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.
