3D Systems (DDD) CFO: No 'Bubble' in 3-D Printing, Demand Will Increase as Prices Ebb
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3D Systems (NYSE: DDD) Chief Financial Officer Damon Gregoire recently spoke at the Piper Jaffray Technology, Media & Telecommunications conference, discussing prospects for the segment as well as the company itself. Piper's event started Tuesday and will run through today.
Gregoire noted that 3D Systems will "keep on acquisition phase" following the acquisition of Geomagic, Inc., as announced in January and completed late last month. More deals are likely to be in medical devices or software, he noted.
Should a company be a good fit for 3D Systems, a deal at or above $137 million wouldn't be out of the question, Gregoire said.
Gregoire averred that 3-D printing wasn't a bubble and that it was here to stay. 3D Systems' 200 percent-plus gain over the last year was driven by the company delivering of its strategy, as well as more attention being given to the segments as a whole. He might have been addressing at least one report out of Citron Research in the middle of February, which called the 3-D printing segment a "bubble."
Consumer demand for 3-D printers will rise as prices fall. Gregoire says that the next round of Cubify printers will price below $1,000, with further price erosion to under $500 expected within the next few years. Currently, 3D Systems' consumer-ready Cube printer starts at $1,299 per unit.
Into the open, shares of 3D Systems are indicated higher.
Gregoire noted that 3D Systems will "keep on acquisition phase" following the acquisition of Geomagic, Inc., as announced in January and completed late last month. More deals are likely to be in medical devices or software, he noted.
Should a company be a good fit for 3D Systems, a deal at or above $137 million wouldn't be out of the question, Gregoire said.
Gregoire averred that 3-D printing wasn't a bubble and that it was here to stay. 3D Systems' 200 percent-plus gain over the last year was driven by the company delivering of its strategy, as well as more attention being given to the segments as a whole. He might have been addressing at least one report out of Citron Research in the middle of February, which called the 3-D printing segment a "bubble."
Consumer demand for 3-D printers will rise as prices fall. Gregoire says that the next round of Cubify printers will price below $1,000, with further price erosion to under $500 expected within the next few years. Currently, 3D Systems' consumer-ready Cube printer starts at $1,299 per unit.
Into the open, shares of 3D Systems are indicated higher.
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