manufacturing technologies brought together with the most knowledgeable and creative application engineering teams in the industry. The double-digit growth in our core additive manufacturing business that we're now experiencing, even in this difficult market validates our approach, and it gives us confidence in our future. To meet the increasing demand that we're now facing, we're making key investments in new products and in our operating infrastructure, combining rigorous financial discipline with an overlay of strategic perspective on future value creation for all of our stakeholders.
Despite the challenging macro backdrop, I'm happy to say that 3D Systems has started off the year on a strong foot, and we expect 2022 to be a year of exciting growth and investment. As we continue to strengthen the company for the future. I'll keep my comments brief today. As we have our Investor Day next week, where we plan to share more detail on our vision and strategy for the future.
Today, I'll share with you a few key highlights from the first quarter. On the top line, while supply chain challenges were a significant headwind. We delivered double-digit revenue growth over Q1 of last year, when adjusted for divestitures. We continue to see increased demand for our products across both businesses segment.
At a business unit level, our industrial solutions business continue to accelerate in both Europe and the U.S., in this case, delivering growth of over 15% excluding divestitures of non-core assets. This continued strengthening validates our observation of increased adoption of additive solutions among the world's manufacturing community, particularly strong with the demand for high precision micro castings. This is a reflection not only of the printing technology itself, but the unique materials we've developed that enable casting of highly complex fine structures and a deep understanding of the workflow for optimum economics for these solutions. Health care growth of approximately 5%, excluding divestitures, was softer than we would have initially anticipated when we started the year, being driven in part by the introduction of our new DMP 350 Dual, a high-productivity version of our well-proven metal printer, the DMP 350, which has been a mainstay for many of our healthcare customers in recent years.
These customers are now qualifying the new dual laser system and updating their procurement plans to optimize their production workflow, which in healthcare takes careful planning and formal approvals. These acceptance qualifications are proceeding very well, and we expect increasing sales of both our 350 platforms later this year. In addition, COVID resurgence in the resulting postponement of optional elective procedures are particularly impactful in healthcare as certain customers delayed capital purchases and experienced lower-than-anticipated growth rates. Given the underlying fundamentals and customer feedback on market conditions, we expect these factors to lessen as we move through the year.
To support the strong engagement and demand that we're seeing from our customers broadly, we're continuing to invest in both our product portfolio and core technologies, as well as, in our business infrastructure, including information technology, finance and accounting, investments that will enable us to efficiently scale for double-digit growth that we see ahead. The fruits of these investments will become increasingly apparent as we move through the year. But even in the first quarter, we announced several new opportunities that we're really excited about for the future. First was our investment in a unique company called Enhatch, which brings to us another unique software solution for use in our healthcare business that will further strengthen our core capabilities.
More specifically, this software solution is directed at the personalized healthcare solutions market, for which we have a long-established market-leading position. In short, through the use of artificial intelligence, the enhanced software streamlines and scales the design and delivery of patient-specific medical devices by automating the planning and design process. These efficiency increases will further the growth of personalized healthcare solutions, improving patient outcomes, and reducing treatment costs for hospital systems. In addition, in the first quarter, we announced our joint venture with Dussur, the Saudi Arabian Industrial Investments Company.
This venture is designed to bring additive manufacturing into the Middle East and North Africa by enabling domestic production capabilities within Saudi Arabia. We believe this investment will accelerate the adoption of production scale additive manufacturing, particularly in the oil and gas sector, utilizing our leading polymer and metal technologies and then expand to additional market sectors over time, such as industrial, aerospace, and healthcare. The partnership highlights the increasing focus of additive manufacturing by large global organizations and our opportunity in important and largely untapped market verticals such as oil and gas. This new venture is expected to begin ramping in scale in the fourth quarter of this year.
And finally, this past quarter, we announced a very exciting new product platform, the world's first synchronous dual-laser SLA printer. It delivers up to twice the speed and three times the throughput for cost-efficient, high-quality production manufacturing. This market-leading platform reinforces the strong position we've had for decades in stereolithography, in this case, addressing the unique requirements of production applications, while leveraging our portfolio of advanced polymeric materials and our software capability. We've begun taking orders for this new printer and are seeing strong demand in both healthcare and industrial markets.
Specific to our healthcare business, I'm very pleased by the recent 510k clearance from the FDA for our VSP Bolus, a solution designed for improved radiotherapy treatments. Approximately 50% of patients that are diagnosed with cancer receive radiotherapy as a part of their treatment plan. With this translates to millions of procedures worldwide each year. To help target the radiation on the desired location during a treatment, the radiotherapy provider often uses a bolus, which is a flexible material that's meant to conform to a patient's anatomy.
A poorly constructed or off-the-shelf bolus can often leave large gaps between the device and the patient's skin, which can result in insufficient or unintended dosing levels may also expose adjacent anatomy to undesired radiation. With our VSP bolus solution, 3D Systems can design and deliver boluses that are customized to a patient's specific anatomy and treatment plan, improving the effectiveness of the radiation treatment and the productivity of the treatment center. This mass customization of printed devices for healthcare addresses both patient outcomes and provider costs, which is the fundamental goal for all of our healthcare solutions. We've begun marketing the bolus solutions with key customers and expect to see solid demand for this family of products in the future.
This is one example of a broad trend in healthcare toward mass customization enabled through 3D printing of patient-specific solutions. This is the key growth driver for our healthcare business across all of our end markets. In addition to the 510k for our new bolus product, within days of closing our acquisition of Kumovis at the end of the quarter, we were able to apply to the FDA for 510k clearance on the use of printed peak polymers for craniomaxillofacial reconstruction indications. We expect this solution will be the first FDA-cleared 3D-printed peak medical device.
Kumovis brings this advanced polymer technology to our healthcare business, which will serve as a complement to our existing titanium implant solutions, allowing surgeons to optimize individual patient treatment plans. Customer interest in these solutions is very strong and following FDA clearance, which we expect later this year, we believe adding the Kumovis product line will further solidify 3D Systems as a leader in 3D printed craniomaxillofacial and orthopedic implants over the full range of metal and polymer grade solutions. Once these initial indications are approved by the FDA, others will undoubtedly follow driving exciting growth in the years ahead for our orthopedics business. So to quickly summarize, well the first quarter is typically a seasonally slower quarter for us, it was clearly impacted by the significant headwinds I mentioned previously.
We were still able to deliver solid double-digit revenue growth versus last year, again, when adjusted for divestitures. Looking ahead, we expect the remaining quarters to be even stronger following a pattern similar to the seasonality we experienced last year. Supply chain costs and inflation levels remain elevated and have clearly impacted our results. However, we're taking continued steps to mitigate their effects, which Jagtar will speak to in a few moments.
In total, we're reasonably pleased with the first quarter results, especially given the macroeconomic conditions and ongoing geopolitical events, which we hope will abate as we move through the year. Importantly, our results show that demand for additive manufacturing and production environments is resilient and continues to grow. Even in these current less-than-ideal conditions, industries are recognizing that the benefits of additive manufacturing can help protect them from the risks such as supply chain disruptions and skyrocketing costs. With that, let me turn the call over to Jagtar, who will now describe our first quarter financial results in more detail.
Jagtar?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Jeff. Good morning, everyone. Echoing Jeff, we've started off 2022 with good revenue momentum. Given the macro headwinds, I'm especially proud of our team's execution, which has once again delivered solid top line results.
I'll begin the discussion with first quarter numbers, starting with revenue. Revenue for the first quarter was $133 million, a decrease of 9% compared to the prior year. This decrease was due to the divestitures of noncore businesses. When adjusted for those divestitures, first quarter revenue increased 10% as compared to the first quarter of 2021.
The continued growth validates the transformation efforts we have guided the company through and demonstrates our ability to deliver results in a challenging environment. Our focus on providing additive manufacturing solutions for industrial and healthcare customers, utilizing our broad portfolio of hardware, materials, and software solutions combined with applications expertise is continuing to deliver consistent double-digit revenue growth when adjusted for divestitures. In the first quarter, we had GAAP loss per share of $0.21, compared to a GAAP earnings per share of $0.36 in the first quarter of 2021. The decrease was primarily due to the gains recognized on businesses divested in 2021.
We reported non-GAAP loss per share of $0.06, compared to non-GAAP earnings per share of $0.17 in the first quarter of 2021. The year-over-year decrease was primarily a result of the divestiture of profitable but noncore businesses in 2021, combined with higher spend on core investments in our business, including software, new printer development, and our essential general and administrative infrastructure to support future growth. In addition, we saw onetime impacts that reflect the challenging business and geopolitical environment, including negative impact from bad debt associated with our decision to exit business in Russia and an impact of FX as the dollar strengthened against other currencies, primarily the euro. Combined, the FX and Russian-related bad debt had approximately a $0.025 impact to earnings per share.
Next, let me discuss revenue by market. Our revenue growth continues to be driven by strong demand in both the healthcare and industrial segments. Adjusted for divestitures, revenue in the first quarter for healthcare increased 4.6% and industrial increased by 15.7% as compared to the first quarter last year. The rebound in industrial began in Q4 of 2020 and continued through 2021 and into the first quarter of 2022, making the fifth consecutive quarter of year-over-year organic growth in the industrial segment.
This highlights the strength and opportunities in our industrial segment and is a direct result of the strategic investments we have made. An example is our acquisition of Titan Robotics, which closed subsequent to Q1. With this acquisition, we have entered the market for large-format 3D printing systems using pellet-based extrusion. We believe our strong portfolio, including the new printers from Titan Robotics, offers ample opportunity for our industrial business to continue growth.
Now turning to healthcare, our healthcare segment growth ex-divestitures, continued in the first quarter, although at a slower pace than we would have initially anticipated, as Jeff mentioned. In particular, revenue in our non-dental segment of healthcare, which we call medical devices declined approximately 12% year over year. This decline partially as a result of supply chain impacts for our manufacturing operations that produce end-use medical devices, customer purchase delays due to Q1 COVID resurgence that Jeff spoke about earlier, and also partially as a result of device manufacturers, delaying printer purchases to qualify our new Flex and Factory 350 dual laser printers. We believe these new printers will provide strong productivity enhancements to our healthcare customers.
As a result, ones customer qualification is complete we expect robust demand for these new products. Now we turn to gross profit margin. Gross profit margin for the first quarter was 40.4% compared to 44% in the prior year. Non-GAAP gross profit margin was 40.6%, compared to 44% in the prior year.
Gross profit margin decreased due to multiple factors, including divestitures and related Q1 product mix and inflationary pressures, particularly in freight costs. We expect gross margins to improve as we move through the year as production volumes and mix improves combined with the impact of recently announced price increases across multiple product lines. GAAP operating expenses increased 16.4% to $77 million in the first quarter of 2022 compared to the same period a year ago. On a non-GAAP basis, operating expenses were $57.8 million, a 13% increase from the same period a year ago.
The higher non-GAAP operating expenses reflect the impact of divestitures, offset by higher spending in targeted areas to support future growth, including research and development and general and administrative infrastructure, as well as, expenses incurred by acquired companies and the previously mentioned bad debt expense associated with our exit from Russia. Adjusted EBITDA, defined as non-GAAP operating profit plus depreciation was $1.9 million in the first quarter of 2022 or 1.4% of revenue, compared to $19.8 million in the first quarter of 2021 or 13.6% of revenue. The year-over-year decline in margin was primarily due to continued focus on investing in growth areas of our business and product portfolio, combined with the impact of divestitures. Now, let's turn to the balance sheet.
We ended the quarter with $745.6 million of cash and short-term investments on hand. Our cash and short-term investments declined approximately $44 million since the end of Q4, 2021, primarily as a result of our operating loss, higher inventory levels, advanced tax payments, our investment in Enhatch, and cash payments related to net share settlements on stock-based compensation. Subsequent to quarter end, we closed on our previously announced acquisitions of Titan Robotics and Kumovis for approximately $80 million in cash, net of customary closing adjustments. The acquisitions were funded with cash in our balance sheet.
We continue to have a very strong balance sheet with ample cash to fund organic growth opportunities and potential acquisitions. We believe investments both organically and through acquisitions support our strategy of driving recurring revenue growth and higher adoption of additive manufacturing in both the industrial and healthcare segments. Beginning last year, we provided guidance on full year non-GAAP gross profit margins. And for 2022, we have expanded our guidance to include revenue and non-GAAP operating expenses.
We are narrowing our full year guidance to reflect our performance in the first quarter and expectations for the full year. Given our strong demand outlook, we now expect revenue to be within a range of 580 and $625 million, a tightening of the range that we have reiterated a few weeks ago. We are narrowing our non-GAAP gross margin guidance to a range of 40 to 43% and our planned investment profile leads us to believe that non-GAAP operating expenses will now be between 235 and $250 million. This 2022 guidance assumes no additional significant macroeconomic events that negatively impact our business, such as COVID-19, geopolitical events or other factors that could impact either demand or disrupt our supply chain.
I'll now turn it back to Jeff to comment on our upcoming Investor Day before we take your questions. Jeff?
Jeff Graves -- Chief Executive Officer
Thanks, Jagtar. And before I do that, I want to thank you for your dedication and leadership and your time with us here at 3D Systems Jagtar. As we've executed on the transformational plan to refocus our business portfolio on additive manufacturing, driving improved growth, and operating performance while significantly strengthening our balance sheet. Your contribution and leadership has been greatly appreciated by me and the entire 3D Systems organization, and we wish you very well in your new role.
Finally, we're thrilled to be within one week of our Investor Day event. We look forward to sharing more about our company vision and our plans for the future. The event will be held on Monday, May 16th, in Detroit prior to the opening of the Rapid plus TCT trade show, a leading additive manufacturing conference. We'll begin with lunch and spend the afternoon discussing both our healthcare and industrial solutions business including more detailed presentations on key technology elements of our business and applications that are driving our growth.
On Monday evening, we'll provide dinner and a very special presentation on our regenerative medicine efforts, which I think you will find fascinating. We're excited about that this will be an in-person event and look forward to having many of you there to hear from our executive team and see our products in the days to follow a Rapid, including the new SLA 750, as well as, our extrusion printers from Titan and Kumovis. Seats are filling fast, but there's still time for registration at the event. Please contact our investor relations folks for more information.
And with that, Kevin will open it up for questions.
Questions & Answers:
Operator
Thank you, Sir. We'll now be conducting a question-and-answer session. [Operator instructions]. Our first question today is coming from Greg Palm from Craig-Hallum Group.
Your line is now live.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Thanks. Good morning, everybody.
Jeff Graves -- Chief Executive Officer
Good morning, Greg.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
I want to start with the revenue guidance. It's still a pretty large range here. So maybe help us understand some of the assumptions that are still kind of baked into that? And more importantly, what are the, call it, levers that gets you either into the high end or lower end of the range at this point?
Jeff Graves -- Chief Executive Officer
Yes, Greg, it's a pretty simple story right now. We've got more demand than we can fill given the supply chain issues that we face. So it's really our best estimate of -- we anticipate being -- continue to be supply chain limited in hitting revenue. So it's our best guess at how that looks for the rest of the year.
Given the strength of demand, we were happy to tighten it up a bit and it slightly raise the midpoint. The only reason we have the breadth of range we have right now, Greg, is supply chain issues that we can't fully quantify. We left significant revenue on the table again this quarter. It's very similar to Q4 of last year which is disappointing to us and to our customers.
And we're hopeful that drops off. That would take us to the top end of our range and that -- just the easing -- general easing of supply chain. Jagtar, do you have anything else to add.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
No. I think you captured well. It's primarily just looking at supply chain, Greg. I'll mention we left about 7 million to $8 million of revenue on the table this quarter.
Have we gotten that revenue, we would have been -- we would have had 16, 17% growth year over year adjusted for divestitures. So the supply chain constraints are frustrating. Our teams are working heroic efforts to work through it. And as we see improvements there, we'll hopefully move up to the higher end of the guidance range.
Greg, what's really exciting is to see the breadth of interest in additive manufacturing for production environments. It's -- I'm sure it's true for the entire industry, certainly very true for us given our breadth of technology but customers are really aggressively looking at how they could use additive. Some will adopt some may not. But in general, the opportunities are out there to drive some real exciting growth.
It's frustrating to be limited by supply chain. I'd much rather have that condition than the opposite. And I see no end in sight from a demand standpoint right now, looks very positive.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Yes, it's good. I mean, maybe digging into the supply chain discussion a little bit further. Is your sense that there are new customers that are looking at this technology as a way to either onshore or transform supply chains? I mean, that's certainly something that everybody seems to be talking about, but maybe give us a few examples if you can about what you're seeing exactly?
Jeff Graves -- Chief Executive Officer
Customers are very sensitive about for a variety of reasons about what they want to onshore. But in general, Greg, I can tell you, it's absolutely true. There is no doubt about it, and it's broad-based. And it's just exactly like our company is looking at our supply chain.
How do we lessen the risks of supply disruptions? How do we bring closer to home and how do we save money? And our customers are doing exactly the same thing. They're looking at -- in the older days, it was performance-driven for parts. You make a part with additive, it will perform better in the system. The big driver now is on top of that is derisking the supply chain and reducing cost.
And the reason that we've made the investments we have, particularly in software in the last 12 months is the rate limiting step we really believe, given the pace of the printer technology is moving at, the rate-limiting step is going to be much more in the field of materials and then software for bringing the products -- the fleets of printers into the factory. So from our customer standpoint, I think we're talking a lot about how they bring fleets in efficiently. And then obviously, we're providing as many new materials as we can for printing, because that's what customers want to have. And so great demand.
The technology in printers is moving forward, as it always has, very quickly, and we're qualifying multiple suppliers on all key components to make sure we can meet the demand we see. But what you see from a demand standpoint, Greg, is exactly what you'd read in the newspaper. It is -- every industrial company, I would guess, in the world, especially in U.S. and Europe is looking at how they derisk and bring their supply chain closer to home, but do it in a cost-effective manner.
The automated systems, AI applied to fleets, all of that in order to minimize the labor content. And obviously, labor costs are up -- so they've got to not only bring production in-house closer to home. They've got to drive it down, drive it down in cost by automation, which again gets back to software. So long-winded answer to your question, I hope the color is helpful.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Yes. Very much so. Appreciate that, and, Jagtar, [Inaudible] going forward. Enjoyed working with you here.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Greg.
Operator
Thank you. Our next question is coming from Brian Drab from William Blair. Your line is now live.
Brian Drab -- William Blair and Company -- Analyst
Good morning. Just echoing Greg's comment there. Jagtar, best of luck and it was good working with you.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Brian.
Brian Drab -- William Blair and Company -- Analyst
Yes. So there's been slowdown in volume at your largest customer. You had a record year, I think dental was up like 90% -- dental revenue for you is up like 90% in 2021. And I don't know if you said today, but we're backing into somewhere in the 20% range for the first quarter, and growth in dental revenue.
And I'm just wondering, are there any adjustments you're having to make in terms of costs or production given the volumes there in -- for a dental aligners that have declined materially.
Jeff Graves -- Chief Executive Officer
Maybe I'll comment and then Jagtar can supplement as well here, Brian. Very good question. No, I would say, Brian, the demand is still very strong. It's unfortunate that things in the world have become more difficult for dental in general.
I mean, things that are viewed as optional procedures. It's unfortunate that it's become a more difficult environment. But in terms of demand and demand outlook and things, it may shift a little bit over time, but it's not led to any significant changes on our part in terms of supply of product to our customers or how we're managing our supply chain. We want to make sure we're not holding them back in growth.
And their numbers may fluctuate a little bit, but they take a long-term view and invest for the future, given what they've said publicly about their market share penetration and things, their growth prospects look tremendous for years and years to come. So no, no real changes to us. There may be fluctuations quarter to quarter, but nothing significant. It's -- we run on a pretty long-term game plan with all customers of that scale.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
I'll reiterate what Jeff said. I mean, I think our customers in that market still see themselves as lightly penetrated into a big opportunity. And while they may see short-term impacts in '22, I think their stance with us is really much more focused on the long-term potential of that market and making sure they have the infrastructure to support it. And as we reiterated -- or we indicated in Greg's question, our guidance range reflects supply chain more than it does our perceptions of customer demand, and that would include the dental segment.
Brian Drab -- William Blair and Company -- Analyst
OK. So just one follow-up question on that topic. So you're not seeing in 2022. And, I guess, your guidance reflects this, any material decline in the -- in your customer spending or capex spending on the type of equipment that you sell?
Jeff Graves -- Chief Executive Officer
Yes, I want to be careful, Greg, to not -- not talking about information -- I'm sorry, Brian, I'm sorry. I want to make sure not to talk about sense of information to them. But I would tell you, in general, our guidance fully bakes in input from -- and obviously, that customer and all others. So we feel really good about our revenue profile this year.
There'll be individual fluctuations. But by and large, it's great to have a customer that takes a long-term view and appreciates that they needed to keep their suppliers moving along, and we're very, very happy with the relationship.
Brian Drab -- William Blair and Company -- Analyst
OK. Got it. And then just last question. Where do you think gross margin? You said it should have improved throughout the year.
Where do you think the gross margin can get to as you're exiting '22, what would be the goal? Thanks.
Jeff Graves -- Chief Executive Officer
Well, I think we mentioned in the script -- Jagtar, you correct me if I'm wrong, I think we see it rising throughout the year. The lower -- it was lower in Q1 than we would have anticipated, primarily for cost reasons with the supply chain, both labor and materials for cost reasons. Now, we're driving pricing. We see volumes continuing to rise.
So we should get some economics back. But -- so I would expect it to rise throughout the year, Brian. But I think it's -- it became less realistic to say we had a shot at the very top end of the prior range. So we brought it down a point.
And now, that could flip, the supply chain thing is God knows when it's going to clear, it could clear suddenly, things could happen. But I think we always want to be pretty realistic with you guys. So bringing that top end down a point was important to us. And if we -- we will hope to revise that every quarter going forward and give you our best view.
Jagtar, anything else?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes. Brian, we obviously give guidance for the year. We don't give guidance for where we think we'll exit the year. What I'll say is, there's various moving parts that feed into gross margin.
And so, the puts and takes of it is kind of what leads to our guidance range. If I look at Q1, we saw parts costs a little higher than we anticipated, and we saw freight costs higher than we anticipated. Both of those combined probably impacted gross margins by about two points. We've, as a result, implemented price increases that went into effect in Q2 to help solve that.
We're continuing to look for the year to see if we should expect further increases and be prepared to respond accordingly. We also have the impact of production volumes. You saw what our tremendous production volumes did in Q4 to our gross margins. As we go through the year, we obviously expect revenue Q1 is our seasonally late quarter, so we expect production volumes to increase and therefore, help on the margin side.
And we expect changes in mix, as well as, we sell more software and materials. So all of those are kind of the ups and downs of gross margins, which was why we don't provide an exit guidance, we provide more of annual guidance based on where we're assuming around those ups and downs.
Brian Drab -- William Blair and Company -- Analyst
Yes. Understood. Thank you for your help.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Brian.
Operator
[Operator instructions]. Our next question is coming from Wamsi Mohan from Bank of America. Your line is now live.
Unknown speaker
Thanks for taking the question. This is John on behalf of Wamsi. I just want to talk about the guidance for opex. So it seems like it slightly went up at midpoint.
Just wondering how should we expect this -- the opex to ramp throughout the year? And where is the incremental opex being invested into?
Jeff Graves -- Chief Executive Officer
Well, I'll let Jagtar speak to the ramp, because I'm not -- it may be more of a steady-state spend, but I'll let Jagtar speak to the ramp. The increased spend is being driven by a couple of factors. And it gets down fundamentally to we see great demand going forward for additive. We want to make sure that we have the product technologies that folks need in both metal and polymer and particularly materials and software.
So we continue to spend heavily on R&D. And we've got to make sure our infrastructure is -- has the robustness we need for sustain double-digit growth as we really believe going forward with the demand profile we see, we're going to be able to deliver -- we have the capability to deliver double-digit organic growth for several years here to come, and there's a certain scale of infrastructure you need to do that. So we're investing in, as we mentioned, IT, finance, all the automation, all the basic foundational infrastructure you need to be at our scale and grow at double-digits. So that's where you see the increased spending level this year driven by.
And, Jagtar, in terms of ramp?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes, John, we don't expect a significant ramp over the balance of the year. We -- part of the increase is the acquisitions of Titan, Kumovis, those are now fully on board in Q2. We don't expect any further ramp in them. And then outside of Titan and Kumovis, we've baked spending plans for the product development things and the infrastructure things that Jeff had talked about.
And that's partially the result of the range, because we've begun that spend. But to the extent we don't hit the spend in Q2, that doesn't necessarily get pushed to Q3 or Q4. So we're really expecting it kind of flat over the three quarters.
Unknown speaker
OK. Got it. Thank you. And if I may, for a quick follow-up.
You referenced the supply chain issues. I mean, I'm just wondering what specific areas are you seeing the most impact? Is it the sourcing, the freight like logistic cost, etc.? Thank you.
Jeff Graves -- Chief Executive Officer
Yes. Freight is an ongoing issue, and it's driven, I'm sure by freight utilization in general and then obviously fuel. The componentry, John, I'll tell you, I cannot give you an answer. It changes by the day.
It's -- I think everybody is around the world is hand-to-mouth and a lot of componentry. So truly, I heard somebody call yesterday on one of the news networks, Whack-A-Mole, it truly is. So we've -- we're deploying excessive resources, if you will, on supply chain, working with our suppliers, qualifying new suppliers, just making sure we can meet the demand that's out there. So it is a challenge.
And embedded in that our labor costs across the board from components to freight costs, things like that, that have an embedded labor content as well. So it's a challenging environment. And I'd just remind myself on the worst stage that we see, I'd rather have this problem and a lack of demand, but it is a true challenge right now, I think, for all companies.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes. John, I'll just add, as Jeff said, it's component sourcing, component costs freight, we were up roughly $1 million year over year in freight costs. Part of that is higher freight rates, but part of it is also because of slower shipping times at sea. We've had to air ship more.
We do expect, hopefully, that piece will improve as we go through the year, because we're now adjusting our model to plan for a longer shipping times, and so moving back more to see shipment, which will help our freight costs. It means higher -- slightly higher inventory levels, but we're adjusting and reacting as quickly as we could.
Jeff Graves -- Chief Executive Officer
John, it's amazing. -- machines are made up of hundreds or thousands of components. And you -- in normal times, you don't think about that. But in supply chain constrained times, it's -- you can be hamstrung by anything in the machine that can cause you to not ship it.
So it's truly an education process every day, I think, for leadership teams at all industrial companies right now to look around. And it is what I believe is really fundamentally driving the demand for additive manufacturing is people don't want to be left short on a component that they didn't even really realize was at risk of being in short supply. So they look at additive, it opens the door for additive. And then as you bring it in and you look at the economics, you say, maybe I should make more and more things with this process.
So it's really on the one side, it's giving us a lot of growth opportunity, and that's tremendous. And that will not go backwards. That's truly once they've got this in place, it's exciting, they want to grow it. But it is an ongoing challenge in terms of delivering to demand.
So it's two sides of the same coin.
Unknown speaker
OK. Great. Thank you so much.
Jeff Graves -- Chief Executive Officer
Thanks, John.
Operator
Thank you. Next question today is coming from Troy Jensen from Lake Street Capital. Your line is now live.
Troy Jensen -- Lake Street Capital Markets -- Analyst
Gentlemen, congrats on your results and [Inaudible].
Jeff Graves -- Chief Executive Officer
Thank you, Troy. Good to hear your voice.
Troy Jensen -- Lake Street Capital Markets -- Analyst
Hey, guys. So I guess, Jeff, for you, maybe a couple -- I think it was three months ago, you talked about refreshing the product line over the next 18 months, and I think we've seen one, right, with the SLA 750. I'm just wondering if next week is going to be a big week for new product introductions.
Jeff Graves -- Chief Executive Officer
Troy, we have -- what I think is a really exciting product lineup for the next 18 months, you're going to hear regularly of new products being launched. You go through a debate internally of, well, how much do you really reveal at any one time, you talk about I can -- so you'll get a lot -- you'll get more information on Monday, and we're excited about telling you about it. It will be a little judicious because there's competitive issues and things like that. So we've got to be a little bit guarded.
But I would tell you, Troy, you see a theme in the 750 release, and you particularly with your knowledge of the industry would appreciate this, is backward compatibility and forward upgrade ability is a really big deal. So like this new 750, you can buy it as a single laser system or a dual laser system. You can upgrade it in the field, it's got modularity. That's kind of the theme that our technology folks are working toward in our new product platforms, so the customers are not stuck having to reinvest significant capital, they can do incremental investments and make sure they also have backward compatibility with products.
So I'm going off on a little bit of a tangent. I will tell you as much as we can next week, and I would encourage you to please ask a lot of questions, which you always do. We'll have a 750 in the Rapid, and we'll tell you as much about the road map as we possibly can, OK?
Troy Jensen -- Lake Street Capital Markets -- Analyst
OK. Jagtar will you be at the event?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
I will not be at the event. We will have our new starting interim CFO at the event. Thanks, Troy.
Troy Jensen -- Lake Street Capital Markets -- Analyst
Maybe one quick follow-up question. So it seems like every CEO is applauding the Biden administration and The Think Forward Initiative. So I'm just curious, Jeff, have you seen any more details? And what exactly are they going to do to incentivize adoption?
Jeff Graves -- Chief Executive Officer
No, it's a point of great discussion, Troy. And I would tell you, Troy it's been around long enough. I don't -- I rarely make any definitive plans based on federal actions and intent and direction. But I do think it reflects the sensitivity in Washington to the benefits of additive and what it can do for the robustness of the U.S.
economy and the resiliency, reducing our dependence on overseas sources of things. I was in Washington a couple of weeks ago. And I would tell you the discussion around 3D printing additive manufacturing is on everybody's lips. It's -- there's a defense component to it.
There's a national interest component to it, and there's a resiliency factor that we don't want to be brought down by other countries and pandemics and things like that. I think it's great. My interpretation of the bill, which is strictly the layman is that it's intended to help smaller businesses adopt additive. And so, I think in terms of driving demand for us, it's a great thing.
I'm not sure that the OEMs of additive will benefit directly. I don't know that we need to benefit directly. But certainly, if it helps our customers adopt the additive, particularly small companies, helps them grow. I think it's fantastic.
So I applaud what they're doing directionally. And it will be interesting to see what they are. We rarely modify plans to meet him, but it's consistent with what we're investing in anyway. So I'm all for it and great to see the sentiment in an industrial direction there.
Troy Jensen -- Lake Street Capital Markets -- Analyst
OK, guys. Congrats. Good luck moving forward. See you next week.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Troy. Looking forward to seeing you.
Operator
Thank you. Your next question today is coming from Kieran McCabe from Stifel. Your line is now live.
Kieran McCabe -- Stifel Financial Corp. -- Analyst
I guess, I just had a question, given kind of the continued resilience in demand and further adoption of adamant manufacturing and you had the acquisition of Oqton back in September. I wonder if maybe you can kind of give an update or kind of a sense of conversations with customers about really using software to drive the adoption into production environments and the need for software and sort of kind of -- since the Oqton acquisition, kind of any update you could provide on that probably would have a lot of details for that next week, but anything you could kind of touch on that now, that would be great. Thank you.
Jeff Graves -- Chief Executive Officer
Sure. I'll make a couple of comments. And it's so important to us, quite honestly, in the future that Ben Schrauwen, the leader of Oqton, will be at our Investor Day event to talk about the Oqton software platform and where it's headed. Yes, I would tell you, for all the folks on the phone, the software is an incredibly important issue in bringing additive into production environments.
Again, it did used to be to put it in a laboratory, a one-off machine. It didn't really matter as long as they wanted a machine that was easy to use and smart. But to put fleets of machines, and we're talking to guys about hundreds and thousands of printers in a factory, you had -- to avoid process variability and the use of large amounts of labor, you absolutely have to have a robust software environment to run them, a manufacturing operating system. And that operating system cannot disrupt the ongoing factory when you install it, which is what we love about Oqton.
It can plug into SAP or Oracle, and then you can plug not only printers, the post-print processing, robotics, you can plug all of that in through APIs into the Oqton platform. So customer interest in that platform, I would tell you has been enormous. We're in dialogue with companies every day about it -- large companies. I think it's a new field, so everybody is trying to learn what it can do, what they need to do with it, but interest has been quite high.
So I'm very pleased with that. And I think it will help Oqton will help our entire industry continue to meet this increased demand for additive and production which is why we set it up as a separate somewhat independent firewall business is we wanted to help the entire industry and the entire customer base adopt additive manufacturing. So you'll hear from the leader of that business next week in person, and we've staked out a fair bit of time on the agenda for software discussion. I think you'll find it quite interesting.
Kieran McCabe -- Stifel Financial Corp. -- Analyst
Great. Thank you so much.
Jeff Graves -- Chief Executive Officer
You are welcome. Thanks for the question.
Operator
Thank you. Next question today is coming from Jared Maymon from Berenberg. Your line is now live.
Jared Maymon -- Berenberg Capital Markets -- Analyst
Hey, good morning, guys.
Jeff Graves -- Chief Executive Officer
Good morning, Jared.
Jared Maymon -- Berenberg Capital Markets -- Analyst
So thanks for the -- a lot of commentary around the supply side that's been helpful, but I did just want to ask a couple of questions on demand. So I've been hearing from some other companies that they're seeing orders slowing, and it sounds like it's mainly in some cases, due to like inflation, interest rates and interest rates rising and the geopolitical risks, just generally increasing uncertainty. So they're either -- it sounds like, in some cases, slowing or stalling or delaying their capex decisions, so -- or capex orders. So I'm wondering, are you seeing any of this? Or is there any indication that you might start to see some of this and customers making that shift in the coming months? And then on the flip side, I'm curious if you think this could actually be a bit of a tailwind for additive and you guys, because in some cases, it can be a little more cost-effective and easier to ramp up and ramp down more quickly.
Jeff Graves -- Chief Executive Officer
Yes. And I've already gone on about the benefits and the positive drivers that we see based on all these difficulties in the environment. And those are true and they're profound. They are big drivers.
The only real risk, and I'd say we have not seen it manifest itself at all. But in just my opinion, the only real risk is with this rise inflation and the corresponding rise by the Fed and interest rates, it starts tiptoeing toward recessionary pressures. And if our customers finally believe that a recession is coming, everybody starts looking in detail of their capex spending. So eventually that could become a headwind -- right now, there's no headwinds.
There's no sign of that happening right now. I would tell you, in our company, it's demand is very high, especially exploring new ways of bringing this into production. And it's driven by everything we've talked about and the risk of extended supply chains -- supply chain disruption, pandemic. All of that on the negative side in the future would really only be, I think, if the entire economy slowed down to the point where industrial firms started really looking at how much new capacity they needed to add, I still think there'll be an underlying tremendous driver to bring it closer to home, whatever that capacity is and to make it more robust.
At the same time, offsetting that could be a slowdown in the general economy. Again, we see no evidence of that in our demand profile right now. But if I were to speculate, that's the one thing that could affect, I think, the whole industrial sector. Jagtar, if you have any other view.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
The only thing I'd add, Jared, is obviously, I can't predict what the economy is going to do in Q4 of this year or Q1 of next year. But looking with shorter term, I mean, I'm quite pleased with where our pipeline looks sits right now for Q2. So that would seem to indicate that demand is still out there is still strong.
Jared Maymon -- Berenberg Capital Markets -- Analyst
Yes. OK. That is really helpful, guys. And then just as kind of a follow-up.
So I'm just curious, have you guys seen any shift? Or is it pretty steady from a sequential utilization standpoint and then subsequently consumables from Q4 to Q1? And then any sort of outlook on that remaining steady, increasing or decreasing for the rest of the year?
Jeff Graves -- Chief Executive Officer
Jagtar, do you want to comment on the individual element?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes. So consumables -- Q1 is typically lower than Q4. It's easier to do year-over-year number. I'll give you some numbers that are adjusted for divestitures.
So materials revenue was up about 11 or 12% year over year. I think we felt pretty good about that. Printers were up -- or systems -- product revenue was up closer to 22, 23% year over year. So printer sales were quite strong, which bodes well for future materials revenue.
I like it when I see materials growing strong, but printer is growing even stronger, because that means there's going to be follow-on materials revenue in the future.
Jeff Graves -- Chief Executive Officer
And again, Jared, we'll try to give you a little bit more color on our -- on the size of our installed base and our growth outlook next Monday. When we talk, it's really impressive numbers, quite frankly, the scale of it. So it's interesting. I think we're among the first learning of how to sell and manage large fleets of machines, and especially mixed fleets, not only metal and polymer, but our machines and those from elsewhere in the industry.
So fascinating times, we'll share some more insight on that on Monday.
Jared Maymon -- Berenberg Capital Markets -- Analyst
Great. Looking forward to the Investor Day. And, Jagtar, best wishes in what comes next.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Jared. Appreciate it.
Operator
Thank you. We reached the end of our question and answer session. I'd like to turn the floor back over to Dr. Graves for any further closing comments.
Jeff Graves -- Chief Executive Officer
So thank you all for joining our call this morning. We hope to see you next week in Detroit and to updating you again on our progress next quarter. Thanks, and have a great day.
Operator
[Operator signoff]
Duration: 54 minutes
Call participants:
Melanie Solomon -- Investor Relations
Jeff Graves -- Chief Executive Officer
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Brian Drab -- William Blair and Company -- Analyst
Unknown speaker
Troy Jensen -- Lake Street Capital Markets -- Analyst
Kieran McCabe -- Stifel Financial Corp. -- Analyst
Jared Maymon -- Berenberg Capital Markets -- Analyst
More DDD analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) Q1 2022 Earnings Call May 10, 2022, 8:30 a.m. Operator [Operator signoff] Duration: 54 minutes Call participants: Melanie Solomon -- Investor Relations Jeff Graves -- Chief Executive Officer Jagtar Narula -- Executive Vice President and Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group -- Analyst Brian Drab -- William Blair and Company -- Analyst Unknown speaker Troy Jensen -- Lake Street Capital Markets -- Analyst Kieran McCabe -- Stifel Financial Corp. -- Analyst Jared Maymon -- Berenberg Capital Markets -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. No matter what portion of the economy you serve, whether it be continued supply chain pressures, significant rise in the rate of inflation, the ongoing impact of the pandemic or the tragic circumstances that we've seen unfold with the Russian invasion of Ukraine.
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Operator [Operator signoff] Duration: 54 minutes Call participants: Melanie Solomon -- Investor Relations Jeff Graves -- Chief Executive Officer Jagtar Narula -- Executive Vice President and Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group -- Analyst Brian Drab -- William Blair and Company -- Analyst Unknown speaker Troy Jensen -- Lake Street Capital Markets -- Analyst Kieran McCabe -- Stifel Financial Corp. -- Analyst Jared Maymon -- Berenberg Capital Markets -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems (NYSE: DDD) Q1 2022 Earnings Call May 10, 2022, 8:30 a.m. Our focus on providing additive manufacturing solutions for industrial and healthcare customers, utilizing our broad portfolio of hardware, materials, and software solutions combined with applications expertise is continuing to deliver consistent double-digit revenue growth when adjusted for divestitures.
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Operator [Operator signoff] Duration: 54 minutes Call participants: Melanie Solomon -- Investor Relations Jeff Graves -- Chief Executive Officer Jagtar Narula -- Executive Vice President and Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group -- Analyst Brian Drab -- William Blair and Company -- Analyst Unknown speaker Troy Jensen -- Lake Street Capital Markets -- Analyst Kieran McCabe -- Stifel Financial Corp. -- Analyst Jared Maymon -- Berenberg Capital Markets -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems (NYSE: DDD) Q1 2022 Earnings Call May 10, 2022, 8:30 a.m. With me on the call are Dr. Jeffrey Graves, our president and chief executive officer, Jagtar Narula, executive vice president and chief financial officer, and Andrew Johnson, executive vice president and chief legal officer.
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Operator [Operator signoff] Duration: 54 minutes Call participants: Melanie Solomon -- Investor Relations Jeff Graves -- Chief Executive Officer Jagtar Narula -- Executive Vice President and Chief Financial Officer Greg Palm -- Craig-Hallum Capital Group -- Analyst Brian Drab -- William Blair and Company -- Analyst Unknown speaker Troy Jensen -- Lake Street Capital Markets -- Analyst Kieran McCabe -- Stifel Financial Corp. -- Analyst Jared Maymon -- Berenberg Capital Markets -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems (NYSE: DDD) Q1 2022 Earnings Call May 10, 2022, 8:30 a.m. Adjusted for divestitures, revenue in the first quarter for healthcare increased 4.6% and industrial increased by 15.7% as compared to the first quarter last year.
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Why 3D Systems Stock Is Falling Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-is-falling-today
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nan
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What happened
Shares of 3D Systems (NYSE: DDD), a 3D-printing company, were falling today after it reported first-quarter results. The company missed Wall Street's average estimate for its bottom line but beat the top-line estimate. As a result, the tech stock was down by 2.7% as of 10:43 a.m. ET.
So what
3D Systems reported a non-GAAP loss of $0.06 per share in the first quarter, which was worse than analysts' consensus estimate of flat earnings for the quarter. Investors were likely very disappointed with the loss not only because it missed Wall Street's expectations, but also because 3D Systems reported non-GAAP earnings of $0.17 per share in the year-ago quarter.
Image source: Getty Images.
3D Systems CEO Dr. Jeffrey Graves said that he's encouraged by the "resiliency of demand" for the company's products. He also said that, "As we now move fully into 2022, there are clear challenges that all companies are facing, the duration of which is unknown."
Those comments probably didn't ease any investor fears and likely contributed to pessimism toward the stock this morning.
Now what
3D Systems' management said that revenue for the full year should be in the range between $580 million to $625 million, which is in line with analysts' consensus average of $595 million. But investors are growing increasingly concerned with technology stocks that aren't posting profits. With inflation the highest it's been in four decades and the Federal Reserve raising rates to try to get it under control, investors are worried that the U.S. economy could significantly slow down.
That appears to be what 3D Systems investors are focusing on this morning. It's no surprise that they're disappointed with the company's loss in the quarter.
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Chris Neiger has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD), a 3D-printing company, were falling today after it reported first-quarter results. Investors were likely very disappointed with the loss not only because it missed Wall Street's expectations, but also because 3D Systems reported non-GAAP earnings of $0.17 per share in the year-ago quarter. With inflation the highest it's been in four decades and the Federal Reserve raising rates to try to get it under control, investors are worried that the U.S. economy could significantly slow down.
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What happened Shares of 3D Systems (NYSE: DDD), a 3D-printing company, were falling today after it reported first-quarter results. The company missed Wall Street's average estimate for its bottom line but beat the top-line estimate. Now what 3D Systems' management said that revenue for the full year should be in the range between $580 million to $625 million, which is in line with analysts' consensus average of $595 million.
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What happened Shares of 3D Systems (NYSE: DDD), a 3D-printing company, were falling today after it reported first-quarter results. Investors were likely very disappointed with the loss not only because it missed Wall Street's expectations, but also because 3D Systems reported non-GAAP earnings of $0.17 per share in the year-ago quarter. 10 stocks we like better than 3D Systems When our award-winning analyst team has a stock tip, it can pay to listen.
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What happened Shares of 3D Systems (NYSE: DDD), a 3D-printing company, were falling today after it reported first-quarter results. So what 3D Systems reported a non-GAAP loss of $0.06 per share in the first quarter, which was worse than analysts' consensus estimate of flat earnings for the quarter. * They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them!
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2022-05-10 00:00:00 UTC
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3D Systems (DDD) Earnings & Revenue Miss Estimates in Q1
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DDD
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https://www.nasdaq.com/articles/3d-systems-ddd-earnings-revenue-miss-estimates-in-q1
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nan
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3D Systems DDD reported first-quarter 2022 non-GAAP loss of 6 cents per share, missing the Zacks Consensus Estimate of break-even. The bottom line compared unfavorably with the prior-year quarter’s earnings of 17 cents per share.
In the first quarter of 2022, 3D Systems reported revenues of $133 million, down 9% from the year-ago quarter and 11.9% from the previous quarter. Excluding the impact of business divestments in 2021, revenues increased 10% year over year. The top line narrowly lagged the consensus mark of $133.7 million.
Quarter in Detail
In the first quarter, product revenues represented 75.6% of the total revenues and jumped 7.4% to $100.6 million. Meanwhile, revenues from Services, which accounted for 24.4% of revenues, plunged 38.2% year over year to $32.5 million.
3D Systems Corporation Price, Consensus and EPS Surprise
3D Systems Corporation price-consensus-eps-surprise-chart | 3D Systems Corporation Quote
Revenues from the Healthcare segment fell 11.3% year over year to $64.3 million. The figure declined 13.7% from the prior quarter. Excluding the impact of business divestments, the segment’s revenues increased 4.6% year over year.
The industrial division revenues decreased 6.6% year over year to $68.7 million and 10.1% sequentially. Excluding the impact of business divestments, the unit’s revenues increased 15.7%. The company witnessed solid demand for products as well as materials.
Operating Details
During the first quarter of 2022, 3D Systems’ non-GAAP gross profit decreased 16.2% year over year to $53.9 million. Consequently, non-GAAP gross profit margin contracted 340 basis points (bps) to 40.6%. This decrease was driven by year-over-year product mix changes due to divestitures and increased supply chain disruptions.
Non-GAAP operating expenses increased 13% to $57.8 million. The increase was due to spending related to future growth, which includes expenses from acquisitions, research and development, and bad debt caused by heightened geopolitical events.
Non-GAAP operating loss was $3.9 million versus the year-ago operating income of $13.1 million.
Adjusted EBITDA was $1.9 million. The margin of 1.4% reflected a disciplined approach to growth, cost management and focus on core businesses.
Balance Sheet Details
The global leader in additive manufacturing solutions exited the first quarter with cash, cash equivalents and short-term investments of $745.6 million, lower than the prior-quarter’s $789.7 million. As of Mar 31, 2022, 3D Systems had a total debt of $447.5 million, down from the previous quarter’s $460 million.
During first-quarter 2022, the company utilized $15.1 million of operating cash flow.
Guidance
3D Systems trimmed its full-year 2022 guidance. The company now expects revenues between $580 million and $625 million, compared with the previously expected band of $570 million to $630 million. It now projects non-GAAP gross margin to be 40-43% rather than the previously estimated 40-44%.
Non-GAAP operating expense is estimated to be $235-$250 million, raising the lower end from the earlier projection of $225-$250 million.
Management provided this guidance with the assumption that the pandemic, supply chain disruptions or any geopolitical events will not be of any concern in 2022.
Zacks Rank & Key Picks
3D Systems currently carries a Zacks Rank #3 (Hold). Shares of DDD have declined 57.4% in the past year.
Some better-ranked stocks from the broader Computer and Technology sector are Avnet AVT, Axcelis Technologies ACLS and Analog Devices ADI. While Avnet and Axcelis sport a Zacks Rank #1 (Strong Buy), Analog Devices carry a Zacks Rank of 2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Avnet's fourth-quarter fiscal 2022 earnings has been revised 55 cents northward to $1.96 per share over the past 30 days. For 2022, earnings estimates have moved 20.5% north to $6.83 per share in the past 30 days.
Avnet's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 21.2%. Shares of AVT have increased 9.5% in the past year.
The Zacks Consensus Estimate for Axcelis' second-quarter 2022 earnings has been revised 3 cents upward to 99 cents per share over the past seven days. For 2022, ACLS' earnings estimates have moved 11 cents north to $4.10 per share in the past seven days.
Axcelis' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 23.5%. Shares of ACLS have surged 41.6% in the past year.
The Zacks Consensus Estimate for Analog Devices' second-quarter fiscal 2022 earnings has been revised 4 cents upward to $2.12 per share over the past 60 days. For fiscal 2022, earnings estimates have moved 11 cents north to $8.43 per share in the past 60 days.
Analog Devices' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 6%. Shares of ADI have increased 1% in the past year.
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3D Systems Corporation (DDD): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems DDD reported first-quarter 2022 non-GAAP loss of 6 cents per share, missing the Zacks Consensus Estimate of break-even. Shares of DDD have declined 57.4% in the past year. 3D Systems Corporation (DDD): Free Stock Analysis Report
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3D Systems DDD reported first-quarter 2022 non-GAAP loss of 6 cents per share, missing the Zacks Consensus Estimate of break-even. Shares of DDD have declined 57.4% in the past year. 3D Systems Corporation (DDD): Free Stock Analysis Report
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3D Systems DDD reported first-quarter 2022 non-GAAP loss of 6 cents per share, missing the Zacks Consensus Estimate of break-even. Shares of DDD have declined 57.4% in the past year. 3D Systems Corporation (DDD): Free Stock Analysis Report
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3D Systems DDD reported first-quarter 2022 non-GAAP loss of 6 cents per share, missing the Zacks Consensus Estimate of break-even. Shares of DDD have declined 57.4% in the past year. 3D Systems Corporation (DDD): Free Stock Analysis Report
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716503.0
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2022-05-09 00:00:00 UTC
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3D Systems Corp. Shares Fall 0.4% Below Previous 52-Week Low - Market Mover
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DDD
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https://www.nasdaq.com/articles/3d-systems-corp.-shares-fall-0.4-below-previous-52-week-low-market-mover
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nan
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nan
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3D Systems Corp. (DDD) shares closed 0.4% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 52.5% year-to-date, down 46.7% over the past 12 months, and down 46.4% over the past five years. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 3.9%.
Trading Activity
Trading volume this week was 51.4% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by 273.6%
The company's stock price performance over the past 12 months lags the peer average by 79.0%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -87.3% lower than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems Corp. (DDD) shares closed 0.4% lower than its previous 52 week low, giving the company a market cap of $1B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.0. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 273.6% The company's stock price performance over the past 12 months lags the peer average by 79.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -87.3% lower than the average peer.
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3D Systems Corp. (DDD) shares closed 0.4% lower than its previous 52 week low, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 3.9%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 273.6% The company's stock price performance over the past 12 months lags the peer average by 79.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -87.3% lower than the average peer.
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3D Systems Corp. (DDD) shares closed 0.4% lower than its previous 52 week low, giving the company a market cap of $1B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 273.6% The company's stock price performance over the past 12 months lags the peer average by 79.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -87.3% lower than the average peer. This story was produced by the Kwhen Automated News Generator.
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3D Systems Corp. (DDD) shares closed 0.4% lower than its previous 52 week low, giving the company a market cap of $1B. This week, the Dow Jones Industrial Average fell 2.5%, and the S&P 500 fell 3.9%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
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d53c5540-2db0-4586-86be-e523655aee78
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716504.0
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2022-05-06 00:00:00 UTC
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Desktop Metal Earnings: What to Watch on May 10
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DDD
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https://www.nasdaq.com/articles/desktop-metal-earnings%3A-what-to-watch-on-may-10
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nan
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nan
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Desktop Metal (NYSE: DM) is slated to report its first-quarter 2022 results before the market open on Tuesday, May 10. An analyst conference call is scheduled for the same day at 8 a.m. ET.
The 3D printing company's quarterly report will follow that of well-established industry player 3D Systems, which is on deck for Monday, May 9, after the market close. (Read 3D Systems' earnings preview.) And it will precede the report from the industry's other long-established player, Stratasys, which plans to release its results on Monday, May 16, after the closing bell. (Read Stratasys' earnings preview.)
Investors will probably be approaching Desktop Metal's first-quarter report with a fair dose of caution. Last quarter's report had some positives, including "a continuation of strong revenue growth and gross margin moving in the right direction, and the P-50 entering the commercialization stage," as I wrote at the time. However, there were also reasons for concern, the main one being that the company's "revenue growth has come at a substantial cost, as it's been burning through a lot of cash and issuing new shares to make acquisitions."
Here's what to watch in Desktop's upcoming Q1 report.
Image source: Getty Images.
Desktop Metal's key numbers
METRIC Q1 2021 RESULT Q1 2022 WALL STREET CONSENSUS ESTIMATE PROJECTED CHANGE
Revenue $11.3 million $41.6 million 268%
Adjusted earnings per share (EPS) $0.03 ($0.13) Result expected to flip to negative from positive
Data source: Desktop Metal and Yahoo! Finance.
Revenue is poised to get a sizable boost from Desktop Metal's acquisition of ExOne in mid-November. The quarter to be reported will be the first quarter in which the company has owned ExOne for the entire period. In addition, the year-over-year revenue comparison will also benefit from acquisitions made over the last year. Investors will likely not learn the magnitude of this latter benefit, as the company has not been providing organic revenue results on a quarterly basis.
For context, in the fourth quarter, Desktop's revenue soared 577% year over year to $56.7 million. This result included a half quarter of contribution from ExOne that amounted to $15.5 million. It also included an undisclosed amount from other acquisitions made over the preceding year.
Cash burn
In 2022, investors need to keep close tabs on Desktop Metal's cash-burn rate, as the company's cash outflow last year presents some concerns. Growth-oriented companies, such as Desktop, justify spending cash as an "investment" in future growth. This argument often makes solid sense -- but only to a degree.
Companies need adequate cash reserves, or they could be forced to borrow cash at times when terms are relatively unfavorable. They can also issue more shares to raise funds, but this action dilutes existing shareholders. Moreover, issuing new shares is a more attractive way to pay for acquisitions when the share price is rising -- and Desktop shares have been steadily declining since peaking in February 2021.
As for the numbers, Desktop ended 2021 with $271.7 million in cash, cash equivalents, and short-term investments. In 2021, the company used cash of $155 million running its operations. In addition, it used cash of $287.6 million on acquisitions, of which $191 million went toward the $561.3 million ExOne deal.
P-50 sales
In February, Desktop shipped its first P-50, its flagship 3D printing system for mass production of end-use metal parts. This system went to Stanley Black & Decker, which makes industrial tools and other industrial and household products.
These are large and pricey systems. So investors should keep in mind what I wrote last quarter: "It probably won't be until at least the second quarter that the company has data of value about the early progress of the commercialization stage."
2022 guidance
Last quarter, management released its outlook for full-year 2022. Any notable change in this outlook will likely move the stock, but it seems improbable management would revise its full-year guidance this early in the year.
For full-year 2022, management guided for the following:
Revenue of about $260 million, representing 131% annual growth.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) of approximately negative $90 million. In 2021, adjusted EBITDA was negative $96.1 million, so management expects this loss to narrow by about 6%.
CEO Ric Fulop said on last quarter'searnings callthat this guidance was for the business as it stood at the time.
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The 3D printing company's quarterly report will follow that of well-established industry player 3D Systems, which is on deck for Monday, May 9, after the market close. Last quarter's report had some positives, including "a continuation of strong revenue growth and gross margin moving in the right direction, and the P-50 entering the commercialization stage," as I wrote at the time. However, there were also reasons for concern, the main one being that the company's "revenue growth has come at a substantial cost, as it's been burning through a lot of cash and issuing new shares to make acquisitions."
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The 3D printing company's quarterly report will follow that of well-established industry player 3D Systems, which is on deck for Monday, May 9, after the market close. Revenue $11.3 million $41.6 million 268% Adjusted earnings per share (EPS) $0.03 ($0.13) Result expected to flip to negative from positive Data source: Desktop Metal and Yahoo! In 2021, adjusted EBITDA was negative $96.1 million, so management expects this loss to narrow by about 6%.
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Revenue $11.3 million $41.6 million 268% Adjusted earnings per share (EPS) $0.03 ($0.13) Result expected to flip to negative from positive Data source: Desktop Metal and Yahoo! Cash burn In 2022, investors need to keep close tabs on Desktop Metal's cash-burn rate, as the company's cash outflow last year presents some concerns. In addition, it used cash of $287.6 million on acquisitions, of which $191 million went toward the $561.3 million ExOne deal.
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In addition, it used cash of $287.6 million on acquisitions, of which $191 million went toward the $561.3 million ExOne deal. 2022 guidance Last quarter, management released its outlook for full-year 2022. 10 stocks we like better than Desktop Metal, Inc.
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cb266a9a-81a2-4cb0-ac66-8198a5b2c1c2
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716505.0
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2022-05-04 00:00:00 UTC
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RSI Alert: 3D Systems (DDD) Now Oversold
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DDD
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https://www.nasdaq.com/articles/rsi-alert%3A-3d-systems-ddd-now-oversold
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nan
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Wednesday, shares of 3D Systems Corp. (Symbol: DDD) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $11.43 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 37.9. A bullish investor could look at DDD's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDD shares:
Looking at the chart above, DDD's low point in its 52 week range is $11.10 per share, with $41.48 as the 52 week high point — that compares with a last trade of $11.55.
Find out what 9 other oversold stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of 3D Systems Corp. (Symbol: DDD) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $11.43 per share. A bullish investor could look at DDD's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDD shares: Looking at the chart above, DDD's low point in its 52 week range is $11.10 per share, with $41.48 as the 52 week high point — that compares with a last trade of $11.55.
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In trading on Wednesday, shares of 3D Systems Corp. (Symbol: DDD) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $11.43 per share. A bullish investor could look at DDD's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDD shares: Looking at the chart above, DDD's low point in its 52 week range is $11.10 per share, with $41.48 as the 52 week high point — that compares with a last trade of $11.55.
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In trading on Wednesday, shares of 3D Systems Corp. (Symbol: DDD) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $11.43 per share. A bullish investor could look at DDD's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDD shares: Looking at the chart above, DDD's low point in its 52 week range is $11.10 per share, with $41.48 as the 52 week high point — that compares with a last trade of $11.55.
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In trading on Wednesday, shares of 3D Systems Corp. (Symbol: DDD) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $11.43 per share. A bullish investor could look at DDD's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of DDD shares: Looking at the chart above, DDD's low point in its 52 week range is $11.10 per share, with $41.48 as the 52 week high point — that compares with a last trade of $11.55.
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331f39c3-86c2-4e05-829e-4e8f100cc107
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716506.0
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2022-04-29 00:00:00 UTC
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Bear of the Day: 3D Systems (DDD)
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DDD
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https://www.nasdaq.com/articles/bear-of-the-day%3A-3d-systems-ddd
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nan
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nan
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3D Systems DDD slipped into the cellar of the Zacks Ranks again as EPS estimates continue to drift lower this year.
Not only is annual EPS expected to decline by 78%, but in the past two months since the company reported Q4 earnings, the Zacks consensus among analysts has been cut in half from 22-cents to 11-cents.
3D reported Q4'21 non-GAAP earnings of 9 cents per share, beating the Zacks Consensus Estimate of 3 cents per share. The bottom line remained flat year over year.
In the fourth quarter of 2021, 3D Systems reported revenues of $150.9 million, down 12.6% from the year-ago quarter and 3.5% from the previous quarter. Excluding the impact of business divestments in 2021, revenues surged 13.1% year over year. The top line outpaced the consensus mark of $144.6 million.
Business Offerings and Operating Segments
Headquartered in Rock Hill, SC, 3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide.
The company also provides scanners for a variety of medical and mechanical X-Ray film digital archiving.
The company’s primary print engines comprise stereolithography, selective laser sintering, multi-jet modeling as well as ZPrinters. Its 3D printers convert data input from computer aided design software or 3D scanning and sculpting devices to produce physical objects from engineered plastic, metals, ceramics and edibles.
The company primarily caters to a broad range of industries, including manufacturers of automotive, aerospace, computer, electronic, defense, education, consumer, energy and healthcare products, as well as original equipment manufacturers, government agencies, universities, independent service bureaus and individual consumers.
3D Systems operates through two reportable segments — Products and Services. Under its Product division, the company offers 3D printers, materials, software, haptic design tools, 3D scanners and virtual surgical simulators. The segment accounted for 70% of 2021 total revenues of $615.6 million.
Under the Service segment, the company provides maintenance and service support, periodic hardware and software updates, printer installations, and training of customers. The division contributed 30% to 2021 total revenues.
End market wise, revenue contributions from Healthcare and Industrial were 49.7% and 50.3%, respectively in 2021.
Quarter in Detail
In the fourth quarter, product revenues represented 77.9% of the total revenues and jumped 4.5% to $117.6 million. Meanwhile, revenues from Services, which accounted for 22.1% of revenues, plunged 44.6% year over year to $33.3 million.
Revenues from the Healthcare segment fell 12.9% year over year to $74.5 million. The figure declined 2.5% from the prior quarter. Excluding the impact of business divestments in 2021, the segment’s revenues increased 5.1% year over year.
The industrial division revenues decreased 12.3% year over year to $76.4 million and 4.1% sequentially. Excluding the impact of business divestments in 2021, the unit’s revenues increased 22.2%. The company witnessed solid demand for products as well as materials.
Operating Details
During the fourth quarter of 2021, 3D Systems’ non-GAAP gross profit decreased 10.3% year over year to $66.5 million. However, non-GAAP gross profit margin expanded 120 basis points (bps) to 44.1%. This increase was driven by high production levels and improved inventory management caused by increased supply chain resilience.
Non-GAAP operating expenses decreased 6.4% to $54.3 million. The downside was due to savings achieved from cost restructuring activities, and reduced SG&A expenses.
Non-GAAP operating income declined 23.6% to $12.3 million.
Adjusted EBITDA was $17.9 million. The margin of 11.8% reflected disciplined approach to growth, cost management and focus on core businesses.
Balance Sheet Details
The global leader in additive manufacturing (AM) solutions exited the fourth quarter with cash and cash equivalents of $789.7 million, significantly higher from the prior quarter’s $502.8 million. As of Dec 31, 2021, 3D Systems had a total debt of $460 million.
During the full-year 2021, the company generated $48.1 million of operating cash flow.
Full-Year Highlights
For the full-year 2022, 3D Systems reported revenues of $615.6 million, indicating a surge of 10.5% year over year. Excluding the impact of business divestments, annual revenues surged 31.8% year over year. The year-over-year increase in top-line results reflect continued strength in the Industrial segment, growing demand from Healthcare customers and acceleration beyond pre-pandemic performance levels.
The company reported non-GAAP earnings of 45 cents per share compared with a loss of 11 cents reported year ago.
Non-GAAP gross margin expanded 40 bps to 43%. Non-GAAP operating expenses decreased 9.4% to $214.7 million.
Non-GAAP operating income increased from $0.3 million a year ago to $49.8 million in 2021. Consequently, non-GAAP operating margin expanded 150 bps to 19%.
Adjusted EBITDA was $74.1 million for the full-year 2022. The margin stood at 12%.
3D Guidance
3D Systems expects revenues between $570 million and $630 million for the full-year 2022. It projects non-GAAP gross margin to be 40-44%. The current Zacks consensus of $606.65 million represents an annual decline of 1.46%.
Non-GAAP operating expense is estimated to be $225-$250 million.
Management provided this guidance with the assumption that the pandemic, supply chain disruptions or any geopolitical events will not be of any concern in 2022.
The Innovation Frontier
3D Systems recently boosted its stereolithography (SLA) printer portfolio by introducing two new printers – SLA 750 and SLA 750 Dual. Designed to address large format or high-volume production applications, the two additive manufacturing (AM) solutions are claimed to be the company’s fastest SLA printers.
The SLA 750 AM solution is a single-laser configuration that delivers up to 30% faster print speed than previous-generation SLA printers. The SLA 750 printer can be upgradable on-site to the SLA 750 Dual model, which is a synchronous, dual-laser system. The SLA 750 Dual delivers up to two times faster print speed and up to three times faster throughput compared with previous-generation SLA printers.
3D Systems noted that the two printers have a 15% larger build envelope and smaller hardware footprint than previous models that allow manufacturers to optimize and scale production. Moreover, both printers come with 3D Sprint, all-in-one software to prepare, optimize and print 3D CAD (three-dimensional computer-aided design) data.
The 3D Sprint software offers all the necessary tools required to quickly and efficiently move from design to high-quality, true-to-CAD printed parts production, thereby eliminating the need to rely on multiple software packages.
DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022.
Bottom line on 3D: While the early expectations for wide consumer adoption of 3D printers never panned out, the Healthcare and Industrial segments show promise. The stock should offer long-term rewards from these levels, but we have to wait for the earnings estimates to stop going down and start heading back up. The Zacks Rank will let you know.
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3D Systems Corporation (DDD): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems DDD slipped into the cellar of the Zacks Ranks again as EPS estimates continue to drift lower this year. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report
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3D Systems DDD slipped into the cellar of the Zacks Ranks again as EPS estimates continue to drift lower this year. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report
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3D Systems DDD slipped into the cellar of the Zacks Ranks again as EPS estimates continue to drift lower this year. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report
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3D Systems DDD slipped into the cellar of the Zacks Ranks again as EPS estimates continue to drift lower this year. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report
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9cc58b15-4014-4732-a690-cb801cdef4f8
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716507.0
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2022-04-29 00:00:00 UTC
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The Manitowoc Company and 3D Systems have been highlighted as Zacks Bull and Bear of the Day
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DDD
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https://www.nasdaq.com/articles/the-manitowoc-company-and-3d-systems-have-been-highlighted-as-zacks-bull-and-bear-of-the
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nan
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For Immediate Release
Chicago, IL – April 29, 2022 – Zacks Equity Research shares The Manitowoc Company MTW as the Bull of the Day and 3D Systems DDD as the Bear of the Day.
Here is a synopsis of the two stocks:
Bull of the Day:
The Manitowoc Company is a $500 million industrial manufacturer of heavy construction equipment with a focus on lift cranes. The company is projected to deliver $2 billion in sales this year, representing 21% annual growth and a price-to-sales ratio of just 0.25.
Incorporated in 1902, Manitowoc is a leading provider of engineered lifting solutions, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. The company reports for three geographic segments, the Americas, EURAF, and the MEAP segment.
Strong Q4 and 2022 Outlook
Manitowoc delivered a stunning earnings surprise for its Q4'21 report in late February. The company reported adjusted EPS of 27 cents against the Zacks Consensus Estimate of a loss of 1 cent per share. The bottom line increased 42% from the year-ago quarter's earnings of 19 cents per share.
Given improved demand, the company witnessed strong order rates and the highest backlog levels in more than 10 years during the quarter. Cost inflation, parts shortages and logistics disruptions continue to impact results.
Including one-time items, the company reported a loss per share of 10 cents in the quarter against the prior-year quarter's earnings of 5 cents per share.
Manitowoc's revenues rose 15.7% year over year to $498 million during the December-end quarter. However, the top line lagged the Zacks Consensus Estimate of $514 million. Revenues were affected by changes in foreign currency translation rates.
Orders in the reported quarter increased 21% year over year to $615 million. Backlog at the end of 2021 was $1,010.9 million, up 86.1% from the 2020-end's levels.
MTW is projected to earn $1.14 per share this year, for 32.5% growth. And next year is expected to ramp even more with EPS of $1.74, an advance of 52%. This gives the stock a forward P/E of under 8 times.
Operational Update
Cost of sales increased 18.7% year over year to $418 million in the reported quarter. Gross profit inched up 1.8% year over year to $79 million. The gross margin was 16% in the reported quarter compared with 18% in the prior-year quarter.
Engineering, selling and administrative expenses increased 44% year over year to $78 million. Adjusted operating income was $17.5 million in the quarter, down 28% from $24.2 million in the prior-year quarter's levels. Adjusted EBITDA in the reported quarter was $34.2 million, flat year over year. Adjusted EBITDA margin contracted to 6.9% from the year-ago quarter's 7.9%.
Financial Updates
Manitowoc reported cash and cash equivalents of $75.4 million at the end of 2021, down from $128.7 million at 2020-end. Long-term debt was $399.9 million at the end of 2021, up from $300 million at 2020-end. The company generated $76 million of cash in operating activities in 2021 compared with cash utilization of $35 million in 2020.
2021 Performance
Manitowoc reported adjusted EPS of 86 cents in 2021 against the loss per share of 35 cents reported in the prior year. Earnings beat the Zacks Consensus Estimate of 55 cents. Including one-time items, the bottom line came in at 31 cents per share against a loss per share of 55 cents reported in 2020.
Sales were up 19% year over year to $1.72 billion. The top line missed the Zacks Consensus Estimate of $1.74 billion.
2022 Outlook
Manitowoc is witnessing positive trends in crane demand in 2022. It expects cost inflation, part shortages and supply chain constraints to subside gradually through the year.
For the current year, Manitowoc expects revenues in the range of $2.0-$2.2 billion. Adjusted EBITDA is anticipated between $130 million and $160 million. Adjusted EPS is expected between 65 cents and $1.35.
Bottom line for MTW: Just because inflation and interest rates are on the rise is no reason to call for a recession in construction. In fact, the rising costs for raw materials, labor and capital may only spur the boom to get projects done for the next 1-2 years and MTW should continue to benefit. Consider the stock now at these bargain levels.
Bear of the Day:
3D Systems slipped into the cellar of the Zacks Ranks again as EPS estimates continue to drift lower this year.
Not only is annual EPS expected to decline by 78%, but in the past two months since the company reported Q4 earnings, the Zacks consensus among analysts has been cut in half from 22-cents to 11-cents.
3D reported Q4'21 non-GAAP earnings of 9 cents per share, beating the Zacks Consensus Estimate of 3 cents per share. The bottom line remained flat year over year.
In the fourth quarter of 2021, 3D Systems reported revenues of $150.9 million, down 12.6% from the year-ago quarter and 3.5% from the previous quarter. Excluding the impact of business divestments in 2021, revenues surged 13.1% year over year. The top line outpaced the consensus mark of $144.6 million.
Business Offerings and Operating Segments
Headquartered in Rock Hill, SC, 3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide.
The company also provides scanners for a variety of medical and mechanical X-Ray film digital archiving.
The company's primary print engines comprise stereolithography, selective laser sintering, multi-jet modeling as well as ZPrinters. Its 3D printers convert data input from computer aided design software or 3D scanning and sculpting devices to produce physical objects from engineered plastic, metals, ceramics and edibles.
The company primarily caters to a broad range of industries, including manufacturers of automotive, aerospace, computer, electronic, defense, education, consumer, energy and healthcare products, as well as original equipment manufacturers, government agencies, universities, independent service bureaus and individual consumers.
3D Systems operates through two reportable segments — Products and Services. Under its Product division, the company offers 3D printers, materials, software, haptic design tools, 3D scanners and virtual surgical simulators. The segment accounted for 70% of 2021 total revenues of $615.6 million.
Under the Service segment, the company provides maintenance and service support, periodic hardware and software updates, printer installations, and training of customers. The division contributed 30% to 2021 total revenues.
End market wise, revenue contributions from Healthcare and Industrial were 49.7% and 50.3%, respectively in 2021.
Quarter in Detail
In the fourth quarter, product revenues represented 77.9% of the total revenues and jumped 4.5% to $117.6 million. Meanwhile, revenues from Services, which accounted for 22.1% of revenues, plunged 44.6% year over year to $33.3 million.
Revenues from the Healthcare segment fell 12.9% year over year to $74.5 million. The figure declined 2.5% from the prior quarter. Excluding the impact of business divestments in 2021, the segment's revenues increased 5.1% year over year.
The industrial division revenues decreased 12.3% year over year to $76.4 million and 4.1% sequentially. Excluding the impact of business divestments in 2021, the unit's revenues increased 22.2%. The company witnessed solid demand for products as well as materials.
Operating Details
During the fourth quarter of 2021, 3D Systems' non-GAAP gross profit decreased 10.3% year over year to $66.5 million. However, non-GAAP gross profit margin expanded 120 basis points (bps) to 44.1%. This increase was driven by high production levels and improved inventory management caused by increased supply chain resilience.
Non-GAAP operating expenses decreased 6.4% to $54.3 million. The downside was due to savings achieved from cost restructuring activities, and reduced SG&A expenses.
Non-GAAP operating income declined 23.6% to $12.3 million.
Adjusted EBITDA was $17.9 million. The margin of 11.8% reflected disciplined approach to growth, cost management and focus on core businesses.
Balance Sheet Details
The global leader in additive manufacturing (AM) solutions exited the fourth quarter with cash and cash equivalents of $789.7 million, significantly higher from the prior quarter's $502.8 million. As of Dec 31, 2021, 3D Systems had a total debt of $460 million.
During the full-year 2021, the company generated $48.1 million of operating cash flow.
Full-Year Highlights
For the full-year 2022, 3D Systems reported revenues of $615.6 million, indicating a surge of 10.5% year over year. Excluding the impact of business divestments, annual revenues surged 31.8% year over year. The year-over-year increase in top-line results reflect continued strength in the Industrial segment, growing demand from Healthcare customers and acceleration beyond pre-pandemic performance levels.
The company reported non-GAAP earnings of 45 cents per share compared with a loss of 11 cents reported year ago.
Non-GAAP gross margin expanded 40 bps to 43%. Non-GAAP operating expenses decreased 9.4% to $214.7 million.
Non-GAAP operating income increased from $0.3 million a year ago to $49.8 million in 2021. Consequently, non-GAAP operating margin expanded 150 bps to 19%.
Adjusted EBITDA was $74.1 million for the full-year 2022. The margin stood at 12%.
3D Guidance
3D Systems expects revenues between $570 million and $630 million for the full-year 2022. It projects non-GAAP gross margin to be 40-44%. The current Zacks consensus of $606.65 million represents an annual decline of 1.46%.
Non-GAAP operating expense is estimated to be $225-$250 million.
Management provided this guidance with the assumption that the pandemic, supply chain disruptions or any geopolitical events will not be of any concern in 2022.
The Innovation Frontier
3D Systems recently boosted its stereolithography (SLA) printer portfolio by introducing two new printers – SLA 750 and SLA 750 Dual. Designed to address large format or high-volume production applications, the two additive manufacturing (AM) solutions are claimed to be the company's fastest SLA printers.
The SLA 750 AM solution is a single-laser configuration that delivers up to 30% faster print speed than previous-generation SLA printers. The SLA 750 printer can be upgradable on-site to the SLA 750 Dual model, which is a synchronous, dual-laser system. The SLA 750 Dual delivers up to two times faster print speed and up to three times faster throughput compared with previous-generation SLA printers.
3D Systems noted that the two printers have a 15% larger build envelope and smaller hardware footprint than previous models that allow manufacturers to optimize and scale production. Moreover, both printers come with 3D Sprint, all-in-one software to prepare, optimize and print 3D CAD (three-dimensional computer-aided design) data.
The 3D Sprint software offers all the necessary tools required to quickly and efficiently move from design to high-quality, true-to-CAD printed parts production, thereby eliminating the need to rely on multiple software packages.
DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022.
Bottom line on 3D: While the early expectations for wide consumer adoption of 3D printers never panned out, the Healthcare and Industrial segments show promise. The stock should offer long-term rewards from these levels, but we have to wait for the earnings estimates to stop going down and start heading back up. The Zacks Rank will let you know.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Manitowoc Company, Inc. (MTW): Free Stock Analysis Report
3D Systems Corporation (DDD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – April 29, 2022 – Zacks Equity Research shares The Manitowoc Company MTW as the Bull of the Day and 3D Systems DDD as the Bear of the Day. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report
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For Immediate Release Chicago, IL – April 29, 2022 – Zacks Equity Research shares The Manitowoc Company MTW as the Bull of the Day and 3D Systems DDD as the Bear of the Day. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report
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For Immediate Release Chicago, IL – April 29, 2022 – Zacks Equity Research shares The Manitowoc Company MTW as the Bull of the Day and 3D Systems DDD as the Bear of the Day. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report
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For Immediate Release Chicago, IL – April 29, 2022 – Zacks Equity Research shares The Manitowoc Company MTW as the Bull of the Day and 3D Systems DDD as the Bear of the Day. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report
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2022-04-28 00:00:00 UTC
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Apple (AAPL) Tops Q2 Earnings and Revenue Estimates
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https://www.nasdaq.com/articles/apple-aapl-tops-q2-earnings-and-revenue-estimates
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Apple (AAPL) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.40 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.29%. A quarter ago, it was expected that this maker of iPhones, iPads and other products would post earnings of $1.89 per share when it actually produced earnings of $2.10, delivering a surprise of 11.11%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Apple, which belongs to the Zacks Computer - Mini computers industry, posted revenues of $97.28 billion for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 2.90%. This compares to year-ago revenues of $89.58 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Apple shares have lost about 11.8% since the beginning of the year versus the S&P 500's decline of -12.2%.
What's Next for Apple?
While Apple has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Apple: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.24 on $85.48 billion in revenues for the coming quarter and $6.15 on $397.08 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Mini computers is currently in the bottom 5% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, 3D Systems (DDD), has yet to report results for the quarter ended March 2022. The results are expected to be released on May 9.
This maker of 3D printers is expected to post break-even quarterly earnings per share in its upcoming report, which represents a year-over-year change of -100%. The consensus EPS estimate for the quarter has been revised 4% higher over the last 30 days to the current level.
3D Systems' revenues are expected to be $133.67 million, down 8.5% from the year-ago quarter.
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Apple Inc. (AAPL): Free Stock Analysis Report
3D Systems Corporation (DDD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Another stock from the same industry, 3D Systems (DDD), has yet to report results for the quarter ended March 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.
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Another stock from the same industry, 3D Systems (DDD), has yet to report results for the quarter ended March 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report Apple, which belongs to the Zacks Computer - Mini computers industry, posted revenues of $97.28 billion for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 2.90%.
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Another stock from the same industry, 3D Systems (DDD), has yet to report results for the quarter ended March 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report Apple (AAPL) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.43 per share.
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Another stock from the same industry, 3D Systems (DDD), has yet to report results for the quarter ended March 2022. 3D Systems Corporation (DDD): Free Stock Analysis Report Apple (AAPL) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.43 per share.
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716509.0
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2022-04-27 00:00:00 UTC
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Buying Power of Ethereum vs. 3D Systems at New 52-Week High
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https://www.nasdaq.com/articles/buying-power-of-ethereum-vs.-3d-systems-at-new-52-week-high
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Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices versus various digital assets over time.
We noticed that as of 4/27/2022, Ethereum ($ETH) can buy you the most amount of 3D Systems shares, in the past year. For example, if you had 1 Ethereum coin and wished to buy shares of DDD(Symbol: DDD) with the proceeds, you would now be able to buy 225.22 shares of DDD. That's versus a low amount of 46.08 shares over the trailing twelve months. Here's how this relationship looks charted, over the past year:
The main driver of the above bar chart has, of course, been the performance of 3D Systems shares, relative to the performance of Ethereum; and here's how the two compare over the past year on a total return basis:
Check out our Ethereum historical price chart and 3D Systems vs Crypto pages for additional charts. Note that any stock splits and/or dividends are included when we calculate the DDD returns.
Be sure to follow us at CryptocurrenciesChannel.com for more interesting stock market vs. digital asset comparisons!
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Note that any stock splits and/or dividends are included when we calculate the DDD returns. For example, if you had 1 Ethereum coin and wished to buy shares of DDD(Symbol: DDD) with the proceeds, you would now be able to buy 225.22 shares of DDD. Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices versus various digital assets over time.
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For example, if you had 1 Ethereum coin and wished to buy shares of DDD(Symbol: DDD) with the proceeds, you would now be able to buy 225.22 shares of DDD. Note that any stock splits and/or dividends are included when we calculate the DDD returns. Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices versus various digital assets over time.
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For example, if you had 1 Ethereum coin and wished to buy shares of DDD(Symbol: DDD) with the proceeds, you would now be able to buy 225.22 shares of DDD. Note that any stock splits and/or dividends are included when we calculate the DDD returns. Here's how this relationship looks charted, over the past year: The main driver of the above bar chart has, of course, been the performance of 3D Systems shares, relative to the performance of Ethereum; and here's how the two compare over the past year on a total return basis: Check out our Ethereum historical price chart and 3D Systems vs Crypto pages for additional charts.
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For example, if you had 1 Ethereum coin and wished to buy shares of DDD(Symbol: DDD) with the proceeds, you would now be able to buy 225.22 shares of DDD. Note that any stock splits and/or dividends are included when we calculate the DDD returns. Here at CryptocurrenciesChannel.com, we find it interesting to track various ETF and stock prices versus various digital assets over time.
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5918e994-ee7f-406b-a514-43a7aefb0bae
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2022-04-21 00:00:00 UTC
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DDD June 3rd Options Begin Trading
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https://www.nasdaq.com/articles/ddd-june-3rd-options-begin-trading
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the June 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new June 3rd contracts and identified one put and one call contract of particular interest.
The put contract at the $14.00 strike price has a current bid of 89 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $14.00, but will also collect the premium, putting the cost basis of the shares at $13.11 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $14.29/share today.
Because the $14.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.36% return on the cash commitment, or 53.96% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp., and highlighting in green where the $14.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $16.00 strike price has a current bid of 60 cents. If an investor was to purchase shares of DDD stock at the current price level of $14.29/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $16.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 16.17% if the stock gets called away at the June 3rd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $16.00 strike highlighted in red:
Considering the fact that the $16.00 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.20% boost of extra return to the investor, or 35.64% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $14.29) to be 78%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the June 3rd expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the June 3rd expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the June 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new June 3rd contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 12% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the June 3rd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new June 3rd contracts and identified one put and one call contract of particular interest.
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2022-04-21 00:00:00 UTC
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Stratasys Earnings: What to Watch on May 16
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https://www.nasdaq.com/articles/stratasys-earnings%3A-what-to-watch-on-may-16
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Stratasys (NASDAQ: SSYS) is slated to report its first-quarter 2022 results after market close on Monday, May 16. An analyst conference call is scheduled for 4:30 p.m. ET on the same day.
The 3D printing company's report will follow that of its longtime rival, 3D Systems, which plans to release its quarterly report after the market close on Monday, May 9. (You can read my 3D Systems earnings preview here.)
Investors will likely be approaching Stratasys' report with a fair dose of optimism. Last quarter, the company beat Wall Street's consensus estimates for both revenue and earnings. Moreover, its 2022 top-line guidance came in higher than analysts had been expecting.
In 2022, Stratasys stock is down 13.4% through April 20, which is largely a function of market dynamics. For context, the S&P 500 and tech-heavy Nasdaq Composite have returned -6% and -13.8%, respectively, over this period. 3D Systems stock is underwater by 35.1% so far this year.
Here's what to watch in Stratasys' Q1 report.
Image source: Getty Images.
Stratasys' key numbers
Below are the company's results from the year-ago quarter and Wall Street's consensus estimates to use as benchmarks.
METRIC Q1 2021 RESULT WALL STREET'S Q1 2022 CONSENSUS ESTIMATE WALL STREET'S PROJECTED YEAR-OVER-YEAR CHANGE
Revenue
$134.2 million
$157.6 million 17%
Adjusted earnings per share (EPS) ($0.06) ($0.04) Loss expected to narrow 33%
Data sources: Stratasys and Yahoo! Finance.
Stratasys guided for year-over-year revenue growth in the high-teens percentage range. The company did not provide an earnings outlook.
For context, in the fourth quarter of 2021, Stratasys' revenue jumped 17% to $167 million, surpassing the $165 million Wall Street had expected, as well as the company's guidance of 16% growth. Growth was driven by the product segment, whose sales jumped 19%, while the service segment's sales rose 13%. Within the products business, 3D printer revenue surged 26% and print materials revenue grew 12%.
Last quarter's 3D printer revenue was the company's highest in three years. This is a positive sign because machine sales drive sales of print materials, which have attractive profit margins.
Last quarter's adjusted net income was $0.5 million, or $0.01 per share, down 92% from the year-ago period. The small adjusted profit likely surprised some investors as the analyst consensus estimate was for a loss of $0.01 per share.
Guidance
The market looks ahead, so guidance will be very important. Second-quarter guidance that is notably different from Wall Street's estimates will likely move the stock. And the stock will also probably move if management significantly revises its full-year 2022 guidance, which it issued last quarter. Such a tweaking doesn't seem likely this early in the year, however.
For Q2 2022, the Street is currently modeling for revenue to grow 12% year over year to $164.0 million. Analysts also project an adjusted loss of $0.02 per share, which would be flat with the year-ago period.
For full-year 2022, management guided for revenue of $680 million to $695 million, representing annual growth of about 12% to 15%. It also expects adjusted net income of $10 million to $13 million, or $0.14 per share to $0.19 per share. In 2021, the company posted an adjusted net loss of $4.3 million, or $0.07 per share.
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stratasys (NASDAQ: SSYS) is slated to report its first-quarter 2022 results after market close on Monday, May 16. Stratasys' key numbers Below are the company's results from the year-ago quarter and Wall Street's consensus estimates to use as benchmarks. The small adjusted profit likely surprised some investors as the analyst consensus estimate was for a loss of $0.01 per share.
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Stratasys' key numbers Below are the company's results from the year-ago quarter and Wall Street's consensus estimates to use as benchmarks. Revenue $134.2 million $157.6 million 17% Adjusted earnings per share (EPS) ($0.06) ($0.04) Loss expected to narrow 33% Data sources: Stratasys and Yahoo! For context, in the fourth quarter of 2021, Stratasys' revenue jumped 17% to $167 million, surpassing the $165 million Wall Street had expected, as well as the company's guidance of 16% growth.
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Revenue $134.2 million $157.6 million 17% Adjusted earnings per share (EPS) ($0.06) ($0.04) Loss expected to narrow 33% Data sources: Stratasys and Yahoo! For context, in the fourth quarter of 2021, Stratasys' revenue jumped 17% to $167 million, surpassing the $165 million Wall Street had expected, as well as the company's guidance of 16% growth. See the 10 stocks *Stock Advisor returns as of April 7, 2022 Beth McKenna has no position in any of the stocks mentioned.
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3D Systems stock is underwater by 35.1% so far this year. Revenue $134.2 million $157.6 million 17% Adjusted earnings per share (EPS) ($0.06) ($0.04) Loss expected to narrow 33% Data sources: Stratasys and Yahoo! For context, in the fourth quarter of 2021, Stratasys' revenue jumped 17% to $167 million, surpassing the $165 million Wall Street had expected, as well as the company's guidance of 16% growth.
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716512.0
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2022-04-20 00:00:00 UTC
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3D Systems Earnings: What to Watch on May 9
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DDD
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https://www.nasdaq.com/articles/3d-systems-earnings%3A-what-to-watch-on-may-9
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2022 results after the market close on Monday, May 9. An analyst conference call is scheduled for the next day at 8:30 a.m. ET.
Last year, the 3D printing company beat Wall Street's consensus estimates for both revenue and earnings in all four quarters. Moreover, three of the four earnings beats were large. In addition, its revenue guidance for full-year 2022, which it issued last quarter, was higher than analysts had been expecting.
While 3D Systems' turnaround efforts are solidly progressing, the company is still not profitable on the basis of generally accepted accounting principles (GAAP).
3D Systems stock is down 25.6% over the one-year period through April 19. This performance trails that of the broader market, with the S&P 500 and tech-heavy Nasdaq Composite returning 8.7% and negative 1.5%, respectively, over this period. For additional context, fellow pure-play 3D printing stocks Stratasys and Desktop Metal are up 1.8% and down 65.4%, respectively, over the last year.
Here's what to watch in 3D Systems' Q1 report.
Image source: Getty Images.
3D Systems' key numbers
Below are the company's results from the year-ago quarter and Wall Street's consensus estimates to use as benchmarks.
METRIC Q1 2021 RESULT WALL STREET'S Q1 2022 CONSENSUS ESTIMATE WALL STREET'S PROJECTED YEAR-OVER-YEAR CHANGE
Revenue $146.1 million $134.2 million (8.1%)
Adjusted earnings per share (EPS) $0.17 $0.00 (100%)
Data sources: 3D Systems and Yahoo! Finance.
The year-over-year revenue decline is expected because 3D Systems has sold off some noncore assets over the last year. The bottom line is expected to be hurt in part because of the revenue decline. Moreover, the company is facing a tough year-over-year earnings comparable.
For context, in the fourth quarter of 2021, 3D Systems' revenue declined 13% year over year to $150.9 million. However, excluding the impact of divestitures, revenue increased 13%. The top-line result sped by the $144.2 million Wall Street consensus estimate. By segment, healthcare and industrial sales declined 13% and 12%, respectively. Adjusted for divestitures, their sales increased 5.1% and 22.1%, respectively.
Last quarter's adjusted net income was $11.5 million, or $0.09 per share, which was flat with the year-ago period. That result crushed the adjusted EPS of $0.03 that analysts had projected.
Guidance
It doesn't seem likely that management will provide quarterly guidance. Last quarter, it released its outlook for full-year 2022. Any notable change in this outlook will probably move the stock. That said, management probably won't tweak its annual guidance this soon into the year.
For 2022, the company guided for revenue in the range of $570 million to $630 million. This represents a contraction of about 7% to growth of 2% year over year. These numbers reflect the company's divestiture of noncore assets in 2021.
Also, for the year, the company expects adjusted gross margin between 40% and 44% and adjusted operating expenses between $225 million and $250 million. In 2021, these metrics were 43% and $214.7 million, respectively.
Management did not provide earnings guidance.
10 stocks we like better than 3D Systems
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2022 results after the market close on Monday, May 9. Last year, the 3D printing company beat Wall Street's consensus estimates for both revenue and earnings in all four quarters. While 3D Systems' turnaround efforts are solidly progressing, the company is still not profitable on the basis of generally accepted accounting principles (GAAP).
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2022 results after the market close on Monday, May 9. Last year, the 3D printing company beat Wall Street's consensus estimates for both revenue and earnings in all four quarters. 3D Systems' key numbers Below are the company's results from the year-ago quarter and Wall Street's consensus estimates to use as benchmarks.
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2022 results after the market close on Monday, May 9. Revenue $146.1 million $134.2 million (8.1%) Adjusted earnings per share (EPS) $0.17 $0.00 (100%) Data sources: 3D Systems and Yahoo! For context, in the fourth quarter of 2021, 3D Systems' revenue declined 13% year over year to $150.9 million.
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3D Systems (NYSE: DDD) is slated to report its first-quarter 2022 results after the market close on Monday, May 9. Last year, the 3D printing company beat Wall Street's consensus estimates for both revenue and earnings in all four quarters. Revenue $146.1 million $134.2 million (8.1%) Adjusted earnings per share (EPS) $0.17 $0.00 (100%) Data sources: 3D Systems and Yahoo!
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6a596f18-4dba-4130-bcfd-f3f7635fac50
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716513.0
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2022-04-14 00:00:00 UTC
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New Strong Sell Stocks for April 14th
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-april-14th
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
3D Systems Corporation DDD is a 3D printing and digital manufacturing solutions providing company. The Zacks Consensus Estimate for its current year earnings has been revised 38.1% downward over the last 60 days.
Bally’s Corporation BALY is a gaming, hospitality and entertainment company. The Zacks Consensus Estimate for its current year earnings has been revised 114.6% downward over the last 60 days.
Greenhill & Co., Inc. GHL is an independent investment bank. The Zacks Consensus Estimate for its current year earnings has been revised 18.2% downward over the last 60 days.
View the entire Zacks Rank #5 List.
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3D Systems Corporation (DDD): Free Stock Analysis Report
Greenhill & Co., Inc. (GHL): Free Stock Analysis Report
Bally's Corporation (BALY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD is a 3D printing and digital manufacturing solutions providing company. 3D Systems Corporation (DDD): Free Stock Analysis Report The Zacks Consensus Estimate for its current year earnings has been revised 38.1% downward over the last 60 days.
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3D Systems Corporation (DDD): Free Stock Analysis Report Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD is a 3D printing and digital manufacturing solutions providing company. Greenhill & Co., Inc. (GHL): Free Stock Analysis Report
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD is a 3D printing and digital manufacturing solutions providing company. 3D Systems Corporation (DDD): Free Stock Analysis Report Bally's Corporation (BALY): Free Stock Analysis Report
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD is a 3D printing and digital manufacturing solutions providing company. 3D Systems Corporation (DDD): Free Stock Analysis Report See Stocks Now >>
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626aab43-f66b-48e8-8667-72755ea35bd1
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2022-04-11 00:00:00 UTC
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New Strong Sell Stocks for April 11th
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DDD
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-april-11th
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
3D Systems Corporation DDD is a 3D printing and digital manufacturing solutions company. The Zacks Consensus Estimate for its current year earnings has been revised 38.1% downward over the last 60 days.
Adaptimmune Therapeutics plc ADAP is a clinical-stage biopharmaceutical company. The Zacks Consensus Estimate for its current year earnings has been nearly 18.7% downward over the last 60 days.
Akoya Biosciences, Inc. AKYA is a life-sciences technology company. The Zacks Consensus Estimate for its current year earnings has been revised 18.4% downward over the last 60 days.
View the entire Zacks Rank #5 List.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
3D Systems Corporation (DDD): Free Stock Analysis Report
Adaptimmune Therapeutics PLC (ADAP): Free Stock Analysis Report
Akoya Biosciences, Inc. (AKYA): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD is a 3D printing and digital manufacturing solutions company. 3D Systems Corporation (DDD): Free Stock Analysis Report The Zacks Consensus Estimate for its current year earnings has been revised 38.1% downward over the last 60 days.
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3D Systems Corporation (DDD): Free Stock Analysis Report Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD is a 3D printing and digital manufacturing solutions company. Adaptimmune Therapeutics PLC (ADAP): Free Stock Analysis Report
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD is a 3D printing and digital manufacturing solutions company. 3D Systems Corporation (DDD): Free Stock Analysis Report Adaptimmune Therapeutics PLC (ADAP): Free Stock Analysis Report
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD is a 3D printing and digital manufacturing solutions company. 3D Systems Corporation (DDD): Free Stock Analysis Report Today, you can download 7 Best Stocks for the Next 30 Days.
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4b80604d-cda6-40fb-a6a9-354c519ccec8
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716515.0
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2022-04-05 00:00:00 UTC
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3D Systems (DDD) Introduces New Stereolithography Printers
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DDD
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https://www.nasdaq.com/articles/3d-systems-ddd-introduces-new-stereolithography-printers
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3D Systems DDD recently boosted its stereolithography (SLA) printer portfolio by introducing two new printers – SLA 750 and SLA 750 Dual. Designed to address large format or high-volume production applications, the two additive manufacturing (AM) solutions are claimed to be the company’s fastest SLA printers.
The SLA 750 AM solution is a single-laser configuration that delivers up to 30% faster print speed than previous-generation SLA printers. The SLA 750 printer can be upgradable on-site to the SLA 750 Dual model, which is a synchronous, dual-laser system. The SLA 750 Dual delivers up to two times faster print speed and up to three times faster throughput compared with previous-generation SLA printers.
3D Systems noted that the two printers have a 15% larger build envelope and smaller hardware footprint than previous models that allow manufacturers to optimize and scale production. Moreover, both printers come with 3D Sprint, all-in-one software to prepare, optimize and print 3D CAD (three-dimensional computer-aided design) data.
The 3D Sprint software offers all the necessary tools required to quickly and efficiently move from design to high-quality, true-to-CAD printed parts production, thereby eliminating the need to rely on multiple software packages.
DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022.
3D Systems Corporation Price and Consensus
3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote
New Material for SLA Printers
3D Systems rolled out a new material — Accura AMX Durable Natural — designed to be used with the company’s SLA technology. The 3D printer manufacturer claims that Accura AMX Durable Natural is the industry’s toughest production-grade SLA resin, which can withstand repeated high mechanical loads and shocks.
3D Systems revealed that the resin has gone through a mechanical performance test for up to eight years of indoor and 1.5 years of an outdoor environment. It noted that the material is ideal for end-use applications in markets across transportation & motorsports, consumer technology & durable goods, manufacturing services, aerospace and healthcare.
Per 3D Systems, the Accura AMX Durable Natural resin is immediately available on order.
New Faster Post-Processing System
The company introduced a new industrial-scale, post-processing system – PostCure 1050. The 3D printing solution provider stated that the system offers high-volume, high-speed drying and curing for batch jobs and large parts up to 1050mm x 750mm x 600mm.
3D Systems claims that PostCure 1050 delivers cure times and throughput that are five times faster than comparable solutions in the market. The new post-processing system is compatible with all 3D Systems resin printers and suitable for all current and future material innovations.
The company plans to make the general availability of PostCure 1050 in the third quarter of 2022.
Efforts to Enhance 3D Printing Capabilities
With the booming 3D printing industry, the company’s focus on this market presents a favorable long-term opportunity. A majority of 3D Systems customers are shifting from prototyping to end-use production using 3D printing technology and the company believes it is well-positioned to aid them in their transformation. It anticipates that robust demand for production printers, materials and software will continue to act as a major catalyst in the days to come, thereby driving growth.
3D technology has the potential to revolutionize manufacturing and improve the commercial space. Various companies, ranging from hospital managers to car manufacturers, are now opting for varied 3D solutions to address simple make-to-stock orders and complex, engineer-to-order production strategies.
Consequently, the company has been expanding its operational processes to meet the rising demand across diverse sectors. For instance, sectors like automotive, consumer products, government and defense, industrial/business machines, education research and others (arts and architecture) are expected to spur further demand for 3D printing products. Apart from these, aerospace and the trillion-dollar oil & gas industry are showing a penchant for 3D printing too, which will aid the company’s growth in the future.
Moreover, 3D Systems has been making acquisitions to diversify its offerings, add synergistic technology and expand the company’s domain expertise in operating markets. DDD secured an important place in sectors like manufacturing, medical and aerospace while pursuing unconventional sectors like food and fashion. 3D Systems expects its portfolio of innovative products to drive more than 30% organic growth over the next couple of years, thereby enhancing its margins and earnings.
However, 3D Systems’ near-term profitability is likely to continue to be hurt by incremental sales generated from lower-margin products. The company is trying to boost margins by lowering operating expenses. We opine that it will be a tough task for the company to lower operating expenses as it will have to continue investing in marketing and research & development to generate higher sales, which will weigh on the company’s operating margins.
Zacks Rank & Stocks to Consider
3D Systems currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks from the broader technology sector include Jabil JBL, Broadcom AVGO and Apple AAPL. While Jabil sports a Zacks Rank #1 (Strong Buy), Broadcom and Apple each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Jabil’s third-quarter fiscal 2022 earnings has been revised upward to $1.62 per share from $1.46 30 days ago. For fiscal 2022, earnings estimates have been revised upward by 67 cents to $7.25 per share in the past 30 days.
Jabil’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 13.5%. Shares of JBL have rallied 15.3% in the trailing 12 months.
The Zacks Consensus Estimate for Broadcom’s second-quarter fiscal 2022 earnings has been revised upward by 10.2% to $8.64 per share over the past 30 days. For fiscal 2022, earnings estimates have moved upward by 7.1% to $35.49 per share over the past 30 days.
Broadcom’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 1.9%. Shares of AVGO have rallied 30% over the past year.
The Zacks Consensus Estimate for Apple’s second-quarter fiscal 2022 earnings has been revised upward by seven cents to $1.43 per share over the past 90 days. For fiscal 2022, earnings estimates have moved upward by a penny to $6.16 per share in the past 60 days.
Apple’s earnings beat the Zacks Consensus Estimate thrice in the preceding four quarters while meeting the same on one occasion, the average surprise being 20.3%. AAPL stock has soared 41.7% in the past 12 months.
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Apple Inc. (AAPL): Free Stock Analysis Report
Jabil, Inc. (JBL): Free Stock Analysis Report
Broadcom Inc. (AVGO): Free Stock Analysis Report
3D Systems Corporation (DDD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems DDD recently boosted its stereolithography (SLA) printer portfolio by introducing two new printers – SLA 750 and SLA 750 Dual. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. DDD secured an important place in sectors like manufacturing, medical and aerospace while pursuing unconventional sectors like food and fashion.
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3D Systems DDD recently boosted its stereolithography (SLA) printer portfolio by introducing two new printers – SLA 750 and SLA 750 Dual. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. DDD secured an important place in sectors like manufacturing, medical and aerospace while pursuing unconventional sectors like food and fashion.
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3D Systems DDD recently boosted its stereolithography (SLA) printer portfolio by introducing two new printers – SLA 750 and SLA 750 Dual. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. DDD secured an important place in sectors like manufacturing, medical and aerospace while pursuing unconventional sectors like food and fashion.
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3D Systems DDD recently boosted its stereolithography (SLA) printer portfolio by introducing two new printers – SLA 750 and SLA 750 Dual. DDD plans for the general availability of SLA 750 in the second quarter of 2022, while SLA 750 Dual is planned to be made available in the fourth quarter of 2022. DDD secured an important place in sectors like manufacturing, medical and aerospace while pursuing unconventional sectors like food and fashion.
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2022-03-31 00:00:00 UTC
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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
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DDD
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https://www.nasdaq.com/articles/cathie-wood-goes-bargain-hunting%3A-3-stocks-she-just-bought-12
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It's always good to keep an eye on the transaction reports that Cathie Wood puts out every trading day. The CEO, co-founder, and ace stock picker for the Ark Invest family of exchange-traded funds (ETFs) hasn't been doing a lot of buying as her growth stocks are rallying, making her handful of purchases stand out.
3D Systems (NYSE: DDD), Coinbase Global (NASDAQ: COIN), and Adaptive Biotechnologies (NASDAQ: ADPT) are three of the stocks that Ark Invest bought on Wednesday. What does Wood see in these three fast-growing companies? Let's take a closer look.
Image source: Getty Images.
3D Systems
Wood has taken a shine to a couple of 3D printing stocks lately, and that also includes one of the original leaders among publicly traded players. Wood had been lightening her position in 3D Systems over the past two months, but on Wednesday she added to her stake for the first time since mid-January.
3D Systems posted fresh financials at the end of February, and the results are encouraging once you dig beneath the surface. Revenue did decline 13% to $150.9 million, but back out the revenue from its divested businesses a year earlier and it's actually a gain of 13%. The red ink continues on a reported basis, but it's substantially narrower now. The bottom line is positive on an adjusted basis, and up 9% to $0.09 a share. It was a blowout performance on both ends of the income statement, as Wall Street was banking on an adjusted profit of just $0.04 a share on $144 million in revenue.
The shares initially soared on the report, only to give back those gains after investors reflected on guidance for the year ahead. 3D Systems' revenue outlook was better than the market was expecting, but the rest of its outlook suggests that margins could come under pressure on the way down to the bottom line.
Coinbase Global
Wood adding to her stake in the world's largest cryptocurrency exchange isn't new. She's been nibbling away at Coinbase all year. It's now her third-largest holding across her combined ETF assets. The explosive growth that Coinbase showed early in its brief publicly traded tenure has slowed considerably, and the initial burst of profitability also merited a few asterisks that would question the sustainability.
The stock isn't as cheap as the trailing earnings multiple in the low teens suggests. Coinbase is trading for more than 60 times next year's projected net income, but it's still a leader in a market that is starting to show signs of life this month.
Coinbase is a broken initial public offering right now, trading more than 20% below last year's reference price of $250. Wild swings in trading volume and regulatory fears are weighing on both the crypto market in general and the financial prospects for Coinbase in particular. It's still the bellwether for trading in digital currencies, and it's clear that Wood is a believer in cryptocurrencies.
Adaptive Biotechnologies
Wood has surprisingly not done a lot of buying this month, but one name really stands out. She has added to her Adaptive Biotechnologies position in 14 of the last 18 market days, including each of the last eight trading sessions. The small biotech stock commands a market cap just shy of $2 billion, tiny by Wood standards.
This is a swing for the fences as it focuses its immune system genetic sequencing technology to tackle residual disease and immune medicine. Earlier this month it laid off 12% of its workforce, and just last week its chief medical officer resigned. Adaptive's CFO cleared out in January. Wood obviously sees something here that the market may be missing. The stock has shed two-thirds of its value since peaking 13 months ago.
Adaptive's struggling with a lack of profitability like many biotech upstarts, but it is generating decent revenue growth. The stock is up nearly 20% since the latest buying spree, and it's fair to wonder if all of her buying is helping push the stock higher.
10 stocks we like better than 3D Systems
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 3, 2022
Rick Munarriz owns Coinbase Global, Inc. The Motley Fool owns and recommends Coinbase Global, Inc. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD), Coinbase Global (NASDAQ: COIN), and Adaptive Biotechnologies (NASDAQ: ADPT) are three of the stocks that Ark Invest bought on Wednesday. The explosive growth that Coinbase showed early in its brief publicly traded tenure has slowed considerably, and the initial burst of profitability also merited a few asterisks that would question the sustainability. Coinbase is trading for more than 60 times next year's projected net income, but it's still a leader in a market that is starting to show signs of life this month.
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3D Systems (NYSE: DDD), Coinbase Global (NASDAQ: COIN), and Adaptive Biotechnologies (NASDAQ: ADPT) are three of the stocks that Ark Invest bought on Wednesday. The Motley Fool owns and recommends Coinbase Global, Inc. The Motley Fool recommends 3D Systems.
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3D Systems (NYSE: DDD), Coinbase Global (NASDAQ: COIN), and Adaptive Biotechnologies (NASDAQ: ADPT) are three of the stocks that Ark Invest bought on Wednesday. The CEO, co-founder, and ace stock picker for the Ark Invest family of exchange-traded funds (ETFs) hasn't been doing a lot of buying as her growth stocks are rallying, making her handful of purchases stand out. 3D Systems Wood has taken a shine to a couple of 3D printing stocks lately, and that also includes one of the original leaders among publicly traded players.
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3D Systems (NYSE: DDD), Coinbase Global (NASDAQ: COIN), and Adaptive Biotechnologies (NASDAQ: ADPT) are three of the stocks that Ark Invest bought on Wednesday. The bottom line is positive on an adjusted basis, and up 9% to $0.09 a share. She has added to her Adaptive Biotechnologies position in 14 of the last 18 market days, including each of the last eight trading sessions.
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2022-03-30 00:00:00 UTC
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3D Systems (DDD) Up 1.8% Since Last Earnings Report: Can It Continue?
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DDD
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https://www.nasdaq.com/articles/3d-systems-ddd-up-1.8-since-last-earnings-report%3A-can-it-continue
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It has been about a month since the last earnings report for 3D Systems (DDD). Shares have added about 1.8% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is 3D Systems due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
3D Systems' Q4 Earnings & Revenues Surpass Estimates
3D Systems reported fourth-quarter 2021 non-GAAP earnings of 9 cents per share, beating the Zacks Consensus Estimate of 3 cents per share. The bottom line remained flat year over year.
In the fourth quarter of 2021, 3D Systems reported revenues of $150.9 million, down 12.6% from the year-ago quarter and 3.5% from the previous quarter. Excluding the impact of business divestments in 2021, revenues surged 13.1% year over year. The top line outpaced the consensus mark of $144.6 million.
Top-Line Details
In the fourth quarter, product revenues represented 77.9% of the total revenues and jumped 4.5% to $117.6 million. Meanwhile, revenues from Services, which accounted for 22.1% of revenues, plunged 44.6% year over year to $33.3 million.
Revenues from the Healthcare segment fell 12.9% year over year to $74.5 million. The figure declined 2.5% from the prior quarter. Excluding the impact of business divestments in 2021, the segment’s revenues increased 5.1% year over year.
The industrial division revenues decreased 12.3% year over year to $76.4 million and 4.1% sequentially. Excluding the impact of business divestments in 2021, the unit’s revenues increased 22.2%. The company witnessed solid demand for products as well as materials.
Operating Details
During the fourth quarter of 2021, 3D Systems’ non-GAAP gross profit decreased 10.3% year over year to $66.5 million. However, non-GAAP gross profit margin expanded 120 basis points (bps) to 44.1%. This increase was driven by high production levels and improved inventory management caused by increased supply chain resilience.
Non-GAAP operating expenses decreased 6.4% to $54.3 million. The downside was due to savings achieved from cost restructuring activities, and reduced SG&A expenses.
Non-GAAP operating income declined 23.6% to $12.3 million.
Adjusted EBITDA was $17.9 million. The margin of 11.8% reflected disciplined approach to growth, cost management and focus on core businesses..
Balance Sheet Details
The global leader in additive manufacturing solutions exited the fourth quarter with cash and cash equivalents of $789.7 million, significantly higher from the prior quarter’s $502.8 million. As of Dec 31, 2021, 3D Systems had a total debt of $460 million.
During the full-year 2021, the company generated $48.1 million of operating cash flow.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -181.25% due to these changes.
VGM Scores
At this time, 3D Systems has a poor Growth Score of F, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise 3D Systems has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
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3D Systems Corporation (DDD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It has been about a month since the last earnings report for 3D Systems (DDD). 3D Systems Corporation (DDD): Free Stock Analysis Report Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
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It has been about a month since the last earnings report for 3D Systems (DDD). 3D Systems Corporation (DDD): Free Stock Analysis Report 3D Systems' Q4 Earnings & Revenues Surpass Estimates 3D Systems reported fourth-quarter 2021 non-GAAP earnings of 9 cents per share, beating the Zacks Consensus Estimate of 3 cents per share.
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It has been about a month since the last earnings report for 3D Systems (DDD). 3D Systems Corporation (DDD): Free Stock Analysis Report 3D Systems' Q4 Earnings & Revenues Surpass Estimates 3D Systems reported fourth-quarter 2021 non-GAAP earnings of 9 cents per share, beating the Zacks Consensus Estimate of 3 cents per share.
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It has been about a month since the last earnings report for 3D Systems (DDD). 3D Systems Corporation (DDD): Free Stock Analysis Report Operating Details During the fourth quarter of 2021, 3D Systems’ non-GAAP gross profit decreased 10.3% year over year to $66.5 million.
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f65a59e4-87dc-4bb8-9211-1fb88a2cfc4c
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716518.0
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2022-03-29 00:00:00 UTC
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New Strong Sell Stocks for March 29th
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DDD
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-march-29th
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nan
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nan
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
Bally's BALY owns and manages casinos, horse racetrack and authorized OTB licenses principally in Colorado. The Zacks Consensus Estimate for its current year earnings has been revised 114.6% downward over the last 60 days.
3D Systems DDD is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. The Zacks Consensus Estimate for its current year earnings has been revised 38.1% downward over the last 60 days.
Aviva AVVIY is the leading provider of indexed annuity and indexed life insurance products. The Zacks Consensus Estimate for its current year earnings has been revised almost 12.1% downward over the last 60 days.
View the entire Zacks Rank #5 List.
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The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free.Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
3D Systems Corporation (DDD): Free Stock Analysis Report
Aviva PLC (AVVIY): Free Stock Analysis Report
Bally's Corporation (BALY): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems DDD is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. 3D Systems Corporation (DDD): Free Stock Analysis Report Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Bally's BALY owns and manages casinos, horse racetrack and authorized OTB licenses principally in Colorado.
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3D Systems Corporation (DDD): Free Stock Analysis Report 3D Systems DDD is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. Aviva PLC (AVVIY): Free Stock Analysis Report
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3D Systems Corporation (DDD): Free Stock Analysis Report 3D Systems DDD is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: Bally's BALY owns and manages casinos, horse racetrack and authorized OTB licenses principally in Colorado.
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3D Systems DDD is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. 3D Systems Corporation (DDD): Free Stock Analysis Report Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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716519.0
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2022-03-29 00:00:00 UTC
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3 3D Printing Stocks to Buy as Additive Manufacturing Goes Mainstream
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DDD
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https://www.nasdaq.com/articles/3-3d-printing-stocks-to-buy-as-additive-manufacturing-goes-mainstream
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
3D printing technology has been around for over 30 years, but it’s still yet to go mainstream. Despite its disruptive potential and optimistic growth projections, it hasn’t caught on with daily life. Nevertheless, we have seen the massive potential of additive manufacturing during the pandemic and its ability to streamline supply chains.
Moreover, 3D printing will cease becoming a niche technology with data analytics, the Internet of Things, AI and other phenomena. Hence, early investing in 3D printing stocks can offer multi-bagger returns down the line.
Industrial 3D printing has taken off in the past few years in a big way. The technology has moved quickly from tooling, prototyping, and trinkets. Additive manufacturing enables customers to develop safe and durable products in sizeable quantities. According to Grandview Research, the 3D printing market will grow at a staggering 21% CAGR from 2021 to 2028.
7 Retail Stocks Worth a Buy Now
Having said that, let’s look at three of the needle-movers in the 3D printing space that are poised for big gains in the future.
Stratasys (NASDAQ:SSYS)
Desktop Metal (NYSE:DM)
3D Systems (NYSE:DDD)
All three are among the 61 stocks in The 3D Printing ETF (BATS:PRNT) portfolio, with both DM and SSYS stock among the top 10 holdings. (see price chart below) That exchange-traded fund is one of ARK Invest’s index-tracking offerings, though the firm is better known for its actively managed products. It has an expense ratio of 0.66%.
Click to Enlarge
3D Printing Stocks to Buy: Stratasys (SSYS)
Source: Lutsenko_Oleksandr / Shutterstock.com
Stratasys is one of the top 3D manufacturers for parts development and rapid prototyping. SSYS stock was all hype for the past several years, offering little value for its investors. However, looking at the step changes in its sector, the firm will enter its stride and grow its business aggressively.
The quality of 3D printing is improving, and industries are seeing its value in reducing supply-chain bottlenecks.
Coupled with other technologies, the industry is set to boom, and Stratasys has set itself up from robust growth ahead. It has acquired several companies in expanding its competencies, such as Xaar 3D, which can make it an industrial 3D printing juggernaut.
Moreover, its double-digit top-line expansion is already showing the effects of the new growth cycle. However, the market is underplaying the long-term potential for SSYS stock, which presents an excellent buying opportunity.
Desktop Metal (DM)
Source: shutterstock.com/Alex_Traksel
Desktop Metal is an additive manufacturing specialist, offering its customers a wide range of solutions and services.
DM stock has been on a negative run since listing on the New York Stock Exchange in December 2020. However, the investor skepticism was perhaps justified, considering how its share price got way ahead of its expectations.
Moreover, the frequent delays in its highly touted Production System P-50 were partly to blame for its stock’s weakness. Nevertheless, the first P-50 was shipped to industrial giant Stanley Black & Decker (NYSE:SWK) in February, and sales should start picking up in the not-so-distant future.
7 Dividend Stocks That Can Withstand Inflation
Its business is on fire, posting $112.4 million in revenue last year, representing 582.5% growth from 2020. Gross margins remain impressive at 16%, suggesting it could become profitable in a few years. DM stock trades dirt cheap based on its spectacular fundamentals and future estimates.
3D Printing Stocks to Buy: 3D Systems (DDD)
Source: Image via 3D Systems
3D Systems is a South Carolina-based 3D printing company that has made great strides in healthcare and industrial markets.
It has steadily expanded into attractive sectors in the past couple of years and improved its industry-specific abilities. Hence, it was busy on the mergers and acquisitions front last year, cementing its market share in bioprinting, regenerative medicine, and other related niches.
Its 2021 operating results were impressive and pointed to an exciting time ahead. Its sales grew 31.8% from the prior-year period after adjusting for divestitures. Moreover, its net income increased to $322.1 million compared to a loss of $149.6 million last year.
Additionally, it expects its revenues to surpass analyst estimates on both lines comfortably this year. DDD stock is currently trading at a price-to-sales multiple of 4.19 times, and near the low end of its 52-week range.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
The post 3 3D Printing Stocks to Buy as Additive Manufacturing Goes Mainstream appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stratasys (NASDAQ:SSYS) Desktop Metal (NYSE:DM) 3D Systems (NYSE:DDD) All three are among the 61 stocks in The 3D Printing ETF (BATS:PRNT) portfolio, with both DM and SSYS stock among the top 10 holdings. 3D Printing Stocks to Buy: 3D Systems (DDD) Source: Image via 3D Systems 3D Systems is a South Carolina-based 3D printing company that has made great strides in healthcare and industrial markets. DDD stock is currently trading at a price-to-sales multiple of 4.19 times, and near the low end of its 52-week range.
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Stratasys (NASDAQ:SSYS) Desktop Metal (NYSE:DM) 3D Systems (NYSE:DDD) All three are among the 61 stocks in The 3D Printing ETF (BATS:PRNT) portfolio, with both DM and SSYS stock among the top 10 holdings. 3D Printing Stocks to Buy: 3D Systems (DDD) Source: Image via 3D Systems 3D Systems is a South Carolina-based 3D printing company that has made great strides in healthcare and industrial markets. DDD stock is currently trading at a price-to-sales multiple of 4.19 times, and near the low end of its 52-week range.
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Stratasys (NASDAQ:SSYS) Desktop Metal (NYSE:DM) 3D Systems (NYSE:DDD) All three are among the 61 stocks in The 3D Printing ETF (BATS:PRNT) portfolio, with both DM and SSYS stock among the top 10 holdings. 3D Printing Stocks to Buy: 3D Systems (DDD) Source: Image via 3D Systems 3D Systems is a South Carolina-based 3D printing company that has made great strides in healthcare and industrial markets. DDD stock is currently trading at a price-to-sales multiple of 4.19 times, and near the low end of its 52-week range.
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Stratasys (NASDAQ:SSYS) Desktop Metal (NYSE:DM) 3D Systems (NYSE:DDD) All three are among the 61 stocks in The 3D Printing ETF (BATS:PRNT) portfolio, with both DM and SSYS stock among the top 10 holdings. 3D Printing Stocks to Buy: 3D Systems (DDD) Source: Image via 3D Systems 3D Systems is a South Carolina-based 3D printing company that has made great strides in healthcare and industrial markets. DDD stock is currently trading at a price-to-sales multiple of 4.19 times, and near the low end of its 52-week range.
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716520.0
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2022-03-25 00:00:00 UTC
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3D Systems (DDD), Enhatch Boost Personalized Medical Delivery
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DDD
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https://www.nasdaq.com/articles/3d-systems-ddd-enhatch-boost-personalized-medical-delivery
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3D Systems DDD announced that it has inked a partnership with the Hoboken-based Intelligent Surgery Ecosystem developer — Enhatch — to jointly design and deliver patient-specific medical devices.
Founded in 2012, Enhatch develops software applications powered by artificial intelligence to streamline surgical elements. Utilizing advanced analytics, it evaluates and mitigates potential risks in the surgical planning process. Its data-driven technology aids surgeons and medical device companies to spend less time on surgical plannings and more time on their patients.
Enhatch’s Intelligent Surgery Ecosystem is an end-to-end technology platform delivering intelligent surgery solutions, which elevate patient care to new heights. Incorporating Enhatch's advanced technologies into its medical device workflow for developing patient-specific solutions, 3D Systems will be able to meet the growing demand for personalized medical devices more efficiently.
This alliance will help 3D Systems generate an optimized, automated and scalable workflow making surgical processes trackable and cost-efficient.
3D Systems Corporation Price and Consensus
3D Systems Corporation price-consensus-chart | 3D Systems Corporation Quote
3D Systems is currently witnessing robust prospects across most of its end business. DDD remains bullish on the prospects of its healthcare business. The consistent demand for printers and materials for medical and dental customers is fueling this segment’s growth.
The company is focusing on strategic initiatives like improving existing 3D printers, strengthening partnerships and enhancing productivity to drive growth. In February, it teamed up with Saremco Dental AG to accelerate innovation in digital dentistry. This strategic partnership intends to combine the power of 3D Systems’ NextDent digital dentistry solution with Saremco’s materials science expertise, enabling dental laboratories and clinics to address a variety of indications with unparalleled accuracy, productivity and lower costs.
Zacks Rank & Key Picks
3D Systems currently carries a Zacks Rank #4 (Sell). Shares of DDD have plunged 39.8% in the past year.
Some better-ranked stocks from the broader computer and technology sector are Advanced Micro Devices AMD, sporting a Zacks Rank #1 (Strong Buy), and Axcelis Technologies ACLS and Analog Devices ADI, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Advanced Micro Devices’ first-quarter fiscal 2022 earnings has been revised upward by 23 cents to 91 cents per share over the past 60 days. For fiscal 2022, Advanced Micro Devices’ earnings estimates have moved south by a penny to $3.99 per share in the past 30 days.
AMD’s earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 17%. Shares of Advanced Micro Devices have surged 58.1% in the past year.
The Zacks Consensus Estimate for Axcelis’ first-quarter 2022 earnings has been revised by 5 cents upward to 92 cents per share over the past 60 days. For 2022, Axcelis’ earnings estimates have moved north by 12.4% to $3.99 per share in the past 60 days.
Axcelis’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 30.3%. Shares of ACLS have soared 122.6% in the past year.
The Zacks Consensus Estimate for Analog Devices’ second-quarter fiscal 2022 earnings has been revised upward by 23 cents to $2.08 per share over the past 60 days. For fiscal 2022, earnings estimates have moved north by 79 cents to $8.32 per share in the past 60 days.
Analog Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 6%. Shares of ADI have increased 10% in the past year.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Analog Devices, Inc. (ADI): Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
Axcelis Technologies, Inc. (ACLS): Free Stock Analysis Report
3D Systems Corporation (DDD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems DDD announced that it has inked a partnership with the Hoboken-based Intelligent Surgery Ecosystem developer — Enhatch — to jointly design and deliver patient-specific medical devices. DDD remains bullish on the prospects of its healthcare business. Shares of DDD have plunged 39.8% in the past year.
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3D Systems DDD announced that it has inked a partnership with the Hoboken-based Intelligent Surgery Ecosystem developer — Enhatch — to jointly design and deliver patient-specific medical devices. DDD remains bullish on the prospects of its healthcare business. Shares of DDD have plunged 39.8% in the past year.
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3D Systems DDD announced that it has inked a partnership with the Hoboken-based Intelligent Surgery Ecosystem developer — Enhatch — to jointly design and deliver patient-specific medical devices. DDD remains bullish on the prospects of its healthcare business. Shares of DDD have plunged 39.8% in the past year.
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3D Systems Corporation (DDD): Free Stock Analysis Report 3D Systems DDD announced that it has inked a partnership with the Hoboken-based Intelligent Surgery Ecosystem developer — Enhatch — to jointly design and deliver patient-specific medical devices. DDD remains bullish on the prospects of its healthcare business.
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0845eb0c-c08a-4987-b429-61cf7deff5aa
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716521.0
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2022-03-25 00:00:00 UTC
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New Strong Sell Stocks for March 25th
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DDD
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-march-25th
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nan
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
3D Systems DDD: is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. The Zacks Consensus Estimate for its current year earnings has been revised 38.1% downward over the last 60 days.
Adaptimmune Therapeutics ADAP: is a biopharmaceutical company that is focused on cancer immunotherapy products based on T-cell receptor platform. The Zacks Consensus Estimate for its current year earnings has been revised 9.1% downward over the last 60 days.
Advantage Solutions ADV: is a business solutions provider for consumer goods manufacturers and retailers. The Zacks Consensus Estimate for its current year earnings has been revised almost 8.5% downward over the last 60 days.
View the entire Zacks Rank #5 List.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
3D Systems Corporation (DDD): Free Stock Analysis Report
Adaptimmune Therapeutics PLC (ADAP): Free Stock Analysis Report
Advantage Solutions Inc. (ADV): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems DDD: is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. 3D Systems Corporation (DDD): Free Stock Analysis Report The Zacks Consensus Estimate for its current year earnings has been revised 38.1% downward over the last 60 days.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems DDD: is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. 3D Systems Corporation (DDD): Free Stock Analysis Report Adaptimmune Therapeutics PLC (ADAP): Free Stock Analysis Report
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems DDD: is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. 3D Systems Corporation (DDD): Free Stock Analysis Report Just Released: Zacks' 7 Best Stocks for Today Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems DDD: is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. 3D Systems Corporation (DDD): Free Stock Analysis Report Click to get this free report
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716522.0
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2022-03-24 00:00:00 UTC
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Interesting DDD Put And Call Options For May 6th
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DDD
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https://www.nasdaq.com/articles/interesting-ddd-put-and-call-options-for-may-6th
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the May 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new May 6th contracts and identified one put and one call contract of particular interest.
The put contract at the $15.50 strike price has a current bid of $1.06. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $15.50, but will also collect the premium, putting the cost basis of the shares at $14.44 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $15.72/share today.
Because the $15.50 strike represents an approximate 1% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 58%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.84% return on the cash commitment, or 58.05% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp., and highlighting in green where the $15.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $16.00 strike price has a current bid of $1.04. If an investor was to purchase shares of DDD stock at the current price level of $15.72/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $16.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.40% if the stock gets called away at the May 6th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $16.00 strike highlighted in red:
Considering the fact that the $16.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 47%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 6.62% boost of extra return to the investor, or 56.16% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 144%, while the implied volatility in the call contract example is 143%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $15.72) to be 80%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the May 6th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the May 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new May 6th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the May 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new May 6th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new May 6th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the May 6th expiration.
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0360cc60-94ea-4e32-a606-a30bf64b9e95
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716523.0
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2022-03-24 00:00:00 UTC
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Peek Under The Hood: IJT Has 27% Upside
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DDD
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https://www.nasdaq.com/articles/peek-under-the-hood%3A-ijt-has-27-upside
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares S&P Small-Cap 600 Growth ETF (Symbol: IJT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $159.18 per unit.
With IJT trading at a recent price near $125.02 per unit, that means that analysts see 27.32% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IJT's underlying holdings with notable upside to their analyst target prices are 3D Systems Corp. (Symbol: DDD), Stewart Information Services Corp (Symbol: STC), and Stewart Information Services Corp (Symbol: STC). Although DDD has traded at a recent price of $15.83/share, the average analyst target is 52.87% higher at $24.20/share. Similarly, STC has 47.67% upside from the recent share price of $65.35 if the average analyst target price of $96.50/share is reached, and analysts on average are expecting STC to reach a target price of $96.50/share, which is 47.67% above the recent price of $65.35. Below is a twelve month price history chart comparing the stock performance of DDD, STC, and STC:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares S&P Small-Cap 600 Growth ETF IJT $125.02 $159.18 27.32%
3D Systems Corp. DDD $15.83 $24.20 52.87%
Stewart Information Services Corp STC $65.35 $96.50 47.67%
Stewart Information Services Corp STC $65.35 $96.50 47.67%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although DDD has traded at a recent price of $15.83/share, the average analyst target is 52.87% higher at $24.20/share. iShares S&P Small-Cap 600 Growth ETF IJT $125.02 $159.18 27.32% 3D Systems Corp. DDD $15.83 $24.20 52.87% Stewart Information Services Corp STC $65.35 $96.50 47.67% Stewart Information Services Corp STC $65.35 $96.50 47.67% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IJT's underlying holdings with notable upside to their analyst target prices are 3D Systems Corp. (Symbol: DDD), Stewart Information Services Corp (Symbol: STC), and Stewart Information Services Corp (Symbol: STC).
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Three of IJT's underlying holdings with notable upside to their analyst target prices are 3D Systems Corp. (Symbol: DDD), Stewart Information Services Corp (Symbol: STC), and Stewart Information Services Corp (Symbol: STC). iShares S&P Small-Cap 600 Growth ETF IJT $125.02 $159.18 27.32% 3D Systems Corp. DDD $15.83 $24.20 52.87% Stewart Information Services Corp STC $65.35 $96.50 47.67% Stewart Information Services Corp STC $65.35 $96.50 47.67% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although DDD has traded at a recent price of $15.83/share, the average analyst target is 52.87% higher at $24.20/share.
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Three of IJT's underlying holdings with notable upside to their analyst target prices are 3D Systems Corp. (Symbol: DDD), Stewart Information Services Corp (Symbol: STC), and Stewart Information Services Corp (Symbol: STC). Although DDD has traded at a recent price of $15.83/share, the average analyst target is 52.87% higher at $24.20/share. Below is a twelve month price history chart comparing the stock performance of DDD, STC, and STC: Below is a summary table of the current analyst target prices discussed above:
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Three of IJT's underlying holdings with notable upside to their analyst target prices are 3D Systems Corp. (Symbol: DDD), Stewart Information Services Corp (Symbol: STC), and Stewart Information Services Corp (Symbol: STC). Although DDD has traded at a recent price of $15.83/share, the average analyst target is 52.87% higher at $24.20/share. Below is a twelve month price history chart comparing the stock performance of DDD, STC, and STC: Below is a summary table of the current analyst target prices discussed above:
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7f10cfe1-15be-46eb-8d8d-50816694d1f4
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716524.0
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2022-03-17 00:00:00 UTC
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New Strong Sell Stocks for March 17th
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DDD
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https://www.nasdaq.com/articles/new-strong-sell-stocks-for-march-17th
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nan
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nan
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
3D Systems Corporation DDD provides 3D printing and digital manufacturing solutions. The Zacks Consensus Estimate for its current year earnings has been revised 50% downward over the last 60 days.
Adaptimmune Therapeutics plc ADAP is a clinical-stage biopharmaceutical company. The Zacks Consensus Estimate for its current year earnings has been revised 9.1% downward over the last 60 days.
Akoya Biosciences, Inc. AKYA is a life sciences technology company. The Zacks Consensus Estimate for its current year earnings has been revised 18.4% downward over the last 60 days.
View the entire Zacks Rank #5 List.
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Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +25.4% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
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3D Systems Corporation (DDD): Free Stock Analysis Report
Adaptimmune Therapeutics PLC (ADAP): Free Stock Analysis Report
Akoya Biosciences, Inc. (AKYA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD provides 3D printing and digital manufacturing solutions. 3D Systems Corporation (DDD): Free Stock Analysis Report The Zacks Consensus Estimate for its current year earnings has been revised 50% downward over the last 60 days.
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3D Systems Corporation (DDD): Free Stock Analysis Report Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD provides 3D printing and digital manufacturing solutions. Adaptimmune Therapeutics PLC (ADAP): Free Stock Analysis Report
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD provides 3D printing and digital manufacturing solutions. 3D Systems Corporation (DDD): Free Stock Analysis Report The Zacks Consensus Estimate for its current year earnings has been revised 50% downward over the last 60 days.
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Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today: 3D Systems Corporation DDD provides 3D printing and digital manufacturing solutions. 3D Systems Corporation (DDD): Free Stock Analysis Report 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys.
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fc93360f-3ade-43cf-a22e-9ad519a5228c
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716525.0
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2022-03-09 00:00:00 UTC
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Desktop Metal Stock Jumps Following Earnings Release. Is It a Buy?
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DDD
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https://www.nasdaq.com/articles/desktop-metal-stock-jumps-following-earnings-release.-is-it-a-buy
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nan
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nan
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Shares of Desktop Metal (NYSE: DM) gained 11.6% on Tuesday following the 3D printing company's release of preliminary fourth-quarter and full-year 2021 results on the prior afternoon. And shares climbed 5.8% on Wednesday, though they were helped by a strong tailwind from the overall market, as the S&P 500 and Nasdaq Composite jumped 2.6% and 3.6%, respectively. For context, on Wednesday, shares of rival 3D Systems rose 5% on no news.
No doubt, investors liked that Desktop Metal's fourth-quarter revenue and full-year 2022 revenue guidance came in higher than Wall Street had been expecting, and that the Production System P-50 is now in the commercialization stage.
On the other hand, the company continues to post large losses and burn through cash at a rate that points to a likely stock offering on the not-too-distant horizon.
So, is Desktop Metal stock a buy? Before we explore that question, let's dig into the company's results.
A 3D-printed object. Image source: Getty Images.
Desktop Metal's key quarterly numbers
METRIC
Q4 2021
Q4 2020
CHANGE
Revenue
$56.7 million
$8.4 million
577%
GAAP operating income (loss)
($59.5 million)
($26.3 million)
Loss widened 126%
GAAP net income
($71.2 million)
($25.4 million)
Loss widened 180%
GAAP earnings per share
($0.27)
N/A*
N/A
Data source: Desktop Metal. GAAP = generally accepted accounting principles.*Only annual number provided. Some numbers were calculated by author since across-the-board quarterly numbers weren't provided.
The quarter's revenue included a half-quarter of contribution from ExOne, which Desktop acquired on Nov. 12. That amount was $15.5 million.
Desktop Metal's fourth-quarter revenue increased 123% from the third quarter of 2021. Excluding the contribution from ExOne, sequential growth was 62%. That said, this 62% figure does not equate to organic growth, since Desktop made quite a few acquisitions over the past year.
Fourth-quarter GAAP gross margin was 22% and adjusted gross margin was 31%. In the third quarter, GAAP gross margin was 16% and adjusted gross margin was 27%, so it seems fairly safe to assume that the ExOne acquisition helped the overall gross margin.
The quarter's GAAP net loss of $71.2 million included $10 million in transaction costs associated with acquisitions and $8.3 million of changes to fair value of investments. The company's release didn't specify adjusted (non-GAAP) net income.
For the fourth quarter, Wall Street was looking for an adjusted loss of $0.09 per share on revenue of $49.6 million. (The consensus estimate was $46.4 million at the time of my earnings preview.) So, Desktop sped by the top-line expectation, but didn't issue a quarterly adjusted-loss result, so we don't know how that stacks up against the consensus estimate.
Why were the results only preliminary?
"Preliminary results" are results that were prepared internally by the company but not yet audited by an independent entity.
In general, investors do not want to see companies failing to get their results audited in time to release final results on their scheduled release dates. It can reflect suboptimal planning or inadequate accounting resources, among other more-concerning issues.
That said, this dynamic isn't uncommon, and the issuance of relatively rare preliminary results isn't usually of concern. (3D Systems, for instance, released preliminary results for full-year 2020 shortly before releasing its final results.) It makes sense that Desktop Metal's acquisition of ExOne in November caused it to seek a delay in filing its 2021 annual report.
In the earnings release, Desktop said that on March 2, it filed the appropriate form for the delay with the Securities and Exchange Commission (SEC), and expects to file its annual report within the 15-day extension period.
Cash burn remains a concern
In the fourth quarter, Desktop Metal used cash of $44.9 million running its operations, compared with using $21.7 million of cash in the year-ago period.
For full-year 2021, the company's cash flow from operations was negative $155 million, compared with negative $80.6 million in 2020.
In addition, in 2021, Desktop spent cash of $287.6 million on acquisitions, the largest of which was ExOne. That $561.3 million deal was financed through cash of about $191 million and the issuance of new shares for the remainder.
The company ended 2021 with cash, cash equivalents, and short-term investments of $271.7 million. Given its cash-burn rate, even excluding the cash used in the ExOne deal, it seems likely that Desktop will need to raise funds in the relatively near future.
Production System P-50 launched in Q1 2022
Reiterating what I wrote in my earnings preview, in late February, "Desktop Metal announced that it has shipped its first P-50, its flagship 3D printing system for mass production of end-use, metal parts. The customer is Stanley Black & Decker, the maker of industrial tools and other industrial and household products."
What management had to say
Here's part of what CEO Ric Fulop said in the earnings release:
With record total revenue, organic revenue, and gross margins, the fourth quarter was an exceptional finish to a revolutionary year for Desktop Metal. We also recently commenced shipments of our flagship Production System P-50, a major milestone for Desktop Metal and the additive manufacturing industry. ... We believe our strategic priorities in 2022 will ensure continued success toward achieving our goal of double-digit share of the over $100 billion additive manufacturing market by the end of the decade. [Additive manufacturing is the commonly used technical name for 3D printing.]
2022 guidance
For full-year 2022, management guided for the following:
Revenue of about $260 million, representing 131% annual growth.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) of approximately negative $90 million. In 2021, adjusted EBITDA was negative $96.1 million, so management expects this loss to narrow by about 6%.
Going into the report, for 2022, Wall Street was modeling for revenue of $253 million (the consensus was $246.9 million at the time of my preview) and an adjusted loss of $0.32 per share. So revenue guidance came in higher than analysts had been expecting.
On theearnings call Fulop clarified that the 2022 outlook is for the business as it stands now.
A mixed bag -- and why the stock isn't a buy for most investors
The company's report was a mixed bag. The key positives include a continuation of strong revenue growth and gross margin moving in the right direction, and the P-50 entering the commercialization stage.
The key drawbacks: Desktop Metal is still posting large losses, and its revenue growth has come at a substantial cost, as it's been burning through a lot of cash and issuing new shares to make acquisitions. It seems more likely than not that the company will have to raise cash in 2022. If that raise is done via a new stock offering, current investors will once again have their ownership stake diluted.
There's also one huge and very relevant unknown: How will the P-50 fare in the marketplace? Repeat sales to several customers would be a good sign -- and one that investors should watch for. Given the P-50 only began shipping in February, it probably won't be until at least the second quarter that the company has data of value about the early progress of the commercialization stage.
Moreover, there's a market-related issue: Desktop Metal stock trades at less than $5 per share. (On Wednesday, it closed at $4.18.) Many institutional investors will not buy (or will greatly hesitate to buy) "penny stocks," which are commonly defined as stocks trading for less than $5 per share. They view these stocks as too risky and volatile. In other words, it's probably going to take significantly more good news for Desktop Metal to rise above $5 per share and sustain that rise.
While The Motley Fool's focus is on long-term investing, it makes sense to consider the above issue, especially in light of the current turbulent market conditions, which have been driving many investors away from higher-risk stocks toward those they consider safer havens.
10 stocks we like better than Desktop Metal, Inc.
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Desktop Metal, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of March 3, 2022
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Desktop Metal (NYSE: DM) gained 11.6% on Tuesday following the 3D printing company's release of preliminary fourth-quarter and full-year 2021 results on the prior afternoon. The key drawbacks: Desktop Metal is still posting large losses, and its revenue growth has come at a substantial cost, as it's been burning through a lot of cash and issuing new shares to make acquisitions. While The Motley Fool's focus is on long-term investing, it makes sense to consider the above issue, especially in light of the current turbulent market conditions, which have been driving many investors away from higher-risk stocks toward those they consider safer havens.
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No doubt, investors liked that Desktop Metal's fourth-quarter revenue and full-year 2022 revenue guidance came in higher than Wall Street had been expecting, and that the Production System P-50 is now in the commercialization stage. Revenue $56.7 million $8.4 million 577% GAAP operating income (loss) ($59.5 million) ($26.3 million) Loss widened 126% GAAP net income ($71.2 million) ($25.4 million) Loss widened 180% GAAP earnings per share ($0.27) Cash burn remains a concern In the fourth quarter, Desktop Metal used cash of $44.9 million running its operations, compared with using $21.7 million of cash in the year-ago period.
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Revenue $56.7 million $8.4 million 577% GAAP operating income (loss) ($59.5 million) ($26.3 million) Loss widened 126% GAAP net income ($71.2 million) ($25.4 million) Loss widened 180% GAAP earnings per share ($0.27) Cash burn remains a concern In the fourth quarter, Desktop Metal used cash of $44.9 million running its operations, compared with using $21.7 million of cash in the year-ago period. What management had to say Here's part of what CEO Ric Fulop said in the earnings release: With record total revenue, organic revenue, and gross margins, the fourth quarter was an exceptional finish to a revolutionary year for Desktop Metal.
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Revenue $56.7 million $8.4 million 577% GAAP operating income (loss) ($59.5 million) ($26.3 million) Loss widened 126% GAAP net income ($71.2 million) ($25.4 million) Loss widened 180% GAAP earnings per share ($0.27) In addition, in 2021, Desktop spent cash of $287.6 million on acquisitions, the largest of which was ExOne. 10 stocks we like better than Desktop Metal, Inc.
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f46d8360-6e29-40ad-a799-ebd529b41df1
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716526.0
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2022-03-01 00:00:00 UTC
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3D Systems Stock Is Struggling Despite Earnings and Revenue Beats
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DDD
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https://www.nasdaq.com/articles/3d-systems-stock-is-struggling-despite-earnings-and-revenue-beats
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nan
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nan
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3D Systems (NYSE: DDD) reported better-than-expected fourth-quarter and full-year 2021 results after the market close on Monday.
Shares opened nearly 15% higher on Tuesday, which is attributable to fourth-quarter revenue and earnings, along with full-year 2022 revenue guidance all sprinting by the Wall Street consensus estimates. However, shares quickly gave back that early gain and then some, and are down 0.95% at 1:03 p.m. ET today.
What gives? The company didn't provide earnings guidance for 2022, though the metrics for which it did provide outlooks suggest that it's possible the year's bottom line could come in lower than analysts had been anticipating.
Moreover, it seems likely that some short-term traders decided that the stock's early-morning pop presented a good opportunity to take some money off the table. In addition, the market's been very volatile recently, stemming largely from the Russia-Ukraine war, so investors shouldn't expect what they'd consider to be rational reactions to earnings reports.
It's looking like Tuesday will continue to be a tug-of-war day between 3D Systems' bulls and bears.
Now, let's get to the numbers.
A 3D printer at work. Image source: Getty Images.
3D Systems' key quarterly metrics
Metric
Q4 2021 (Loss)
Q4 2020
Change (Decline)
Revenue
$150.9 million
$172.7 million
(13%) (Increase of 13%, excluding the impact of divested businesses)
GAAP operating income
($3.8 million)
$0.7 million
N/A. Flipped to negative from positive.
Adjusted operating income
$12.3 million $16.1 million (24%)
GAAP net income ($6.2 million) ($19.8 million) N/A. Loss narrowed 69%.
Adjusted net income
$11.5 million
$10.6 million 8.5%
GAAP earnings per share (EPS)
($0.05) ($0.16) N/A. Loss narrowed 69%.
Adjusted EPS
$0.09
$0.09 --
Data source: 3D Systems. GAAP = generally accepted accounting principles.
Investors should focus on the adjusted metrics, as they strip out one-time items.
The quarter's GAAP gross margin was 43.9%, up from 42% in the year-ago period. Adjusted gross margin landed at 44.1%, up from 42.9% in the fourth quarter of last year.
For the full year 2021, the company generated cash from operations of $48.1 million, compared with using cash of $20.1 million running its operations in 2020. Moreover, 2021's operating cash flow also exceeded that of the pre-pandemic year 2019's $31.6 million. 3D Systems ended the year with cash and cash equivalents of $789.7 million, and total debt of $460 million.
In the fourth quarter, Wall Street was looking for adjusted EPS of $0.03 on revenue of $144.2 million, as outlined in my earnings preview. (The adjusted EPS consensus estimate was $0.04 at the time of the preview.) So, the company sped by both expectations.
For context, in the third quarter, 3D Systems' revenue rose 15% year over year (and 36%, excluding the impact of divestitures) to $156.1 million. That result easily beat the $144.5 million Wall Street had been expecting. Adjusted EPS was $0.08, up from a loss of $0.03 per share in the year-ago period. That result also breezed by the consensus estimate, which was for $0.05.
Segment results
Segment
Q4 2021 Revenue
Change YOY (Decline)
Healthcare
$74.5 million
(13%) (Increase of 5.1%, adjusted for divestitures)
Industrial
$76.4 million
(12%) (Increase of 22%, adjusted for divestitures)
Total
$150.9 million
(13%) (Increase of 13%, adjusted for divestitures)
Data source: 3D Systems. YOY = year over year.
Both segments performed solidly. The industrial segment's divestiture-adjusted growth is higher because it faced an easier year-ago comparable. That's because it was considerably hurt during the earlier stages of the pandemic, whereas the healthcare segment held up well.
What management had to say
Here's part of CEO Jeffrey Graves' (very lengthy) statement in the earnings release.
2021 was a remarkable year for 3D Systems. In the face of a difficult operating environment, we executed well against our four-phased strategy that we introduced in the summer of 2020. As a result, we exited 2021 as one of the largest and the most profitable pure-play additive manufacturing companies in the world, entering 2022 with great momentum, an extremely strong balance sheet, and focused on investing for the exciting growth we see ahead. ... [T]he impact of our lean organization structure and effective cost management has driven earnings per share higher than, not only 2020, but also our pre-pandemic 2019.
2022 guidance
For full-year 2022, management guided for revenue in the range of $570 million to $630 million. This represents a contraction of about 7% to growth of 2% year over year. At face value, these numbers don't look good, but that's because of the loss of revenue from the noncore assets the company divested in 2021.
This revenue guidance is considerably higher at the midpoint than the 2022 revenue of $574.7 million Wall Street had been projecting.
The company didn't provide an earnings outlook for 2022. However, it did supply the following annual guidance: adjusted gross margin between 40% to 44% and adjusted operating expenses between $225 million and $250 million. For context, in 2021, adjusted gross margin was 43% and adjusted operating expenses were $214.7 million.
Continued progress on the turnaround
3D Systems capped off 2021 with another encouraging quarter.
It kicked off 2022 by announcing two acquisitions in the first quarter. The buyouts of Titan Robotics and Kumovis will add polymeric extrusion-based technology to the company's current portfolio of 3D printing technologies.
10 stocks we like better than 3D Systems
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 20, 2022
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) reported better-than-expected fourth-quarter and full-year 2021 results after the market close on Monday. In addition, the market's been very volatile recently, stemming largely from the Russia-Ukraine war, so investors shouldn't expect what they'd consider to be rational reactions to earnings reports. As a result, we exited 2021 as one of the largest and the most profitable pure-play additive manufacturing companies in the world, entering 2022 with great momentum, an extremely strong balance sheet, and focused on investing for the exciting growth we see ahead.
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3D Systems (NYSE: DDD) reported better-than-expected fourth-quarter and full-year 2021 results after the market close on Monday. Change (Decline) Revenue $150.9 million $172.7 million (13%) (Increase of 13%, excluding the impact of divested businesses) GAAP operating income ($3.8 million) $0.7 million N/A. Adjusted operating income $12.3 million $16.1 million (24%) GAAP net income ($6.2 million) ($19.8 million) N/A.
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3D Systems (NYSE: DDD) reported better-than-expected fourth-quarter and full-year 2021 results after the market close on Monday. Change (Decline) Revenue $150.9 million $172.7 million (13%) (Increase of 13%, excluding the impact of divested businesses) GAAP operating income ($3.8 million) $0.7 million N/A. Adjusted operating income $12.3 million $16.1 million (24%) GAAP net income ($6.2 million) ($19.8 million) N/A.
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3D Systems (NYSE: DDD) reported better-than-expected fourth-quarter and full-year 2021 results after the market close on Monday. Adjusted net income $11.5 million $10.6 million 8.5% GAAP earnings per share (EPS) ($0.05) ($0.16) N/A. Adjusted EPS was $0.08, up from a loss of $0.03 per share in the year-ago period.
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45935d5d-c125-4a75-8ac3-2df4fec5b9b0
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716527.0
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2022-03-01 00:00:00 UTC
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Why 3D Systems Stock Popped -- Then Dropped
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-popped-then-dropped
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nan
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nan
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What happened
Investors in 3D industrial printer maker 3D Systems (NYSE: DDD) went wobbly on Tuesday. At first, things looked grand for the additive manufacturing stock, as shares soared more than 15% in response to a big earnings beat early in the day. Things soon took a turn for the worse, however, as 3D stock steadily gave back all of those gains -- and more.
As of 10:55 a.m. ET, the stock is now actually down 2.1% for the day!
Image source: Getty Images.
So what
What could have caused such an abrupt turnaround? Well, let's take a look at the numbers.
We'll begin with the good news: In the fourth quarter of 2021, 3D Systems earned $0.09 per share pro forma -- more than twice analysts' forecast of $0.04. Sales outperformed expectations as well, falling year over year, true -- but falling only 12.6% to $150.9 million, which was better than the decline to $144.2 million that Wall Street had predicted. Moreover, as 3D explained, declines in revenue in Q4 were "driven solely by divestitures of non-core assets. ... Adjusted for divestitures [sales actually] increased 13.1%" year over year.
Still, 3D had to go to generally accepted accounting principles (GAAP) with the business it had, not the adjusted numbers it wished to have: And when calculated according to GAAP, sales did decline, and the company actually lost $0.05 per share.
Now what
All that being said, 3D did outperform expectations, which explains why the stock went up at first. So why did it end up going back down? The answer is guidance.
3D issued a new outlook for 2022 last night, warning that full-year 2022 revenue will range from $570 million to $630 million. And based on the company's prediction of 40% to 44% "non-GAAP gross margins" and "non-GAAP operating expenses [of] between $225 million and $250 million," this suggests there's a chance 3D might lose money this year.
Granted, at the midpoint of all those expectations, 3D still might be expected to earn perhaps $14.5 million this year, or about $0.11 per share -- so there's hope for at least a pro forma profit. Relative to analyst pro forma forecasts of $0.21 per share, though, that appears to imply that 3D Systems will miss earnings in 2022.
Cue sell-off.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Investors in 3D industrial printer maker 3D Systems (NYSE: DDD) went wobbly on Tuesday. At first, things looked grand for the additive manufacturing stock, as shares soared more than 15% in response to a big earnings beat early in the day. We'll begin with the good news: In the fourth quarter of 2021, 3D Systems earned $0.09 per share pro forma -- more than twice analysts' forecast of $0.04.
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What happened Investors in 3D industrial printer maker 3D Systems (NYSE: DDD) went wobbly on Tuesday. We'll begin with the good news: In the fourth quarter of 2021, 3D Systems earned $0.09 per share pro forma -- more than twice analysts' forecast of $0.04. Sales outperformed expectations as well, falling year over year, true -- but falling only 12.6% to $150.9 million, which was better than the decline to $144.2 million that Wall Street had predicted.
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What happened Investors in 3D industrial printer maker 3D Systems (NYSE: DDD) went wobbly on Tuesday. Sales outperformed expectations as well, falling year over year, true -- but falling only 12.6% to $150.9 million, which was better than the decline to $144.2 million that Wall Street had predicted. 10 stocks we like better than 3D Systems When our award-winning analyst team has a stock tip, it can pay to listen.
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What happened Investors in 3D industrial printer maker 3D Systems (NYSE: DDD) went wobbly on Tuesday. Now what All that being said, 3D did outperform expectations, which explains why the stock went up at first. Granted, at the midpoint of all those expectations, 3D still might be expected to earn perhaps $14.5 million this year, or about $0.11 per share -- so there's hope for at least a pro forma profit.
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2022-03-01 00:00:00 UTC
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3D Systems' (DDD) Q4 Earnings & Revenues Surpass Estimates
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DDD
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https://www.nasdaq.com/articles/3d-systems-ddd-q4-earnings-revenues-surpass-estimates
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3D Systems DDD reported fourth-quarter 2021 non-GAAP earnings of 9 cents per share, beating the Zacks Consensus Estimate of 3 cents per share. The bottom line remained flat year over year.
In the fourth quarter of 2021, 3D Systems reported revenues of $150.9 million, down 12.6% from the year-ago quarter and 3.5% from the previous quarter. Excluding the impact of business divestments in 2021, revenues surged 13.1% year over year. The top line outpaced the consensus mark of $144.6 million.
Quarter in Detail
In the fourth quarter, product revenues represented 77.9% of the total revenues and jumped 4.5% to $117.6 million. Meanwhile, revenues from Services, which accounted for 22.1% of revenues, plunged 44.6% year over year to $33.3 million.
Revenues from the Healthcare segment fell 12.9% year over year to $74.5 million. The figure declined 2.5% from the prior quarter. Excluding the impact of business divestments in 2021, the segment’s revenues increased 5.1% year over year.
The industrial division revenues decreased 12.3% year over year to $76.4 million and 4.1% sequentially. Excluding the impact of business divestments in 2021, the unit’s revenues increased 22.2%. The company witnessed solid demand for products as well as materials.
3D Systems Corporation Price, Consensus and EPS Surprise
3D Systems Corporation price-consensus-eps-surprise-chart | 3D Systems Corporation Quote
Operating Details
During the fourth quarter of 2021, 3D Systems’ non-GAAP gross profit decreased 10.3% year over year to $66.5 million. However, non-GAAP gross profit margin expanded 120 basis points (bps) to 44.1%. This increase was driven by high production levels and improved inventory management caused by increased supply chain resilience.
Non-GAAP operating expenses decreased 6.4% to $54.3 million. The downside was due to savings achieved from cost restructuring activities, and reduced SG&A expenses.
Non-GAAP operating income declined 23.6% to $12.3 million.
Adjusted EBITDA was $17.9 million. The margin of 11.8% reflected disciplined approach to growth, cost management and focus on core businesses.
Balance Sheet Details
The global leader in additive manufacturing solutions exited the fourth quarter with cash and cash equivalents of $789.7 million, significantly higher from the prior quarter’s $502.8 million. As of Dec 31, 2021, 3D Systems had a total debt of $460 million.
During the full-year 2021, the company generated $48.1 million of operating cash flow.
Full-Year Highlights
For the full-year 2022, 3D Systems reported revenues of $615.6 million, indicating a surge of 10.5% year over year. Excluding the impact of business divestments, annual revenues surged 31.8% year over year. The year-over-year increase in top-line results reflect continued strength in the Industrial segment, growing demand from Healthcare customers and acceleration beyond pre-pandemic performance levels.
The company reported non-GAAP earnings of 45 cents per share compared with a loss of 11 cents reported year ago.
Non-GAAP gross margin expanded 40 bps to 43%. Non-GAAP operating expenses decreased 9.4% to $214.7 million.
Non-GAAP operating income increased from $0.3 million a year ago to $49.8 million in 2021. Consequently, non-GAAP operating margin expanded 150 bps to 19%.
Adjusted EBITDA was $74.1 million for the full-year 2022. The margin stood at 12%.
Guidance
3D Systems expects revenues between $570 million and $630 million for the full-year 2022. It projects non-GAAP gross margin to be 40-44%.
Non-GAAP operating expense is estimated to be $225-$250 million.
Management provided this guidance with the assumption that the pandemic, supply chain disruptions or any geopolitical events will not be of any concern in 2022.
Zacks Rank & Key Picks
3D Systems currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks from the broader computer and technology sector include the Axcelis Technologies ACLS sporting a Zacks Rank #1 (Strong Buy), iPhone maker Apple AAPL and Analog Devices ADI carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Axcelis’ first-quarter 2022 earnings has been revised upward by 2 cents to 89 cents per share over the past 30 days. For 2022, earnings estimates have moved north by 12.4% to $3.99 per share in the past 30 days.
Axcelis’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 30.3%. Shares of ACLS have rallied 74.3% in the past year.
The Zacks Consensus Estimate for Apple’s second-quarter fiscal 2022 earnings has been revised upward by 3.6% to $1.43 per share over the past 30 days. For fiscal 2022, earnings estimates have moved north by 5.7% to $6.15 per share in the past 30 days.
Apple’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 20.3%. AAPL stock has appreciated 29.2% in the past year.
The Zacks Consensus Estimate for Analog Devices’ second-quarter fiscal 2022 earnings has been revised upward by 23 cents to $2.08 per share over the past 30 days. For fiscal 2022, earnings estimates have moved north by 79 cents to $8.32 per share in the past 30 days.
Analog Devices’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 6%. Shares of ADI have gained 1.1% in the past year.
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3D Systems Corporation (DDD): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems DDD reported fourth-quarter 2021 non-GAAP earnings of 9 cents per share, beating the Zacks Consensus Estimate of 3 cents per share. 3D Systems Corporation (DDD): Free Stock Analysis Report The year-over-year increase in top-line results reflect continued strength in the Industrial segment, growing demand from Healthcare customers and acceleration beyond pre-pandemic performance levels.
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3D Systems DDD reported fourth-quarter 2021 non-GAAP earnings of 9 cents per share, beating the Zacks Consensus Estimate of 3 cents per share. 3D Systems Corporation (DDD): Free Stock Analysis Report 3D Systems Corporation Price, Consensus and EPS Surprise 3D Systems Corporation price-consensus-eps-surprise-chart | 3D Systems Corporation Quote Operating Details During the fourth quarter of 2021, 3D Systems’ non-GAAP gross profit decreased 10.3% year over year to $66.5 million.
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3D Systems DDD reported fourth-quarter 2021 non-GAAP earnings of 9 cents per share, beating the Zacks Consensus Estimate of 3 cents per share. 3D Systems Corporation (DDD): Free Stock Analysis Report 3D Systems Corporation Price, Consensus and EPS Surprise 3D Systems Corporation price-consensus-eps-surprise-chart | 3D Systems Corporation Quote Operating Details During the fourth quarter of 2021, 3D Systems’ non-GAAP gross profit decreased 10.3% year over year to $66.5 million.
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3D Systems DDD reported fourth-quarter 2021 non-GAAP earnings of 9 cents per share, beating the Zacks Consensus Estimate of 3 cents per share. 3D Systems Corporation (DDD): Free Stock Analysis Report 3D Systems Corporation Price, Consensus and EPS Surprise 3D Systems Corporation price-consensus-eps-surprise-chart | 3D Systems Corporation Quote Operating Details During the fourth quarter of 2021, 3D Systems’ non-GAAP gross profit decreased 10.3% year over year to $66.5 million.
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fba52517-e0fa-4bf0-82ad-4515d8afa7cd
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716529.0
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2022-03-01 00:00:00 UTC
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Pre-market Movers: GDRX, TACO, AMBA, MULN, SMLR…
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DDD
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https://www.nasdaq.com/articles/pre-market-movers%3A-gdrx-taco-amba-muln-smlr...
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(RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 07.25 A.M. ET).
In the Green
Del Taco Restaurants, Inc. (TACO) is up over 26% at $15.75 Mullen Automotive, Inc. (MULN) is up over 18% at $2.00 Cipher Mining Inc. (CIFR) is up over 15% at $3.52 SemiLEDs Corporation (LEDS) is up over 14% at $4.00 Tantech Holdings Ltd (TANH) is up over 14% at $2.29 3D Systems Corporation (DDD) is up over 11% at $19.87 10x Genomics, Inc. (TXG) is up over 9% at $89.61 Editas Medicine, Inc. (EDIT) is up over 9% at $18.73 NeuroSense Therapeutics Ltd. (NRSN) is up over 8% at $2.83 Legend Biotech Corporation (LEGN) is up over 7% at $42.55 CNX Resources Corporation (CNX) is up over 6% at $17.39 BlackRock Corporate High Yield Fund, Inc. (HYT) is up over 6% at $11.48
In the Red
GoodRx Holdings, Inc. (GDRX) is down over 31% at $18.81 Ambarella, Inc. (AMBA) is down over 18% at $114.50 Semler Scientific, Inc. (SMLR) is down over 17% at $60 BigCommerce Holdings, Inc. (BIGC) is down over 16% at $21.74 Vroom, Inc. (VRM) is down over 13% at $5.23 PubMatic, Inc. (PUBM) is down over 12% at $26.92 Lucid Group, Inc. (LCID) is down over 12% at $25.28 Groupon, Inc. (GRPN) is down over 10% at $19.41 Vornado Realty Trust (VNO) is down over 8% at $39.51 Zhihu Inc. (ZH) is down over 7% at $3.09 Volt Information Sciences, Inc. (VOLT) is down over 5% at $2.89
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the Green Del Taco Restaurants, Inc. (TACO) is up over 26% at $15.75 Mullen Automotive, Inc. (MULN) is up over 18% at $2.00 Cipher Mining Inc. (CIFR) is up over 15% at $3.52 SemiLEDs Corporation (LEDS) is up over 14% at $4.00 Tantech Holdings Ltd (TANH) is up over 14% at $2.29 3D Systems Corporation (DDD) is up over 11% at $19.87 10x Genomics, Inc. (TXG) is up over 9% at $89.61 Editas Medicine, Inc. (EDIT) is up over 9% at $18.73 NeuroSense Therapeutics Ltd. (NRSN) is up over 8% at $2.83 Legend Biotech Corporation (LEGN) is up over 7% at $42.55 CNX Resources Corporation (CNX) is up over 6% at $17.39 BlackRock Corporate High Yield Fund, Inc. (HYT) is up over 6% at $11.48 In the Red GoodRx Holdings, Inc. (GDRX) is down over 31% at $18.81 Ambarella, Inc. (AMBA) is down over 18% at $114.50 Semler Scientific, Inc. (SMLR) is down over 17% at $60 BigCommerce Holdings, Inc. (BIGC) is down over 16% at $21.74 Vroom, Inc. (VRM) is down over 13% at $5.23 PubMatic, Inc. (PUBM) is down over 12% at $26.92 Lucid Group, Inc. (LCID) is down over 12% at $25.28 Groupon, Inc. (GRPN) is down over 10% at $19.41 Vornado Realty Trust (VNO) is down over 8% at $39.51 Zhihu Inc. (ZH) is down over 7% at $3.09 Volt Information Sciences, Inc. (VOLT) is down over 5% at $2.89 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 07.25 A.M. ET).
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In the Green Del Taco Restaurants, Inc. (TACO) is up over 26% at $15.75 Mullen Automotive, Inc. (MULN) is up over 18% at $2.00 Cipher Mining Inc. (CIFR) is up over 15% at $3.52 SemiLEDs Corporation (LEDS) is up over 14% at $4.00 Tantech Holdings Ltd (TANH) is up over 14% at $2.29 3D Systems Corporation (DDD) is up over 11% at $19.87 10x Genomics, Inc. (TXG) is up over 9% at $89.61 Editas Medicine, Inc. (EDIT) is up over 9% at $18.73 NeuroSense Therapeutics Ltd. (NRSN) is up over 8% at $2.83 Legend Biotech Corporation (LEGN) is up over 7% at $42.55 CNX Resources Corporation (CNX) is up over 6% at $17.39 BlackRock Corporate High Yield Fund, Inc. (HYT) is up over 6% at $11.48 In the Red GoodRx Holdings, Inc. (GDRX) is down over 31% at $18.81 Ambarella, Inc. (AMBA) is down over 18% at $114.50 Semler Scientific, Inc. (SMLR) is down over 17% at $60 BigCommerce Holdings, Inc. (BIGC) is down over 16% at $21.74 Vroom, Inc. (VRM) is down over 13% at $5.23 PubMatic, Inc. (PUBM) is down over 12% at $26.92 Lucid Group, Inc. (LCID) is down over 12% at $25.28 Groupon, Inc. (GRPN) is down over 10% at $19.41 Vornado Realty Trust (VNO) is down over 8% at $39.51 Zhihu Inc. (ZH) is down over 7% at $3.09 Volt Information Sciences, Inc. (VOLT) is down over 5% at $2.89 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 07.25 A.M. ET).
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In the Green Del Taco Restaurants, Inc. (TACO) is up over 26% at $15.75 Mullen Automotive, Inc. (MULN) is up over 18% at $2.00 Cipher Mining Inc. (CIFR) is up over 15% at $3.52 SemiLEDs Corporation (LEDS) is up over 14% at $4.00 Tantech Holdings Ltd (TANH) is up over 14% at $2.29 3D Systems Corporation (DDD) is up over 11% at $19.87 10x Genomics, Inc. (TXG) is up over 9% at $89.61 Editas Medicine, Inc. (EDIT) is up over 9% at $18.73 NeuroSense Therapeutics Ltd. (NRSN) is up over 8% at $2.83 Legend Biotech Corporation (LEGN) is up over 7% at $42.55 CNX Resources Corporation (CNX) is up over 6% at $17.39 BlackRock Corporate High Yield Fund, Inc. (HYT) is up over 6% at $11.48 In the Red GoodRx Holdings, Inc. (GDRX) is down over 31% at $18.81 Ambarella, Inc. (AMBA) is down over 18% at $114.50 Semler Scientific, Inc. (SMLR) is down over 17% at $60 BigCommerce Holdings, Inc. (BIGC) is down over 16% at $21.74 Vroom, Inc. (VRM) is down over 13% at $5.23 PubMatic, Inc. (PUBM) is down over 12% at $26.92 Lucid Group, Inc. (LCID) is down over 12% at $25.28 Groupon, Inc. (GRPN) is down over 10% at $19.41 Vornado Realty Trust (VNO) is down over 8% at $39.51 Zhihu Inc. (ZH) is down over 7% at $3.09 Volt Information Sciences, Inc. (VOLT) is down over 5% at $2.89 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 07.25 A.M. ET).
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In the Green Del Taco Restaurants, Inc. (TACO) is up over 26% at $15.75 Mullen Automotive, Inc. (MULN) is up over 18% at $2.00 Cipher Mining Inc. (CIFR) is up over 15% at $3.52 SemiLEDs Corporation (LEDS) is up over 14% at $4.00 Tantech Holdings Ltd (TANH) is up over 14% at $2.29 3D Systems Corporation (DDD) is up over 11% at $19.87 10x Genomics, Inc. (TXG) is up over 9% at $89.61 Editas Medicine, Inc. (EDIT) is up over 9% at $18.73 NeuroSense Therapeutics Ltd. (NRSN) is up over 8% at $2.83 Legend Biotech Corporation (LEGN) is up over 7% at $42.55 CNX Resources Corporation (CNX) is up over 6% at $17.39 BlackRock Corporate High Yield Fund, Inc. (HYT) is up over 6% at $11.48 In the Red GoodRx Holdings, Inc. (GDRX) is down over 31% at $18.81 Ambarella, Inc. (AMBA) is down over 18% at $114.50 Semler Scientific, Inc. (SMLR) is down over 17% at $60 BigCommerce Holdings, Inc. (BIGC) is down over 16% at $21.74 Vroom, Inc. (VRM) is down over 13% at $5.23 PubMatic, Inc. (PUBM) is down over 12% at $26.92 Lucid Group, Inc. (LCID) is down over 12% at $25.28 Groupon, Inc. (GRPN) is down over 10% at $19.41 Vornado Realty Trust (VNO) is down over 8% at $39.51 Zhihu Inc. (ZH) is down over 7% at $3.09 Volt Information Sciences, Inc. (VOLT) is down over 5% at $2.89 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 07.25 A.M. ET).
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dde6ff7f-99da-43ac-8e0c-6e4dbde7185b
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716530.0
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2022-02-28 00:00:00 UTC
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3D Systems (DDD) Q4 2021 Earnings Call Transcript
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DDD
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https://www.nasdaq.com/articles/3d-systems-ddd-q4-2021-earnings-call-transcript
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Image source: The Motley Fool.
3D Systems (NYSE: DDD)
Q4 2021 Earnings Call
Feb 28, 2022, 4:30 p.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Hello, and welcome to the 3D Systems Q4 2021 conference call and webcast. [Operator instructions]. As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to John Nypaver, treasurer and investor relations.
Please go ahead, sir.
John Nypaver -- Treasurer and Investor Relations
Thank you, Kevin. Good afternoon, and welcome to 3D Systems conference call. With me on the call are Dr. Jeffrey Graves, our president and executive officer; Jagtar Narula, executive vice president and chief financial officer; and Andrew Johnson, executive vice president and chief legal officer.
The 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 website. For those who have accessed the streaming portion of the webcast, please be aware that there may be a few seconds' delay and that you will not be able to post questions via the web. The 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.
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Actual results may differ materially. Additional information about factors that could potentially impact our financial results is included in today's press release and our filings with the SEC, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q. During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our investor relations website, you will find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures with comparable GAAP measures.
Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2020. Now I'm pleased to turn the call over to Jeff Graves, our CEO. Jeff?
Jeff Graves -- Chief Executive Officer
Thanks, John, and good afternoon, everyone. Before I begin my prepared remarks, let me take a moment for a brief statement regarding the ongoing Russian invasion of Ukraine. Given the clear and unacceptable humanitarian implications of Russia's recent actions, we've elected to immediately suspend all sales to Russia. We're hopeful that the situation will be resolved quickly and peacefully and that the Ukrainian people can move forward as a free country with an elected representative government.
Our guidance for 2022 that we provided in our press release this afternoon and that we'll discuss later in this call reflects, to the best of our ability, these risks to our anticipated results this year. So with that said, let me begin our call today by wishing all of you a happy and healthy new year. As I'm sure you'll agree, 2021 was a year filled with both optimism and challenges. Optimism as we saw the rollout of COVID vaccines that were developed, approved, and distributed with astonishing speed, but also significant challenges as new variants emerged, which continue to impact families and businesses alike.
Looking ahead, I'm optimistic that 2022 will be a year of meaningful progress as these effects ultimately recede and we see consistent sustainable economic performance once again. In spite of these significant challenges that we faced in 2021, it was, by all measures, a tremendous year of renewal for 3D Systems. What began in May of 2020 as a four-phased plan to refresh, refocus, and transform our company was completed in 2021 with our transition to the final phase, investing for growth. This 18-month journey comprised reorganization into two business units, healthcare and industrial solutions, restructuring to gain efficiencies, and divesting of noncore assets.
We completed all of these efforts while prioritizing the health of our employees and delivering on a dramatic increase in demand for our products and services. I couldn't be prouder of our team's performance, which made 2021 one of the most successful years in our company's history. Let me share with you a few key highlights of what our 3D Systems team accomplished over the last year. At the outset of 2021, we as a management team decided that given the momentum that we had achieved as we exited the prior year, that in addition to comparing ourselves to 2020, which was a year severely impacted by COVID, we would also use our 2019 pre-pandemic performance as a primary benchmark for comparison.
We set this bar -- this set the bar at a much higher level, one that we felt would be an appropriate challenge for both of our businesses. As we closed out the year, the results clearly spoke for themselves. When adjusted for divestitures of noncore assets, our results for 2021 not only dwarfed our 2020 performance, but also significantly surpassed 2019 across all key financial metrics from top line growth to profitability and cash flow. From a balance sheet perspective, our combination of operating performance and sale of noncore assets allowed us to add over $0.5 billion to the balance sheet by the end of our third quarter.
We then strengthened our cash position further through a convertible bond offering at an opportunistic time in the fourth quarter, details of which Jagtar will elaborate on in a few moments. This operating performance was delivered in spite of the significant headwinds we experienced from supply chain shortages and logistics issues. As we completed each quarter in 2021 and our trajectory became more apparent, a question that was increasingly asked was how did all this come together so quickly, particularly in the face of the challenges from COVID? Well, the answer is very simple, we rallied our team around our singular core belief that if we focused our energies, we could be the best additive manufacturing solutions company in the world. Everything that distracted us from our singular mission was either stopped, shut down or sold, and we focused our entire efforts on reaching our goal.
This approach resonated strongly with our employees and our customers, and its effectiveness was reflected in our financial results, strong double-digit organic growth, industry-leading profitability, and positive cash performance. Our shareholders benefited significantly as well as our share price rose by over 100% for the year, greatly outstripping our public company and industry competitors. By staying committed to this approach and supporting it with a sound investment strategy, I believe this singular passionate focus will continue to serve us very well in the years ahead, creating significant value for all of our stakeholders. One less obvious, but extremely important benefit to this performance has been our ability to increasingly attract key talent to our organization.
Just as in sports, everyone wants to be part of a winning team and to be recognized for the unique value they bring to the game. Like the market itself, talented individuals are able to distinguish between companies that offer promises of future success versus those that deliver on their promises each day. Perhaps the most visible public examples of our organizational success in 2021 was the hiring of a new chief technology officer and a new chief scientist for additive manufacturing, both of whom came with outstanding industry experience and credentials. However, equally exciting to me has been the influx of outstanding young engineers and other professionals who bring with them talent, unbridled enthusiasm, diversity, and exceptional creativity.
One indicator of this success has been our interim program for college students, which we started at the height of COVID in the summer of 2020. Since inception, we've averaged over 100 applicants for every internship position we've created, and these numbers continue to rise each year. The energy and excitement of these young professionals, who represent the future of our business, is absolutely contagious, and their impact is being felt throughout our company. In these challenging times, never has the need to attract the best talent been more important, and I'm extremely pleased with our progress in this area.
As we completed our divestitures late in the year and continue to gain momentum in the market, we turned our attention increasingly to investing for growth. We first prioritized our internal investments in R&D and infrastructure, firming up our new product plans and priorities. Our efforts bore fruit in the fourth quarter with the release of the -- of three new powder bed printing systems, including our SLS 380 polymer-based system as well as our DMP Flex 200, and DMP 350 Dual metal-based printers, the latter of which is a dual-laser version of our top-selling single-laser system. The increased productivity that our dual-laser system delivers is already expanding our market opportunities, particularly in healthcare business, where productivity benefits to medical device customers has proved compelling.
In addition to these new printing systems, in 2021, we released the largest number of new material offerings in our company's history. These materials span all of our polymer technology platforms and address key application needs such as those requiring precision surface finishes, fire retardancy, and improved strength and toughness characteristics. This expertise in polymeric materials technology is a key differentiator for our company in the marketplace and an important sustainable competitive advantage. Given the exciting lineup we have ahead for all of our product lines and our rapidly growing demand outlook, we've decided to incrementally increase our R&D commitment for 2022 in order to bring these products to market at regular intervals over the next year.
We look forward to sharing highlights of our new product introductions with you in the months ahead. In addition to our new hardware introductions, customer feedback over the last year made it very clear that software will play an increasingly important role in the move of 3D printing from the laboratory into factory production environments. While for many years, we've had very strong software offerings to control and optimize the print process itself, production-focused customers have now clearly identified the need for a software system that can control entire fleet of printers regardless of the manufacturer as well as an array of post-print inspection and in-line automation processes spanning from raw material to finished parts. An additional challenge is the need to be fully compatible with existing enterprise systems such as SAP, Oracle, Microsoft, and Salesforce in order to minimize factory disruption and costly upgrades as production additive workflows are introduced.
In short, in order to be successful at scale in a factory environment, our customers need a cloud-based manufacturing operating system that could optimize and manage the entire workflow, applying native AI and leveraging machine intelligence to maximize component quality and throughput. To meet this challenge, in 2021, we significantly strengthened our software portfolio with the acquisitions of Additive Works, which brings real-time process simulation to optimize the printing of new components and production; and Oqton, a unique and versatile cloud-based manufacturing operating system that meets all of the key requirements articulated by our customers. We believe the Oqton system will not only benefit the adoption of our company's solutions, but could dramatically expand the adoption of additive manufacturing for all companies in our industry. For this reason, we've opened our Oqton software suite, which includes our entire legacy software portfolio as optional add-ons, to the entire additive industry as well as our collective customer base.
We've been pleased to see numerous equipment suppliers have already announced plans to partner with Oqton, and we look forward to the growth we believe it will enable. In addition to software in 2021, we also expanded in exciting new markets through the acquisition of Volumetric and Allevi in the regenerative medicine space. These two acquisitions leverage breakthroughs that we've made in the printing of biomaterials as a part of a multiyear development effort with United Therapeutics, the goal of which is to ultimately manufacture an unlimited supply of human organs for transplantation, beginning with the human lung to meet the needs of critically ill patients around the world. This expansion into 3D printing technology for biologics is an important long-term growth plan for the company that I've spoken about extensively in past quarters, so I'll limit the time today.
But suffice it to say that I'll look forward to updating you on our progress in this incredible area of development in the future. Altogether, our four acquisitions completed in 2021 supported our strategic focus by adding technologies that complement our core strength in additive manufacturing, bringing these capabilities to new and exciting markets, which we believe will continue fueling our growth and profitability well into the future. By the end of 2021, with these acquisitions having closed, we exited with roughly $800 million in cash on our balance sheet for the future. Before we turn to our plan for 2022, I'll take a minute to comment on the unique foundation that creates our leadership position in the additive manufacturing industry.
In short, we're a full solution provider, meaning that we bring together the industry's broadest set of metal and polymer printing technologies, hundreds of unique materials and industry-leading software platforms, using our exceptional applications expertise to deliver production-ready solutions for industrial and healthcare customers around the world. The effectiveness of this approach has proven itself over time through the installation of hundreds of production printing systems across countless factory sites around the world. This scale has a tremendous advantage, not only increasing our operating efficiencies, but also in providing critical ongoing customer application support as well as 24/7 service to our customers, no matter where they're located, over the life of their investments. We're proud to say that our installed base currently prints over 700,000 parts per day, which is more than the rest of the industry combined.
This production experience is invaluable in providing the feedback needed for us to adapt to the ever-changing needs of our customers in this volatile, but exciting time. And lastly, we continue to innovate, invest and grow our business, all while tightly managing our financial performance. For customers moving to additive manufacturing is a very strategic decision. Any customer investing significant capital and fleet of hardware to adopt additive manufacturing at a production scale wants to know that their partner is financially sound and has the scale, capability, and commitment to support them wherever they operate over the immediate and the long term.
Our combination of scale, expertise and financial profile is the best in the industry, inspiring the confidence of our customers as they balance their growth opportunities with the ever-present risks that we all face in this complicated global economy. Simply put, we're increasingly the partner of choice for companies ready to make significant long-term investments in additive manufacturing. So where do we go from here? Well, first and foremost, we continue to run a disciplined business, balancing our short- and long-term performance and making prudent investments for the future. Given our operating momentum, our demand outlook and our financial strength, we continue to look for investments that will enhance our customers' capability to adopt additive manufacturing, while delivering strong returns for our shareholders.
This has led us to two additional acquisitions, which we announced last week, each of which bring us a new unique technology for our industrial and healthcare businesses. The companies are called Titan Robotics and Kumovis, and I'd like to spend a few minutes discussing each. Titan Robotics based in Colorado is the market leader in 3D printing systems using pellet-based extrusion. This technology addresses critical customer applications requiring large build volumes, superior performance, and improved productivity at significantly lower cost.
Through Titan, we can now provide solutions to new applications in markets such as foundries, consumer goods, service bureaus, transportation and motorsports, and aerospace and defense and general manufacturing. Like 3D systems, Titan takes a solution-based approach with customers, working to ensure they provide the best product to address the customers' application. They are the only manufacturer offering hybrid tool head configurations that include any combination of pellet extrusion, filament extrusion, and spindle tool heads for component finishing. This unique capability gives customers the flexibility to choose the best production printer configuration to meet their specific application needs, with the selective use of pellet-based polymers providing a significant cost advantage over filament-based systems.
With an open system architecture, a Titan printer has available to it hundreds of standard polymer formulations, allowing customers to not only select the ideal material for their application, but also realize potential cost savings of up to 75% versus traditional filament extrusion. With Titan's technology and our go-to-market reach as well as the combination of Titan's engineers and our applications group, we're confident we can rapidly expand into the extrusion marketplace for our industrial business. Moving next to Kumovis. They are a very special engineering company headquartered in Munich, Germany, with a strong focus on the development and commercialization of a unique 3D printing system for use with medical-quality PEEK materials.
PEEK, which stands for polyether ether ketone, is a high-performance polymer material that's approved for use in the human body for orthopedic applications. It simulates the properties of human bone very effectively. To date, PEEK has been fabricated for these applications using slow, expensive, and wasteful machining techniques, which have limited its usage in medical implants. The Kumovis 3D printing technology is unique, allowing high-volume, cost-effective manufacture of custom medical implants.
This acquisition is a perfect fit with our current healthcare business and will allow us to expand from our historical leadership in titanium orthopedic implants to now offer customers a choice between titanium and PEEK polymeric solutions, each of which have their own specific use cases. Integrating Kumovis into our healthcare business will drive growth in three principal areas. The first is craniomaxillofacial reconstruction, which has been a cornerstone of 3D Systems healthcare for many years and one in which we're the dominant player for titanium solutions today. Having the unique Kumovis printing capability will allow us to expand our virtual surgical planning portfolio to include PEEK implants in addition to surgical instrumentation and on anatomical models.
The second application area is spinal cages, where 3D Systems is a leader in the development, production and sale of both implanted titanium components and complete printing systems for in-house OEM medical production. Kumovis expands the material options for customers in this key product line, enhancing patient experience by allowing us to provide the best solution custom-tailored for each patient. And third, bone plates for trauma patients. Kumovis is developing a carbon fiber-reinforced PEEK process for bone plate applications for patients suffering from severe trauma and fractures.
In addition to mass-produced custom patient solutions, Kumovis has also developed a unique self-contained clean room printing system, which opens new opportunities for 3D Systems to expand our point-of-care market segment for trauma patients, where printing capability is provided locally within the hospital or even within the surgical suite itself. These applications offer perfect complements to the point-of-care work we're doing today with large medical institutions such as the VA hospital system. We believe the point-of-care printing for customer patient solutions will be an increasingly exciting market in the years ahead and one for which we're a clear leader. When taken in total, we believe the Kumovis market opportunity is measured in hundreds of millions of dollars, and the synergies with our current offerings and infrastructure are outstanding.
Given the FDA approvals that are already in place for PEEK materials in human applications, we expect regulatory clearance for printed PEEK components to be granted later this year and that this technology will contribute in a meaning way to our healthcare business in the years to follow. So in summary, with our tremendous progress over the last 18 months, our continued strong momentum, our breadth of technology combined with our clear application leadership, and the benefits of scale as one of the largest pure-play additive manufacturing companies, we entered 2022 with a great deal of optimism. This optimism is not only for 3D systems, but for the additive manufacturing industry as a whole. As new production opportunities open each day, we firmly believe that additive manufacturing adoption and production settings will continue to grow at an exciting pace, and we're confident that we will help lead this transformation.
Our value proposition is simple. We offer the strongest and most complete portfolio of additive manufacturing technologies brought together with the most knowledgeable and creative engineering teams to solve the most valuable application needs of our customers. We do so by combining a belief in financial discipline with an overlay of strategic perspective to guide our continued investments for the future. As we look forward, we see a growing industry and a tremendous potential to serve our customers.
For us, 2022 will be a year of exciting growth and investment as we continue to strengthen the company for the future. Our investments will continue as they have over the last year, including adding industry-specific application expertise, back-office infrastructure, and this is important, the foundational technologies that enable the value we bring to our customers. Specifically, we'd expect that over the next 18 months, we will refresh our entire lineup of metal and polymer hardware platforms while continuing to release record numbers of new materials and improvements to our software products offered through Oqton. In partnership with United Therapeutics, we will make substantive progress in our regenerative medicine efforts, creating what we believe will be significant value in the years ahead.
We recognize that bureaucracy is an impediment to growth. So we're committed to remain a lean and nimble organization that challenges itself to execute flawlessly, introducing new products on an almost continuous basis while reducing manufacturing costs and maintaining industry-leading quality. Growing adoption of our technology into customer production applications will drive high-margin, post-install recurring revenue streams via consumable materials, software and services. In the coming years, we're confident that this focused approach and simple business model will result in consistent year over year double-digit organic growth with expanding gross margins, our goal of which is to exceed 50% over time.
With 3D systems at the forefront and driving adoption of additive manufacturing, we'll continue to transform existing industries within healthcare and industrial markets as well as creating entirely new markets such as regenerative medicine. With that, let me turn the call over to Jagtar who will now describe our fourth quarter and full year financial results in more detail. Jagtar?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Jeff. Good afternoon, everyone. As Jeff said, 2021 was a tremendous year. Our teams worked extremely hard and delivered outstanding results, which I'm pleased to share with you today.
I'll begin the discussion with full year 2021 numbers, starting with revenue. Revenue for 2021 was $615.6 million, an increase of 10.5% compared to the prior year. This increase occurred despite the divestiture of our portfolio of noncore businesses. When adjusted for those divestitures, 2021 revenue increased 31.8% as compared to 2020, and versus pre-pandemic 2019, revenue increased 16.9%.
This impressive performance against both 2020 and 2019 validates the transformation efforts we have guided the company through and upon which our team has executed over the past several quarters. Our strategy of providing additive manufacturing solutions for industrial and healthcare customers, utilizing a broad portfolio of hardware, materials and software solutions, combined with applications expertise, is delivering consistent, strong double-digit revenue growth. Gross profit margin for 2021 was 42.8%, compared to 40.1% in the prior year. Non-GAAP gross profit margin was 43%, compared to 42.6% in the prior year.
Gross profit margin increased primarily as a result of prior year nonrecurring write-downs related to equipment and inventory. Operating expenses for 2021 on a GAAP basis decreased 13.3% to $296.8 million compared to the prior year. On a non-GAAP basis, operating expenses were $214.7 million, a 9.4% decrease from the prior year. The lower non-GAAP operating expenses are primarily a result of restructuring efforts done in late 2020 and businesses divested as part of the company's strategic plan.
We had GAAP earnings per share of $2.55 for 2021, compared to a GAAP loss per share of $1.27 in 2020. The increase was primarily due to the gains recognized on businesses divested during 2021. Our non-GAAP earnings per share for 2021 was $0.45, compared to non-GAAP loss per share of $0.11 in 2020. This increase was primarily due to our higher revenue combined with the lower operating expenses talked about earlier.
Now we'll turn to fourth quarter results. For the fourth quarter, we generated revenue of $150.9 million, a decrease of 12.6% compared to the fourth quarter of 2020. The decrease is a result of the aforementioned divestitures. When adjusted for divestitures, we saw strong double-digit growth of 13.1% versus Q4 2020, a 10.4% increase over Q3 2021, and impressively, a 21.9% increase versus pre-pandemic Q4 2019.
We are seeing great demand in both healthcare and industrial segments that are driving this consistent growth in our core business, which I'll speak to in more detail shortly. In the fourth quarter, we had GAAP loss per share of $0.05, compared to GAAP loss per share of $0.16 in the fourth quarter of 2020. Non-GAAP earnings per share was $0.09, flat to non-GAAP earnings per share of $0.09 in the fourth quarter of 2020. As I mentioned earlier, our revenue growth is being driven by strong demand in both healthcare and industrial segments.
On a full year basis, adjusted for divestitures, revenue in 2021 for healthcare increased 40.1% and industrial increased by 24.4% as compared to 2020. The rebound in Industrial began in Q4 of 2020 and has continued through 2021. Industrial revenue in the fourth quarter 2021 outpaced Q4 2020 by 22.2% and Q3 2021 by 12.4% after adjusting for divestitures. In fact, this marks the fourth consecutive quarter of year-over-year organic growth in the industrial segment.
This consistent growth pattern is a result of the strategic investments we have made such as adding crucial application expertise in key industrial subsegments like aerospace and transportation as well as our focus on materials development to provide customer solutions to complex problems. And perhaps most importantly, we continue to invest in our software platform, which not only enables customers to move from design to successful build faster than ever, but also allows them to literally run their entire manufacturing process with one integrated cloud-based software solution. This will be a key driver in empowering customers to make the transition from traditional to additive manufacturing at an ever-increasing pace. And our investment in Titan Robotics, with their extrusion-based technology, opens up even more opportunities for our industrial business to grow as we enter new markets.
Healthcare growth was broad-based in 2021 from dental to personalized healthcare and point-of-care services, with dental enjoying a large tailwind from the sale of materials for aligners, crowns, and dentures. These subsegments are heavily influenced by patient access to dental and medical offices. 2021 ended with a substantial wave of omicron cases and a similar pattern to the original COVID wave. Patients were either unable to get appointments or offices were understaffed due to infections, resulting in a reduction in short-term demand for certain elective healthcare procedures during Q4.
As such, we expect material sales to moderate early in 2022 as existing inventory, originally meant for Q4, is consumed during the first half. But demand should remain strong for Healthcare as the backlog of appointments are filled throughout the year. In addition, our investment in Kumovis opens up new markets for us, medical devices. We have a leadership position in this area and are now able to satisfy customer application requests for parts and hardware that require medical-grade polymers like PEEK.
Now we turn to gross profit margin. GAAP gross profit margin was 43.9% in the fourth quarter 2021, bringing the full year GAAP gross profit margin to 42.8%, as compared to 40.1% for the full year 2020. Non-GAAP gross profit margin in the fourth quarter was 44.1%, bringing the full year non-GAAP gross profit margin to 43%, compared to 42.6% for the full year 2020. Gross profit margin and non-GAAP gross profit margin increased in the fourth quarter, primarily as a result of better absorption of supply chain overhead resulting from higher production volumes combined with strong inventory management, resulting in reduced obsolescence.
GAAP operating expenses decreased 2.3% to $70.1 million in the fourth quarter of 2021 compared to the same period a year ago. On a non-GAAP basis, operating expenses were $54.3 million, a 6.4% decrease from the same period a year ago, driven primarily by lower SG&A expenses due to restructuring efforts and divestitures. GAAP operating expenses for the full year 2021 decreased 13.3% to $296.8 million compared to the prior year, primarily as a result of a goodwill impairment charge of $48.3 million and cost optimization charges of $20.1 million that both occurred in 2020. On a non-GAAP basis, operating expenses were $214.7 million in 2021, a 9.4% decrease from the prior year.
The lower non-GAAP operating expenses are primarily a result of restructuring efforts done in late 2020 and businesses divested as part of the company's strategic plan. Adjusted EBITDA, defined as non-GAAP operating profit plus depreciation, was $74.1 million for full year 2021 or 12% of revenue, compared to $28.7 million for full year 2020 or 5.2% of revenue. The year-over-year improvement was primarily due to higher revenue in spite of divestitures and lower operating expenses as a result of cost optimization actions and divested businesses. Now let's turn to the balance sheet.
I will begin by noting that we issued a $460 million five-year convertible bond in the fourth quarter. We decided to issue this bond after considering the growth potential of our industry and business and the robust investment opportunities that we see going forward. The marketing of our bond met with a very healthy demand, and we were able to issue our bond at a 0% coupon, providing the company with a significant arsenal for investment with very low carrying costs. After completing this bond offering and combined with our previous activities of divesting noncore assets, making strategic organic investments and generating $48.1 million of cash from operations, we ended the year with $789.7 million of cash on hand, an increase of $705.3 million from the beginning of 2021.
We believe we are good stewards of investor capital as we manage our cash and evaluate investment options that will drive future growth and profitability. We were excited to have an early opportunity to invest some of our cash as we expand our hardware technology to include two extrusion-based platforms through the acquisitions of Titan Robotics and Kumovis. The acquisitions are expected to close in the second quarter. We are very excited about these investments.
Both of these acquisitions bring unique capabilities and are well positioned for the industrial and healthcare applications that they intend to serve. We expect that these acquisitions will add a point or more of organic growth and be accretive to earnings in 2023. Going forward, we believe cash from operations, along with a portion of cash on hand, will fund organic growth opportunities. And we will continue to explore a robust M&A pipeline to support our strategy of driving recurring revenue growth and greater adoption of additive manufacturing in both the industrial and healthcare segments.
I want to reiterate my view that our revenue growth, strong adjusted EBITDA, cash generation, and cash available for investment, sets us apart from others in our industry. Beginning last year, we provided guidance on full year non-GAAP gross profit margins. This year, we are expanding our guidance to include revenue and non-GAAP operating expenses. We believe these are helpful data points for investors to evaluate our company.
For full year 2022, we expect revenue to be within a range of $570 million and $630 million, non-GAAP gross margins to be between 40 and 44%, and non-GAAP operating expenses to be between 225 million and $250 million. Our revenue guidance reflects our expectation of an expanding additive manufacturing opportunity that will drive demand and, as a result, our continued revenue growth adjusted for divestitures. At the same time, we see demand continuing to expand not just in 2022, but in future years as well. As a result, our operating expense guidance includes our commitment to invest organically in the technology behind our market-leading hardware, materials and software platforms as well as investing in the right talent to continue the successful execution of our strategy.
We believe these investments will position the company to continue to lead the additive manufacturing industry with robust market-leading solutions. Our guidance does not include the potential for significant additional macroeconomic events that could negatively impact our business such as COVID-19, geopolitical events or other factors that could further impact either demand or disrupt our supply chain. Before we turn the call over for questions, I am thrilled to announce that we have finalized the date and location for our investor day event. It will be held in Detroit on May 16 prior to the opening of the RAPID + TCT trade show, a leading additive manufacturing conference.
This will be an in-person event, and we are excited to give attendees more details about our strategic vision, including our plans for new products, services and exciting new applications. Invitations will be coming soon. We hope to see you there. With that, we will open it up to questions.
Operator?
Questions & Answers:
Operator
[Operator instructions]. Our first question today is coming from Ananda Baruah from Loop Capital. Your line is now live.
Ananda Baruah -- Loop Capital Markets -- Analyst
Good afternoon, guys. Congrats on the momentum. Thanks for taking the question. I appreciate it.
I have just -- yes, yes, you got it, of course. I have kind of like one a half questions. One is going to be super quick, and then one is sort of more like a legitimate one. But of the '22 growth forecast, what -- how are you guys thinking about the organic growth contribution in that forecast? And what's a good way for us to think about it? And then just on the new -- like -- and then what would be the new product contribution in '22? Or what's the best way to think about that? You guys, it seems like, clearly are sort of setting a context for us to expect ongoing new product introductions throughout the portfolio for the next couple of years.
And so what's the right way to think about it? Or used a way to think about new product contribution in '22? And so those are my two questions.
Jeff Graves -- Chief Executive Officer
Ananda, I'll comment. And Jagtar, if you want to add something, you're welcome, too. So the vast majority of our growth this year will be organic, Ananda. The investments we made late last year and then we've made now with Kumovis and Titan, they'll primarily impact starting in '23.
It will be relatively immaterial in '22. And we're -- nicely that we have a very strong demand profile right now. So when we talk about double-digit growth this year, it's virtually all organic. There will be some small contributions from these acquisitions, but most of those will ramp up materially in '23.
So that's really what we're positioning ourselves for. In terms of new product contributions, we'll talk a lot more about that as we go through the year. We were pleased to launch a few in the fourth quarter of '21. You'll see those increasingly roll out through '22 now and into '23.
And by the time we're finished, we'll refresh our entire platform over that period of time. The revenue from that will obviously phase in over time. And again, most of that will be hitting in '23 is what we're thinking. Jagtar, any other color to add?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes. The only thing I'd add for you, Ananda, is that if you go to the press release, we did provide a disclosure on revenue, excluding divestitures, of $544 million for 2021. So if you want to see what 2021 will look like now, those divestitures are behind us. And so you can see what that means for year-over-year growth based on our guidance.
Ananda Baruah -- Loop Capital Markets -- Analyst
Totally got it. All right. Super helpful. Thanks, guys.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Ananda.
Operator
Our next question today is coming from Greg Palm from Craig-Hallum. Your line is now live.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Yes. Good afternoon. Congrats on the good end to the year here.
Jeff Graves -- Chief Executive Officer
Thanks, Greg.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Starting with gross margin, really good Q4 performance. And I'm just sort of -- what are the assumptions behind the guy knowing that Q4 was sort of the first clean quarter? It looks like the guidance for fiscal '22 is a little bit below what you did in Q4. So just trying to get a little bit more color there.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes, we had a great Q4 on gross margin, Greg. As I said during my prepared remarks, right, Q4, we were at higher production levels, which helps us from the perspective of absorption on fixed costs in our supply chain. We did a great job of managing inventory, so didn't have a lot of obsolescence or scrap or other areas. That was the primary two drivers of gross margin performance.
There was pricing and mix a little bit, but that was less impactful than just good solid execution on the supply chain. So as we look to '22, we will continue to manage supply chain tightly. But really, gross margins will be impacted a little bit by what's going on kind of geopolitical-wise or economy-wise as we're seeing kind of the supply chain constraints around the world sort of continuing for at least the first half of the year and the rising costs that are resulting. So that's a little bit of the delta as well as kind of production volumes and the extent that we continue to manage the supply chain tightly.
So hence the range. We think we did an excellent job executing in Q4. Obviously, we'll continue to manage execution going forward, but that was basically the assumptions that went into the range.
Jeff Graves -- Chief Executive Officer
There's no hidden messages in that at all, Greg. We're just trying to anticipate risk factors around ongoing cost and supply issues for building product and then just the overall unknown between COVID and geopolitics. We just wanted to be, at the beginning of the year here, realistic about risk factors and to factor that into the guidance range.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Totally understandable. OK. And then in terms of the breakout between segments, healthcare and industrial, looks like, specifically in Q4, industrial was really the standout. I don't know if I missed it, but did you give a dental and a nondental growth for healthcare?
Jeff Graves -- Chief Executive Officer
We did not. Dental was up, I would say, just eyeballing it, 15%-ish. Nondental was flat to slightly down.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
OK. And then just one quick follow-up, Jeff, on your remarks about Russia. I don't think they're a material part of your revenue. But do you have any sort of estimate on the revenue contribution that might be impacted by your decision not to sell into that region?
Jeff Graves -- Chief Executive Officer
No, it's not -- it's really not a material number, Greg. It's a bit more point of principle and symbolic on our part. But it was a market that we were excited about growing when everything was under control and going well. But with this recent incursion into Ukraine, we just don't want to be supporting them with sales right now.
So that's why we've taken this position.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Got it. OK. All right. I'll hop back in queue.
Best of luck going forward. Thanks.
Jeff Graves -- Chief Executive Officer
Thanks, Greg.
Operator
Thank you. Next question today is coming from Troy Jensen from Lake Street Capital. Your line is now live.
Troy Jensen -- Lake Street Capital -- Analyst
I also want to say congrats on a great quarter and great year.
Jeff Graves -- Chief Executive Officer
Thanks.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Troy.
Troy Jensen -- Lake Street Capital -- Analyst
So, Jeff, for you, I'm just interested in Titan. Can you help me now, is this a high-temp build envelope? And specifically, can it do alternate material? And then how does it tie-in with Roadrunner?
Jeff Graves -- Chief Executive Officer
Yes. Two good questions, Troy. So it is designed for higher-temperature applications as well as room-temperature applications, but it can go to higher temperatures. We'll be extending those.
So it is designed to encompass all temp type materials and high-performance materials. What I love about it, Troy, is the high production rates and the cost of the raw material using pelletized materials unique, and it's a significant cost advantage for customers building large parts. So we really like that. It's a starting point on the progress path to the Roadrunner, which is more what we're seeing as the goal of our entire extrusion program, if you will.
So we'll factor in both filament now and extrusion technologies as we evolve that next-generation product. So there'll be more about that at investor day in May, but that's really laying out our long-term road map for extrusion-based technologies.
Troy Jensen -- Lake Street Capital -- Analyst
All right. Perfect. And maybe one for Jagtar. Thank you for the full year guidance here on revenues.
Any thoughts or any help on normal seasonality? I mean I always think if Q1 is kind of down 12 -- maybe 12 to 15% sequentially. Q2 is up nicely, Q3 is flattish and then a bigger spike in Q4. But I'd just like to get your thoughts, now that the divestiture is behind us?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes. Sure, Troy. I think what you'll see, I think you'll see similar profiles to prior year, excluding 2020, which was a little bit of an anomaly. The one thing I'd point out is that right now, we're more supply constrained than demand-constrained.
Meaning that the issues in supply chains that we've been all reading about have been more the impacting item to revenue for us right now than customer demand. So as a result, I think you'll see seasonality in Q1 a little lighter than normal, not by much, but a little. And hopefully, with supply chain issues getting fixed, as we expect, Q2 and Q3 will be a little bit stronger than normal, then you'll have your normal Q4 ramp.
Operator
Next question is coming from Brian Drab from William Blair. Your line is now live.
Brian Drab -- William Blair -- Analyst
Thanks for taking my question. Did you say -- or can you tell us, since the K is not out, what percentage of sales was in '21 to your largest customer?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes, it was -- actually, I don't have that number off the top of my head, but it was about 25%.
Brian Drab -- William Blair -- Analyst
25% for the year?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
For the year, yes.
Brian Drab -- William Blair -- Analyst
OK. Thank you. And then I think it was Titan, right, is the acquisition that is using an open consumables model. Is that -- I'm just curious, is that something that you've considered exploring for other product lines, the open consumables model? And what sort of margins can you generate with a product line like that relative to your corporate average?
Jeff Graves -- Chief Executive Officer
Yes, so good questions, Brian. We want to do what's best for our customers and what will allow them to adopt additive the fastest. And that really varies platform-by-platform. In some cases, it's really difficult to separate the material from the print platform.
The process is just so interdependent. And in reality, that would apply all the time. It's just some machines are easier to adapt to standard off-the-shelf materials than others from a processing standpoint for customers. So we want to make sure the customer experience is good.
If that requires us to go with a fixed set of materials from ourselves, we do that. If not, we open it up to them buying materials from other -- from third parties. So that's one way to look at it is where a machine is versatile, flexible enough to accommodate off-the-shelf materials, we'll make it open. And we'll do that knowing that we can make an acceptable margin on the hardware and, of course, the aftermarket software services, all of that as well.
And we can refine our model to tune in a process for a material for a customer if they want to use that with them buying off still off-the-shelf materials for the future. So I'm not giving you a real crisp answer, Brian. It will vary by platform and over time. But I would tell you, we're looking at it from a very open minded perspective now about what's best for our customer for each platform we sell.
And we're also looking at the materials availability. We have a great portfolio of proprietary materials, and we're also looking at how best to take those to market so -- as we think customers broadly will value those materials. So we're looking at both dimensions of the materials question.
Brian Drab -- William Blair -- Analyst
OK. Thanks very much. I'll talk to you later.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Brian, I just double checked that percentage number for the largest customer. It's 21%.
Brian Drab -- William Blair -- Analyst
21%. Got it. Thanks, Jagtar.
Operator
Thank you. Your next question is coming from Jim Ricchiuti from Needham & Company. Your line is now live.
Jim Ricchiuti -- Needham and Company -- Analyst
I just wanted to maybe go through again the gross margin guidance for the year. And it sounds like just some of the puts and takes there, it sounds like, to some extent, you're looking for potentially a little bit of a slower start. That impacts some of the gross margin guidance for the year, coupled with what you just also noted, what we're all hearing about supply chain challenges. And should we assume that, that just picks up as we go through the year?
Jeff Graves -- Chief Executive Officer
Yes, that would be a fair assumption, Jim. We know supply chain is challenging right now as we see it. We're seeing shortages of supply for certain parts that we're then having to go through a broker to obtain, which is in some cases resulting in higher costs. So I would expect margins to be -- as I think about the seasonality of marching through the year, I would expect that margins will be a little lower in the beginning of the year.
And then as volumes increase and supply chain issues hopefully start to evaporate, the margins will increase over the balance of the year.
Jim Ricchiuti -- Needham and Company -- Analyst
Got it. And Jeff, I want to go back to your comment on Oqton and the reception so far since it's been part of 3D Systems. I wonder if you could elaborate on what you're seeing in the market there?
Jeff Graves -- Chief Executive Officer
Jim, you broke up on a little bit of that, but you want to know my perspective on the market now that I've been --
Jim Ricchiuti -- Needham and Company -- Analyst
No, no, I'm sorry. Hopefully, you can hear me OK now. I wanted to go back to the comment you made on Oqton and the reception of some of the other industry players to the acquisition. How satisfied are you on the way this is developing? Sorry about that.
Jeff Graves -- Chief Executive Officer
Yes. I know I'm with you. It's the software question around Oqton, Jim?
Jim Ricchiuti -- Needham and Company -- Analyst
Yes, that's right.
Jeff Graves -- Chief Executive Officer
Got you. Got you. Yes. No, I'm pleased, and I understand this industry is still relatively young.
There were a lot of emotions involved early on and -- as the industry matures. But my perspective, Jim, coming in the last couple of years is the industry is maturing now. And you've got folks who truly set -- kind of increasingly set a motion aside and look at what's going to drive the adoption of additive most quickly. So I know I've been very pleased.
It's -- we still fight old feelings and things. But more and more, I think across the industry, everybody sees the inroads that additive is making. And whatever opens up those doors faster is good. So as you look at it, the Oqton platform is the best in the industry.
And the more that our customers adopt that, the easier everybody will have a chance to sell their technology into the customer base, and it can handle all the platforms. So increasingly, we're seeing acceptance among the industry on using that software and also a fairly rapid acceptance by our customers. And we're still highly in the demonstration phase. But as customers start to use it, certainly that encourages the rest of the industry to use it as well.
So yes, would I like it to move faster? Sure, I absolutely would. But I think as people see that we are running the business as a platform business for the entire industry, that increasingly they'll adopt it. So it's coming along, Jim. I always wish things moved faster, but I am pleased with the progress, and I think we'll continue to see it in future quarters and years.
Jim Ricchiuti -- Needham and Company -- Analyst
Thanks a lot. Congrats on the year.
Jeff Graves -- Chief Executive Officer
Thanks so much, Jim.
Operator
Thank you. Your next question is coming from Paul Chung from JPMorgan. Your line is now live.
Paul Chung -- JPMorgan Chase and Company -- Analyst
Thanks for taking my question. So it's great to see annual guide again. So I just wanted to kind of expand on that. What do you think are the kind of relative growth between healthcare and industrial verticals? You had very strong performance in both, though comps might be a little bit tougher in healthcare this year.
I think you mentioned electors may start to come back. Just any additional thoughts there between the segments?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes, Paul. So we're not really giving guidance by segment I will say that -- I think -- I expect both businesses to do well. You are right, comps for healthcare will be harder, but we've got a great business there, now added by a new acquisition that will help the business. So I would expect both businesses to perform well in 2022.
Jeff Graves -- Chief Executive Officer
Paul, it's interesting dynamics. The Industrial markets are probably, in total, larger. If you add them up, they're probably larger and have greater potential for growth. There's -- some are more competitive than others in terms of what the application demands and all that stuff.
Healthcare may be slightly smaller, but the payoff for additive is extremely high in healthcare with some of these mass-produced, customized solutions for patients. And I think the adoption rate will continue to be exciting. So it will be a real foot race between the conversion of Industrial markets to additive and the embrace of the healthcare business. And it's very hard to handicap, but nicely, you add them both together and you get really good solid double-digit growth year over year organically, which we're just thrilled about.
Paul Chung -- JPMorgan Chase and Company -- Analyst
Got you. And then just on the kind of pricing versus shipment dynamic for guidance. How do we kind of think about maybe some anticipated pricing increases, just the overall unit shipments? And then any comments on your pipeline and visibility that kind of provided you the confidence to reinstate guidance? That would be helpful.
Jeff Graves -- Chief Executive Officer
Yes, sure. So on pricing -- so pricing is something we constantly evaluate. We did do a temporary surcharge in Q4 that we've continued this year. We will -- we're continuing to evaluate pricing of our products pretty regularly, especially since in certain of our products, we are frankly just supply constrained right now.
In certain of our products, we've got more demand than we've got availability. So we are evaluating pricing at all of them. And what was the second part of your question, Paul?
Paul Chung -- JPMorgan Chase and Company -- Analyst
Sorry, I was just talking about the pipeline and the visibility.
Jeff Graves -- Chief Executive Officer
Yes, the pipeline. So really can't comment on pipeline, but I will say we -- last quarter, I talked about how much revenue we left on the table going into Q4, which you may recall, I said $3 million. I will say, coming into Q1 this year, exiting Q4, because of supply constraints, we left about $8 million on the table. So that number increased despite the great results we had for Q4.
So as I said earlier, we are more supply constrained right now than demand-constrained.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
And, Paul, I think the only comment I'd add is if you get back to just the fundamental, the revenue guide, how much is baked in for price versus volume, so predominance of our growth in revenue is going to be volume-based. And we're looking for pricing opportunities because our costs are also up. And we've got other cost initiatives trying to keep them down. And we do have, as Jagtar mentioned, some surcharge kind of logistics cost pass-ons that we're trying to do.
But by and large, the revenue growth is volume-driven because of increasing demand in both of our business units.
Paul Chung -- JPMorgan Chase and Company -- Analyst
Got you. And then lastly, just on your kind of implied operating margin guide, it sounds like you're recognizing much of the opex related to some of the acquisitions you did last year and this year. Sales may be expected to kind of scale in '23. So maybe how should we think about kind of normalized operating margins out the gate when those businesses do start to scale maybe in '23 and then you see some normalization of gross margins?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes. I think we are focused on the strategic plan that we've talked about, and we'll talk more about this particular topic on investor day. But our ultimate goal is 50% gross margins, double-digit revenue growth and 20% adjusted EBITDA margins. And obviously, for this year, this is an investment year to continue to modernize our product portfolio or improve our product portfolio to have the -- continue to be the leader in this industry.
So we're making those investments. The financial goals that we've set as part of our strategic plan are firmly still our objectives, and we'll talk more about the details at our investor day.
Paul Chung -- JPMorgan Chase and Company -- Analyst
Great. Thank you.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Paul.
Operator
Your next question is coming from Sarkis Sherbetchyan from B. Riley Securities. Your line is now live.
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
Good afternoon. Thank you for taking my question here. I'll try to make it quick. Can you give us a sense for what's being paid to acquire Titan Robotics and Kumovis?
Jeff Graves -- Chief Executive Officer
Yes. So the two acquisitions together were just under $80 million.
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
Sorry, that's 80, 8-0?
Jeff Graves -- Chief Executive Officer
8-0. Yes.
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
OK. Perfect. And I'm assuming, is that going to be all cash? Or is there a mix of --
Jeff Graves -- Chief Executive Officer
All cash. That's all cash. All cash.
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
Great. And related to that, can you maybe dive a bit into your build or acquire strategy? Just kind of looking at the big balance sheet you have today, and clearly, it sounds like you're gaining talent here for your business for the organic side as well besides the acquisition. So just want to get a sense for what you're willing to spend on from an acquisition perspective and what you're willing to kind of build organically? Thank you.
Jeff Graves -- Chief Executive Officer
Yes, sure. No problem. So our default is always can we do it ourselves, can we hire the talent, do it ourselves. It's the lowest-risk, highest-controlled way to develop a new product.
We have great in-house capability, and we continue to expand that. And we do it -- we take an equal view of software materials and hardware platforms to see what we can afford to do and what we need to prioritize. Beyond that, we're opportunistic about acquiring technologies. We're -- when you look at our portfolio, we've got a full spectrum of technology available to us.
If you go back to the earlier question, I think Troy asked about the evolution of extrusion technology as an example. We didn't have an extrusion platform. It was one of the few that we didn't have. We added that.
And now it's a matter, OK, how fast can you evolve that product line and expand it? So we'll look at doing that organically, investing in it. If there's a way to accelerate it, just using as an example, we would always consider the return on that incremental investment. So if there's something opportunistically out there that would accelerate our strategic plan, our direction for our platform, we would consider it and look at the return on that investment. Asset prices have certainly come down, which makes it a better race between internally and externally.
When you've got cash on the balance sheet, it's good to consider both. So we don't have a specific formula. We don't -- we aren't in such need of a new technology that we must go out and buy it, which is really a nice position to be in. So we will opportunistically go to the outside and bring things in.
And the more synergy they have with our existing systems, the more attractive that proposition becomes. If you look at the Kumovis acquisition recently, they bring a great printing technology and a new material to healthcare. We've got great synergy with all of our SG&A and overhead infrastructure in our Denver facility to get that product to market. So that all factored into the equation to go outside and bring that in to give us this wonderful new polymer technology for healthcare.
That's the way we look at it. When those assets come along, we evaluate the cost of doing it internally in the time versus bringing it in from the outside. So that's the most definitive answer I can give you.
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
Great. Thank you for that. I'll hop back in the qeueu.
Operator
Thank you. Your next question is coming from Noelle Dilts from Stifel. Your line is now live.
Noelle Dilts -- Stifel Financial Corp. -- Analyst
Again, congratulations. Thank you for taking my question. Just on the hardware platform refresh, I'm just kind of curious if you're anticipating any sort of temporary impact to gross margin as you introduce those new platforms and if that's incorporated into your guidance at all? Thanks.
Jeff Graves -- Chief Executive Officer
Yes, it's certainly incorporated. And I wouldn't expect -- from a gross margin standpoint, we're trying to design -- obviously, I think both guys are trying to design products that will bring more value to customers that you can price for and also have a lower manufacturing cost. So we're trying to drive gross margins in a positive direction through this introduction, not a negative one, Noelle. But with that said, in terms of the R&D drag on the new platform, that we try to lay out with our opex guidance and there is an expense associated with it.
But from a gross margin standpoint, I would expect it to be certainly neutral at worse to positive over time. Jagtar?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes, I would add, Noelle, that as we introduce new products, we have costs within our supply chain that are devoted to sort of maintaining the products we have in the field today, right? When certain components go out of manufacturer, we've got teams of people and have to find new components that, right, source new components to go into those machines. So by incrementally refreshing our portfolio, we're going automatically to components that are in production today and at lower costs. So I would expect that, as a result of that, over time, that will reduce the cost of supporting those machines in the field and our supply chain, and that will help gross margins over time. But at this stage, I wouldn't be able to quantify that.
But I think there is an expectation that, that will improve gross margins over time.
Noelle Dilts -- Stifel Financial Corp. -- Analyst
OK. OK. That makes sense. And then just on your -- you kind of talked about this robust acquisition pipeline.
Could you give us a sense of sort of what the pipeline looks like in terms of size? And I think last quarter, you talked a little bit about where your priorities lie in terms of the deals you'd like to take on. If you could maybe touch on that as well, that would be helpful.
Jeff Graves -- Chief Executive Officer
Sure. Yes, there -- I think -- I would tell you after being in this role a couple of years, there seems to be a continual stream of printing technology that comes online. And I think fundamentally, it's because the components continue to evolve and there's creative people and little workshops around that are trying to put those together into a new printing technology, a few of which have real potential and many of which don't. So there's always a stream of hardware, new printers, if you will.
And we evaluate those all the time. And quite frankly, most of them are not -- most of them have Achilles' heels to them and don't make it. But a few do. And the Kumovis application is one of them, Titan for that matter.
I mean bring a much faster, lower cost components to customers that want big components. So occasionally, one comes along that works. It's a really nice acquisition bringing in, but there's a lot of them. So we spend resources evaluating those.
Materials is a lot harder to come by. There are very few really good material groups out there to -- you can look to acquire. There are partnerships, which are equally difficult. But there are fewer opportunities for materials acquisitions, which is why we tend to invest a lot of R&D money into doing that ourselves.
It's an extremely important part of the business. And then software, we did a couple of big ones to provide missing pieces last year in process optimization. And obviously, the Oqton manufacturing infrastructure, that was a big missing piece, I think, for the entire industry, frankly. So I love that one.
I'm not sure there's a lot more to do in acquiring software. There's just more to do in internal developments. But we'll continue to hunt and take a look, especially for production efficiency kind of things, that's important. So we'll continue to look for factory efficiency kind of software applications.
Beyond that, Noelle, it's a lot of application expertise. Are there ways to -- for customers to bring in new applications faster through the use of process simulation, specific application knowledge, things like that. There are little groups you can acquire to do that to just expand your application capability, which is really the cornerstone of our business, if you will, what's driving our growth. So that's kind of -- I gave you soup to nuts on everything that's possible out there.
There are a few larger acquisition potentials, much rarer and more difficult to do that would bring both revenue and cost synergies. But those are highly opportunistic, and we continue to be open to those, but there's not many of them, frankly. So we mainly focus on technology and bolt-ons.
Noelle Dilts -- Stifel Financial Corp. -- Analyst
Got it. Thank you.
Jeff Graves -- Chief Executive Officer
You're welcome. Thanks for the call.
Operator
Thanks. Our next question is a follow-up from Greg Palm from Craig-Hallum. Your line is now live.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Yes. Just a couple of quick follow-ups. Is it -- as it relates to the two acquisitions, is there revenue contribution included in this year's guidance? And if that's correct, what numbers are you expecting? Maybe better said, what contribution -- or what type of revenue profile did they combine have in 2021?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes. So the revenue contribution for them is included in the guidance. We're not breaking it out specifically, Greg, but it's not a huge component of the guide this year.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
OK. Fair enough. And just going back to the question on customer concentration. I guess, by my math, even if you look at it on a revenue from healthcare, excluding divestments, it looks like that the vast majority of that absolute increase in -- from fiscal '20 to fiscal '21 was driven by that one customer.
I guess, can you confirm if that math is correct? But more importantly, my assumption is the growth in '22 and beyond will be much more broad-based. So I was just hoping you can maybe sort of go through those assumptions a little bit more.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes. On the '20 to '21, clearly, that customer was a big contributor to the healthcare growth. We did have pretty good growth in the medical devices segment, with the exception of Q4 for the reasons I talked about during the call with omicron, which kind of impacted services in the healthcare industry, which then impacted our revenue. I do think that in 2022, you will see kind of a much more broad-based increase.
That customer is still a good customer, but we have a number of activities occurring in healthcare.
Jeff Graves -- Chief Executive Officer
Yes, Greg, when you look at it, unfortunately, with COVID, a lot of the orthopedic procedures that we're really good in supporting were viewed as optional procedures. And they were kind of the first to fall out when hospitals had to make tough choices. So we would expect that to be increasing nicely. It's a really good business.
It was unduly impacted by COVID if you look at the full year. So while our large customer in the dental segment, we will obviously continue with nice growth. I would expect our growth to be much more broad-based next year -- or this year in '22 in both healthcare and in the industrial market has been delightful. I'm really pleased with the applications we're identifying in the industrial market that we can really go in and make a difference with.
It's really going well. And I've got to tell you of the pleasant surprises, since I've been with 3D Systems, the Industrial growth right now has been really impressive and strictly organic. It's been a really nice change. So I'm really pleased.
I think '22 will be a broader success story across many market verticals. And again, I think we're -- as we sit here today, when we weigh the risks and the opportunities, we would tell you today, we're going to grow double digits this year. That now -- there's a lot of puts and takes that go into that. As Jagtar mentioned, the acquisitions we've done really will not -- we don't expect to contribute materially this year, but they do help offset a little bit of risk and add to the potential positives of the year.
So I feel good about a double-digit basically organic growth seen for the year with all of the risks that you and I could both list that are going on in the world right now.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Yes. I appreciate you taking the follow-up. Looking forward to seeing you guys in May.
Jeff Graves -- Chief Executive Officer
Sounds good, Greg. Thank you, sir.
Operator
We've reached the end of our question-and-answer session. I'd like to turn the floor back over to Jeff for any further or closing comments.
Jeff Graves -- Chief Executive Officer
Thank you, Kevin. Listen, thanks, everyone, for joining our call this evening. While the world continues to be volatile, we're optimistic about the future. And we believe we're better positioned than ever to weather any storm while positioning ourselves for the bright future we see ahead.
We wish you good health and a great start to the new year. Thank you.
Operator
[Operator signoff]
Duration: 75 minutes
Call participants:
John Nypaver -- Treasurer and Investor Relations
Jeff Graves -- Chief Executive Officer
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Ananda Baruah -- Loop Capital Markets -- Analyst
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Troy Jensen -- Lake Street Capital -- Analyst
Brian Drab -- William Blair -- Analyst
Jim Ricchiuti -- Needham and Company -- Analyst
Paul Chung -- JPMorgan Chase and Company -- Analyst
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
Noelle Dilts -- Stifel Financial Corp. -- Analyst
More DDD analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) Q4 2021 Earnings Call Feb 28, 2022, 4:30 p.m. Operator [Operator signoff] Duration: 75 minutes Call participants: John Nypaver -- Treasurer and Investor Relations Jeff Graves -- Chief Executive Officer Jagtar Narula -- Executive Vice President and Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Troy Jensen -- Lake Street Capital -- Analyst Brian Drab -- William Blair -- Analyst Jim Ricchiuti -- Needham and Company -- Analyst Paul Chung -- JPMorgan Chase and Company -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst Noelle Dilts -- Stifel Financial Corp. -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. In short, in order to be successful at scale in a factory environment, our customers need a cloud-based manufacturing operating system that could optimize and manage the entire workflow, applying native AI and leveraging machine intelligence to maximize component quality and throughput.
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Operator [Operator signoff] Duration: 75 minutes Call participants: John Nypaver -- Treasurer and Investor Relations Jeff Graves -- Chief Executive Officer Jagtar Narula -- Executive Vice President and Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Troy Jensen -- Lake Street Capital -- Analyst Brian Drab -- William Blair -- Analyst Jim Ricchiuti -- Needham and Company -- Analyst Paul Chung -- JPMorgan Chase and Company -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst Noelle Dilts -- Stifel Financial Corp. -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems (NYSE: DDD) Q4 2021 Earnings Call Feb 28, 2022, 4:30 p.m. Our strategy of providing additive manufacturing solutions for industrial and healthcare customers, utilizing a broad portfolio of hardware, materials and software solutions, combined with applications expertise, is delivering consistent, strong double-digit revenue growth.
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Operator [Operator signoff] Duration: 75 minutes Call participants: John Nypaver -- Treasurer and Investor Relations Jeff Graves -- Chief Executive Officer Jagtar Narula -- Executive Vice President and Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Troy Jensen -- Lake Street Capital -- Analyst Brian Drab -- William Blair -- Analyst Jim Ricchiuti -- Needham and Company -- Analyst Paul Chung -- JPMorgan Chase and Company -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst Noelle Dilts -- Stifel Financial Corp. -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems (NYSE: DDD) Q4 2021 Earnings Call Feb 28, 2022, 4:30 p.m. With me on the call are Dr. Jeffrey Graves, our president and executive officer; Jagtar Narula, executive vice president and chief financial officer; and Andrew Johnson, executive vice president and chief legal officer.
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Operator [Operator signoff] Duration: 75 minutes Call participants: John Nypaver -- Treasurer and Investor Relations Jeff Graves -- Chief Executive Officer Jagtar Narula -- Executive Vice President and Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Troy Jensen -- Lake Street Capital -- Analyst Brian Drab -- William Blair -- Analyst Jim Ricchiuti -- Needham and Company -- Analyst Paul Chung -- JPMorgan Chase and Company -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst Noelle Dilts -- Stifel Financial Corp. -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems (NYSE: DDD) Q4 2021 Earnings Call Feb 28, 2022, 4:30 p.m. This optimism is not only for 3D systems, but for the additive manufacturing industry as a whole.
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31ae190a-35d4-4a5c-acce-79835134a1e9
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716531.0
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2022-02-28 00:00:00 UTC
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Notable Monday Option Activity: DDD, FOUR, HZNP
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DDD
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-ddd-four-hznp
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 13,937 contracts have traded so far, representing approximately 1.4 million underlying shares. That amounts to about 90% of DDD's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the $21 strike call option expiring April 14, 2022, with 3,029 contracts trading so far today, representing approximately 302,900 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $21 strike highlighted in orange:
Shift4 Payments Inc (Symbol: FOUR) saw options trading volume of 9,272 contracts, representing approximately 927,200 underlying shares or approximately 84.4% of FOUR's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $50 strike put option expiring March 18, 2022, with 2,384 contracts trading so far today, representing approximately 238,400 underlying shares of FOUR. Below is a chart showing FOUR's trailing twelve month trading history, with the $50 strike highlighted in orange:
And Horizon Therapeutics plc (Symbol: HZNP) saw options trading volume of 14,938 contracts, representing approximately 1.5 million underlying shares or approximately 79.8% of HZNP's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $85 strike put option expiring March 18, 2022, with 6,133 contracts trading so far today, representing approximately 613,300 underlying shares of HZNP. Below is a chart showing HZNP's trailing twelve month trading history, with the $85 strike highlighted in orange:
For the various different available expirations for DDD options, FOUR options, or HZNP options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $21 strike call option expiring April 14, 2022, with 3,029 contracts trading so far today, representing approximately 302,900 underlying shares of DDD. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 13,937 contracts have traded so far, representing approximately 1.4 million underlying shares. That amounts to about 90% of DDD's average daily trading volume over the past month of 1.5 million shares.
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Below is a chart showing DDD's trailing twelve month trading history, with the $21 strike highlighted in orange: Shift4 Payments Inc (Symbol: FOUR) saw options trading volume of 9,272 contracts, representing approximately 927,200 underlying shares or approximately 84.4% of FOUR's average daily trading volume over the past month, of 1.1 million shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 13,937 contracts have traded so far, representing approximately 1.4 million underlying shares. That amounts to about 90% of DDD's average daily trading volume over the past month of 1.5 million shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 13,937 contracts have traded so far, representing approximately 1.4 million underlying shares. Below is a chart showing DDD's trailing twelve month trading history, with the $21 strike highlighted in orange: Shift4 Payments Inc (Symbol: FOUR) saw options trading volume of 9,272 contracts, representing approximately 927,200 underlying shares or approximately 84.4% of FOUR's average daily trading volume over the past month, of 1.1 million shares. That amounts to about 90% of DDD's average daily trading volume over the past month of 1.5 million shares.
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Especially high volume was seen for the $21 strike call option expiring April 14, 2022, with 3,029 contracts trading so far today, representing approximately 302,900 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $21 strike highlighted in orange: Shift4 Payments Inc (Symbol: FOUR) saw options trading volume of 9,272 contracts, representing approximately 927,200 underlying shares or approximately 84.4% of FOUR's average daily trading volume over the past month, of 1.1 million shares. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 13,937 contracts have traded so far, representing approximately 1.4 million underlying shares.
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b5fc42ed-b9a5-4212-a602-5ea5f8cda213
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716532.0
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2022-02-27 00:00:00 UTC
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This ETF Could Supercharge Any Retirement Account
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DDD
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https://www.nasdaq.com/articles/this-etf-could-supercharge-any-retirement-account
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nan
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Anyone reading this has likely heard the names Cathie Wood and ARK Invest. The latter is a fund company, and the former is it founder. Both have been in the spotlight for the better part of the past two years, when incredible gains from the market's highest-profile technology stocks amped up ARK Invest's exchange-traded funds' performances. See, Wood is hyper-focused on next-gen technologies, which have led the market since the early 2020 lull. This bullishness made her a star within the investment world.
That star has stopped shining since November, of course, when so many of these high-flying and high-profile technology names crashed. The meltdown was a not-so-subtle reminder that hype doesn't last forever and that diversification is always important. A bunch of investors are now rethinking here tech-centric, speculative approach that focuses more on themes and less on tangible potential. And understandably so.
Before you join the crowd that has given up on ARK Invest's ETF's altogether though, know that there's one name among these funds that's worth considering due to its lower-risk profile. That's the ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ), formerly known as the ARK Industrial Innovation ETF.
Not like the rest
Don't sweat it if you're not familiar with it. Most people aren't. This particular exchange-traded fund simply hasn't garnered the same sort of attention that names like the ARK Next Generation Internet ETF and the ARK Innovation ETF have, both of which are highly exposed to cryptocurrencies and companies that specialize in remote, at-home connectivity solutions. Both slivers of the sector were red hot through the latter part of last year before imploding over the course of the past few weeks. The ARK Autonomous Technology & Robotics ETF also holds a great deal of Tesla shares, but other than that, it holds a great number of less-riveting, more-established stocks like farm machinery outfit Deere, global positioning tech company Trimble, and 3D printing name 3D Systems.
Image source: Getty Images.
Boring? A little. But that's the point. This fund's stocks aren't on the cutting edge of any industry. ARK Autonomous Technology & Robotics ETF's holdings are, however, quietly advancing their capabilities within their respective arenas while continuing to operate their old-school businesses.
Take Deere as an example. It's still a major manufacturer of farm tractors, harvesters, planting, and other agricultural implements. It also now offers high-tech farming software, however, that helps farms maximize their yields and minimize their costs. Called "precision ag" technology, its users can expect to lower their fuel costs by making fewer passes in a field, determine how much fertilizer is needed in a particular area of an operation, and better remotely manage land they can't physically see on a regular basis. As populations and food costs grow, this is a high-tech solution that will make a major impact. In fact, market research company Global Markets Insight says this precision farming technology market will annually expand by 15% through 2025, compared to 2018's levels,
3D Systems is another seemingly industrial name that's far more of a technology company than most investors realize. Although its core 3D printing technology has been around and refined for years now, it's still improving on it. The company now offers hardware capable of three-dimensionally printing a physical structure that serves as a scaffold of sorts for what will eventually become living tissue.
While the premise is still in its infancy, the healthcare industry is excited about the prospect of being able to do what's only been dreamed of before. Mordor Intelligence estimates the healthcare-related 3D printing market will grow by more than 17% per year through 2026, boding well for 3D Systems.
A mere temporary setback
The more-proven nature of its companies' businesses -- and their stocks' more palatable valuations -- didn't exactly shield the ARK Autonomous Technology & Robotics ETF from the sweeping sell-off that up-ended every other ARK fund beginning late last year. From peak to trough, ARK Autonomous Technology & Robotics ETF fell more than 30%, and is knocking on the door of a move below last month's low of $59.31.
As the dust settles though, more and more investors are going to realize the practical technology applications this fund represents. The market's also apt to sooner or later appreciate that each of its key holdings is already operating (mostly) established, profitable ventures that make these stocks lower-risk propositions...that is, assuming Cathie Wood directs the actively managed funds to maintain the bulk of their current positions. That's likely to happen though, as each ARK fund's theme hasn't been altered.
If nothing else, this particular ETF offers investors an easy, relatively safe way to step into a secular trend that's otherwise complicated to invest in.
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James Brumley has no position in any of the stocks mentioned. The Motley Fool owns and recommends Tesla. The Motley Fool recommends 3D Systems and Trimble Inc. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Both have been in the spotlight for the better part of the past two years, when incredible gains from the market's highest-profile technology stocks amped up ARK Invest's exchange-traded funds' performances. Called "precision ag" technology, its users can expect to lower their fuel costs by making fewer passes in a field, determine how much fertilizer is needed in a particular area of an operation, and better remotely manage land they can't physically see on a regular basis. The market's also apt to sooner or later appreciate that each of its key holdings is already operating (mostly) established, profitable ventures that make these stocks lower-risk propositions...that is, assuming Cathie Wood directs the actively managed funds to maintain the bulk of their current positions.
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The ARK Autonomous Technology & Robotics ETF also holds a great deal of Tesla shares, but other than that, it holds a great number of less-riveting, more-established stocks like farm machinery outfit Deere, global positioning tech company Trimble, and 3D printing name 3D Systems. ARK Autonomous Technology & Robotics ETF's holdings are, however, quietly advancing their capabilities within their respective arenas while continuing to operate their old-school businesses. In fact, market research company Global Markets Insight says this precision farming technology market will annually expand by 15% through 2025, compared to 2018's levels, 3D Systems is another seemingly industrial name that's far more of a technology company than most investors realize.
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The ARK Autonomous Technology & Robotics ETF also holds a great deal of Tesla shares, but other than that, it holds a great number of less-riveting, more-established stocks like farm machinery outfit Deere, global positioning tech company Trimble, and 3D printing name 3D Systems. In fact, market research company Global Markets Insight says this precision farming technology market will annually expand by 15% through 2025, compared to 2018's levels, 3D Systems is another seemingly industrial name that's far more of a technology company than most investors realize. A mere temporary setback The more-proven nature of its companies' businesses -- and their stocks' more palatable valuations -- didn't exactly shield the ARK Autonomous Technology & Robotics ETF from the sweeping sell-off that up-ended every other ARK fund beginning late last year.
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That's the ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ), formerly known as the ARK Industrial Innovation ETF. The ARK Autonomous Technology & Robotics ETF also holds a great deal of Tesla shares, but other than that, it holds a great number of less-riveting, more-established stocks like farm machinery outfit Deere, global positioning tech company Trimble, and 3D printing name 3D Systems. In fact, market research company Global Markets Insight says this precision farming technology market will annually expand by 15% through 2025, compared to 2018's levels, 3D Systems is another seemingly industrial name that's far more of a technology company than most investors realize.
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a7c14c4f-07d9-444e-9495-549272914b54
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716533.0
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2022-02-24 00:00:00 UTC
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Stratasys Stock Drops Despite Q4 Earnings and Revenue Beating Expectations
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DDD
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https://www.nasdaq.com/articles/stratasys-stock-drops-despite-q4-earnings-and-revenue-beating-expectations
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nan
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nan
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Shares of Stratasys (NASDAQ: SSYS) fell 8.4% on Wednesday, following the 3D printing company's release of its fourth-quarter and full-year 2021 results before the market open on Wednesday.
Shares had been up over 7% soon after the market open on Wednesday, but declined steadily throughout the day. This dynamic is probably at least in part attributable to some short-term traders deciding that the post-earnings release pop made for a good time to take some money off the table in light of the escalation in the Russia-Ukraine crisis.
Overall, Stratasys' report was better than Wall Street had expected. Fourth-quarter revenue and earnings both beat the consensus estimate, and guidance for full-year 2022 also came in higher on both the top and bottom lines than analysts had been projecting. It's possible, however, that some investors might have been disappointed at management's broad profitability outlook for the first half of the year.
For some context, shares of Stratasys' longtime rival, 3D Systems, dropped 3.8% on Wednesday. (3D Systems is scheduled to report its Q4 results after the market close on Monday, Feb. 28. Here's what to watch in 3D Systems' report.)
Image source: Getty Images.
Stratasys' key quarterly numbers
METRIC
Q4 2021
Q4 2020
CHANGE
Revenue
$167.0 million
$142.4 million
17%
GAAP operating income
($16.2 million)
($2.5 million)
N/A. Loss widened 548%.
Adjusted operating income
$1.7 million
$8.3 million
(80%)
GAAP net income
($4.8 million)
$11.0 million
N/A. Result flipped to negative from positive.
Adjusted net income
$0.5 million
$7.0 million
(93%)
GAAP earnings per share (EPS)
($0.07)
$0.20
N/A. Result flipped to negative from positive.
Adjusted EPS
$0.01
$0.13 (92%)
Data source: Stratasys. GAAP = generally accepted accounting principles.
Investors should focus on the adjusted numbers, as these strip out one-time items. The decline in adjusted operating income was driven by lower operating expenses in the year-ago period because of the four-day work week the company instituted during the earlier stages of the pandemic.
The year-ago period's GAAP net income included a one-time $14 million tax benefit. In other words, absent this benefit, the year-ago period's GAAP net income (and hence, GAAP EPS) would have been negative.
In Q4, Wall Street was looking for an adjusted loss per share of $0.01 on revenue of $165 million, as outlined in my earnings preview. So, the company beat both expectations. It also slightly exceeded its own revenue guidance, which was for growth of 16% year over year. It did not provide an earnings outlook.
The fourth quarter's GAAP gross margin was 43.7%, down from 46.4% in the year-ago period. Adjusted gross margin landed at 48.7%, down slightly from 49.5%.
The company generated $4.4 million of cash from operations during the quarter, down from $23.7 million in the year-ago period. It attributed the decline to higher inventory purchasing. It ended the quarter (and year) with $502.2 million in cash and cash equivalents. With this cash level and no debt, Stratasys' balance sheet remains in great shape.
For context, in the third quarter, Stratasys' revenue surged 24% year over year to $159 million, surpassing the $150.1 million Wall Street had expected.
Quarterly segment results driven by 3D printer sales
SEGMENT
Q4 2021 REVENUE
CHANGE (YOY)
Product
$118 million
19%
Service
$49 million
13%
Total
$167 million
17%
Data source: Stratasys. YOY = year over year.
Within the product segment, 3D printer ("system") revenue jumped 26% year over year and consumables (print materials) revenue grew 12%. Solid 3D printer revenue growth is a particularly good sign because printer sales drive sales of high-profit-margin consumables.
"Our strong execution and results for the fourth quarter were driven by growth across all technologies and regions. Revenue was up over 17%, led by systems growth of 26% as we delivered our highest systems sales in three years, helping to generate our sixth consecutive quarter of positive operating cash flow," CEO Yoav Zeif commented in the earnings release.
Guidance
For the first quarter of 2022, management guided for revenue to grow in the high-teens percentages year over year. This is somewhat stronger than the revenue growth of 14% Wall Street had anticipated.
For Q1, the company didn't provide a bottom-line outlook. But it did say that it expects the full-year adjusted operating margin to be "slightly above 2%, with small losses in the first half and profitable contribution in the second half of the year." So, it's probably safe to assume that management projects the adjusted bottom line to be negative in the first half of 2022. Some investors might have been disappointed with management's projected profitability picture for the first half of the year.
For full-year 2022, management guided for revenue of $680 million to $695 million, representing annual growth of about 12% to 15%. This growth outlook is higher than the growth of 11% analysts had expected.
For 2022, the company also guided for adjusted net income of $10 million to $13 million, or $0.14 per share to $0.19 per share. Going into the report, the Street had been modeling for 2022 adjusted EPS of $0.12, so the company's outlook was brighter than expected. For context, in 2021, it posted an adjusted loss of $0.07 per share.
Solid progress
Stratasys made solid progress in its turnaround efforts in the fourth quarter of 2021. And it's a positive that its full-year 2022 outlook is somewhat brighter than Wall Street had expected. That said, investors should keep in mind that guidance is just a projection. Moreover, the company is still posting losses from a GAAP standpoint.
In other words, cautious optimism is probably the best way to view Stratasys stock as a long-term investment. Over the near term, things could be rocky for this stock and the market in general because of the Russia-Ukraine conflict, especially since Federal Reserve interest rate hikes are likely on the immediate horizon.
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This dynamic is probably at least in part attributable to some short-term traders deciding that the post-earnings release pop made for a good time to take some money off the table in light of the escalation in the Russia-Ukraine crisis. Fourth-quarter revenue and earnings both beat the consensus estimate, and guidance for full-year 2022 also came in higher on both the top and bottom lines than analysts had been projecting. Over the near term, things could be rocky for this stock and the market in general because of the Russia-Ukraine conflict, especially since Federal Reserve interest rate hikes are likely on the immediate horizon.
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Revenue $167.0 million $142.4 million 17% GAAP operating income ($16.2 million) ($2.5 million) N/A. Adjusted operating income $1.7 million $8.3 million (80%) GAAP net income ($4.8 million) $11.0 million N/A. Adjusted net income $0.5 million $7.0 million (93%) GAAP earnings per share (EPS) ($0.07) $0.20 N/A.
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Revenue $167.0 million $142.4 million 17% GAAP operating income ($16.2 million) ($2.5 million) N/A. Adjusted operating income $1.7 million $8.3 million (80%) GAAP net income ($4.8 million) $11.0 million N/A. For context, in the third quarter, Stratasys' revenue surged 24% year over year to $159 million, surpassing the $150.1 million Wall Street had expected.
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In other words, absent this benefit, the year-ago period's GAAP net income (and hence, GAAP EPS) would have been negative. For context, in the third quarter, Stratasys' revenue surged 24% year over year to $159 million, surpassing the $150.1 million Wall Street had expected. For 2022, the company also guided for adjusted net income of $10 million to $13 million, or $0.14 per share to $0.19 per share.
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20a7498c-ce5c-4e0d-8372-7faac396efa2
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716534.0
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2022-02-21 00:00:00 UTC
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Earnings Preview: 3D Systems (DDD) Q4 Earnings Expected to Decline
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DDD
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https://www.nasdaq.com/articles/earnings-preview%3A-3d-systems-ddd-q4-earnings-expected-to-decline
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nan
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3D Systems (DDD) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 28. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This maker of 3D printers is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -55.6%.
Revenues are expected to be $144.62 million, down 16.2% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 11.11% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for 3D Systems?
For 3D Systems, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +13.64%.
On the other hand, the stock currently carries a Zacks Rank of #5.
So, this combination makes it difficult to conclusively predict that 3D Systems will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that 3D Systems would post earnings of $0.05 per share when it actually produced earnings of $0.08, delivering a surprise of +60%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
3D Systems doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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3D Systems Corporation (DDD): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. 3D Systems Corporation (DDD): Free Stock Analysis Report This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
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3D Systems (DDD) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. 3D Systems Corporation (DDD): Free Stock Analysis Report Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
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3D Systems (DDD) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. 3D Systems Corporation (DDD): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
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3D Systems (DDD) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2021. 3D Systems Corporation (DDD): Free Stock Analysis Report The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 28.
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1e7992c0-0493-4893-8d18-8820008125be
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716535.0
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2022-02-10 00:00:00 UTC
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April 1st Options Now Available For 3D Systems
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DDD
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https://www.nasdaq.com/articles/april-1st-options-now-available-for-3d-systems
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nan
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the April 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new April 1st contracts and identified one put and one call contract of particular interest.
The put contract at the $19.00 strike price has a current bid of $1.62. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $19.00, but will also collect the premium, putting the cost basis of the shares at $17.38 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $19.49/share today.
Because the $19.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 8.53% return on the cash commitment, or 62.29% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp., and highlighting in green where the $19.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $21.00 strike price has a current bid of $1.08. If an investor was to purchase shares of DDD stock at the current price level of $19.49/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $21.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 13.29% if the stock gets called away at the April 1st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $21.00 strike highlighted in red:
Considering the fact that the $21.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 5.54% boost of extra return to the investor, or 40.49% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $19.49) to be 89%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $21.00 strike highlighted in red: Considering the fact that the $21.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the April 1st expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $21.00 strike highlighted in red: Considering the fact that the $21.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the April 1st expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $21.00 strike highlighted in red: Considering the fact that the $21.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the April 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new April 1st contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $21.00 strike highlighted in red: Considering the fact that the $21.00 strike represents an approximate 8% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the April 1st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new April 1st contracts and identified one put and one call contract of particular interest.
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9eb369bd-220f-49a5-a351-252648777e97
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716536.0
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2022-02-09 00:00:00 UTC
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Stratasys Earnings: What to Watch on Feb. 23
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DDD
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https://www.nasdaq.com/articles/stratasys-earnings%3A-what-to-watch-on-feb.-23
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nan
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nan
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Stratasys (NASDAQ: SSYS) is slated to report its fourth-quarter and full-year 2021 results before the market open on Wednesday, Feb. 23. An analyst conference call is scheduled for 8:30 a.m. ET on the same day.
Like last quarter, the 3D printing company's report will come ahead of that of its archrival, 3D Systems (NYSE: DDD), which plans to announce its fourth-quarter and full-year 2021 results after the market close on Monday, Feb. 28. (You can read my 3D Systems earnings preview here.)
Last quarter, Stratasys sped by Wall Street's revenue and earnings expectations, resulting in investors driving shares up 13%. Investors are surely hoping for another round of big beats on both the top and bottom lines.
In 2022, Stratasys stock is up 0.8% through Feb. 8, while the S&P 500 index is down about 5%. Last year, Stratasys stock underperformed the market, gaining 18.2%, compared to the S&P 500's 28.7% return. By contrast, 3D Systems stock gained 106%, making it the best-performing 3D printing stock of 2021.
Here's what to watch in Stratasys' Q4 report.
Image source: Getty Images.
Stratasys' key quarterly numbers
Below are the company's results from the year-ago quarter and Wall Street's consensus estimates to use as benchmarks.
METRIC
Q4 2020 RESULT
WALL STREET'S Q4 2021 CONSENSUS ESTIMATE WALL STREET'S PROJECTED YEAR-OVER-YEAR CHANGE
Revenue
$142.4 million
$165.0 million
16%
Adjusted earnings per share (EPS)
$0.13 ($0.01) N/A. Result expected to flip to negative from positive.
Data sources: Stratasys and Yahoo! Finance.
Stratasys guided for fourth-quarter revenue growth of approximately 16% year over year. It expects growth to be driven by continued growth in 3D printer revenue, it said in last quarter's earnings release. The company did not provide an earnings outlook.
Once again, Stratasys has an easy revenue comparable. In the fourth quarter of 2020, its revenue declined 11% from the prior year's period, due at least in part to the pandemic. Some industrial companies were still being cautious with their ordering in the fourth quarter of 2020. In Q4 2019, the company generated revenue of $160.2 million.
In other words, Stratasys needs to turn in revenue greater than $160.2 million in the fourth quarter of 2021 in order for its revenue for the period to exceed its revenue in the pre-pandemic period two years ago.
For context, in the third quarter of 2021, Stratasys' revenue surged 24% year over year to $159 million, easily surpassing the $150.1 million Wall Street had expected. That result was 1% higher than in the pre-pandemic period two years ago. While the company doesn't break out its revenue by segment, it did say in its earnings presentation that healthcare is its fastest-growing vertical.
Last quarter, adjusted net income was $0.5 million, or $0.01 per share, up from a net loss of $3 million, or $0.05 per share, in the year-ago period. That result sailed by the analyst consensus estimate, which was for a loss of $0.06 per share.
First-quarter 2022 guidance
As always, management's guidance will be important because the market looks ahead. Indeed, first-quarter guidance could be a bigger factor than fourth-quarter results in moving the stock.
For Q1 2022, Wall Street is currently modeling for revenue to grow 14% year over year to $153 million. Analysts also expect an adjusted loss of $0.05 per share, which would be a slight improvement from the adjusted loss of $0.06 per share in the year-ago period.
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*Stock Advisor returns as of January 20, 2022
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Like last quarter, the 3D printing company's report will come ahead of that of its archrival, 3D Systems (NYSE: DDD), which plans to announce its fourth-quarter and full-year 2021 results after the market close on Monday, Feb. 28. Stratasys (NASDAQ: SSYS) is slated to report its fourth-quarter and full-year 2021 results before the market open on Wednesday, Feb. 23. Last quarter, Stratasys sped by Wall Street's revenue and earnings expectations, resulting in investors driving shares up 13%.
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Like last quarter, the 3D printing company's report will come ahead of that of its archrival, 3D Systems (NYSE: DDD), which plans to announce its fourth-quarter and full-year 2021 results after the market close on Monday, Feb. 28. Last quarter, Stratasys sped by Wall Street's revenue and earnings expectations, resulting in investors driving shares up 13%. Stratasys' key quarterly numbers Below are the company's results from the year-ago quarter and Wall Street's consensus estimates to use as benchmarks.
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Like last quarter, the 3D printing company's report will come ahead of that of its archrival, 3D Systems (NYSE: DDD), which plans to announce its fourth-quarter and full-year 2021 results after the market close on Monday, Feb. 28. Last quarter, Stratasys sped by Wall Street's revenue and earnings expectations, resulting in investors driving shares up 13%. In other words, Stratasys needs to turn in revenue greater than $160.2 million in the fourth quarter of 2021 in order for its revenue for the period to exceed its revenue in the pre-pandemic period two years ago.
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Like last quarter, the 3D printing company's report will come ahead of that of its archrival, 3D Systems (NYSE: DDD), which plans to announce its fourth-quarter and full-year 2021 results after the market close on Monday, Feb. 28. Last quarter, Stratasys sped by Wall Street's revenue and earnings expectations, resulting in investors driving shares up 13%. Last year, Stratasys stock underperformed the market, gaining 18.2%, compared to the S&P 500's 28.7% return.
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96df5a4f-be8d-467d-b34f-3d6a876ee6c8
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716537.0
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2022-02-09 00:00:00 UTC
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3D Systems Earnings: What to Watch on Feb. 28
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DDD
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https://www.nasdaq.com/articles/3d-systems-earnings%3A-what-to-watch-on-feb.-28
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nan
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nan
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3D Systems (NYSE: DDD) is slated to report its fourth-quarter and full-year 2021 results after the market close on Monday, Feb. 28. An analyst conference call is scheduled for 4:30 p.m. ET on the same day.
The 3D printing company is approaching its release on a mixed note. On the positive side, it's been making good progress on its turnaround. And in each of the three quarters reported so far for 2021, it has beaten Wall Street's expectations for both revenue and earnings.
On the other hand, last quarter, management issued a full-year 2021 outlook for adjusted gross margin, 42%, that disappointed some investors. It implies the fourth-quarter result for this metric could be weaker than that for the first nine months of the year, which was 42.6%.
Investors should be prepared for 3D Systems stock to be volatile following the company's earnings release. I'll repeat my usual earnings preview warning: The volatility is partly due to the stock having a relatively substantial short interest. (Short-sellers are those who bet that a stock will decline.)
In 2022, 3D Systems stock is down 14.6% through Feb. 8, while the S&P 500 index is down about 5%. The stock's decline is probably in part due to market dynamics stemming from the expectation that the Federal Reserve will soon begin raising interest rates. Some investors have been rotating out of tech stocks and into stocks in sectors that tend to hold up better in a rising rate environment.
In 2021, 3D Systems stock was, by far, the best-performing pure-play U.S.-listed 3D printing stock. Despite a big pullback following its surge early last year, it still managed to notch a 106% annual gain. The S&P 500 returned 28.7% in 2021.
Here's what to watch in 3D Systems' Q4 report.
Image source: Getty Images.
3D Systems' key quarterly numbers
Below are the company's results from the year-ago quarter and Wall Street's consensus estimates to use as benchmarks.
METRIC
Q4 2020 RESULT
WALL STREET'S Q4 2021 CONSENSUS ESTIMATE WALL STREET'S PROJECTED YEAR-OVER-YEAR CHANGE
Revenue
$172.7 million
$144.2 million
(17%)
Adjusted earnings per share (EPS)
$0.09 $0.04 (56%)
Data sources: 3D Systems and Yahoo! Finance.
Investors should know that Wall Street's expectation that 3D Systems' revenue will decline 17% year over year doesn't accurately reflect demand for the company's products. That's because over the last year, it's been divesting noncore assets. Management has been providing organic revenue and that's the more important revenue number.
The company is facing a tough comparable for adjusted earnings. In the fourth quarter of 2020, its adjusted EPS surged 80% year over year. That was a particularly solid performance given that period was during the pandemic and the year-ago period (Q4 2019) was not.
For context, in the third quarter of 2021, 3D Systems' revenue rose 15% year over year (and 36%, excluding the impact of divestitures) to $156.1 million. That result sailed by the $144.5 million Wall Street had been expecting. Growth was driven by the healthcare segment, whose revenue jumped 28% (45%, adjusted for divestitures). The industrial segment's revenue increased 4% (28%, adjusted for divestitures).
Last quarter, adjusted EPS was $0.08, up from a loss of $0.03 per share in the year-ago period. That result easily exceeded the EPS of $0.05 that analysts had projected.
First-quarter 2022 guidance
Because the market looks ahead, 3D Systems stock's reaction to the upcoming release could hinge more on management's outlook than on fourth-quarter results.
It remains to be seen, however, if management will begin issuing revenue and earnings guidance. Recently, it's only been issuing guidance for adjusted gross margin. This was understandable last year because the company was selling off noncore assets and because the earlier stages of the pandemic clouded visibility. But, hopefully, in 2022, management will get back to at least providing a quarterly revenue outlook.
For the first quarter of 2022, Wall Street is currently modeling for revenue to decline 9% year over year to $133 million. Analysts also expect adjusted EPS of $0.02, down from $0.17 per share in the year-ago period.
10 stocks we like better than 3D Systems
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They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 20, 2022
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) is slated to report its fourth-quarter and full-year 2021 results after the market close on Monday, Feb. 28. I'll repeat my usual earnings preview warning: The volatility is partly due to the stock having a relatively substantial short interest. The stock's decline is probably in part due to market dynamics stemming from the expectation that the Federal Reserve will soon begin raising interest rates.
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3D Systems (NYSE: DDD) is slated to report its fourth-quarter and full-year 2021 results after the market close on Monday, Feb. 28. 3D Systems' key quarterly numbers Below are the company's results from the year-ago quarter and Wall Street's consensus estimates to use as benchmarks. Revenue $172.7 million $144.2 million (17%) Adjusted earnings per share (EPS) $0.09 $0.04 (56%) Data sources: 3D Systems and Yahoo!
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3D Systems (NYSE: DDD) is slated to report its fourth-quarter and full-year 2021 results after the market close on Monday, Feb. 28. Investors should know that Wall Street's expectation that 3D Systems' revenue will decline 17% year over year doesn't accurately reflect demand for the company's products. For context, in the third quarter of 2021, 3D Systems' revenue rose 15% year over year (and 36%, excluding the impact of divestitures) to $156.1 million.
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3D Systems (NYSE: DDD) is slated to report its fourth-quarter and full-year 2021 results after the market close on Monday, Feb. 28. Investors should be prepared for 3D Systems stock to be volatile following the company's earnings release. In the fourth quarter of 2020, its adjusted EPS surged 80% year over year.
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2dbd6e30-9790-4b80-a008-ce13bcd8c119
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716538.0
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2022-01-27 00:00:00 UTC
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Interesting DDD Put And Call Options For March 11th
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DDD
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https://www.nasdaq.com/articles/interesting-ddd-put-and-call-options-for-march-11th
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nan
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 11th contracts and identified one put and one call contract of particular interest.
The put contract at the $16.00 strike price has a current bid of 71 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $16.00, but will also collect the premium, putting the cost basis of the shares at $15.29 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $16.64/share today.
Because the $16.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 61%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.44% return on the cash commitment, or 37.67% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp., and highlighting in green where the $16.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $17.00 strike price has a current bid of $1.36. If an investor was to purchase shares of DDD stock at the current price level of $16.64/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $17.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.34% if the stock gets called away at the March 11th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $17.00 strike highlighted in red:
Considering the fact that the $17.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 8.17% boost of extra return to the investor, or 69.38% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 143%, while the implied volatility in the call contract example is 93%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $16.64) to be 91%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $17.00 strike highlighted in red: Considering the fact that the $17.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 11th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $17.00 strike highlighted in red: Considering the fact that the $17.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 11th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $17.00 strike highlighted in red: Considering the fact that the $17.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 11th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 11th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $17.00 strike highlighted in red: Considering the fact that the $17.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 11th expiration.
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1ce8de69-e812-4e53-b930-f56d5d4f3256
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716539.0
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2022-01-21 00:00:00 UTC
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Proto Labs Poised to Kick Off 3D Printing Q4 Earnings Season
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DDD
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https://www.nasdaq.com/articles/proto-labs-poised-to-kick-off-3d-printing-q4-earnings-season
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nan
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nan
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Proto Labs (NYSE: PRLB), a leading quick-turn contract manufacturer, is slated to report its fourth-quarter and full-year 2021 results before the market opens on Friday, Feb. 11. An analyst conference call is scheduled for 8:30 a.m. ET the same day.
The company (which offers traditional manufacturing and 3D printing services) usually kicks off the quarterly earnings season for the 3D printing space. It appears poised to do so once again. As of this writing, 3D Systems, Stratasys, and other 3D printing players haven't yet announced their release dates. (As for 3D Systems, in 2021, its stock was the best-performing pure-play U.S.-listed 3D printing stock.)
Investors are certainly hoping Proto Labs stock will perform better in 2022 than it did in 2021. Last year, the stock dropped 72%. The company has been underperforming Wall Street's expectations due in part to a pandemic-driven slowdown in ordering from industrial companies, global supply chain issues, and rising input costs.
This will be the first quarter reported under the interim CFO, Dan Schumacher, who is also the vice president of investor relations. John Way, the company's longtime financial leader, reportedly resigned effective Nov. 30, 2021.
Here's what to watch in Proto Labs' upcoming fourth-quarter report.
Image source: Getty Images.
Proto Labs' key quarterly numbers
METRIC
Q4 2020 RESULT
Q4 2021 WALL STREET CONSENSUS ESTIMATE
PROJECTED CHANGE (YOY)
Revenue
$105.2 million
$117.4 million
12%
Adjusted earnings per share (EPS)
$0.50
$0.27
(46%)
Data sources: Proto Labs and Yahoo! Finance. YOY = year over year.
Proto Labs' fourth-quarter results will get a boost from its $280 million acquisition of 3D Hubs, which closed in late January 2021. At the time of the deal, the company described 3D Hubs as "a leading online manufacturing platform that provides customers with on-demand access to a global network of approximately 240 premium manufacturing partners."
For context, in the third quarter, Proto Labs' revenue grew 17% year over year to $125.3 million. Excluding the contribution from 3D Hubs, revenue rose 8.4%. Growth was driven by the CNC machining, 3D printing, and sheet metal businesses, which experienced revenue increases of 32%, 14%, and 22%, respectively. Injection molding, the company's largest business, was the slowest grower, with sales rising 8.3% year over year.
Last quarter, adjusted for one-time items, net income was $9.7 million, or $0.35 per share, down 48% year over year. This result fell short of the analyst consensus estimate of $0.43.
First-quarter 2022 guidance
The market's reaction to Proto Labs' earnings release will probably hinge more on the company's first-quarter 2022 guidance than its fourth-quarter 2021 results, relative to Wall Street's expectations.
For the first quarter, analysts are currently modeling for adjusted EPS to edge down 5% year over year to $0.38 and revenue to increase 8.4% to $125.9 million.
In the first quarter, Proto Labs will only get a partial quarterly boost from its 3D Hubs acquisition because it will be lapping its one-year anniversary of buying the company on Jan. 25.
10 stocks we like better than Proto Labs
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Proto Labs wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of January 10, 2022
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Proto Labs (NYSE: PRLB), a leading quick-turn contract manufacturer, is slated to report its fourth-quarter and full-year 2021 results before the market opens on Friday, Feb. 11. Proto Labs' fourth-quarter results will get a boost from its $280 million acquisition of 3D Hubs, which closed in late January 2021. Growth was driven by the CNC machining, 3D printing, and sheet metal businesses, which experienced revenue increases of 32%, 14%, and 22%, respectively.
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Revenue $105.2 million $117.4 million 12% Adjusted earnings per share (EPS) $0.50 $0.27 (46%) Data sources: Proto Labs and Yahoo! For context, in the third quarter, Proto Labs' revenue grew 17% year over year to $125.3 million. First-quarter 2022 guidance The market's reaction to Proto Labs' earnings release will probably hinge more on the company's first-quarter 2022 guidance than its fourth-quarter 2021 results, relative to Wall Street's expectations.
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For context, in the third quarter, Proto Labs' revenue grew 17% year over year to $125.3 million. In the first quarter, Proto Labs will only get a partial quarterly boost from its 3D Hubs acquisition because it will be lapping its one-year anniversary of buying the company on Jan. 25. 10 stocks we like better than Proto Labs When our award-winning analyst team has a stock tip, it can pay to listen.
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(As for 3D Systems, in 2021, its stock was the best-performing pure-play U.S.-listed 3D printing stock.) For context, in the third quarter, Proto Labs' revenue grew 17% year over year to $125.3 million. For the first quarter, analysts are currently modeling for adjusted EPS to edge down 5% year over year to $0.38 and revenue to increase 8.4% to $125.9 million.
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df80244b-8af8-4ea7-8ccc-d4a45f362d01
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716540.0
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2022-01-13 00:00:00 UTC
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March 4th Options Now Available For 3D Systems
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DDD
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https://www.nasdaq.com/articles/march-4th-options-now-available-for-3d-systems
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nan
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 4th contracts and identified one put and one call contract of particular interest.
The put contract at the $19.00 strike price has a current bid of $1.05. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $19.00, but will also collect the premium, putting the cost basis of the shares at $17.95 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $19.90/share today.
Because the $19.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 5.53% return on the cash commitment, or 40.34% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp., and highlighting in green where the $19.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $23.00 strike price has a current bid of 60 cents. If an investor was to purchase shares of DDD stock at the current price level of $19.90/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $23.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 18.59% if the stock gets called away at the March 4th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $23.00 strike highlighted in red:
Considering the fact that the $23.00 strike represents an approximate 16% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 59%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 3.02% boost of extra return to the investor, or 22.01% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 135%, while the implied volatility in the call contract example is 149%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 253 trading day closing values as well as today's price of $19.90) to be 94%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $23.00 strike highlighted in red: Considering the fact that the $23.00 strike represents an approximate 16% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 4th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $23.00 strike highlighted in red: Considering the fact that the $23.00 strike represents an approximate 16% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 4th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $23.00 strike highlighted in red: Considering the fact that the $23.00 strike represents an approximate 16% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 4th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 4th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new March 4th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $23.00 strike highlighted in red: Considering the fact that the $23.00 strike represents an approximate 16% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the March 4th expiration.
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a4514578-0d6d-4654-a17c-ffe54c10ac33
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716541.0
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2022-01-11 00:00:00 UTC
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Desktop Metal: For Patient Investors Only
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DDD
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https://www.nasdaq.com/articles/desktop-metal%3A-for-patient-investors-only
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Desktop Metal (NYSE:DM) picked the wrong time to have a bad quarter. The 3D printing company lost almost $67 million, or 26 cents per share, on revenue of $25.4 million during the third quarter. This was much worse than expected, as analysts forecasted a loss of 9 cents a share on revenue of $27.1 million. DM stock is down around 43% since the Nov. 15 report and off more than 77% over the past year.
Source: shutterstock.com/Alex_Traksel
Even if the company hasn’t given up on its mass production system, investors have. Lawyers are lining up shareholders to sue the company for misleading them. And Desktop Metal, which is trading for less than $5 a share, is being called a penny stock.
DM Stock Investors Get Their Hopes Dashed
I have been following 3D printing stocks for nearly a decade, ever since Bre Pettis tried to make the MakerBot Replicator a consumer product after early 3D printing patents expired. That effort failed, as did many others.
What’s now called additive manufacturing is an industrial market. It is led by 3D Systems (NYSE:DDD), based in the Charlotte suburb of Rock Hill, S.C. While DM stock was falling last year, shares of 3D Systems more than doubled.
7 High Risk Stocks That Are Worth The Volatile Vibes
Desktop Metal was founded in 2015. It went public in December 2020 through a special purpose acquisition company merger with a SPAC called Trine Acquisition. CEO Ric Fulop is a serial entrepreneur best known for A123 Systems, which makes car batteries.
With an expected valuation of up to $2.5 billion heading into its public debut, Desktop Metal was what’s known as a unicorn. And like many other hot stocks, it got swept up in the tech trading frenzy of early 2021, with shares hitting a high of nearly $35 in February.
Since then, it’s been a painful road for DM stock investors. Insiders have dumped shares and DM stock sits 87% below its all-time high made less than a year ago.
Looking Ahead
Cloud and software startups find it easy to scale since the cloud delivers the needed infrastructure at a low cost. Companies like Desktop Metal must make sales and then figure out how to scale manufacturing at a profit.
This has proven difficult. The history of 3D printing, or additive manufacturing, is one of hype, hope and disappointment.
There have been successes, such as in the medical market, where the fine tolerance of the process can deliver a reliable artificial knee or tooth. General Electric (NYSE:GE) has also used 3D printing for jet engines and wind turbines.
Desktop Metal uses a technology for metals like the fused deposition modeling (FDM) process used with plastics by Pettis’ MakerBot. It’s sometimes compared to inkjet printing. For mass production the process is called Single Pass Jetting, spraying a binding agent on metal powder and fusing each layer with pressure. The company also offers its own prototyping software, called Live Parts.
The Bottom Line on DM Stock
Desktop Metal took advantage of the SPAC boom to raise a lot of money. An ethicist would say it shouldn’t have gone public. An entrepreneur would say that when a funding window opens, you jump through it.
Desktop Metal used this money to buy eight other small companies in its space in mostly all-cash transactions. Investors, who saw this as a profit strategy rather than a growth strategy, were disappointed. However, the biggest of Desktop Metal’s deals, the purchase of ExOne for $191.4 million in cash and stock that was completed in November, will more than double the company’s revenue base.
The 3D printing field is growing, but it’s a game that requires patience. If you’re not willing to hold DM stock for at least five years, it’s better to stay away.
On the date of publication, Dana Blankenhorn held no positions in any company mentioned in this story. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Dana Blankenhorn has been a financial journalist since 1978. His latest book is Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn.
The post Desktop Metal: For Patient Investors Only appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It is led by 3D Systems (NYSE:DDD), based in the Charlotte suburb of Rock Hill, S.C. For mass production the process is called Single Pass Jetting, spraying a binding agent on metal powder and fusing each layer with pressure. The Bottom Line on DM Stock Desktop Metal took advantage of the SPAC boom to raise a lot of money.
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It is led by 3D Systems (NYSE:DDD), based in the Charlotte suburb of Rock Hill, S.C. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Desktop Metal (NYSE:DM) picked the wrong time to have a bad quarter. Source: shutterstock.com/Alex_Traksel Even if the company hasn’t given up on its mass production system, investors have.
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It is led by 3D Systems (NYSE:DDD), based in the Charlotte suburb of Rock Hill, S.C. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Desktop Metal (NYSE:DM) picked the wrong time to have a bad quarter. DM Stock Investors Get Their Hopes Dashed I have been following 3D printing stocks for nearly a decade, ever since Bre Pettis tried to make the MakerBot Replicator a consumer product after early 3D printing patents expired.
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It is led by 3D Systems (NYSE:DDD), based in the Charlotte suburb of Rock Hill, S.C. And Desktop Metal, which is trading for less than $5 a share, is being called a penny stock. Since then, it’s been a painful road for DM stock investors.
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2022-01-06 00:00:00 UTC
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Why Proto Labs Stock Plunged 67% in 2021
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DDD
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https://www.nasdaq.com/articles/why-proto-labs-stock-plunged-67-in-2021
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What happened
Shares of quick-turn contract manufacturer Proto Labs (NYSE: PRLB) plummeted 66.5% in 2021, according to data from S&P Global Market Intelligence. The stock's poor performance can be largely attributed to fallout from the pandemic and the company underperforming Wall Street's expectations, as we'll explore in a moment.
For context, the S&P 500 and tech-heavy Nasdaq Composite indexes returned 28.7% and 22.2%, respectively, last year.
Proto Labs offers both traditional manufacturing and 3D printing services. It doesn't have good comparables, but some imperfect context seems better than no context. With that said, pure-play 3D printing companies Stratasys and 3D Systems gained 18.2% and 106%, respectively, in 2021. While still a quite imperfect comparable, Stratasys is now the better comparison for Proto Labs because 3D Systems sold its on-demand service business in the third quarter of last year.
(Here's why 3D Systems was the best-performing pure-play, U.S.-listed 3D printing stock in 2021.)
A 3D printer. Image source: Getty Images.
So what
Proto Labs' results were significantly hurt by the pandemic. Its customers include numerous industrial companies, many of which paused their ordering during the earlier stages of the pandemic. Proto Labs' bottom-line results haven't rebounded from the pandemic hit to the degree that investors would like to see. The company's earnings fell short of Wall Street's consensus estimates (which were modest to begin with) in both the second and third quarters of 2021.
In the third quarter, total revenue grew 17% year over year to $125.3 million. Organic revenue growth (which excludes contributions from acquisitions made within the last year) was a more modest 8.4%. Adjusted for one-time items, net income fell 46% to $9.7 million, which translated to earnings per share (EPS) dropping 48% year over year to $0.35. This result missed Wall Street's expectation of $0.43.
For the first nine months of 2021, Proto Labs' adjusted net income declined 37% year over year to $31.4 million, and its operating cash flow fell 61% to $32.2 million.
Now what
Proto Labs hasn't yet announced a date for the release of its fourth-quarter 2021 results, but it will probably be about mid-February. For the fourth quarter, Wall Street is modeling for revenue to grow 12% year over year to $117.4 million and adjusted EPS to drop 46% to $0.27.
There's a good argument to be made that Proto Labs stock has been beaten down too much. The company has performed well over the long term. And Wall Street is modeling for it to grow adjusted EPS at an average annual rate of 25% over the next five years.
That said, some investors might want to wait a couple of quarters before making any investment decisions in order to see how the company performs under the current top management team. The CEO is relatively new to the position (he took the reins on March 1, 2021), and as of Dec. 1, 2021, the company is operating with an interim chief financial officer because its long-term CFO reportedly resigned.
10 stocks we like better than Proto Labs
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and Proto Labs wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 16, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of quick-turn contract manufacturer Proto Labs (NYSE: PRLB) plummeted 66.5% in 2021, according to data from S&P Global Market Intelligence. That said, some investors might want to wait a couple of quarters before making any investment decisions in order to see how the company performs under the current top management team. The CEO is relatively new to the position (he took the reins on March 1, 2021), and as of Dec. 1, 2021, the company is operating with an interim chief financial officer because its long-term CFO reportedly resigned.
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Adjusted for one-time items, net income fell 46% to $9.7 million, which translated to earnings per share (EPS) dropping 48% year over year to $0.35. For the first nine months of 2021, Proto Labs' adjusted net income declined 37% year over year to $31.4 million, and its operating cash flow fell 61% to $32.2 million. For the fourth quarter, Wall Street is modeling for revenue to grow 12% year over year to $117.4 million and adjusted EPS to drop 46% to $0.27.
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While still a quite imperfect comparable, Stratasys is now the better comparison for Proto Labs because 3D Systems sold its on-demand service business in the third quarter of last year. For the first nine months of 2021, Proto Labs' adjusted net income declined 37% year over year to $31.4 million, and its operating cash flow fell 61% to $32.2 million. For the fourth quarter, Wall Street is modeling for revenue to grow 12% year over year to $117.4 million and adjusted EPS to drop 46% to $0.27.
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This result missed Wall Street's expectation of $0.43. For the fourth quarter, Wall Street is modeling for revenue to grow 12% year over year to $117.4 million and adjusted EPS to drop 46% to $0.27. See the 10 stocks *Stock Advisor returns as of December 16, 2021 Beth McKenna has no position in any of the stocks mentioned.
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716543.0
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2022-01-02 00:00:00 UTC
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The Best and Worst 3D Printing Stocks of 2021
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https://www.nasdaq.com/articles/the-best-and-worst-3d-printing-stocks-of-2021
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Now that we've flipped the calendar to 2022, we're going to look at the performances of the pure-play 3D printing stocks in 2021.
Past performance is not necessarily indicative of future results. But considering a stock's past performance can be helpful in making investment decisions. Sometimes the same or similar catalysts still exist that drove a stock up or down in the past.
Last year, the 3D printing stock group included one big winner -- 3D Systems (NYSE: DDD) -- and several big losers, with Desktop Metal (NYSE: DM) the worst performer.
Image source: Getty Images.
How the 3D printing stocks stacked up in 2021
Companies had to be pure plays to make this list. Moreover, their stocks had to be small caps or larger (market caps of at least $300 million), listed on a major U.S. exchange, and publicly traded during the entire year.
COMPANY
MARKET CAP
WALL STREET'S PROJECTED 5-YEAR ANNUALIZED EPS GROWTH
2021 RETURN (DECLINE)
3-YEAR RETURN
3D Systems $2.8 billion 30% 106% 112%
Stratasys (NASDAQ: SSYS) $1.6 billion 33% 18.2% 36%
Materialise (NASDAQ: MTLS) $1.4 billion 63% (56%) 19.2%
Nano Dimension (NASDAQ: NNDM) $975 million N/A (58.2%) (65.8%)
Desktop Metal $1.5 billion N/A (71.2%) N/A
S&P 500
-- -- 28.7% 100%
Data sources: YCharts and Yahoo! Finance. EPS = earnings per share.
There is one fewer stock on this chart than in similar articles in past years. The ExOne Company, which focuses on industrial metal 3D printing, was acquired by Desktop Metal in November 2021.
Why did 3D Systems stock outperform?
Along with other 3D printing companies, 3D Systems' business took a big hit during the earlier stages of the pandemic. More specifically, its industrial vertical was significantly hurt by the crisis because many industrial companies either shut down entirely or scaled back operations after the global crisis exploded in early 2020. The company's healthcare business held up quite well.
3D Systems stock's strong performance in 2021 can probably be primarily attributed to company results that rebounded earlier and more robustly from the pandemic hit than others in its industry.
In the first nine months (or three quarters) of 2021, 3D Systems' revenue jumped 21% year over year to $464.8 million, even as the company sold off some noncore assets in 2021. It posted adjusted net income of $45.1 million, or $0.36 per share, compared with an adjusted net loss of $23.7 million, or $0.20 per share, in the year-ago period. And it generated cash from operations of $62.7 million, compared with using cash of $32.7 million running its operations in the first nine months of the prior year.
Why was Desktop Metal stock such a big loser?
One reason Desktop Metal stock performed so poorly last year wasn't within the company's control: Investors were overly enthusiastic and drove a surge in the price of the stock following its debut on the New York Stock Exchange in December 2021. In other words, the stock price got way ahead of where it should have been. This dynamic has been common for new listings, especially those that used the special-purpose acquisition company (SPAC) route.
Several other probable reasons for the stock's poor showing can be summed up by this snippet from my mid-November 2021 article following the company's release of its third-quarter results: "The reasons for caution include the lack of transparency about organic revenue growth, the scaling back of full-year guidance, and the type of strategy [growth by acquisitions] the company's pursuing."
One other likely reason for some investors' skepticism is the company's delay in releasing its highly touted Production System P-50. The targeted launch date for this product has been pushed back several times over the past few years.
What did The Motley Fool do to help its followers avoid taking a big beating on this stock in 2021? For my part, in a March 2021 article following the company's release of its full-year 2020 results, I wrote: "Desktop Metal stock is speculative. ... [The company's] revenue decline of 38% year over year underscores that caution is warranted." Indeed, the stock has plummeted 74% since that time.
Investors should remain cautious on Desktop Metal stock but keep an open mind, as it's extremely early in the game.
10 stocks we like better than 3D Systems
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of December 16, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last year, the 3D printing stock group included one big winner -- 3D Systems (NYSE: DDD) -- and several big losers, with Desktop Metal (NYSE: DM) the worst performer. 3D Systems stock's strong performance in 2021 can probably be primarily attributed to company results that rebounded earlier and more robustly from the pandemic hit than others in its industry. Several other probable reasons for the stock's poor showing can be summed up by this snippet from my mid-November 2021 article following the company's release of its third-quarter results: "The reasons for caution include the lack of transparency about organic revenue growth, the scaling back of full-year guidance, and the type of strategy [growth by acquisitions] the company's pursuing."
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Last year, the 3D printing stock group included one big winner -- 3D Systems (NYSE: DDD) -- and several big losers, with Desktop Metal (NYSE: DM) the worst performer. 3D Systems $2.8 billion 30% 106% 112% Stratasys (NASDAQ: SSYS) $1.6 billion 33% 18.2% 36% Materialise (NASDAQ: MTLS) $1.4 billion 63% (56%) 19.2% Nano Dimension (NASDAQ: NNDM) $975 million N/A (58.2%) (65.8%) Desktop Metal $1.5 billion N/A (71.2%) N/A One reason Desktop Metal stock performed so poorly last year wasn't within the company's control: Investors were overly enthusiastic and drove a surge in the price of the stock following its debut on the New York Stock Exchange in December 2021.
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Last year, the 3D printing stock group included one big winner -- 3D Systems (NYSE: DDD) -- and several big losers, with Desktop Metal (NYSE: DM) the worst performer. One reason Desktop Metal stock performed so poorly last year wasn't within the company's control: Investors were overly enthusiastic and drove a surge in the price of the stock following its debut on the New York Stock Exchange in December 2021. See the 10 stocks *Stock Advisor returns as of December 16, 2021 Beth McKenna has no position in any of the stocks mentioned.
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Last year, the 3D printing stock group included one big winner -- 3D Systems (NYSE: DDD) -- and several big losers, with Desktop Metal (NYSE: DM) the worst performer. How the 3D printing stocks stacked up in 2021 Companies had to be pure plays to make this list. Along with other 3D printing companies, 3D Systems' business took a big hit during the earlier stages of the pandemic.
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0493ff85-d779-43f8-9c64-774fdc4c35fb
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716544.0
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2021-12-30 00:00:00 UTC
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Our Stock Picks That Doubled Shareholders' Money In 2021
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DDD
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https://www.nasdaq.com/articles/our-stock-picks-that-doubled-shareholders-money-in-2021
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nan
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(RTTNews) - As we wrap up this year, here's a look at our stock picks of 2021 that have made triple-digit gains in less than a year.
The spread of COVID-19, emergence of the Delta variant and supply-chain woes have all taken a toll on the stock market. Amid these multiple hardships, several of our stock picks have fared well by yielding up to 381% returns to shareholders.
Looking ahead, companies with strong earnings growth potential could be good investment options in 2022, amid the new Omicron variant which is taking hold around the world.
We published about 180 stocks between January 2021 and December 2021 in our premium services sections - 'Short-Term Investor' and 'Small Stocks - Big Potential'. Some have already more than doubled in 2021. Several of these stocks are primed to take off next year amid accelerating economic recovery.
Some of our top picks that logged triple-digit gains this year were Upstart Holdings Inc. (UPST), iRhythm Technologies Inc. (IRTC), Datadog Inc. (DDOG), Lucid Group Inc. (LCID), Unity Software Inc. (U), Ambarella Inc. (AMBA), DoorDash Inc. (DASH), Bloom Energy Corp. (BE), 3D Systems Corp. (DDD), and Mimecast Ltd. (MIME).
Let us take a look at some of the top performers of 2021 so far!
The shares of Upstart Holdings Inc. (UPST) have had an impressive price rally this year. We profiled this cloud-based AI lending platform provider on March 18, 2021 at an opening price of $83.54, yielding around 105.7% in just 50 trading days. The stock further soared and reached an all-time high of $401.49 on October 15, 2021, representing a gain of over 380% from our published price.
Recent Happening
The San Mateo, California-based company Upstart, on December 9, 2021, announced a partnership with the National Bankers Association to improve access to affordable credit for customers of minority-owned depository institutions or MDIs through a unique agreement to use Upstart's AI lending platform.
Q4 Outlook
The company projects Q4 revenue in the range of $255 million - $265 million, with net income of $16 million - $20 million, and adjusted net income of $48 million - $50 million. Seven Wall Street analysts currently expects revenue of $262.84 million for the quarter.
**
Another stock pick worth mentioning is iRhythm Technologies Inc. (IRTC). It has returned over 158% in just 62 trading days. We alerted this stock to our subscribers on August 6, 2021 at a price of $49.35. The stock reached an intra-day high of $127.61 on November 3, 2021, representing a gain of 158.6% from our published price.
Looking ahead...
Based on unforeseen ongoing impacts from the COVID-19 Delta variant, customer staffing challenges and delayed new account launches and expansion, the company has lowered its full-year revenue guidance.
The company now expects revenue to range from $317 million to $319 million for the full year 2021, representing year over year growth of about 20%. This compares to previous revenue guidance of $320 million - $325 million. Ten Wall Street analysts have a consensus revenue estimate of $319.15 million for the year 2021.
**
Datadog Inc. (DDOG) featured on our 'Short-Term Investor' on May 7, 2021 at an opening price of $79.34. The stock reached an all-time high of $199.68 on November 17, 2021, representing a gain of 151.7% from our published price.
What's In Store For Q4, FY21?
For the fourth quarter, the company expects revenues to be in the range of $290 million - $292 million, which represents 64% year-over-year growth at the midpoint. Non-GAAP operating income is expected to be in the range of $38 million - $40 million, and non-GAAP earnings per share is expected to be between $0.11 and $0.12 per share. Analysts polled by Thomson Reuters currently expect Q4 earnings of $0.12 per share on revenue of $291.48 million. Analysts' estimate typically exclude certain special items.
For the full year 2021, revenue is expected to be in the range of $993 million - $995 million, which represents a 65% year-over-year growth at the midpoint. Non-GAAP operating income is expected to be in the range of $113 million - $135 million, and non-GAAP earnings per share between $0.39 and $0.40 per share. Wall Street analysts currently estimate earnings of $0.40 per share on revenue of $994.39 million for the year 2021.
**
Our alert on Lucid Group Inc. (LCID) was published on September 21, 2021 when it was trading around $24.60. The stock reached an intra-day high of $57.75 on November 17, 2021, yielding a return of 134.8% in just 41 trading days.
Looking Forward...
The company sees significant demand for the Lucid Air, with accelerating reservations as it ramps production at its factory in Arizona. Further, the company remains confident in its ability to achieve 20,000 units in 2022.
**
Yet another multibagger stock Unity Software Inc. (U) has surged from $89.90 (May 12, 2021) to an all-time high of $210.00 (November 18, 2021) - yielding around 133% return in this period.
Q4, FY21 Guidance
Unity Software sees Q4 revenue in the range of $285 million - $290 million, representing a year-over-year revenue growth of 29% - 32%. Thirteen Wall Street analysts have a consensus revenue estimate of $294.79 million for the quarter.
For fiscal 2021, the company raised its revenue outlook range to $1.080 billion - $1.085 billion, from the previously communicated range of $1.045 billion - $1.060 billion. Sixteen Wall Street analysts look for revenue of $1.09 billion for the year 2021.
**
Semiconductor solutions provider Ambarella Inc. (AMBA) featured on our 'Short-Term Investor' on June 2, 2021 when it was trading around $103.55. The stock reached an all-time high of $227.59 on December 1, 2021, representing a gain of 119.8% from our published price.
Looking Ahead...
Ambarella expects Q4 revenue in the range of $88.5 million - $91.5 million, and non-GAAP Gross margin between 63.0% and 64.0%. Fifteen Wall Street analysts estimate revenue of $90.12 million for the quarter.
**
May 14, 2021, we identified logistics platform provider DoorDash Inc. (DASH) when it was trading around $124.00. DASH rose to an all-time high of $257.25 on November 15, 2021, marking a gain of 107.5% from our published price.
Recent Happening
On December 6, the company introduced ultra-fast grocery deliveries in 10-15 minutes beginning with DashMart in New York City. With over 2,000 items, DashMart offers a wide assortment of fresh and frozen grocery staples, snacks, household goods, and local products to fulfill any last minute shopping needs.
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We profiled Bloom Energy Corp. (BE) on October 6, 2021 at $18.04. The stock made our list by yielding a return of over 105% in just 23 trading days. BE rose and touched an intra-day high of $37.01 on November 8, 2021, representing a gain of 105.2% from our published price.
As recently as on December 20, Bloom Energy announced that India's largest energy conglomerate NTPC Ltd. has selected Bloom's electrolyzer and hydrogen-powered fuel cell technologies for the country's first green hydrogen-based energy storage deployment. As part of India's pledge to reach carbon neutrality by 2070, the project is designed to explore large-scale, off-grid hydrogen energy storage and microgrid projects at strategic locations throughout the country.
**
3D Systems Corp. (DDD) piqued our interest when it was trading around $20.28 on May 11, 2021. DDD has returned over 104% in just 32 trading days. The stock rose to $41.48 in intraday on June 25, 2021 marking a gain of 104.5% from our published price.
Last month, 3D Systems said it has closed its upsized offering of $460.0 million aggregate principal amount of 0% convertible senior notes due 2026, including $60.0 million of notes issued upon the exercise in full of the initial purchasers' option to purchase additional notes.
**
Cyber security Mimecast Ltd. (MIME) featured on our 'Short-Term Investor' on May 11, 2021 at an opening price of $42.61. The stock reached an all-time high of $85.48 on November 18, 2021, representing a gain of 100.6% from our published price.
In The Cards for Future...
For the third quarter, the company projects revenue in the range of $149.2 million - $150.7 million and constant currency revenue growth between 13% and 14%.
For the full year 2022, revenue is expected to be in the range of $589.9 million - $593.6 million and constant currency revenue growth is expected to be in the range of 14% - 15%.
***
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some of our top picks that logged triple-digit gains this year were Upstart Holdings Inc. (UPST), iRhythm Technologies Inc. (IRTC), Datadog Inc. (DDOG), Lucid Group Inc. (LCID), Unity Software Inc. (U), Ambarella Inc. (AMBA), DoorDash Inc. (DASH), Bloom Energy Corp. (BE), 3D Systems Corp. (DDD), and Mimecast Ltd. (MIME). ** 3D Systems Corp. (DDD) piqued our interest when it was trading around $20.28 on May 11, 2021. DDD has returned over 104% in just 32 trading days.
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Some of our top picks that logged triple-digit gains this year were Upstart Holdings Inc. (UPST), iRhythm Technologies Inc. (IRTC), Datadog Inc. (DDOG), Lucid Group Inc. (LCID), Unity Software Inc. (U), Ambarella Inc. (AMBA), DoorDash Inc. (DASH), Bloom Energy Corp. (BE), 3D Systems Corp. (DDD), and Mimecast Ltd. (MIME). ** 3D Systems Corp. (DDD) piqued our interest when it was trading around $20.28 on May 11, 2021. DDD has returned over 104% in just 32 trading days.
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Some of our top picks that logged triple-digit gains this year were Upstart Holdings Inc. (UPST), iRhythm Technologies Inc. (IRTC), Datadog Inc. (DDOG), Lucid Group Inc. (LCID), Unity Software Inc. (U), Ambarella Inc. (AMBA), DoorDash Inc. (DASH), Bloom Energy Corp. (BE), 3D Systems Corp. (DDD), and Mimecast Ltd. (MIME). ** 3D Systems Corp. (DDD) piqued our interest when it was trading around $20.28 on May 11, 2021. DDD has returned over 104% in just 32 trading days.
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Some of our top picks that logged triple-digit gains this year were Upstart Holdings Inc. (UPST), iRhythm Technologies Inc. (IRTC), Datadog Inc. (DDOG), Lucid Group Inc. (LCID), Unity Software Inc. (U), Ambarella Inc. (AMBA), DoorDash Inc. (DASH), Bloom Energy Corp. (BE), 3D Systems Corp. (DDD), and Mimecast Ltd. (MIME). ** 3D Systems Corp. (DDD) piqued our interest when it was trading around $20.28 on May 11, 2021. DDD has returned over 104% in just 32 trading days.
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27c6d0a5-aaa3-441d-a519-fc9a2342cd67
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716545.0
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2021-11-23 00:00:00 UTC
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Analysts Predict 14% Gains Ahead For IJT
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DDD
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https://www.nasdaq.com/articles/analysts-predict-14-gains-ahead-for-ijt
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nan
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nan
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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the iShares S&P Small-Cap 600 Growth ETF (Symbol: IJT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $160.04 per unit.
With IJT trading at a recent price near $140.62 per unit, that means that analysts see 13.81% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of IJT's underlying holdings with notable upside to their analyst target prices are 3D Systems Corp. (Symbol: DDD), Enanta Pharmaceuticals Inc (Symbol: ENTA), and Advanced Energy Industries Inc (Symbol: AEIS). Although DDD has traded at a recent price of $23.06/share, the average analyst target is 20.80% higher at $27.86/share. Similarly, ENTA has 19.42% upside from the recent share price of $75.18 if the average analyst target price of $89.78/share is reached, and analysts on average are expecting AEIS to reach a target price of $106.12/share, which is 18.85% above the recent price of $89.29. Below is a twelve month price history chart comparing the stock performance of DDD, ENTA, and AEIS:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
iShares S&P Small-Cap 600 Growth ETF IJT $140.62 $160.04 13.81%
3D Systems Corp. DDD $23.06 $27.86 20.80%
Enanta Pharmaceuticals Inc ENTA $75.18 $89.78 19.42%
Advanced Energy Industries Inc AEIS $89.29 $106.12 18.85%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although DDD has traded at a recent price of $23.06/share, the average analyst target is 20.80% higher at $27.86/share. iShares S&P Small-Cap 600 Growth ETF IJT $140.62 $160.04 13.81% 3D Systems Corp. DDD $23.06 $27.86 20.80% Enanta Pharmaceuticals Inc ENTA $75.18 $89.78 19.42% Advanced Energy Industries Inc AEIS $89.29 $106.12 18.85% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IJT's underlying holdings with notable upside to their analyst target prices are 3D Systems Corp. (Symbol: DDD), Enanta Pharmaceuticals Inc (Symbol: ENTA), and Advanced Energy Industries Inc (Symbol: AEIS).
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Three of IJT's underlying holdings with notable upside to their analyst target prices are 3D Systems Corp. (Symbol: DDD), Enanta Pharmaceuticals Inc (Symbol: ENTA), and Advanced Energy Industries Inc (Symbol: AEIS). iShares S&P Small-Cap 600 Growth ETF IJT $140.62 $160.04 13.81% 3D Systems Corp. DDD $23.06 $27.86 20.80% Enanta Pharmaceuticals Inc ENTA $75.18 $89.78 19.42% Advanced Energy Industries Inc AEIS $89.29 $106.12 18.85% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although DDD has traded at a recent price of $23.06/share, the average analyst target is 20.80% higher at $27.86/share.
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Three of IJT's underlying holdings with notable upside to their analyst target prices are 3D Systems Corp. (Symbol: DDD), Enanta Pharmaceuticals Inc (Symbol: ENTA), and Advanced Energy Industries Inc (Symbol: AEIS). Although DDD has traded at a recent price of $23.06/share, the average analyst target is 20.80% higher at $27.86/share. Below is a twelve month price history chart comparing the stock performance of DDD, ENTA, and AEIS: Below is a summary table of the current analyst target prices discussed above:
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iShares S&P Small-Cap 600 Growth ETF IJT $140.62 $160.04 13.81% 3D Systems Corp. DDD $23.06 $27.86 20.80% Enanta Pharmaceuticals Inc ENTA $75.18 $89.78 19.42% Advanced Energy Industries Inc AEIS $89.29 $106.12 18.85% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of IJT's underlying holdings with notable upside to their analyst target prices are 3D Systems Corp. (Symbol: DDD), Enanta Pharmaceuticals Inc (Symbol: ENTA), and Advanced Energy Industries Inc (Symbol: AEIS). Although DDD has traded at a recent price of $23.06/share, the average analyst target is 20.80% higher at $27.86/share.
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0aea7a41-40b1-4612-9052-33f94d7a8047
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716546.0
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2021-11-16 00:00:00 UTC
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Desktop Metal Stock Drops on Earnings Miss and Guidance Cut
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DDD
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https://www.nasdaq.com/articles/desktop-metal-stock-drops-on-earnings-miss-and-guidance-cut
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nan
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nan
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Desktop Metal (NYSE: DM) reported third-quarter 2021 results after the market close on Monday that disappointed market participants in the day's after-hours trading session. They drove shares down 5.7% after hours, which followed the stock's 6.9% decline in Monday's regular trading session.
In 2021, shares of Desktop Metal (which went public in December 2020 via a special purpose acquisition company, or SPAC) are down 53.4% through Monday's regular trading session. By comparison, the S&P 500 index has returned 26.2%, and shares of 3D printing companies 3D Systems and Stratasys are up 149% and 59.7%, respectively, over this period.
Image source: Getty Images.
Desktop Metal's key numbers
METRIC
Q3 2021
Q3 2020
CHANGE
Revenue
$25.4 million
$2.5 million
907%
GAAP operating income
($63.6 million)
($19.5 million)
Loss widened 226%.
GAAP net income
($66.9 million)
($19.5 million)
Loss widened 243%.
Adjusted net income
($27.3 million)
($17.4 million)
Loss widened 57%.
GAAP earnings per share (EPS)
($0.26)
($0.12)
Loss widened 117%.
Adjusted EPS
($0.10)
($0.11)
Loss narrowed 9%.
Data source: Desktop Metal. GAAP = generally accepted accounting principles.
Revenue was up 34% from the second quarter of 2021. The company attributed the growth to strength in its core metals business and contributions from recent acquisitions. On theearnings call management said revenue came in lower than it had anticipated because of supply chain issues, particularly involving its EnvisionTec polymer business. (EnvisionTec is a Germany-based company that Desktop acquired in February.)
As with the first and second quarters, management didn't disclose organic revenue growth, which is growth excluding acquisitions made in the last year. So, investors can't know how well its core metal 3D printing business is performing.
Wall Street was looking for a loss of $0.09 per share on revenue of $27.1 million, so Desktop missed both expectations.
GAAP gross margin was 16% and adjusted gross margin was 27%, up from 25% last quarter. Both these metrics are very low.
In Q3, the company used $38 million in cash running its operations, compared to using $18.6 million in the year-ago period and using $33 million last quarter. It ended the period with $423.9 million in cash, cash equivalents, and short-term investments.
Acquisitions made in the third quarter
In July, Desktop acquired biofabrication start-up Beacon Bio and Belgium-based Aerosint, which added multi-material 3D printing capabilities to its portfolio.
In September, Desktop bought Aidro, an Italian company described in the press release as a "pioneer in the volume production of next-generation hydraulic and fluid power systems through metal additive manufacturing [or 3D printing]."
Desktop also acquired Meta Additive, a U.K.-based company that Desktop said in the earnings release adds "next-generation functional binder technology focused on reducing shrinkage during sintering" to its portfolio.
The terms of these deals weren't disclosed.
ExOne acquisition recently closed
On Friday (so, the fourth quarter), Desktop Metal closed on its acquisition of The ExOne Company, which it announced when it released its second-quarter results. ExOne is a metal-focused 3D printing company and, like Desktop, uses a binder-jetting technology.
The $561 million deal is the company's biggest to date. It financed about 66% of the acquisition price through the issuance of new shares and 34% through cash.
What management had to say
Here's what CEO Ric Fulop said in the earnings release:
During the third quarter, we delivered solid financial performance underscored by sequential top-line growth of 34% and more than a 180 basis point sequential increase in our gross margins as we continue to gain scale. Our core metals business was a key driver of this success, which demonstrates the market enthusiasm for our AM 2.0 technology. [AM stands for additive manufacturing, the technical name for 3D printing, though the two aren't exactly synonymous.]
With the addition of ExOne, and the Production System P-50 progressing toward initial shipments, we are extremely well-positioned as we head into our second year as a public company to deliver on our long-term commitments to shareholders.
The Production System P-50 is the company's flagship metal 3D printing system for higher-volume manufacturing applications. On theearnings call Fulop reiterated what management has been saying since the company went public: That this product will begin shipping before the end of the year. With about six weeks left in 2021, we'll soon know whether the product launch date is pushed back.
2021 guidance lowered
Management lowered its full-year outlook for revenue and a key profitability metric as follows. (All guidance metrics exclude the impact of the ExOne acquisition.)
Revenue between $92 million and $102 million, with no mention of exiting the year with a specific annualized revenue run rate. Prior guidance was for revenue of over $100 million and a projection that the company would exit the year with an annualized revenue run rate of $160 million.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) in the range of negative $90 million to negative $80 million. The prior range was negative $80 million to negative $70 million.
Caution is warranted
Investors considering buying Desktop Metal stock should proceed with caution. The reasons for caution include the lack of transparency about organic revenue growth, the scaling back of full-year guidance, and the type of strategy the company's pursuing. Reiterating what I wrote last quarter:
Management is using a largely growth-by-acquisition strategy. These strategies can be very successful if done right -- and I particularly like a couple of the company's acquisitions. That said, these strategies present additional challenges, as well as concerns for shareholders. One main business challenge is integrating all the acquisitions, and a concern for shareholders relates to the financing of the acquisitions. If financing is done by issuing stock -- as [was] the case with the bulk of the ExOne acquisition -- current shareholders have their ownership percentages diluted. Alternatively, a company can borrow money, but that adds to its debt load.
10 stocks we like better than Desktop Metal, Inc.
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Desktop Metal, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 10, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Acquisitions made in the third quarter In July, Desktop acquired biofabrication start-up Beacon Bio and Belgium-based Aerosint, which added multi-material 3D printing capabilities to its portfolio. In September, Desktop bought Aidro, an Italian company described in the press release as a "pioneer in the volume production of next-generation hydraulic and fluid power systems through metal additive manufacturing [or 3D printing]." With the addition of ExOne, and the Production System P-50 progressing toward initial shipments, we are extremely well-positioned as we head into our second year as a public company to deliver on our long-term commitments to shareholders.
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Revenue $25.4 million $2.5 million 907% GAAP operating income ($63.6 million) ($19.5 million) Loss widened 226%. GAAP net income ($66.9 million) ($19.5 million) Loss widened 243%. As with the first and second quarters, management didn't disclose organic revenue growth, which is growth excluding acquisitions made in the last year.
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Revenue $25.4 million $2.5 million 907% GAAP operating income ($63.6 million) ($19.5 million) Loss widened 226%. In Q3, the company used $38 million in cash running its operations, compared to using $18.6 million in the year-ago period and using $33 million last quarter. ExOne acquisition recently closed On Friday (so, the fourth quarter), Desktop Metal closed on its acquisition of The ExOne Company, which it announced when it released its second-quarter results.
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Revenue was up 34% from the second quarter of 2021. As with the first and second quarters, management didn't disclose organic revenue growth, which is growth excluding acquisitions made in the last year. 10 stocks we like better than Desktop Metal, Inc.
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3ca4165e-52ed-4b7b-97b3-0e1dcc1c82d0
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716547.0
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2021-11-11 00:00:00 UTC
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Why 3D Systems Stock Crashed Again Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-crashed-again-today
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nan
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nan
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What happened
Shares of 3D printer manufacturer 3D Systems (NYSE: DDD) had plummeted 10.2% as of 11:30 a.m. EST Thursday.
That's the bad news. The worse news is that it seems 3D Systems has only itself to blame for the drop.
Image source: Getty Images.
So what
Last night after close of trading, 3D Systems spooked the market by announcing it will offer $350 million worth of "convertible senior notes due 2026" (i.e., new debt), and potentially as much as $402.5 million if underwriters exercise their overallotment options on the offering.
Management indicated it "intends to use the net proceeds from the offering for general corporate purposes, which may include potential acquisitions, investments and strategic transactions." That actually makes sense, though. 3D can't very well use the new cash for paying down debt, because the company hardly has any debt -- just $54 million worth at last report.
Now what
So what's spooking investors about this debt offering? One possibility is that, because the debt is convertible into stock, the debt offering brings the possibility of stock dilution.
Investors may also be wondering, though, why 3D sees the immediate need to raise so much cash, and right after reporting quarterly earnings that showed the company is doing such a fine job of generating free cash flow? 3D cranked out $57.8 million in positive cash profits over the past four reported quarters. But if the company doesn't need to raise cash to cancel out cash burn, why does it need cash?
The bit about using its "net proceeds" for "potential acquisitions" rings a bell. I'd bet what's really worrying investors today is that 3D is getting ready to overpay for an acquisition.
10 stocks we like better than 3D Systems
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They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of November 10, 2021
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D printer manufacturer 3D Systems (NYSE: DDD) had plummeted 10.2% as of 11:30 a.m. EST Thursday. So what Last night after close of trading, 3D Systems spooked the market by announcing it will offer $350 million worth of "convertible senior notes due 2026" (i.e., new debt), and potentially as much as $402.5 million if underwriters exercise their overallotment options on the offering. Management indicated it "intends to use the net proceeds from the offering for general corporate purposes, which may include potential acquisitions, investments and strategic transactions."
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What happened Shares of 3D printer manufacturer 3D Systems (NYSE: DDD) had plummeted 10.2% as of 11:30 a.m. EST Thursday. So what Last night after close of trading, 3D Systems spooked the market by announcing it will offer $350 million worth of "convertible senior notes due 2026" (i.e., new debt), and potentially as much as $402.5 million if underwriters exercise their overallotment options on the offering. 3D can't very well use the new cash for paying down debt, because the company hardly has any debt -- just $54 million worth at last report.
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What happened Shares of 3D printer manufacturer 3D Systems (NYSE: DDD) had plummeted 10.2% as of 11:30 a.m. EST Thursday. So what Last night after close of trading, 3D Systems spooked the market by announcing it will offer $350 million worth of "convertible senior notes due 2026" (i.e., new debt), and potentially as much as $402.5 million if underwriters exercise their overallotment options on the offering. One possibility is that, because the debt is convertible into stock, the debt offering brings the possibility of stock dilution.
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What happened Shares of 3D printer manufacturer 3D Systems (NYSE: DDD) had plummeted 10.2% as of 11:30 a.m. EST Thursday. 3D can't very well use the new cash for paying down debt, because the company hardly has any debt -- just $54 million worth at last report. Now what So what's spooking investors about this debt offering?
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0085f8a5-f343-4ca9-b5e5-d11fb15cdf2d
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716548.0
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2021-11-11 00:00:00 UTC
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3D Systems vs. Stratasys: Which Had the Better Q3 Earnings Report?
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DDD
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https://www.nasdaq.com/articles/3d-systems-vs.-stratasys%3A-which-had-the-better-q3-earnings-report
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nan
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nan
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3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) recently released their third-quarter 2021 reports. (A fairly deep dive into 3D Systems' results is here.) Let's compare the two 3D printing companies' results, metric by metric.
Keep in mind that qualitative factors can be just as important as quantitative ones, and we're looking at just one quarter's results. Even with these caveats, however, the data in this article should help you make better investing decisions in the 3D printing space.
Image source: Getty Images.
Revenue
COMPANY
Q3 2021 RESULTS
3D Systems
$156.1 million, up 15% from the year-ago period (and up 36%, excluding the impact of divestitures)
Stratasys
$159.0 million, up 24% from the year-ago period
Data source: Company earnings reports.
Advantage: Tie
This one isn't clear-cut. Calling it a tie seems fair. Stratasys' revenue grew the fastest from the year-ago period. However, 3D Systems performed better when we exclude the impact from the divestitures of its non-core assets.
Both 3D printing companies performed solidly, though they had relatively easy comparables because of the pandemic. Many industrial companies were still cautious with their ordering in the third quarter of last year.
Both 3D Systems and Stratasys generated revenue that topped -- though just barely -- their revenue in the pre-pandemic period two years ago. 3D Systems' Q3 2021 revenue was 0.5% higher than its revenue in Q3 2019, though 21% higher adjusted for divestitures. Stratasys' Q3 2021 revenue edged up 1% from its revenue in the same quarter two years ago.
The healthcare vertical was the star performer for both companies, as has been the case for some time. In the third quarter, 3D Systems' healthcare revenue surged 28% (45%, adjusted for divestitures) to $76.4 million, accounting for 49% of its total revenue. Stratasys doesn't break out its results by vertical but did say in its earnings presentation that healthcare is its fastest-growing business.
GAAP earnings per share (EPS)
COMPANY
Q3 2021 RESULT
3D Systems
$2.34, up from ($0.61) in the year-ago period
Stratasys
($0.28), up from ($7.35) in the year-ago period
Data source: Company earnings reports. GAAP = generally accepted accounting principles.
Advantage: N/A
This category is included just for information purposes. GAAP results don't strip out one-time items, so they're often not comparable. 3D Systems' result, for instance, got a big boost from the company's sale of its noncore assets. That's the only reason it's positive.
Adjusted EPS
COMPANY
Q3 2021 RESULT
3D Systems
$0.08, up from ($0.03) in the year-ago period
Stratasys
$0.01, up from ($0.05) in the year-ago period
Data source: Company earnings reports.
Advantage: 3D Systems
3D Systems wins this category because it had the higher adjusted profit relative to revenue.
Companies have a varying number of shares, so it's best to consider adjusted net income here. 3D Systems' adjusted net income was $10 million, or 6.4% of its revenue. Stratasys' adjusted net income was $0.5 million, or 0.3% of its revenue.
Adjusted gross margin
COMPANY
Q3 2021 RESULT
3D Systems
41.5%, down from 43.2% in the year-ago period
Stratasys
48.2%, up from 46.8% in the year-ago period
Data source: Company earnings reports.
Advantage: Stratasys
Stratasys easily takes the gold medal here. 3D Systems' year-over-year decline in adjusted gross margin was primarily driven by its divestiture of noncore assets. However, absent this factor, Stratasys would still have won.
A higher gross margin relative to a competitor with a very similar business profile can reflect stronger pricing power.
Liquidity -- operating cash flow and cash on hand
COMPANY
Q3 2021 RESULTS
3D Systems
Generated $20.7 million in cash from operations.
Ended the quarter with $502.8 million in cash and cash equivalents.
Had no debt.
Stratasys
Generated $3.0 million in cash from operations.
Ended the quarter with $519.9 million in cash, cash equivalents, and short-term investments.
Had no debt.
Data source: Company earnings reports.
Advantage: 3D Systems
Both companies are in great shape from a balance sheet standpoint, with each having roughly half a billion dollars and no debt. However, 3D Systems gets the win because it generated much more cash running its operations than Stratasys did, relative to its revenue. 3D Systems turned 13.3% of its revenue dollars into cash from operations, compared to Stratasys' 1.9%.
Research and development spending
COMPANY
Q3 2021 RESULT
3D Systems
$15.8 million, or 10.1% of revenue
Stratasys
$22.6 million, or 14.2% of revenue
Data source: Company earnings reports.
Advantage: Stratasys
Stratasys spent a higher percentage of its revenue on research and development (R&D), as well as a higher absolute dollar amount.
Investing in R&D is critical for companies in technology-related businesses if they want to stay competitive.
The winner is... it's a tie.
Score: 3D Systems -- 2.5 points; Stratasys -- 2.5 points
Keep in mind the two caveats mentioned at the opening of this article: Qualitative factors can be as important as quantitative ones, and we only looked at one quarter's results. Long-term investors shouldn't put too much weight on any single quarter's data. In addition, we also didn't look at stock valuations.
10 stocks we like better than 3D Systems
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of November 10, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) recently released their third-quarter 2021 reports. 3D Systems' year-over-year decline in adjusted gross margin was primarily driven by its divestiture of noncore assets. A higher gross margin relative to a competitor with a very similar business profile can reflect stronger pricing power.
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3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) recently released their third-quarter 2021 reports. 3D Systems $156.1 million, up 15% from the year-ago period (and up 36%, excluding the impact of divestitures) Stratasys $159.0 million, up 24% from the year-ago period Data source: Company earnings reports. 3D Systems $2.34, up from ($0.61) in the year-ago period Stratasys ($0.28), up from ($7.35) in the year-ago period Data source: Company earnings reports.
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3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) recently released their third-quarter 2021 reports. 3D Systems $156.1 million, up 15% from the year-ago period (and up 36%, excluding the impact of divestitures) Stratasys $159.0 million, up 24% from the year-ago period Data source: Company earnings reports. 3D Systems $2.34, up from ($0.61) in the year-ago period Stratasys ($0.28), up from ($7.35) in the year-ago period Data source: Company earnings reports.
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3D Systems (NYSE: DDD) and Stratasys (NASDAQ: SSYS) recently released their third-quarter 2021 reports. Advantage: Tie This one isn't clear-cut. Data source: Company earnings reports.
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2d42cf00-8ad9-4eac-8684-114a25957675
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716549.0
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2021-11-09 00:00:00 UTC
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Technology Sector Update for 11/09/2021: SQSP,DDD,NEWR,LAZR,NVDA
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-11-09-2021%3A-sqspdddnewrlazrnvda
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nan
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nan
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Technology stocks retreated Tuesday, with the SPDR Technology Select Sector ETF (XLK) Tuesday slipping 0.5% while the Philadelphia Semiconductor Index was falling 0.2% this afternoon.
In company news, Squarespace (SQSP) fell 7.4% after reporting Q3 net income of $0.06 per share, down from $0.12 per share during the same quarter in 2020 and trailing the Capital IQ consensus expecting a $0.06 per share profit during the September quarter at the website development company.
3D Systems (DDD) dropped over 14% after the 3-D printer narrowed its outlook for non-GAAP FY21 gross profit margins to a new range of 41% to 43% compared with its prior forecast expecting between 40% to 44%.
To the upside, Luminar Technologies (LAZR) added more than 15% after Nvidia (NVDA) selected its remote sensing technology for use in the chipmaker's autonomous vehicle reference platform expected to begin commercial production in 2024. Financial terms were not disclosed. Nvidia shares also were 1% lower, giving back an earlier advance.
New Relic (NEWR) jumped more than 40% higher to a best-ever $127.50 a share after the software-as-a-service company reported a fiscal Q2 adjusted net loss of $0.10 per share on $195.7 million in revenue, better than Wall Street estimates expecting a $0.13 per share non-GAAP loss on $182.2 million in revenue.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) dropped over 14% after the 3-D printer narrowed its outlook for non-GAAP FY21 gross profit margins to a new range of 41% to 43% compared with its prior forecast expecting between 40% to 44%. Technology stocks retreated Tuesday, with the SPDR Technology Select Sector ETF (XLK) Tuesday slipping 0.5% while the Philadelphia Semiconductor Index was falling 0.2% this afternoon. To the upside, Luminar Technologies (LAZR) added more than 15% after Nvidia (NVDA) selected its remote sensing technology for use in the chipmaker's autonomous vehicle reference platform expected to begin commercial production in 2024.
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3D Systems (DDD) dropped over 14% after the 3-D printer narrowed its outlook for non-GAAP FY21 gross profit margins to a new range of 41% to 43% compared with its prior forecast expecting between 40% to 44%. Technology stocks retreated Tuesday, with the SPDR Technology Select Sector ETF (XLK) Tuesday slipping 0.5% while the Philadelphia Semiconductor Index was falling 0.2% this afternoon. Nvidia shares also were 1% lower, giving back an earlier advance.
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3D Systems (DDD) dropped over 14% after the 3-D printer narrowed its outlook for non-GAAP FY21 gross profit margins to a new range of 41% to 43% compared with its prior forecast expecting between 40% to 44%. In company news, Squarespace (SQSP) fell 7.4% after reporting Q3 net income of $0.06 per share, down from $0.12 per share during the same quarter in 2020 and trailing the Capital IQ consensus expecting a $0.06 per share profit during the September quarter at the website development company. To the upside, Luminar Technologies (LAZR) added more than 15% after Nvidia (NVDA) selected its remote sensing technology for use in the chipmaker's autonomous vehicle reference platform expected to begin commercial production in 2024.
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3D Systems (DDD) dropped over 14% after the 3-D printer narrowed its outlook for non-GAAP FY21 gross profit margins to a new range of 41% to 43% compared with its prior forecast expecting between 40% to 44%. Technology stocks retreated Tuesday, with the SPDR Technology Select Sector ETF (XLK) Tuesday slipping 0.5% while the Philadelphia Semiconductor Index was falling 0.2% this afternoon. In company news, Squarespace (SQSP) fell 7.4% after reporting Q3 net income of $0.06 per share, down from $0.12 per share during the same quarter in 2020 and trailing the Capital IQ consensus expecting a $0.06 per share profit during the September quarter at the website development company.
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0be74727-f70c-4207-bad9-fc7cb68fdd71
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716550.0
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2021-11-09 00:00:00 UTC
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3D Systems Corporation (DDD) Q3 2021 Earnings Call Transcript
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DDD
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https://www.nasdaq.com/articles/3d-systems-corporation-ddd-q3-2021-earnings-call-transcript
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nan
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nan
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Image source: The Motley Fool.
3D Systems Corporation (NYSE: DDD)
Q3 2021 Earnings Call
Nov 9, 2021, 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Hello, and welcome to the 3D Systems Conference Call and Audio Webcast to discuss the results of the Third Quarter 2021. My name is Kevin, and I'll facilitate the audio portion of today's interactive broadcast. [Operator Instructions]
It's now my pleasure to turn the call over to John Nypaver, Vice President, Treasurer and Investor Relations for 3D Systems. Please go ahead, John.
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John Nypaver -- Vice President, Treasurer and Investor Relations
Thank you, Kevin. Good morning, and welcome to 3D Systems conference call. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Jagtar Narula, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
The 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 website. For those who have accessed the streaming portion of the webcast, please be aware that there may be a few seconds delay and that you will not be able to post questions via the web.
The 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 last night's press release and our filings with the SEC, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q.
During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our Investor Relations website, you will find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures with comparable GAAP measures. Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2020.
Now I am pleased to turn the call over to Jeff Graves, our CEO. Jeff?
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, John, and good morning, everyone. I'll open today's call with a phrase that I'm sure many of you were saying to yourself this morning as well and that's wow, what a difference a year makes. At this time last year, we were seeing only the very beginning of what we all hoped would be a sustained recovery from the worst of the COVID pandemic. At the same time, here at 3D Systems, we were in the midst of executing our four phased transformation journey. We reorganized our company into two segments, Healthcare and Industrial Solutions. We have restructured our organization to gain efficiencies. And we had announced the first of our divestitures of non-core assets.
As we speak to you today, a year later, these first three phases are complete. We are now a company that's singularly focused on additive manufacturing with a lean nimble operating structure, global reach and breadth of metal, polymer and biological technologies that's unparalleled in the industry. These attributes brought together through an intense focus on our customers' most demanding applications has proven to be a powerful driver of value creation as reflected clearly in our organic growth rates, our profitability and our operating cash performance, all of which we will recap for you in a few moments.
While we're pleased with this performance, even more exciting is that we're now in the fourth and final stage of our transformation, namely, investing for growth. Since last quarter, we completed the last of our divestitures, retiring our debt and stockpiling over $500 million of cash on the balance sheet. We subsequently announced two acquisitions that embody our strategic focus on growth, which is to invest in businesses that drive the adoption of additive manufacturing, solve customers' most complex application needs and generate high margin recurring revenue streams that are critical to sustain value creation.
The first of these acquisitions was Oqton, a unique software company that's emerged as a recognized leader in the creation of a new breed of intelligent, cloud-based manufacturing operating system. The driver for this acquisition is very simple; customers across our Industrial and Healthcare segments are now anxious to accelerate their adoption of additive manufacturing in full scale production environments. But in doing so, they're facing significant challenges and how to incorporate these technologies into their existing enterprise systems. To-date, they relied heavily on spreadsheets and highly skilled engineers to run production applications. This is obviously too slow, too inefficient and too expensive to scale as production volumes ramp up.
While we and others have made strides in optimizing and to some extent automating the performance of single printer or even a collection of like-kind printers working in parallel, our customers' challenges extend well beyond this. What they need is a manufacturing system that can easily and intelligently incorporate a mixed fleet of printers, often from a variety of manufacturers, and in addition, one that will incorporate all of the surrounding digital production systems on the shop floor such as post-print thermal and mechanical processing, robotic motion systems and automated inspection systems.
Oqton not only provides this linkage, it goes a step further in applying cloud-based AI to optimize the entire workflow then links this workflow to the customers' existing enterprise software such as those provided by Salesforce, Oracle, Microsoft or SAP. The end result is that Oqton not only links, optimizes and tracks the customers' unique operational workflow at an individual component level from raw material to finished in respected parts, but it also builds in future flexibility to substitute new printing, finishing and automation technologies that will undoubtedly be introduced in the years ahead.
These attributes which are unique to the Oqton platform will remove a significant barrier to the large-scale adoption of additive manufacturing and production environments. And for that reason, we've opened the system to the entire industry, which we hope will accelerate market growth for everyone. In addition, for the first time in our history, we will now make available our full complement of market-leading metal and polymer printing software platforms to all others in the industry, which we hope will accelerate the introduction of new printing technologies to customers around the world.
Importantly, as with all software platforms, the span in entire industry, we are committed to Oqton continuing to operate in this model of independence with a supreme commitment to customer data protection and confidentiality. I'm happy to tell you that we closed the Oqton acquisition on November 1, and the reception by our customers and partners alike has been very positive.
Before I move to our most recent and incredibly exciting acquisition, let me step back and explain how we look at our company holistically, which I believe is much different than others in this industry. In the decade since 3D printing was invented, we and our competitors have routinely defined ourselves as hardware and material developers, with our products sold broadly to customers around the world. While this is natural when any industry is young and when the product is mainly consumed in small quantities by labs or prototype facilities, as the industry now matures and production environments are targeted, successful companies will need to adapt their entire operating model to reflect their deepening integration with specific markets and customers. If you don't, you will remain simply a vendor and not a true partner to your customers, which will ultimately be reflected in your organic growth rate and profit margins.
So with this in mind, at 3D Systems, beginning a year ago, we changed the way we defined ourselves by reorganizing our entire company around key markets, and within those markets, key vertical segments that we believe will drive the most value from their adoption of additive manufacturing. We began with the creation of two business segments, Healthcare and Industrial Solutions. Using a strong application focus, these two businesses each integrate our printer, material and software technologies in unique combinations to solve the customers' product need.
Once complete, our customers can then ask us to scale the process for them to a certain production level. And then with increasing demand, they can elect to have us enable a manufacturer of their choosing to continue scaling to high volumes. This transfer of the workflow involves providing printing systems, materials and software along with the process definition. It results in a seamless transfer of capability to the chosen manufacturer whether it's the OEM themselves or a contract manufacturer of their choosing.
So fast forwarding to this year, with the acquisition of Oqton, we expanded our software capabilities into what we call broadly digital manufacturing software, which as we described earlier, enables a rapid and efficient adoption of additive manufacturing in high volume production environments. This operating model has been very well received by our customer base and we expect it to fuel exciting organic growth in the years ahead.
Most recently, we've added a strong biotech organizational focus and invested significantly to bring our emerging biological technologies to laboratory and human applications, details of which we'll cover in a few moments. So in short, these are our five core market segments that you'll hear us talk about moving forward. While each of the five will adapt to the needs of their customers, each will also leverage our core technologies of hardware, software and materials in the unique manner needed to fulfill their customer application needs.
Let me illustrate this approach using our Healthcare business as an example. In the mid-1990s, 3D Systems pioneered Medical Modeling, which is the printing of highly detailed anatomical models from digital images. These models have proven instrumental in support of complex surgical procedures. In a highly publicized application of our modeling technology, which was beautifully documented by CNN's Dr. Sanjay Gupta, we created a number of medical models to assist in the separation of conjoined twins, Jadon and Anias McDonald who were born with the extremely rare craniopagus condition, in which twins are joined at the head, sharing not only the skull and vasculature, but portions of the brain itself. The modeling used for the surgical planning was vital to the success of Dr. James Goodrich and his team that they had in separating the twins, both of which are alive and living independently today many years later. To date, our medical modeling technology has supported dozens of similarly complex operations around the world, along with hundreds of others, and it continues to expand each year.
Building upon this foundation and investing in point-of-care infrastructure that accompany this growth, we deepened our surgical support over the next decade. And by 2005, we were working with surgeons to design and manufacture customized patient-specific surgical guides and instruments using 3D printing. As this portion of the business in turn grew, we expanded our scope once again, this time to include actual patient-specific implants, which offered an even larger market opportunity.
Fast forwarding today, we offer the broadest range of FDA-cleared capabilities for modeling surgical planning and patient-specific medical implants, which inspires our customers to continue expanding their partnership with us year-after-year. While we're very proud of our progress by now redefining ourselves as a healthcare business in this example and leveraging both our critical infrastructure and channel partner relationships, we can broaden our scope more aggressively to now include other parts of the human skeleton structure, and importantly, to advance these applications in parallel instead of in series as we have in the past.
This provides us the opportunity to bring benefits to a much larger patient population and at a much higher rate than ever before. This is the power of redefining ourselves as a healthcare business and not simply a provider of printing technology to healthcare customers in the market. Of note, our Healthcare business grew over 28% in our most recent quarter and over 44% on an organic basis, which is where we disregard the businesses that we have divested. This remarkable growth rate is a testament to our increasing momentum in this exciting market.
So building upon this discussion of our Healthcare business, I would like to end my commentary for today on the remarkable emerging market of bioprinting in our announcement last week of our acquisition of Volumetric Biotechnologies. This company, under the inspired leadership of Dr. Jordan Miller, brings specific expertise and biomaterials and regenerative medicine that combine synthetic chemistry, 3D printing, microfabrication and molecular imaging to direct culture human cells to form more organized complex organizations of living vessels and tissues. 3D Systems has been a pioneer in our industry by focusing resources on regenerative medicine since 2017. And we began a joint development program with United Therapeutics Corporation to develop the capability to print scaffolds for human lungs using a process we call printer profusion. Once developed, this bioprinting technology can be applied to other major organs in the human body as well as a wide range of other human and laboratory applications.
We've made significant strides in this unique technology. And as a result, we recently announced an expansion of our development program with United Therapeutics, an expansion that includes increased funding and an extension to two additional organs. This program expansion reflects the progress that our joint team has made in this groundbreaking endeavor. By acquiring Volumetric, we're adding critical skill sets to our 3D Systems' team, which we feel are a perfect complement to ours, bringing strong biological expertise and cellular engineering skills along with highly creative bioprinting systems to our development group.
As I realize this is an entirely new area for many that have followed our company for some time, let me quickly recap our regenerative medicine strategy and the market opportunities that we're addressing through our unique bioprinting technology. The first opportunity is the printing of human organs, beginning with the lung and expanding from there to two additional organs. We're pursuing this as a joint program with our partner United Therapeutics. The ambitious goals that we've set for this program are driving quantum advances in our technology and laying the foundation for the rest of our regenerative medicine efforts.
In our second regenerative medicine market opportunity, we're taking the core unique disruptive technologies developed for the bioprinting of human organs and applying it to other parts of the human body. There are tremendous number of these applications ranging from the printing of human skin for burn victims to soft tissue for breast reconstruction and repair to critical blood vessel and bone replacements and many, many more. We're now forming partnerships focused on each application area where we can combine our bioprinting expertise with the appropriate application experts to provide unique and highly impactful solutions for people in need. We refer to this second market vertical within regenerative medicine as human non-organ bioprinting.
Our last but certainly not least market opportunity is to extend our bioprinting technologies into research labs, providing advanced printing systems and unique biological materials to those that study the basic science of regenerative medicine and in the pharmaceutical laboratories where the ability to print high precision, three dimensional vascularize cell structures can be used for the development of new, more effective drug therapies. Our acquisition of Volumetric and their unique capabilities in combination with our own will allow us to expand the pace of our efforts in all three of our regenerative medicine markets.
It amazes me to think of these revolutionary applications enabled by our 3D printing technologies; applications that we are uniquely positioned to deliver with our extensive history in advanced 3D printing technologies, our material expertise, our application development expertise, our deep understanding of FDA and other regulatory processes and now our biological and cellular engineering capabilities. We believe that in the years to come, bioprinting will take its place as a very significant business for our company, bringing critical relief to patients in need of life-saving procedures and great value to our company's employees and our shareholders alike.
Moving from our strategic growth investments to our most recent quarterly performance, I'm very pleased to say that we've continued to execute well on our core business. With continuing strong demand, our operational challenges have largely centered around global supply chain and logistics issues, which are unfortunately continuing to plague most companies around the world. Our solid execution in the face of these challenges in the third quarter resulted in strong double-digit growth with revenues increasing by 15% before adjusting for divestitures. When these adjustments are made, which is a much better reflection of our core business performance, revenues were up over 36% versus 2020 and up over 20% versus our pre-pandemic 2019 third quarter, a benchmark we consider very important.
Looking at our major business segments, our Industrial Solutions segment is continuing its rebound, seeing strong performance particularly in jewelry, automotive and transportation and general manufacturing. In Healthcare, we see continuing strong demand for personalized health services as well as solid performance in dental.
As Jagtar will discuss shortly, in addition to the strong revenue performance, our EBITDA climbed by over 125%. We generated positive cash from operations for the fourth consecutive quarter, the first time this has happened in four years. With our cash generation in addition with the proceeds from divestitures, we built a sizable cash balance by the end of Q3. A portion of these funds will be used to fund the strategic growth initiatives I mentioned earlier, but we will still have be left with a significant amount of liquidity to pursue additional opportunities. As I'm sure is clear to everyone, I am very excited not only about what we've accomplished this last year, but even more so about the future as our focus on growth in this final stage of our transformation has only just begun.
With that, let me turn the call over to Jagtar who will now describe our third quarter results in more detail. Jagtar?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Jeff. Good morning, everyone. For the third quarter, we reported revenue of $156.1 million, an increase of 14.6% compared to the third quarter of 2020. Our organic revenue growth, which excludes divestitures completed in 2020 and 2021, was 35.9% in Q3 2021 versus Q3 2020. Since the third quarter of 2020 was beginning of the economic reopening from the COVID-related shutdowns, we think it is valuable to compare our results to Q3 2019, which was untainted by the pandemic. Again, excluding divested businesses, we are comparing on an apples-to-apples basis. Our revenue in the third quarter 2021 was 21.2% higher than pre-pandemic Q3 2019.
As we have discussed previously, with the completion of our Simbionix and on-demand manufacturing divestitures in Q3 2021, we have completed our planned divestitures and are now focused on the performance, growth and investment of our core additive manufacturing business. I would like to note that our -- at post-divestitures, we continue to generate nearly two-thirds of our revenue from our recurring revenue streams. These high margin lines of business highlight the strength and diversity of our core business, our ability to weather various economic cycles and around which we will continue to make strategic investments.
Turning to earnings. We reported GAAP net income of $2.34 per share in the third quarter of 2021 compared to a GAAP loss of $0.61 in the third quarter of 2020. The year-over-year improvement was driven by gains on divested businesses as well as the goodwill impairment charge we took in the third quarter of 2020. For our non-GAAP results, we reported non-GAAP income of $0.08 per share in the third quarter of 2021 compared to a non-GAAP loss of $0.03 per share in the third quarter of 2020. The year-over-year improvement reflects higher revenue with lower non-GAAP operating expense as a result of the cost actions we took last year.
Now I will discuss revenue by market. Healthcare grew 28.3% year-over-year and decreased 7.8% compared to the last quarter. The decrease was primarily a result of the divestiture of the Simbionix medical simulation business during the quarter. Adjusted for divestitures, Healthcare revenue increased 44.5% year-over-year as a result of strong demand for dental applications in both printers and materials. In fact, the last four quarters have seen the highest level ever of dental material sales as compared to any prior four quarter period.
Our Industrial segment generated revenue growth of 4% to $79.7 million compared to the same period last year and was flat to last quarter, reflecting the divestiture of the on-demand manufacturing parts business during the quarter. Adjusted for divestitures, Industrial revenue increased 28.1% year-over-year and 2.1% over the last quarter. The increase was driven by higher demand in both printers and materials in a variety of sub-segments, most notably, jewelry, automotive and transportation and general manufacturing.
Now we turn to gross margin. We reported gross profit margin of 41.2% in the third quarter of 2021 compared to 43.1% in the third quarter of 2020. Non-GAAP gross profit margin was 41.5% compared to 43.2% in the same period last year. Gross profit margin decreased primarily as a result of businesses divested in 2020 and 2021. If we exclude the impact of those divestitures, gross profit -- gross margins increased 80 basis points in the third quarter of 2021 compared to the same period last year, driven by 2020 cost actions and the higher revenue, which resulted in better capacity utilization.
As evidenced by our strong performance this year, demand continues to be strong for both our -- for our products in both business segments. The biggest challenge we've faced isn't unique to 3D Systems. We are all aware of the supply chain issues that are affecting everyone, from multinational corporations to small businesses to individuals on Main Street. In fact, our Q3 revenue, while strong, was impacted by supply limitations of certain products. Consistent with last quarter, we continue to see a tightening of cost and availability for certain components that go into our product. Our team is doing a heroic job as it manages through these challenges. Supply chain and not end customer demand remains the key headwind in our business and is our strong focus as we finish out the year.
We have taken steps to mitigate the economic impact, such as adding alternative sources for key components where possible. We have seen some cost impacts from the supply chain constraints, especially in increased freight charges and have instituted a temporary surcharge for our customers on certain types of purchases effective in the fourth quarter. Year-to-date, our non-GAAP gross profit margin was 42.6% and we expect full year gross profit margins to be between 41% and 43%.
Operating expenses for the quarter were $81.5 million on a GAAP basis, a decrease of 35.4% compared to the third quarter of 2020. This year-over-year decrease reflects a goodwill impairment booked in Q3 2020. Our non-GAAP operating expenses in the third quarter were $54.1 million, a decrease -- an 8% decrease from the third quarter of the prior year. Compared to the second quarter of 2021, non-GAAP operating expenses decreased 2%, primarily driven by lower R&D spend.
Adjusted EBITDA, defined as non-GAAP operating profit plus depreciation, was $16.3 million or 10.5% of revenue compared to $7.2 million or 5.3% of revenue in the third quarter 2020. Our disciplined approach to growth, cost management and focus on our core business is resulting in continued strong adjusted EBITDA.
Turning to the cash flow statement and balance sheet. We are pleased to show $502.8 million of cash on the balance sheet, an increase of $418.4 million since the beginning of the year. The increase was primarily driven by proceeds from the divestitures of the on-demand parts business and our medical simulation business, but supported in no small part by our extremely strong cash generation from operations. During the quarter, we generated $20.7 million of cash from operations, marking the fourth straight quarter of positive cash from operations. This is the first time in four years the company has achieved four straight quarters of positive operating cash flow and reflects a strong transformation of our business.
Now that we have demonstrated consistent profitability and cash generation and post-divestiture $0.5 billion of cash on hand, we are in a prime position to continue growing the company by taking a disciplined approach to invest organic and inorganic solutions that will solve customers' complex needs, drive adoption of additive manufacturing and generate high margin recurring revenue streams.
We have previously announced some of those growth opportunities, namely our acquisitions of Oqton, which closed November 1 and Volumetric Biotechnologies, which is expected to close in the fourth quarter. The cash considerations for these will total approximately $130 million, leaving roughly $370 million of cash. These acquisitions will position the company for strong growth and are core to our strategies in both high margin software to enable the adoption of additive manufacturing as well as adoption of advanced 3D printing technologies in the field of regenerative medicine where we believe we will be a leader in the market.
As I conclude my remarks, I want to reflect on the past year. I joined the company at the beginning of the third quarter of 2020. At that time, the company was just beginning its transformation. We had just announced results for the second quarter of 2020 that included negative operating cash flow of $21 million for the first half of that year, cash and cash equivalents on the balance sheet of only $64 million and $22 million of debt. Now fast forward to this year and the transformation we've been through. We have generated over $60 million of operating cash this year for the third quarter and ended the quarter with over $500 million of cash and cash equivalents with no debt.
We are 100% focused on additive manufacturing and growing strongly in our core markets. We are able to make smart and strategic investments to support our core business and are rapidly advancing our key technologies into new segments such as regenerative medicine. I continue to believe that we are uniquely positioned in our industry with a strong balance sheet growth, cash generation and a suite of technologies that continue to be in demand by our customers.
Finally, we wanted to provide an update at our Investor Day event. You may recall that we had scheduled an event for September 9 in the Denver, Colorado area. Out of the abundance of caution for the safety of our investors, analysts and employees, we postponed the planned Investor Day as COVID infection rates increased this past summer due to the Delta variant. We are now seeing the hopeful signs of progress, with once again declining infection rate, rollout of booster shots and a newly announced pill that seems to offer promise of dramatically cutting the hospitalization rates from this infection. As a result, we are in the early stages of planning an updated Investor Day with an aim for the first half of 2022. We will provide an update as soon as possible and look forward to sharing our long-term growth strategy in more detail with the investment community.
With that, I'll turn the call back to Jeff. Jeff?
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Jagtar. Well, Jagtar and I have covered the remarkable progress that we've made over the last year. We've created value for our investors, our customers and our employees by remaking the business. Our growth and profitability distinguishes us in the industry and has made us a key partner for a growing number of organizations that are considering additive manufacturing. At the same time, our transformation has also made us a more exceptional place to work to drive the future of additive manufacturing, and as a result, more talented individuals are becoming a part of the new 3D Systems each day.
However, as much as we've accomplished this last year, it's more about the future. We will continue to be a valuable solutions partner with customers and deeply integrate with them as they adopt our solutions and technologies. We will also invest in our business and drive our solutions capabilities in the five key areas I spoke about earlier. I'm truly excited about the depth and breadth of technology we bring to our markets and application expertise.
So with that, I'll now open it up for questions. Kevin?
Questions and Answers:
Operator
Thank you. [Operator Instructions] Our first question today is coming from Troy Jensen from Lake Street Capital. Your line is now live.
Troy Jensen -- Lake Street Capital Markets -- Analyst
Hey, gentlemen, congrats on great results here.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Troy.
Troy Jensen -- Lake Street Capital Markets -- Analyst
I guess, for you, Jeff. I want ask a few questions. I did miss the Volumetric's call. I guess, could you talk a little bit -- we got an email from John about this and you talked about the three facets for the space that you guys look at, its organ printing, non-organ printing and then lab and research work. I mean, I don't want you to size them, but can you prioritize which one's bigger here as far as -- I guess, when I think about bio, I really think about the material as really the key secret sauce and maybe the bio players are less. But help me out we're going to prioritize which facets are most important?
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah. Those are two interesting questions, Troy. Let me talk about both of them. I'll start with the second one actually, the printing technology itself. Troy, I got to tell you, it's remarkable. We started this work back in 2017, frankly speaking, thinking that it was impossible to get to the resolution required for printing a long scaffold. I mean, we're talking about micron level detail in an extremely complex structure to build the scaffold and it's a large scaffold, think of the size of a human lung. And so the intricacy, the complexity and the fine detail are really, really hard. And remember, you're doing it with biomaterials. You're doing it with materials that are the basic building blocks of your body -- of the human body, materials that have really been printed before. So all of that technology, it took us a few years to really evolve that technology to the remarkable level it is today. And that's what gave confidence to us, to United Therapeutics that we can now expand that in other human organs.
So I wouldn't underestimate the printer technology. And to be honest with you, we not only were inventing it newly for bioprinting, but we were leveraging some of the work we've done in photo polymer printing technologies as well along the way, which was really helpful. And that's the kind of synergy -- technologies synergy we see going forward, which is really beneficial. But from a material standpoint, these are unique materials, and we will continue to involve unique biological materials.
So part of the driver in acquiring Volumetric was they have the biological expertise that we really needed. They have excellent printer expertise as well, but they've approached it from the biology standpoint. So they have cellular engineering and biology expertise that if we're really going to grow in this space, we needed to bring in-house. And we can now use it not only for organ printing, but to leverage into non-organ parts of the human body and then also laboratory applications. Remarkable technology, Troy.
And when these organs and non-organs articles are built for your body, they're largely constructed from a patient's own cells in the end. So they're fully biocompatible and they're meant to survive in your body for your entire lifetime without the need for immunosuppressive drugs, which has been an ongoing issue for transplant patients today. So we're tremendously excited. And that organ printing effort is driving a lot of the core technology that we're taking into these other markets for non-organ printing and for labs.
In terms of the size of the markets, Troy, it's -- they are emerging markets. It's very hardening to get your arms around the size and scale of it. If you just strictly look at the number of organ transplants, for example, today that are done, the list is kept very small on purpose, because there are so few organs to go around. So you can put dollar estimates on a number of organs, but the market itself will expand to millions and millions of patients. So obviously, it's a very high value article and it avoid spending a lot of money on traditional transplant and medication. So we believe it's a highly valuable, highly differentiated product you're providing into a market that will be measured in billions.
And then when you go to non-organ applications, I'd say the equivalent. It's hard to estimate, but you think of skin, arteries, soft tissue implants around your body, it's going to again amount to billions of dollars of market size. And then I'd say the same in laboratory, maybe a bit smaller. What we've said is $1 billion plus market for laboratory applications. We're really excited about research labs, it's a great business. We acquired Allevi early in the year, and Allevi had a really nice footprint in research labs. They're in over 300 research labs around the world. And that's the way you really develop a lot of the science of regenerative medicine. So you want to be in with those guys selling them printers and consumable materials. But the real market we're excited about beyond that just from a dollar standpoint and the benefits it bring is in drug therapy, so pharmaceuticals.
So the ability to print 3D cellular structures that have blood vessels in them so you flow blood through them, allow pharmaceutical companies to test drugs more quickly. So they no longer have to jump from an animal to a full scale person. They can test it in the laboratory, but with real human biological cells and blood flowing through them in and architected way or reproducible way.
So we see the benefits there is tremendous. And it will be in providing printers and materials, it may actually be in doing some of the testing eventually as well. But it's going to be I believe a marvelous business for us. But again, I would put $1 billion plus tag on right now for lack of a better number. But there are clearly sizable markets. And I believe, Troy, transformational to our company. It's a logical extension of our Healthcare business today with our FDA knowledge and our process discipline, but it is an entirely new market that I really want to make sure we're very well positioned. We have a lead today. We are adding really great technical resources. And we want to continue really pushing the technology in that area.
Troy Jensen -- Lake Street Capital Markets -- Analyst
Thanks, Jeff. You've become quite the healthcare expert in a short period of time here. But a quick follow-up for Jagtar. Just gross margins I got one hit a little bit, if we get to the midpoint of the range that you called out for 2021 here, it would apply 40% to 40.5% for Q4. But we just think about going forward, I mean, this is the base level here, do we grow it from here? I know you probably don't want to give a lot of guidance on 2022 yet, but maybe just while we're working on the models now, I thought...
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yeah, Troy. I mean, we put out the guidance, and what I'd say is, our plan is to absolutely grow from there. We are -- as you heard in my prepared remarks, we're investing in the types of businesses that are going to drive gross margin, right? The recurring revenue streams that we've talked about, software, materials and the like, we think will drive gross margin in the future. At the same time, we continue to enforce good cost discipline and cost management on our existing products to manage cost, I think we're going through. As you heard me talk about, some near-term headwinds with supply chain constraints and the impact that has to pricing and are managing appropriately. But I think over the medium term, you'll start to see gross margins tick back up.
Troy Jensen -- Lake Street Capital Markets -- Analyst
All right, perfect. Good luck, guys. Keep up the good work.
Jeffrey A. Graves -- Chief Executive Officer and President
Hey, Troy, just a quick thanks for picking up coverage on the company too. I know you guys are stretched thin, all of you guys. And I -- you're a well respected guy in the industry, really appreciate you following the company and picking up coverage.
Troy Jensen -- Lake Street Capital Markets -- Analyst
Looking forward to work with you guys.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks.
Operator
Thank you. Our next question today is coming from Greg Palm from Craig-Hallum Capital Group. Your line is now live.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Thanks. Good morning, and appreciate some of the commentary around everything that's sort of occurred over the last year. It's been a pretty amazing turnaround or transformation of the company. So kudos to you and the team there.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Greg.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Greg.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
So maybe let's start with supply chain, you called out that being a headwind, not surprisingly. Can you quantify what the revenue impact was? And I'm curious, maybe if you just look ahead, I mean, do you think that this could be a tailwind or a driver for additive manufacturing, at least for companies that are looking to, I don't know maybe adding localized, on-demand production or at least secondary sources of supply?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Sure, Greg. I'll start with the quantification and let Jeff talk through the impact to our customers. On the quantification side, in Q3, we probably had about $3 million of revenue, kind of $3 million to $4 million of revenue left on the table that we would have captured had the supply chain issues not occurred. If you exclude divestitures, revenue was up for us Q3 versus Q2. Normally, Q3 is lighter than Q2. So if I think about revenue being up and the fact that we left revenue on the table because of supply chain, it's actually a pretty strong indicator of customer demand. I do think we'll see a little bit of impact in Q4, but like I said in my prepared remarks, we continue to do a yeoman's job of dealing with the issues out there.
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah, Greg. And I -- having lived through a couple of cycles before in the electronics industry particularly, these are always painful cycles when there is a real uptick in demand and as people try to expand capacity. They are always resolved and they're always resolved generally more quickly than you imagine they will be. They feel bad when you're going through them. I mean, it's hard. We have really exceptional demand out there right now for our products, but particularly for our application knowledge for the reason that you pointed out.
The silver lining in these supply chain shortages is virtually all of our key customers are saying, they've got to change the nature of their supply chain. They can't live any longer, especially when you look at the pandemic effects and on top of it now the supply chain shortages. They have to have a more flexible, nimble yet cost effective supply chain and perhaps a little bit closer to home so they don't have all the logistics cost compounding all the other frustrations.
So while it's painful for us to live through and in meeting customer demand right now, it's a -- I believe, it's a really good tailwind for us and for our entire industry, which is additive as a solution for a lot of the ailes in terms of being a real production process now that will allow them to streamline their supply chain and bring it closer to home very cost-effectively. And what we did with the Oqton acquisition is we wanted to remove a big barrier to that happening, because as customers really tried to setup production capability for printers, they were really stumbling over how do you do it. They can't afford to hire PC level engineers to run production lines and do it on a spreadsheet.
So they needed a software tool that would allow them to bring printers and all the supporting equipment into the factory, set it up on a plug and play approach -- with a plug and play approach, and nowadays apply machine intelligence and artificial intelligence to the workflow, and that's what Oqton does. So we tried to -- we're working hard to remove any barriers because I believe we have -- as an industry, we've got an excellent tailwind coming as big companies revisit their supply chain.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Yeah, makes sense. Where would you envision that demand coming from? I don't know whether that's end market or by technology? Just outside of dental, I guess, where are you seeing the most demand and where could some huge demand come from?
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah. It's really interesting, and it's quite different by market, Greg. That's why, frankly, to come back to that theme, we've reorganized the company around markets now because that dynamic is different in each market segment. For Healthcare in general, the growth -- even in dental, whether it's dental or it's other med devices, the growth is being driven by this drive to personalize the solution for people. So if you've got a broken bone or you need to a tissue implant or a specialized surgical procedure, they want to -- they have -- it has to be cost effective, but they want a personalized approach to medicine to drive better outcomes. And it's a big need, it's reduced infection rates, it's higher throughput and surgical suites. That's really the driver in Healthcare.
On the Industrial side of the business, it's much more what you just said. It's an idea of looking at their extended supply chain and really reworking that. So when you think about it, on the Industrial side, it's the big consumers, the big OEM assemblers of products. So it's automotive, it's aerospace, it's all of the related technologies or companies to that; buses, trucks, cars, airplanes. All of those guys that are designing and building those, they want their supply chain to be closer to home and more nimble and cost effective.
So on the Industrial side, it's exactly what you would imagine. And because each one of those has trends of its own, like automotive today moving heavily to EV technology, again, very good tailwind for additive manufacturing. So I love being in the business we are today. And I love the structure we've adopted today with Healthcare and Industrial vertical focus because each industry moves at its own pace, with its own unique needs. So anyway, that's my view on what's driving the spaces, Greg.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Yeah, that's great. And if I could just sort of sneak in one follow-up on your disclosure of your largest customer being 20% of revenue this year. That's a pretty big step-up relative to prior year. How sustainable is that level going forward?
Jeffrey A. Graves -- Chief Executive Officer and President
Well, as you know, it's a result primarily, Greg, of us divesting other businesses. We've divested businesses that they were not involved with. I love the dental space. I love the customers we have. The large customer we have is tremendous. Their penetration rate in the market is still relatively low. So I think they've got a great future based on our technology. And so I think we've got a nice runway with them and have never had a better relationship. In spite of the logistics issues and things, we were able to take care of them and support their growth and their market as the economies reopened, and folks are really interested in their products. So I'm thrilled for them. I'm thrilled for us. It's a great customer. At the same time, Greg, we've got -- we exhibited, and correct me if I'm wrong, Jagtar, 15% growth in the med device. So 15%...
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Med devices, yes. Excluding divestitures.
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah. So if you take our divestitures and stuff we got out of, we had 15% growth in the med device space outside of dental. If you could dental, 15% growth, which we're thrilled by. I mean, that's an exceptional number, and I see that continuing and getting bigger. So I think the whole business will get bigger for Healthcare. I love the fact that we have a very successful customer that continues to grow based on our technology. And I think we've got a great horizon with them and with many others in the dental industry and in the med device industry.
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Awesome. All right. I appreciate the color, and best of luck going forward.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks so much, Greg.
Operator
Thank you. Your next question is coming from Noelle Dilts from Stifel. Your line is now live.
Noelle Dilts -- Stifel -- Analyst
Hi, guys. And again, congrats on all the progress you've made over the past year.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks.
Noelle Dilts -- Stifel -- Analyst
Sure, thing. Just one question from me. Given that you're now moving into this invest phase, I was hoping that you could -- in a bigger way, I was hoping that you could kind of comment on what the pipeline looks like in terms of companies that you're talking to? What your conversations are like? And then maybe if you could just revisit if you had to kind of rank priorities in terms of where your interest lies. If you could talk about medical versus industrial and then software versus applications. Just kind of giving us a sense of how you're thinking about this next phase moving forward? Thanks.
Jeffrey A. Graves -- Chief Executive Officer and President
Very happy to, Noelle. And again, if I miss one of those, feel free to ask me again. But in terms of priorities, it's pretty simple. We -- underneath our market focus lies our three core technologies; printers, materials and software. We want to make sure that those remain highly differentiated. So that gets down to sometimes component level investment and -- of disruptive technology. So new ways to print parts. A big priority in that area, Noelle, is materials and we have a great photo polymers group internally. We continue to look at photo polymer experts outside. But whether it's an individual person, small groups or even larger groups that are involved in materials development that could advance additive manufacturing. Those are always high on our priority list. We're always looking for them, because value-added material brings incredible value to our customers and it's really good for us in recurring revenue. So we really love that.
Software obviously, is a priority. We've developed some platforms nicely internally, and we're making those available now to others. And we've invested in the Oqton platform to help our customers. So software will remain a priority. I'm not sure how many other resources in software are really out there, but it would always be high on the list of something became available. So I'd say material -- if you get down to the underlying technologies, materials are high priority and disruptive printer technology is always important.
When you look at market priorities or application priorities, healthcare certainly is a wonderful business. We have a tremendous foundation. We've expanded it now into biotech. We really should grow in that area. But in our traditional healthcare med device business, what's really expanding now are the number of applications. I think we had one chart to show the human skeleton. Our past, Noelle, is pretty much been from the neck up. We've been heavily focused on the head, the skeletal structure of the head and doing good work around that with surgeons. What we're now doing is try to attack other parts of the skeletal system in parallel and go after that. So you're looking at application expertise, other things that will advance the state of the art and healthcare applications around the skeletal system in addition to biotech. So I love those.
In industrial, we're being a little bit more -- a little bit pickier in terms of what areas that we really believe will be differentiated in the future. So it gets back to the steam of differentiated technology. Aerospace and space technology, general rocketry, satellites, propulsion, they've always really valued technology for performance reasons and weight, obviously in many cases. So additive has a lot to offer there. And so it will always remain a priority for us.
Ground vehicles, cars primarily, are mixed bag in the past because you had -- cars that heavily price-driven kind of high volume business, which would have traditionally been tough for additive -- tougher for additive. Now with EVs, it's really interesting, because they're borrowing a lot of technology from aircraft materials and applications. So what makes you successful in aerospace can help you in electric vehicles as well. And they benefit from some of more exotic part designs that you can do with additive to basically lightweight -- create a lightweight, strong vehicle structure for battery power to go further.
So EVs are a really interesting area in automotive and under the hood hot applications. We have some new specialty materials coming out now. They are really good for hot applications under the hood and other demanding automotive applications. So I've probably blanketed every area there, but hopefully that gives you a sense of what our priorities would be. And we've developed a nice work shift now to go after it and we're generating good cash flow to support that further.
Noelle Dilts -- Stifel -- Analyst
Great. Thanks so much.
Jeffrey A. Graves -- Chief Executive Officer and President
Thank you.
Operator
Thank you. Your next question is coming from Sarkis Sherbetchyan from B. Riley Securities. Your line is now live.
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
Hi. Good morning, and thank you for taking my question here.
Jeffrey A. Graves -- Chief Executive Officer and President
Sure.
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
In the last 12-month period, excluding divestitures, your sales were just over $520 million. Just wanted to get a sense for what's your outlook on organic growth for the top-line going forward on that base?
Jeffrey A. Graves -- Chief Executive Officer and President
In terms of organic growth, it's -- everybody struggles to put a number on the industry. I would put it this way. Our organic growth rate should be equal to or better than the industry norms. And I -- people put that in nicely single to double-digit ranges. There's no reason in the world that we wouldn't meet or beat industry growth rates. And in some of these emerging areas that we're going to try to really continue to double down on, I think you'll see an even higher growth rates.
So I feel really good about meeting and over time gaining some share in the market. In our approach, we know it's not a big share gain approach by pricing, it's more of a technology differentiation. So I think you'd put an industry growth number, which is our exciting numbers, good solid double-digit numbers and a little bit of windage above that for us. That's how I look at our business.
Jagtar, do you anything?
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
That's really helpful. And then [Technical Issue] operating expenses for SG&A and R&D. I guess, when considering the addition of Oqton and then Volumetric once it closes, are these dilutive to profitability? In essence, what's kind of the opex run rate as we think about integrating those businesses?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yeah, sure. So -- hey, Sarkis, this is Jagtar. I talked a little bit about that in the calls where we announced those acquisitions. So I'll reiterate my commentary there. So on Oqton, what I've said is in the near-term, meaning the rest of this year, we closed on November 1, don't expect much revenue contribution from them this year, although I expect that to ramp next year. Right now, their opex run rate is running about $3 million a quarter. So it will be dilutive in the near-term. But with their rapid growth, we would -- we expect over the next year or two to be less dilutive.
On the Volumetric side, in the near-term, I'm not expecting any kind of net opex impact until we sort of make decisions to invest further in the, call it, the non-organ side of the business. On their core business, we announced the expansion of our contract with United Therapeutics that will help support the expenses associated with Volumetric. But then as we make decisions to further advance the non-organ side, we may have additional investments, we'll talk about that in the future.
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
Great. Thank you. That's all from me.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Sarkis.
Operator
Thank you. Our next question today is coming from Wamsi Mohan from Bank of America. Your line is now live.
Wamsi Mohan -- Bank of America Securities -- Analyst
Yes. Thank you. Jeff, I'm trying to sort of reconcile some of your commentary regarding the very change that companies are implementing in terms of supply chains and how they're thinking about maybe manufacturing at different places and doing the entire manufacturing process differently versus comparing like you're Industrial revenues from two years ago to now, like you alluded for the growth in aggregate. But the Industrial side itself has not shown that much growth, whereas in some of the other industries where digital transformation has become a priority, you have seen, for instance, in software like material improvement and revenue growth as these companies are implementing digital transformation. So I'm just wondering, are you seeing any tea leaves with respect to Industrial? How should we think about Industrial as it progresses into 2022? Should we be seeing a much more material inflection in growth rate? If you've got any -- make any comments there that would be helpful? And I have a follow-up.
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah. And I guess more of a broad comment, Wamsi. I would say, Industrial is a very big market broadly and it will vary by vertical. And I think that's why you've seen each company because each company has a little bit different exposure in their customer base on the industrial side, some are growing faster than others. I think on average, if you look at the next few years, Industrial broadly is going to grow very nicely because I think COVID was immensely disruptive for them in terms of having, for example, their Asian supply chain shutdown and now on top of it, you've got shortages and logistics issues. So I do think broadly Industrial will be a strong grower in the next few years for everyone.
The individual rate by quarter will probably vary depending on what market you're really focused on. So I wouldn't worry too much about quarter-by-quarter changes. But if you look at year-over-year changes going forward, I think there will be a lift for most people participating in this space. And obviously, we tend to target the ones that are most technology-driven. Some of those will be faster growing than others coming out, but I think they all should be pretty impressive growth rates is my guess, if that's helpful to you.
Wamsi Mohan -- Bank of America Securities -- Analyst
Yeah, that's helpful. And then just a follow-up. As we think about gross margins, I understand that there are some supply chain headwinds currently as you're looking into the fourth quarter. But as you look out, I know last call you guys sort of spoke about your long-term targets of 50% gross margin and you mentioned on this call that that was largely a function of sort of increasing your levels of software and increasing level of materials, but you also made the comment that your go-to-market is much more sort of solution-based than product-based per se, like not piecemeal thinking about printers, materials and software.
And so as I put those two things together, are you essentially saying that you are making a big change to your sales motion to support a solution-based selling? And secondarily, as you think about the gross margin hitting that inflection, what's the timeframe that we're talking about? I know your long-term target is 50%, but if we're tracking closer to 40% today and we're still having supply chain issues, the mix is probably not going to swing that quickly. So just help us with the trajectory as you think to what those large contributors when they kick in?
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah. So the big drivers -- and I'll let Jagtar supplement this with comments on the short-term. But I can tell you the big drivers for us in terms of hitting our gross margin target, which again is 50% or better. From a macro standpoint, clearly healthcare will be a big driver of that. Healthcare commands higher gross margins. So clearly, growing in healthcare is a good thing broadly. So we'll continue to drive that hard. And with the extension now into biotech, I think that's really exciting from a gross margin implication standpoint, not only top-line, but gross margin standpoint. So that's really good.
From a mix standpoint, we invest a lot of money in value-added materials. So if you look at ongoing consumables once you have an installed base of printers, materials are great and then software. But the software platform upfront and ongoing upgrades software we're moving more to a subscription models now. That's a great recurring revenue stream. So if you look at the mix of what we actually sell where we are in the transactions, you should see a richer mix going forward. From a macro standpoint, you should see faster growth rates in healthcare overall, which carry a higher gross margin.
So those are kind of the macro trends that will drive. And we will continue to focus on technologies differentiated, so day-by-day pricing. If you wrap it into a solution and it's differentiated technology, hopefully you can command the highest gross margin upfront as well. So those are kind of the individual levers and the macro trends that will drive gross margin up to that 50% target.
In terms of short-term, Jagtar, I'll let you put on your crystal ball. It's hard to...
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yeah. Let me talk about timing, Wamsi. So the way we've modeled it out, we approached 50% gross margins over our strategic planning period, which is sort of four to five years that we've modeled it out. The way I look at it is, in the near-term we've got the supply chain issues. So what our supply chain people tell us they are kind of projecting kind of these issues in the market for the first half of next year and then it starts to soften down. So we're looking at improvements in gross margin sort of continuously over that four to five year planning period kind of excluding kind of the near-term supply chain issues.
Wamsi Mohan -- Bank of America Securities -- Analyst
Okay. Thank you so much.
Operator
Thank you. Our next question is coming from Brian Drab from William Blair. Your line is now live.
Jeffrey A. Graves -- Chief Executive Officer and President
Good morning, Brian.
Brian Drab -- William Blair -- Analyst
Hi. Thank you for taking the questions. Hey, good morning. Could you -- did you say how much revenue was from dental versus non-dental within the healthcare business this quarter?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
We haven't broken that out. What we've said is that our non-dental business grew 15% organically after adjusting for divestitures.
Brian Drab -- William Blair -- Analyst
Okay, great. So that 15% -- when you say med device, that's non-dental?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yeah, that's non-dental.
Brian Drab -- William Blair -- Analyst
Right, right. Okay. Got it. And then just some other cleaning up, like modeling stuff. You gave divested revenue, but can you help us with how much of the product segment accounts? How much of the divested revenues in products versus services?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yeah, I don't have that breakout with me, Brian, but I can get you that offline.
Brian Drab -- William Blair -- Analyst
Okay. And then, Jagtar, thanks for the comments around the Oqton $3 million in opex, but I'm just wondering, can you make a larger -- like a higher level comment around opex and what -- given the opex run rate that you exited the quarter at, what should we expect for the fourth quarter and going forward?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yeah, sure. So our non-GAAP opex in the third quarter was $54.1 million. You'll have the impact of the divestitures. So right now, the assets that we've divested in Q3 contributed about $4 million to $5 million in opex. So that will come out in Q4. R&D was light in Q3. The result of some R&D credits we received in certain countries as well as some attrition that we had, some hiring of backfills that we're doing. So I would expect R&D to be kind of marginally up in Q4, not by much though. So if you weigh those trade-offs, you'd sort of stay flat to slightly up on opex after adjusting for divestitures and then you add in the Volumetric, which will have about two months worth of.
Brian Drab -- William Blair -- Analyst
Okay. And then Oqton?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Sorry, I meant Oqton. I said Volumetric, I meant Oqton, sorry.
Brian Drab -- William Blair -- Analyst
Right. Volumetric doesn't come with any opex, right?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yes.
Brian Drab -- William Blair -- Analyst
Okay. And then going forward, like in 2022, you mentioned you're going to be investing obviously in the higher growth businesses, but is this a -- are these big investments or is this opex growing in line with revenue?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yeah. I think opex will grow in line with revenue.
Brian Drab -- William Blair -- Analyst
Got it. Okay. Thanks very much.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Thanks, Brian.
Operator
Thank you. Our next question today is coming from Paul Chung from J.P. Morgan. Your line is now live.
Paul Chung -- J.P. Morgan -- Analyst
Hi. Thanks for taking my questions. You typically see some seasonal strength in 4Q, should we expect to see kind of a bump here from the $137 million range in Q3 for kind of the core business ex-divestitures? And then on the kind of the recent acquisitions, how do we think about the timing of layering in the contribution there? Will it be kind of more material in second half of '22?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yeah. I'll answer both of those, Paul. So on the timing of the acquisitions, we would expect the second half of '22 is kind of where we'd expect to see the ramp starting up with Oqton, it's a cloud software business. So we're working hard on bookings. We see a fantastic pipeline right now, actually, but it will be more in the second half as you start to see that revenue build.
On the Q4 revenue forecast, I would say -- I would look to our normal seasonality Q3 to Q4. Right now, we're seeing -- I would exclude last year, last year was kind of a sizable jump from Q3 to Q4 because of the COVID dynamics. But if you look at prior years, the normal Q3 to Q4 bump where we're seeing sort of typical seasonality, obviously, supply chain is the big swing this year. But right now, as I said, we've -- we're doing all we can to sort of manage supply chain, and we're kind of seeing our normal Q3 to Q4.
Paul Chung -- J.P. Morgan -- Analyst
Got you. And then on free cash flow, you guys have done a great job there. But what would the normalized free cash flow being kind of ex-divestiture? And how do we think about that quarterly run rate of free cash flow as we layer in layer in acquisitions as well? They've done a great job on working capital.
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yeah. So if I go back to what I said in the last phone call, the divestitures contributed to stuff that we did. This year it contributed about $25 million a quarter to revenue and then about $5 million a quarter to contribution margin, and there is kind of very little depreciation associated with those assets. So that's roughly a cash flow number, maybe slightly higher, so call it $5 million to $6 million a quarter.
Paul Chung -- J.P. Morgan -- Analyst
Got it. And then lastly, just a quick modeling. Can you confirm kind of the cash outflow in Q4 and equity issuance for Q4? What's the share count expectations kind of post-acquisitions in Q4 and moving forward?
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Sure. So we...
Paul Chung -- J.P. Morgan -- Analyst
And the rationale between the cash equity split and you got to...
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Yeah. So we released a Q today that's got an updated share count number on the first page. It's got included in that the shares we issued for the Volumetric acquisition, which was roughly about 2.5 million shares. Sorry, I got it wrong. The Oqton acquisition, I keep saying that wrong. The Oqton acquisition, about 2.5 million shares. For Volumetric, it will be half of the purchase price, so $22.5 million worth of shares. That will be based upon the trailing 20 day average. So figured roughly $30 a share there once that acquisition closes. That will be the primary issuance of stock in Q4.
The split that we've done cash and stock, primarily, it's been to manage cash. We have a sizable balance sheet now, but we do want to make investments and we want to reserve cash for making investments. And with some of the acquired assets, we want some of the founders' skin in the game so we've balanced it between...
Paul Chung -- J.P. Morgan -- Analyst
Makes sense. Okay, great. Thanks.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks.
Operator
Thank you. Our last question today is coming from Ashley Ellis from Cross Research. Your line is now live.
Ashley Ellis -- Cross Research -- Analyst
Hi. Thank you for taking my questions. Over the last few months and just on this call today, it seems like you're really focusing heavily on healthcare and becoming more and more of a healthcare company. So I'm wondering, how are those conversations going with your large industrial customers? How are you giving them the assurance that you're going to support them for the years to come when they're making investments of hundreds of thousands of dollars? And then at the same time, how are you thinking about sales headcount and investments in R&D for the industrial business as you're being more selective, but you want to make sure you're not going to fall behind the pack? Thanks.
Jeffrey A. Graves -- Chief Executive Officer and President
Yeah, two very good questions. So I would tell you, while a lot of my examples today were healthcare examples, we are very excited about industrial. As I mentioned, we pick our markets carefully in industrial to make sure they're targeted toward folks that can get the most benefit from additive manufacturing. So that's where we target our efforts, but we're very excited about industrial.
There's a lot of -- if you get down to the technology level on printing and if we're -- I'll just pick one example, Ashley. You say powder bed printing with lasers. So you have metal and polymer powder bed printing that can go both directions to industrial and healthcare applications quite nicely. There's a lot of synergy and overlap with those. So by investing in the underlying technologies, we get a double bang for the buck basically. We can take them.
What distinguishes the two businesses are the application expertise. So helping a rocket company build a big titanium component versus a very small titanium component that's going to be implanted in the human body in the healthcare business. The basic technology can be very similar, the application expertise is quite different. And that's why I talked a little bit about the necessity of reorganizing the company into healthcare and industrial business units, because that application knowledge is very specific to that customer base.
They don't want to come in -- somebody involved in orthopedic implants doesn't want to come in and talk about rocket components, right? They want to know how you can help a surgeon repair a bone with a titanium implant. And so on and on and on. So that application knowledge is where it starts fragmenting between market verticals, and that's sort of a part of the sales process.
We are building out a bit more of a direct sales force in certain market verticals, especially in healthcare where it's very specialized customers that require distinct application knowledge. We still have a very robust, geographically disbursed sales team around the world that cover either small emerging customers or cover industrial customers more broadly, and we plan on maintaining both of those approaches. It's a balance. We got to watch the costs. But It's certainly worth getting right. And it's one of the things we reconfigured heavily over the last, say, 18 months.
Ashley Ellis -- Cross Research -- Analyst
Okay. Thank you. And then my one last question, this might be splitting hairs a bit. But I know a couple of times during the call you mentioned that you completed your divestitures, but at the very beginning of the call, Jeff, you mentioned that you had completed the first of your divestitures of non-core assets. Is that to imply you could make more divestitures or am I just reading too closely to the language?
Jeffrey A. Graves -- Chief Executive Officer and President
No, Ashley. I'm sorry if I -- if it didn't come across clearly. A year ago, what I was reflecting on as we sat here a year ago, we had done one. And now a year later, we've done them all. So we are finished. We own what we're very happy owning and feel like we're the rightful owners of. And we've divested things that are best owned by other folks. So we're finished with divestitures. I guess, you can never say it blankets risk, but we are really basically finished. We're focused on additive as a stand-alone core business, and that's the way we want to run the business going forward.
Ashley Ellis -- Cross Research -- Analyst
Okay. Thank you so much.
Jeffrey A. Graves -- Chief Executive Officer and President
You're welcome. And given that that was the last question, I will just make the comment. As our general practice going forward, we'll do what we've done with the last two acquisitions. When they are really important to us strategically, and not all acquisitions are important strategically. But when they really are kind of groundbreaking, needle moving, potential as an acquisition, we'll try to hold a separate investor call the next day and just describe why we're excited about it and what role it plays in addition to the economics of the deal. But I will give you a little bit more strategic view.
If you go back to both the Oqton and the Volumetric acquisition, both of those investor calls are on the website under the Investor Relations tab. And you're welcome to look at the charts and listen to them at your leisure if you want to know more about them in detail. These quarterly calls are shorter by nature and probably a little less strategically deep. So Kevin, that wraps up the Q&A.
Operator
Perfect. Do you have further closing comments, sir?
Jeffrey A. Graves -- Chief Executive Officer and President
John, do you want to wrap up?
John Nypaver -- Vice President, Treasurer and Investor Relations
Thank you for joining us today and for your continued support of 3D Systems. A replay of this webcast will be available after the call on the Investor Relations section of our website. Have a good day.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, everyone.
Operator
[Operator Closing Remarks]
Duration: 75 minutes
Call participants:
John Nypaver -- Vice President, Treasurer and Investor Relations
Jeffrey A. Graves -- Chief Executive Officer and President
Jagtar Narula -- Executive Vice President and Chief Financial Officer
Troy Jensen -- Lake Street Capital Markets -- Analyst
Greg Palm -- Craig-Hallum Capital Group -- Analyst
Noelle Dilts -- Stifel -- Analyst
Sarkis Sherbetchyan -- B. Riley Securities -- Analyst
Wamsi Mohan -- Bank of America Securities -- Analyst
Brian Drab -- William Blair -- Analyst
Paul Chung -- J.P. Morgan -- Analyst
Ashley Ellis -- Cross Research -- Analyst
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This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems Corporation (NYSE: DDD) Q3 2021 Earnings Call Nov 9, 2021, 8:30 a.m. Operator [Operator Closing Remarks] Duration: 75 minutes Call participants: John Nypaver -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President and Chief Financial Officer Troy Jensen -- Lake Street Capital Markets -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Noelle Dilts -- Stifel -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst Wamsi Mohan -- Bank of America Securities -- Analyst Brian Drab -- William Blair -- Analyst Paul Chung -- J.P. Morgan -- Analyst Ashley Ellis -- Cross Research -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. We subsequently announced two acquisitions that embody our strategic focus on growth, which is to invest in businesses that drive the adoption of additive manufacturing, solve customers' most complex application needs and generate high margin recurring revenue streams that are critical to sustain value creation.
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Operator [Operator Closing Remarks] Duration: 75 minutes Call participants: John Nypaver -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President and Chief Financial Officer Troy Jensen -- Lake Street Capital Markets -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Noelle Dilts -- Stifel -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst Wamsi Mohan -- Bank of America Securities -- Analyst Brian Drab -- William Blair -- Analyst Paul Chung -- J.P. Morgan -- Analyst Ashley Ellis -- Cross Research -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corporation (NYSE: DDD) Q3 2021 Earnings Call Nov 9, 2021, 8:30 a.m. So fast forwarding to this year, with the acquisition of Oqton, we expanded our software capabilities into what we call broadly digital manufacturing software, which as we described earlier, enables a rapid and efficient adoption of additive manufacturing in high volume production environments.
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Operator [Operator Closing Remarks] Duration: 75 minutes Call participants: John Nypaver -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President and Chief Financial Officer Troy Jensen -- Lake Street Capital Markets -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Noelle Dilts -- Stifel -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst Wamsi Mohan -- Bank of America Securities -- Analyst Brian Drab -- William Blair -- Analyst Paul Chung -- J.P. Morgan -- Analyst Ashley Ellis -- Cross Research -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corporation (NYSE: DDD) Q3 2021 Earnings Call Nov 9, 2021, 8:30 a.m. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Jagtar Narula, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
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Operator [Operator Closing Remarks] Duration: 75 minutes Call participants: John Nypaver -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President and Chief Financial Officer Troy Jensen -- Lake Street Capital Markets -- Analyst Greg Palm -- Craig-Hallum Capital Group -- Analyst Noelle Dilts -- Stifel -- Analyst Sarkis Sherbetchyan -- B. Riley Securities -- Analyst Wamsi Mohan -- Bank of America Securities -- Analyst Brian Drab -- William Blair -- Analyst Paul Chung -- J.P. Morgan -- Analyst Ashley Ellis -- Cross Research -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corporation (NYSE: DDD) Q3 2021 Earnings Call Nov 9, 2021, 8:30 a.m. Our Industrial segment generated revenue growth of 4% to $79.7 million compared to the same period last year and was flat to last quarter, reflecting the divestiture of the on-demand manufacturing parts business during the quarter.
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6b84d944-a55c-4fc5-92f8-3771b7c83105
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716551.0
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2021-11-09 00:00:00 UTC
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Why 3D Systems Investors Feel Blue on a Red Day
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-investors-feel-blue-on-a-red-day
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nan
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What happened
The positive trend of rising share prices for 3D printing companies that began with a Desktop Metal press release a week ago and continued through Stratasys' big earnings beat on Thursday came to a screeching halt today after 3D Systems (NYSE: DDD) reported some earnings of its own.
3D Systems stock is down a shocking 13.2% as of 12:50 p.m. EST. And yet ... the news wasn't that bad.
Image source: Getty Images.
So what
The third big 3D printing company to report earnings over the past couple of weeks, 3D Systems was supposed to earn only $0.05 per share on $144.8 million in revenue in its fiscal third quarter, according to analysts. In fact, though, 3D beat on both the top and bottom lines. Q3 earnings came in at a strong $0.08 per share, while Q3 revenue was well ahead of consensus targets at $156.1 million.
That revenue number, by the way, surged 15% year over year and would have done even better -- it "increased 35.9% when excluding businesses divested in 2020 and 2021," noted management. Moreover, including gains from those divestitures, 3D raked in a cool $2.34 per share in profit when calculated according to generally accepted accounting principles (GAAP) -- money the company can now use to reinvest in its core business.
Now what
Arguably best of all, with Q3 results now in, 3D has officially generated positive free cash flow (FCF) from its business for four consecutive quarters -- $57.8 million in all. Granted, that level of cash production still isn't good enough to make the stock an obvious bargain. 3D Systems stock still sells for a whopping 64.5 times trailing FCF -- and this may be one reason investors are shying away from it today.
3D Systems stock is at least a relative bargain, however, when compared with Stratasys at 74.4 times FCF (according to data from S&P Global Market Intelligence) or Desktop Metal -- which has no free cash flow whatsoever, and therefore a price-to-free-cash-flow valuation of literal infinity.
If you're in the market for a 3D printing stock, therefore, and ready to start researching (if not necessarily ready to buy just yet), I think 3D Systems just might be a fine place to start.
10 stocks we like better than 3D Systems
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*Stock Advisor returns as of October 20, 2021
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened The positive trend of rising share prices for 3D printing companies that began with a Desktop Metal press release a week ago and continued through Stratasys' big earnings beat on Thursday came to a screeching halt today after 3D Systems (NYSE: DDD) reported some earnings of its own. Moreover, including gains from those divestitures, 3D raked in a cool $2.34 per share in profit when calculated according to generally accepted accounting principles (GAAP) -- money the company can now use to reinvest in its core business. Now what Arguably best of all, with Q3 results now in, 3D has officially generated positive free cash flow (FCF) from its business for four consecutive quarters -- $57.8 million in all.
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What happened The positive trend of rising share prices for 3D printing companies that began with a Desktop Metal press release a week ago and continued through Stratasys' big earnings beat on Thursday came to a screeching halt today after 3D Systems (NYSE: DDD) reported some earnings of its own. So what The third big 3D printing company to report earnings over the past couple of weeks, 3D Systems was supposed to earn only $0.05 per share on $144.8 million in revenue in its fiscal third quarter, according to analysts. Now what Arguably best of all, with Q3 results now in, 3D has officially generated positive free cash flow (FCF) from its business for four consecutive quarters -- $57.8 million in all.
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What happened The positive trend of rising share prices for 3D printing companies that began with a Desktop Metal press release a week ago and continued through Stratasys' big earnings beat on Thursday came to a screeching halt today after 3D Systems (NYSE: DDD) reported some earnings of its own. 3D Systems stock is at least a relative bargain, however, when compared with Stratasys at 74.4 times FCF (according to data from S&P Global Market Intelligence) or Desktop Metal -- which has no free cash flow whatsoever, and therefore a price-to-free-cash-flow valuation of literal infinity. See the 10 stocks *Stock Advisor returns as of October 20, 2021 Rich Smith has no position in any of the stocks mentioned.
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What happened The positive trend of rising share prices for 3D printing companies that began with a Desktop Metal press release a week ago and continued through Stratasys' big earnings beat on Thursday came to a screeching halt today after 3D Systems (NYSE: DDD) reported some earnings of its own. 3D Systems stock is at least a relative bargain, however, when compared with Stratasys at 74.4 times FCF (according to data from S&P Global Market Intelligence) or Desktop Metal -- which has no free cash flow whatsoever, and therefore a price-to-free-cash-flow valuation of literal infinity. * They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them!
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0bb9c733-17c4-41ab-a223-2cf1b0815e6c
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716552.0
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2021-11-09 00:00:00 UTC
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3D Systems Stock Drops Even as Earnings and Revenue Beat Expectations
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DDD
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https://www.nasdaq.com/articles/3d-systems-stock-drops-even-as-earnings-and-revenue-beat-expectations
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nan
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nan
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3D Systems (NYSE: DDD) reported third-quarter 2021 results after the market close on Monday that didn't satisfy market participants in the after-hours trading session. They drove shares down 11.8%.
The 3D printing company turned in solid quarterly results, with both revenue and earnings coming in higher than Wall Street's expectations. However, the culprit behind the sell-off was likely management's full-year guidance for adjusted gross margin. It implies that the fourth-quarter result for this metric (and hence, adjusted earnings) could be weaker than analysts anticipated.
This sell-off seems overdone, in my view. It seems likely that management issued a conservative outlook for this metric due to the uncertainties surrounding its supply chain and hiring employees in a tight labor market. These are macroeconomic issues nearly all companies are facing. Investors will learn more during the analystearnings call scheduled for Tuesday at 8:30 a.m. EST.
Now, let's get to the numbers.
Image source: Getty Images.
3D Systems' key metrics
METRIC
Q3 2021
Q3 2020
CHANGE
Revenue
$156.1 million
$136.2 million
15% (36%, excluding the impact of divested businesses)
GAAP operating income
($17.2 million)
($67.6 million)
N/A. Loss narrowed by 75%.
Adjusted operating income
$10.6 million
--
N/A. Result flipped to positive from breakeven.
GAAP net income
$292.7 million
($72.9 million)
N/A. Result flipped to positive from negative.
Adjusted net income
$10.0 million
($4.1 million)
N/A. Result flipped to positive from negative.
GAAP earnings per share (EPS)
$2.34
($0.61)
N/A. Result flipped to positive from negative
Adjusted EPS
$0.08
($0.03)
N/A. Result flipped to positive from negative.
Data source: 3D Systems. GAAP = generally accepted accounting principles.
The net income and GAAP EPS results include gains from divestitures. Therefore, investors should focus on the metrics that are adjusted for one-time items.
Wall Street was looking for adjusted EPS of $0.05 on revenue of $144.5 million, as outlined in my earnings preview. So, the company easily exceeded both expectations.
As was the case last quarter, 3D Systems had easy comparables because the COVID-19 pandemic significantly hurt its results in the year-ago period. In that quarter, many companies in the industrial sector were still cautious with their ordering. So, investors should also consider the comparison with the same quarter two years ago, or before the pandemic. Adjusted for divestitures, third-quarter revenue was 21% higher than in Q3 2019, which is a solid result.
The company generated cash from operations of $20.7 million, representing the fourth consecutive quarter of positive operating cash flow. As expected, it closed on its previously announced divestitures of noncore assets, which helped boost its cash position to $502.8 million at the end of the quarter. With cash of a half-billion dollars and no debt, 3D Systems sports a pristine balance sheet.
GAAP gross margin was 41.2%, down from 43.1% in the year-ago period. Adjusted gross margin landed at 41.5%, down from 43.2% in the third quarter of last year. These declines are primarily the result of businesses divested in 2020 and 2021, the company said in the earnings release.
For context, in the second quarter, 3D Systems' revenue surged 44% year over year (and 59% excluding the impact of divestitures) to $162.6 million, crushing the $143.3 million the Street expected. Adjusted EPS was $0.12, up from a loss of $0.13 in the year-ago period, and more than double the $0.05 that analysts were looking for.
Segment results
SEGMENT
Q3 2021 REVENUE
CHANGE (YOY)
Healthcare
$76.4 million
28% (45%, adjusted for divestitures)
Industrial
$79.7 million
4% (28%, adjusted for divestitures)
Total
$156.1 million
15% (36%, adjusted for divestitures)
Data source: 3D Systems. YOY = year over year.
In healthcare, 3D Systems experienced a particularly strong demand for dental products, both 3D printers and materials. The pandemic caused many people to put off non-emergency dental services, so the company is probably benefiting from pent-up demand.
What management had to say
Here's part of CEO Jeffrey Graves' (very lengthy) statement in the earnings release.
We still see continued challenges with COVID-19, and new challenges around supply chains, but thanks to the great work by our team here at 3D Systems, we are pleased to report another strong quarter of double-digit growth as compared to the same period in both 2020 and pre-pandemic 2019, adjusted for divestitures. ... [W]e also completed our divestitures of non-core assets and began the transition to a strategic growth phase.
Our focus during this phase is investing in significant opportunities that we believe will drive high-margin recurring revenue, as evidenced by our acquisition in the software space of Oqton, and the hiring of a new Chief Scientist to further advance our technology development [in the realm of bioprinting and regenerative medicine].
More recently we made two announcements in the exciting area of regenerative medicine: the acquisition of Volumetric Biotechnologies and the expansion of our development agreement with United Therapeutics to include two additional human organs.
2021 adjusted gross margin outlook
Management has not been providing full-year guidance for revenue or earnings, just for adjusted gross margin. It now expects this metric to be between 41% and 43%. Its prior guidance was 40% to 44%. In other words, it tightened its prior outlook around the midpoint, which remains at 42%.
So why did participants in Monday's after-hours trading session view this move as a negative? They were probably expecting a better number since the company's adjusted gross margin for the first nine months of the year is 42.6%. So, management's guidance suggests the fourth-quarter result for this metric could be weaker than the average for the first nine months of the year. This metric impacts the bottom line, suggesting adjusted earnings might also come in lighter than analysts had been expecting.
On that note, going into the report, Wall Street had been modeling for Q4 adjusted EPS to decline 33% year over year to $0.06 and revenue to fall 20% to $138.8 million.
Generally, short-term traders are those who are trading during after-hours sessions. Investors focused on the long (or even medium) term shouldn't give much heed to any single quarter's results, let alone the outlook for any particular metric in one quarter.
Another solid quarter
3D Systems turned in another solid quarter. Investors should be pleased, as the company's turnaround is making steady progress. But keep in mind the company remains unprofitable from a GAAP operating basis.
Investors will learn more on Tuesday when the company holds its analystearnings callat 8:30 a.m. EST. Management should expound on its full-year adjusted gross margin guidance.
10 stocks we like better than 3D Systems
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) reported third-quarter 2021 results after the market close on Monday that didn't satisfy market participants in the after-hours trading session. It seems likely that management issued a conservative outlook for this metric due to the uncertainties surrounding its supply chain and hiring employees in a tight labor market. Our focus during this phase is investing in significant opportunities that we believe will drive high-margin recurring revenue, as evidenced by our acquisition in the software space of Oqton, and the hiring of a new Chief Scientist to further advance our technology development [in the realm of bioprinting and regenerative medicine].
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3D Systems (NYSE: DDD) reported third-quarter 2021 results after the market close on Monday that didn't satisfy market participants in the after-hours trading session. Revenue $156.1 million $136.2 million 15% (36%, excluding the impact of divested businesses) GAAP operating income ($17.2 million) ($67.6 million) N/A. Healthcare $76.4 million 28% (45%, adjusted for divestitures) Industrial $79.7 million 4% (28%, adjusted for divestitures) Total $156.1 million 15% (36%, adjusted for divestitures) Data source: 3D Systems.
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3D Systems (NYSE: DDD) reported third-quarter 2021 results after the market close on Monday that didn't satisfy market participants in the after-hours trading session. For context, in the second quarter, 3D Systems' revenue surged 44% year over year (and 59% excluding the impact of divestitures) to $162.6 million, crushing the $143.3 million the Street expected. Healthcare $76.4 million 28% (45%, adjusted for divestitures) Industrial $79.7 million 4% (28%, adjusted for divestitures) Total $156.1 million 15% (36%, adjusted for divestitures) Data source: 3D Systems.
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3D Systems (NYSE: DDD) reported third-quarter 2021 results after the market close on Monday that didn't satisfy market participants in the after-hours trading session. GAAP earnings per share (EPS) $2.34 ($0.61) N/A. Healthcare $76.4 million 28% (45%, adjusted for divestitures) Industrial $79.7 million 4% (28%, adjusted for divestitures) Total $156.1 million 15% (36%, adjusted for divestitures) Data source: 3D Systems.
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f9e16a83-4466-448e-8532-1481738ff03a
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716553.0
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2021-11-09 00:00:00 UTC
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3D Systems Slips 11.8% Despite Solid Q3 Results
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DDD
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https://www.nasdaq.com/articles/3d-systems-slips-11.8-despite-solid-q3-results
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nan
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nan
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Shares of three-dimensional (3D) printing solutions provider 3D Systems Corp. (DDD) slipped 11.8% in the after-hours trading session on Monday, even though the company reported strong financial results for the third quarter of 2021.
Headquartered in South Carolina, 3D Systems engineers, manufactures and sells 3D scanners, 3D printers, 3D printing materials. It also provides 3D printing services.
Q3 Results
The company reported earnings of $0.08 per share, beating the Street’s estimate of $0.05 per share. 3D Systems had recorded a loss of $0.03 per share in the third quarter of last year.
Revenue increased 14.6% year-over-year to $156.1 million, surpassing analysts’ expectations of $144.76 million.
The industrial segment’s revenues grew 4% to $79.7 million, and the Healthcare segment generated revenues of $76.4 million, up 28.3% year-over-year.
Adjusted gross profit margin stood at 41.2%, down from 43.1% in the previous year, primarily because of businesses divested in 2020 and 2021.
3D Systems ended the quarter with $502.8 million of cash and no debt. (See Insiders’ Hot Stocks on TipRanks)
CEO Comments
Commenting on the results, the President and CEO of 3D Systems, Jeffrey Graves said, “We will continue to focus investment in areas that we believe solve customers’ complex needs, drive adoption of additive manufacturing, and generate high margin, recurring revenue streams.”
Outlook
The company expects adjusted gross profit margin to range between 41% and 43% in 2021.
Analyst Recommendation
Overall, the stock has a Hold consensus rating based on 1 Buy, 5 Holds and 2 Sells. The average 3D Systems price target of $29.86 implies nearly 12% downside potential. Shares have gained 393.2% over the past year.
Risk Analysis
According to TipRanks’ Risk Factors tool, 3D Systems is at risk mainly from one factor: Finance & Corporate, which accounts for 38% of the total 21 risks identified for the stock. Under the Finance & Corporate risk category, the company has eight risks, details of which can be found on the TipRanks website.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of three-dimensional (3D) printing solutions provider 3D Systems Corp. (DDD) slipped 11.8% in the after-hours trading session on Monday, even though the company reported strong financial results for the third quarter of 2021. Headquartered in South Carolina, 3D Systems engineers, manufactures and sells 3D scanners, 3D printers, 3D printing materials. (See Insiders’ Hot Stocks on TipRanks) CEO Comments Commenting on the results, the President and CEO of 3D Systems, Jeffrey Graves said, “We will continue to focus investment in areas that we believe solve customers’ complex needs, drive adoption of additive manufacturing, and generate high margin, recurring revenue streams.” Outlook The company expects adjusted gross profit margin to range between 41% and 43% in 2021.
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Shares of three-dimensional (3D) printing solutions provider 3D Systems Corp. (DDD) slipped 11.8% in the after-hours trading session on Monday, even though the company reported strong financial results for the third quarter of 2021. The industrial segment’s revenues grew 4% to $79.7 million, and the Healthcare segment generated revenues of $76.4 million, up 28.3% year-over-year. (See Insiders’ Hot Stocks on TipRanks) CEO Comments Commenting on the results, the President and CEO of 3D Systems, Jeffrey Graves said, “We will continue to focus investment in areas that we believe solve customers’ complex needs, drive adoption of additive manufacturing, and generate high margin, recurring revenue streams.” Outlook The company expects adjusted gross profit margin to range between 41% and 43% in 2021.
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Shares of three-dimensional (3D) printing solutions provider 3D Systems Corp. (DDD) slipped 11.8% in the after-hours trading session on Monday, even though the company reported strong financial results for the third quarter of 2021. (See Insiders’ Hot Stocks on TipRanks) CEO Comments Commenting on the results, the President and CEO of 3D Systems, Jeffrey Graves said, “We will continue to focus investment in areas that we believe solve customers’ complex needs, drive adoption of additive manufacturing, and generate high margin, recurring revenue streams.” Outlook The company expects adjusted gross profit margin to range between 41% and 43% in 2021. Risk Analysis According to TipRanks’ Risk Factors tool, 3D Systems is at risk mainly from one factor: Finance & Corporate, which accounts for 38% of the total 21 risks identified for the stock.
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Shares of three-dimensional (3D) printing solutions provider 3D Systems Corp. (DDD) slipped 11.8% in the after-hours trading session on Monday, even though the company reported strong financial results for the third quarter of 2021. 3D Systems had recorded a loss of $0.03 per share in the third quarter of last year. 3D Systems ended the quarter with $502.8 million of cash and no debt.
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eb6a0690-614d-48b1-abfc-b53130307ca4
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716554.0
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2021-11-09 00:00:00 UTC
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Pre-market Movers: DVD, NAKD, ATER, SDC, VINO…
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DDD
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https://www.nasdaq.com/articles/pre-market-movers%3A-dvd-nakd-ater-sdc-vino...
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nan
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nan
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(RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 05.15 A.M. ET).
In the Green
Dover Motorsports, Inc. (DVD) is up over 58% at $3.61 Naked Brand Group Limited (NAKD) is up over 36% at $0.97 Aterian, Inc. (ATER) is up over 23% at $7.70 Roblox Corporation (RBLX) is up over 20% at $92.79 CarLotz, Inc. (LOTZ) is up over 11% at $4.36 Powerbridge Technologies Co., Ltd. (PBTS) is up over 10% at $1.43 HIVE Blockchain Technologies Ltd. (HIVE) is up over 8% at $5.28
In the Red
SmileDirectClub, Inc. (SDC) is down over 21% at $4.12 Gaucho Group Holdings, Inc. (VINO) is down over 21% at $3.57 Pioneer Power Solutions, Inc. (PPSI) is down over 20% at $8.31 Arrival (ARVL) is down over 19% at $14.27 3D Systems Corporation (DDD) is down over 8% at $31.00 Polar Power, Inc. (POLA) is down over 8% at $6.39
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the Green Dover Motorsports, Inc. (DVD) is up over 58% at $3.61 Naked Brand Group Limited (NAKD) is up over 36% at $0.97 Aterian, Inc. (ATER) is up over 23% at $7.70 Roblox Corporation (RBLX) is up over 20% at $92.79 CarLotz, Inc. (LOTZ) is up over 11% at $4.36 Powerbridge Technologies Co., Ltd. (PBTS) is up over 10% at $1.43 HIVE Blockchain Technologies Ltd. (HIVE) is up over 8% at $5.28 In the Red SmileDirectClub, Inc. (SDC) is down over 21% at $4.12 Gaucho Group Holdings, Inc. (VINO) is down over 21% at $3.57 Pioneer Power Solutions, Inc. (PPSI) is down over 20% at $8.31 Arrival (ARVL) is down over 19% at $14.27 3D Systems Corporation (DDD) is down over 8% at $31.00 Polar Power, Inc. (POLA) is down over 8% at $6.39 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 05.15 A.M. ET).
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In the Green Dover Motorsports, Inc. (DVD) is up over 58% at $3.61 Naked Brand Group Limited (NAKD) is up over 36% at $0.97 Aterian, Inc. (ATER) is up over 23% at $7.70 Roblox Corporation (RBLX) is up over 20% at $92.79 CarLotz, Inc. (LOTZ) is up over 11% at $4.36 Powerbridge Technologies Co., Ltd. (PBTS) is up over 10% at $1.43 HIVE Blockchain Technologies Ltd. (HIVE) is up over 8% at $5.28 In the Red SmileDirectClub, Inc. (SDC) is down over 21% at $4.12 Gaucho Group Holdings, Inc. (VINO) is down over 21% at $3.57 Pioneer Power Solutions, Inc. (PPSI) is down over 20% at $8.31 Arrival (ARVL) is down over 19% at $14.27 3D Systems Corporation (DDD) is down over 8% at $31.00 Polar Power, Inc. (POLA) is down over 8% at $6.39 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 05.15 A.M. ET).
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In the Green Dover Motorsports, Inc. (DVD) is up over 58% at $3.61 Naked Brand Group Limited (NAKD) is up over 36% at $0.97 Aterian, Inc. (ATER) is up over 23% at $7.70 Roblox Corporation (RBLX) is up over 20% at $92.79 CarLotz, Inc. (LOTZ) is up over 11% at $4.36 Powerbridge Technologies Co., Ltd. (PBTS) is up over 10% at $1.43 HIVE Blockchain Technologies Ltd. (HIVE) is up over 8% at $5.28 In the Red SmileDirectClub, Inc. (SDC) is down over 21% at $4.12 Gaucho Group Holdings, Inc. (VINO) is down over 21% at $3.57 Pioneer Power Solutions, Inc. (PPSI) is down over 20% at $8.31 Arrival (ARVL) is down over 19% at $14.27 3D Systems Corporation (DDD) is down over 8% at $31.00 Polar Power, Inc. (POLA) is down over 8% at $6.39 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 05.15 A.M. ET).
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In the Green Dover Motorsports, Inc. (DVD) is up over 58% at $3.61 Naked Brand Group Limited (NAKD) is up over 36% at $0.97 Aterian, Inc. (ATER) is up over 23% at $7.70 Roblox Corporation (RBLX) is up over 20% at $92.79 CarLotz, Inc. (LOTZ) is up over 11% at $4.36 Powerbridge Technologies Co., Ltd. (PBTS) is up over 10% at $1.43 HIVE Blockchain Technologies Ltd. (HIVE) is up over 8% at $5.28 In the Red SmileDirectClub, Inc. (SDC) is down over 21% at $4.12 Gaucho Group Holdings, Inc. (VINO) is down over 21% at $3.57 Pioneer Power Solutions, Inc. (PPSI) is down over 20% at $8.31 Arrival (ARVL) is down over 19% at $14.27 3D Systems Corporation (DDD) is down over 8% at $31.00 Polar Power, Inc. (POLA) is down over 8% at $6.39 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 05.15 A.M. ET).
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b4c1935d-4a76-4797-9f41-3b855b40a0e4
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716555.0
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2021-11-04 00:00:00 UTC
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Noteworthy Thursday Option Activity: AMD, CCRN, DDD
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DDD
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https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-amd-ccrn-ddd-2021-11-04
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Advanced Micro Devices Inc (Symbol: AMD), where a total of 1.3 million contracts have traded so far, representing approximately 129.7 million underlying shares. That amounts to about 274.8% of AMD's average daily trading volume over the past month of 47.2 million shares. Especially high volume was seen for the $135 strike call option expiring November 05, 2021, with 80,898 contracts trading so far today, representing approximately 8.1 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $135 strike highlighted in orange:
Cross Country Healthcare Inc (Symbol: CCRN) options are showing a volume of 8,243 contracts thus far today. That number of contracts represents approximately 824,300 underlying shares, working out to a sizeable 269.6% of CCRN's average daily trading volume over the past month, of 305,740 shares. Especially high volume was seen for the $22.50 strike call option expiring December 17, 2021, with 3,336 contracts trading so far today, representing approximately 333,600 underlying shares of CCRN. Below is a chart showing CCRN's trailing twelve month trading history, with the $22.50 strike highlighted in orange:
And 3D Systems Corp. (Symbol: DDD) saw options trading volume of 47,280 contracts, representing approximately 4.7 million underlying shares or approximately 242.7% of DDD's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $35 strike call option expiring November 05, 2021, with 17,262 contracts trading so far today, representing approximately 1.7 million underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for AMD options, CCRN options, or DDD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $35 strike call option expiring November 05, 2021, with 17,262 contracts trading so far today, representing approximately 1.7 million underlying shares of DDD. Below is a chart showing CCRN's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) saw options trading volume of 47,280 contracts, representing approximately 4.7 million underlying shares or approximately 242.7% of DDD's average daily trading volume over the past month, of 1.9 million shares. Below is a chart showing DDD's trailing twelve month trading history, with the $35 strike highlighted in orange: For the various different available expirations for AMD options, CCRN options, or DDD options, visit StockOptionsChannel.com.
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Below is a chart showing CCRN's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) saw options trading volume of 47,280 contracts, representing approximately 4.7 million underlying shares or approximately 242.7% of DDD's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $35 strike call option expiring November 05, 2021, with 17,262 contracts trading so far today, representing approximately 1.7 million underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $35 strike highlighted in orange: For the various different available expirations for AMD options, CCRN options, or DDD options, visit StockOptionsChannel.com.
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Below is a chart showing CCRN's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) saw options trading volume of 47,280 contracts, representing approximately 4.7 million underlying shares or approximately 242.7% of DDD's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $35 strike call option expiring November 05, 2021, with 17,262 contracts trading so far today, representing approximately 1.7 million underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $35 strike highlighted in orange: For the various different available expirations for AMD options, CCRN options, or DDD options, visit StockOptionsChannel.com.
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Below is a chart showing CCRN's trailing twelve month trading history, with the $22.50 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) saw options trading volume of 47,280 contracts, representing approximately 4.7 million underlying shares or approximately 242.7% of DDD's average daily trading volume over the past month, of 1.9 million shares. Below is a chart showing DDD's trailing twelve month trading history, with the $35 strike highlighted in orange: For the various different available expirations for AMD options, CCRN options, or DDD options, visit StockOptionsChannel.com. Especially high volume was seen for the $35 strike call option expiring November 05, 2021, with 17,262 contracts trading so far today, representing approximately 1.7 million underlying shares of DDD.
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ce43a5d6-7419-4b02-95e7-cf5e7f11f100
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716556.0
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2021-11-01 00:00:00 UTC
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Why Desktop Metal Stock Exploded 24% Higher Today
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DDD
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https://www.nasdaq.com/articles/why-desktop-metal-stock-exploded-24-higher-today-2021-11-01
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nan
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nan
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What happened
Shares of 3D printing company Desktop Metal (NYSE: DM) soared ahead to close up 23.8% on Monday, creating an updraft that pulled along just about everyone who is anyone in the sector:
Stratasys (NASDAQ: SSYS) -- up 7.8%;
ExOne (NASDAQ: XONE) -- up 11.1%; and
3D Systems (NYSE: DDD) -- up 12.3%!
Image source: Getty Images.
So what
What was it about Desktop Metal today that got everyone so excited about 3D printing stocks again?
In a press release today, Desktop Metal announced the opening of a new facility "to meet demand for the world's fastest metal 3D printing technology." The company says that it will triple the manufacturing capacity of its P-50 printing systems. "We are experiencing growing, pent-up demand for our Production System P-50 solution," explained Desktop Metal CEO Ric Fulop.
Now what
Admittedly, the fact that one 3D printing company is growing rapidly in the face of strong demand does not necessarily mean that all 3D printing companies are enjoying similar growth. In fact, it would be just as reasonable for investors to surmise that rapid growth in demand for Desktop Metal products might be coming at the expense of demand for competing printers from Stratasys, for example -- or from ExOne, or from 3D Systems.
That being said, this doesn't seem to be how investors are reacting to the news. Instead, they appear to be extrapolating from Desktop Metal's announcement that demand for 3D printing services, and for 3D printers, is booming as the economy emerges from the pandemic -- and that this will be good news for all 3D printing stocks.
Are they right? Was today a good day to buy all 3D printing stocks on the back of good news from just one of them? We'll soon find out, because:
ExOne is expected to report earnings on Wednesday. Analysts are forecasting a loss of $0.22 per share.
Next up will be Stratasys reporting on Thursday. Street forecasts see a smaller loss here -- just $0.06 per share.
Then we'll have a small reprieve before 3D Systems reports on Nov. 8. With luck, 3D will break the string of bad news. Analysts think it could earn as much as $0.05 per share.
Finally, Desktop Metal itself will report one week later, on Nov. 15. Analysts are forecasting a $0.09-per-share loss for the company, but as we've already discussed, that doesn't seem to scare shareholders one bit.
10 stocks we like better than Desktop Metal, Inc.
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*Stock Advisor returns as of October 20, 2021
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D printing company Desktop Metal (NYSE: DM) soared ahead to close up 23.8% on Monday, creating an updraft that pulled along just about everyone who is anyone in the sector: Stratasys (NASDAQ: SSYS) -- up 7.8%; ExOne (NASDAQ: XONE) -- up 11.1%; and 3D Systems (NYSE: DDD) -- up 12.3%! "We are experiencing growing, pent-up demand for our Production System P-50 solution," explained Desktop Metal CEO Ric Fulop. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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What happened Shares of 3D printing company Desktop Metal (NYSE: DM) soared ahead to close up 23.8% on Monday, creating an updraft that pulled along just about everyone who is anyone in the sector: Stratasys (NASDAQ: SSYS) -- up 7.8%; ExOne (NASDAQ: XONE) -- up 11.1%; and 3D Systems (NYSE: DDD) -- up 12.3%! In fact, it would be just as reasonable for investors to surmise that rapid growth in demand for Desktop Metal products might be coming at the expense of demand for competing printers from Stratasys, for example -- or from ExOne, or from 3D Systems. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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What happened Shares of 3D printing company Desktop Metal (NYSE: DM) soared ahead to close up 23.8% on Monday, creating an updraft that pulled along just about everyone who is anyone in the sector: Stratasys (NASDAQ: SSYS) -- up 7.8%; ExOne (NASDAQ: XONE) -- up 11.1%; and 3D Systems (NYSE: DDD) -- up 12.3%! In fact, it would be just as reasonable for investors to surmise that rapid growth in demand for Desktop Metal products might be coming at the expense of demand for competing printers from Stratasys, for example -- or from ExOne, or from 3D Systems. Instead, they appear to be extrapolating from Desktop Metal's announcement that demand for 3D printing services, and for 3D printers, is booming as the economy emerges from the pandemic -- and that this will be good news for all 3D printing stocks.
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What happened Shares of 3D printing company Desktop Metal (NYSE: DM) soared ahead to close up 23.8% on Monday, creating an updraft that pulled along just about everyone who is anyone in the sector: Stratasys (NASDAQ: SSYS) -- up 7.8%; ExOne (NASDAQ: XONE) -- up 11.1%; and 3D Systems (NYSE: DDD) -- up 12.3%! So what What was it about Desktop Metal today that got everyone so excited about 3D printing stocks again? In fact, it would be just as reasonable for investors to surmise that rapid growth in demand for Desktop Metal products might be coming at the expense of demand for competing printers from Stratasys, for example -- or from ExOne, or from 3D Systems.
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b6099ee4-46e5-49a0-8ee9-b9f705ada3a9
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716557.0
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2021-11-01 00:00:00 UTC
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DDD Makes Bullish Cross Above Critical Moving Average
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DDD
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https://www.nasdaq.com/articles/ddd-makes-bullish-cross-above-critical-moving-average-2021-11-01
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nan
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nan
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In trading on Monday, shares of 3D Systems Corp. (Symbol: DDD) crossed above their 200 day moving average of $29.80, changing hands as high as $30.58 per share. 3D Systems Corp. shares are currently trading up about 8.1% on the day. The chart below shows the one year performance of DDD shares, versus its 200 day moving average:
Looking at the chart above, DDD's low point in its 52 week range is $5.61 per share, with $56.50 as the 52 week high point — that compares with a last trade of $30.45.
Click here to find out which 9 other stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of 3D Systems Corp. (Symbol: DDD) crossed above their 200 day moving average of $29.80, changing hands as high as $30.58 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $5.61 per share, with $56.50 as the 52 week high point — that compares with a last trade of $30.45. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of 3D Systems Corp. (Symbol: DDD) crossed above their 200 day moving average of $29.80, changing hands as high as $30.58 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $5.61 per share, with $56.50 as the 52 week high point — that compares with a last trade of $30.45. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of 3D Systems Corp. (Symbol: DDD) crossed above their 200 day moving average of $29.80, changing hands as high as $30.58 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $5.61 per share, with $56.50 as the 52 week high point — that compares with a last trade of $30.45. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Monday, shares of 3D Systems Corp. (Symbol: DDD) crossed above their 200 day moving average of $29.80, changing hands as high as $30.58 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $5.61 per share, with $56.50 as the 52 week high point — that compares with a last trade of $30.45. 3D Systems Corp. shares are currently trading up about 8.1% on the day.
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cfc87b77-d24f-44e0-99d9-85de734b9cf8
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716558.0
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2021-10-28 00:00:00 UTC
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Desktop Metal Earnings: What to Watch on Nov. 15
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DDD
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https://www.nasdaq.com/articles/desktop-metal-earnings%3A-what-to-watch-on-nov.-15-2021-10-28
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nan
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nan
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Desktop Metal (NYSE: DM) is slated to report its third-quarter 2021 results after the market close on Monday, Nov. 15. An analyst conference call is scheduled for the same day at 4:30 p.m. EST.
The 3D printing company's report will follow those of two early movers in the industry, 3D Systems and Stratasys. The latter plans to announce its results for the quarter before the market open on Thursday, Nov. 4, as outlined in this earnings preview, and 3D Systems release is on deck for Monday, Nov. 8, as discussed in this earnings preview.
Last quarter, Desktop's top and bottom lines met Wall Street's expectations. Its release of its results, however, was overshadowed by its announcement that it was acquiring The ExOne Company (NASDAQ: XONE), which is focused on metal 3D printing. This topic is discussed below.
Desktop Metal's management has not been providing organic revenue growth, which excludes contributions from acquisitions made within the last year. And the company has been making many acquisitions since going public last December via a special purpose acquisition company. Therefore, investors don't have quantitative data about how the company's internally developed metal 3D printing product portfolio is performing in the market.
In 2021 to date (Oct. 27), Desktop Metal stock is down 59%. The S&P 500 index has returned 22.6%, and 3D Systems and Stratasys stocks are up 158% and 47.1%, respectively, so far this year.
With this background in mind, here's what to watch in Desktop's upcoming report.
Image source: Getty Images.
Key numbers
Following are Wall Street's estimates and the company's results for the prior quarter to use as benchmarks. (This chart would typically provide year-ago results rather than prior-quarter ones, but Desktop Metal wasn't publicly traded at that time.)
METRIC
Q2 2021 RESULT
Q3 2021 WALL STREET CONSENSUS ESTIMATE
PROJECTED SEQUENTIAL CHANGE
Revenue
$19.0 million
$28.6 million
51%
Adjusted earnings per share (EPS)
($0.08) ($0.09) N/A. Adjusted loss per share expected to widen 11%.
Data sources: Desktop Metal and Yahoo! Finance.
For some context, in the second quarter, the company's revenue surged 767% year over year to $19 million. This result (which includes an undisclosed contribution from acquisitions) was in line with Wall Street's expectation of $19.1 million.
Adjusted for one-time items, last quarter's net loss narrowed 5% year over year to $21.4 million. This translated to loss per share narrowing 43% from $0.14 to $0.08, about in line with the loss per share of $0.09 that analysts had anticipated. (The share count increased substantially when the company went public, which explains the percentage change differences between the net loss and the net loss per share.)
P-50 launch status
In last quarter's earnings release, the company said that its "Production System P-50 [is] on track to begin shipments in [the] fourth quarter of 2021." The P-50 is the company's reportedly very speedy flagship metal 3D printing system geared to higher-volume manufacturing applications. It uses the company's proprietary single-pass binder-jetting technology.
Management has been saying since at least early this year that this system would launch in the latter part of 2021. So, it seems probable that investors will punish the stock if the launch is delayed.
The ExOne acquisition
For Desktop shareholders, a key positive of the acquisition of ExOne, which is expected to close in the fourth quarter of this year, is that buying out a competitor eliminates them as a competitor. ExOne is probably Desktop's most direct competitor in metal 3D printing, as the companies both use binder-jetting technology. However, their specific technologies are different, with the CEOs of both companies emphasizing on Desktop's Q2earnings callthat the companies have complementary technologies, materials, and go-to-market strategies.
A drawback for Desktop shareholders is that the acquisition will dilute their ownership percentage because the company plans to finance about two-thirds of the approximately $575 million acquisition price through the issuance of new shares.
Guidance
Any material changes to guidance will probably move the stock.
Last quarter, management again reiterated its revenue outlook issued earlier in the year, which excludes the impact of the ExOne acquisition. For 2021, it still expects revenue of over $100 million and projects that it will exit the year with an annualized revenue run rate of $160 million, again, excluding the contribution from ExOne.
It also guided for 2021 earnings before interest, taxes, depreciation, and amortization in the range of negative $80 million to negative $70 million, excluding the effects of the ExOne acquisition.
10 stocks we like better than Desktop Metal, Inc.
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Desktop Metal, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its release of its results, however, was overshadowed by its announcement that it was acquiring The ExOne Company (NASDAQ: XONE), which is focused on metal 3D printing. Therefore, investors don't have quantitative data about how the company's internally developed metal 3D printing product portfolio is performing in the market. (This chart would typically provide year-ago results rather than prior-quarter ones, but Desktop Metal wasn't publicly traded at that time.)
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Revenue $19.0 million $28.6 million 51% Adjusted earnings per share (EPS) ($0.08) ($0.09) N/A. Adjusted for one-time items, last quarter's net loss narrowed 5% year over year to $21.4 million. The ExOne acquisition For Desktop shareholders, a key positive of the acquisition of ExOne, which is expected to close in the fourth quarter of this year, is that buying out a competitor eliminates them as a competitor.
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The ExOne acquisition For Desktop shareholders, a key positive of the acquisition of ExOne, which is expected to close in the fourth quarter of this year, is that buying out a competitor eliminates them as a competitor. ExOne is probably Desktop's most direct competitor in metal 3D printing, as the companies both use binder-jetting technology. A drawback for Desktop shareholders is that the acquisition will dilute their ownership percentage because the company plans to finance about two-thirds of the approximately $575 million acquisition price through the issuance of new shares.
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The ExOne acquisition For Desktop shareholders, a key positive of the acquisition of ExOne, which is expected to close in the fourth quarter of this year, is that buying out a competitor eliminates them as a competitor. ExOne is probably Desktop's most direct competitor in metal 3D printing, as the companies both use binder-jetting technology. 10 stocks we like better than Desktop Metal, Inc.
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78590aa7-00c5-4415-ba9d-06d2d7ecdfee
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716559.0
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2021-10-26 00:00:00 UTC
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Stratasys Earnings: What to Watch on Nov. 4
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DDD
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https://www.nasdaq.com/articles/stratasys-earnings%3A-what-to-watch-on-nov.-4-2021-10-26
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nan
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nan
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Stratasys (NASDAQ: SSYS) is slated to report its third-quarter 2021 results before the market open on Thursday, Nov. 4. Its conference call with analysts is scheduled for that day at 8:30 a.m. EDT.
The 3D printing company's report will come ahead of that of its archrival, 3D Systems (NYSE: DDD), which plans to announce its quarterly results after the market close on Monday, Nov. 8, as outlined in this 3D Systems earnings preview.
In 2021, Stratasys stock is up 64.1% through Oct. 25, thanks largely to Monday's 21.4% jump following investment bank Craig-Hallum upgrading the stock's rating to buy from hold, and setting a price target of $42. (Shares closed at $34 on Monday.) For context, 3D Systems stock has gained 174% and the S&P 500 index has returned 23% so far this year.
Here's what to watch in Stratasys' upcoming third-quarter report.
An industrial 3D printer. Image source: Getty Images.
Key numbers
Following are the company's results from the year-ago period, its guidance, and Wall Street's consensus estimates to use as benchmarks.
METRIC
Q3 2020 RESULT
STRATASYS' Q3 2021 GUIDANCE WALL STREET'S Q3 2021 CONSENSUS ESTIMATE WALL STREET'S PROJECTED CHANGE
Revenue
$127.9 million
About 17% to 18% growth
$150.1 million
17%
Adjusted earnings per share (loss)
($0.05)
N/A
($0.06)
N/A. Loss expected to widen by 20%
Data sources: Stratasys and Yahoo! Finance. Note: Stratasys did not provide guidance for earnings.
Stratasys has relatively modest year-over-year comparables stemming from last year's revenue being hurt considerably by the pandemic, which caused many industrial customers to pause their ordering. In the third quarter of 2020, its sales fell 19% year over year.
For context, in the second quarter of 2021, Stratasys' revenue jumped 25% year over year to $147 million, driven by a 36% surge in product sales and a 7% rise in service revenue. That result topped the $136 million consensus estimate and was 9.5% higher than in the first quarter. Net loss according to generally accepted accounting principles (GAAP) was $0.31 per share, compared to a net loss of $0.51 per share in the year-ago period. Adjusted for one-time items, net loss narrowed 85% to $0.02. That result beat the net loss of $0.07 per share analysts had been projecting.
3D Systems has recently been performing better than Stratasys. In the second quarter, its sales soared 44% year over year (and 59% excluding the impact of divestitures). Like Stratasys, it posted a GAAP loss, but it had a profit on an adjusted basis. Moreover, it generated more cash from operations than Stratasys on both an absolute and relative (to revenue) basis.
Operating cash flow
Investors should keep an eye on operating cash flow. It's certainly not a good thing that Stratasys' bottom line in the first and second quarters was awash in red ink on both a GAAP and an adjusted basis. That said, from a cash standpoint, the company is making money running its operations. That is, it had positive operating cash flow in both the first and second quarters. In those two quarters, cash generated from operations was $22.8 million and $5.6 million, respectively.
Fourth-quarter guidance
Management's outlook will probably be the biggest factor driving the stock following the release of the third-quarter report.
For the fourth quarter, Wall Street analysts are modeling for revenue to grow 11% year over year to $157.7 million. They also expect an adjusted net loss of $0.03, down from earnings per share of $0.13 in the year-ago period.
10 stocks we like better than Stratasys
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They just revealed what they believe are the ten best stocks for investors to buy right now... and Stratasys wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of October 20, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The 3D printing company's report will come ahead of that of its archrival, 3D Systems (NYSE: DDD), which plans to announce its quarterly results after the market close on Monday, Nov. 8, as outlined in this 3D Systems earnings preview. Key numbers Following are the company's results from the year-ago period, its guidance, and Wall Street's consensus estimates to use as benchmarks. Stratasys has relatively modest year-over-year comparables stemming from last year's revenue being hurt considerably by the pandemic, which caused many industrial customers to pause their ordering.
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The 3D printing company's report will come ahead of that of its archrival, 3D Systems (NYSE: DDD), which plans to announce its quarterly results after the market close on Monday, Nov. 8, as outlined in this 3D Systems earnings preview. Key numbers Following are the company's results from the year-ago period, its guidance, and Wall Street's consensus estimates to use as benchmarks. Revenue $127.9 million About 17% to 18% growth $150.1 million 17% Adjusted earnings per share (loss) ($0.05)
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The 3D printing company's report will come ahead of that of its archrival, 3D Systems (NYSE: DDD), which plans to announce its quarterly results after the market close on Monday, Nov. 8, as outlined in this 3D Systems earnings preview. For context, in the second quarter of 2021, Stratasys' revenue jumped 25% year over year to $147 million, driven by a 36% surge in product sales and a 7% rise in service revenue. Net loss according to generally accepted accounting principles (GAAP) was $0.31 per share, compared to a net loss of $0.51 per share in the year-ago period.
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The 3D printing company's report will come ahead of that of its archrival, 3D Systems (NYSE: DDD), which plans to announce its quarterly results after the market close on Monday, Nov. 8, as outlined in this 3D Systems earnings preview. For context, 3D Systems stock has gained 174% and the S&P 500 index has returned 23% so far this year. Revenue $127.9 million About 17% to 18% growth $150.1 million 17% Adjusted earnings per share (loss) ($0.05)
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a0c8d7f3-bd67-406b-a583-ca914e8a6d64
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716560.0
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2021-10-21 00:00:00 UTC
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The ProShares S&P Kensho Smart Factories ETF Invests In The Future of Manufacturing
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DDD
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https://www.nasdaq.com/articles/the-proshares-sp-kensho-smart-factories-etf-invests-in-the-future-of-manufacturing-2021-10
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The economy has come roaring back following the Covid-19 pandemic, with consumers rushing to buy cars, appliances, home goods and so on. Overall, U.S. retail sales are up double digits compared to 2019 levels. This has led to shortages, particularly as the pandemic caused bottlenecks in global supply chains. And as if that double-whammy wasn’t enough, labor shortages have strained multiple sectors.
Source: Gorodenkoff via Shutterstock
Put another way, it’s been a transformative year for the manufacturing industry. Factory managers have to get more output from fewer resources. This makes it imperative that industrial firms improve their efficiency. When its hard to keep supply chains full and skilled workers are in scarce supply, companies have to consider reinventing their approach.
One of the most compelling approaches would utilize robotics, automation and other labor-saving devices. It’s impossible to take labor for granted anymore. The pandemic and ensuring economic shock should serve as a wake-up call on that front. Companies need to prioritize streamline manufacturing processes with digital solutions.
Thus, we have the ProShares S&P Kensho Smart Factories ETF (NYSEARCA:MAKX). It seeks to help investors profit from the accelerating trend toward robotics and automation in the industrial sector.
What Is The Kensho Smart Factories ETF?
Kensho is a word from the Japanese Zen tradition that refers to insight or awakening of conscience. Specifically, the S&P bought a technology firm named Kensho that focuses on using artificial intelligence (AI) and big data to modernize the financial services industry. The S&P has used the Kensho platform to launch a series of indices including the S&P Kensho Smart Factories Index, which tracks the performance of companies involved in helping to digitalize the manufacturing process.
7 Stocks to Buy on Any Stock Market Dips
Now interested investors can invest in MAKX, which seeks to mirror the performance of that Kensho index. The Smart Factories ETF holds about two dozen firms spanning a range of approaches to automation. The ETF’s top holding is 3D Systems (NYSE:DDD), an industry leader in 3D-printing. 3D-printing could be a major tool in helping alleviate supply chain problems: being able to manufacture key parts on-site would have resolved a number of 2021’s biggest logistical roadblocks.
The ETF has large positions in companies directly focused on systems and tools for automation, such as Rockwell Automation (NYSE:ROK). These systems help improve efficiency in key industries such as food/beverage, life sciences, and e-commerce.
MAKX also holds companies that produce software for manufacturing or industrial design. For example, it has shares in AutoDesk (NASDAQ:ADSK) which makes software for construction, engineering, and 3D design. This is a vital tool for building all sorts of intelligent industrial solutions. In particular, Autodesk has software to help manage 3D printers, making it a supplier to other players within this industry.
As you can see, the Smart Factories ETF gives its shareholders a broad range of exposure to the automation and robotics movement.
A Bright Decade Ahead For Smart Factories
The Kensho Smart Factories ETF is perfectly situated to benefit from several key megatrends that should last throughout the 2020s. The first of these is environmental, social and governance (ESG) investing. Increasingly, investors want to make a positive impact in the world while also making money.
Smart factories are a great way to ride that trend. Improving efficiency on the shop floor is good for the environment. More and more companies are focusing on waste reduction to improve their ESG scores, and robotics and efficiency software are a great tool toward that end.
For another, the pandemic showcased some vital concerns with the global supply chain. It no longer seems sound to rely on globe-spanning logistics for the manufacture of many vital goods. There have also been serious human rights concerns about child labor and other unsettling practices in some countries. Smart factories should allow industrial firms to produce goods at affordable prices in a more reliable and human rights-affirming way.
MAKX Fund Details
MAKX currently charges 0.58% in annual operating expenses, which seems fair for exposure to such a specialized set of industrial and technology companies.
The ETF debuted at the end of September, and thus doesn’t have a long performance track record. However, it is off to a strong start; shares are up 4% so far in October.
As far as fund make-up goes, the average market capitalization of holdings is around $25 billion each. This means that this ETF owns a lot of mid-sized companies which still have plenty of room to grow. That should give it a leg-up versus other tech funds which tend to be more concentrated in large slower-moving firms. The fund has 83% of its capital in American holdings, however it also offers some exposure to foreign countries such as Switzerland and Israel.
Finally, it’s worth considering that the fund’s P/E ratio is 29. At first glance, that might not seem especially cheap. However, given the far above-average growth prospects for the industry, that could be a good entry point. Particularly given the valuation multiples for software companies right now, 29x earnings for an ETF with a big chunk of automation software holdings is quite reasonable.
On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.
The post The ProShares S&P Kensho Smart Factories ETF Invests In The Future of Manufacturing appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The ETF’s top holding is 3D Systems (NYSE:DDD), an industry leader in 3D-printing. Specifically, the S&P bought a technology firm named Kensho that focuses on using artificial intelligence (AI) and big data to modernize the financial services industry. 3D-printing could be a major tool in helping alleviate supply chain problems: being able to manufacture key parts on-site would have resolved a number of 2021’s biggest logistical roadblocks.
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The ETF’s top holding is 3D Systems (NYSE:DDD), an industry leader in 3D-printing. The S&P has used the Kensho platform to launch a series of indices including the S&P Kensho Smart Factories Index, which tracks the performance of companies involved in helping to digitalize the manufacturing process. The ETF has large positions in companies directly focused on systems and tools for automation, such as Rockwell Automation (NYSE:ROK).
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The ETF’s top holding is 3D Systems (NYSE:DDD), an industry leader in 3D-printing. The S&P has used the Kensho platform to launch a series of indices including the S&P Kensho Smart Factories Index, which tracks the performance of companies involved in helping to digitalize the manufacturing process. The Smart Factories ETF holds about two dozen firms spanning a range of approaches to automation.
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The ETF’s top holding is 3D Systems (NYSE:DDD), an industry leader in 3D-printing. This makes it imperative that industrial firms improve their efficiency. What Is The Kensho Smart Factories ETF?
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d99835e6-304b-4a07-8dad-9a7857e36a81
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716561.0
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2021-10-19 00:00:00 UTC
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3D Systems Earnings: What to Watch
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DDD
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https://www.nasdaq.com/articles/3d-systems-earnings%3A-what-to-watch-2021-10-19
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nan
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3D Systems (NYSE: DDD) is slated to report its third-quarter 2021 results after the market close on Monday, Nov. 8. An analyst conference call is scheduled for 8:30 a.m. EST the following day.
Investors in the 3D printing company will probably be approaching the report with optimism. Last quarter, the company crushed Wall Street's consensus estimates for both revenue and earnings.
Investors should be prepared for volatility. 3D Systems stock often makes big moves up or down following the company's release of quarterly results. The volatility is partly due to the stock having a relatively substantial short interest. (Short-sellers are those who bet that a stock will decline, and when good news comes out, they're under pressure to buy the stock to cover their short bets.)
In 2021, shares are up a whopping 156% through Oct. 18. That makes the stock the best performer among the diversified 3D printing companies that have traded for this period. Stratasys stock is up 32%, and is also beating the S&P 500 index, which has returned 21% so far this year. On the other hand, shares of Materialise and Desktop Metal are struggling, as they're down 62% and 60%, respectively.
Here's what to watch in 3D Systems' Q3 report.
Image source: Getty Images.
3D Systems' key numbers
Below are the company's results from the year-ago quarter and Wall Street's consensus estimates to use as benchmarks.
METRIC
Q3 2020 RESULT
WALL STREET'S Q3 2021 CONSENSUS ESTIMATE WALL STREET'S PROJECTED CHANGE
Revenue
$135.1 million
$144.5 million
7%
Adjusted EPS
($0.03)
$0.05
N/A. Result expected to flip to positive from negative.
Data sources: 3D Systems and Yahoo! Finance. EPS =earnings per share.
Wall Street has modest expectations for revenue growth. Given 3D Systems stock's strong run-up this year, the company probably needs to exceed the consensus estimate by a comfortable margin to satisfy investors.
For context, in the second quarter, 3D Systems' revenue soared 44% year over year (and 59% excluding the impact of divestitures) to $162.6 million. This result flew by the 27% growth Wall Street had been expecting. Growth was driven by the healthcare segment, whose revenue rocketed 69% year over year. The industrial segment, which was hit hard by the pandemic, rebounded solidly with sales rising 25% (and 50% excluding divestitures).
The company had easy year-over-year comparables due to the pandemic. So, investors should know that last quarter's revenue was higher than in the same quarter two years ago, or pre-pandemic. Adjusted for divestitures, last quarter's revenue was 11% higher than in the second quarter of 2019.
In Q2, loss per share according to generally accepted accounting principles (GAAP) narrowed 76% to $0.08. Adjusted for one-time items, the company posted a profit of $0.12 per share, compared to a loss of $0.13 per share in the year-ago period. That result was more than double the $0.05 per share analyst consensus estimate.
Pending Oqton acquisition
On theearnings call investors can expect management to comment on the pending acquisition of Oqton. The Belgium-based software company is a "the leader in the creation of a new breed of intelligent, cloud-based Manufacturing Operating System (MOS) platform," according to the press release. 3D Systems believes Oqton will help it drive adoption of 3D printing for manufacturing applications.
3D Systems announced this $180 million deal, comprising cash and stock, in early September, and expects it to close in the fourth quarter of this year.
Fourth-quarter guidance
The stock's reaction to the upcoming release will probably hinge more on management's outlook than on third-quarter results. Though it remains to be seen whether management will issue specific or broad guidance.
For Q4, analysts are currently modeling for revenue to decline 18% year over year to $142.3 million. They also expect adjusted EPS of $0.07, down from $0.09 per share in the year-ago period.
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) is slated to report its third-quarter 2021 results after the market close on Monday, Nov. 8. Given 3D Systems stock's strong run-up this year, the company probably needs to exceed the consensus estimate by a comfortable margin to satisfy investors. The Belgium-based software company is a "the leader in the creation of a new breed of intelligent, cloud-based Manufacturing Operating System (MOS) platform," according to the press release.
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3D Systems (NYSE: DDD) is slated to report its third-quarter 2021 results after the market close on Monday, Nov. 8. 3D Systems' key numbers Below are the company's results from the year-ago quarter and Wall Street's consensus estimates to use as benchmarks. Revenue $135.1 million $144.5 million 7% Adjusted EPS ($0.03) $0.05 N/A.
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3D Systems (NYSE: DDD) is slated to report its third-quarter 2021 results after the market close on Monday, Nov. 8. 3D Systems stock often makes big moves up or down following the company's release of quarterly results. Given 3D Systems stock's strong run-up this year, the company probably needs to exceed the consensus estimate by a comfortable margin to satisfy investors.
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3D Systems (NYSE: DDD) is slated to report its third-quarter 2021 results after the market close on Monday, Nov. 8. That result was more than double the $0.05 per share analyst consensus estimate. For Q4, analysts are currently modeling for revenue to decline 18% year over year to $142.3 million.
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cf1dd38f-5439-4a0f-b640-1120bafe6f5d
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716562.0
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2021-10-18 00:00:00 UTC
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Notable Monday Option Activity: ALNY, NBIX, DDD
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DDD
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-alny-nbix-ddd-2021-10-18
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alnylam Pharmaceuticals Inc (Symbol: ALNY), where a total of 2,632 contracts have traded so far, representing approximately 263,200 underlying shares. That amounts to about 50.2% of ALNY's average daily trading volume over the past month of 524,430 shares. Especially high volume was seen for the $240 strike call option expiring November 19, 2021, with 834 contracts trading so far today, representing approximately 83,400 underlying shares of ALNY. Below is a chart showing ALNY's trailing twelve month trading history, with the $240 strike highlighted in orange:
Neurocrine Biosciences, Inc. (Symbol: NBIX) options are showing a volume of 2,607 contracts thus far today. That number of contracts represents approximately 260,700 underlying shares, working out to a sizeable 49.6% of NBIX's average daily trading volume over the past month, of 525,170 shares. Particularly high volume was seen for the $130 strike call option expiring November 19, 2021, with 1,675 contracts trading so far today, representing approximately 167,500 underlying shares of NBIX. Below is a chart showing NBIX's trailing twelve month trading history, with the $130 strike highlighted in orange:
And 3D Systems Corp. (Symbol: DDD) saw options trading volume of 7,737 contracts, representing approximately 773,700 underlying shares or approximately 49.4% of DDD's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $27 strike call option expiring November 19, 2021, with 802 contracts trading so far today, representing approximately 80,200 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $27 strike highlighted in orange:
For the various different available expirations for ALNY options, NBIX options, or DDD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $27 strike call option expiring November 19, 2021, with 802 contracts trading so far today, representing approximately 80,200 underlying shares of DDD. Below is a chart showing NBIX's trailing twelve month trading history, with the $130 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) saw options trading volume of 7,737 contracts, representing approximately 773,700 underlying shares or approximately 49.4% of DDD's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing DDD's trailing twelve month trading history, with the $27 strike highlighted in orange: For the various different available expirations for ALNY options, NBIX options, or DDD options, visit StockOptionsChannel.com.
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Below is a chart showing NBIX's trailing twelve month trading history, with the $130 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) saw options trading volume of 7,737 contracts, representing approximately 773,700 underlying shares or approximately 49.4% of DDD's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $27 strike call option expiring November 19, 2021, with 802 contracts trading so far today, representing approximately 80,200 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $27 strike highlighted in orange: For the various different available expirations for ALNY options, NBIX options, or DDD options, visit StockOptionsChannel.com.
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Below is a chart showing NBIX's trailing twelve month trading history, with the $130 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) saw options trading volume of 7,737 contracts, representing approximately 773,700 underlying shares or approximately 49.4% of DDD's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $27 strike call option expiring November 19, 2021, with 802 contracts trading so far today, representing approximately 80,200 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $27 strike highlighted in orange: For the various different available expirations for ALNY options, NBIX options, or DDD options, visit StockOptionsChannel.com.
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Below is a chart showing NBIX's trailing twelve month trading history, with the $130 strike highlighted in orange: And 3D Systems Corp. (Symbol: DDD) saw options trading volume of 7,737 contracts, representing approximately 773,700 underlying shares or approximately 49.4% of DDD's average daily trading volume over the past month, of 1.6 million shares. Below is a chart showing DDD's trailing twelve month trading history, with the $27 strike highlighted in orange: For the various different available expirations for ALNY options, NBIX options, or DDD options, visit StockOptionsChannel.com. Particularly high volume was seen for the $27 strike call option expiring November 19, 2021, with 802 contracts trading so far today, representing approximately 80,200 underlying shares of DDD.
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b0f538c3-efba-40b2-87ce-dfba8ffa733c
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716563.0
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2021-10-17 00:00:00 UTC
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What Type Of Shareholders Make Up 3D Systems Corporation's (NYSE:DDD) Share Registry?
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DDD
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https://www.nasdaq.com/articles/what-type-of-shareholders-make-up-3d-systems-corporations-nyse%3Addd-share-registry-2021-10
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nan
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A look at the shareholders of 3D Systems Corporation (NYSE:DDD) can tell us which group is most powerful. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. Companies that used to be publicly owned tend to have lower insider ownership.
3D Systems has a market capitalization of US$3.3b, so it's too big to fly under the radar. We'd expect to see both institutions and retail investors owning a portion of the company. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Let's delve deeper into each type of owner, to discover more about 3D Systems.
NYSE:DDD Ownership Breakdown October 17th 2021
What Does The Institutional Ownership Tell Us About 3D Systems?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
3D Systems already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see 3D Systems' historic earnings and revenue below, but keep in mind there's always more to the story.
NYSE:DDD Earnings and Revenue Growth October 17th 2021
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in 3D Systems. Looking at our data, we can see that the largest shareholder is BlackRock, Inc. with 16% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 11% of common stock, and Invesco Ltd. holds about 4.1% of the company stock.
A closer look at our ownership figures suggests that the top 14 shareholders have a combined ownership of 50% implying that no single shareholder has a majority.
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Insider Ownership Of 3D Systems
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our most recent data indicates that insiders own some shares in 3D Systems Corporation. This is a big company, so it is good to see this level of alignment. Insiders own US$88m worth of shares (at current prices). If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling.
General Public Ownership
With a 29% ownership, the general public have some degree of sway over 3D Systems. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Like risks, for instance. Every company has them, and we've spotted 4 warning signs for 3D Systems (of which 1 can't be ignored!) you should know about.
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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NYSE:DDD Earnings and Revenue Growth October 17th 2021 Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. A look at the shareholders of 3D Systems Corporation (NYSE:DDD) can tell us which group is most powerful. NYSE:DDD Ownership Breakdown October 17th 2021 What Does The Institutional Ownership Tell Us About 3D Systems?
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A look at the shareholders of 3D Systems Corporation (NYSE:DDD) can tell us which group is most powerful. NYSE:DDD Earnings and Revenue Growth October 17th 2021 Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. NYSE:DDD Ownership Breakdown October 17th 2021 What Does The Institutional Ownership Tell Us About 3D Systems?
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A look at the shareholders of 3D Systems Corporation (NYSE:DDD) can tell us which group is most powerful. NYSE:DDD Ownership Breakdown October 17th 2021 What Does The Institutional Ownership Tell Us About 3D Systems? NYSE:DDD Earnings and Revenue Growth October 17th 2021 Investors should note that institutions actually own more than half the company, so they can collectively wield significant power.
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A look at the shareholders of 3D Systems Corporation (NYSE:DDD) can tell us which group is most powerful. NYSE:DDD Ownership Breakdown October 17th 2021 What Does The Institutional Ownership Tell Us About 3D Systems? NYSE:DDD Earnings and Revenue Growth October 17th 2021 Investors should note that institutions actually own more than half the company, so they can collectively wield significant power.
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57e2b045-3495-4b14-8468-1ed33642ad8b
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716564.0
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2021-10-14 00:00:00 UTC
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December 17th Options Now Available For 3D Systems (DDD)
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DDD
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https://www.nasdaq.com/articles/december-17th-options-now-available-for-3d-systems-ddd-2021-10-14
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nan
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the December 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new December 17th contracts and identified one put and one call contract of particular interest.
The put contract at the $24.00 strike price has a current bid of $1.55. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $24.00, but will also collect the premium, putting the cost basis of the shares at $22.45 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $27.38/share today.
Because the $24.00 strike represents an approximate 12% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 6.46% return on the cash commitment, or 36.81% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp., and highlighting in green where the $24.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $28.00 strike price has a current bid of $2.80. If an investor was to purchase shares of DDD stock at the current price level of $27.38/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $28.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 12.49% if the stock gets called away at the December 17th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $28.00 strike highlighted in red:
Considering the fact that the $28.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 10.23% boost of extra return to the investor, or 58.28% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $27.38) to be 126%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp., as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $28.00 strike highlighted in red: Considering the fact that the $28.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the December 17th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $28.00 strike highlighted in red: Considering the fact that the $28.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the December 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new December 17th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $28.00 strike highlighted in red: Considering the fact that the $28.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the December 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new December 17th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $28.00 strike highlighted in red: Considering the fact that the $28.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options begin trading today, for the December 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new December 17th contracts and identified one put and one call contract of particular interest.
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716565.0
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2021-10-06 00:00:00 UTC
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Acquisition Spree Can't Mask Desktop Metal's Fiscal Challenges
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https://www.nasdaq.com/articles/acquisition-spree-cant-mask-desktop-metals-fiscal-challenges-2021-10-06
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Desktop Metal (NYSE: DM) is one of the few companies solely focused on 3D printing with a wide array of different substances, giving investors exclusive exposure to a high-growth niche market. Indeed, the company expects the additive manufacturing market to increase more than 11 times over, from $12 billion to $146 billion, by 2030. However, the company can't expect to survive and thrive long-term with this emerging industry if it's continually operating at a loss. Prospective investors can't ignore the fact that Desktop Metal has gone on a major buying spree, boosting its sales -- at the apparent expense of its profitability.
Image source: Getty Images.
Urge to splurge
Desktop Metal's recent revenue growth is undeniable: Q2 2021 revenue totaled $19 million, up 68% from the first quarter of 2021, and an increase of 767% over the second quarter of 2020.
Desktop Metal doesn't specify how much of its Q2 revenue was driven by its recent acquisitions. That may skew the top-line results in the company's favor, making it look like Desktop Metal's core business is stronger than it actually is.
Besides, Desktop Metal's recent series of buyouts could prove to be too much, too fast. The company has either purchased, or is in the process of purchasing, four businesses:
Aidro, which has 40 years of experience designing and producing of valves, manifolds, and various hydraulic components and fluid power systems.
Aerosint, whose powder deposition system supports the high-speed printing of a broad range of polymers, metals, and ceramics
Beacon Bio, which develops 3D printing and biofabrication solutions for personalized medicine, including a promising pathway for soft-tissue regeneration
Adaptive3D, whose printable materials are optimized for the manufacture of 3D plastic and rubber parts for a broad range of markets .
It's too soon to determine whether Desktop Metal's acquisition spree will lead to organic growth. However, the company practically admits that its buying binge is weighing on its bottom line: The Q2 net loss of $43.2 million includes $10.4 million in in-process research and development assets acquired through Beacon Bio.
The company's quarterly adjusted EBITDA of -$24.5 million further suggests that Desktop Metal's bottom line isn't ideal. Moreover, Desktop Metal seems to acknowledge that it will likely dig deeper into that hole: The company's full-year 2021 outlook calls for adjusted EBITDA in the range of -$70 million to -$80 million, and that's excluding the effects of acquiring ExOne.
All that said, Desktop Metal's gross margin, while still negative, has improved significantly over the last year, even as the company's workforce has grown, suggesting that the new acquisitions aren't bogging down the company with too many ongoing expenses.
Building the library -- and the moat
Even as it buys up intriguing businesses, Desktop Metal needs to have something to keep its competitors from swooping in and eating its lunch.
Desktop Metal's moat is threefold. First, the company already has an extensive distribution network, with over 200 partners in place in 65 countries across all inhabited contents, augmenting its product adoption, reach, and name recognition. The company had doubled its distribution network in February with Desktop Metal's acquisition of photopolymer AM company EnvisionTEC -- at least one measurable benefit of its recent acquisition spree.
On the other hand, Desktop Metal isn't unique in having a far-reaching network. The company's rival, 3D Systems (NYSE: DDD), boasts a partner network and sales specialists in over 68 countries.
Next, Desktop Metal doesn't exactly have household brand-name recognition, but it does have adoption from big-name customers like Raytheon, Lockheed Martin, General Electric, Ford, Amazon, Dow, and Adidas.
Big-name customers translate to big-time adoption. When Ford sought out cutting-edge 3D printer tech, it turned to Desktop Metal and ordered the company's latest model, the P-1. Sure, Ford could have gone with a cheaper rival, but the P-1 prints with a resolution of 1200 dpi, and prints each layer in less than three seconds -- advantages that rivals can't currently match. And if Ford likes the P-1, the company might order a bunch of Desktop Metal's forthcoming P-50 printers to mass-produce parts, instead of just testing the waters with prototypes.
In addition, the company has 300-plus issued/pending patents, and a materials library comprising more than 225 qualified materials ranging from metals to composites, polymers, ceramics, biocompatible materials, and more. In other words, competitive upstarts can't legally replicate some of Desktop Metal's innovations, and won't likely be able to match the breadth of the company's inventions.
Slow and steady wins the race
Clearly, Desktop Metal is an ambitious business in a growing niche market, with some famous customers under its belt. Yet the company needs to slow down and let its business breathe. Having robust growth plans -- and being the only tradable asset in its niche -- doesn't negate Desktop Metal's need to exercise some fiscal discipline. The company's next quarterly report should contain plenty of evidence of acquisition-driven growth -- and hopefully, no new acquisitions.
Going forward, prospective investors should watch for specifics on when Desktop Metal' acquisitions could help the company swing from a net loss to profitability. A path-to-profits timeline would be awfully nice. At this point, a teaser from the CEO would be welcome. Either way, confidence in DM stock hinges on the company's continued commitment to growth -- but not at any cost.
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Fool contributor David Moadel holds no financial position in any companies mentioned. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. The Motley Fool owns shares of and recommends Amazon. The Motley Fool recommends Lockheed Martin and recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company's rival, 3D Systems (NYSE: DDD), boasts a partner network and sales specialists in over 68 countries. Desktop Metal (NYSE: DM) is one of the few companies solely focused on 3D printing with a wide array of different substances, giving investors exclusive exposure to a high-growth niche market. Prospective investors can't ignore the fact that Desktop Metal has gone on a major buying spree, boosting its sales -- at the apparent expense of its profitability.
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The company's rival, 3D Systems (NYSE: DDD), boasts a partner network and sales specialists in over 68 countries. Aerosint, whose powder deposition system supports the high-speed printing of a broad range of polymers, metals, and ceramics Beacon Bio, which develops 3D printing and biofabrication solutions for personalized medicine, including a promising pathway for soft-tissue regeneration Adaptive3D, whose printable materials are optimized for the manufacture of 3D plastic and rubber parts for a broad range of markets . However, the company practically admits that its buying binge is weighing on its bottom line: The Q2 net loss of $43.2 million includes $10.4 million in in-process research and development assets acquired through Beacon Bio.
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The company's rival, 3D Systems (NYSE: DDD), boasts a partner network and sales specialists in over 68 countries. All that said, Desktop Metal's gross margin, while still negative, has improved significantly over the last year, even as the company's workforce has grown, suggesting that the new acquisitions aren't bogging down the company with too many ongoing expenses. The company had doubled its distribution network in February with Desktop Metal's acquisition of photopolymer AM company EnvisionTEC -- at least one measurable benefit of its recent acquisition spree.
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The company's rival, 3D Systems (NYSE: DDD), boasts a partner network and sales specialists in over 68 countries. Desktop Metal doesn't specify how much of its Q2 revenue was driven by its recent acquisitions. 10 stocks we like better than Desktop Metal, Inc.
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2021-09-17 00:00:00 UTC
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4 Dental Stocks to Buy for a Teeth-Straightening Boom
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https://www.nasdaq.com/articles/4-dental-stocks-to-buy-for-a-teeth-straightening-boom-2021-09-17
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With so many people starting to work from home in March 2020 due to the novel coronavirus pandemic, there has been a major turn to remote work. Normal office conversation is now taking place via outlets like Slack. Work meetings held through the Zoom Video Communications (NASDAQ:ZM) platform. And while it may not come to mind at first, one specific trend is on the mind of many people in this situation: dental health. In turn, there are plenty of juicy dental stocks out there to take a look at.
Overall, the World Health Organization (WHO) estimates that oral disease affects nearly 3.5 billion people globally. The dental industry has therefore been growing at a steady pace and is expected to be worth $42.2 billion by 2027. Thus, dental stocks can be an interesting investment theme.
Within the dental industry, the global orthodontics market presents an attractive investment opportunity. Orthodontics refers to the segment that’s involved in the correction of dental irregularities.
That said, the global orthodontics market is likely to be worth $10.6 billion by 2027. In the United States, the market is even more attractive. It’s expected to grow at a CAGR of 13.1% through 2027.
It’s also worth noting that with a global vaccination drive, the dental industry is gradually overcoming the pandemic headwind. However, the pandemic has actually been a catalyst for a teeth-straightening boom.
According to cosmetic dentist Brian Kantor —
“We have seen a boom in all cosmetic dentistry, especially teeth straightening. This is for a few reasons; everyone is on Zoom looking at their teeth and people are upset that they have crooked or dark teeth.”
The British Orthodontic Society also confirms a surge in adults seeking orthodontic treatment since the start of the pandemic.
7 Cheap Stocks to Buy If You Have $250 to Spend
Therefore, let’s focus on four dental stocks that have presence in the orthodontics market. These stocks are worth considering for the next few years as growth gains traction.
Align Technology (NASDAQ:ALGN)
DENTSPLY SIRONA (NASDAQ:XRAY)
Henry Schein (NASDAQ:HSIC)
3D Systems (NYSE:DDD)
Now, let’s dive in and take a closer look at each one.
Dental Stocks to Buy: Align Technology (ALGN)
ALGN) logo" width="300" height="169">
Source: rafapress / Shutterstock.com
ALGN stock has been in an uptrend with returns of 33% in the last six months. With the company delivering strong performance on the revenue front, it seems like that upside will sustain.
Align Technology is a global medical device company with equipment sales that support restorative and aesthetic dentistry. The company’s Invisalign system is also claimed to be the most advanced clear aligner system in the world.
For the second quarter of 2021, the company reported revenue of $1 billion. On a year-over-year (YOY) basis, revenue was higher by 186.9%. The company’s clear aligner has been the revenue driver with revenue contribution of $841 million. Considering the company’s growth trajectory, it’s not surprising that the stock has remained in an uptrend.
It’s also worth noting that the company has been building on the teen market for clear aligners. This is likely to boost the total addressable market globally.
From a financial perspective, the company reported cash and equivalents of $1.1 billion for Q2 2021. Additionally, the company reported free cash flow (FCF) of $183 million for the quarter. Thus, with an annualized FCF visibility of $800 million, the company seems well positioned to create shareholder value.
Overall, ALGN stock might look expensive at a forward price-earnings ratio (P/E) of 55.6. However, the stock uptrend can sustain if top-line and cash flow growth remain robust. That seems very likely with Invisalign clear aligner likely to be the growth driver.
DENTSPLY SIRONA (XRAY)
Source: Cineberg / Shutterstock.com
XRAY stock seems like another interesting play among dental stocks. In particular, with the company having strong focus in the orthodontics segment.
The company has been in a high-growth trajectory with Q2 2021 sales accelerating by 117.3% YOY. Furthermore, the company reported operating cash flow of $214 million for the quarter.
DENTSPLY is also well diversified globally with 34% revenue from the United States, 41% from Europe and 25% from other geographies.
Collectively, though, there are two important factors to like XRAY stock.
First and foremost, the company is on track for research and development spending that’s 4% of total revenue. Focus on innovation driven growth is likely to deliver results.
Additionally, the company reported $332 million in cash and equivalents as of Q2 2021. With strong cash flows, DENTSPLY is positioned for acquisition driven growth. In June 2021, the company announced the acquisition of Propel Orthodontics for a consideration of $131 million. The latter is a manufacturer of orthodontic devices withglobal marketpresence.
The 7 Best Nasdaq 100 Stocks to Buy Now
Moreover, XRAY is also among the dental stocks that pays dividends. Currently, the stock offers an annualized dividend of 44 cents. That said, with healthy free cash flows and considering the company’s growth trajectory, dividend growth is likely in the coming years.
Dental Stocks to Buy: Henry Schein (HSIC)
Source: Leonard Zhukovsky / Shutterstock.com
HSIC stock, which has been in a slow uptrend, is my top picks from among dental stocks. The stock looks attractive at a forward P/E ratio of 17.8.
As an overview, Henry Schein is a dental distributor and solutions company for general practitioners, specialists, and laboratories. In the dental segment, the company is well diversified globally with 59% revenue from North America and 29% from Europe.
A key point to note is that the company has a strong balance sheet with a low debt-to-capital-ratio. The company has therefore been active on the acquisition driven growth front. In June 2021, the company acquired 70% stake in eAssist Dental Solutions. The latter provides outsourced virtual dental billing services.
From a margin perspective, the company’s focus on dental specialty market can yield results. As an example, Henry Schein has presence in the high margin implants business. The orthodontics and endodontics segment can also help in supporting EBITDA margin expansion.
Overall, HSIC stock looks attractive at current levels. With leadership position in key markets, the company seems well positioned to accelerate growth in the coming years.
3D Systems (DDD)
Source: Shutterstock
As a provider of 3D printing and digital manufacturing solutions, 3D Systems might not be a pure-play among dental stocks. However, the stock is attractive and has already surged by 184% year-to-date (YTD).
In the dental segment, the company already has 30 different dental applications. As an example, the company is a provider of automated dental 3D printing solutions for orthodontics, prosthodontics and implantology.
In terms of specific products, 3D Systems provides industrial-grade tools capable of addressing various components of orthodontics. Additionally, with the company’s NextDent solution, orthodontic devices can be “produced at “dramatically increased speed.”
For Q2 2021, 3D Systems reported revenue growth of 44% YOY to $162.6 million. It’s also worth noting that revenue from healthcare increased by 68.6% YOY. The segment is therefore the key revenue and profitability driver.
With improved operational efficiency, the company also reported an adjusted EBITDA margin of 12.4%. The sale of non-core assets is further likely to boost the company’s profitability.
Overall, I would wait for some correction before considering fresh exposure to DDD stock. The company however seems to be making the right moves. Further improvement in EBITDA margin and cash flow seems likely with focus on the core business.
On the date of publication, Faisal Humayun did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.
The post 4 Dental Stocks to Buy for a Teeth-Straightening Boom appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Henry Schein (NASDAQ:HSIC) 3D Systems (NYSE:DDD) Now, let’s dive in and take a closer look at each one. 3D Systems (DDD) Source: Shutterstock As a provider of 3D printing and digital manufacturing solutions, 3D Systems might not be a pure-play among dental stocks. Overall, I would wait for some correction before considering fresh exposure to DDD stock.
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Henry Schein (NASDAQ:HSIC) 3D Systems (NYSE:DDD) Now, let’s dive in and take a closer look at each one. 3D Systems (DDD) Source: Shutterstock As a provider of 3D printing and digital manufacturing solutions, 3D Systems might not be a pure-play among dental stocks. Overall, I would wait for some correction before considering fresh exposure to DDD stock.
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Henry Schein (NASDAQ:HSIC) 3D Systems (NYSE:DDD) Now, let’s dive in and take a closer look at each one. 3D Systems (DDD) Source: Shutterstock As a provider of 3D printing and digital manufacturing solutions, 3D Systems might not be a pure-play among dental stocks. Overall, I would wait for some correction before considering fresh exposure to DDD stock.
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Henry Schein (NASDAQ:HSIC) 3D Systems (NYSE:DDD) Now, let’s dive in and take a closer look at each one. 3D Systems (DDD) Source: Shutterstock As a provider of 3D printing and digital manufacturing solutions, 3D Systems might not be a pure-play among dental stocks. Overall, I would wait for some correction before considering fresh exposure to DDD stock.
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2021-09-07 00:00:00 UTC
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Nano Dimension: A Speculative 3D-Printing Option
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https://www.nasdaq.com/articles/nano-dimension%3A-a-speculative-3d-printing-option-2021-09-07
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Nano Dimension (NASDAQ:NNDM) has had a difficult run as a public company. NNDM stock has fallen from $80 in 2016 to just $6.40 now.
Source: Spyro the Dragon / Shutterstock.com
However, it hasn’t all been downhill. After bottoming out around a dollar per share during Covid-19, Nano Dimension has staged a comeback. Part of that is due to a general rise in interest in 3D-printing. Another factor is that prominent investor Cathie Wood and her Ark Invest firm has taken a position in NNDM stock.
So which narrative will play out? Is Nano Dimension a struggling company with a poor long-term track record? Or perhaps the company has turned the corner, and is entering a new and more prosperous era.
3D Printing Is Reaching An Inflection Point
3D printing is often viewed as a niche activity only for technological hobbyists. It’s been possible to buy 3D printers to create things such as action figures or customized art for a long time. Yet 3D printing hasn’t really gone mainstream. Some investors, understandably, have dismissed it as a fad rather than a major advance.
7 Healthcare Stocks to Buy Before $3.5 Trillion Floods In
However, this may be changing. 3D printing is increasingly being used in vital industries such as manufacturing and health care. This is obviously a far larger and more dependable market than selling printers to amateur technophiles. In health care, fields such as dentistry are rapidly adopting digital solutions with 3D printed materials made right at the doctor’s office.
Pandemic Gives 3D Printing A Big Opportunity
The pandemic has massively disrupted existing supply chains. The world economy is built for just-in-time supply. Companies only hold just enough material on hand to meet immediate demand. This normally works, and leads to more efficiency and higher profit margins.
Now, though, this has broken down. Many factories closed for months. Ports are congested. There are major shortages of trucker drivers and other ground logistic resources. Companies in all parts of the economy are struggling to fulfill their orders on time. Prices of major goods such as homes and automobiles have been soaring.
One alternative to these problems would be to have more on-site manufacturing capacity. 3D-printing is particularly useful for manufacturing small but essential parts. Having 3D printing at a housing or aerospace factory, for example, could help produce key parts to keep the assembly lines rolling even when supply chains are not working normally.
How NNDM Stock Fits In This Thesis
Nano Dimension has its DragonFly 3D-printer for additive manufacturing. DragonFly is focused on usage cases for the semiconductor industry. Particularly, it enables the production of printed circuit boards (PCBs).
PCBs are a vital input for the electronics industry. We’ve seen the ill effects of the semiconductor shortage this year. Prices have soared for autos, and many manufacturers can’t build product at any price. The inventory simply isn’t there. 3D-printing could be a wonderful alternative to current systems and their bottlenecks.
In theory, DragonFly seems like a perfect product for the moment. Semiconductors have become a hot spot in the geopolitical tensions between the U.S. and China. There’s talk of trying to move semiconductor manufacturing back to the U.S., or at least reducing the dependence on Taiwan and other sensitive geographies.
Nano Dimension Hasn’t Proven Out Its Business
While this all sounds great on paper, it hasn’t panned out as of yet. Nano Dimension has produced $5 million, $7 million, and $3 million in revenues respectively during the past three years. That’s a rather underwhelming level of sales, and there’s no meaningful upward trend to point to, either.
It seems that, even with the supply chain issues, the higher cost of 3D printing is simply too much to make it competitive against traditional semiconductor plants as of yet.
It’s not all bad news for Nano Dimension. Given the sharp increase in the stock price lately, the company was able to issue a ton of stock. It now has more than $1 billion of cash and short-term investments on its balance sheet. This ensures that the company has plenty of runway to either expand its business organically or make acquisitions. With so much capital to work with, Nano Dimension has a shot. But so far, there’s little evidence that management can make it count.
NNDM Stock Verdict
Nano Dimension really only makes sense for risk-seeking investors. The company simply hasn’t proven out its technology nearly enough to be a safe choice. $5 million a year of revenues simply doesn’t support a large public corporation. The odds of success seem much higher in the more established industry rivals such as 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SYSS).
Those already have large customer bases and proven technology platforms. If you just want to bet on 3D printing hitting an inflection point, it’s easier to stick with the trustworthy options.
If you have a strong view on Nano Dimension’s product in particular, maybe the stock makes sense here. For investors wanting exposure to the transformational technology that is 3D printing, however, NNDM stock isn’t the best choice. Even if 3D printing takes off in fields such as health care, there’s no guarantee it will ever make a big impact in the semiconductor niche.
On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.
The post Nano Dimension: A Speculative 3D-Printing Option appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The odds of success seem much higher in the more established industry rivals such as 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SYSS). In health care, fields such as dentistry are rapidly adopting digital solutions with 3D printed materials made right at the doctor’s office. Having 3D printing at a housing or aerospace factory, for example, could help produce key parts to keep the assembly lines rolling even when supply chains are not working normally.
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The odds of success seem much higher in the more established industry rivals such as 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SYSS). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nano Dimension (NASDAQ:NNDM) has had a difficult run as a public company. Nano Dimension has produced $5 million, $7 million, and $3 million in revenues respectively during the past three years.
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The odds of success seem much higher in the more established industry rivals such as 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SYSS). InvestorPlace - Stock Market News, Stock Advice & Trading Tips Nano Dimension (NASDAQ:NNDM) has had a difficult run as a public company. How NNDM Stock Fits In This Thesis Nano Dimension has its DragonFly 3D-printer for additive manufacturing.
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The odds of success seem much higher in the more established industry rivals such as 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SYSS). 3D Printing Is Reaching An Inflection Point 3D printing is often viewed as a niche activity only for technological hobbyists. With so much capital to work with, Nano Dimension has a shot.
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2021-09-03 00:00:00 UTC
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Why 3D Printing Stocks Jumped This Week
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https://www.nasdaq.com/articles/why-3d-printing-stocks-jumped-this-week-2021-09-03
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What happened
3D printing stocks had a good week this week, some climbing double digits. There was some news about continued improvement in materials and potential tailwinds from low interest rates, and the market took an optimistic view of an industry it didn't like just a few weeks ago. After all, this week's gains followed a double-digit drop in some 3D printing stocks just a few weeks ago, so volatility is the name of the game in this industry.
Leading the way were shares of Stratasys (NASDAQ: SSYS), which were up 11.7% from the close of the market Friday to the close of the market Thursday night, according to data provided by S&P Global Market Intelligence. 3D Systems (NYSE: DDD) was up 8.2%, and Nano Dimension (NASDAQ: NNDM) was up 6.4%, over the same period.
Image source: Getty Images.
So what
Company-specific news was meaningful even if it wasn't a game changer for anyone in the long term. 3D Systems announced that two new materials are now available in its metals portfolio. Scalmalloy is a high-strength aluminum alloy intended for aerospace, automotive, and semiconductor markets. M789 is a metal used for making molds, drill bits, and even drive train parts. 3D printing companies are continually adding materials to their portfolios, but these are a sign of just how far the industry is pushing into metal products.
Nano Dimension also announced it will show its Fabrica 2.0 Micro Additive Manufacturing System, or Fabrica 2.0, at the RAPID + TCT event in Chicago from Sept. 13 through 15. This product is for micron-level-resolution production of parts for medical devices, semiconductors, and other small electronics.
There was also some economic news released this week that could help 3D printing companies in the long term. The U.S. economy is still growing coming out of the pandemic, but jobs are not coming back as quickly as central bankers may have hoped. Consumer confidence fell to a six-month low in August as worries about COVID-19 and inflation weighed on consumers. And companies didn't hire as quickly as hoped, adding just 235,000 jobs in August, short of the 720,000 that economists had projected.
How can bad labor and confidence data be good for 3D printing? The simple answer is that investors are betting that a slow economic recovery will mean the Federal Reserve will keep interest rates low for longer. Lower rates make it less expensive to borrow money for growth, which could include buying new equipment like 3D printers. This may be speculation, but in the short term, that's what's driving 3D printing stocks higher in the absence of more substantial news.
Now what
3D printing technology continues to improve and find new applications in the market. But that hasn't translated to higher profitability for companies or higher stock prices, leaving investors wondering what's next. And that's why investors can sometimes grab small pieces of information like a new material or low interest rates as a catalyst for future growth.
What I am looking for is the technology advances translating into more growth and better margins overall for 3D printing stocks. Until we see that, this is an industry I'll watch from the sidelines. But if 3D printing finds a path to growth, these beaten-down stocks could be growth stocks once again.
10 stocks we like better than 3D Systems
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*Stock Advisor returns as of August 9, 2021
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) was up 8.2%, and Nano Dimension (NASDAQ: NNDM) was up 6.4%, over the same period. There was some news about continued improvement in materials and potential tailwinds from low interest rates, and the market took an optimistic view of an industry it didn't like just a few weeks ago. The simple answer is that investors are betting that a slow economic recovery will mean the Federal Reserve will keep interest rates low for longer.
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3D Systems (NYSE: DDD) was up 8.2%, and Nano Dimension (NASDAQ: NNDM) was up 6.4%, over the same period. 3D printing companies are continually adding materials to their portfolios, but these are a sign of just how far the industry is pushing into metal products. And companies didn't hire as quickly as hoped, adding just 235,000 jobs in August, short of the 720,000 that economists had projected.
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3D Systems (NYSE: DDD) was up 8.2%, and Nano Dimension (NASDAQ: NNDM) was up 6.4%, over the same period. There was some news about continued improvement in materials and potential tailwinds from low interest rates, and the market took an optimistic view of an industry it didn't like just a few weeks ago. But if 3D printing finds a path to growth, these beaten-down stocks could be growth stocks once again.
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3D Systems (NYSE: DDD) was up 8.2%, and Nano Dimension (NASDAQ: NNDM) was up 6.4%, over the same period. There was some news about continued improvement in materials and potential tailwinds from low interest rates, and the market took an optimistic view of an industry it didn't like just a few weeks ago. 3D printing companies are continually adding materials to their portfolios, but these are a sign of just how far the industry is pushing into metal products.
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20aedf89-5989-40bd-b414-17df7f327ccf
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716569.0
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2021-08-26 00:00:00 UTC
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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
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DDD
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https://www.nasdaq.com/articles/cathie-wood-goes-bargain-hunting%3A-3-stocks-she-just-bought-2021-08-26
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nan
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nan
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It's fair to say that ARK Invest's CEO Cathie Wood never stands still. The world-class growth investor is always making moves, and she doesn't have a problem letting investors in her exchange-traded funds (ETFs) know all about it.
Wood did a lot of shopping on Wednesday, buying into some stocks that are trading well below their previous highs. She added to her existing positions in 3D Systems (NYSE: DDD), Coinbase Global (NASDAQ: COIN), and Teladoc Health (NYSE: TDOC), three once red-hot stocks that are now fetching 40% to 53% less than they were just a couple of months ago. Let's take a closer look at the three stocks she just bought.
Image source: Getty Images.
3D Systems
A blast from the past for growth investors is picking up steam at ARK Invest this week. Wood was selling 3D Systems in June and earlier this month, but she's now added to her stake in the 3D printing leader on each of the first three trading days of this week.
What changed at 3D Systems? A blowout earnings report two weeks ago is helping its cause. Revenue rose 44% in the second quarter, well ahead of the 27% that analysts were targeting. Adjusted earnings also clocked in at more than double what Wall Street pros were forecasting.
3D Systems is gaining momentum again, and it's also making moves. It recently announced plans to divest its medical simulation and on-demand manufacturing businesses, to focus on 3D printing machines that are being increasingly used by the healthcare industry.
Coinbase
Buying Coinbase has been a guilty pleasure at ARK Invest since the leading crypto exchange went public in April. It checks off some of Wood's boxes in terms of growth, niche leadership, and crypto.
Business is on a roll this year: Revenue soared 853% in the first quarter of this year, and that's not a typo. Coinbase followed that with a 1,097% year-over-year top-line burst in its latest quarterly report, and that's not a typo either.
The stock retreated after the report, on concerns that trading activity was slowing in the current quarter. However, crypto has been rallying in recent weeks and Coinbase dominates its niche, which will thrive through the volatility. So it's not a surprise that Wood is now adding to the stock that has become the third largest position across all of her ETFs. With Coinbase recently putting its money where its mouth is -- promising to invest at least 10% of its future profits in crypto -- it's becoming even more of a play on the cryptocurrency market.
Teladoc
There are only two stocks that take up a larger combined position at ARK Invest than Coinbase, and one of them is Teladoc. The telehealth leader allows folks seeking a consultation for any of a growing number of medical needs to meet virtually with healthcare providers. It's faster, cheaper, and ultimately more convenient than traditional in-office care.
Despite the no-brainer appeal of telemedicine even in a post-pandemic landscape, investors have cooled on Teladoc. Wood naturally sees things differently. She's been building up her position this summer, including purchases on Tuesday and now Wednesday of this week.
Revenue more than doubled in the company's latest quarter, even if it was helped by last year's Livongo Health acquisition. Teladoc continues to build up hefty losses, but growth investors can be patient as long as the bullish thesis for telehealth remains.
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*Stock Advisor returns as of June 7, 2021
Rick Munarriz owns shares of Coinbase Global and Teladoc Health. The Motley Fool owns shares of and recommends Teladoc Health. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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She added to her existing positions in 3D Systems (NYSE: DDD), Coinbase Global (NASDAQ: COIN), and Teladoc Health (NYSE: TDOC), three once red-hot stocks that are now fetching 40% to 53% less than they were just a couple of months ago. Wood was selling 3D Systems in June and earlier this month, but she's now added to her stake in the 3D printing leader on each of the first three trading days of this week. It recently announced plans to divest its medical simulation and on-demand manufacturing businesses, to focus on 3D printing machines that are being increasingly used by the healthcare industry.
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She added to her existing positions in 3D Systems (NYSE: DDD), Coinbase Global (NASDAQ: COIN), and Teladoc Health (NYSE: TDOC), three once red-hot stocks that are now fetching 40% to 53% less than they were just a couple of months ago. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Rick Munarriz owns shares of Coinbase Global and Teladoc Health. The Motley Fool owns shares of and recommends Teladoc Health.
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She added to her existing positions in 3D Systems (NYSE: DDD), Coinbase Global (NASDAQ: COIN), and Teladoc Health (NYSE: TDOC), three once red-hot stocks that are now fetching 40% to 53% less than they were just a couple of months ago. Teladoc There are only two stocks that take up a larger combined position at ARK Invest than Coinbase, and one of them is Teladoc. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Rick Munarriz owns shares of Coinbase Global and Teladoc Health.
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She added to her existing positions in 3D Systems (NYSE: DDD), Coinbase Global (NASDAQ: COIN), and Teladoc Health (NYSE: TDOC), three once red-hot stocks that are now fetching 40% to 53% less than they were just a couple of months ago. Wood did a lot of shopping on Wednesday, buying into some stocks that are trading well below their previous highs. Teladoc There are only two stocks that take up a larger combined position at ARK Invest than Coinbase, and one of them is Teladoc.
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aded141b-562c-4e8f-91e3-2ee3cac79f22
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716570.0
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2021-08-23 00:00:00 UTC
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3D Systems Reaches Analyst Target Price
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DDD
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https://www.nasdaq.com/articles/3d-systems-reaches-analyst-target-price-2021-08-23
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nan
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nan
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $27.33, changing hands for $27.89/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 6 different analyst targets within the Zacks coverage universe contributing to that average for 3D Systems Corp. , but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $19.00. And then on the other side of the spectrum one analyst has a target as high as $31.00. The standard deviation is $4.457.
But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $27.33/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $27.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover 3D Systems Corp. :
RECENT DDD ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 0 0 0 0
Buy ratings: 0 0 0 0
Hold ratings: 6 6 6 6
Sell ratings: 1 1 1 1
Strong sell ratings: 1 1 1 1
Average rating: 3.38 3.38 3.38 3.38
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DDD — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $27.33, changing hands for $27.89/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $27.33/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $27.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $27.33, changing hands for $27.89/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $27.33/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $27.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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And so with DDD crossing above that average target price of $27.33/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $27.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $27.33, changing hands for $27.89/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes.
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In recent trading, shares of 3D Systems Corp. (Symbol: DDD) have crossed above the average analyst 12-month target price of $27.33, changing hands for $27.89/share. But the whole reason to look at the average DDD price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DDD crossing above that average target price of $27.33/share, investors in DDD have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $27.33 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table?
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2145bac3-25f4-4f9f-94f9-3abeb774d75d
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716571.0
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2021-08-19 00:00:00 UTC
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October 15th Options Now Available For 3D Systems Corp.
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DDD
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https://www.nasdaq.com/articles/october-15th-options-now-available-for-3d-systems-corp.-2021-08-19
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the October 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new October 15th contracts and identified one put and one call contract of particular interest.
The put contract at the $26.00 strike price has a current bid of $2.20. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $26.00, but will also collect the premium, putting the cost basis of the shares at $23.80 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $27.61/share today.
Because the $26.00 strike represents an approximate 6% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 8.46% return on the cash commitment, or 54.18% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp. , and highlighting in green where the $26.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $29.00 strike price has a current bid of $2.55. If an investor was to purchase shares of DDD stock at the current price level of $27.61/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $29.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 14.27% if the stock gets called away at the October 15th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $29.00 strike highlighted in red:
Considering the fact that the $29.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 9.24% boost of extra return to the investor, or 59.14% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $27.61) to be 127%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the October 15th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the October 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new October 15th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the October 15th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new October 15th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new October 15th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 5% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the October 15th expiration.
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2bdd67d7-b756-4aca-8d14-5934033d7230
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716572.0
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2021-08-18 00:00:00 UTC
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Technology Sector Update for 08/18/2021: WKEY,G,DDD,STM,CREE
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-08-18-2021%3A-wkeygdddstmcree-2021-08-18
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nan
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nan
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Technology stocks extended their Wednesday decline, with the SPDR Technology Select Sector ETF (XLK) Wednesday slipping 0.9% while the Philadelphia Semiconductor Index was falling 0.7% this afternoon.
In company news, WISeKey International Holding (WKEY) climbed 3.5% after Wednesday announcing the Sept. 1 commercial launch of its WISe.Art platform, which will allow anonymous trading of NFTs in the collectible and luxury market using the company's TrustECoin cryptocurrency.
3D Systems (DDD) rose 2% after Berenberrg Bank raised its price target for the 3-D printer company by $3 to $26 per share and reiterated its hold stock rating.
STMicroelectronics (STM) was fractionally higher after the chipmaker and Cree (CREE) said they were expanding their multi-year carbide wafer supply agreement, with Cree providing 150-millimeter silicon carbide bare and epitaxial wafers to STMicro through its Wolfspeed business over the next several years. Cree shares were 9.2% lower.
Among decliners, Genpact (G) fell 1.5% after the IT-services company Wednesday said it plans to open a new delivery center in Fukuoka focusing on digital and analytics capabilities in addition to its core operations as it continues to expand its Japanese presence.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) rose 2% after Berenberrg Bank raised its price target for the 3-D printer company by $3 to $26 per share and reiterated its hold stock rating. In company news, WISeKey International Holding (WKEY) climbed 3.5% after Wednesday announcing the Sept. 1 commercial launch of its WISe.Art platform, which will allow anonymous trading of NFTs in the collectible and luxury market using the company's TrustECoin cryptocurrency. Among decliners, Genpact (G) fell 1.5% after the IT-services company Wednesday said it plans to open a new delivery center in Fukuoka focusing on digital and analytics capabilities in addition to its core operations as it continues to expand its Japanese presence.
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3D Systems (DDD) rose 2% after Berenberrg Bank raised its price target for the 3-D printer company by $3 to $26 per share and reiterated its hold stock rating. Technology stocks extended their Wednesday decline, with the SPDR Technology Select Sector ETF (XLK) Wednesday slipping 0.9% while the Philadelphia Semiconductor Index was falling 0.7% this afternoon. STMicroelectronics (STM) was fractionally higher after the chipmaker and Cree (CREE) said they were expanding their multi-year carbide wafer supply agreement, with Cree providing 150-millimeter silicon carbide bare and epitaxial wafers to STMicro through its Wolfspeed business over the next several years.
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3D Systems (DDD) rose 2% after Berenberrg Bank raised its price target for the 3-D printer company by $3 to $26 per share and reiterated its hold stock rating. In company news, WISeKey International Holding (WKEY) climbed 3.5% after Wednesday announcing the Sept. 1 commercial launch of its WISe.Art platform, which will allow anonymous trading of NFTs in the collectible and luxury market using the company's TrustECoin cryptocurrency. STMicroelectronics (STM) was fractionally higher after the chipmaker and Cree (CREE) said they were expanding their multi-year carbide wafer supply agreement, with Cree providing 150-millimeter silicon carbide bare and epitaxial wafers to STMicro through its Wolfspeed business over the next several years.
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3D Systems (DDD) rose 2% after Berenberrg Bank raised its price target for the 3-D printer company by $3 to $26 per share and reiterated its hold stock rating. Technology stocks extended their Wednesday decline, with the SPDR Technology Select Sector ETF (XLK) Wednesday slipping 0.9% while the Philadelphia Semiconductor Index was falling 0.7% this afternoon. In company news, WISeKey International Holding (WKEY) climbed 3.5% after Wednesday announcing the Sept. 1 commercial launch of its WISe.Art platform, which will allow anonymous trading of NFTs in the collectible and luxury market using the company's TrustECoin cryptocurrency.
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e3786250-5378-4a9d-ba0c-033a45a95247
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716573.0
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2021-08-18 00:00:00 UTC
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3D Systems CFO: "We Will Have the Strongest Financial Profile in Our Industry"
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DDD
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https://www.nasdaq.com/articles/3d-systems-cfo%3A-we-will-have-the-strongest-financial-profile-in-our-industry-2021-08-18
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nan
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nan
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3D Systems (NYSE: DDD) reported second-quarter 2021 results on Aug. 9 that easily beat Wall Street's expectations for both revenue and earnings. The stock soared 21.5% the next day; its 2021 gain is 163% through Tuesday, Aug. 17.
In the second quarter, the 3D printing company's revenue surged 44% year over year (59% excluding the impact of divestitures) to $162.6 million. Net loss according to generally accepted accounting principles (GAAP) narrowed 76% to $0.08 per share. Adjusted earnings per share (EPS) was $0.12, up from a loss per share of $0.13 in the year-ago period.
Below we explore one of the statements made by 3D Systems' CFO on the Q2 earnings call.
Image source: Getty Images.
"We will have the strongest financial profile in our industry"
From CFO Jagtar Narula's remarks:
Following the completion of our divestitures in the third quarter, we will have the strongest financial profile in our industry. We will be a roughly $0.5-billion revenue [per year], profitable company with strong cash generation from operations and an outstanding balance sheet with approximately $500 million of cash and no debt. This profile is unique in our industry and positions us well to invest in exciting organic growth... We are also in an excellent position to execute on strategic growth opportunities [acquisitions].
By "profitable," the CFO probably means profitable when adjusted for one-time items, rather than on a GAAP basis. Regardless, his statement seems to hold up either way, at least with respect to publicly traded, pure-play 3D printing companies.
Examining the CFO's statement relative to Stratasys and Materialise
Stratasys (NASDAQ: SSYS), one of the industry's other well-established companies, has not been performing as well as 3D Systems recently on most metrics. In Q2, its operating income and net income were negative on a GAAP and adjusted basis. 3D Systems' Q2 operating income and net income were positive on an adjusted basis, but not according to GAAP.
That said, Stratasys has been performing in the same ballpark as 3D Systems with respect to operating cash flow over the last 18 months. In 2020, Stratasys performed better on this metric, while 3D Systems has the lead in 2021. In the first half of 2021, 3D Systems generated cash from operations of $42.0 million compared to Stratasys' $28.4 million.
The industry's two largest players should have similar balance sheets after 3D Systems closes on its sales of several noncore assets. 3D Systems should have cash and cash equivalents of at least $500 million once those deals close, and it has no debt. Stratasys had cash and cash equivalents of $522.7 million and no debt at the end of the second quarter.
3D Systems currently generates somewhat more revenue than Stratasys ($162.6 million vs. $147.0 million in Q2). However, that should change once 3D Systems closes on its noncore asset sales.
Belgium-based Materialise (NASDAQ: MTLS) is also a long-established company. It's the third largest, by revenue, of the publicly traded pure-play 3D printing companies. In Q2, its revenue was $60.3 million. For the first half of the year, it recorded a breakeven bottom-line result. It ended the second quarter with a net cash position (cash and cash equivalents minus debt) of $90.3 million. This is a nice sum for its size, but a considerably lower net cash position than Stratasys has now or that 3D Systems will have once it closes on its noncore asset sales.
That said, Materialise outshines both 3D Systems and Stratasys when it comes to consistently pumping out positive operating cash flows over the last several years.
Data by YCharts.
Examining the CFO's statement relative to Desktop Metal and ExOne
All the other publicly traded pure-play 3D printing companies generate much less revenue than 3D Systems, Stratasys, and Materialise. Desktop Metal (NYSE: DM) is poised to become notably larger when it closes on its three recently announced acquisitions, including ExOne (NASDAQ: XONE), an industrial-focused 3D printing company. However, its revenue should still be considerably lower than that of 3D Systems.
Desktop Metal (which went public last December via a special purpose acquisition company, or SPAC) and ExOne are both unprofitable and have negative operating cash flows. In Q2, Desktop and ExOne used $31 million and $7.3 million, respectively, running their operations.
Desktop and ExOne ended the second quarter with cash and cash equivalents of $514.5 million and $129.5 million, respectively. However, Desktop's cash should decline considerably by year's end, largely because the company plans to use about $192 million in cash (along with about $383 million in equity) to finance its $575 million ExOne acquisition.
This discussion doesn't include all the publicly traded pure-play 3D printing companies. Two categories of excluded companies are those that are quite small and those that haven't been publicly traded since at least the start of the year.
10 stocks we like better than 3D Systems
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 9, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) reported second-quarter 2021 results on Aug. 9 that easily beat Wall Street's expectations for both revenue and earnings. Examining the CFO's statement relative to Desktop Metal and ExOne All the other publicly traded pure-play 3D printing companies generate much less revenue than 3D Systems, Stratasys, and Materialise. Desktop Metal (NYSE: DM) is poised to become notably larger when it closes on its three recently announced acquisitions, including ExOne (NASDAQ: XONE), an industrial-focused 3D printing company.
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3D Systems (NYSE: DDD) reported second-quarter 2021 results on Aug. 9 that easily beat Wall Street's expectations for both revenue and earnings. We will be a roughly $0.5-billion revenue [per year], profitable company with strong cash generation from operations and an outstanding balance sheet with approximately $500 million of cash and no debt. It ended the second quarter with a net cash position (cash and cash equivalents minus debt) of $90.3 million.
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3D Systems (NYSE: DDD) reported second-quarter 2021 results on Aug. 9 that easily beat Wall Street's expectations for both revenue and earnings. In the first half of 2021, 3D Systems generated cash from operations of $42.0 million compared to Stratasys' $28.4 million. Examining the CFO's statement relative to Desktop Metal and ExOne All the other publicly traded pure-play 3D printing companies generate much less revenue than 3D Systems, Stratasys, and Materialise.
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3D Systems (NYSE: DDD) reported second-quarter 2021 results on Aug. 9 that easily beat Wall Street's expectations for both revenue and earnings. In the second quarter, the 3D printing company's revenue surged 44% year over year (59% excluding the impact of divestitures) to $162.6 million. Examining the CFO's statement relative to Stratasys and Materialise Stratasys (NASDAQ: SSYS), one of the industry's other well-established companies, has not been performing as well as 3D Systems recently on most metrics.
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bf9d1178-15b9-47f1-9c9e-70e8d8c68b61
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716574.0
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2021-08-18 00:00:00 UTC
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Despite low prices, 3D Systems Corporation (NYSE:DDD) insiders sold US$566k worth of shares last year probably anticipating weakness
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DDD
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https://www.nasdaq.com/articles/despite-low-prices-3d-systems-corporation-nyse%3Addd-insiders-sold-us%24566k-worth-of-shares
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Despite the fact that 3D Systems Corporation's (NYSE:DDD) value has dropped 20% in the last week insiders who sold US$566k worth of stock in the past 12 months have had less success. The average selling price of US$18.23 is still lower than the current share price, or in other words, insiders would have been better off holding on to their shares.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
The Last 12 Months Of Insider Transactions At 3D Systems
In the last twelve months, the biggest single sale by an insider was when the Executive Vice President of Healthcare Solutions, Menno Ellis, sold US$238k worth of shares at a price of US$22.49 per share. That means that an insider was selling shares at slightly below the current price (US$27.60). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 7.9% of Menno Ellis's stake.
Over the last year we saw more insider selling of 3D Systems shares, than buying. The sellers received a price of around US$18.23, on average. It's not particularly great to see insiders were selling shares at below recent prices. But we wouldn't put too much weight on the insider selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
NYSE:DDD Insider Trading Volume August 18th 2021
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
3D Systems Insiders Bought Stock Recently
It's good to see that 3D Systems insiders have made notable investments in the company's shares. President Jeffrey Graves spent US$226k on stock, and there wasn't any selling. That shows some optimism about the company's future.
Does 3D Systems Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 2.7% of 3D Systems shares, worth about US$95m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At 3D Systems Tell Us?
It's certainly positive to see the recent insider purchase. On the other hand the transaction history, over the last year, isn't so positive. We don't take much heart from transactions by 3D Systems insiders over the last year. But they own a reasonable amount of the company, and there was some buying recently. So they seem pretty well aligned, overall. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Every company has risks, and we've spotted 2 warning signs for 3D Systems you should know about.
Of course 3D Systems may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Despite the fact that 3D Systems Corporation's (NYSE:DDD) value has dropped 20% in the last week insiders who sold US$566k worth of stock in the past 12 months have had less success. NYSE:DDD Insider Trading Volume August 18th 2021 If you are like me, then you will not want to miss this free list of growing companies that insiders are buying. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company.
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Despite the fact that 3D Systems Corporation's (NYSE:DDD) value has dropped 20% in the last week insiders who sold US$566k worth of stock in the past 12 months have had less success. NYSE:DDD Insider Trading Volume August 18th 2021 If you are like me, then you will not want to miss this free list of growing companies that insiders are buying. The Last 12 Months Of Insider Transactions At 3D Systems In the last twelve months, the biggest single sale by an insider was when the Executive Vice President of Healthcare Solutions, Menno Ellis, sold US$238k worth of shares at a price of US$22.49 per share.
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Despite the fact that 3D Systems Corporation's (NYSE:DDD) value has dropped 20% in the last week insiders who sold US$566k worth of stock in the past 12 months have had less success. NYSE:DDD Insider Trading Volume August 18th 2021 If you are like me, then you will not want to miss this free list of growing companies that insiders are buying. The average selling price of US$18.23 is still lower than the current share price, or in other words, insiders would have been better off holding on to their shares.
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Despite the fact that 3D Systems Corporation's (NYSE:DDD) value has dropped 20% in the last week insiders who sold US$566k worth of stock in the past 12 months have had less success. NYSE:DDD Insider Trading Volume August 18th 2021 If you are like me, then you will not want to miss this free list of growing companies that insiders are buying. Over the last year we saw more insider selling of 3D Systems shares, than buying.
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ca0b86f6-e225-4da1-bc1f-b59a787519e7
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716575.0
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2021-08-13 00:00:00 UTC
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Why 3D Systems Stock Jumped 12% This Week
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-jumped-12-this-week-2021-08-13
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nan
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nan
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What happened
Shares of 3D printer-maker 3D Systems (NYSE: DDD) stock surged 21.5% on Tuesday in response to a boffo earnings report for fiscal second quarter 2021. The stock has given back some of those gains in the days since; as of 12:05 p.m. EDT Friday, for example, the increase in price from last week's Friday close is closer to 12.4%.
But was the earnings report good enough to justify even this gain? And more importantly, where does 3D Systems stock go from here?
Image source: Getty Images.
So what
The first question is easier to answer: Yes, 3D Systems was exactly that good. For Q2, 3D reported sales growth of 44% over last year's fiscal second quarter, and while the company reported both operating and net losses, analysts' preferred metric for the company -- "non-GAAP income per share, diluted" -- was positive $0.12 this year.
That was better than both the company's $0.13 non-GAAP loss from last year and better than the $0.05 pro forma profit that Wall Street had predicted. For that matter, even when calculated according to generally accepted accounting principles (GAAP), 3D's $0.08 per-share net loss for the quarter was a whole lot better than the GAAP loss per share of $0.33 in the second quarter of 2020.
Now what
Company CEO Jeffrey Graves said 3D has "continued positive momentum" after announcing plans to divest its On Demand Manufacturing and medical simulation businesses to focus on 3D printing machines, especially for the healthcare sector.
That being said, after seeing 3D's shares soar Tuesday, Wall Street began worrying loudly that the stock -- which is unprofitable, remember, and trades for more than 7 times sales -- was getting a bit ahead of itself. In twin ratings this week, first investment bank Craig-Hallum (C-H) downgraded 3D shares to "hold," citing valuation concerns, and then Loop Capital announced a $33 price target -- lower than C-H's.
Loop in particular warned that 3D's recent strength in sales growth could be put at risk if Covid-19 begins shutting down the economy again, says TheFly.com. I'm not sure I agree with that logic because distributed manufacturing via 3D printers seems to me like something that should perform well in a longer pandemic. Still, at 3D's current share prices, I suspect discretion may be the better part of valor here.
With 3D Systems stock up more than 450% in the last 12 months, now might be a good time to declare victory -- sell -- and count your profits.
10 stocks we like better than 3D Systems
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They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of August 9, 2021
Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D printer-maker 3D Systems (NYSE: DDD) stock surged 21.5% on Tuesday in response to a boffo earnings report for fiscal second quarter 2021. Now what Company CEO Jeffrey Graves said 3D has "continued positive momentum" after announcing plans to divest its On Demand Manufacturing and medical simulation businesses to focus on 3D printing machines, especially for the healthcare sector. That being said, after seeing 3D's shares soar Tuesday, Wall Street began worrying loudly that the stock -- which is unprofitable, remember, and trades for more than 7 times sales -- was getting a bit ahead of itself.
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What happened Shares of 3D printer-maker 3D Systems (NYSE: DDD) stock surged 21.5% on Tuesday in response to a boffo earnings report for fiscal second quarter 2021. For Q2, 3D reported sales growth of 44% over last year's fiscal second quarter, and while the company reported both operating and net losses, analysts' preferred metric for the company -- "non-GAAP income per share, diluted" -- was positive $0.12 this year. That being said, after seeing 3D's shares soar Tuesday, Wall Street began worrying loudly that the stock -- which is unprofitable, remember, and trades for more than 7 times sales -- was getting a bit ahead of itself.
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What happened Shares of 3D printer-maker 3D Systems (NYSE: DDD) stock surged 21.5% on Tuesday in response to a boffo earnings report for fiscal second quarter 2021. For Q2, 3D reported sales growth of 44% over last year's fiscal second quarter, and while the company reported both operating and net losses, analysts' preferred metric for the company -- "non-GAAP income per share, diluted" -- was positive $0.12 this year. See the 10 stocks *Stock Advisor returns as of August 9, 2021 Rich Smith has no position in any of the stocks mentioned.
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What happened Shares of 3D printer-maker 3D Systems (NYSE: DDD) stock surged 21.5% on Tuesday in response to a boffo earnings report for fiscal second quarter 2021. But was the earnings report good enough to justify even this gain? And more importantly, where does 3D Systems stock go from here?
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9cf26399-15e6-4ee5-90e3-1234876a532d
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716576.0
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2021-08-10 00:00:00 UTC
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Notable Tuesday Option Activity: DDD, FSR, PFE
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DDD
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https://www.nasdaq.com/articles/notable-tuesday-option-activity%3A-ddd-fsr-pfe-2021-08-10
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 162,043 contracts have traded so far, representing approximately 16.2 million underlying shares. That amounts to about 519.3% of DDD's average daily trading volume over the past month of 3.1 million shares. Particularly high volume was seen for the $40 strike call option expiring August 13, 2021, with 25,723 contracts trading so far today, representing approximately 2.6 million underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $40 strike highlighted in orange:
Fisker Inc (Symbol: FSR) options are showing a volume of 199,938 contracts thus far today. That number of contracts represents approximately 20.0 million underlying shares, working out to a sizeable 381.3% of FSR's average daily trading volume over the past month, of 5.2 million shares. Particularly high volume was seen for the $20 strike call option expiring August 13, 2021, with 24,103 contracts trading so far today, representing approximately 2.4 million underlying shares of FSR. Below is a chart showing FSR's trailing twelve month trading history, with the $20 strike highlighted in orange:
And Pfizer Inc (Symbol: PFE) saw options trading volume of 964,561 contracts, representing approximately 96.5 million underlying shares or approximately 326.1% of PFE's average daily trading volume over the past month, of 29.6 million shares. Especially high volume was seen for the $48 strike call option expiring August 13, 2021, with 63,595 contracts trading so far today, representing approximately 6.4 million underlying shares of PFE. Below is a chart showing PFE's trailing twelve month trading history, with the $48 strike highlighted in orange:
For the various different available expirations for DDD options, FSR options, or PFE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $40 strike call option expiring August 13, 2021, with 25,723 contracts trading so far today, representing approximately 2.6 million underlying shares of DDD. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 162,043 contracts have traded so far, representing approximately 16.2 million underlying shares. That amounts to about 519.3% of DDD's average daily trading volume over the past month of 3.1 million shares.
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Particularly high volume was seen for the $40 strike call option expiring August 13, 2021, with 25,723 contracts trading so far today, representing approximately 2.6 million underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $40 strike highlighted in orange: Fisker Inc (Symbol: FSR) options are showing a volume of 199,938 contracts thus far today. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 162,043 contracts have traded so far, representing approximately 16.2 million underlying shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 162,043 contracts have traded so far, representing approximately 16.2 million underlying shares. Particularly high volume was seen for the $40 strike call option expiring August 13, 2021, with 25,723 contracts trading so far today, representing approximately 2.6 million underlying shares of DDD. That amounts to about 519.3% of DDD's average daily trading volume over the past month of 3.1 million shares.
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Particularly high volume was seen for the $40 strike call option expiring August 13, 2021, with 25,723 contracts trading so far today, representing approximately 2.6 million underlying shares of DDD. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 162,043 contracts have traded so far, representing approximately 16.2 million underlying shares. That amounts to about 519.3% of DDD's average daily trading volume over the past month of 3.1 million shares.
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96789348-9674-4b06-82c8-0c5ff93f2b9e
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716577.0
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2021-08-10 00:00:00 UTC
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3D Systems Corporation (DDD) Q2 2021 Earnings Call Transcript
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DDD
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https://www.nasdaq.com/articles/3d-systems-corporation-ddd-q2-2021-earnings-call-transcript-2021-08-11
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nan
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Image source: The Motley Fool.
3D Systems Corporation (NYSE: DDD)
Q2 2021 Earnings Call
Aug 10, 2021, 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the 3D Systems Conference Call and Audio Webcast to Discuss the Results of the Second Quarter 2021. My name is Donna, and I will facilitate the audio portion of today's interactive broadcast. [Operator Instructions] As a reminder, this conference is being recorded.
At this time, I would like to turn the conference over to John Nypaver Jr., Vice President, Treasurer and Investor Relations. Thank you, sir. Please go ahead.
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John Nypaver Jr. -- Vice President, Treasurer and Investor Relations
Thank you, Donna. Good morning, and welcome to 3D Systems Conference Call. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Jagtar Narula, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
The 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 website. For those who have accessed the streaming portion of the webcast, please be aware that there may be a few seconds delay and that you will not be able to post questions via the web.
The 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 last night's press release and our filings with the SEC, including our most recent annual report on Form 10-K and quarterly reports on Form 10-Q.
During this call, we will discuss certain non-GAAP financial measures. In our press release and slides accompanying this webcast, which are both available on our Investor Relations website, you will find additional disclosures regarding these non-GAAP measures, including reconciliations of these measures with comparable GAAP measures.
Finally, unless otherwise stated, all comparisons in this call will be against our results for the comparable period of 2020.
Now I am pleased to turn the call over to Jeff Graves, our CEO. Jeff?
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, John, and good morning, everyone, and thank you for joining our call today. When we reported second quarter results last year, our company and the world at large was increasingly gripped in the COVID crisis. No one could foresee how long and painful this situation would become. We were concerned foremost about the safety of our employees and then meeting the ongoing needs of our customers, particularly in the healthcare industry, where focus had rapidly turned to treatment of the victims of the pandemic.
While there were to be many dark days ahead, the resiliency of our employees and of our customers sustained and inspired us to weather the storm. We will forever be grateful to our 3D Systems colleagues and to the multitude of frontline workers who struggle each day to take care of the sick, protect the well and keep our essential services running.
It was in this cauldron that our new 3D Systems leadership team was formed, coming together quickly to develop plans, not simply to stem the losses but to position our company to emerge from the pandemic stronger and more focused than ever, ready to capture the exciting future we saw ahead for additive manufacturing.
Our first essential step was to develop a clear purpose statement, which is to be leaders in enabling additive manufacturing solutions for applications in growing markets that demand high-reliability products. We then executed a 4-phase plan to enable this vision. We reorganized into two business units, restructured to gain efficiencies, divest noncore assets and invest for future growth. Our results since that time has shown consistent steady progress: first, with the return to growth and profitability by Q4 of last year; and then continued momentum this year, which carried us in Q2 well beyond 2019 second quarter levels, an important pre-COVID benchmark for all companies to measure themselves against.
Looking specifically at this year's second quarter results, given the difficult environment of Q2 last year, it's no surprise to see exceptional rebound in revenue, profitability and cash performance. When adjustments are made for divestitures, which we then refer to as our organic performance, our top line grew almost 60% year-over-year and EBITDA by a whopping 650% to a level of 12.4% of revenue for the quarter. Jagtar will review details for you in a few moments.
In addition to the usual year-over-year comparisons, two additional reference points are helpful in understanding our business momentum. One is our consecutive quarter performance, which reflected revenue growth of over 11% in Q2 versus Q1 of this year. The second reference point, and perhaps the one that's most compelling, is to our pre-pandemic performance. If we compare Q2 of this year to the second quarter of 2019, our organic revenue grew 11.4%, which reflects true acceleration in the adoption of additive manufacturing and the effectiveness of our intense focus on select market verticals and applications.
From a cash perspective, I'm very proud of the team's ability to manage the business efficiently in this rapidly changing environment, which resulted this quarter in the generation of over $13 million of operating cash flow. This allows us to make critical investments needed to support the exciting growth opportunities that we see ahead.
So reflecting on the overall state of our business, from a strategic positioning standpoint, our combination of global scale, industry-leading breadth of technology across metals and polymer platforms and our consistent financial performance is now combined to differentiate our company and positioned us well to be a partner of choice to leading OEMs in healthcare and industrial markets.
Turning then to our divestitures. In order to improve our focus and greatly enhance our ability to invest in exciting growth opportunities, we've moved aggressively over the last year to divest noncore assets. In June, we announced an agreement to sell our on-demand parts business. This business focuses on the rapid production of components using additive and subtractive manufacturing methods which, in addition to having divergent business metrics from our core focus, often put us in conflict with other service bureaus, which is an increasingly important market for additive technology. So this sale not only increased cash for investment but increases our available market for future sales.
More recently, just after quarter-end, we announced the planned divestiture of Simbionix, our medical simulation business. This is a very good business and one that does not align with our core focus on additive manufacturing. By selling it to a strategic buyer, we created a sustainable leader in medical simulation while delivering to us significant cash for future investment in our core, a true win for all stakeholders.
In executing these divestitures, it's important to note that we have now completed our plan to exit noncore businesses. The proceeds from these sales will leave us in a strong position with a cash balance of roughly $0.5 billion and no debt. We now move forward with strong organic growth and profitability at both the gross margin and EBITDA margin level, positive operating cash flow capable of sustaining the investments needed to meet increasing customer demand and plenty of dry powder on our balance sheet for additional growth investments.
I, again, want to thank all of my colleagues at 3D Systems who've worked so hard in executing our business plan, which has successfully reinforced our leadership position over what's been an extremely challenging 12 months.
As we near completion of our divestiture efforts and our momentum accelerates in both of our business units, we turn to the future and have begun making investments for continued growth and profitability. Over the last several months, we announced plans for the expansion of our facilities in Rock Hill, South Carolina and Littleton, Colorado. In addition, we recently announced the creation of a new executive leadership role, Chief Technology Officer for additive manufacturing. The purpose of this role is to drive organic growth by expanding and accelerating application development and product innovation, including all hardware, software and materials development for production scale additive manufacturing solutions.
I'm pleased that Dr. David Lee joined the company in this capacity. David has been a pioneer in additive manufacturing with more than three years of experience in the industry. With this new role, we're accelerating our investments in people, processes, infrastructure and technologies that position us for future growth and profitability. 3D Systems has tremendous potential to revolutionize markets through the enablement of production scale. Additive manufacturing and delivering breakthrough innovation is essential to achieving this vision. We're very fortunate to have David join us on this exciting journey.
Before I continue, I'd like to offer an example of how our application focus is driving our development efforts and translating into accelerated growth opportunities for our business. As many of you might remember, over the last few years, we developed a new printing platform called Figure 4, a DLP-based technology that opened up new and exciting applications for polymer components. Central to Figure 4's success is the availability of new polymer materials that offer a customer attractive performance characteristics. To this end, over the last year, we've expanded our investments in photopolymer development targeted toward specific applications and market verticals.
As an example, for the automotive applications, a key relationship was established with TOYOTA GAZOO Racing, where our joint teams focused on a new Figure 4 material called PRO-BLK 10. This was successfully introduced for racing applications, but our work did not stop there. Looking to expand to larger component sizes, we worked with the Toyota team to modify the material and process for broader SLA application. This work has now led to the introduction of a new material called Accura AMX Rigid Black, a material that has excellent mechanical and environmental performance, along with automotive quality surface finish and can be printed economically in large SLA formats that deliver tremendous productivity improvements over competing production processes. Moving forward, this material will provide application solutions well beyond automotive, such as consumer goods, service bureaus and specialty contract manufacturing markets. It is this combination of materials, printing technology and software focused on specific breakthrough customer applications that's at the heart of our organic growth engine.
And finally, before I close, I'd like to comment on an area that I am particularly excited about for our longer-term future. and that is regenerative medicine. One of the key reasons behind Dr. Lee's appointment as our new CTO for additive manufacturing is that it allows our co-Founder, Chuck Hull, to focus increasingly on our groundbreaking biotechnology efforts as our Chief Technology Officer for regenerative medicine. As we've stated before, our partnership with United Therapeutics is central to our combined efforts to print human organs, beginning with a human lung. These efforts are, by any measure, extraordinary, and we look forward to updating you on progress at some point in the future.
Building upon this core development program, we are accelerating our efforts to bring -- to develop and bring to market other non-organ human applications for the body. Just as with our existing healthcare business, this extension of 3D printing into other human applications involves the combination of new tailored materials, very high-precision printing technologies and customized software solutions. In addition to being printable, the materials used in these applications must meet very specific requirements, including physical and mechanical properties as well as having biocompatibility characteristics to limit or even eliminate the risk of rejection in patients.
In this pursuit, we're partnering with other firms that can bring specific technology or application know-how that can move us ahead more quickly. One such partnership that we announced this quarter is with CollPlant, a biomaterials company that brings unique expertise in plant-derived RH collagen material. One application of this material that we are focused on is its use as printed soft tissue matrices for breast reconstruction procedures. Today, these soft tissue matrices are most often derived from human cadavers or even animal sources, which have limited supply and complications driven by incompatibility with the patient. A biocompatible collagen-based matrix could potentially address these issues and improve patient outcomes for those needing breast reconstructive surgery following cancer treatment. This is only one example of the rapidly emerging range of human applications that we're excited about as we expand our technology base and application expertise for regenerative medicine. There will be many more to follow.
A natural extension of our efforts in this area, enabled in part by our recent acquisition of Allevi, is our move to support academic and other research laboratories that are studying the fundamental science of regenerative medicine. From this foundation, for which Allevi has a presence in over 350 research labs around the world, we're increasingly excited about the potential of pursuing applications in the pharmaceutical market where printed customized 3-dimensional tissue samples can be used for advanced drug therapy development. The ability to print specific 3-dimensional tissue specimens representing either healthy vascularized cellular structures or even tumorous tissues offers the potential of enabling tailored experiments for drug development, which could shorten time to market and improve patient outcomes.
While these investments will take time to bear fruit, with our strong foundation in Healthcare, which now comprises over half of the company's revenue and key technology partnerships that we're now establishing, we believe we are well positioned to play a leadership role in this emerging field of regenerative medicine.
So to summarize, having executed our 4-phase plan launched last summer, we're now a company exclusively focused on additive manufacturing with industry-leading scale, the broadest range of metal and polymer technologies all linked together through a strong application focus with customers that are true leaders in their market. The success of our approach is reflected in our financial performance, where we've consistently delivered the strongest top and bottom line performance in our industry.
From a balance sheet perspective, after the close of our remaining divestitures in Q3, we expect to have approximately $0.5 billion of cash on our balance sheet to support the exciting future we see ahead. With this investment capital, we're increasingly looking for strategic investments that will add to our scale and technology portfolio in a systematic and disciplined manner.
With that, let me turn the call over to Jagtar, who will now describe our second quarter results in more detail. Jagtar?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Thanks, Jeff. Good morning, everyone. For the second quarter, we reported revenue of $162.6 million, an increase of 44.1% compared to the second quarter of 2020. Our organic revenue growth, which excludes divestitures completed in 2020 and 2021 was 59.3% in Q2 2021 versus Q2 2020.
As Jeff discussed earlier, Q2 2020 was heavily impacted by the COVID pandemic, which makes year-over-year comparisons less useful. We believe that comparing revenues to Q2 2019, which was prior to the COVID pandemic is informative. Compared to Q2 2019, our organic revenue, again, adjusted for divestitures, was 11.4% higher in Q2 2021. We were also pleased with our quarter-over-quarter growth, following a very strong first quarter of this year. We had double-digit quarter-over-quarter growth of 11.3%, driven by strong demand in new hardware purchases as well as growing material sales as printer placements are resulting in strong recurring revenue streams.
We reported a GAAP loss of $0.08 per share in the second quarter of 2021 compared to a GAAP loss of $0.33 in the second quarter of 2020.
Turning to non-GAAP results. We reported non-GAAP income of $0.12 per share in the second quarter of 2021 compared to a non-GAAP loss of $0.13 per share in the second quarter of 2020. The year-over-year improvement reflects a significantly higher revenue I mentioned earlier, with improved gross margins and lower non-GAAP operating expense.
Now I will discuss revenue by market. Healthcare grew 68.6% year-over-year and had double-digit growth of 14.2% compared to what was a very strong first quarter. We saw solid growth in all our major categories with growth in products and services and even higher growth materials, which is a key high-margin recurring revenue stream for us. Demand in dental applications remains robust and we also continue to see increased demand for personalized health services and advanced manufacturing of medical devices, as evidenced by the 15.5% quarter-over-quarter growth in our non-Dental segment of Healthcare that we call medical applications. This performance validates our application focus, which combines our application engineering capabilities with customer needs to develop high reliability parts, produce those parts through our advanced manufacturing centers and then help the customers scale up and produce parts on their own. This process is on display every day at our Littleton, Colorado facility, where earlier this year, we announced an investment to expand the company's application development capabilities for both Healthcare and Industrial by adding 50,000 square feet of facility space, additional application expertise and new additive manufacturing technologies.
Shifting to the Industrial segment. Industrial revenue was up 25.3% year-over-year and 49.6% when we exclude the businesses divested in 2020 and 2021. We spoke last quarter about Industrial revenue being in the midst of a turnaround from the economic slowdown due to the pandemic. We saw this turnaround accelerate in the second quarter. After seeing a return to growth in Q1, Industrial continued to rebound in Q2, growing sequentially 8.3% as compared to the first quarter of 2021. The performance of our Industrial segment reflects the continued market rebound, combined with organizational enhancements that we have implemented as part of our reorganization and restructuring efforts. These enhancements have resulted in reduced internal friction, a more holistic view of our customers and pursuits, and improved sales efficiency through a segment-oriented approach. Our improved model is evidenced by the sale of a record three of our flagship Factory 500 metal machines this quarter, which were sold into the aerospace and transportation segments.
While the last two quarters have seen good growth from solid execution, combined with improving macroeconomic conditions, we continue to see challenges that could impact economic performance, including new variance of the COVID virus, inflation concerns and continuing supply chain shortages.
In regards this last item, we have begun to see tightening of cost and availability for certain components that go into our products. Our team continues to manage through the issues and we remain positive about the second half, but we see this as a potential headwind as we move through the year.
Now we turn to gross margin. We reported a gross profit margin of 42.4% in the second quarter of 2021 compared to 31.2% in the second quarter of 2020. Non-GAAP gross profit margin was 42.4% compared to 41% in the same period last year. When compared to the first quarter of this year, gross profit decreased from 44%. This sequential decrease was primarily the result of non-recurring write downs related to equipment and inventory, impacting margin by approximately 140 basis points. Even with this non-recurring charge for the announced divestitures, we continue to expect non-GAAP gross margins in a range of 40% to 44% for 2021.
Operating expenses for the quarter were $79.1 million on a GAAP basis, an increase of 14.5% compared to the second quarter of 2020. This year-over-year increase is primarily related to higher stock compensation expenses, including higher expense for employee bonuses, that are tied to the strong performance of our business. Our non-GAAP operating expenses in the second quarter were $55.2 million, a 3.3% decrease from the second quarter of the prior year. Compared to the first quarter of 2021, non-GAAP operating expenses increased 7.7% as our focus turns to growth, and we invested in our operational infrastructure, which will allow our people and systems to better absorb the growth as strategic investments are made.
Adjusted EBITDA, defined as non-GAAP operating profit plus depreciation, was $20.1 million or 12.4% of revenue compared to a negative $3.6 million or negative 3.2% of revenue in the second quarter of 2020. Compared to the first quarter, adjusted EBITDA margin is slightly lower, driven by the investments mentioned earlier to improve our corporate infrastructure and support future growth.
Now let's turn to the cash flow statement and balance sheet. Cash on hand decreased $600,000 during the quarter. This decrease was driven primarily by acquisition costs of $10.9 million and capital expenditures of $4.3 million, offset by cash generated from operations of $13.5 million. We ended the quarter with no debt and full capacity on our $100 million undrawn revolving credit facility.
We were quite pleased with our continued strong generation of cash from operations. which, as mentioned, was $13.5 million. This compares favorably to cash used in operations of $18.7 million in Q2 2020. Our strategic reorganization and cost management have enabled this extremely positive turnaround in operating cash flow.
Before I conclude my commentary, I would like to provide additional detail on the expected impact of our two recently announced divestitures, the on-demand parts business and Simbionix. We expect both deals, which will be the last of our planned divestitures, to close in the mid-third quarter, after which they will no longer be included in our results. On a quarterly basis, these combined businesses generated approximately $25 million of revenue per quarter and non-GAAP contribution margin of approximately $5 million to $6 million per quarter.
So what will we look like when these divestitures are complete? From a strategic standpoint, we will be a company with a singular focus on additive manufacturing, an exciting and fast-growing industry, driven by both Healthcare and Industrial markets worldwide. We will go forward as one of the largest and best-known comprehensive providers of additive manufacturing technology, comprising the broadest range of polymer and metal printing platforms in the industry, a market-leading metals materials portfolio and an extensive suite of software to enable large-scale efficient conversion of electronic component designs to finish products for our customers worldwide.
From a financial standpoint, following the completion of our divestitures in the third quarter, we will have the strongest financial profile in our industry. We will be a roughly $0.5 billion revenue profitable company with strong cash generation from operations and an outstanding balance sheet with approximately $500 million of cash and no debt. This profile is unique in our industry and positions us well to invest in exciting organic growth, including expansion of our development infrastructure and technology teams, having unique talents that are demonstrating daily new applications of this exciting manufacturing technology for our customers the world over. We are also in an excellent position to execute on strategic growth opportunities that will support our long-term objective to reach sustainable double-digit revenue growth, gross profit margins of 50% and adjusted EBITDA margin of 20%. We believe that with our focus, scale, profitability and balance sheet, we are very well positioned to continue to succeed in this exciting growth industry of additive manufacturing.
Finally, I wanted to provide an update on our Investor Day event that we have scheduled for September 9 in the Denver, Colorado area. As many of you know, we are seeing a rise in cases of COVID infections, primarily related to the Delta variant. This has created uncertainty in the ability of some interested parties to travel and to attend in-person gatherings. Out of an abundance of caution for the safety of our investors, analysts and employees, we have decided to postpone our Investor Day event. We plan to reschedule to a later date this fall, and our preference is to continue as an in-person event depending on the trends of the virus variant, the vaccine rollout and new guidance from public health officials. We will provide an update as soon as possible and look forward to sharing our long-term growth strategy in more detail with the investment community.
With that, I'll turn the call back to Jeff. Jeff?
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Jagtar. The last 12 months are now behind us, and I truly believe the next 12 months can be the best this company has seen in its history. Financially, we are arguably the strongest company in the space, which means we're the best positioned to take advantage of accelerating adoption of additive manufacturing. We'll use our balance sheet to drive growth in our core business and a keen focus on driving recurring revenue streams. We'll be deliberate in searching for strategic investments that will support the core business we've built.
We'll now take your questions. Operator?
Questions and Answers:
Operator
[Operator Instructions] Our first question is coming from Ananda Baruah of Loop Capital Markets. Please go ahead.
Ananda Baruah -- Loop Capital Markets -- Analyst
Hi, good morning, guys. Thanks for taking the questions and congrats on the ongoing solid execution.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Ananda.
Ananda Baruah -- Loop Capital Markets -- Analyst
Yes, you're welcome. It's good to see it sort of clicking -- continuing to click all together. I guess just one for me. I guess maybe a couple of parts, but all related. How do you guys see the organic growth profile going forward? And Jagtar, you sort of referenced double-digit and getting to that. But just any context around how you see the organic growth profile going forward? And what's the key action items and milestones are to achieving that? And then just as sort of like an additional part to that, what could also happen to allow you to exceed that? And that's it for me. Thanks.
Jeffrey A. Graves -- Chief Executive Officer and President
So I'd say Ananda, thanks for that question. That's very thoughtful. And I'll comment and then I'll leave it for Jagtar if he wants to supplement as well. So look, I -- we adopted a very specific business model a year ago, and that model is really working well for us. I mean, we're extremely application-focused in very specific markets. And clearly, Healthcare is tremendous. I mean, we've got a lot of expansion capability there, and industrial verticals are becoming increasingly attractive across a number of them.
So there's plenty of room to hunt. And that horizon is expanding every day as businesses reopen and they're reopening, Ananda, with new concerns and paradigms about their supply chain. And I think you see this broadly as folks are nervous, and you see the rise of the Delta virus now, right? We're having the same conversations of last year of, gosh, where will we make parts, how do we get them in, how do we get them in. This is our customer conversations. Well, additive manufacturing can address a great many of those concerns and offer higher performance parts, whether it's for human application or industrial markets. So their willingness to experiment, to try new applications, to come in and work with our application engineers, their appetite for that is up tremendously. And as the economy reopens on the Industrial side and Healthcare continues to grow, I think we see no end in sight for that. I think the adoption of production scale industrialized additive manufacturing is here and is going to really take root and grow from here. So that's a comment I'd say for the entire industry.
For us specifically, I think our business model is somewhat unique. We really focus on finding the right customer and exciting market verticals and really demonstrating exciting applications. I'll give you an example, Ananda, what's been really terrifically exciting is in the semiconductor manufacturing industry. We pioneered some applications with one of the leading providers of semiconductor manufacturing equipment over the last couple of years. We've really accelerated that in the last year as there's been a chip shortage, and there's more demand for new machines. They're investing -- our customers are investing more R&D dollars, development dollars for new manufacturing platforms, and they're pulling on the best attributes of additive manufacturing to help get them there. A lot of that is around heat transfer control, extending the thermal stability of the equipment so you can print very fine detailed semiconductor chips. That's just one example, but it's this -- there's a window of embracing now additive that's really exciting.
So the punchline from a growth rate perspective, if you look at our Q1 to Q2, probably the best reference points you have is Q1 to Q2. Again, if I remember the numbers correctly, Jagtar from your portion of the dialogue here, we were about mid-teens in Healthcare growth, and we were nearing double digits on industrial, actually high single digits. And I think, Ananda, you're going to see that momentum continue.
I think in Healthcare, the ability to customize product for implants is really attractive. It improves patient outcomes. It reduces the cycle for healing, for getting patients out of the hospital. It improves the performance of parts for their rehabilitation often in -- at least in skeletal applications and other med devices. Dental is talked about a lot. I mean, clearly, we have a lot of momentum in the dental area as well, and that's continuing to expand. Industrial, I think you'll see it take root broadly in many verticals.
So I will -- I would expect the growth momentum to certainly continue. And there's a lot of opinion about what the whole industry will grow at. People talk about mid- to high teens, even 20%-plus. Whatever that overall industry growth rate is, I think we'll certainly be able to mirror that ourselves and hopefully in the most preferred markets so that we also get not only volume leverage but some gross margin improvement from being in the really difficult parts of the market.
So again, I would say, in the long term, it's a strong double-digit growth business. Gross margins are in the low 40s today. We see those going to 50%-plus in the future due to business mix. Healthcare is clearly growing faster than industrial, but industrial will grow. And then you'll see us, by running a good business, get a lot of that to the bottom line and generate strong cash performance for future investments.
So that's the model. I'm thrilled that we're finished with our divestitures. Those are difficult things. We've got to still close them out here in Q3, but leaves us just in a great position from an organic momentum standpoint with a lot of dry powder on the balance sheet. So long-winded answer to your simple question, but somewhere in there, I hope you found an answer.
Ananda Baruah -- Loop Capital Markets -- Analyst
Yes. No, that's super helpful. I appreciate it, guys. Thanks a lot.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Ananda.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Thanks, Ananda.
Operator
Thank you. Our next question is coming from Greg Palm of Craig-Hallum. Please go ahead.
Greg Palm -- Craig-Hallum -- Analyst
Yes. Thanks. Good morning. Congrats on the good quarter as well. I guess just kind of starting off, it sounds like it was pretty broad-based, but wondering if there is a certain end market, certain geography that you want to point to that maybe caused a bulk of the upside in the quarter?
Jeffrey A. Graves -- Chief Executive Officer and President
I'll let Jagtar comment on the geographics there. Certainly, in the past, the U.S. has been opening faster than Europe. So it's been a better market for us. And the Healthcare business obviously is growing leaps and bounds. And I -- and again, it's -- dentistry is strong. We're also seeing really nice growth, as Jagtar mentioned, 15-plus percent consecutive quarter growth in nondental medical markets. And it's the same reason I just mentioned, Greg, it's -- doctors are really starting to appreciate -- and our channel partners -- the ability to customize implants for procedures and take advantage of that. They're very economical to manufacture and make, and they improve patient outcomes, and that's just terrific.
So Healthcare has been growing faster than industrial. Industrial overall is probably a bigger end market and has more potential for long-term growth, but -- and it's coming back very nicely. But I certainly wouldn't underestimate Healthcare is going to continue to grow. Jagtar, you want to comment on the geographic?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yes. Greg, the Americas were about 60% of our system sales this quarter, a little higher than historical. So I would say it's a little bit stronger in the Americas probably due to the reopening of the economy here faster than we saw around the rest of the world. So that was the one big difference. And I think Jeff commented on the Healthcare versus Industrial. Healthcare grew quite strongly. We were actually pretty pleased that the medical applications that grew faster than the overall Healthcare number. So it was nice to see that balance in growth in Healthcare.
Greg Palm -- Craig-Hallum -- Analyst
Got it. Okay. That's good color. Maybe sticking on the Healthcare segment. You're clearly focused and excited on this regenerative medicine opportunity. I know there's a pretty successful, I think it's publicly traded, but Swedish company. But I don't know, can you give us a little bit more color on what you think the size of this market is -- could be your competitive positioning? And I guess, if successful, how do you envision revenue ramping over the coming years?
Jeffrey A. Graves -- Chief Executive Officer and President
I would tell you, Greg, honestly, it's very hard to put numbers to, but it will be a substantial market over the years. And it's certainly a nascent market that's evolving because only now do you have really the three elements coming together for printing: the materials, the hardware and the software. But it's really being demonstrated more and more quickly, Greg. And then you have to obviously get through all the government required approvals in the U.S. and Europe as well to actually have a successful product, but we are tremendously excited. And so our strategy has really evolved pretty quickly over the last 12 months.
We started out on the most difficult end of the spectrum, working with United Therapeutics on human organs. And that's really the brass ring. That is the ultimate goal is the ability to print replacement human organs because, as you know, and probably everyone knows, there is a huge shortage of lungs, livers, kidneys, other organs that fail over time in some people, there's a huge shortage of those. And unfortunately, the supply chain is really related to the availability of an organ from someone who's deceased. And so it's a very difficult process today. There's many shortages and, unfortunately, many people die waiting for organ transplants. So we're heavily focused on that.
It's the -- certainly the largest market and the most exciting market in the long term to be in. But as you go toward that market, there's a lot of spin-off technologies that are really exciting as well and can improve the quality of life for people. Soft tissue implants is just the start of it. We announced our CollPlant partnership to make these matrices for breast reconstruction for women that have had cancer treatments and mastectomies associated with them. So it's an exciting application. I would tell you there's tens of those, Greg. I mean it's -- there's a lot of the works. We're identifying more partnerships to form around those now that we have the base technology for printing and you have to customize it for different materials and make sure you have the software support for it. But those are going to roll out increasingly not in the near term, but over time. And then moving beyond that, we were so excited about those markets, but we wanted a shorter-term market, if you will, to also go after with that base technology, and that's moving into the laboratories. And we started that -- that was the basis of the Allevi acquisition we did this small acquisition that we did around the Allevi group that had great -- very good printers for research labs and they were present in over 350 labs around the world and those researchers that they were selling to were studying regenerative medicine. So we moved in that direction, and we're going to expand that presence. And then we're very excited moving beyond that about the pharmaceutical industry because if you look at pharmaceutical labs, their whole value play is trying to get drugs developed that are useful as quickly as possible. and you saw this in the COVID case here the last year, the remarkable progress those guys have made. So we want to play in those labs where we can again provide printers and consumables to help in the development of drug therapies more quickly.
I would not call any of those short-term markets, Greg. And they're all developing. They may be tens of millions of dollars today. They will grow to be hundreds and hundreds of millions and billions over time, but it will take time. And again, you've got to have a very focused approach around specific applications, which is really our hallmark. That's what we do.
So over time, you'll hear us talk about human organs. You'll hear us talk about other body parts, if you will, other implants. And then you'll hear us talk about laboratory, the laboratory setting for regenerative medicine. I am tremendously excited about it. I think it will add a whole new growth vein onto this company, but it will take time to develop.
Greg Palm -- Craig-Hallum -- Analyst
Yes, sounds pretty interesting. And I guess just last one. So post close, $500 million of cash on the balance sheet puts you in a very different position relative to where we were a year ago. So how do you approach capital allocation, strategic investments? I know you called that out, but what are your overall thoughts going forward?
Jeffrey A. Graves -- Chief Executive Officer and President
Well, it's a great question, Greg. I mean there's -- so there's two veins to that. One is supporting our current customer base, our growing customer base with organic growth activities. And there's more and more need for application expertise providing a big demand from our customers for that. So that really is why we're investing in our footprint out in our medical facility in Littleton, and here in Rock Hill, South Carolina, we're expanding that. And the activity here in South Carolina is in part for materials development. polymeric materials development, photopolymers and production. So that addresses our organic growth needs, and we'll continue to make those investments over time. It's not an enormous amount of capital, but you have to systematically do it.
As we have divested businesses, we're now looking at ourselves as becoming a very attractive platform company for continued consolidation in the industry to leverages. There's a lot of innovative folks that try to get in this industry with either printing platforms or very specific materials. There's a lot of room for consolidation of that kind of expertise, and we want to make sure we have the right platform for that. So we are investing some money in our basic platform, our basic infrastructure, IT, finance, all of that to make sure that if we did participate in that, that we could integrate a company very well and move forward. So we've been doing some of that. We'll do more of it. And then more broadly, obviously, there's continuous innovation in this industry.
We are the largest player in the industry. So scale is always helpful, additional scale. But for us, it's probably more around technologies, and there's three of them. There's printing, there's materials and there's software. So those three will encompass our focus.
And I would again come back, Greg, to biotech. I just think -- I think the next horizon for additive manufacturing, there's an enormous runway for current applications in both industrial and Health care. But when you look out past those, there is a whole new horizon on biotech for printing. And I'm really excited to be making -- to position ourselves well for that market as well. So hopefully, from our shareholder standpoint, investors, the very short term -- good short-term benefits by growth in the existing markets and the adoption of additive for healthcare and industrial and then you provide a long-term value play in the biomedical space, biotech space with regenerative medicine. Does that make sense?
Greg Palm -- Craig-Hallum -- Analyst
Yes. All good. Appreciate all the insight. Thanks. I'll hop back in queue.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Greg.
Operator
Thank you. Our next question is coming from Sarkis Sherbetchyan of B. Riley FBR. Please go ahead.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Hey, good morning and thank you for taking my question here.
Jeffrey A. Graves -- Chief Executive Officer and President
Good morning, Sarkis.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Yes. So first question just really revolves around the revenue from divestitures that's called out for both fiscal '19 and '20 on the bottom of the release. I think it sum totals to, let's call it, a range of $40 million to $50 million on the year. But in the prepared comments, I think you mentioned the quarterly run rate of the revenues from divestitures are $25 million. So that adds up to $100 million. So I just wanted to get a sense if the revenues called out in the press release were from GibbsCAM, Cimatron and the other revenues that you called out in the earnings deck. Is that for the businesses pending divestiture in 3Q?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yes. Sarkis, you got that exactly right. So what's called out in the release is to reconcile to organic growth. So those are only the acquisitions that have already closed -- or sorry, the divestitures have already closed, which is GibbsCAM, Cimatron and a couple of small divestitures that we did last year, our ODM business in China and Australia, and that's the $40 million to $50 million that you're referencing of revenue.
The $25 million I referenced in my prepared remarks are for the divestitures that we have not yet closed. That's the on-demand parts business and the Simbionix business. And we expect that to close midway through the second quarter at some point versus third quarter at some point.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Okay. So just to use some crude math here, if I simply take the sum total of the '19 as a base line, right, ex the divestitures and then remove about $100 million in top line, I get to about $500 million or so in, let's call it, pro forma top line. We should grow the business from that point forward and then kind of take your margin range of, I think you said 40% to 44% still and kind of work with that, correct?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yes, that's absolutely correct. That's -- I think I mentioned in my prepared remarks that we would expect to be in the order of $500 million revenue company post divestitures, profitable. And so I think you've got it exactly right.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Okay. Great. And just one final one for me. From a capex perspective, I know you're kind of reinvesting back into some of these interesting drivers for future growth. Any revisions or any kind of outlook you can provide us for capital expenditures this year and next? Thank you.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yes. So I've said in the past that we expect capex about 4% to 5% of revenue. I'm still holding to that number. Our capex spend for the first half was actually a little bit lower than I expected. We've approved a number of capex projects, but I think they've been slower to start, so that I still expect that 4% to 5% of revenue range.
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Thank you. That's all from me.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Thanks, Sarkis.
Operator
Thank you. Our next question is coming from Wamsi Mohan of Bank of America. Please go ahead.
Wamsi Mohan -- Bank of America -- Analyst
Yes. Thank you and congrats on the strong execution. I was wondering -- both of you spoke about the momentum in the business. As we think about Q3 and Q4, can you give us some sense of whether we should expect seasonal or higher or lower than seasonal as we think about these quarters when adjusted for the divestitures? And then I have a follow-up.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Hey, Wamsi, this is Jagtar here. So yes, I would expect our normal seasonality going into Q3 with some of the headwinds that we've talked about in supply chain. You might say it's a little higher than normal, but sort of in that normal seasonality range. We, I think, typically see 4% to 5% decline from Q2 to Q3. And I'm sort of expecting that range plus and minus.
Wamsi Mohan -- Bank of America -- Analyst
And that's x divestitures, correct?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
That would be ex-divestitures, yes. That would be not factoring divestiture. So I would look at that seasonality and then take off divestitures from there.
Wamsi Mohan -- Bank of America -- Analyst
Okay. Okay. And then can you talk about the write-offs that impacted gross margin? You called those are equipment and inventory. What specifically are those? And when I look at your gross margin guide of 40% to 44%, I mean you guys have been doing sort of in the middle of that range pretty steadily over the last couple of quarters. As we look forward to the back half of the year, any reason to think that there is even a possibility of going down to that low end of the range for the year? It just feels like that would mean significantly lower margins. So just are you trying to signal anything about the margins in the next two quarters that is abnormal? Or is that inclusive of the impact of the divestitures? Thank you.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yes. So let me address three parts of your question. So the first one on the write-offs in the quarter. So we had a couple of what I'd call kind of legacy items. One was a powder management unit for one of our metals printers that was developed back in 2019, or 2018, I believe it was. We've sent to introduce a new better unit. We had some issues with the older one. So we had a number of these in inventory that were largely unsellable. So we wrote that off. We also had one of our early Factory 500s. It was the first one that we produced. Some issues with it because it was the first one. And as a result, we had a write-off associated with that piece of equipment. So that's why I called them both nonrecurring. These are both older pieces of equipment, stemming back to, I think, 2018. And so combined, as I mentioned, it's about 140 basis points impact to the margin.
For the rest of the year, I mean you heard our guidance. We're not trying to signal anything for the rest of the year. We don't expect -- we're not seeing anything that we expect from a write-off standpoint. We expect the business to continue kind of as it has, but we're holding to our sort of guidance range. On the specific impact of the divestitures, I will say that the divestitures when combined are slightly above -- from a gross margin standpoint are slightly above the guidance range that we've given. So that will push us down a little bit, 0.5 point-ish impact. 50 to 100 basis points is what we're expecting.
Wamsi Mohan -- Bank of America -- Analyst
Okay. Thank you so much.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yes.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Wamsi.
Operator
Thank you. Our next question is coming from Noelle Dilts of Stifel. Please go ahead.
Jeffrey A. Graves -- Chief Executive Officer and President
Good morning, Noelle.
Noelle Dilts -- Stifel -- Analyst
Can you hear me? Hi. Sorry. Had a problem to get unmute.
Jeffrey A. Graves -- Chief Executive Officer and President
Yes, we can hear you.
Noelle Dilts -- Stifel -- Analyst
Thanks. And again, congrats on the nice quarter. So I understand it may be difficult to put numbers to this, but just given the strong revenue growth in the quarter, are there any metrics or any ways that you're kind of trying to measure how much of what you're seeing in terms of your strength is recovery in the market or with your customers versus some of the benefits of the strategic efforts you've been undertaking like realigning the sales force?
Jeffrey A. Graves -- Chief Executive Officer and President
Yes, actually, we have that discussion internally a lot. And obviously, it's interesting when you're coming out of a difficult period like COVID, every company should have a tailwind, obviously, on that. But this was the first -- it was very interesting this quarter. This was the first quarter where we look at it and say, the tailwinds, the big benefit of tailwinds should kind of be subsiding, and we can finally see some of the fruits of the focus and try to figure out what is actually being driven that's new growth by the focus.
Clearly, all in all, coming out of just the depths of COVID, there is a much broader adoption attitude, if you will, among customers of additive manufacturing for the reasons I mentioned, it's supply chains have become very risky, and you see that as an ongoing issue for most companies. They're looking for new ways to make parts closer to home with more assurance. And that's so -- beyond COVID, and this was an important quarter for that, because we surpassed our 2019 sales number quite substantially.
You say what's driving that? Well, there's a couple of things. Number one is I like to think we're executing very well. Our model is working with customers coming in with a strong application focus, I think the model is right, and I think their receptivity to adopting additive is really strong. So I think we're selling into a customer base that's excited about additive. And I think we've got just the right business model right now to take maximum advantage of that. and you see the net result of that reflected in the numbers.
I was particularly pleased with the consecutive quarter growth and the comparison to 2019. That 11% growth over '19, I think -- honestly, I think that shows that the model is working and customers are very receptive to additive right now as it moves into a true production environment.
Noelle Dilts -- Stifel -- Analyst
Okay. Great. Thanks. Very helpful. And then on the printer side, just given your broad portfolio, I was just curious if you could point out any particular areas or lines of strength and even if there are some notable trends in terms of what you're seeing across metals versus plastics?
Jeffrey A. Graves -- Chief Executive Officer and President
Yes. That's another good question. I've been particularly pleased, I would tell you, on the metal side. Metals is really doing quite well in terms of customer interest, volume growth both our 350 unit and now our 500 unit. As Jagtar mentioned, we had three terminal sales on our Factory 500, which is our largest kind of our flagship metal product now, and the 350 is doing very well. So we're really pleased on the metal side. And it is -- customers that have shown interest and are now going as the applications are demonstrated and all, they're going firmly in this direction, where they say, OK, I've made a variety of parts now that really bring me performance benefits. I understand the workflow and the cost impact, I'm in; and they're placing orders for those machines. But also excitingly, on the polymer side, the better we do on developing materials, especially in the photopolymer area, from a performance, a toughness perspective and surface finish -- and the better we can use our software to densely pack printing chambers, the more these polymer systems are in demand. And I am extremely excited also about our polymeric work. It's really good, the work on SLA and DLP with these new photopolymers. But a lot of the magic there is in the -- having the material and then integrating it with the process.
So the printer itself is important, but I cannot understate the importance of the print process in conjunction with the material. Getting that combination right is extremely valuable to our customers.
And then, obviously, the photopolymer area has been instrumental in helping us in our regenerative medicine efforts as well. So having that core expertise is very beneficial there. And again, you'll hear more about that in the years to follow.
Noelle Dilts -- Stifel -- Analyst
Perfect. Thanks so much.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Noelle.
Operator
Thank you. Our next question is coming from Paul Chung of JPMorgan. Please go ahead.
Jeffrey A. Graves -- Chief Executive Officer and President
Good morning, Paul.
Paul Chung -- JPMorgan -- Analyst
Hi. Morning. Thanks for taking my question. So on the top line front, can you give us a sense of kind of the materials versus systems mix? You mentioned higher growth in materials in the quarter in Healthcare. So should we start to see materials kind of accelerate over the next couple of quarters and some upward contribution on overall margins as you're seeing some nice momentum on system sales over the past three quarters?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yes, Paul. So I think you've kind of articulated our strategy a little bit. So material sales, I think we've got a disclosure in the Q, where it mentioned recurring revenue, which we put materials into that bucket. So material sales was, I think, roughly about a third of our revenue in the quarter. It is high-margin revenue for us. So one of our stated strategies is the continued sales of printers drives future materials revenue, and that future material revenue turns into high-margin recurring revenue. So I think you've captured it nicely how we think about the business.
Paul Chung -- JPMorgan -- Analyst
Okay. And then on the opex front, very nice leverage on the model in the first half. How do we think about the quarterly run rate kind of post divestitures in the second half? Does that opex kind of stay in the 2Q range? Or does that come down further post-divestiture?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Post-divestitures, and I have to run the math in my head, but if you think about the divestiture impact, $25 million of revenue per quarter, call it, 45% to 50% gross margins, and I think I mentioned 20 -- or $5 million to $6 million of contribution margin. So you can do the math to get the opex number associated with the divestiture. From an organic standpoint, we're going to continue to invest in opex. We are excited about our markets and our business, and Jeff talked about continuing to harden our back-office infrastructure, especially IT and finance but other areas as well. So I would expect organically that we'll increase opex, excluding divestitures on the $1 million to $2 million per quarter range.
Paul Chung -- JPMorgan -- Analyst
Thanks. And then lastly, on cash flow, a very nice start to the first half. I mean we haven't seen this level of cash from operations in a long time. As we think about component headwinds and some moving pieces from the divestitures, how do we think about kind of second half cash flow from operations? Thanks.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
So I think you'll have, obviously, divestitures taking away from cash flow. That operating income that I mentioned, there's about $0.5 million to $1 million of a depreciation associated with that. So I think you'll see working capital aside, we see a bit of that fall to the cash flow line. That will be the biggest impact in cash flow in the second half.
Paul Chung -- JPMorgan -- Analyst
Thank you.
Operator
Thank you. Our last question for today is coming from Troy Jensen of Lake Street Capital. Please go ahead.
Troy Jensen -- Lake Street Capital -- Analyst
Hey, congrats on the outstanding results gentlemen, and thanks for sneaking me in. I'll be quick.
Jeffrey A. Graves -- Chief Executive Officer and President
Thanks, Troy.
Troy Jensen -- Lake Street Capital -- Analyst
Yes. No problem, Jeff. So I guess recent chatter I've heard from industry context is that 3D Systems now exceeds carbon, carbon 3D, right, with respect to materials. I know you highlighted a couple in the PRO-BLK and the Accura. Are those the key materials that we need to be watching? And I guess what I'm asking, Jeff, is -- when I think about you guys talking about materials, I think of making this number up 180 different materials in that bucket, is there one or two that are greater than 10% of it? Are these new materials meaningful drivers? I mean, I assume it's production is going to be the answer, but if you could hit that, that would be great.
Jeffrey A. Graves -- Chief Executive Officer and President
No. Thanks, Troy. That's a thoughtful question. No, I'll tell you what, the reason I put that PRO-BLK in the script, Troy, was to give an example. Sometimes folks struggle with what does it mean to have an application focus, how does that really translate into driving development. And the reason I put that in here is that the development of that PRO-BLK came out of a discussion we were having with Toyota and -- to meet their needs. And the way at least their company pioneers a lot of technology is through the racing teams. So we launched that material with a racing team, developed and launched it with them with an eye toward expanding it into their automotive business. And so we were able to do that, and they needed a larger format part. So we've changed our development program to move it over to the SLA platform. So I thought it was a nice example to use.
I would tell you, I wouldn't read too much into that one single material. It's a great material. But we're launching -- we have a host of materials, polymer materials, photopolymers that are under development, Troy. It is a really important part of the business. And that's why we're putting a new building here in Rock Hill. We're expanding our development laboratories, and we've got new production capacity coming on from materials because, particularly in the photopolymer area, having a material for a customer is absolutely instrumental. They've -- the best printer in the world without the right material, as you know, this fails. And so you've got to have those. And our best success is when we can tie it directly to a customer application and drive our development off of that application as long as the market is big enough out there to sustain growth. So that's the model we've adopted, and it's really resonated well with the workforce and with our customers. Yes, so don't read too much into the PRO-BLK example in terms of dollars, but it should serve as an example of how we're really driving our development efforts.
Troy Jensen -- Lake Street Capital -- Analyst
Okay. That's fair. And maybe for Jagtar, could you just size up software. I'm just curious to know how big that is within kind of the systems or product revenues.
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Software is right now sub-$10 million per quarter for us, between $5 million to $10 million per quarter for us.
Troy Jensen -- Lake Street Capital -- Analyst
Is that mainly just 3DXpert?
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Yes, 3DXpert, Geomagic, 3D Sprint.
Troy Jensen -- Lake Street Capital -- Analyst
Okay. Perfect. [Speech Overlap] Go ahead.
Jeffrey A. Graves -- Chief Executive Officer and President
Troy, just to supplement what Jagtar said on software, some of the most positive feedback in the last 12 months has been around these software platforms. So we're looking to expand their use by customers. And it's -- they're wonderful tools. I don't know that we've been aggressive enough about getting out and explaining to new customers how really effective they are. So you will see an increased focus from us on software. It's a vital part of the ecosystem and it's one that I think we've got a really good foundation in that we just need to grow from.
Troy Jensen -- Lake Street Capital -- Analyst
Great. Well congrats, again, gentlemen, and look forward to seeing you wrap it here in a few weeks.
Jeffrey A. Graves -- Chief Executive Officer and President
Yes, we will, Troy. Thanks so much.
Operator
Thank you. Ladies and gentlemen, we would like to apologize for the technical difficulties experienced by participants on today's webcast. A complete archive will be available later this morning using the same link. At this time, I'd like to turn the floor back over to Mr. Graves for closing comments.
Jeffrey A. Graves -- Chief Executive Officer and President
So thank you for joining the call today and for your continued support of 3D Systems. A replay of this webcast will be available on our Investor Relations page, where you can see the supplemental charts that go through it. I appreciate the time and the interest in the company, and we look forward to talking to you again in the next quarter.
Operator
[Operator Closing Remarks]
Duration: 66 minutes
Call participants:
John Nypaver Jr. -- Vice President, Treasurer and Investor Relations
Jeffrey A. Graves -- Chief Executive Officer and President
Jagtar Narula -- Executive Vice President, Chief Financial Officer
Ananda Baruah -- Loop Capital Markets -- Analyst
Greg Palm -- Craig-Hallum -- Analyst
Sarkis Sherbetchyan -- B. Riley FBR -- Analyst
Wamsi Mohan -- Bank of America -- Analyst
Noelle Dilts -- Stifel -- Analyst
Paul Chung -- JPMorgan -- Analyst
Troy Jensen -- Lake Street Capital -- Analyst
More DDD analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems Corporation (NYSE: DDD) Q2 2021 Earnings Call Aug 10, 2021, 8:30 a.m. Operator [Operator Closing Remarks] Duration: 66 minutes Call participants: John Nypaver Jr. -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Greg Palm -- Craig-Hallum -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Wamsi Mohan -- Bank of America -- Analyst Noelle Dilts -- Stifel -- Analyst Paul Chung -- JPMorgan -- Analyst Troy Jensen -- Lake Street Capital -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. It was in this cauldron that our new 3D Systems leadership team was formed, coming together quickly to develop plans, not simply to stem the losses but to position our company to emerge from the pandemic stronger and more focused than ever, ready to capture the exciting future we saw ahead for additive manufacturing.
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Operator [Operator Closing Remarks] Duration: 66 minutes Call participants: John Nypaver Jr. -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Greg Palm -- Craig-Hallum -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Wamsi Mohan -- Bank of America -- Analyst Noelle Dilts -- Stifel -- Analyst Paul Chung -- JPMorgan -- Analyst Troy Jensen -- Lake Street Capital -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corporation (NYSE: DDD) Q2 2021 Earnings Call Aug 10, 2021, 8:30 a.m. We now move forward with strong organic growth and profitability at both the gross margin and EBITDA margin level, positive operating cash flow capable of sustaining the investments needed to meet increasing customer demand and plenty of dry powder on our balance sheet for additional growth investments.
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Operator [Operator Closing Remarks] Duration: 66 minutes Call participants: John Nypaver Jr. -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Greg Palm -- Craig-Hallum -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Wamsi Mohan -- Bank of America -- Analyst Noelle Dilts -- Stifel -- Analyst Paul Chung -- JPMorgan -- Analyst Troy Jensen -- Lake Street Capital -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corporation (NYSE: DDD) Q2 2021 Earnings Call Aug 10, 2021, 8:30 a.m. With me on the call are Dr. Jeffrey Graves, our President and Chief Executive Officer; Jagtar Narula, Executive Vice President and Chief Financial Officer; and Andrew Johnson, Executive Vice President and Chief Legal Officer.
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Operator [Operator Closing Remarks] Duration: 66 minutes Call participants: John Nypaver Jr. -- Vice President, Treasurer and Investor Relations Jeffrey A. Graves -- Chief Executive Officer and President Jagtar Narula -- Executive Vice President, Chief Financial Officer Ananda Baruah -- Loop Capital Markets -- Analyst Greg Palm -- Craig-Hallum -- Analyst Sarkis Sherbetchyan -- B. Riley FBR -- Analyst Wamsi Mohan -- Bank of America -- Analyst Noelle Dilts -- Stifel -- Analyst Paul Chung -- JPMorgan -- Analyst Troy Jensen -- Lake Street Capital -- Analyst More DDD analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. 3D Systems Corporation (NYSE: DDD) Q2 2021 Earnings Call Aug 10, 2021, 8:30 a.m. We now move forward with strong organic growth and profitability at both the gross margin and EBITDA margin level, positive operating cash flow capable of sustaining the investments needed to meet increasing customer demand and plenty of dry powder on our balance sheet for additional growth investments.
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459c6e6c-d203-41a5-b88b-ca89cc9a6a10
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716578.0
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2021-08-10 00:00:00 UTC
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3D Systems Corp. Shares Close the Day 21.5% Higher - Daily Wrap
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DDD
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https://www.nasdaq.com/articles/3d-systems-corp.-shares-close-the-day-21.5-higher-daily-wrap-2021-08-10
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3D Systems Corp. (DDD) shares closed today 21.5% higher than it did at the end of yesterday. The stock is currently up 170.5% year-to-date, up 356.5% over the past 12 months, and up 84.6% over the past five years. Today, the Dow Jones Industrial Average rose 0.4%, and the S&P 500 rose 0.1%.
Trading Activity
Shares traded as high as $29.46 and as low as $25.86 this week.
Shares closed 39.0% below its 52-week high and 648.7% above its 52-week low.
Trading volume this week was 46.6% higher than the 10-day average and 4.3% higher than the 30-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 2.4.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and lags it on a 5-year basis
The company share price beats the performance of its peers in the Industrials industry sector today, beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date beats the peer average by 1808.5%
The company's stock price performance over the past 12 months beats the peer average by 295.7%
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems Corp. (DDD) shares closed today 21.5% higher than it did at the end of yesterday. Beta, a measure of the stock’s volatility relative to the overall market stands at 2.4. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.
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3D Systems Corp. (DDD) shares closed today 21.5% higher than it did at the end of yesterday. Today, the Dow Jones Industrial Average rose 0.4%, and the S&P 500 rose 0.1%. Market Comparative Performance The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Industrials industry sector today, beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 1808.5% The company's stock price performance over the past 12 months beats the peer average by 295.7%
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3D Systems Corp. (DDD) shares closed today 21.5% higher than it did at the end of yesterday. Market Comparative Performance The company's share price beats the S&P 500 Index today, beats it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average today, beats it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Industrials industry sector today, beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 1808.5% The company's stock price performance over the past 12 months beats the peer average by 295.7% This story was produced by the Kwhen Automated News Generator.
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3D Systems Corp. (DDD) shares closed today 21.5% higher than it did at the end of yesterday. Shares closed 39.0% below its 52-week high and 648.7% above its 52-week low. Trading volume this week was 46.6% higher than the 10-day average and 4.3% higher than the 30-day average.
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901e7250-a59f-41ae-b889-a6ea4cd69697
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716579.0
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2021-08-10 00:00:00 UTC
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Why 3D Systems Stock Soared Today
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-soared-today-2021-08-10
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What happened
Shares of 3D Systems (NYSE: DDD) soared 21% on Tuesday after the 3D printing company delivered strong second-quarter financial results.
So what
3D Systems' revenue jumped 44% year over year to $162.6 million, fueled by robust growth in its healthcare segment and a rebound in its industrial business from its lows during the early stages of the pandemic.
"We believe this performance is the result of our exclusive focus on additive manufacturing, bringing together our printers, materials, and software technologies to solve specific key customer applications that drive market adoption in both healthcare and specific industrial markets, such as semiconductors, space systems, and advanced transportation systems," CEO Jeffrey Graves said in a press release.
Investors applauded 3D Systems' second-quarter growth. Image source: Getty Images.
Better still, 3D Systems' profitability improved as it scaled its revenue base and made progress with its cost-reduction initiatives. Its adjusted earnings per share, in turn, checked in at $0.12, compared to a loss of $0.13 per share in the year-ago period.
Now what
Asset sales have helped to refocus 3D Systems on it most profitable operations and bolster its cash reserves. Management now expects to end the third quarter with more than $500 million in cash and no debt, following the sale of its remaining non-core divisions.
"We believe our consistent performance, and our balance sheet, positions us well for future investment in our core business," Graves said.
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*Stock Advisor returns as of August 9, 2021
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD) soared 21% on Tuesday after the 3D printing company delivered strong second-quarter financial results. "We believe this performance is the result of our exclusive focus on additive manufacturing, bringing together our printers, materials, and software technologies to solve specific key customer applications that drive market adoption in both healthcare and specific industrial markets, such as semiconductors, space systems, and advanced transportation systems," CEO Jeffrey Graves said in a press release. Management now expects to end the third quarter with more than $500 million in cash and no debt, following the sale of its remaining non-core divisions.
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What happened Shares of 3D Systems (NYSE: DDD) soared 21% on Tuesday after the 3D printing company delivered strong second-quarter financial results. So what 3D Systems' revenue jumped 44% year over year to $162.6 million, fueled by robust growth in its healthcare segment and a rebound in its industrial business from its lows during the early stages of the pandemic. Investors applauded 3D Systems' second-quarter growth.
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What happened Shares of 3D Systems (NYSE: DDD) soared 21% on Tuesday after the 3D printing company delivered strong second-quarter financial results. "We believe this performance is the result of our exclusive focus on additive manufacturing, bringing together our printers, materials, and software technologies to solve specific key customer applications that drive market adoption in both healthcare and specific industrial markets, such as semiconductors, space systems, and advanced transportation systems," CEO Jeffrey Graves said in a press release. 10 stocks we like better than 3D Systems When our award-winning analyst team has a stock tip, it can pay to listen.
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What happened Shares of 3D Systems (NYSE: DDD) soared 21% on Tuesday after the 3D printing company delivered strong second-quarter financial results. Investors applauded 3D Systems' second-quarter growth. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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0f3948ea-0b08-4960-b846-4c420f936822
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716580.0
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2021-08-10 00:00:00 UTC
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Why Stratasys Shares Popped 10.5% on Tuesday
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DDD
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https://www.nasdaq.com/articles/why-stratasys-shares-popped-10.5-on-tuesday-2021-08-10
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What happened
Shares of 3D printing company Stratasys (NASDAQ: SSYS) jumped as much as 10.5% in trading on Tuesday, after its biggest competitor, 3D Systems (NYSE: DDD), reported earnings. This performance comes less than a week after Stratasys itself reported outstanding earnings.
So what
3D Systems' revenue was up 44%, and it earned an adjusted $0.12 per share, more than double what Wall Street analysts expected. This result follows 25% revenue growth from Stratasys and a loss of just $0.02 per share.
Image source: Getty Images.
Investors seem to be seeing a sharp improvement in the performance of 3D printing stocks overall right now. If both Stratasys and 3D Systems can grow and improve the bottom line, maybe both will be profitable growth stocks in time. The industry has had fits and starts but seems to be in a more mature place than it was a decade ago, which is helping stocks right now.
Now what
What investors will want to look for long-term is for these growth and profitability trends to continue. 3D printing companies have fought with printer prices that are falling faster than the increase in volume of sales, which has resulted in stagnating or declining revenue. If that trend reverses, it could be a good sign. I'm skeptical until we see more quarters of growth, but right now investors think the worst is behind the 3D printing industry.
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*Stock Advisor returns as of August 9, 2021
Travis Hoium has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D printing company Stratasys (NASDAQ: SSYS) jumped as much as 10.5% in trading on Tuesday, after its biggest competitor, 3D Systems (NYSE: DDD), reported earnings. So what 3D Systems' revenue was up 44%, and it earned an adjusted $0.12 per share, more than double what Wall Street analysts expected. 3D printing companies have fought with printer prices that are falling faster than the increase in volume of sales, which has resulted in stagnating or declining revenue.
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What happened Shares of 3D printing company Stratasys (NASDAQ: SSYS) jumped as much as 10.5% in trading on Tuesday, after its biggest competitor, 3D Systems (NYSE: DDD), reported earnings. If both Stratasys and 3D Systems can grow and improve the bottom line, maybe both will be profitable growth stocks in time. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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What happened Shares of 3D printing company Stratasys (NASDAQ: SSYS) jumped as much as 10.5% in trading on Tuesday, after its biggest competitor, 3D Systems (NYSE: DDD), reported earnings. If both Stratasys and 3D Systems can grow and improve the bottom line, maybe both will be profitable growth stocks in time. 10 stocks we like better than Stratasys When our award-winning analyst team has a stock tip, it can pay to listen.
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What happened Shares of 3D printing company Stratasys (NASDAQ: SSYS) jumped as much as 10.5% in trading on Tuesday, after its biggest competitor, 3D Systems (NYSE: DDD), reported earnings. This result follows 25% revenue growth from Stratasys and a loss of just $0.02 per share. Investors seem to be seeing a sharp improvement in the performance of 3D printing stocks overall right now.
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ca5f43fa-a0a1-4778-aa1f-f4f4777f6711
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716581.0
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2021-08-10 00:00:00 UTC
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Desktop Metal Earnings: What to Watch on Wednesday After the Market Close
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DDD
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https://www.nasdaq.com/articles/desktop-metal-earnings%3A-what-to-watch-on-wednesday-after-the-market-close-2021-08-10
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Desktop Metal (NYSE: DM) is slated to report its second-quarter 2021 results after the market close on Wednesday, Aug. 11. An analyst conference call is scheduled for the same day at 4:30 p.m. EDT.
This will be the 3D printing company's third quarterly report since going public in December 2020 via a reverse merger with a special purpose acquisition company (SPAC).
Investors will probably be approaching the report on a mixed note. On the positive side, 3D Systems on Monday released Q2 results that beat Wall Street expectations on both the top and bottom lines, and Stratasys did the same last week. The better-than-expected results for these two larger 3D printing companies suggest that conditions in the overall industry are improving. (That said, investors should keep in mind these are long-established companies, while Desktop Metal was founded in 2015.)
On the other hand, many investors are probably thinking this release will be a repeat of last quarter's release in a way they weren't happy about. In the first quarter, management didn't provide organic revenue growth, just total revenue growth, which includes contributions from acquisitions. Without such a metric, investors won't know how the company's core metals business performed.
In 2021 to date (Aug. 9), Desktop Metal stock is down 46.2%. 3D Systems and Stratasys stocks are up 171% and 5.8%, respectively, while the S&P 500 has returned 19% so far this year.
Image source: Getty Images.
Key numbers
Below are Wall Street's estimates and the company's results for the prior quarter to use as benchmarks. (Such a chart would typically provide year-ago results rather than prior-quarter ones, but Desktop Metal wasn't publicly traded at that time.)
METRIC
Q1 2021 RESULT
Q2 2021 WALL STREET CONSENSUS ESTIMATE
PROJECTED SEQUENTIAL CHANGE
Revenue
$11.3 million
$19.1 million
41%
Adjusted earnings per share (EPS)
$0.03
($0.09) N/A. Result expected to flip to negative from positive.
Data sources: Desktop Metal and Yahoo! Finance.
Second-quarter revenue will include a full quarter of contribution from Germany-based EnvisionTec, which Desktop Metal acquired in February. This acquisition expanded the company's 3D printing materials capabilities into categories beyond metals, including polymers and ceramics. It also launched the company into the bioprinting space.
In addition, Adaptive3D will contribute to the company's Q2 revenue. In mid-May, Desktop announced it had acquired this Texas-based company, which it described in its first-quarter earnings release as "a category leader in printable elastomers."
For some context, in the first quarter, the company's revenue surged 234% year over year to $11.3 million. This result -- which also included a contribution from EnvisionTec -- was 35% higher than in the prior quarter, the fourth quarter of 2020.
Adjusted for one-time items, Q1 net income was $7 million, or $0.03 per share, up from a loss of $20.4 million, or $0.13 per share, in the year-ago period.
P-50 launch status
CEO Ric Fulop said on last quarter'searnings callin mid-May that the company was on track to begin shipping its speedy flagship Production System P-50, which uses binder jetting technology, in the second half of this year.
Investors will probably not take well to the date of the rollout of this metal 3D printing system being pushed back.
2021 guidance
Last quarter, management reiterated the full-year outlook it had previously issued. For 2021, it expects revenue of over $100 million. It also projects it will exit the year with an annualized revenue run rate of $160 million.
Of course, any changes to this guidance either up or down could move the stock in the same direction.
10 stocks we like better than Desktop Metal, Inc.
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See the 10 stocks
*Stock Advisor returns as of August 9, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the positive side, 3D Systems on Monday released Q2 results that beat Wall Street expectations on both the top and bottom lines, and Stratasys did the same last week. In mid-May, Desktop announced it had acquired this Texas-based company, which it described in its first-quarter earnings release as "a category leader in printable elastomers." P-50 launch status CEO Ric Fulop said on last quarter'searnings callin mid-May that the company was on track to begin shipping its speedy flagship Production System P-50, which uses binder jetting technology, in the second half of this year.
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In the first quarter, management didn't provide organic revenue growth, just total revenue growth, which includes contributions from acquisitions. Revenue $11.3 million $19.1 million 41% Adjusted earnings per share (EPS) $0.03 ($0.09) N/A. Second-quarter revenue will include a full quarter of contribution from Germany-based EnvisionTec, which Desktop Metal acquired in February.
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For some context, in the first quarter, the company's revenue surged 234% year over year to $11.3 million. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Desktop Metal, Inc. wasn't one of them! See the 10 stocks *Stock Advisor returns as of August 9, 2021 Beth McKenna has no position in any of the stocks mentioned.
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In 2021 to date (Aug. 9), Desktop Metal stock is down 46.2%. 10 stocks we like better than Desktop Metal, Inc. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Desktop Metal, Inc. wasn't one of them!
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09e7d73a-e9c5-4424-b250-552c12150c97
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716582.0
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2021-08-10 00:00:00 UTC
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Technology Sector Update for 08/10/2021: KPLT, API, DDD, XLK, SOXX
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-08-10-2021%3A-kplt-api-ddd-xlk-soxx-2021-08-10
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nan
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Technology stocks were advancing premarket Tuesday. The Technology Select Sector SPDR ETF (XLK) was up 0.11% and the Semiconductor Sector Index Fund (SOXX) was 0.27% higher in recent trading.
Katapult Holdings (KPLT) was retreating past 37% as it booked a Q2 net loss of $0.17 per diluted share, compared with a gain of $0.09 a year ago.
Agora (API) was down more than 4% after it reported Tuesday a Q2 net loss of $0.14 per American depositary share, compared with a loss of $4.60 a year earlier.
3D Systems (DDD) was gaining more than 12%. The company late Monday posted an adjusted diluted EPS of $0.12 in Q2, compared with an adjusted loss of $0.13 a year earlier. The result blew past analyst estimates of $0.05 EPS in a Capital IQ survey.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) was gaining more than 12%. The Technology Select Sector SPDR ETF (XLK) was up 0.11% and the Semiconductor Sector Index Fund (SOXX) was 0.27% higher in recent trading. Katapult Holdings (KPLT) was retreating past 37% as it booked a Q2 net loss of $0.17 per diluted share, compared with a gain of $0.09 a year ago.
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3D Systems (DDD) was gaining more than 12%. Katapult Holdings (KPLT) was retreating past 37% as it booked a Q2 net loss of $0.17 per diluted share, compared with a gain of $0.09 a year ago. Agora (API) was down more than 4% after it reported Tuesday a Q2 net loss of $0.14 per American depositary share, compared with a loss of $4.60 a year earlier.
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3D Systems (DDD) was gaining more than 12%. Katapult Holdings (KPLT) was retreating past 37% as it booked a Q2 net loss of $0.17 per diluted share, compared with a gain of $0.09 a year ago. Agora (API) was down more than 4% after it reported Tuesday a Q2 net loss of $0.14 per American depositary share, compared with a loss of $4.60 a year earlier.
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3D Systems (DDD) was gaining more than 12%. Technology stocks were advancing premarket Tuesday. The Technology Select Sector SPDR ETF (XLK) was up 0.11% and the Semiconductor Sector Index Fund (SOXX) was 0.27% higher in recent trading.
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46ae32c7-f394-44e5-8f97-98a521438202
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716583.0
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2021-08-10 00:00:00 UTC
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3D Systems Stock Surges After Earnings Crush Expectations
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DDD
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https://www.nasdaq.com/articles/3d-systems-stock-surges-after-earnings-crush-expectations-2021-08-10
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3D Systems (NYSE: DDD) reported second-quarter 2021 results after the market close on Monday, Aug. 9, that delighted investors.
Shares of the 3D printing company soared 12.6% in Monday's after-hours trading session. As with last quarter, the market's positive reaction is largely attributable to adjusted earnings and revenue speeding by the Wall Street consensus estimates.
Guidance wasn't likely a factor in the stock's move in after-hours trading on Monday. In the earnings release, the company reiterated its prior outlook for its full-year 2021 adjusted gross margin to range from 40% to 44%, but didn't provide any additional guidance. It's possible management might provide some color on its outlook during the analystearnings call scheduled for Tuesday at 8:30 a.m. EDT.
Image source: Getty Images.
3D Systems' key numbers
METRIC Q2 2021 Q2 2020
CHANGE
Revenue $162.6 million $112.8 million
44% (59%, excluding businesses divested in 2020 and 2021)
GAAP operating income ($10.1 million) ($33.9 million) N/A. Loss narrowed 70%.
Adjusted operating income $13.8 million ($10.8 million)
N/A. Result flipped to positive from negative.
GAAP net income ($9.6 million) ($38.0 million) N/A. Loss narrowed 75%.
Adjusted net income $14.2 million ($15.1 million) N/A. Result flipped to positive from negative.
GAAP earnings per share (EPS) ($0.08) ($0.33) N/A. Loss narrowed 76%.
Adjusted EPS $0.12 ($0.13) N/A. Result flipped to positive from negative.
Data source: 3D Systems. GAAP = generally accepted accounting principles.
Wall Street was looking for adjusted EPS of $0.05 on revenue of $143.3 million, as outlined in my earnings preview. So, the company left both expectations in the dust.
3D Systems had easy comparables because the COVID-19 pandemic significantly hurt its results in the year-ago period, as many companies in the industrial sector were temporarily closed and paused their ordering. Even taking this into account, results were solid. Adjusted for divestitures, second-quarter revenue was 11% higher than two years ago (Q2 2019), or before the pandemic.
The company generated cash from operations of $13.5 million, and ended the period with cash of $131.8 million and no debt. It expects to have cash of over $500 million following the anticipated third-quarter closings of its deals "to sell its remaining non-core assets," it said in the earnings release. It's selling its on-demand parts business, which uses various digital manufacturing methods, and Simbionix, a medical simulation business.
GAAP gross margin was 42.4%, up from 31.2% in the year-ago period. Adjusted gross margin also landed at 42.4%, up from 41% in the second quarter of last year.
For context, in the first quarter, 3D Systems' revenue rose 7.7% year over year (and 17% excluding the impact of divestitures) to $146.1 million, topping the $136.4 million the Street expected. Adjusted EPS was $0.17 per share, up from a loss of $0.04 per share in the year-ago period, and much higher than the $0.02 that analysts had been anticipating.
Segment results
SEGMENT Q2 2021 REVENUE CHANGE (YOY)
Healthcare $82.8 million 69%
Industrial $79.7 million 25% (50%, excluding divested businesses)
Total $162.6 million 44% (59%, excluding divested businesses)
Data source: 3D Systems. YOY = year over year.
Revenue in both segments also increased sequentially. Healthcare and industrial sales were up 14% and 8.3%, respectively, from the first quarter.
The healthcare segment's revenue "increase from last quarter included double-digit growth in medical applications, as well as strong demand for dental materials," the company said in the release.
What management had to say
Here's part of CEO Jeffrey Graves' statement in the earnings release.
Our second-quarter performance reflected continued positive momentum, with results that greatly surpassed those of a year ago from both a revenue and profitability perspective. Perhaps even more importantly, we also saw double-digit revenue growth on a consecutive quarter basis, an important indicator of the momentum we are now experiencing. Further evidence of our momentum is our results versus our 2019 pre-COVID second-quarter performance. We were pleased to deliver over 11% organic revenue growth against the second-quarter 2019 results, which in this case means exclusive of businesses we have divested, along with a dramatic improvement in profitability.
A good quarter
3D Systems turned in a good quarter, which indicates its turnaround efforts are on track. Investors should be pleased, but keep in mind the company remains unprofitable from a GAAP standpoint.
Investors should learn more on Tuesday when the company holds its analyst conference call at 8:30 a.m. EDT.
10 stocks we like better than 3D Systems
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of August 9, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) reported second-quarter 2021 results after the market close on Monday, Aug. 9, that delighted investors. 3D Systems had easy comparables because the COVID-19 pandemic significantly hurt its results in the year-ago period, as many companies in the industrial sector were temporarily closed and paused their ordering. The healthcare segment's revenue "increase from last quarter included double-digit growth in medical applications, as well as strong demand for dental materials," the company said in the release.
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3D Systems (NYSE: DDD) reported second-quarter 2021 results after the market close on Monday, Aug. 9, that delighted investors. Revenue $162.6 million $112.8 million 44% (59%, excluding businesses divested in 2020 and 2021) GAAP operating income ($10.1 million) ($33.9 million) N/A. For context, in the first quarter, 3D Systems' revenue rose 7.7% year over year (and 17% excluding the impact of divestitures) to $146.1 million, topping the $136.4 million the Street expected.
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3D Systems (NYSE: DDD) reported second-quarter 2021 results after the market close on Monday, Aug. 9, that delighted investors. Revenue $162.6 million $112.8 million 44% (59%, excluding businesses divested in 2020 and 2021) GAAP operating income ($10.1 million) ($33.9 million) N/A. For context, in the first quarter, 3D Systems' revenue rose 7.7% year over year (and 17% excluding the impact of divestitures) to $146.1 million, topping the $136.4 million the Street expected.
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3D Systems (NYSE: DDD) reported second-quarter 2021 results after the market close on Monday, Aug. 9, that delighted investors. Adjusted gross margin also landed at 42.4%, up from 41% in the second quarter of last year. For context, in the first quarter, 3D Systems' revenue rose 7.7% year over year (and 17% excluding the impact of divestitures) to $146.1 million, topping the $136.4 million the Street expected.
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f2375422-f14c-45eb-a24b-9ab8b6e82d39
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716584.0
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2021-08-10 00:00:00 UTC
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Pre-market Movers: DYNT, ARCT, BHTG, MILE, SDC…
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DDD
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https://www.nasdaq.com/articles/pre-market-movers%3A-dynt-arct-bhtg-mile-sdc...-2021-08-10
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(RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 5.25 A.M. EDT).
In the Green
Dynatronics Corporation (DYNT) is up over 36% at $1.78
Arcturus Therapeutics Holdings Inc. (ARCT) is up over 36% at $65.95
BioHiTech Global, Inc. (BHTG) is up over 18% at $1.68
Fisker Inc. (FSR) is up over 13% at $17.04
3D Systems Corporation (DDD) is up over 11.08% at $31.49
AMC Entertainment Holdings, Inc. (AMC) is up over 9% at $36.89
In the Red
Metromile Inc. (MILE) is down over 17% at $5.72
SmileDirectClub, Inc. (SDC) is down over 15% at $5.64
Washington Prime Group Inc. (WPG) is down over 14% at $1.44
Waitr Holdings Inc. (WTRH) is down over 11% at $1.40
Aptinyx Inc. (APTX) is down over 8% at $2.36
Senseonics Holdings, Inc. (SENS) is down over 8% at $2.97
Vuzix Corporation (VUZI) is down over 8% at $12.53
Orbsat Corp. (OSAT) is down over 4% at $5.98
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the Green Dynatronics Corporation (DYNT) is up over 36% at $1.78 Arcturus Therapeutics Holdings Inc. (ARCT) is up over 36% at $65.95 BioHiTech Global, Inc. (BHTG) is up over 18% at $1.68 Fisker Inc. (FSR) is up over 13% at $17.04 3D Systems Corporation (DDD) is up over 11.08% at $31.49 AMC Entertainment Holdings, Inc. (AMC) is up over 9% at $36.89 In the Red Metromile Inc. (MILE) is down over 17% at $5.72 SmileDirectClub, Inc. (SDC) is down over 15% at $5.64 Washington Prime Group Inc. (WPG) is down over 14% at $1.44 Waitr Holdings Inc. (WTRH) is down over 11% at $1.40 Aptinyx Inc. (APTX) is down over 8% at $2.36 Senseonics Holdings, Inc. (SENS) is down over 8% at $2.97 Vuzix Corporation (VUZI) is down over 8% at $12.53 Orbsat Corp. (OSAT) is down over 4% at $5.98 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 5.25 A.M. EDT).
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In the Green Dynatronics Corporation (DYNT) is up over 36% at $1.78 Arcturus Therapeutics Holdings Inc. (ARCT) is up over 36% at $65.95 BioHiTech Global, Inc. (BHTG) is up over 18% at $1.68 Fisker Inc. (FSR) is up over 13% at $17.04 3D Systems Corporation (DDD) is up over 11.08% at $31.49 AMC Entertainment Holdings, Inc. (AMC) is up over 9% at $36.89 In the Red Metromile Inc. (MILE) is down over 17% at $5.72 SmileDirectClub, Inc. (SDC) is down over 15% at $5.64 Washington Prime Group Inc. (WPG) is down over 14% at $1.44 Waitr Holdings Inc. (WTRH) is down over 11% at $1.40 Aptinyx Inc. (APTX) is down over 8% at $2.36 Senseonics Holdings, Inc. (SENS) is down over 8% at $2.97 Vuzix Corporation (VUZI) is down over 8% at $12.53 Orbsat Corp. (OSAT) is down over 4% at $5.98 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 5.25 A.M. EDT).
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In the Green Dynatronics Corporation (DYNT) is up over 36% at $1.78 Arcturus Therapeutics Holdings Inc. (ARCT) is up over 36% at $65.95 BioHiTech Global, Inc. (BHTG) is up over 18% at $1.68 Fisker Inc. (FSR) is up over 13% at $17.04 3D Systems Corporation (DDD) is up over 11.08% at $31.49 AMC Entertainment Holdings, Inc. (AMC) is up over 9% at $36.89 In the Red Metromile Inc. (MILE) is down over 17% at $5.72 SmileDirectClub, Inc. (SDC) is down over 15% at $5.64 Washington Prime Group Inc. (WPG) is down over 14% at $1.44 Waitr Holdings Inc. (WTRH) is down over 11% at $1.40 Aptinyx Inc. (APTX) is down over 8% at $2.36 Senseonics Holdings, Inc. (SENS) is down over 8% at $2.97 Vuzix Corporation (VUZI) is down over 8% at $12.53 Orbsat Corp. (OSAT) is down over 4% at $5.98 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 5.25 A.M. EDT).
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In the Green Dynatronics Corporation (DYNT) is up over 36% at $1.78 Arcturus Therapeutics Holdings Inc. (ARCT) is up over 36% at $65.95 BioHiTech Global, Inc. (BHTG) is up over 18% at $1.68 Fisker Inc. (FSR) is up over 13% at $17.04 3D Systems Corporation (DDD) is up over 11.08% at $31.49 AMC Entertainment Holdings, Inc. (AMC) is up over 9% at $36.89 In the Red Metromile Inc. (MILE) is down over 17% at $5.72 SmileDirectClub, Inc. (SDC) is down over 15% at $5.64 Washington Prime Group Inc. (WPG) is down over 14% at $1.44 Waitr Holdings Inc. (WTRH) is down over 11% at $1.40 Aptinyx Inc. (APTX) is down over 8% at $2.36 Senseonics Holdings, Inc. (SENS) is down over 8% at $2.97 Vuzix Corporation (VUZI) is down over 8% at $12.53 Orbsat Corp. (OSAT) is down over 4% at $5.98 The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (RTTNews) - The following are some of the stocks making big moves in Tuesday's pre-market trading (as of 5.25 A.M. EDT).
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e0ae505f-cf49-413e-b4c1-5cd232301703
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716585.0
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2021-08-10 00:00:00 UTC
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Technology Sector Update for 08/10/2021: SQSP, APPF, DDD
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DDD
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https://www.nasdaq.com/articles/technology-sector-update-for-08-10-2021%3A-sqsp-appf-ddd-2021-08-10
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Technology stocks have turned sharply lower, with the SPDR Technology Select Sector ETF (XLK) Tuesday sinking 0.8% while the Philadelphia Semiconductor Index was falling 1.1% this afternoon.
In company news, Squarespace (SQSP) fell 8.7% after reporting a surprise Q2 net loss of $3.22 per share, reversing a $0.13 per share profit during the same quarter last year and missing the Capital IQ consensus expecting the business software firm to earn $0.02 per share during the three months ended June 30.
AppFolio (APPF) slid 6.5% after the business software firm late Monday saw its Q2 profit narrow to $0.06 per diluted compared with net income of $0.54 per share during the year-ago period and lagging Street views looking for $0.10 per share in Q2 earnings. Revenue grew 9.9% over year-ago levels to $89 million, against the $89.2 million consensus call.
To the upside, 3D Systems (DDD) streaked more than 37% higher after the 3-D printer company reported non-GAAP Q2 net income of $0.12 per share, reversing a $0.13 per share adjusted net loss during the same quarter last year and blowing past the Capital IQ consensus by $0.05 per share. Revenue grew 44.5% year-over-year to $162.6 million, also exceeding the $143.3 million analyst mean.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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To the upside, 3D Systems (DDD) streaked more than 37% higher after the 3-D printer company reported non-GAAP Q2 net income of $0.12 per share, reversing a $0.13 per share adjusted net loss during the same quarter last year and blowing past the Capital IQ consensus by $0.05 per share. Technology stocks have turned sharply lower, with the SPDR Technology Select Sector ETF (XLK) Tuesday sinking 0.8% while the Philadelphia Semiconductor Index was falling 1.1% this afternoon. In company news, Squarespace (SQSP) fell 8.7% after reporting a surprise Q2 net loss of $3.22 per share, reversing a $0.13 per share profit during the same quarter last year and missing the Capital IQ consensus expecting the business software firm to earn $0.02 per share during the three months ended June 30.
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To the upside, 3D Systems (DDD) streaked more than 37% higher after the 3-D printer company reported non-GAAP Q2 net income of $0.12 per share, reversing a $0.13 per share adjusted net loss during the same quarter last year and blowing past the Capital IQ consensus by $0.05 per share. In company news, Squarespace (SQSP) fell 8.7% after reporting a surprise Q2 net loss of $3.22 per share, reversing a $0.13 per share profit during the same quarter last year and missing the Capital IQ consensus expecting the business software firm to earn $0.02 per share during the three months ended June 30. Revenue grew 9.9% over year-ago levels to $89 million, against the $89.2 million consensus call.
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To the upside, 3D Systems (DDD) streaked more than 37% higher after the 3-D printer company reported non-GAAP Q2 net income of $0.12 per share, reversing a $0.13 per share adjusted net loss during the same quarter last year and blowing past the Capital IQ consensus by $0.05 per share. In company news, Squarespace (SQSP) fell 8.7% after reporting a surprise Q2 net loss of $3.22 per share, reversing a $0.13 per share profit during the same quarter last year and missing the Capital IQ consensus expecting the business software firm to earn $0.02 per share during the three months ended June 30. AppFolio (APPF) slid 6.5% after the business software firm late Monday saw its Q2 profit narrow to $0.06 per diluted compared with net income of $0.54 per share during the year-ago period and lagging Street views looking for $0.10 per share in Q2 earnings.
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To the upside, 3D Systems (DDD) streaked more than 37% higher after the 3-D printer company reported non-GAAP Q2 net income of $0.12 per share, reversing a $0.13 per share adjusted net loss during the same quarter last year and blowing past the Capital IQ consensus by $0.05 per share. Technology stocks have turned sharply lower, with the SPDR Technology Select Sector ETF (XLK) Tuesday sinking 0.8% while the Philadelphia Semiconductor Index was falling 1.1% this afternoon. In company news, Squarespace (SQSP) fell 8.7% after reporting a surprise Q2 net loss of $3.22 per share, reversing a $0.13 per share profit during the same quarter last year and missing the Capital IQ consensus expecting the business software firm to earn $0.02 per share during the three months ended June 30.
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1c8985bb-554c-4e18-8f83-646c9e0b3fbd
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716586.0
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2021-08-08 00:00:00 UTC
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The Fourth Industrial Revolution Has Arrived. Here’s How to Play It.
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DDD
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https://www.nasdaq.com/articles/the-fourth-industrial-revolution-has-arrived.-heres-how-to-play-it.-2021-08-08-0
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Technology isn’t stagnant. It’s always evolving. Throughout history, we’ve seen that when technology evolves particularly fast, the world undergoes a mass, disruptive makeover that historians like to call “Industrial Revolutions.”
Source: Shutterstock
The First Industrial Revolution happened about 255 years ago – in the late 1700s – when humans learned how to harness the power of steam to mechanize the production of physical items.
About a century later, the Second Industrial Revolution began, when humans learned about electricity, gas, and oil. We then leveraged these newfound powers to unlock a novel era of transportation and mass production.
Then, another century later, the Third Industrial Revolution began, when digital machines like computers, cellphones, and TVs emerged.
Each time an Industrial Revolution happens, the world changes. Forever. And in that change, old technologies fall by the wayside, while new technologies become ubiquitous and help define a better, more efficient future.
Right now, we are in the midst of a Fourth Industrial Revolution.
The New Industrial Revolution
It’s a world-changing shift toward automated, hyper-connected, hyper-efficient, and – in some cases – decentralized factories, enabled by breakthrough advancements in Big Data, IoT, and cloud computing.
In essence, we are pivoting from a world with a few huge factories that run on old machines and utilize human labor, toward a world with multiple smaller factories that run on smart, internet-connected machines and utilize automated technologies and software.
It’s an enormous shift.
Perhaps obviously – and much like previous Industrial Revolutions – this shift toward Industry 4.0 will spark significant disruption across the world’s supply chain.
And… as longtime readers know… where there’s disruption, there’s opportunity.
One of the biggest opportunities in the Fourth Industrial Revolution? 3D printing.
You heard that right. 3D printing. The industry that was hyped up back in 2013 as a novel concept that would take over the world as everyone replaced their 2D printers with 3D printers and turned their homes into “mini-factories.”
Of course, that didn’t happen.
The reality is that “additive manufacturing” (or “AM,” as industry insiders like to call it) is a complex, costly, laborious, and time-consuming process that most consumers have no use for in their homes.
To that end, the hype surrounding 3D printing has fizzled out over the past several years, and AM stocks have been some of the biggest busts on Wall Street.
But… over the past few years… additive manufacturing has quietly emerged as a core technological component of Industry 4.0.
Here’s the story.
The first generation of industrial AM machines were glacially slow, exorbitantly expensive, and incredibly niche. That’s because they could only print in plastic and therefore could only be deployed for product prototyping.
These machines, however, have made huge advancements in terms of cost, speed, and ability since 2013. Today, they are capable of quickly – and cost-effectively – mass-producing metal end-use parts on the factory floor.
That’s huge. That means 3D printers can now be integrated into assembly lines.
But why would a company do that?
Because the emergence of Industry 4.0 has raised the standard for customization and automation in the world’s supply chains. That is, tomorrow’s supply chains will need to be automated (to save on labor costs) and need to be able to produce customized parts (to meet growing consumer demand for custom products).
As it turns out, AM is particularly good at customization and automation. You can make any design you want in a software program, send it to the 3D printer, and the printer can produce that design – all without needing any human labor on the manufacturing side.
The Big Shift
That represents a paradigm shift from current manufacturing processes, wherein entire assembly lines have been constructed to efficiently build the same thing over and over again. Modifying those assembly lines to create something different or specialized is a labor- and time-intensive process.
As such, companies aren’t going to do that. Instead, they’re going to rejig their assembly lines over the next few years to include metal AM machines alongside CNC machines and casts to create a hyperefficient manufacturing process than can cost-effectively mass-produce anything.
Insiders are calling this the emergence of the Additive Manufacturing 2.0 era, and it’s expected to grow the AM market by more than 1,000%! So, from $12 billion today to nearly $150 BILLION by the end of the decade.
A few exciting companies are at the forefront of this emerging hypergrowth megatrend.
And, in just a few days, I’m going to highlight one of my favorites in this space in my ultra-exclusiveinvestment researchadvisory The Daily 10X Stock Report.
For those who are unaware, The Daily 10X is my ultra-exclusive research advisory service dedicated to picking one explosive, hypergrowth stock pick, every single the day stock market is open, with the potential to soar 10X in value.
I started this service just over a year ago – and in that short time, I’ve already scored my readers nearly 100 triple-digit winners and 6 different stocks that have soared 10X or more in value.
This coming week, I’m going to unveil one of my favorite 3D printing stocks to buy that also doubles as a 10X investment opportunity.
Trust me. This is a pick you don’t want to miss.
Click here to gain access.
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.
By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. It’s how his Daily 10X Report has averaged up to a ridiculous 100% return across all recommendations since launching last May. Click here to see how he does it.
The post The Fourth Industrial Revolution Has Arrived. Here’s How to Play It. appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The New Industrial Revolution It’s a world-changing shift toward automated, hyper-connected, hyper-efficient, and – in some cases – decentralized factories, enabled by breakthrough advancements in Big Data, IoT, and cloud computing. The reality is that “additive manufacturing” (or “AM,” as industry insiders like to call it) is a complex, costly, laborious, and time-consuming process that most consumers have no use for in their homes. I started this service just over a year ago – and in that short time, I’ve already scored my readers nearly 100 triple-digit winners and 6 different stocks that have soared 10X or more in value.
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In essence, we are pivoting from a world with a few huge factories that run on old machines and utilize human labor, toward a world with multiple smaller factories that run on smart, internet-connected machines and utilize automated technologies and software. That is, tomorrow’s supply chains will need to be automated (to save on labor costs) and need to be able to produce customized parts (to meet growing consumer demand for custom products). For those who are unaware, The Daily 10X is my ultra-exclusive research advisory service dedicated to picking one explosive, hypergrowth stock pick, every single the day stock market is open, with the potential to soar 10X in value.
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Throughout history, we’ve seen that when technology evolves particularly fast, the world undergoes a mass, disruptive makeover that historians like to call “Industrial Revolutions.” Source: Shutterstock The First Industrial Revolution happened about 255 years ago – in the late 1700s – when humans learned how to harness the power of steam to mechanize the production of physical items. In essence, we are pivoting from a world with a few huge factories that run on old machines and utilize human labor, toward a world with multiple smaller factories that run on smart, internet-connected machines and utilize automated technologies and software. Perhaps obviously – and much like previous Industrial Revolutions – this shift toward Industry 4.0 will spark significant disruption across the world’s supply chain.
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Each time an Industrial Revolution happens, the world changes. Perhaps obviously – and much like previous Industrial Revolutions – this shift toward Industry 4.0 will spark significant disruption across the world’s supply chain. One of the biggest opportunities in the Fourth Industrial Revolution?
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880c8a03-be19-40a6-96f9-922b49751760
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716587.0
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2021-07-27 00:00:00 UTC
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Notable Two Hundred Day Moving Average Cross - DDD
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DDD
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https://www.nasdaq.com/articles/notable-two-hundred-day-moving-average-cross-ddd-2021-07-27
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nan
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nan
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In trading on Tuesday, shares of 3D Systems Corp. (Symbol: DDD) crossed below their 200 day moving average of $23.44, changing hands as low as $23.32 per share. 3D Systems Corp. shares are currently trading off about 5.3% on the day. The chart below shows the one year performance of DDD shares, versus its 200 day moving average:
Looking at the chart above, DDD's low point in its 52 week range is $4.60 per share, with $56.50 as the 52 week high point — that compares with a last trade of $23.41.
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of 3D Systems Corp. (Symbol: DDD) crossed below their 200 day moving average of $23.44, changing hands as low as $23.32 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $4.60 per share, with $56.50 as the 52 week high point — that compares with a last trade of $23.41. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of 3D Systems Corp. (Symbol: DDD) crossed below their 200 day moving average of $23.44, changing hands as low as $23.32 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $4.60 per share, with $56.50 as the 52 week high point — that compares with a last trade of $23.41. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of 3D Systems Corp. (Symbol: DDD) crossed below their 200 day moving average of $23.44, changing hands as low as $23.32 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $4.60 per share, with $56.50 as the 52 week high point — that compares with a last trade of $23.41. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Tuesday, shares of 3D Systems Corp. (Symbol: DDD) crossed below their 200 day moving average of $23.44, changing hands as low as $23.32 per share. The chart below shows the one year performance of DDD shares, versus its 200 day moving average: Looking at the chart above, DDD's low point in its 52 week range is $4.60 per share, with $56.50 as the 52 week high point — that compares with a last trade of $23.41. 3D Systems Corp. shares are currently trading off about 5.3% on the day.
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b71c32bc-6728-4c4e-a6f9-eae23a4ee7b1
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716588.0
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2021-07-19 00:00:00 UTC
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Should Average Investors Buy Nano Dimension?
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DDD
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https://www.nasdaq.com/articles/should-average-investors-buy-nano-dimension-2021-07-19
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The last time I wrote about the Israeli 3D printer Nano Dimension (NASDAQ:NNDM) was in early April. I was intrigued about the company because two of Ark Invest’s ETFs owned NNDM stock.
Source: Spyro the Dragon / Shutterstock.com
Fast forward to mid-July. Ark Invest Chief Executive Officer and portfolio manager Cathie Wood has added to her positions.
In the case of Ark Next Generation Internet ETF (NYSEARCA:ARKW), it’s added more than two million shares of NNDM stock. As for the Ark Autonomous Technology and Robotics ETF (NYSEARCA:ARKQ), the star portfolio manager’s upped the fund’s stake to 7.64 million shares as of July 13, up from 6.9 million at the end of March.
More importantly, its position in the fund has improved four spots to the 17th spot.
If it cracks the top 10, look out above.
Wood likes Nano Dimension’s future potential. But does that mean average investors should buy NNDM stock? Yes and no.
You Sure Should Buy NNDM Stock
When I wrote about Nano Dimension at the beginning of April, it had been on one heck of a roller-coaster ride early in 2021.
First, it jumped out of the gate in January, gaining 51%, closing the month at $13.74. Then, in February, it gave most of its gains back, losing 29% on the month. Finally, it lost another 13% in March and was trading below where it ended in 2020.
“On a scale of one to 10, with one being little risk and 10 being a lot, I’d say Nano Dimension is a solid six. I’d be hesitant to put something like that in a tax-advantaged account unless it was part of an ETF such as ARKQ,” I wrote on April 1. “If you do buy, I like Hake’s [InvestorPlace contributor Mark Hake] suggestion to buy between $6 and $7. Just be ready for a lot of volatility.”
Since those fateful words, NNDM has traded between $6 and $7 on two occasions. The first was on April 19, when it closed at $6.64. The second was a much longer run, trading in this range for 16 consecutive days in May, including dropping as low as $5.39 on May 13.
As I write this, it’s down into the $6s for the third time since April 1. So now might be an excellent time to buy its stock.
That’s because market conditions appear to be improving as Covid-19 restrictions are relaxed across the globe.
“As Nano Dimension CEO Yoav Stern explains, his company is ‘very focused on building our sales and marketing organizations in the U.S., Europe and Asia so that we are prepared to ramp our sales efforts as pandemic-related restrictions are lifted,’” InvestorPlace’s Louis Navellier wrote on June 7.
My colleague pointed out that Nano Dimension was flush with $1.47 billion in cash as of the end of March. However, the company had an operating loss of $35.7 million in 2020 from $3.4 million in sales. That’s $10.50 in operating losses for every dollar in sales.
If this loss rate were sustained for the remainder of 2021 and 2022, it would have to generate $140 million in sales to fritter away all of its cash. That’s not going to happen.
For this reason, the speculative bet is looking good at current prices. It makes sense to put aside some cash should it fall below $6 as it did in May.
The Downside to Owning NNDM
If you look at the holdings of ARKQ, you will see that 3D Systems (NYSE:DDD) is the ETFs 10th-largest holding with a weighting of 2.86%, 103 basis points greater than Nano Dimension.
A portfolio manager’s top ideas are often those in the top 10. The manufacturer of 3D printers makes Wood’s top 10. So, it is another possible option. But, like NNDM, DDD is losing money. That said, 3D Systems had substantial revenues in 2020 –$557.24 million – making it a far more mature company than Nano Dimension.
3D Systems currently trades at 6.6x sales. By comparison, NNDM trades at 505x sales.
If it were me, I’d buy ARKQ to capture Nano Dimension’s potential while reducing the company-specific risk. Unfortunately, Nano Dimension still needs to prove it can generate meaningful sales. We won’t know the answer until well into 2022.
Wood’s fund owns 46 stocks in ARKQ. Many of them are large businesses with significant profits to protect against the money losers like NNDM.
I’m not sure you ought to be in a rush to buy its stock. If you must buy, for now, do not pay more than $7.
On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Will Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities.
The post Should Average Investors Buy Nano Dimension? appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Downside to Owning NNDM If you look at the holdings of ARKQ, you will see that 3D Systems (NYSE:DDD) is the ETFs 10th-largest holding with a weighting of 2.86%, 103 basis points greater than Nano Dimension. But, like NNDM, DDD is losing money. Ark Invest Chief Executive Officer and portfolio manager Cathie Wood has added to her positions.
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The Downside to Owning NNDM If you look at the holdings of ARKQ, you will see that 3D Systems (NYSE:DDD) is the ETFs 10th-largest holding with a weighting of 2.86%, 103 basis points greater than Nano Dimension. But, like NNDM, DDD is losing money. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The last time I wrote about the Israeli 3D printer Nano Dimension (NASDAQ:NNDM) was in early April.
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The Downside to Owning NNDM If you look at the holdings of ARKQ, you will see that 3D Systems (NYSE:DDD) is the ETFs 10th-largest holding with a weighting of 2.86%, 103 basis points greater than Nano Dimension. But, like NNDM, DDD is losing money. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The last time I wrote about the Israeli 3D printer Nano Dimension (NASDAQ:NNDM) was in early April.
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The Downside to Owning NNDM If you look at the holdings of ARKQ, you will see that 3D Systems (NYSE:DDD) is the ETFs 10th-largest holding with a weighting of 2.86%, 103 basis points greater than Nano Dimension. But, like NNDM, DDD is losing money. InvestorPlace - Stock Market News, Stock Advice & Trading Tips The last time I wrote about the Israeli 3D printer Nano Dimension (NASDAQ:NNDM) was in early April.
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1d9254ed-9368-46d3-b264-7dd3805bbac8
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716589.0
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2021-07-17 00:00:00 UTC
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When Should You Buy 3D Systems Corporation (NYSE:DDD)?
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DDD
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https://www.nasdaq.com/articles/when-should-you-buy-3d-systems-corporation-nyse%3Addd-2021-07-17
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nan
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nan
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3D Systems Corporation (NYSE:DDD), is not the largest company out there, but it led the NYSE gainers with a relatively large price hike in the past couple of weeks. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, what if the stock is still a bargain? Today I will analyse the most recent data on 3D Systems’s outlook and valuation to see if the opportunity still exists.
What is 3D Systems worth?
The stock is currently trading at US$25.30 on the share market, which means it is overvalued by 36% compared to my intrinsic value of $18.62. This means that the buying opportunity has probably disappeared for now. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Given that 3D Systems’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
Can we expect growth from 3D Systems?
NYSE:DDD Earnings and Revenue Growth July 17th 2021
Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. 3D Systems' revenue growth are expected to be in the teens in the upcoming years, indicating a solid future ahead. Unless expenses grow at the same level, or higher, this top-line growth should lead to robust cash flows, feeding into a higher share value.
What this means for you:
Are you a shareholder? DDD’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. However, this brings up another question – is now the right time to sell? If you believe DDD should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
Are you a potential investor? If you’ve been keeping an eye on DDD for a while, now may not be the best time to enter into the stock. The price has surpassed its true value, which means there’s no upside from mispricing. However, the optimistic prospect is encouraging for DDD, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop.
Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. At Simply Wall St, we found 3 warning signs for 3D Systems and we think they deserve your attention.
If you are no longer interested in 3D Systems, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the optimistic prospect is encouraging for DDD, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop. 3D Systems Corporation (NYSE:DDD), is not the largest company out there, but it led the NYSE gainers with a relatively large price hike in the past couple of weeks. NYSE:DDD Earnings and Revenue Growth July 17th 2021 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio.
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DDD’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. If you believe DDD should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. 3D Systems Corporation (NYSE:DDD), is not the largest company out there, but it led the NYSE gainers with a relatively large price hike in the past couple of weeks.
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NYSE:DDD Earnings and Revenue Growth July 17th 2021 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. 3D Systems Corporation (NYSE:DDD), is not the largest company out there, but it led the NYSE gainers with a relatively large price hike in the past couple of weeks. DDD’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value.
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DDD’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. 3D Systems Corporation (NYSE:DDD), is not the largest company out there, but it led the NYSE gainers with a relatively large price hike in the past couple of weeks. NYSE:DDD Earnings and Revenue Growth July 17th 2021 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio.
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0184a50b-bbbf-44db-b7c5-8ab8a0567b37
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716590.0
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2021-07-16 00:00:00 UTC
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Why 3D Systems Stock Is Plummeting This Week
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-is-plummeting-this-week-2021-07-16
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nan
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nan
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What happened
Shares of 3D Systems (NYSE: DDD), a 3D printing company, tumbled more than 23% this week on seemingly no company-related news. Shares of the tech stock likely fell because one of 3D Systems' rivals made an acquisition that could strengthen its competitive position.
So what
On Monday, Desktop Metal, another 3D printing company, said that it had acquired the Belgium-based company Aerosint, which has developed a proprietary way to layer multiple materials in the 3D printing process.
Image source: Getty Images.
Desktop Metal said in a press release that "multi-material printing is the next frontier" and that Aerosint's technology "unlocks a range of new use cases" for additive manufacturing (AM).
The CEO of Desktop Metal, Ric Fulop, added that, "This transaction advances our strategy to own differentiated print technologies that enable an expanding set of AM 2.0 applications at scale."
3D Systems' stock fell by nearly 10% after the news was reported on Monday and has continued falling since, indicating that its investors are likely worried that the acquisition could give Desktop Metal an advantage.
Now what
Investors should know that 3D Systems' stock can be a bit volatile, and even though its shares are experiencing a huge drop this week, the stock has still gained about 150% year to date.
The company will report its second quarter 2021 results on Aug. 10, which could cause some more volatility in the shares in the coming weeks. But long-term investors should be cautious about making changes to their investing thesis based on minor news or even one quarterly earnings report.
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Chris Neiger has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD), a 3D printing company, tumbled more than 23% this week on seemingly no company-related news. Desktop Metal said in a press release that "multi-material printing is the next frontier" and that Aerosint's technology "unlocks a range of new use cases" for additive manufacturing (AM). The CEO of Desktop Metal, Ric Fulop, added that, "This transaction advances our strategy to own differentiated print technologies that enable an expanding set of AM 2.0 applications at scale."
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What happened Shares of 3D Systems (NYSE: DDD), a 3D printing company, tumbled more than 23% this week on seemingly no company-related news. So what On Monday, Desktop Metal, another 3D printing company, said that it had acquired the Belgium-based company Aerosint, which has developed a proprietary way to layer multiple materials in the 3D printing process. 3D Systems' stock fell by nearly 10% after the news was reported on Monday and has continued falling since, indicating that its investors are likely worried that the acquisition could give Desktop Metal an advantage.
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What happened Shares of 3D Systems (NYSE: DDD), a 3D printing company, tumbled more than 23% this week on seemingly no company-related news. 3D Systems' stock fell by nearly 10% after the news was reported on Monday and has continued falling since, indicating that its investors are likely worried that the acquisition could give Desktop Metal an advantage. Now what Investors should know that 3D Systems' stock can be a bit volatile, and even though its shares are experiencing a huge drop this week, the stock has still gained about 150% year to date.
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What happened Shares of 3D Systems (NYSE: DDD), a 3D printing company, tumbled more than 23% this week on seemingly no company-related news. So what On Monday, Desktop Metal, another 3D printing company, said that it had acquired the Belgium-based company Aerosint, which has developed a proprietary way to layer multiple materials in the 3D printing process. The company will report its second quarter 2021 results on Aug. 10, which could cause some more volatility in the shares in the coming weeks.
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cb34a817-7d18-4197-b921-75866fd60e7e
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716591.0
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2021-07-15 00:00:00 UTC
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September 17th Options Now Available For 3D Systems
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DDD
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https://www.nasdaq.com/articles/september-17th-options-now-available-for-3d-systems-2021-07-15
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nan
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nan
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Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the September 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 17th contracts and identified one put and one call contract of particular interest.
The put contract at the $27.00 strike price has a current bid of $3.10. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $27.00, but will also collect the premium, putting the cost basis of the shares at $23.90 (before broker commissions). To an investor already interested in purchasing shares of DDD, that could represent an attractive alternative to paying $27.98/share today.
Because the $27.00 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 100%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 11.48% return on the cash commitment, or 65.48% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for 3D Systems Corp. , and highlighting in green where the $27.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $29.00 strike price has a current bid of $3.30. If an investor was to purchase shares of DDD stock at the current price level of $27.98/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $29.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.44% if the stock gets called away at the September 17th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $29.00 strike highlighted in red:
Considering the fact that the $29.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 11.79% boost of extra return to the investor, or 67.26% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $27.98) to be 125%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if DDD shares really soar, which is why looking at the trailing twelve month trading history for 3D Systems Corp. , as well as studying the business fundamentals becomes important. Below is a chart showing DDD's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the September 17th expiration.
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Below is a chart showing DDD's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the September 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 17th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing DDD's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the September 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 17th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the DDD options chain for the new September 17th contracts and identified one put and one call contract of particular interest. Below is a chart showing DDD's trailing twelve month trading history, with the $29.00 strike highlighted in red: Considering the fact that the $29.00 strike represents an approximate 4% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in 3D Systems Corp. (Symbol: DDD) saw new options become available today, for the September 17th expiration.
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ae16e08f-eab1-4f48-8cb1-348c84949f97
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716592.0
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2021-07-14 00:00:00 UTC
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Noteworthy Wednesday Option Activity: DDD, IBM, BKE
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DDD
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-ddd-ibm-bke-2021-07-14
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nan
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nan
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 33,770 contracts have traded so far, representing approximately 3.4 million underlying shares. That amounts to about 51.5% of DDD's average daily trading volume over the past month of 6.6 million shares. Especially high volume was seen for the $32 strike call option expiring July 16, 2021, with 9,729 contracts trading so far today, representing approximately 972,900 underlying shares of DDD. Below is a chart showing DDD's trailing twelve month trading history, with the $32 strike highlighted in orange:
International Business Machines Corp (Symbol: IBM) options are showing a volume of 24,052 contracts thus far today. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 51.1% of IBM's average daily trading volume over the past month, of 4.7 million shares. Particularly high volume was seen for the $141 strike call option expiring July 16, 2021, with 1,345 contracts trading so far today, representing approximately 134,500 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $141 strike highlighted in orange:
And Buckle, Inc. (Symbol: BKE) saw options trading volume of 3,165 contracts, representing approximately 316,500 underlying shares or approximately 50% of BKE's average daily trading volume over the past month, of 632,490 shares. Particularly high volume was seen for the $42.50 strike call option expiring July 16, 2021, with 1,461 contracts trading so far today, representing approximately 146,100 underlying shares of BKE. Below is a chart showing BKE's trailing twelve month trading history, with the $42.50 strike highlighted in orange:
For the various different available expirations for DDD options, IBM options, or BKE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $32 strike call option expiring July 16, 2021, with 9,729 contracts trading so far today, representing approximately 972,900 underlying shares of DDD. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 33,770 contracts have traded so far, representing approximately 3.4 million underlying shares. That amounts to about 51.5% of DDD's average daily trading volume over the past month of 6.6 million shares.
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Especially high volume was seen for the $32 strike call option expiring July 16, 2021, with 9,729 contracts trading so far today, representing approximately 972,900 underlying shares of DDD. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 33,770 contracts have traded so far, representing approximately 3.4 million underlying shares. That amounts to about 51.5% of DDD's average daily trading volume over the past month of 6.6 million shares.
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 33,770 contracts have traded so far, representing approximately 3.4 million underlying shares. Especially high volume was seen for the $32 strike call option expiring July 16, 2021, with 9,729 contracts trading so far today, representing approximately 972,900 underlying shares of DDD. That amounts to about 51.5% of DDD's average daily trading volume over the past month of 6.6 million shares.
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Especially high volume was seen for the $32 strike call option expiring July 16, 2021, with 9,729 contracts trading so far today, representing approximately 972,900 underlying shares of DDD. Below is a chart showing BKE's trailing twelve month trading history, with the $42.50 strike highlighted in orange: For the various different available expirations for DDD options, IBM options, or BKE options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in 3D Systems Corp. (Symbol: DDD), where a total of 33,770 contracts have traded so far, representing approximately 3.4 million underlying shares.
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a6e88419-8ba3-432b-9951-7a52aed537d8
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716593.0
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2021-07-12 00:00:00 UTC
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Why 3D Systems Stock Fell Nearly 10% on Monday
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DDD
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https://www.nasdaq.com/articles/why-3d-systems-stock-fell-nearly-10-on-monday-2021-07-12
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What happened
Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, dropped 9.7% on Monday, probably because of usual volatility and, perhaps, some news from Desktop Metal.
For context, the broader market was up slightly on Monday, with the S&P 500 and Nasdaq indexes gaining about 0.3% and 0.2%, respectively.
Image source: Getty Images.
So what
The only news 3D Systems announced on Monday was the scheduled date of the release of its second-quarter 2021 results: Monday, Aug. 9, after the market closes. The company plans to hold an analyst conference call the next day at 8:30 a.m. EDT.
It's safe to say that this news, which isn't out of the ordinary, was not a catalyst that contributed to the stock's decline.
A good portion of 3D Systems stock's Monday drop was probably simply due to its usual volatility. The stock tends to be more volatile than most of the other 3D printing stocks. One reason for this is that it usually has a higher short-interest than comparable peers, such as Stratasys. (Short-sellers bet on a stock's decline.) For context, shares of Stratasys, Desktop Metal, and Materialise fell 3.7%, 2.3%, and 2.2%, respectively, on Monday.
It's possible that Desktop Metal's Monday announcement of an acquisition could have also been a factor behind 3D Systems stock's decline. Desktop (which went public via a special acquisition purpose company last December) acquired Belgium-based Aerosint, whose "new, multi-material approach to powder deposition is designed to support high-speed printing of a broad range of polymers, metals, and ceramics," according to the press release.
Some investors might believe that Desktop's acquisition could make it a more formidable competitor to 3D Systems.
Now what
No action seems warranted by investors based solely on 3D Systems stock's Monday drop. With the company's Q2 results now slated to be released on Aug. 9, investors should receive material news soon.
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, dropped 9.7% on Monday, probably because of usual volatility and, perhaps, some news from Desktop Metal. A good portion of 3D Systems stock's Monday drop was probably simply due to its usual volatility. Desktop (which went public via a special acquisition purpose company last December) acquired Belgium-based Aerosint, whose "new, multi-material approach to powder deposition is designed to support high-speed printing of a broad range of polymers, metals, and ceramics," according to the press release.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, dropped 9.7% on Monday, probably because of usual volatility and, perhaps, some news from Desktop Metal. A good portion of 3D Systems stock's Monday drop was probably simply due to its usual volatility. For context, shares of Stratasys, Desktop Metal, and Materialise fell 3.7%, 2.3%, and 2.2%, respectively, on Monday.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, dropped 9.7% on Monday, probably because of usual volatility and, perhaps, some news from Desktop Metal. It's possible that Desktop Metal's Monday announcement of an acquisition could have also been a factor behind 3D Systems stock's decline. 10 stocks we like better than 3D Systems When our award-winning analyst team has a stock tip, it can pay to listen.
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What happened Shares of 3D Systems (NYSE: DDD), a diversified 3D printing company, dropped 9.7% on Monday, probably because of usual volatility and, perhaps, some news from Desktop Metal. The stock tends to be more volatile than most of the other 3D printing stocks. It's possible that Desktop Metal's Monday announcement of an acquisition could have also been a factor behind 3D Systems stock's decline.
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af943a58-cc77-4078-a303-e690ca6bcd75
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716594.0
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2021-07-03 00:00:00 UTC
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Why This 3D Printing Stock Fell 11% in June
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DDD
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https://www.nasdaq.com/articles/why-this-3d-printing-stock-fell-11-in-june-2021-07-04
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What happened
Shares of Materialise (NASDAQ: MTLS), a provider of 3D printing software and services, dropped 10.7% in June, according to data from S&P Global Market Intelligence. The catalyst for the decline was the Belgium-based company's announcement that it was issuing additional American depositary shares (ADS) to raise cash.
For context, the S&P 500 index returned 2.3% last month, while shares of fellow 3D printing companies 3D Systems and Stratasys rose 35.9% and 12%, respectively.
Image source: Getty Images.
So what
On June 10, shares of Materialise plummeted 18.3% following the company's announcement of a public offering of 4.0 million to 4.6 million ADSs at $24 per ADS. In Belgium, each ADS represents one share of common stock.
Investors don't like it when their ownership of a company is diluted -- and the dilution here is up to about 7.9%. Moreover, the offering price of $24 was 14.3% below the stock's closing price on the day prior to the announcement. So, it was to be expected that the stock would drop on the news. (Not surprisingly, the stock's most recent closing price was very close to the new offering price; it was $24.05 on Friday, July 2.)
The glass-half-full take is that the offering should raise proceeds of about $96 million to $110 million less costs associated with the offering. That cash could almost entirely pay off the company's debt, which was $110.4 million at the end of last quarter. Of course, the company could also want to have more cash on hand so it could pounce on an attractive acquisition candidate.
Now what
Materialise isn't currently profitable nor expected to be for full-year 2021. However, Wall Street expects the company to return to profitability, on an adjusted basis, next year.
The stock deserves a place on 3D printing investors' watch lists, as I recently wrote in an overview of 3D printing stocks as the end of the first half of 2021 approached.
10 stocks we like better than Materialise NV
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*Stock Advisor returns as of June 7, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What happened Shares of Materialise (NASDAQ: MTLS), a provider of 3D printing software and services, dropped 10.7% in June, according to data from S&P Global Market Intelligence. The catalyst for the decline was the Belgium-based company's announcement that it was issuing additional American depositary shares (ADS) to raise cash. For context, the S&P 500 index returned 2.3% last month, while shares of fellow 3D printing companies 3D Systems and Stratasys rose 35.9% and 12%, respectively.
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So what On June 10, shares of Materialise plummeted 18.3% following the company's announcement of a public offering of 4.0 million to 4.6 million ADSs at $24 per ADS. (Not surprisingly, the stock's most recent closing price was very close to the new offering price; it was $24.05 on Friday, July 2.) See the 10 stocks *Stock Advisor returns as of June 7, 2021 Beth McKenna has no position in any of the stocks mentioned.
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So what On June 10, shares of Materialise plummeted 18.3% following the company's announcement of a public offering of 4.0 million to 4.6 million ADSs at $24 per ADS. The stock deserves a place on 3D printing investors' watch lists, as I recently wrote in an overview of 3D printing stocks as the end of the first half of 2021 approached. See the 10 stocks *Stock Advisor returns as of June 7, 2021 Beth McKenna has no position in any of the stocks mentioned.
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So what On June 10, shares of Materialise plummeted 18.3% following the company's announcement of a public offering of 4.0 million to 4.6 million ADSs at $24 per ADS. That cash could almost entirely pay off the company's debt, which was $110.4 million at the end of last quarter. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Materialise NV wasn't one of them!
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716595.0
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2021-06-28 00:00:00 UTC
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Bioprinting Stocks: 3D Systems and Desktop Metal
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DDD
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https://www.nasdaq.com/articles/bioprinting-stocks%3A-3d-systems-and-desktop-metal-2021-06-28
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In the 3D printing world, 2021 is shaping up to be the year of bioprinting, with both 3D Systems (NYSE: DDD) and Desktop Metal (NYSE: DM) entering the commercial bioprinting market this year.
Bioprinting refers to using "bioinks" made of various biocompatible materials (some of which contain human or animal cells) to print three-dimensional, functional tissue. Current and potential future applications of the rapidly developing technology include accelerating the drug discovery process, producing body parts such as bones and soft tissue, and -- the ultimate goal -- producing solid organs for human transplantation.
Of course, neither 3D Systems nor Desktop Metal is anywhere close to a pure play on bioprinting, but they're in the market now, and that could prove to be a very good thing for their future performance.
Image source: Getty Images.
Bioprinting players: Overview
COMPANY
MARKET CAP
WALL STREET'S PROJECTED 5-YEAR ANNUALIZED EPS GROWTH YEAR-TO-DATE 2020 RETURN (DECLINE) 5-YEAR RETURN
3D Systems $4.8 billion 10% 275% 203%
Desktop Metal $3.3 billion N/A (30.2%) N/A
S&P 500
-- -- 14.8% 131%
Data source: YCharts. Data to June 25, 2021.
3D Systems
3D Systems, which is the largest pure-play 3D printing company by revenue and market cap, was profitable in the first quarter of 2021 from both an adjusted basis and under generally accepted accounting principles (GAAP). And Wall Street is projecting the company will be profitable, at least when adjusted for one-time items, for full-year 2021.
3D Systems first dived into bioprinting in 2017 through a research collaboration with United Therapeutics (NASDAQ: UTHR), a U.S.-based biotech company. The companies are working toward producing solid organs for human transplants. There is certainly no guarantee that anyone working toward this goal will be successful, though I do believe that eventually this momentous milestone will be achieved. Even if the 3D Systems-United Therapeutics partnership ultimately achieves its goal, any revenue from it will be many years away.
In May, 3D Systems made the leap into the commercial 3D printing market by acquiring Allevi (formerly BioBots), which sells bioprinters, bioinks, and related products to research entities around the world. The Philadelphia-based company is small but well regarded, or at least it was when I first wrote about it in 2015. Dun & Bradstreet estimates that Allevi's annual revenue is about $1.9 million. Currently, this business won't move the needle for 3D Systems, which has an annual revenue run rate of about $584 million. But it's a start upon which the company can build.
Last week brought news of another 3D Systems' bioprinting collaboration: The company is teaming with Israel-based CollPlant Biotechnologies (NASDAQ: CLGN) to use bioprinting to improve the solutions now available for breast reconstruction, a procedure many women choose to undergo following breast cancer. Once again, any possible revenue from this teaming is many years away.
Desktop Metal
That Desktop Metal, which joined the ranks of the publicly traded via a special acquisition company (SPAC) in December 2020, is now involved in bioprinting seems to fly under the radar of many investors.
The company -- which is not profitable and probably won't be for some time -- entered the commercial bioprinting realm in the same way as 3D Systems: via an acquisition. In February, Desktop Metal bought Germany-based EnvisionTEC, which is probably best known for its digital light processing (DLP) for polymers.
EnvisionTEC has also been a player in the bioprinting market for some time. Indeed, the company touts that its 3D-Bioplotter, launched in 2000, is "the most seasoned bioprinter in the market, backed by the most research." The company's bioprinters have been used to fabricate hyperelastic bone and ovary implants, according to its website. (ScienceDaily defines hyperelastic bone as a "3D-printed synthetic scaffold" designed "to support the growth and regeneration of new bone.")
We have no idea as to the revenue EnvisionTec generates from sales of its three models of 3D-Bioplotters. For that matter, the same can be said about EnvisionTec's entire business. Desktop Metal didn't disclose EnvisionTec's revenue when it acquired the company or when it released its first-quarter results.
Investors will probably learn more about 3D Systems' and Desktop Metal's bioprinting activities when the companies release their second-quarter results, which will likely be in early or mid August.
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They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of June 7, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the 3D printing world, 2021 is shaping up to be the year of bioprinting, with both 3D Systems (NYSE: DDD) and Desktop Metal (NYSE: DM) entering the commercial bioprinting market this year. Of course, neither 3D Systems nor Desktop Metal is anywhere close to a pure play on bioprinting, but they're in the market now, and that could prove to be a very good thing for their future performance. In May, 3D Systems made the leap into the commercial 3D printing market by acquiring Allevi (formerly BioBots), which sells bioprinters, bioinks, and related products to research entities around the world.
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In the 3D printing world, 2021 is shaping up to be the year of bioprinting, with both 3D Systems (NYSE: DDD) and Desktop Metal (NYSE: DM) entering the commercial bioprinting market this year. Current and potential future applications of the rapidly developing technology include accelerating the drug discovery process, producing body parts such as bones and soft tissue, and -- the ultimate goal -- producing solid organs for human transplantation. 3D Systems $4.8 billion 10% 275% 203% Desktop Metal $3.3 billion N/A (30.2%) N/A
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In the 3D printing world, 2021 is shaping up to be the year of bioprinting, with both 3D Systems (NYSE: DDD) and Desktop Metal (NYSE: DM) entering the commercial bioprinting market this year. 3D Systems 3D Systems, which is the largest pure-play 3D printing company by revenue and market cap, was profitable in the first quarter of 2021 from both an adjusted basis and under generally accepted accounting principles (GAAP). Last week brought news of another 3D Systems' bioprinting collaboration: The company is teaming with Israel-based CollPlant Biotechnologies (NASDAQ: CLGN) to use bioprinting to improve the solutions now available for breast reconstruction, a procedure many women choose to undergo following breast cancer.
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In the 3D printing world, 2021 is shaping up to be the year of bioprinting, with both 3D Systems (NYSE: DDD) and Desktop Metal (NYSE: DM) entering the commercial bioprinting market this year. The company -- which is not profitable and probably won't be for some time -- entered the commercial bioprinting realm in the same way as 3D Systems: via an acquisition. EnvisionTEC has also been a player in the bioprinting market for some time.
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e4289d72-c676-4075-b538-1c87a9aa6b3a
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716596.0
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2021-06-28 00:00:00 UTC
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Will 3D Systems' Q2 Earnings Report Keep Its Stock Rising?
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DDD
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https://www.nasdaq.com/articles/will-3d-systems-q2-earnings-report-keep-its-stock-rising-2021-06-28
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3D Systems (NYSE: DDD) stock is on track to close the first half of 2021 with a phenomenal half-year gain. The 3D printing stock is up 275% this year through Friday, June 25 -- more than 18 times the S&P 500's 14.8% return over this period.
The stock's torrid run has been driven by a few factors. These include the company's results in the last two quarters breezing by Wall Street's expectations, its May announcement that it was selling its low margin on-demand manufacturing business, and its announcement on Tuesday of a new bioprinting collaboration with CollPlant Biotechnologies "to deliver bioprinted solutions for improved breast reconstruction treatments."
In addition, the stock's upward movement stemming from these catalysts has no doubt gotten a boost from short sellers (those who are betting on a stock's price to decline) being forced to buy shares to cover their short bets.
With this monster of a stock run-up, 3D Systems really needs to release a strong second-quarter report -- one that speeds by Wall Street's estimates -- and issue rosier-than-expected guidance to keep the stock from taking a big hit. Unless the stock plummets and gives away much of its first-half gain before the company reports Q2 results, investors should be happy if the stock simply doesn't decline that much after the report.
With this said, here's what investors should watch when 3D Systems reports Q2 results, which will likely be in the first week of August, though the company hasn't yet released a date.
Image source: Getty Images.
3D Systems' key numbers
Below are the company's results from Q2 2020 and Wall Street's consensus estimates to use as benchmarks.
METRIC
Q2 2020 RESULT
WALL STREET'S Q2 2021 CONSENSUS ESTIMATE WALL STREET'S PROJECTED CHANGE
GAAP revenue
$112.1 million
$143.3 million
28%
Adjusted earnings per share (EPS)
($0.13)
$0.05
N/A. Result expected to flip to positive from negative.
Data sources: 3D Systems and Yahoo! Finance. GAAP = generally accepted accounting principles.
The company is facing an easy comparable. In the second quarter of last year, revenue plunged 29% year over year due to the fallout from the COVID-19 pandemic. For additional context, in Q2 2019, revenue was $157.3 million. So even if 3D Systems meets the consensus estimate -- or exceeds it by less than about $14 million -- its revenue still won't be back up to the pre-pandemic level for the second quarter.
In the first quarter, 3D Systems' revenue rose 7.7% year over year (and 17% excluding the impact of divestitures) to $146.1 million, easily topping the $136.4 million consensus estimate. Growth was driven by the healthcare segment, whose revenue soared 39% year over year. The industrial segment, which was hard hit by the pandemic, stabilized. Though its revenue fell 12% year over year, it edged up 1% excluding the impact of divestitures.
Adjusted for one-time items, net income was $20.9 million, or $0.17 per share, up from a loss of $0.04 per share in the year-ago period. That result crushed the analyst expectation of adjusted EPS of $0.02
Third-quarter guidance
Given that the pandemic is receding, at least in the United States and much of the developed world, it seems likely that management will issue third-quarter guidance. If so, its outlook will probably be the biggest factor in the market's reaction to the second-quarter report.
For Q3, analysts are modeling for revenue to increase 6.4% year over year to $143.8 million and expect adjusted EPS of $0.05, compared to an adjusted loss of $0.03 per share in the year-ago period.
10 stocks we like better than 3D Systems
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They just revealed what they believe are the ten best stocks for investors to buy right now... and 3D Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of June 7, 2021
Beth McKenna has no position in any of the stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) stock is on track to close the first half of 2021 with a phenomenal half-year gain. These include the company's results in the last two quarters breezing by Wall Street's expectations, its May announcement that it was selling its low margin on-demand manufacturing business, and its announcement on Tuesday of a new bioprinting collaboration with CollPlant Biotechnologies "to deliver bioprinted solutions for improved breast reconstruction treatments." With this said, here's what investors should watch when 3D Systems reports Q2 results, which will likely be in the first week of August, though the company hasn't yet released a date.
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3D Systems (NYSE: DDD) stock is on track to close the first half of 2021 with a phenomenal half-year gain. GAAP revenue $112.1 million $143.3 million 28% Adjusted earnings per share (EPS) ($0.13) $0.05 N/A. In the first quarter, 3D Systems' revenue rose 7.7% year over year (and 17% excluding the impact of divestitures) to $146.1 million, easily topping the $136.4 million consensus estimate.
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3D Systems (NYSE: DDD) stock is on track to close the first half of 2021 with a phenomenal half-year gain. With this monster of a stock run-up, 3D Systems really needs to release a strong second-quarter report -- one that speeds by Wall Street's estimates -- and issue rosier-than-expected guidance to keep the stock from taking a big hit. In the first quarter, 3D Systems' revenue rose 7.7% year over year (and 17% excluding the impact of divestitures) to $146.1 million, easily topping the $136.4 million consensus estimate.
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3D Systems (NYSE: DDD) stock is on track to close the first half of 2021 with a phenomenal half-year gain. Unless the stock plummets and gives away much of its first-half gain before the company reports Q2 results, investors should be happy if the stock simply doesn't decline that much after the report. GAAP revenue $112.1 million $143.3 million 28% Adjusted earnings per share (EPS) ($0.13) $0.05 N/A.
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716597.0
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2021-06-26 00:00:00 UTC
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3D Systems Stock Soared 41% This Week -- and Lifted Other 3D Printing Stocks
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DDD
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https://www.nasdaq.com/articles/3d-systems-stock-soared-41-this-week-and-lifted-other-3d-printing-stocks-2021-06-26
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nan
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3D Systems (NYSE: DDD) stock soared 40.6% this week, powered by the company's Tuesday announcement of a new bioprinting collaboration with Israeli regenerative and aesthetic medicine company CollPlant Biotechnologies (NASDAQ: CLGN) "to deliver bioprinted solutions for improved breast reconstruction treatments."
The big pop in 3D Systems stock lifted other 3D printing stocks, as frequently happens in an industry or space. Here's what investors should know.
Image source: Getty Images.
3D Systems' new 3D bioprinting collaboration with CollPlant
3D Systems stock rocketed 27.7% on Tuesday following the company's announcement of its new 3D bioprinting partnership with CollPlant, and it continued to move up throughout the week. Many investors probably view this move as suggesting that future collaborations in the same realm could follow if this one is successful.
The two partners plan to use bioprinting to produce a soft tissue matrix that will be used in combination with an implant for breast reconstruction purposes. The matrix will support the lower portion of the breast and be printed with bioinks based on CollPlant's proprietary plant-based recombinant human collagen (rhCollagen), which promotes tissue regeneration.
The companies believe their bioprinted matrices will have several benefits. These include being customizable to a patient's anatomy and possessing superior consistency and safety "due to their plant origin and identical match with natural human collagen."
CollPlant stock moved up 12.6% on Tuesday's news, but gave back most of its gain by week's end. Shares were up just 1% for the week.
Data by YCharts.
Stratasys, ExOne, Nano Dimension, and Proto Labs stocks were also big weekly winners
Stratasys (NASDAQ: SSYS) and Proto Labs (NYSE: PRLB) stocks were up 22.5% and 12.3%, respectively, for the week. That these stocks got a boost from 3D Systems' bioprinting news is explicable, though it seemed somewhat overdone, especially in Proto Labs' case. If 3D Systems is pushing further into the bioprinting space, it seems possible that Stratasys and Proto Labs could enter the market at some point.
Quick-turn contract manufacturer Proto Labs doesn't make 3D printers, but it could possibly enter the bioprinting market by offering bioprinting services. This type of move seems quite far off, however, and doesn't seem as good a fit for Proto Labs as it does for 3D Systems and Stratasys.
It doesn't make good sense that shares of ExOne and Nano Dimension got a sizable lift (15% and 14.2%, respectively) from the 3D Systems' news. ExOne is a metal-focused maker of industrial 3D printers and Nano Dimension is solely focused on the 3D printing of electronics. While anything is possible, it doesn't seem likely that bioprinting will be a good fit for either of these companies. Moreover, they're both struggling to achieve profitability in their current businesses, so any type of expansion would seem many years off.
Shares of Belgium-based Materialise, which provides 3D printing services and software, rose 2.5% this week. That was in line with the broader market's return, as the S&P 500 and tech-heavy Nasdaq indexes were up about 2.8% and 2.4%, respectively.
Desktop Metal stock was the only loser of the group. Shares, which began trading in December 2020 via a reverse merger with a special acquisition company (SPAC), were down 4.5% for the week.
In 2021, 3D Systems and ExOne stocks are leading the pack, up 275% and 143%, respectively, through June 25. Stratasys is a distant third, with a 27.9% gain. All the others are not only trailing the broader market -- the S&P 500 has returned 14.8% so far -- but are also in negative territory.
Second-quarter earnings reports for the group should begin rolling out in late July, with Proto Labs kicking off the season.
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Beth McKenna has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Proto Labs. The Motley Fool recommends 3D Systems. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (NYSE: DDD) stock soared 40.6% this week, powered by the company's Tuesday announcement of a new bioprinting collaboration with Israeli regenerative and aesthetic medicine company CollPlant Biotechnologies (NASDAQ: CLGN) "to deliver bioprinted solutions for improved breast reconstruction treatments." The two partners plan to use bioprinting to produce a soft tissue matrix that will be used in combination with an implant for breast reconstruction purposes. The matrix will support the lower portion of the breast and be printed with bioinks based on CollPlant's proprietary plant-based recombinant human collagen (rhCollagen), which promotes tissue regeneration.
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3D Systems (NYSE: DDD) stock soared 40.6% this week, powered by the company's Tuesday announcement of a new bioprinting collaboration with Israeli regenerative and aesthetic medicine company CollPlant Biotechnologies (NASDAQ: CLGN) "to deliver bioprinted solutions for improved breast reconstruction treatments." 3D Systems' new 3D bioprinting collaboration with CollPlant 3D Systems stock rocketed 27.7% on Tuesday following the company's announcement of its new 3D bioprinting partnership with CollPlant, and it continued to move up throughout the week. Stratasys, ExOne, Nano Dimension, and Proto Labs stocks were also big weekly winners Stratasys (NASDAQ: SSYS) and Proto Labs (NYSE: PRLB) stocks were up 22.5% and 12.3%, respectively, for the week.
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3D Systems (NYSE: DDD) stock soared 40.6% this week, powered by the company's Tuesday announcement of a new bioprinting collaboration with Israeli regenerative and aesthetic medicine company CollPlant Biotechnologies (NASDAQ: CLGN) "to deliver bioprinted solutions for improved breast reconstruction treatments." 3D Systems' new 3D bioprinting collaboration with CollPlant 3D Systems stock rocketed 27.7% on Tuesday following the company's announcement of its new 3D bioprinting partnership with CollPlant, and it continued to move up throughout the week. Stratasys, ExOne, Nano Dimension, and Proto Labs stocks were also big weekly winners Stratasys (NASDAQ: SSYS) and Proto Labs (NYSE: PRLB) stocks were up 22.5% and 12.3%, respectively, for the week.
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3D Systems (NYSE: DDD) stock soared 40.6% this week, powered by the company's Tuesday announcement of a new bioprinting collaboration with Israeli regenerative and aesthetic medicine company CollPlant Biotechnologies (NASDAQ: CLGN) "to deliver bioprinted solutions for improved breast reconstruction treatments." Stratasys, ExOne, Nano Dimension, and Proto Labs stocks were also big weekly winners Stratasys (NASDAQ: SSYS) and Proto Labs (NYSE: PRLB) stocks were up 22.5% and 12.3%, respectively, for the week. This type of move seems quite far off, however, and doesn't seem as good a fit for Proto Labs as it does for 3D Systems and Stratasys.
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21bd7fd7-b7bd-4b55-ad1c-51ef6f7e324f
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716598.0
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2021-06-23 00:00:00 UTC
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3D Systems Gains 28% on Partnership with CollPlant
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DDD
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https://www.nasdaq.com/articles/3d-systems-gains-28-on-partnership-with-collplant-2021-06-23
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nan
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nan
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3D Systems (DDD) partnered with Israel-based regenerative medicine giant CollPlant (CLGN) Biotechnologies.
Following the deal, 3D Systems gained 27.7%, while CollPlant shares were up 12.6% on June 22.
3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. The company gained 201.7% in the past six months and 426.7% over the past year.
Through the deal, the company aims to create 3D bioprinted regenerative soft tissue matrix to simplify and improve breast reconstruction procedures involving implants.
The matrices will be printed using plant-based recombinant human collagen - rhCollagen - that promotes tissue regeneration. It will be designed to match the patient’s anatomy and thereby support the breast implant procedures.
This deal is a step forward in the medical 3D printing industry as well as regenerative surgery industry.
3D Systems CEO Dr. Jeffrey Graves said, “In January of this year, we announced our intention to increase the investment in regenerative medicine and focus on developing and commercializing solutions to change how healthcare is delivered and bring substantial benefits to patients.”
Graves further added, “Through this project we’re embarking on with CollPlant, we’re exploring a novel application that could offer a new reconstruction treatment for breast cancer survivors. It’s inspiring to be involved in a project that has the potential to have such a positive impact on the human condition.” (See 3D Systems stock chart on TipRanks)
On June 1, Needham analyst James Ricchiuti reiterated a Hold rating on the stock.
Ricchiuti said, “DDD is now focused mainly on the core healthcare and industrial markets and continues to evaluate the potential divestiture of businesses that do not align with company's new strategic focus. We give new management credit for moving quickly to put DDD on a profitable course and launch a much-needed restructuring of the business.”
Overall, the stock has a Hold consensus rating based on 1Buy, 4 Holds, and 1 Sell. The average DDD analyst price target of $25.00 implies 32.2% downside potential from the current levels.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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3D Systems (DDD) partnered with Israel-based regenerative medicine giant CollPlant (CLGN) Biotechnologies. Ricchiuti said, “DDD is now focused mainly on the core healthcare and industrial markets and continues to evaluate the potential divestiture of businesses that do not align with company's new strategic focus. We give new management credit for moving quickly to put DDD on a profitable course and launch a much-needed restructuring of the business.” Overall, the stock has a Hold consensus rating based on 1Buy, 4 Holds, and 1 Sell.
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3D Systems (DDD) partnered with Israel-based regenerative medicine giant CollPlant (CLGN) Biotechnologies. Ricchiuti said, “DDD is now focused mainly on the core healthcare and industrial markets and continues to evaluate the potential divestiture of businesses that do not align with company's new strategic focus. We give new management credit for moving quickly to put DDD on a profitable course and launch a much-needed restructuring of the business.” Overall, the stock has a Hold consensus rating based on 1Buy, 4 Holds, and 1 Sell.
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3D Systems (DDD) partnered with Israel-based regenerative medicine giant CollPlant (CLGN) Biotechnologies. Ricchiuti said, “DDD is now focused mainly on the core healthcare and industrial markets and continues to evaluate the potential divestiture of businesses that do not align with company's new strategic focus. We give new management credit for moving quickly to put DDD on a profitable course and launch a much-needed restructuring of the business.” Overall, the stock has a Hold consensus rating based on 1Buy, 4 Holds, and 1 Sell.
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3D Systems (DDD) partnered with Israel-based regenerative medicine giant CollPlant (CLGN) Biotechnologies. Ricchiuti said, “DDD is now focused mainly on the core healthcare and industrial markets and continues to evaluate the potential divestiture of businesses that do not align with company's new strategic focus. We give new management credit for moving quickly to put DDD on a profitable course and launch a much-needed restructuring of the business.” Overall, the stock has a Hold consensus rating based on 1Buy, 4 Holds, and 1 Sell.
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a39b1fda-3019-4fb7-b02f-dc508f5c5682
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716599.0
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2021-06-23 00:00:00 UTC
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Take Your 3D-Printed Ball to a Different Court and Move On From 3D Systems
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DDD
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https://www.nasdaq.com/articles/take-your-3d-printed-ball-to-a-different-court-and-move-on-from-3d-systems-2021-06-23
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
All cylinders are firing for 3D Systems (NYSE:DDD), a leading 3D printing and digital manufacturing company experiencing this hypergrowth megatrend in the best possible way. But can there be too much of a good thing? Perhaps. DDD stock may have maxed out its potential, and there are other 3D printed fish in this sea.
DDD) logo on a door to an office building" width="300" height="165">
Source: Image via 3D Systems
Earlier this year 3D Systems blew first-quarter results out of the water across the board. DDD stock is best left untouched for a moment until its current trading heat dissipates, but the company is solid and will persist — and thrive — into the future.
DDD Stock Shines
Forgetting the 3D printing era prior to 2021, which was relatively rough, we’ve finally arrived at a time where 3D printing technology is beginning to gain meaningful traction.
3D printing machines are cheaper, faster and more available than ever before, and the repertoire of materials they can print with is ever expanding. 3D printing is starting to catch on with industrial organizations, for a variety of reasons.
For 3D Systems, the results of technological advancements and increasing adoption mean stellar Q1 results.
Investors loved these results so much that DDD stock shot up 15%.
Rather than beat earnings per share by Wall Street’s projected two cents, it crushed it by 17 cents per share. Revenues also came in above expectations — $146.1 million versus $135.6 million. If that wasn’t impressive enough, 3D Systems grew its organic revenue by 17%, and its healthcare business rose year-over-year by 39%.
3D Systems was on fire. And it still is, gaining nearly 30% on Tuesday alone.
A New Partnership
In more recent news, 3D Systems partnered with CollPlant (NASDAQ:CLGN), a company using plant-based technology to mass produce building blocks that are usable in regenerative medicine. Combining these two companies’ functionality — 3D printing and the production of biofriendly materials — gives us a match made in heaven.
This partnership’s focus lies in creating patient-tailored breast implants for the vast majority of the 2.3 million women diagnosed with breast cancer who require partial or full removal of cancerous tissue.
Thanks to their innovative technology, 3D Systems can 3D print implants designed specifically for an individual’s unique anatomy, using CollPlant’s unique bio material. These implants will be safer than existing solutions, and the material used will blend with existing tissue far more effectively.
This partnership is huge for 3D Systems and its expansion in a variety of industries, as we think medical applications for 3D Systems will be of particular importance in the future.
The Bottom Line on DDD Stock
It’s no secret that 3D Systems is doing well — maybe too well.
So well, in fact, that there’s no longer much upside potential for investors.
Earlier in May, we recommended DDD stock. If you had invested at that time, you’d be sitting pretty with a 75% share price increase. But that time has since passed, and it’s time to move on to other players in the space.
As the 3D printing hypergrowth megatrend carries companies in the 3D printing space higher, your best bet for maximum gains at this point lies with other, smaller 3D printing stocks.
3D Printing Stocks: Where to Look
One undervalued stock we’re particularly fond of is Desktop Metal (NYSE:DM).
We think Desktop Metal is even more technologically capable with its world-changing Single Pass Jetting technology. With this tech, a new generation of ultra fast, efficient and affordable 3D printers can exist.
We think Desktop Metal will emerge as one of the most important manufacturing equipment suppliers in the world. There is huge upside potential here, especially given Desktop Metal current undervalued. We see DM stock hitting $20, if not $30 in the future.
When that happens depends entirely on the market, who doesn’t always favorably view companies with emerging tech.
But DM stock is not the only high-growth, high-return stock on my radar today.
In fact, I have more than 40 hypergrowth stocks that could score investors Amazon-like returns over the next few months and years.
These stocks include the world’s most exciting autonomous vehicle startup, a world-class “Digitainment” stock creating the building blocks of the metaverse, a company that we fully believe is a “Tesla-killer,” and many more.
Click here to watch my first-ever Exponential Growth Summit and to subscribe to Innovation Investor today.
On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.
By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. It’s the theme of his premiere technology-focused service, Innovation Investor. To see Luke’s entire lineup of innovative cutting-edge stocks, become a subscriber of Innovation Investor today.
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The post Take Your 3D-Printed Ball to a Different Court and Move On From 3D Systems appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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DDD stock is best left untouched for a moment until its current trading heat dissipates, but the company is solid and will persist — and thrive — into the future. InvestorPlace - Stock Market News, Stock Advice & Trading Tips All cylinders are firing for 3D Systems (NYSE:DDD), a leading 3D printing and digital manufacturing company experiencing this hypergrowth megatrend in the best possible way. DDD stock may have maxed out its potential, and there are other 3D printed fish in this sea.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips All cylinders are firing for 3D Systems (NYSE:DDD), a leading 3D printing and digital manufacturing company experiencing this hypergrowth megatrend in the best possible way. DDD stock may have maxed out its potential, and there are other 3D printed fish in this sea. DDD) logo on a door to an office building" width="300" height="165"> Source: Image via 3D Systems Earlier this year 3D Systems blew first-quarter results out of the water across the board.
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips All cylinders are firing for 3D Systems (NYSE:DDD), a leading 3D printing and digital manufacturing company experiencing this hypergrowth megatrend in the best possible way. DDD stock may have maxed out its potential, and there are other 3D printed fish in this sea. DDD) logo on a door to an office building" width="300" height="165"> Source: Image via 3D Systems Earlier this year 3D Systems blew first-quarter results out of the water across the board.
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Investors loved these results so much that DDD stock shot up 15%. InvestorPlace - Stock Market News, Stock Advice & Trading Tips All cylinders are firing for 3D Systems (NYSE:DDD), a leading 3D printing and digital manufacturing company experiencing this hypergrowth megatrend in the best possible way. DDD stock may have maxed out its potential, and there are other 3D printed fish in this sea.
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1bca43a4-3ca1-47b0-a53b-565500140d51
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