3D Systems Corporation (NYSE: DDD), Amazon.com, Inc. (NASDAQ: AMZN) – 5 3D printing actions to watch
3D printing has created everything from knick-knacks to single-family homes, and its potential seems limitless. Some of the more recent product developments generated by this technology include plant-based steaks, reusable rockets, aircraft engines and a school in Malawi.
The global market for 3D printing products and services was valued at around $ 12.6 billion in 2020, according to data from Statista Research Department, and it is expected to grow at a compound annual growth rate of around 17% between 2020 and 2023.
Not less than a number than Cathie Bois, whose Ark Invest operates an exchange-traded fund partly focused on 3D printing, said it was “one of the industries with the highest growth potential in the economy.”
In many ways, the 3D printing industry is a work in progress as the full range of applications of this technology is slowly adopted by different industries.
For your consideration, here are five 3D printing companies whose stocks might deserve a little more attention.
Nano Dimension Ltd – ADR: (NASDAQ: NNDM) This Israeli company was founded in 2012 and is best known for its proprietary DragonFly technology using digital files and simultaneous 3D printing of dielectric and conductive materials to create multi-layered electronic devices. A 2.0 version of the technology was announced in May.
Hiring alumni Amazon.com Inc. (NASDAQ: AMZN) executive Sean Patterson as president for the Americas, acquisitions of the 3D micro-printing supplier NanoFabrica Ltd. and machine learning / deep learning supplier DeepCube Ltd. and a joint venture with Germany Hensoldt AG focused on creating the next generation of electronic 3D printing designs.
In its first quarter results, Nano Dimensions reported revenue of $ 811,000, up from $ 702,000 a year earlier, and a net loss of $ 9.3 million, compared with a loss of $ 2 million. the previous year.
At last check, its stock was trading at $ 7.70, sandwiched between its 52-week high of $ 17.89 and its 52-week low of $ 1.31.
Proto Labs Inc .: (NYSE: PRLB) Founded in 1999 and headquartered in Maple Plain, Minnesota, this company is a digital manufacturing source for low-volume prototypes and production parts created with industrial 3D printing, CNC machining, sheet metal fabrication and injection molding.
Proto Labs started the year with the acquisition of 3D Hubs Inc., an online custom parts manufacturing platform and the launch of a new digital quotation and design analysis platform for US customers to improve project management with greater transparency – a platform -similar shape was created for its European customers at the end of last year.
In its first quarter results, Proto Labs reported revenue of $ 116 million, up from $ 115 million a year earlier, and net profit of $ 3.7 million, up from $ 13.9 million. dollars the previous year. Its stock is now at $ 89.10, a little closer to its 52-week low of $ 82.60 than its 52-week high of $ 286.57.
Stratasys Ltd. : (NASDAQ: SSYS) Incorporated in 1989 and headquartered in Eden Prairie, Minnesota, this company offers 3D printing systems and materials and also leverages the online resources of the 3D printing industry. Thingiverse.com and GrabCAD community.
Earlier this year, Stratasys completed the acquisition of the San Francisco-based additive manufacturing supplier Origin and based in the UK RP Support Ltd., a supplier of industrial stereolithography 3D printers and solutions. The company also introduced a trio of 3D printing solutions.
Stratasys reported first quarter revenue of $ 134.2 million, up from $ 132.9 million a year earlier, and a net loss of 18,911, down from a loss of 21,788 in the Q1 2020. Its stock is currently at $ 23.32, which is closer to its 52-week low of $ 11.89 than its 52-week high of $ 56.95.
3D systems company: (NYSE: DDD) Founded in 1986 and headquartered in Rock Hill, South Carolina, this company serves a global market with a variety of hardware, software, materials and services, with a focus on the health and industry.
Over the past two months, the company has seen a mix of growth strategies and calculated rationalization. It acquired a pair of companies – the supplier of 3D bio-printing and bio-inks Allevi Inc. and the German software company Additive Works GmbH and announced plans for a 50,000 square foot expansion of its Denver-area plant while selling its on-demand manufacturing business to the private equity firm North America Trilantic for $ 82 million.
In its first quarter earnings report, 3D Systems reported revenue of $ 146.1 million, up 7.7% from $ 135.6 million a year earlier, with net profit of $ 45.2 million compared to a loss of $ 18.9 million a year earlier. At last check, its stock was trading at $ 36.11, closer to its 52-week high of $ 56.50 than its 52-week low of $ 4.60.
3DX Industries Inc .: (OTC: DDDX) Founded in 2008 and headquartered in Ferndale, Oregon, this company focuses on metal and plastic 3D printing as well as additive and traditional manufacturing services including product design, engineering and assembly services.
The company is also in a phase of expansion: last month it hired an inventor and an agronomist. Anthony J. Bredberg to lead its new research and development division while acquiring a portfolio of patents to create a more environmentally friendly end product.
3DX has also recruited new executives to boost marketing, identify struggling and undervalued manufacturing facilities for potential acquisition, and grow market share along the East Coast.
The new management team has their work cut out for them: First-quarter revenue was $ 77,823, up from $ 87,115 a year earlier, while its loss in net income of $ 514,236 was greater at the loss of $ 91,638 from the previous year. The company has used its quarterly report to commit to raising “additional funding through debt and / or equity financing and other means it deems necessary, with the intention of going. forward and maintain sustained growth in its strategic phases ”.
Still, penny stock fans and Reddit monkeys looking for unlikely opportunities might want to follow 3DX, whose economic action was trading 10 cents at last check, sandwiched between its 52-week high of 23. cents and its 52 week low on 1 penny.
(Illustration: Mohamed Hassan / Pixabay.)
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