Aug. 13 at 5:13 PM
$DDD $SSYS $VELO — A few thoughts on the AM landscape after this morning’s
$SSYS earnings call.
SSYS: Positive surprise was that the new facility is already up and running clearly ahead of
$DDD and
$VELO on that front. Negative surprise was the lack of a bigger topline inflection and, frankly, the underwhelming discussion around dental. An analyst basically had to tee up the dental question before Yoav characterized it as their “secret development” and something they’re excited about. Contrast that with
$DDD, which has been consistently highlighting dental as a core growth opportunity.
VELO: The market is clearly excited about the growth story, capital position and manufacturing expansion. I don’t dislike it at all, but the topline is still small in absolute dollars relative to DDD/SSYS, and the fact that they appear production-constrained tells you some of that growth will take time to materialize. Do the price/sales math yourself using analyst revenue forecasts and compare the three.
