3D Systems Reports Q4 and Full Year 2013 Results

3D Systems Q4 and Full Year 2013 Results |

  • Record Quarterly and Annual Revenue on Increased Organic Growth
  • Expects 2014 Revenue of $680 million to $720 million on 30% organic growth

3D_Systems_HQ_RockHill

Release Date: Friday, February 28, 2014 – 07:42

ROCK HILL, South Carolina – February 28, 2014 – 3D Systems Corporation (NYSE: DDD) announced today that its fourth quarter revenue grew 52% from the prior year to a record $154.8 million on 34% overall organic growth, resulting in GAAP earnings of $0.11 per share and non-GAAP earnings of $0.19 per share for the fourth quarter.

 

For the fourth quarter 2013, gross profit increased 53% and gross profit margin remained flat at 51.7% compared to the 2012 fourth quarter, and contributed to GAAP net income of $11.2 million, and non-GAAP net income of $19.7 million.

 

For the full year 2013, revenue increased 45% to a record $513.4 million on 80% printers and other products growth and 29% organic growth, resulting in GAAP earnings of $0.45 per share and non-GAAP earnings of $0.85 per share for the year. Gross profit increased 48% and gross profit margin expanded 90 basis points to 52.1%.

 

“We are pleased to report another record revenue quarter on robust professional and advanced manufacturing printers’ demand, increased materials’ growth rate and total unit sales that more than tripled last year’s units,” said Avi Reichental, 3D Systems’ President and Chief Executive Officer.

 

Fourth Quarter 2013 Revenue Highlights (compared to 2012 quarter):

  • 3D printers and other products revenue increased 76% to $73.9 million.
  • Print materials revenue grew 39% to $37.2 million.
  • Services revenue rose 33% to $43.7 million.
  • Healthcare revenue increased 67% to $21.8 million.
  • Consumer solutions expanded 162% to $8.9 million.

 

Full Year 2013 Revenue Highlights (compared to 2012):

  • 3D printers and other products revenue increased 80% to $227.6 million.
  • Print materials revenue grew 24% to $128.4 million.
  • Services revenue rose 27% to $157.4 million.
  • Healthcare revenue increased 45% to $71.7 million.
  • Consumer solutions expanded 206% to $34.8 million.

 

“Compared to our late quarter expectations, we are disappointed that our stronger order book didn’t convert to higher revenue, but instead, resulted in a near doubling of last quarter’s backlog. Despite our higher growth, certain revenue categories fell short of our expectations and the concentration of new product announcements deferred sales and suppressed expected gross profit margin for the quarter,” continued Reichental.

 

Consistent with its prior comments, the company more than doubled its fourth quarter R&D spending from $7.8 million the prior year to $16.6 million for the December quarter and continued to rapidly increase its sales, marketing, infrastructure and talent expenditures in support of its growth initiatives and recently announced joint developments and alliances. The impact of these expenditures was partially reflected in the unveiling of 24 new products between December 1st 2013 and January 9th 2014. The company also continued to expand its manufacturing capacity to accommodate increasing demand.

 

“Maintaining our historical performance doesn’t require this level of increased expenditures, but planning to double our revenue over the next couple of years does,” said Reichental. Although, in October, we guided for reduced earnings to reflect these actions, our late-quarter expenditures ramp surpassed our expectations.”

 

Management continues to focus on accelerating the company’s growth and expanding its market share. Consequently, management is prioritizing initiatives and investments that are central to its plans to double its revenue, over the next couple of years, ahead of short-term earnings, in order to deliver the full potential of its business model. Accordingly, management expects 2014 revenue to be in range of $680 million to $720 million and expects GAAP earnings per share in the range of $0.44 to $0.56 and non-GAAP earnings per share to be in the range of $0.73 to $0.85.

 

“We believe that 3D Printing is at the cusp of accelerated growth and that the ultimate measure of our success will be the sustainable value we create from our share and scale gains over time. While our stepped up actions and investments pressured our quarterly earnings, we believe that our actions set the stage to substantially compress the time it will take us to extend and solidify our leadership position and deliver greater value,” concluded Reichental.

 

Q4 and Full Year 2013 Conference Call and Webcast
3D Systems plans to hold a conference call and simultaneous webcast to discuss its financial results for the fourth quarter and full year 2013 on Friday, February 28, 2014, at 9:00 a.m. Eastern Time. The company expects to release these financial results and to file its Form 10-K on February 28, 2014.

  • Date: Friday, February 28, 2014
  • Time: 9:00 a.m. Eastern Time
  • Listen via Internet: www.3dsystems.com/investor
  • Participate via telephone:
    • Within the U.S.: 1-866-953-6856
    • Outside the U.S.: 1-617-399-3480
    • Participant code: 77177985

 

The recorded webcast will be available beginning approximately two hours after the live presentation at www.3dsystems.com/investor.

 

Forward-Looking Statements
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and

 

Unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements,” “Cautionary Statements and Risk Factors,” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements.

 

Presentation of Information in This Press release

To facilitate a better understanding of the impact that several strategic acquisitions had on its financial results, the company reported non-GAAP measures that adjust net income and earnings per share by excluding the impact of amortization of intangibles, non-cash interest expense, acquisition and severance expenses, litigation settlements, loss on conversion of notes and stock-based compensation expense. A reconciliation of GAAP to non-GAAP results is provided in the accompanying schedule.

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Objex_Unlimited_Logo(hr) edited

Objex Unlimited

36 Fieldway Road,

Toronto, Ontario M8Z 3L2

 

Objex Unlimited is a 3D printing studio located in Toronto.  We take pride in all of our products and services, offering the newest, and highest quality methods of production. With a highly skilled team of trained individuals we have no doubt that we can offer your business alternatives, which will save you work, time, and money. We use advanced 3D Printing Technology to produce Rapid Prototypes and highly detailed Concept Models directly from CAD Drawings. We can bring your CAD designs to life by creating real parts you can use and models that you can hold in your hand. Our commitment to you is to deliver in DAYS. Don’t let prototype production hold up your design cycle. Objex Unlimited is an Authorized Distributor of Artec 3D Scanners and 3D Systems Professional 3D Printers.

 

Contact Information

Phone: 416-233-7165

Email: sales@objexunlimited.com

Monday-Friday 10am-6pm EST

Are You Looking for a 3D Printing TV Channel? Try 3DPI.TV

3D Printing TV Channel 3DPI.TV |

3dpitv-header

3DPI is delighted to formally announce the launch of its new TV channel — 3DPI.TV. As a leading media platform serving the 3D printing industry 3DPI is dedicated to bringing the latest 3D printing tech developments, industry news, and application stories to its large and ever-growing audience via a full spectrum of different mediums and the 3DPI TV news channel is a further marker of that dedication.

 

With more than 60 broadcast segments currently archived on 3DPI.TV, the channel already offers viewers and visitors to the site a comprehensive video insight into the latest news stories from across the 3D printing industry. Leading stories are added each week and visitors can subscribe to regular 3D printing video news on 3DPI.TV Youtube Channel.

Alyssa-3D-Printing-Industry-3DPI.TV_

3DPI.TV is sponsored by 3D Systems, the channel, by agreement, is controlled and maintains independence via the 3DPI editorial team. With a comprehensive resource platform that includes a company directory, original industry reports, a job board and beginners guide, together with daily news, reviews, interviews, and wholly original content, 3DPI offers anyone interested in 3D printing with everything they need to pursue their interest in any direction.

***

Objex_Unlimited_Logo(hr) edited

Objex Unlimited

36 Fieldway Road,

Toronto, Ontario M8Z 3L2

 

Objex Unlimited is a 3D printing studio located in Toronto.  We take pride in all of our products and services, offering the newest, and highest quality methods of production. With a highly skilled team of trained individuals we have no doubt that we can offer your business alternatives, which will save you work, time, and money. We use advanced 3D Printing Technology to produce Rapid Prototypes and highly detailed Concept Models directly from CAD Drawings. We can bring your CAD designs to life by creating real parts you can use and models that you can hold in your hand. Our commitment to you is to deliver in DAYS. Don’t let prototype production hold up your design cycle. Objex Unlimited is an Authorized Distributor of Artec 3D Scanners and 3D Systems Professional 3D Printers.

 

Contact Information

Phone: 416-233-7165

Email: sales@objexunlimited.com

Monday-Friday 10am-6pm EST

3D Systems to Fly High at AeroDef 2014

3D Systems to Fly High at AeroDef 2014 |

  • 3DS’ Quickparts Features 3D Printed ‘Fly-Away’ Production Parts

aerodef-2014-duraform-ex-duct

Release Date: Tuesday, February 25, 2014 – 08:39

ROCK HILL, South Carolina – February 25, 2014 – 3D Systems  (NYSE:DDD) announced today that it will be featuring functional 3D printed aerospace parts and assemblies manufactured by its on-demand, cloud-based 3D printing service, Quickparts, at theAeroDef Manufacturing Summit and Exposition, being held February 25-27, 2014 in Long Beach, CA.

 

3DS’ Quickparts offers instant, online quotes and cloud manufacturing of 3D printed, functional, end-use parts. Aerospace companies looking to leverage quick-turn, short-run manufacturing of end-use parts for time-sensitive projects repeatedly rely on 3DS’Quickparts expertise for their entire design to manufacturing requirements.

 

3D printing of high impact, durable, light weight, end-use parts is a rapidly growing field where aerospace and defense manufacturers are looking to reduce part weight, complexity and inventory count while substantially improving fuel efficiency and maneuverability.

 

“3D printing offers aerospace and defense users unique solutions to optimize the strength-to-weight ratios of parts as well as integrating complex assemblies into a single printed part,” said Ziad Abou, Vice President  & General Manager, Quickparts, 3DS. “3D printing makes parts that would previously have been considered impossible, instantly possible.”

 

3DS’ Quickparts offers a 24/7 global service that encompasses rapid parts production, prototyping, tooling and casting pattern methodologies powered by 3D printing. Learn more about on-demand 3D printing solutions at www.3dsystems.com/quickparts.

***

Objex_Unlimited_Logo(hr) edited

Objex Unlimited

36 Fieldway Road,

Toronto, Ontario M8Z 3L2

 

Objex Unlimited is a 3D printing studio located in Toronto.  We take pride in all of our products and services, offering the newest, and highest quality methods of production. With a highly skilled team of trained individuals we have no doubt that we can offer your business alternatives, which will save you work, time, and money. We use advanced 3D Printing Technology to produce Rapid Prototypes and highly detailed Concept Models directly from CAD Drawings. We can bring your CAD designs to life by creating real parts you can use and models that you can hold in your hand. Our commitment to you is to deliver in DAYS. Don’t let prototype production hold up your design cycle. Objex Unlimited is an Authorized Distributor of Artec 3D Scanners and 3D Systems Professional 3D Printers.

 

Contact Information

Phone: 416-233-7165

Email: sales@objexunlimited.com

Monday-Friday 10am-6pm EST

 

 

3D Systems Prints Dental Implant Drill Guides

3D Systems Prints Dental Implant Drill Guides |

  • ProJet® 3510 MP and VisiJet® Stoneplast materials released for implant drill guide production
  • Dental printer fully compatible with all leading digital workflows for automated manufacturing

ProJet3510MP-Angle

Release Date: Monday, February 24, 2014 – 09:00

ROCK HILL, South Carolina – February 24, 2014 – 3D Systems  (NYSE:DDD) today announced its ProJet® 3510 MP 3D printer and proprietary VisiJet® Stoneplast dental materials have been optimized for dental “drill guide” production. The ProJet 3510 MP uses 3DS’ Stoneplast dental material that is available in both clear or plaster mode, and is compatible with all leading dental software modules capable of outputting the open .stl file format for automated local or distributed manufacturing. 3DS’ wide range of digital dental solutions along with integrated dental drill guide 3D printing solutions was on display at the LMT Lab Day event at the Sheraton Chicago from February 21-22, 2014.

 

“Transitioning to digital workflows with 3D printing compatibility has brought a high-impact solution to the dental field. The ProJet 3510 MP and Stoneplast materials easily integrate with leading software modules enabling an integrated drill guide manufacturing solution,” said Cathy Lewis, Chief Marketing Officer, 3DS.

 

For complete product information on the ProJet 3510 MP dental printers visit www.3DSystems.com.

***

Objex Unlimited

36 Fieldway Road,

Toronto, Ontario M8Z 3L2

 

Objex Unlimited is a 3D printing studio located in Toronto.  We take pride in all of our products and services, offering the newest, and highest quality methods of production. With a highly skilled team of trained individuals we have no doubt that we can offer your business alternatives, which will save you work, time, and money. We use advanced 3D Printing Technology to produce Rapid Prototypes and highly detailed Concept Models directly from CAD Drawings. We can bring your CAD designs to life by creating real parts you can use and models that you can hold in your hand. Our commitment to you is to deliver in DAYS. Don’t let prototype production hold up your design cycle. Objex Unlimited is an Authorized Distributor of Artec 3D Scanners and 3D Systems Professional 3D Printers.

 

Contact Information

Phone: 416-233-7165

Email: sales@objexunlimited.com

Monday-Friday 10am-6pm EST

Artec 3D showroom opening

Artec 3D showroom opening |

artec

ARTEC GROUP™, a global market leader in 3D scanning hardware and software, opens its first-ever 3D Showroom in Palo Alto (125 University Avenue, Palo Alto, CA 94301). We’re proud to open the doors to our first showroom here in the heart of Palo Alto, headquarters to the most successful hi-tech companies in the world. The opening of our showroom marks a key milestone in the company’s development as a major player in the hugely promising market of 3D technology.

 

We believe that the 3D revolution is just around the corner and will soon take us all by storm, just as photography did in the 20th century. Until recently, 3D technologies were a distant dream for the general user – too complex and too expensive. Artec is challenging this idea head on, bringing its high-tech solutions to all.

artec showroom

Our products are now on show for people to try and test on the spot, to prove that 3D scanning is now out there for everyone:

  • Artec 3D scanners: Artec Eva and Artec Spider for ultra-high quality professional 3D scanning http://www.artec3d.com/,
  • Artec ID Broadway 3D Face recognition technology, currently in use at the Sochi Olympic Games for employee face recognition security http://www.artecid.com/
  • Shapify.Pro – a brand new package for professional users of our 3D-seflie technology
  • Shapify – scan yourself and order your 3D-printed figurine http://www.shapify.me

 

Commenting on the opening of the Artec 3D Showroom, Artec Group CEO Artyom Yukhin said: “We are very excited about the new possibilities opening up in 3D technology every day. We’re delighted to be opening our showroom in Palo Alto, in the cradle of technology start-ups, home to the beginnings of the most inspiring hi-tech success stories. We have no doubt that the future belongs to 3D, that the 3D revolution is fast approaching and that leading the race is Artec.”

 

Artec 3D Showroom opening hours are: Mon-Sun 11am-7pm

***

Objex Unlimited

36 Fieldway Road,

Toronto, Ontario M8Z 3L2

 

Objex Unlimited is a 3D printing studio located in Toronto.  We take pride in all of our products and services, offering the newest, and highest quality methods of production. With a highly skilled team of trained individuals we have no doubt that we can offer your business alternatives, which will save you work, time, and money. We use advanced 3D Printing Technology to produce Rapid Prototypes and highly detailed Concept Models directly from CAD Drawings. We can bring your CAD designs to life by creating real parts you can use and models that you can hold in your hand. Our commitment to you is to deliver in DAYS. Don’t let prototype production hold up your design cycle. Objex Unlimited is an Authorized Distributor of Artec 3D Scanners and 3D Systems Professional 3D Printers.

 

Contact Information

Phone: 416-233-7165

Email: sales@objexunlimited.com

Monday-Friday 10am-6pm EST

3D Systems Acquires Digital PlaySpace

3D Systems Acquires Digital PlaySpace |

digitalplayspace

  • Cements 3DS mobile and web digital play hosting and publishing platform
  • Enhances brands immersiveness with powerful social co-creation tools

 

 3D Systems announced today that it has acquired Digital PlaySpace (DPS), a proprietary, innovative and immersive digital play platform that connects brands, retailers and consumers to 3D printable play activities. Through its two leading digital play properties, DigitalDollhouse.com and Dreamhouse Designer Facebook app, the DPS platform combines home design, gaming, and community sharing to deliver a vivid 3D create-and-make experience for children and their parents. Compelling content creation, capture and customization features make it quick, easy and fun to personalize and 3D print incredible creations at home on a Cube® 3D printer, or have them cloud printed using 3DS’ fulfillment service, available on its consumer destination site Cubify™.

digitalplayspace house

“We are excited to have Jesyca and her entire Digital PlaySpace team join our Cubify platform, enabling millions of new users to connect with family, friends and favourite brands in more immersive and socially creative ways,” said Cathy Lewis, Chief Marketing Officer, 3DS. “Digital PlaySpace’s ability to customize and rapidly publish mobile and web 3D printable content provides a differentiated value proposition for brands and consumers alike.”

 

Durchin is a leading developer of interactive and filmed entertainment for girls since 1994. She is an award-winning producer of both interactive and 3D animated films for Mattel, and has been a key advisor to Disney Theme Parks regarding brand-sponsored exhibitions targeting women. As a producer, Jesyca has created and produced games, films and rides for leading brands such as Mattel Entertainment, Buena Vista Games, Walt Disney Imagineering, Walt Disney Home Video, and Mattel Interactive.

***

Objex Unlimited

36 Fieldway Road,

Toronto, Ontario M8Z 3L2

 

Objex Unlimited is a 3D printing studio located in Toronto.  We take pride in all of our products and services, offering the newest, and highest quality methods of production. With a highly skilled team of trained individuals we have no doubt that we can offer your business alternatives, which will save you work, time, and money. We use advanced 3D Printing Technology to produce Rapid Prototypes and highly detailed Concept Models directly from CAD Drawings. We can bring your CAD designs to life by creating real parts you can use and models that you can hold in your hand. Our commitment to you is to deliver in DAYS. Don’t let prototype production hold up your design cycle. Objex Unlimited is an Authorized Distributor of Artec 3D Scanners and 3D Systems Professional 3D Printers.

 

Contact Information

Phone: 416-233-7165

Email: sales@objexunlimited.com

Monday-Friday 10am-6pm EST

3D Systems Prints First Hybrid Robotic Exoskeleton Enabling Amanda Boxtel To Walk Tall

3D Systems Prints First Hybrid Robotic Exoskeleton |

esko 1

 

 3D Systems  (NYSE:DDD) announced that it recently debuted the first ever 3D printed hybrid Exoskeleton robotic suit in collaboration with EksoBionics at a Singularity University-hosted event in Budapest. Amanda Boxtel acted as the test pilot for this venture. On Feb. 27, 1992, Amanda Boxtel took a fall while skiing in Aspen, CO that culminated in a freak somersault. The accident left her paralyzed from the waist down. At the hospital, Boxtel’s doctor told her she would never walk again. Despite her paralysis, the hybrid 3D printed robotic suit enabled Amanda to stand tall and walk throughout Budapest.

 

“After years of dreaming about it, I am deeply grateful and thrilled to be making history by walking tall in the first ever 3D printed Ekso-Suit, made specifically for me,” said Amanda Boxtel, referencing the custom tailored 3D printed Ekso-Suit that was created by 3DS’ designers. To obtain the perfect fit for Amanda, our designers used 3D scanning to digitize the contours of Amanda’s thighs, shins and spine and create a personalized three-dimensional base to inform the shape of the required assemblies. Sophisticated mechanical actuators and controls, manufactured and provided by Ekso Bionics, were then integrated with the more fluid components that were 3D printed from the customized scans to create the first ever bespoke suit. “This project represents the triumph of human creativity and technology that converged to restore my authentic functionality in a stunningly beautiful, fashionable and organic design,” Boxtel said.

 

“I believe that the most beautiful and functional designs have already been patented by nature, and inspired by Amanda’s incredible spirit, we were able to harness nature’s beauty with 3D printed functionality and freedom of creation to allow her body and spirit to soar,” said Avi Reichental, President and CEO of 3DS. “3DS has long been a pioneer in patient-specific devices, integrating our cutting-edge 3D capabilities with robotics to better serve humanity opens new and unimaginable frontiers.”

 

3DS’ patient-specific devices currently serve a growing field of medical applications to improve surgical outcomes and quality of care, including preoperative surgery, surgical drill and saw guides, dentistry and orthodontics.

ekso

 

***

Objex Unlimited

 

36 Fieldway Road,

Toronto, Ontario M8Z 3L2

 

Objex Unlimited is a 3D printing studio located in Toronto.  We take pride in all of our products and services, offering the newest, and highest quality methods of production. With a highly skilled team of trained individuals we have no doubt that we can offer your business alternatives, which will save you work, time, and money. We use advanced 3D Printing Technology to produce Rapid Prototypes and highly detailed Concept Models directly from CAD Drawings. We can bring your CAD designs to life by creating real parts you can use and models that you can hold in your hand. Our commitment to you is to deliver in DAYS. Don’t let prototype production hold up your design cycle. Objex Unlimited is an Authorized Distributor of Artec 3D Scanners and 3D Systems Professional 3D Printers.

 

Contact Information

Phone: 416-233-7165

Email: sales@objexunlimited.com

Monday-Friday 10am-6pm EST

 

3D Systems and Hasbro Agree To Co-Venture and Mainstream 3D Printing Play Experiences For Children

3D Systems and Hasbro Join Forces |

hasbro

  • Companies plan to exclusively co-develop and commercialize innovative play printers and platforms later this year
  • Alliance leverages entirety of Hasbro’s world-renowned brands and retail presence with 3DS’s powerful 3D printing portfolio to redefine play

 

 3D Systems  (NYSE:DDD) and global branded play company, Hasbro, Inc.(NASDAQ:HAS) announced their intent to co-develop, co-venture and deliver new immersive, creative play experiences powered by 3D printing for children and their families later this year. This partnership combines Hasbro’s world-renowned portfolio of consumer brands, extensive play expertise and retail reach with 3DS’ powerful portfolio of 3D printing products, platforms and perceptual devices to mainstream new and innovative play and co-creation experiences at home and online.

 

“We believe 3D printing offers endless potential to bring incredible new play experiences for kids and we’re excited to work with 3D Systems, a recognized industry leader in this space,” said Hasbro President & CEO Brian Goldner.

 

“We are thrilled to collaborate with Hasbro, a premier, global, branded play company, to jointly define, shape and lead the entire digital play space, powered by 3D printing,” said Avi Reichental, President and CEO, 3DS.

***

Objex Unlimited

36 Fieldway Road,

Toronto, Ontario M8Z 3L2

 

Objex Unlimited is a 3D printing studio located in Toronto.  We take pride in all of our products and services, offering the newest, and highest quality methods of production. With a highly skilled team of trained individuals we have no doubt that we can offer your business alternatives, which will save you work, time, and money. We use advanced 3D Printing Technology to produce Rapid Prototypes and highly detailed Concept Models directly from CAD Drawings. We can bring your CAD designs to life by creating real parts you can use and models that you can hold in your hand. Our commitment to you is to deliver in DAYS. Don’t let prototype production hold up your design cycle. Objex Unlimited is an Authorized Distributor of Artec 3D Scanners and 3D Systems Professional 3D Printers.

 

Contact Information

Phone: 416-233-7165

Email: sales@objexunlimited.com

Monday-Friday 10am-6pm EST

Father of 3D Printing Speaks with CNN |

chuck-hull-lab

CNN has released an insightful video of an interview with 3D Systems founder and Chief Technology officer, Chuck Hull. Referring to him as the “quiet and unassuming” father of the 3D printing industry, they hit the nail on the head when they suggested to him that he is “the almost anonymous star of 3D printing”. It is believed that was exactly how he preferred it to be, leaving the prolific media engagement that 3D Systems necessarily undertakes to the more gregarious members of the management team like the outgoing Avi Reichental, 3D Systems’ CEO. Chuck Hull in front of the camera was relaxed and most comfortable when talking about his beloved technology. At 74 years old, he concedes he should probably have retired, but: “It’s still interesting – so I don’t.” Who can blame him?

Check out this video for the interview.

_______________________________________________________________________________

Objex Unlimited

36 Fieldway Road,

Toronto, Ontario M8Z 3L2

 

Objex Unlimited is a 3D printing studio located in Toronto.  We take pride in all of our products and services, offering the newest, and highest quality methods of production. With a highly skilled team of trained individuals we have no doubt that we can offer your business alternatives, which will save you work, time, and money. We use advanced 3D Printing Technology to produce Rapid Prototypes and highly detailed Concept Models directly from CAD Drawings. We can bring your CAD designs to life by creating real parts you can use and models that you can hold in your hand. Our commitment to you is to deliver in DAYS. Don’t let prototype production hold up your design cycle. Objex Unlimited is an Authorized Distributor of Artec 3D Scanners and 3D Systems Professional 3D Printers.

 

Contact Information

Phone: 416-233-7165

Email: sales@objexunlimited.com

Monday-Friday 10am-6pm EST

 

3D Systems Announces Preliminary Full Year 2013 Results |

3dsystems headq

3D Systems Corporation(NYSE: DDD) announced today that it anticipates its full year revenue to be in the range of $513 million to $514 million, within its previously raised revenue guidance range of $500 million to $530 million on over 30% organic revenue growth and over 50% total revenue growth for the fourth quarter of 2013. Compared to its expectations, the company experienced much stronger professional 3D printers and materials demand and softer on-demand parts and consumer demand during the fourth quarter. As a result, the company expects to report its December backlog nearly doubled sequentially to $28 million which included multiple advanced manufacturing 3D printers orders that it plans to deliver over the next year.  These are preliminary, unaudited results based on current expectations and actual results may differ.

The company expects to report that its gross profit margin remained materially unchanged despite expanding unfavourable mix pressure that resulted in a slight decrease for the quarter. Consistent with management’s prior comments and actions, the company expects to report that its non-GAAP earnings per share compressed as a result of a substantial increase to its R&D expenditure related to its accelerated new product developments, a step up in sales and marketing expenses related to its rapid products channel expansion and higher costs related to its acquisition concentration during the quarter.

Accordingly, the company expects its non-GAAP earnings per share to be in the range of $0.83 to $0.87, below its previously expected guidance of $0.93 to $1.03 and its GAAP earnings per share to be in the range of $0.43 to $0.45.

The company expects to report final fourth quarter and full year 2013 results on February 28, 2014.

“Consistent with our previous comments, during the fourth quarter we made very significant R&D, manufacturing and marketing investments designed to accelerate revenue growth that resulted in substantially compressed earnings for the fourth quarter,” said Avi Reichental, President and Chief Executive Officer, 3DS. “As we previously stated, we are willing to tolerate earnings reduction and even slight gross profit margin compression during this period to substantially accelerate our growth rate and market share. We firmly believe that these accelerated investments that already resulted in the announcement of 24 new products over the past nine weeks position the company to double its revenue over the next couple of years on organic growth of at least 30% going forward and to achieve greater earnings power and profitability over the long term.”

Management believes that the ultimate measure of the company’s success will be the sustainable value it creates over the long term and expects greater value to be created as a direct result of its ability to extend and solidify its leadership position via these accelerated actions and investments. Management continues to balance its focus on growth with emphasis on long-term profitability, but given the near term opportunities, is choosing to prioritize growth because it believes that scale is central to achieving the full potential of its business model, and accordingly expects its 2014 revenue to be in range of $680 million to $720 million and expects GAAP earnings per share in the range of $0.44 to $0.56 and non-GAAP earnings per share to be in the range of $0.73 to $0.85.

Q4 and Full Year 2013 Conference Call and Webcast

3D Systems plans to hold a conference call and simultaneous webcast to discuss its financial results for the fourth quarter and full year 2013 on Friday, February 28, 2014, at 9:00 a.m. Eastern Time.  The company expects to release these financial results and to file its Form 10-K on February 28, 2014.

Date: Friday, February 28, 2014

Time: 9:00 a.m. Eastern Time

Listen via Internet: www.3dsystems.com/investor

Participate via telephone:

Within the U.S.:  1-866-953-6856

Outside the U.S.:  1-617-399-3480

Participant code:  77177985

The recorded webcast will be available beginning approximately two hours after the live presentation atwww.3dsystems.com/investor.

 

Forward-Looking Statements

Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements.  In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as “believes,” “belief,” “expects,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking.  Forward-looking statements may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company.  The factors described under the headings “Forward-Looking Statements,” “Cautionary Statements and Risk Factors,” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements.

Presentation of Information in This Press release

To facilitate a better understanding of the impact that several strategic acquisitions had on its financial results, the company reports non-GAAP measures that adjust net income and earnings per share by excluding the impact of amortization of intangibles, non-cash interest expense, acquisition and severance expenses, litigation settlements, loss on conversion of notes and stock-based compensation expense. A reconciliation of GAAP to non-GAAP results will be provided when the company reports its financial results.

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Objex Unlimited

36 Fieldway Road,

Toronto, Ontario M8Z 3L2

 

Objex Unlimited is a 3D printing studio located in Toronto.  We take pride in all of our products and services, offering the newest, and highest quality methods of production. With a highly skilled team of trained individuals we have no doubt that we can offer your business alternatives, which will save you work, time, and money. We use advanced 3D Printing Technology to produce Rapid Prototypes and highly detailed Concept Models directly from CAD Drawings. We can bring your CAD designs to life by creating real parts you can use and models that you can hold in your hand. Our commitment to you is to deliver in DAYS. Don’t let prototype production hold up your design cycle. Objex Unlimited is an Authorized Distributor of Artec 3D Scanners and 3D Systems Professional 3D Printers.

 

Contact Information

Phone: 416-233-7165

Email: sales@objexunlimited.com

Monday-Friday 10am-6pm EST