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3D系统stock rises by over 90% after strong initial Q4 2020 financial results

3D打印机制造商3D系统has seen the value of its stock jump by 94% after performing better than anticipated in its preliminary Q4 2020 financials.

在去年的最后一个季度中,该公司预计将产生1.7亿至1.76亿美元的收入,比其最初估计的1.4亿美元高25%。该公司还透露,它已经完成了其出售CimatronandGibbsCAM部门,允许其回报价值2100万美元的未偿债务。

3D系统’ positive forecast was received well by investors, and the value of the company’s shares rose from just $13.62 to $21.85 by mid-way through Thursday. The figures also represent a validation of the firm’s two-year restructuring plan, which has seen it make significant cost reductions and focus more on its core verticals.

“In the summer of 2020, we laid out a four-stage plan to deliver increased value to our customers and shareholders,” said Dr. Jeffrey Graves, CEO of 3D Systems. “We are pleased to now see significant progress from these efforts, as reflected in accelerated top-line growth and rapidly strengthening operating margins.”

“凭借我们的组织结盟的好处,我们比以往任何时候都更加乐观,对2021年及以后的未来所看到的令人兴奋的未来。”

根据3D Systems的临时第四季度数字,它预计将超过25%的收入预​​测。通过3D系统照片。
According to 3D Systems’ provisional Q4 figures, it expects to exceed is initial revenue projections by around 25%. Photo via 3D Systems.

3D系统’ return to profitability

Although 3D Systems hasn’t completed its FY 2020 accounting process, initial figures suggest that it began to recover towards the end of a difficult 2020. In Q4 2020, the company exceeded revenue expectations, posting an operating income of $11million to $19million, with 20% sequential growth within its core segments.

最终确定其两个子公司的出售还为该公司筹集了6420万美元,其中包括价值890万美元的现金作为交易的一部分转移给买方。尽管它选择保留对其贷款设施的访问权限,但使用其收回资金的一部分就可以偿还其未偿债务的最后债务。

Additionally, due to its optimistic Q4 revenue outlook, the company has terminated its market equity program early, and no shares of common stock were sold during the quarter. 3D Systems won’t be releasing its full results until February 24th 2021, but according to Graves, the firm has already demonstrated its growth potential.

“Our Team’s ability to deliver over 20% consecutive-quarter revenue growth in both business units, while executing large scale restructuring, was particularly gratifying to see,” said Graves. “Having surpassed our prior year, pre-COVID revenue performance in Q4, we are excited about the trajectory we are on as we enter the new year.”

3D printing’s day of share price increases (07/01/21)
公司 Opening Share Price Current Share Price 移动
3D系统 $13.62 $ 21.85 +94%
Stratasys $ 22.50 $ 27.32 +30%
ExOne $ 10.81 $13.10 +28%
voxeljet $ 10.53 $ 13.06 +29%

从湍流2020恢复

3D系统’ leadership team will likely feel relieved about its provisional results, as the company has suffered three successive quarterly revenue declines in 2020. By Q2, Graves was installed as the firm’s new CEO, and he wasted no time in reforming the company to focus on its key verticals, and attempt to return to profitability.

As part of the restructuring,3D系统cut its workforce by 20%,并在现已倒闭的股权计划中出售了价值1.5亿美元的股票。但是,该公司报告了“rebound in customer activity” in Q3 2020,随着全球锁定后公司开始重新开放,这似乎一直持续到第四季度。

While it remains to be seen whether the pandemic will allow this trend to carry on, for the time being, many other 3D printing companies are also trading well on the exchange.Stratasys例如,在2020年进行了“战略性调整”,以使其实现sequential revenue growth in Q3,仅今天,它的股票上涨了30%。

Metal 3D printing companies have also seen their values rise significantly since台式金属上市尤其是在2020年12月。ExOneandvoxeljet受益,如今,他们分别看到增长了28%和29%,这表明了桌面合并产生的持续利息。

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特色图像显示了Prox SLS 6100机器的系列。通过3D系统照片。