Making Your Phone Your “Canvas” of Self Expression |
In November 3D Systems announced an exciting multi-year development agreement with Motorola in support of the cellphone maker’s new concept: Project Ara.
Project Ara aims to redefine the cell phone as a functionally and aesthetically customizable device within an open hardware ecosystem. It changes the phone into the ultimate self-expressive device. The system works via a series of modules that insert into the cell phone in whatever configuration best fits the individual. As part of this mission, 3D Systems will support Motorola with the functionality, sustainability, personalization and material versatility that only 3D printing can fulfill.
Project Ara encapsulates two exponential technologies, and through this partnership 3D Systems will develop the new materials and 3D printing technologies that forever alter each individual’s relationship with his or her phone.
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.
https://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.png00Objex Unlimitedhttps://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.pngObjex Unlimited2014-03-05 19:58:242014-04-25 14:19:31Making Your Phone Your “Canvas” of Self Expression
“Print the Legend” New Film That Tracks The Rise of 3D Printing |
A new documentary, “Print the Legend”, which takes a closer look of the rise of the 3D printer, and follows the people racing to bring this how new technology to your home, documenting the “Macintosh Moment” of this revolution and exploring what it takes to live the American Dream.
The film features 3D printer company Formlabs, Makerbot, and 3D Systems etc, and figures in the community, including Cody Wilson, the man who created the first 3D printed gun.
Luis Lopez and Clay Tweel directed the film. They previously produced the King of Kong, Oscar-winner Undefeated, and Make Believe, which won the grand jury prize at the LA Film Fest in 2010.
‘Print the Legend’ premieres at SXSW on Monday, March 10 at 1:45 p.m.
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.
https://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.png00Objex Unlimitedhttps://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.pngObjex Unlimited2014-03-04 18:48:102014-04-25 14:19:39“Print the Legend” New Film That Tracks The Rise of 3D Printing
3D Systems Chuck Hull Inducted to the National Inventors Hall of Fame |
Hull honoured for his globally transformative and impactful work inventing and pioneering 3D printing and the STL file format that connects all CAD formats with 3D printers
Release Date: Tuesday, March 4, 2014 – 09:05
ROCK HILL, South Carolina –March 4, 2014 – 3D Systems (NYSE:DDD) today announced that Chuck Hull, the inventor of 3D printing and founder of 3D Systems, will be inducted into the National Inventors Hall of Fame (NIHF) for his globally impactful and transformative work inventing and pioneering 3D printing. With this induction, Hull joins the ranks of formerly honoured inventors, including Eli Whitney, Thomas Edison, Orville and Wilbur Wright, Henry Ford, and George Eastman, as well as Steve Jobs and Steve Wozniak.
Hull is being recognized by the NIHF and the United States Patent and Trademark Office for his ground-breaking invention of the original 3D printing technology, Stereolithography (SLA). Hull also co-created the STL file format, which continues to be the gold standard in ultra high-definition 3D printing connectivity with all CAD formats. In 1983, Hull 3D printed a small cup, the first-ever object created with additive technology. The success of Hull’s process served as a catalyst to his founding of 3D Systems in 1986.
Hull continues to lead the 3D printing revolution as 3D Systems’ Chief Technology Officer, celebrating 30 years of continuous 3D printing innovation and presiding over seven different 3D print technologies, more than 100 materials and 1,700 patents.
Since 1973, the National Inventors Hall of Fame has been honouring the individuals who have conceived, patented and advanced great technological achievements dating back to the birth of our nation. To be inducted, candidates must hold a United States patent that has contributed significantly to the nation’s welfare and the advancement of science and useful arts.
“Each year we have the distinct honour of recognizing individuals whose contributions to society will resound throughout the ages,” said Michael Oister, Invent Now CEO. “3D printing is an astounding technology that is poised to change the way our world works and the way we interact with it. We are delighted to welcome Chuck Hull to our NIHF family.”
“I am deeply honoured to become a part of the NIHF and be considered among the group of high caliber innovators who have transformed the world and improved the human condition in tangible and powerful ways,” said Chuck Hull, Founder and Chief Technology Officer, 3DS. “I always knew that 3D printing had the capacity to change the entire design-to-manufacture process, but could not have anticipated the full impact that my work would have on every facet of our lives. It is incredibly humbling and exhilarating to be a part of this transformation.”
Hull will be honoured on May 21, 2014, at the United States Patent and Trademark Office in Alexandria, Virginia.
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.
https://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.png00Objex Unlimitedhttps://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.pngObjex Unlimited2014-03-04 16:34:592014-04-25 14:19:463D Systems Founder Chuck Hull to be Inducted into the National Inventors Hall of Fame
Record Quarterly and Annual Revenue on Increased Organic Growth
Expects 2014 Revenue of $680 million to $720 million on 30% organic growth
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.
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.
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.
https://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.png00Objex Unlimitedhttps://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.pngObjex Unlimited2014-02-28 15:59:542014-04-25 14:19:543D Systems Reports Q4 and Full Year 2013 Results
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.
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 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.
https://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.png00Objex Unlimitedhttps://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.pngObjex Unlimited2014-02-27 16:41:102014-04-25 14:20:01Are You Looking for a 3D Printing TV Channel? Try 3DPI.TV
3DS’ Quickparts Features 3D Printed ‘Fly-Away’ Production Parts
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 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.
https://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.png00Objex Unlimitedhttps://objexunlimited.com/objexunlimited/wp-content/uploads/2017/11/OBJEX_LOGO_WHITE_17-copy-300x153.pngObjex Unlimited2014-02-25 19:23:012014-04-25 14:20:073D Systems to Fly High at AeroDef 2014
Making Your Phone Your “Canvas” of Self Expression
Making Your Phone Your “Canvas” of Self Expression |
In November 3D Systems announced an exciting multi-year development agreement with Motorola in support of the cellphone maker’s new concept: Project Ara.
Project Ara aims to redefine the cell phone as a functionally and aesthetically customizable device within an open hardware ecosystem. It changes the phone into the ultimate self-expressive device. The system works via a series of modules that insert into the cell phone in whatever configuration best fits the individual. As part of this mission, 3D Systems will support Motorola with the functionality, sustainability, personalization and material versatility that only 3D printing can fulfill.
Project Ara encapsulates two exponential technologies, and through this partnership 3D Systems will develop the new materials and 3D printing technologies that forever alter each individual’s relationship with his or her phone.
Click here to see a video update about Project Ara.
***
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
“Print the Legend” New Film That Tracks The Rise of 3D Printing
“Print the Legend” New Film That Tracks The Rise of 3D Printing |
A new documentary, “Print the Legend”, which takes a closer look of the rise of the 3D printer, and follows the people racing to bring this how new technology to your home, documenting the “Macintosh Moment” of this revolution and exploring what it takes to live the American Dream.
The film features 3D printer company Formlabs, Makerbot, and 3D Systems etc, and figures in the community, including Cody Wilson, the man who created the first 3D printed gun.
Luis Lopez and Clay Tweel directed the film. They previously produced the King of Kong, Oscar-winner Undefeated, and Make Believe, which won the grand jury prize at the LA Film Fest in 2010.
‘Print the Legend’ premieres at SXSW on Monday, March 10 at 1:45 p.m.
Check Out this teaser trailer for Print The Legend Below
***
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 Founder Chuck Hull to be Inducted into the National Inventors Hall of Fame
3D Systems Chuck Hull Inducted to the National Inventors Hall of Fame |
Release Date: Tuesday, March 4, 2014 – 09:05
ROCK HILL, South Carolina –March 4, 2014 – 3D Systems (NYSE:DDD) today announced that Chuck Hull, the inventor of 3D printing and founder of 3D Systems, will be inducted into the National Inventors Hall of Fame (NIHF) for his globally impactful and transformative work inventing and pioneering 3D printing. With this induction, Hull joins the ranks of formerly honoured inventors, including Eli Whitney, Thomas Edison, Orville and Wilbur Wright, Henry Ford, and George Eastman, as well as Steve Jobs and Steve Wozniak.
Hull is being recognized by the NIHF and the United States Patent and Trademark Office for his ground-breaking invention of the original 3D printing technology, Stereolithography (SLA). Hull also co-created the STL file format, which continues to be the gold standard in ultra high-definition 3D printing connectivity with all CAD formats. In 1983, Hull 3D printed a small cup, the first-ever object created with additive technology. The success of Hull’s process served as a catalyst to his founding of 3D Systems in 1986.
Hull continues to lead the 3D printing revolution as 3D Systems’ Chief Technology Officer, celebrating 30 years of continuous 3D printing innovation and presiding over seven different 3D print technologies, more than 100 materials and 1,700 patents.
Since 1973, the National Inventors Hall of Fame has been honouring the individuals who have conceived, patented and advanced great technological achievements dating back to the birth of our nation. To be inducted, candidates must hold a United States patent that has contributed significantly to the nation’s welfare and the advancement of science and useful arts.
“Each year we have the distinct honour of recognizing individuals whose contributions to society will resound throughout the ages,” said Michael Oister, Invent Now CEO. “3D printing is an astounding technology that is poised to change the way our world works and the way we interact with it. We are delighted to welcome Chuck Hull to our NIHF family.”
“I am deeply honoured to become a part of the NIHF and be considered among the group of high caliber innovators who have transformed the world and improved the human condition in tangible and powerful ways,” said Chuck Hull, Founder and Chief Technology Officer, 3DS. “I always knew that 3D printing had the capacity to change the entire design-to-manufacture process, but could not have anticipated the full impact that my work would have on every facet of our lives. It is incredibly humbling and exhilarating to be a part of this transformation.”
Hull will be honoured on May 21, 2014, at the United States Patent and Trademark Office in Alexandria, Virginia.
***
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 Reports Q4 and Full Year 2013 Results
3D Systems Q4 and Full Year 2013 Results |
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):
Full Year 2013 Revenue Highlights (compared to 2012):
“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.
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.
***
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 |
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.
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.
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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
3D Systems to Fly High at AeroDef 2014
3D Systems to Fly High at AeroDef 2014 |
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.
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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