After a couple of weeks of being neglectful due to having a packed schedule and a cheeky holiday, the Market Roundup is back - and what a week to get back in the saddle.
It is Q2 results time and 3D Systems (NYSE: DDD) has kicked off proceedings by releasing yet another stellar parcel of figures reflecting a prosperous April-June period. Stratasys (NASDAQ: SSYS) and ExOne (NASDAQ: XONE) will follow suit but obviously their own stock is affected by what happens to 3D Systems, given the relatively small size of our 3D printing stock cluster.
Arguably the biggest of the Big Three has done it yet again and unveiled a fantastic set of second-quarter figures. Gross profit for the industry juggernaut increased by 46 per cent and gross profit margin expanded by 40 basis points to 51.8 per cent.
Second-quarter revenue rose by 45 per cent year on year to $120.8 million on a 108 per cent increase in revenue brought about from printers and other products.
For the six months to June, 3D Systems' revenue is up by more than one-third (38 per cent) to $222.9 million on an increase of 85 per cent in revenue from printers and other products.
Needless to say Q2 was a fraught one for the industrious company, sealing an acquisition deal with RPDG and signing off the merger with Phenix Systems, paving the way for a prosperous second half.
3D Systems shares spiked just before news of its results for the second quarter were revealed, but the company's stock dipped from $50.50 per unit to just over $47.00 yesterday. At the beginning of trading today (August 2nd), the company's share price is down by 0.2 per cent to $47.47 per unit.
Stratasys will be discussing its Q2 earnings in a conference call on August 8th, so investors still have a week to wait before they find out how the company did over the three-month period. Needless to say, the acquisition of MakerBot stands the company in good stead, although we will not see the financial benefits of this massive industry deal until well into the next quarter.
But a company cannot be in a bad position to strike a circa-$400 million deal and Stratasys' strong market performance over the last couple of months is proof of this.
The company's shares slipped by 0.5 per cent at market open today, dropping to $89.95 per share and dipping from the +$90.00 per unit run Stratasys relished at the beginning of July. But this is still much better than at the beginning of the year, when Stratasys shares cost $80.00 per unit, while this time in 2012, the company's share price was hovering between $60.00 and $70.00 per share.
Despite this arguably being 3D Systems' week, our newest addition to the 3D printing stock set is doing rather well.
ExOne has expanded its 3D metal printing capability, adding to its suite of binder solutions this week, including iron infiltrated with bronze as a new material - which could prove a lucrative business move as the popularity of 3D printing with metal continues to pick up pace.
ExOne is also due to release its second-quarter figures, but will do so after Stratasys. This week the company stated that its teleconference concerning results from the April-June period on August 13th.
So at market open in New York today, ExOne's shares rose by 0.5 per cent to $62.15 per unit, marking a huge $40 increase since the company hit the stock market for the first time back in February. It will be exciting to watch how this company's first year on the stock market pans out.