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Tag: DDD Stock

  • 3D Systems (DDD) Shares Surge After Daimler Truck Deal Revealed

    3D Systems (DDD) Shares Surge After Daimler Truck Deal Revealed

    The unveiling of a ground-breaking digital service solution created in partnership with Daimler Truck has resulted in a notable increase in the share value of 3D Systems Corporation (NYSE: DDD). The most recent market update shows that shares have increased by 25.21% to $3.81.

    Revolutionizing Spare Parts Production Through Additive Manufacturing

    The collaborative effort between 3D Systems and Daimler Truck has yielded a solution designed to streamline remote spare part printing. This initiative combines Daimler Buses’ extensive production and maintenance expertise in automotive serial additive manufacturing for trucks, buses, and motorcoaches with 3D Systems’ proficiency in 3D printing technology, materials, and applications.

    The partnership also incorporates Oqton’s advanced software capabilities and Wibu-Systems’ expertise in digital rights and intellectual property (IP) management. This synergistic approach allows Daimler Buses to offer enhanced service capabilities to its certified additive manufacturing (AM) partners while simultaneously safeguarding its valuable IP and competitive advantage.

    Enhanced Efficiency and Reduced Downtime for Commercial Fleets

    This innovative solution empowers Daimler Buses’ certified 3D printing partners to manufacture spare parts locally for a range of applications, including underhood components and cabin interior elements such as pins, covers, and inserts. This localized production significantly increases flexibility and efficiency, resulting in a reduction of up to 75% in the time required to obtain necessary parts.

    Consequently, commercial truck, bus, and touring coach companies will experience substantial indirect cost savings by minimizing vehicle downtime due to maintenance. For these companies, the decrease in downtime results in higher output and income generating.

    A New Era of Supply Chain Resilience and Decentralized Production

    Daimler’s partnership with 3D Systems, a top producer of 3D printing technology, is a big step toward achieving its goal of producing replacement parts in a decentralized manner. Through decentralized manufacturing, the solution’s integration of Digital Rights Management (DRM) enables faster servicing times, further increasing commercial vehicle owners’ efficiency and income.

    The new solution allows for on-demand production through collaboration with local service bureaus, drastically reducing wait times and improving overall productivity, ushering in a new era of supply chain resilience. The integration of 3D Systems’ SLS 380, a high-throughput additive manufacturing solution, further enhances the workflow, marking the first integration of this technology into Daimler Buses’ operations.

  • Digital Dentistry Leap Is Driving 3D Systems (DDD) Stock Higher

    Digital Dentistry Leap Is Driving 3D Systems (DDD) Stock Higher

    3D Systems Corporation (NYSE: DDD) has reported a significant update on its dental growth strategy, leading to a bullish trend in its stock performance during the pre-market session. As of the latest market check, DDD shares have surged by 12.68%, reaching $3.89 on US stock charts.

    Expanded Focus And Technology Roadmap

    3D Systems (DDD) unveiled an expanded focus and a comprehensive technology roadmap aimed at delivering the most extensive range of solutions in the burgeoning digital dentistry market. This portfolio encompasses solutions for the alignment, protection, repair, and replacement of teeth, making it the most extensive offering from any additive manufacturing solutions provider in the industry.

    Additionally, 3D Systems has entered into a multi-year purchase agreement valued at nearly a quarter-billion dollars through 2028. This contract supports the indirect manufacturing process for clear aligners, reinforcing the company’s established reputation as a key supplier of 3D printing technology in the clear aligner market.

    Currently, 3D Systems’ technology facilitates the production of approximately one million patient-specific clear aligners daily. The company views this milestone orthodontics contract as a robust foundation for launching the next phase of significant expansion in the dental market, which will include innovative technology for the direct printing of clear aligner products.

    Leadership In Digital Dentistry And Future Prospects

    3D Systems has solidified its leadership position in digital dentistry through an optimized workflow that enhances speed, productivity, efficiency, and precision, thereby improving the patient experience. The company’s proprietary Figure 4 technology powers the NextDent 5100 and NextDent materials, forming the cornerstone of a digital dentistry solution.

    This solution currently enables the production of trays, models, surgical guides, dentures, orthodontic splints, retainers, crowns, and bridges. Building on the success of its NextDent technologies, 3D Systems is now venturing into new oral applications such as night guards.

    The urge to stop night grinding, which affects millions of people globally, is driving up demand for night guards, which is why the industry is growing quickly. The use of night guard in the management of sleep apnea and associated conditions is also growing. The company anticipates that night guards will become a crucial component of its dental technology portfolio in the coming years.

  • 3D Systems Corp. (DDD) Stock Inclining in Afterhours Following Financial Statement Release.

    3D Systems Corp. (DDD) is an innovative 3D printing company. It is also a leader in additive manufacturing solutions and brings novelty, performance, and durability to each interaction. The company addresses a wide variety of contemporary applications in industrial and healthcare markets.

    The price of DDD stock during the regular trading on February 28, 2022, was $17.8 with a gain of 2.18%. At the last check of aftermarket, the stock further rises by 12.2%.

    DDD: Key Financials

    On February 28, 2022, DDD released its fourth-quarter 2021 financials for the quarter ended December 31, 2021. Some of the important highlights are discussed here.

    Revenue

    Total revenue in the fourth quarter of 2021 was $150.9 million in contrast to $172.7 million in the same year-ago period. The company noticed a decline in its year-over-year revenue by 12.6%. Also, the company beat the expectations of the analysts which assumed revenue of $143.9 million.

    EPS

    Basic and diluted net loss per share in Q4 2021 was $6.2 million or $0.05 against $19.8 million or $0.16 in the same year-ago quarter. The company observed an incline in its EPS over the year. Also, it topped the EPS estimates of the analysts of -$0.09.

    DDD: Events and Happenings

    On February 23, 2022, DDD reported the entry into an acquisition contract with Kumovis, which is a German additive manufacturing solutions provider. DDD will enhance Kumovis’ unique extrusion technology to its wide-ranging polymer printing healthcare platform.

    On February 23, 2022, DDD announced its entry into an acquisition contract with Titan Additive LLC. With the purchase, DDD will increase its polymer AM solutions platform’s strength and breadth to address the latest applications in markets.

    On February 21, 2022, DDD updated on its entry into a strategic collaboration with Saremco Dental AG. Both the companies agreed to accelerate novelty in digital dentistry and enable dental clinics to address a diversity of indications with accuracy, productivity, and lower cost. Both the companies also announced the immediate availability of material of CROWNTEC utilized with the company’s NextDent 5100 3D dental printer to produce specified permanent crowns. On January 05, 2022, DDD informed that its management participated in the Virtual 24th Annual Needham Growth Conference on January 12, 2022.

    Conclusion

    DDD stock downplayed in the past year as the sales of the companies were impacted by the pandemic. The current aftermarket stock gain is phenomenal and the impact of the financial statement. The company topped both the revenue and EPS estimates of the analysts.