Tag Archives: My Robot Nation
3D Systems Issues New Common Stock; Watch Out for M&A
3D Systems Stock Issue Hints at New M&A Activity
3D Systems Corporation (NYSE:DDD) today announced that, at its annual meeting held today, its stockholders approved an amendment to its Certificate of Incorporation to increase the authorized number of shares of Common Stock from 120,000,000 to 220,000,000.
“We are grateful to our stockholders for their support,” said Avi Reichental, President and Chief Executive Officer, 3D Systems. “This increase in our authorized shares restores our flexibility to use newly issued shares of our common stock for appropriate corporate purposes.”
What could those corporate purposes be? Likely more M&A. Last year, 3D Systems acquired a number of companies, including:
- Bespoke Innovations in May 2012 for 3D printed personalized prosthetics
- FreshFiber in May 2012 for 3D printed electronics accessories
- My Robot Nation in April 2012 for creative solutions to support 3D printing community Cubify for kids and adults
- Paramount Industries in April 2012 to advance aerospace and medical device 3D printing
With Sites Set on LEGO, 3D Systems Cubify Launches Robot Toy Line
3D Systems’ consumer brand Cubify has announced a new toy line called Cubify robots. This move follows the acquisition of My Robot Nation and launch of the Cube consumer 3D printer.
We have published several features about the toy industry and how 3D printing will disrupt it, including the father who printed the Rosetta stone for toys.
Now 3D Systems is taking a page from LEGO and other popular toy manufacturers by making collectable toy robots whose parts are interchangeable.
From the 3D Systems press release:
3D Systems Corporation announced today the immediate availability of its new Cubify® toy robots designed specifically for printing on Cube®, the world’s first home 3D printer. The entire collection can be downloaded and printed at home on your Cube 3D printer.
Starting at just $4.99, Cube printed robots are also available for home delivery through Cubify and come individually packaged or in sets of three with exciting options to choose from like ray-guns and rocket-packs.
Cubify® robots are moveable, poseable and printable in colorful, lego-like plastic. Printed parts can be snapped together, swapped and colors mixed to create an amazing new robot, or an entire crew. With thousands of possible combinations, Cubify robots provide hours of educational and creative fun for kids and adults alike.
“We are thrilled with these cute, playful new Cubify robots. Kids of all ages can collect the entire series as they create unique configurations to amaze their friends,” said Cathy Lewis, Vice President of Global Marketing for 3D Systems. “Our excitement continues to build with each new toy and app we make available to our growing Cubify community.”
3D Systems to Raise $100 Million in Common Stock for Acquisitions
3D printer manufacturer 3D Systems (NYSE:DDD) announced that it will raise $100 million by selling common stock.
[The company] intends to use the net proceeds from the offering to finance future acquisitions of other entities or their assets and for working capital and general corporate purposes.
The market did not respond well to this announcement, and shares dropped 6% in after hours trading. Their market capitalization this morning is $1.57 billion.
3D Systems has recently been on an acquisition bender:
- Bespoke Innovations in May for 3D printed personalized prosthetics
- FreshFiber in May 2012 for 3D printed electronics accessories
- My Robot Nation in April 2012 for creative solutions to support 3D printing community Cubify for kids and adults
- Paramount Industries in April 2012 to advance aerospace and medical device 3D printing
3D Systems also posted a healthy Q1 with record revenue and printer units sold. We reported how 3D printing stocks are hot, up 180% over 6 months and beating out the stock market indices.
Based on this announcement, it appears that more consolidation is on the roadmap for the 3D printing industry, and that 3D Systems is looking to take an early lead as juggernaut in the market.
3D Systems CEO: 3D Printing Will Be As Big As the iPad
The Cube is coming and it’s going to help 3D printing be as big as the iPad.
That’s the message 3D Systems CEO Abe Reichental wants you to understand. The Cube is 3D Systems’ new printer targeted at the mass consumer. It simplifies the process of getting from design to print via embedded Wi-Fi and cloud printing. The Cube will retail for $1,299 which undercuts the current consumer standard MakerBot Replicator by $500.
There is no doubt that Mr. Reichental has conviction about his belief in the growth of the 3D printing industry. 3D Systems transfered from NASDAQ to NYSE just one year ago and has grown its market cap by 40%. It has since been on an acquisition tear, picking up My Robot Nation, FreshFiber and several other companies. The 3D printer company recently reported record revenue for Q1 and is now placing bets on its Cube consumer printer and Cubify design portal.
In an interview with VentureBeat, Mr. Reichental commented on why 3D printing will become as big as the iPad:
There are very few artists around the world that can start painting on a blank canvas, but there are millions of people who can use a coloring book.
And further on his expectations for printer prices over time:
The prices will come down. It’s inevitable that in the next year or year-and-a-half prices will be half of what they are today, and then come down again.
We are excited to see the launch of the Cube printer!
Via VentureBeat.
iPad Crowd photo from niallkennedy used under Creative Commons license.
3D Systems Q1 Results: Record Revenue and Printer Units, M&A Activity [Earnings]
“We are pleased to report another quarter of record revenue and printer units,” said Abe Reichental, 3D Systems’ President and Chief Executive Officer. “Record print materials revenue and continued margin expansion drove our consolidated gross profit margin upward validating the earnings power of our business model.”
3D Systems (NYSE:DDD) is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike.
Revenue increased 63% to $77.9 million over the first quarter of 2011. Printer units grew 153% for the quarter compared to 2011. Gross profit grew 67% for the first quarter on higher revenue and gross profit margin expanded 143 basis points over the 2011 period to 50%.
The company generated $15.8 million of cash from operations in the first quarter 2012, after incurring a $13.1 million increase in its operating expenses from expected acquisition and higher sales and marketing costs. The increase also included $2.1 million of higher R&D expenditures in support of its Cubify.com consumer initiative and expanded R&D programs in support of the businesses it acquired during the first quarter of 2012, including My Robot Nation.
The company ended the first quarter of 2012 with $60.0 million of available cash, including $15.8 million of cash from operations.
The company affirmed its annual guidance for the full year 2012 and expects its revenue to be in the range of $330 million to $360 million and its non-GAAP adjusted earnings per share to be in the range of $1.00 to $1.25.
To experience 3D Systems’ entire range of 3D content-to-print products and services please visit www.printin3D.com , www.production3dprinters.com , www.zcorp.com , www.toptobottomdental.com , www.3Dproparts.com , www.quickparts.com , www.paramountind.com , www.zcorp.com , www.alibre.com , www.bitsfrombytes.com , www.cubify.com , www.myrobotnation.com , www.The3dStudio.com , www.freedomofcreation.com , www.sycode.com , www.botmill.com , blog.3dsystems.com, or via email at moreinfo@3Dsystems.com.
Via MarketWatch.
