3D system releases financial report for 2019, overall performance drops 9%

UNLANDS is a digital manufacturing cloud platform based on 3D printing technology. We provide Internet infrastructure, technical support and marketing platforms for 3D printing service providers, users and other ecological enterprises, so that they can interact with users and customers through the power of the Internet. Core businesses include 3D smart buildings, digital models, cloud computing and innovation projects.

3D Systems released financial results for the fourth quarter and full year of 2019. According to reports, total revenue for fiscal 2019 was $ 629.1 million, a 9% decrease from $ 687.7 million for fiscal 2018. In the fourth quarter of 2019, 3D Systems Corporation's revenue accounted for $ 164.6 million of total annual revenue, a decrease of 9% from $ 177.3 million in the fourth quarter of 2018. The decrease in revenue was due to the decline in printer sales, which was due to delayed delivery of factory metal printers, the timing of orders for large corporate customers, and the weak macro-industrial environment. However, 3D Systems' materials have increased in the fourth quarter of 2019. On a conference call that released financial results, the software was highlighted as a growth opportunity for 3D systems and the company's metal 3D printing platform in 2020. 3D Systems also predicts that healthcare will be a growth area in 2020. Vyomesh Joshi, President and CEO of 3D Systems, explains: "By 2020, we believe we have the right products and solutions, including factory metal printers that we plan to deliver in the second quarter, To accelerate the adoption of additive manufacturing technologies and drive revenue growth. "In 3D Expert Version 15, supported power sources support 3D system revenues are generated automatically. The revenue of 3D systems is divided into two sectors: products and services. Products include the company's revenue from 3D printers and materials, while services include 3D Systems' healthcare solutions and the company's traditional on-demand manufacturing capabilities. According to reports, product revenue was US $ 104 million in the fourth quarter of 2019, a decrease of 8% from the fourth quarter of 2018 (US $ 131.1 million). As of December 31, 2019, annual product revenue was $ 384.6 million. Total revenue for the product in fiscal 2018 was $ 429.2 million, a decrease of 10.4%. Across the product division, 3D Systems reported a 34.3% drop in revenue from 3D printers compared to fiscal 2018. Over the same period, material income also fell by 0.6%. Although 3D printer revenue continued to decline in the fourth quarter of 2019, a 22.8% decrease from the fourth quarter of 2018, materials revenue increased by 7.3%. According to reports, service revenue in the fourth quarter of 2019 was $ 60.6 million, a decrease of 10.4% from $ 67.7 million in the fourth quarter of 2018. Throughout the year, services contributed $ 244.5 million in revenue, compared to $ 258.4 million in 2018. On-demand services revenue for 3D systems fell by 17.7% in the fourth quarter of 2019. 2%, down 13.5% in fiscal 2019. Speaking of performance over the past 12 months, Josh said he was satisfied with the material growth shown in the graph: "Despite the negative macroeconomic factors, I am satisfied with the material growth in the second half and our continued focus on costs . "In fiscal 2018, material creation was listed as the focus of attention in 2019. Focus on healthcare and software 3D systems will focus on software and healthcare in 2020. Both departments have been involved in many launches and collaborations over the past year. The company has released an annual update of its 3DXpert 3D printing preparation software, with the latest version released in SOLIDWORKS WORLD 2020. In February 2019, 3D Systems also announced a new version of its Geomagic CAD software solution. 3D Systems' VSP orthopedic solution has been certified by the US Food and Drug Administration, enabling surgeons to obtain clear 3D visualizations of patient anatomy and develop personalized surgery plans before entering the operating room. In healthcare, 3D Systems has recently partnered with Israeli bioprint material developer CollPlant to provide a technology suite for bioprinted tissue and scaffolds. In October 2019, the company also announced a partnership with Belgian biotechnology company Atron to develop renewable products for personalized patient care. During the conference call, Josh explained: "Healthcare remains an important area of ​​focus for the company. We expect the manufacturing of medical devices, medical simulators and professional services in the healthcare industry to continue to grow in 2020. We have incredible software Assets. As we launch new products and increase market access, we will start developing software in 2020. "If you like it, please compliment it. "Despite the negative macroeconomic factors, I am satisfied with the material growth in the second half of the year and our continued focus on costs." In FY2018, material creation was listed as the focus of attention in 2019. Focus on healthcare and software 3D systems will focus on software and healthcare in 2020. Both departments have been involved in many launches and collaborations over the past year. The company has released an annual update of its 3DXpert 3D printing preparation software, with the latest version released in SOLIDWORKS WORLD 2020. In February 2019, 3D Systems also announced a new version of its Geomagic CAD software solution. 3D Systems' VSP orthopedic solution has been certified by the US Food and Drug Administration, enabling surgeons to obtain clear 3D visualizations of patient anatomy and develop personalized surgery plans before entering the operating room. In healthcare, 3D Systems has recently partnered with Israeli bioprint material developer CollPlant to provide a technology suite for bioprinted tissue and scaffolds. In October 2019, the company also announced a partnership with Belgian biotechnology company Atron to develop renewable products for personalized patient care. During the conference call, Josh explained: "Healthcare remains an important area of ​​focus for the company. We expect the manufacturing of medical devices, medical simulators and professional services in the healthcare industry to continue to grow in 2020. We have incredible software Assets. As we launch new products and increase market access, we will start developing software in 2020. "If you like it, please compliment it. "Despite the negative macroeconomic factors, I am satisfied with the material growth in the second half of the year and our continued focus on costs." In FY2018, material creation was listed as the focus of attention in 2019. Focus on healthcare and software 3D systems will focus on software and healthcare in 2020. Both departments have been involved in many launches and collaborations over the past year. The company has released an annual update of its 3DXpert 3D printing preparation software, with the latest version released in SOLIDWORKS WORLD 2020. In February 2019, 3D Systems also announced a new version of its Geomagic CAD software solution. 3D Systems' VSP orthopedic solution has been certified by the US Food and Drug Administration, enabling surgeons to obtain clear 3D visualizations of patient anatomy and develop personalized surgery plans before entering the operating room. In healthcare, 3D Systems has recently partnered with Israeli bioprint material developer CollPlant to provide a technology suite for bioprinted tissue and scaffolds. In October 2019, the company also announced a partnership with Belgian biotechnology company Atron to develop renewable products for personalized patient care. During the conference call, Josh explained: "Healthcare remains an important area of ​​focus for the company. We expect the manufacturing of medical devices, medical simulators and professional services in the healthcare industry to continue to grow in 2020. We have incredible software Assets. As we launch new products and increase market access, we will start developing software in 2020. "If you like it, please compliment it.

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