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News Breaks
June 11, 2014
07:15 EDTDDD3D Systems outlook has improved, says RBC Capital
After attending 3D Systems' Analyst Day, RBC Capital is more confident that the company is making the necessary investments to fuel future growth and profitability. The firm expects the company's revenue and profitability to improve as the year progresses. It cut its price target on the name to $64 from $78 but reiterates an Outperform rating.
News For DDD From The Last 14 Days
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November 23, 2015
10:53 EDTDDD3D Systems moves up on renewed takeover chatter
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November 13, 2015
09:03 EDTDDD3D Systems announces two healthcare collaborations
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November 10, 2015
11:08 EDTDDD3D printer makers tumble after ExOne results miss expectations
The shares of 3D printer makers are sinking after one of the smaller companies in the space, ExOne (XONE), reported much weaker than expected results. WHAT'S NEW: ExOne reported a per share loss of 70c, versus analysts' consensus estimate of a per share loss of 11c. The company's revenue came in at $8.9M, versus the consensus outlook of $16.9M. The 3D printer maker provided fiscal 2015 revenue of $40M against the consensus outlook of $55M. ExOne's revenue from 3D printers fell to $2.4M last quarter from $4.2M during the same period a year earlier. However, its revenue from 3D printed and other products, materials and services rose to $6.5M from $5.4M. "Machine sales growth opportunities remain very positive for ExOne and we continue to be enthusiastic about our efforts to establish a dominant market position over time," said ExOne CEO S. Kent Rockwell in a statement."But our customers' delivery scheduling and the complex revenue recognition model for certain of our products and technology have proven to be highly erratic for us to timely predict on a quarter-to-quarter basis," he added. ANALYST REACTION: In a note to investors today, Oppenheimer analyst Holden Lewis said that ExOne's results showed some improvement. The company reported its lowest loss in the past 12 months, and its cash burn rate declined, while its spending eased, the analyst stated. However, the improvement wasn't sufficient, as it still reported a "huge loss" and negative cash flow, Lewis stated. Moreover, the company's machine sales, upon which its future depends, were "poor," the analyst contended. But Lewis said that ExOne's finances did not deteriorate from Q2 levels, while its costs "are under control," its financial model is "stable," and its non-machine business performed well and "hints at value." He kept a $14 price target and Outperform rating on the shares. PRICE ACTION: In morning trading, ExOne tumbled 19% to $8.44, 3D Systems (DDD) dropped 3.5% to $9.75, Stratasys (SSYS) declined 5.5% to $25.25 and Voxeljet (VJET) slid 4% to $5.85.

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