Shares Of 3D Systems Volatile As Company Discusses Investor Day Highlights, Guidance

In a press release on Monday, 3D Systems DDD offered highlights from last week's Investor Day and raised guidance.

Investor Day Highlights

• 3D Systems "recently completed a $300 million equity raise. Management plans to deploy proceeds to complete several acquisitions related to the company's growth initiatives centered around its stronger focus on materials, medical and metal ("the 3 M's") and its ongoing Quickparts global expansion."
• During Investor Day, the company highlighted its printing innovations, including doubling the printing speed of current engines every 18 months.
• Management revealed the "racetrack" 3D printer which "enables continuous printing of higher functionality polymers at speeds 50x faster than all existing jetting technology." The company plans to showcase this production platform at Euromold 2014.
• 3D Systems continues to see opportunity in broad based consumer adoption. The company "emphasized the importance of establishing a virtual to actual digital thread in every segment of the consumer end markets, using its strategy in entertainment merchandising as an example."
• Recent partnerships with Hershey's and Staples are expected to drive product and innovation.
• The company revealed plans for the first digital bakery in Los Angeles in the Fall of 2014.
• Healthcare solutions maintains strength as the fastest growing vertical. Management "plans to invest and expand its virtual surgical planning (VSP(R)) capabilities, broaden its range of implants and surgical tools manufacturing and develop new personalized medical devices, such as the recently introduced Bespoke scoliosis brace."
• The demand for its metal printers continues to grow with "immediate applications" in aerospace, automotive, jewelry, dental and other fields.
• Management "stated that although it has more patents than employees, its marketplace leadership is defined less by its patents and more by its ability to provide a sticky value chain that addresses the broadest range of opportunities powered by a proprietary digital thread and a differentiated channel of global scale and reach."

Revised Guidance

• Management forecasts $1 billion in annual revenue for 2015.
• The company expects higher consumer revenue contribution in the second half of 2014 due to the rollout of new products and partnerships.
• 2014 revenue was raised by $15 million to be within $695 million and $735 million.
• 2014 non-GAAP EPS is unchanged in the range of $0.73 to $0.85.

Stock Action

Shares of 3D Systems closed at $49.32 on Friday. In Monday's pre-market trading, the stock jumped as high as $50.80. Shares are currently hovering just under $50.00, up more than 0.74 percent, before the opening bell.