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About 3d Systems Corporation

3D Systems helps product designers and engineers bring their concepts to life. The company's stereolithography apparatuses (SLAs) and other machines create 3D prototypes of everything from toys to airplane parts. The company provides comprehensive 3D printing and digital manufacturing solutions, including 3D printers for plastics and metals, materials, software, on demand manufacturing services and digital design tools. The company's solutions support advanced applications in a wide range of industries and verticals, including healthcare, dental, aerospace, automotive and durable goods.. The company also offers several 3D printing technologies, such as selective laser sintering, direct metal printing, Multi Jet printing, and ColorJet printing. Its tools are used to make healthcare, aerospace, automotive, and durable goods products; brands include Figure 4, NextDent, DuraForm, and VisiJet. The company generates almost half of its sales domestically.

Operations

The company operates as one segment and conduct its business through various offices and facilities.

The company's products consists of a comprehensive range of 3D printers, materials, software, haptic design tools, 3D scanners and virtual surgical simulators. Products generate over a third of the company's revenue.

Services consists of maintenance and training services; on-demand solutions; software services; and healthcare services. Services generate almost 40% of the company's revenue.

The rest of the company's revenue is generated from its material business (over 25% of revenue).

Geographic Reach

3D Systems, based in Rock Hill, South Carolina, does business around the world. The company's sales are spread among the major industrial regions with the US accounting for about half of sales, EMEA providing about 40%, and the Asia/Pacific region supplying over 10%.

The company's headquarters also serve as a research and development site. Other major research and development locations include Cary, North Carolina; San Diego, California; Seoul, South Korea; Tel Aviv, Israel; Valencia, California and Wilsonville, Oregon.

Sales and Marketing

3D Systems primarily sells via a direct sales force but it also uses distributors and resellers for select products and regions. The company's customers include major companies as well as small and mid-size businesses in a broad range of industries, including medical, dental, automotive, aerospace, durable goods, government, defense, technology, jewelry, electronics, education, consumer goods, and energy.

Financial Performance

Revenue for 2019 was $629.1 million, a 9% decline from the previous year. This was primarily due to lower sales volume in all of the company's offerings (products, services, and materials). The company had a net loss of $69.9 million, a 54% decrease from the previous year. This was primarily due to a lower sales volume for the year.

The company's cash for the year ended 2019 was $134.6 million. Operating activities generated $31.6 million, while investing used $26.9 million, mainly for capital expenditures. Financing activities generated another $18.7 million.

Strategy

The company combines customer collaboration and innovation with the expertise of its people to execute a strategy of providing digital manufacturing solutions. These ongoing efforts resulted the creation of nearly 200 million production parts by its customers in 2019.

The company architects solutions specific to customers' needs through a combination of materials, hardware platforms, software and professional services – creating a path to integrating additive into traditional production environments. As a result, manufacturers achieve design freedom, increase agility, scale production and improve overall total cost of operation.

3d Systems Corporation

333 Three D Systems Cir
Rock Hill, SC 29730-7811
Phone: 1 (803) 326-3900

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: DDD
Stock Exchange: , NYSE
President and CEO: Vyomesh I. Joshi
Chairman: G. Walter Loewenbaum
EVP and COO: Mark Wright
Employees (This Location): 100
Employees (All Locations): 2,472

Major Office Locations

Rock Hill, SC

Other Locations

Encinitas, CA
San Carlos, CA
Littleton, CO
Atlanta, GA
Andover, MA
Northville, MI
Cary, NC
Portland, OR
Rock Hill, SC
Lawrenceburg, TN
Seattle, WA
Admiralty, Hong Kong