Abe Reichental
Apologies for not publishing a roundup last week, Dan O'Connor of Personalize fame and I were dashing around London visiting as many exciting 3D printing-related companies as possible in Zones 1 and 2. Watch this space for some interesting features gleaned from these fantastic meetings and thank you to all the people we met, we had a very fun and fruitful two days.
But back to the markets and our big three have all had interesting weeks.
3D Systems
3D Systems (NYSE:DDD) rallied last week thanks to its outstanding first-quarter results, which it published on April 30th.
The industry giant shot up by 2.3 per cent to $36.62 per unit in the hours following the release of the report, which included such stock-boosting treats as an increase in revenue by one-third year-on-year to $102.1 million and a 61 per cent rise in revenue generated by printer and other product sales.
You would think that the industry powerhouse would slow its media releases down to a trot after this encouraging investor news, but instead it picked up the pace to a gallop, announcing it is acquiring Rapid Product Development Group (RPDG). In connection with the acquisition, 3D Systems raised its 2013 annual revenue and non-GAAP earnings per share guidance to revenue in the range of $460 million to $510 million and non-GAAP EPS in the range of $1.05 to $1.20 per share.
This market-cheering announcement was also followed by the announcement of the expected timing of the pricing of a public offering of common stock worth around $250 million. And in addition to the $250 million from 3D Systems, some stockholders are offering an aggregate of around 1.3 million shares in the offering.
3D Systems has continued its upward curve, beginning the final trading session of the week on a solid share price of $42.01, but the company has endured a 2.3 per cent retreat on open, as the steady rally the company has been enjoying for three weeks looks ready to plateau.
Stratasys
Stratasys (NASDAQ:SSYS) has furnished us with a smattering of news releases over the past fortnight including the announcement of its presence at the Paris Air Show next month.
What's bigger news - investment-wise, at least - is the announcement that Stratasys and Scheu Dental are collaborating to continue the development of digital orthodontics, a lucrative market for the 3D printing heavyweight.
Naturally, investors have been encouraged by the success 3D Systems has enjoyed since the New Year and will anticipate Stratasys to reveal similar successes for the January-March period.
And they don't have to wait long, as the company revealed it would be releasing its first quarterly report for 2013 on May 13th at 08:30 ET.
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Investors already seem to be encouraged by the general feeling that Monday's results are not going to disappoint, as the company's share price has enjoyed a 2.6 per cent rally this morning on Wall Street. Stratasys' share price has jumped by $4 since the beginning of the month and is now holding its ground at around $84.35.
ExOne
ExOne (NASDAQ:XONE) has been quiet in recent weeks, but it too is due to release its results for the fourth quarter of the year.
According to the company, it will be publishing its figures on May 14th and - just like Stratasys - it appears investors are riding the 3D Systems wave and anticipating good results, as the company's share price has rallied by 2.6 per cent, looking set to close the week's trading on $41.34 per unit.
Like Stratasys, ExOne has also enjoyed a prosperous May in the markets, climbing from $37 at the beginning of the month.
New additions to the roundup
In the coming weeks I will be adding new companies to the market roundup, so keep an eye out for details on Arcam and Renishaw.
