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3D Systems to Release Third Quarter 2024 Financial Results and Address NYSE Compliance Notice

3D Systems to Release Third Quarter 2024 Financial Results and Address NYSE Compliance Notice

3d系統將發佈2024年第三季度財務業績,並應對紐交所合規通知
Quiver Quantitative ·  11/22 05:30

3D Systems will release Q3 2024 financial results on November 26 and conduct a conference call on November 27.

Quiver AI Summary

3D Systems announced that it will release its financial results for the third quarter of 2024 after the U.S. stock markets close on November 26, 2024. A conference call and webcast to discuss these results will take place the following day, November 27, at 8:30 a.m. Eastern Time. The company also received a notice from the New York Stock Exchange indicating that it did not meet the listing requirements due to a delay in filing its Quarterly Report on Form 10-Q for the quarter ending September 30, 2024. However, this notice will not immediately affect the listing status of its common stock, and 3D Systems has a six-month window to regain compliance. The company plans to file the required Form 10-Q by November 26, which would restore its compliance status.

Potential Positives

  • The announcement of the upcoming financial results and conference call demonstrates the company's commitment to transparency and communication with investors.
  • The Company plans to file its Quarterly Report on Form 10-Q on November 26, 2024, which is a proactive step towards regaining compliance with NYSE listing standards.
  • The NYSE Notice indicates that the Company has a potential extension of up to six months to regain compliance, providing some flexibility and time to address the listing requirements.

Potential Negatives

  • The company has failed to timely file its Quarterly Report on Form 10-Q, which raises concerns about its compliance with NYSE listing requirements.
  • The NYSE has issued a notice to the company, indicating it is currently non-compliant, which could lead to potential delisting if not resolved within the given timeframe.
  • While the company anticipates filing the overdue report soon, the situation reflects negatively on its operational efficiency and governance practices.

FAQ

When will 3D Systems release its Q3 2024 financial results?

3D Systems will release its Q3 2024 financial results on November 26, 2024, after U.S. stock markets close.

What time is the conference call for Q3 2024 results?

The conference call will begin on November 27, 2024, at 8:30 a.m. Eastern Time.

How can I listen to the Q3 2024 conference call?

You can listen via webcast at or by telephone at 201-689-8345.

What is the NYSE Notice received by 3D Systems?

The NYSE Notice indicates that the company is not in compliance with the NYSE's timely filing requirements.

What happens if 3D Systems does not file the Form 10-Q on time?

If the Form 10-Q is not filed within six months, the NYSE may grant an extension or start delisting proceedings.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$DDD Hedge Fund Activity

We have seen 111 institutional investors add shares of $DDD stock to their portfolio, and 162 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

  • BLACKROCK, INC. removed 11,789,900 shares (-53.1%) from their portfolio in Q3 2024
  • VANGUARD GROUP INC removed 4,314,195 shares (-36.5%) from their portfolio in Q3 2024
  • MILLENNIUM MANAGEMENT LLC added 3,876,288 shares (+5159.2%) to their portfolio in Q3 2024
  • STATE STREET CORP removed 1,882,754 shares (-24.5%) from their portfolio in Q3 2024
  • JANE STREET GROUP, LLC added 1,684,837 shares (+808.5%) to their portfolio in Q3 2024
  • CITADEL ADVISORS LLC removed 949,286 shares (-85.7%) from their portfolio in Q3 2024
  • ARK INVESTMENT MANAGEMENT LLC added 799,157 shares (+26.0%) to their portfolio in Q3 2024

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release



ROCK HILL, S.C., Nov. 21, 2024 (GLOBE NEWSWIRE) --

3D Systems

(NYSE:DDD) ("the Company") today announced the Company will release its financial results for third quarter 2024 after the U.S. stock markets close on Tuesday, November 26, 2024. The Company will hold a conference call and simultaneous webcast to discuss these financial results on Wednesday, November 27, 2024 at 8:30 a.m. Eastern Time.




Third Quarter 2024 Financial Results Conference Call

Date: Wednesday, November 27, 2024
Time: 8:30 a.m. Eastern Time
Listen via webcast:





Participate via telephone: 201-689-8345
The webcast replay will be available approximately two hours after the end of the conference call at





.



Additionally, the Company is announcing that on November 19, 2024, it received a notice (the "NYSE Notice") from the New York Stock Exchange (the "NYSE") that the Company is not in compliance with the NYSE's continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual, because the Company has not timely filed its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024 (the "Form 10-Q") with the Securities and Exchange Commission (the "SEC"), as previously reported and for the reasons described in the Company's press release dated November 13, 2024 and Notification of Late Filing on Form 12b-25 filed with the SEC on November 13, 2024 (the "Form 12b-25").



The NYSE Notice has no immediate effect on the listing of the Company's common stock on the NYSE. The NYSE Notice informed the Company that, under NYSE rules, the Company has six months from November 18, 2024 to regain compliance with the NYSE listing standards by filing the Form 10-Q with the SEC. The NYSE Notice further noted that, if the Company fails to file the Form 10-Q within the six-month period, the NYSE may grant, at its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The NYSE Notice also notes that the NYSE may nevertheless commence delisting proceedings at any time if it deems that the circumstances warrant.



The anticipated filing of the Form 10-Q by the Company on Tuesday, November 26, 2024, will bring the Company back into compliance with these NYSE listing standards.





About 3D Systems




More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction – empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials, and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems' solutions address a variety of advanced applications in healthcare and industrial markets such as medical and dental, aerospace & defense, automotive, and durable goods. More information on the Company is available at



.





Forward-Looking Statements




Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward looking statements can be identified 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 and may include comments as to the Company's beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the Company. The factors described under the headings "Forward-Looking Statements" and "Risk Factors" in the Company's periodic filings with the SEC, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes 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 which such performance or results will be achieved. The forward-looking statements included are made only as the date of the statement. 3D Systems undertakes no obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.



Investor Contact:


investor.relations@3dsystems.com


Media Contact:


press@3dsystems.com




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