Financial News
3D Printing Sector Spotlight: DDDX, DDD, MTLS, NNDM
The world of 3D printing is experiencing a remarkable surge, propelling the global market to a valuation of $16.75 billion in 2021, according to Grand View Research. What's even more captivating is the projection that this thriving sector will witness a compound annual growth rate of 23.3% from 2023 to 2030, soaring to an impressive revenue of $88.28 billion.
This exponential expansion is reshaping industries across the board, completely transforming the landscape of manufacturing and product prototyping. From automotive and aerospace to healthcare, the adoption of 3D printing is enabling businesses to fabricate prototypes, tailor-made components, and even entire vehicles with unprecedented ease.
With the industrial printer segment currently dominating the market, the future of 3D printing holds immense potential to revolutionize the way we live and work. Let’s take a closer look at four stocks that could be watchlist-worthy given how the 3D printing sector is shaping up.
3DX Industries Inc. (OTC: DDDX) is an emerging player specializing in 3D metal printing and precision manufacturing processes. With its expertise in advanced manufacturing techniques and a range of cutting-edge equipment, the company excels in delivering exceptional results across various sectors, including aerospace, automotive, and healthcare.
On July 12, 2023, DDDX announced the successful completion of turnbuckles and similar parts manufactured for US Navy vessels. This achievement is a significant milestone, showcasing the company's precision engineering and innovative manufacturing capabilities. Building on this success, 3DX Industries is actively seeking exclusive manufacturing partnerships with prominent leaders in the marine industry.
"We are thrilled to continue to maintain this relationship with the US Navy, and we are eager to pursue manufacturing partnerships with world-class marine companies and shipbuilders worldwide," said Roger Janssen, CEO of 3DX Industries. "Our commitment to excellence and innovation positions us to be the perfect partners for these companies that can utilize our manufacturing services.
The company is now in the process of submitting manufacturing proposals to MarineMax (HZO), Brunswick Corporation (BC), MasterCraft Boat Holdings, Inc. (MCFT), All American Marine, Vision Marine Technologies, BRP Inc. (DOOO), Groupe Beneteau (BEN), Hanse Yachts AG, and Corvus Energy.
This announcement follows a significant investment in the 3DX Industries 3D print lab. Last month, DDDX announced a series of updates to its print lab. These enhancements, including new print heads, valves, and software optimizations, are aimed at significantly improving production efficiencies. “'These upgrades are an investment in our business and the confidence we have in the industry,” states Nicholas Coriano, VP of East Coast Operations for 3DX Industries. Mr. Coriano further comments, “Investing into these quality additions gives us the opportunity to stay at the forefront of the technology and service new and existing customers with the latest in Metal Printing Technology. These upgrades allow us to offer our clients the very best in 3D Metal Printing Services and Solutions.”
With its strong commitment to excellence, innovation, and expanding market reach, 3DX Industries presents a compelling investment opportunity. The company's specialization in advanced manufacturing techniques, including 3D metal printing and CNC machining, combined with its recent equipment upgrades, positions it to capitalize on the ongoing growth in the precision manufacturing sector.
As 3DX Industries pursues manufacturing partnerships with industry-leading marine companies, it showcases its dedication to delivering top-notch manufacturing services. The company's focus on excellence and innovation, as well as its pursuit of partnerships with world-class marine organizations, sets the stage for continued growth and positions 3DX Industries as an exciting prospect in the precision manufacturing sector.
3D Systems (NYSE: DDD) has carved a niche in providing 3D printing and digital manufacturing solutions backed by powerful technologies such as stereolithography, selective laser sintering, direct metal printing, and multi-jet printing.
As the need to manufacture solid items and three-dimensional printing metals grows, 3D Systems should be the go-to company. Additionally, 3D Systems remains well positioned to benefit from transitioning to 3D production as it invests millions of dollars in material innovation across its vast portfolio.
DDD has already inked a strategic partnership with Munich-based Oerlikon AM to scale metal additive manufacturing. The two are to work together to catalyze metal AM applications in high-criticality markets like semiconductors and aerospace.
In addition, 3D Systems has moved to change the landscape of the additive manufacturing industry to unlock more value by inking a binding offer to combine with Stratasys Ltd. (NASDAQ: SSYS). The merger allows the company to scale up its operations in the fast-growing 3D printer space.
The merger of the two companies is expected to result in a combined company likely to be a dominant player in the space with a range of technologies able to generate significant value.
Materialise NV (NASDAQ: MTLS) is another company tapping into the multi-billion-dollar opportunity in the 3D printing segment. The company provides additive manufacturing, medical software, and 3D printing services. It also runs one of the largest 3D printing factories in the world that also makes 3D-printed eyewear.
Consequently, it has inked a strategic partnership with Vuzix Corporation (NASDAQ: VUZI) to accelerate the design and production of smart eyewear using 3D printing technology. The two companies intend to accelerate the development of new enterprise applications, ranging from warehouses to operating rooms. Similarly, they intend to capitalize on the opportunity presented by third-party technology sports and entertainment brands that intend to introduce smart eyewear to consumers.
3D printing is becoming increasingly popular in eyewear production, giving rise to unique design capabilities with a fast and flexible production process. Materialise remains well positioned to attract significant orders for its products and solutions as brands resort to 3D printing to leverage the competitive edge of reduced time to market and unique design.
Materialise has been firing on all cylinders, going by the solid first quarter results that affirmed robust underlying growth. Revenues in the quarter were up by more than 24% as the company benefited from strong growth in both Materialise Medical and Materialise Manufacturing revenues.
Nano Dimension Ltd. (Nasdaq: NNDM) is a leading supplier of additively Manufactured Electronics and multi-dimensional polymer and 3D printers, continues to attract strong demand for its products. The company is fresh from closing landmark sales of additive manufacturing printers and additive electronics with large-scale businesses and organizations.
The initial sales, which total over $4 million, include recurring revenues to businesses and organizations that are leaders in their respective fields. Part of the sales are to a space exploration company, satellite equipment innovator and national defense agency, whereby the company has been able to safeguard a key revenue stream.
Even as the company continues to record strong product demand, it is exploring strategic exploration consolidation to strengthen its competitive edge. It’s one of the companies in the run to acquire Stratasys as it looks to enhance its prospects in the burgeoning 3D printing segment.
Consequently, Nano Dimension has increased its special tender offer from $20.05 to $24 a share, with the new price offer representing an 85% premium to Stratasys historical trading levels.
Disclaimers:CapitalGainsReport (CGR) is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. CapitalGainsReport (CGR) is owned by RazorPitch Inc. and has been retained by Cambridge Consulting to assist in the production and distribution of content related to DDDX. 'CGR' is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by CapitalGainsReport/RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. CGR/RazorPitch is not a fiduciary by virtue of any persons use of or access to this content.
Media Contact
Company Name: Capital Gains Report
Contact Person: Mark McKelvie
Email: Send Email
City: NAPLES
State: FLORIDA
Country: United States
Website: https://capitalgainsreport.com/
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.