3D Systems Corporation (DDD) Acquires Bespoke Innovations; Affirms Outlook
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™3D Systems Corporation (NYSE: DDD) has acquired Bespoke Innovations, a startup based in San Francisco, California, that is bringing a more personal approach to the way a broad spectrum of medical devices are developed and used. Bespoke develops proprietary, integrated scan, design and print technology that is designed to deliver custom fit prosthetics, orthotics and orthopedic devices that improve treatment and lifestyle outcomes.
Although the company expects to make additional R&D investments before it can commercialize new Bespoke products, it affirms its previously announced guidance of $330 million to $360 million in revenue and $1.00 to $1.25 Non-GAAP EPS. The company does not expect this acquisition to be material to its revenue for the remainder of 2012. (Consensus is $348 million and $1.07)
Although the company expects to make additional R&D investments before it can commercialize new Bespoke products, it affirms its previously announced guidance of $330 million to $360 million in revenue and $1.00 to $1.25 Non-GAAP EPS. The company does not expect this acquisition to be material to its revenue for the remainder of 2012. (Consensus is $348 million and $1.07)
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