3D Systems reports financial results for 2019, presents focus on software and healthcare for 2020

General News

Summary

The fall in revenue has been attributed to a decline in printer sales, caused by a delay in factory metals printing shipments, the timing of large enterprise customer orders and the softer macro industrial environment. Products comprise the company’s revenue generated by 3D printers and materials, whereas Services include 3D Systems’ healthcare solutions and the company’s general on-demand manufacturing capabilities. With an upcoming focus on software and healthcare for 2020, 3D Systems has been engaged in a number of launches and collaborations in relation to both these segments over the last year. The company has been releasing consistent yearly updates for its 3DXpert 3D printing preparation software, with the most recent one arriving during SOLIDWORKS WORLD 2020. Featured image shows new zero-thickness struts fill object with open faces allowing for lower weight and faster printing.

Classifications

industries
Engineering
applications
Engineering & Scientific

AskAI Classifications

Labels
CAD/CAM Software Additive Manufacturing Software Industrial Software

Linked Companies

3D Systems
$250M to $500M