3D Systems Corp Files 2023 10-K

Ticker: DDD · Form: 10-K · Filed: Aug 13, 2024 · CIK: 910638

Sentiment: neutral

Topics: 10-K, annual-report, financials

TL;DR

3D Systems filed its 2023 10-K. Check financials.

AI Summary

3D Systems Corp filed its 2023 10-K on August 13, 2024, reporting on its fiscal year ending December 31, 2023. The company, headquartered in Rock Hill, SC, operates in the pre-packaged software services sector. The filing details financial performance and business operations for the year.

Why It Matters

This filing provides investors and stakeholders with a comprehensive overview of 3D Systems Corp's financial health and strategic direction for the fiscal year 2023.

Risk Assessment

Risk Level: medium — This is a standard annual financial filing with no immediate red flags or significant new disclosures.

Key Numbers

Key Players & Entities

FAQ

What was the primary business segment for 3D Systems Corp in 2023?

3D Systems Corp is classified under the Standard Industrial Classification code 7372, which corresponds to Services-Prepackaged Software.

When did 3D Systems Corp file its 2023 10-K?

The 10-K filing for the fiscal year ending December 31, 2023, was filed on August 13, 2024.

Where is 3D Systems Corp headquartered?

The company's business and mail address are listed as 333 Three D Systems Circle, Rock Hill, SC 29730.

What is the SEC file number for 3D Systems Corp?

The SEC file number for 3D Systems Corp is 001-34220.

What is the state of incorporation for 3D Systems Corp?

3D Systems Corp is incorporated in Delaware (DE).

Filing Stats: 4,289 words · 17 min read · ~14 pages · Grade level 16.2 · Accepted 2024-08-13 16:55:51

Key Financial Figures

Filing Documents

Risk Factors

Item 1A. Risk Factors 13

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 26 I tem 1C. Cybersecurity 26

Properties

Item 2. Properties 27

Legal Proceedings

Item 3. Legal Proceedings 27

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 27 PART II 28

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 28

Reserved

Item 6. Reserved 29

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 30

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 53

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 53

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 53

Controls and Procedures

Item 9A. Controls and Procedures 53

Other Information

Item 9B. Other Information 56

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 56 PART III 56

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 56

Executive Compensation

Item 11. Executive Compensation 61

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 89

Certain Relationships and Related Transactions and Director Independence

Item 13. Certain Relationships and Related Transactions and Director Independence 91

Principal Account ant Fees and Services

Item 14. Principal Account ant Fees and Services 93 PART IV 93

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 93

Form 10-K Summary

Item 16. Form 10-K Summary 97 3 This Annual Report on Form 10-K ("Form 10-K") contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Many of the forward-looking statements are located in Part II, Item 7 of this Form 10-K under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations." Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. In many cases, you can identify forward-looking statements by terms such as "believes," "belief," "expects," "may," "will," "estimates," "intends," "anticipates," or "plans" or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management's beliefs, assumptions and current expectations concerning future events and trends, using information currently available, and are necessarily subject to uncertainties, many of which are outside our control. Although we believe that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at or by which any such performance or results will be achieved. A number of important factors could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to, those discussed in Part I, Item 1A of this Form 10-K under the heading "Risk Factors." All subsequent written and oral forward-looking statements attributable to the Company or to individuals acting on ou

Business

Item 1. Business General 3D Systems Corporation ("3D Systems" or the "Company" or "we," "our" or "us") markets our products and services through subsidiaries in North America and South America (collectively referred to as "Americas"), Europe and the Middle East (collectively referred to as "EMEA") and Asia Pacific and Oceania (collectively referred to as "APAC"). We provide comprehensive 3D printing and digital manufacturing solutions, including 3D printers for plastics and metals, materials, software, and services, including maintenance, advanced manufacturing and applications engineering. Our solutions support advanced applications in two key industry verticals: Healthcare Solutions (which includes dental, medical devices, personalized health services and regenerative medicine) and Industrial Solutions (which includes aerospace, defense, transportation and general manufacturing). We have over 35 years of experience and expertise, which have proven vital to our development of an ecosystem and end-to-end digital workflow solutions that enable customers to optimize product designs, transform workflows, bring innovative products to market and drive new business models. Business Strategy Accelerating Additive Manufacturing Adoption We partner with customers to enable them to adopt and scale additive manufacturing in their production environments. We believe that our additive manufacturing capabilities can help customers solve a number of design and manufacturing challenges – such as improved lead times, enhanced design freedom, part consolidation and the ability for mass customization. We believe that we have both the scale and the breadth of technologies, encompassing hardware platforms, materials and software, that our customers require for the successful implementation of additive manufacturing into their design and manufacturing processes. Using a strong application focus in each of our two business segments, our Applications Innovation Group integrates o

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