November 12, 1996
3D Systems Corp., a Valencia-based supplier of solid-imaging systems used by manufacturers to make prototypes and tooling quickly, has opened a $5-million manufacturing facility in Grand Junction, Colo. The company said that all new production will be done at the Grand Junction plant. Although its corporate headquarters will remain in Valencia, 3D Systems said that several other departments have been moved to the new facility, including engineering and customer service.
CALIFORNIA | LOCAL
November 9, 1999
3D Systems Corp., Valencia, reported a net loss of $1 million for the third quarter that ended Oct. 1, which included a nonrecurring charge of $1.2 million related to the recent change of the company's chief executive officer, 3D Systems said. Revenues rose slightly to $23.9 million compared to $23.3 million. 3D Systems uses patented digital imaging technologies to design and produce prototypes for manufacture.
February 19, 2003 |
3D Systems Corp., which makes three-dimensional imaging systems, revised its preliminary fourth-quarter results and put Chief Financial Officer James Selzer on administrative leave. 3D Systems had about $31 million in fourth-quarter sales rather than $33 million to $34 million as announced Jan. 14, the Valencia firm said. As a result, 3D Systems isn't in compliance with some covenants of its bank loan agreements. 3D Systems shares rose 17 cents to $8.85 on Nasdaq.
September 17, 1996
3D Systems Corp. in Valencia has reached an agreement to buy Keltool Inc. in St. Paul, Minn., for $1.74 million. Keltool makes steel tooling for plastic injection molding machines that use 3D's prototyping systems. 3D Systems will also issue Keltool a warrant to purchase 50,000 shares of 3D Systems stock at $14.75 a share. The deal is expected to close this month.
March 15, 1994
3D Systems Corp., a Valencia-based maker of machines that combine lasers, chemicals and a computer to rapidly manufacture plastic-like models of industrial parts and other products, reported fourth-quarter and annual profits after year-earlier losses. The company attributed the improved results to its cost management, increased efficiency and a more profitable mix of products sold. In the fourth quarter, 3D earned $1.45 million, in contrast to a loss of $1.5 million a year before.
April 7, 1998
3D Systems Corp. said it has signed licensing contracts for its rapid tooling process with two companies for a minimum value of $1.5 million. The U.S. licensee is a Rockford, Ill., concern, Industrial Molds Inc., which plans to set up a division to sell molds using 3D's tooling technology. The other licensee is an unnamed European maker of electrical products. 3D said additional fees could be paid over the next four years if both licensees exercise certain options.
August 2, 1994
3D Systems Corp., a Valencia maker of imaging systems used by manufacturers to fabricate solid objects quickly, reported profit turnarounds in its second quarter and first half from losses a year ago. In the three months ended July 1, 3D earned $506,675, compared with a loss of $495,562 in the second quarter of 1993. Its sales in the recent quarter totaled $10.4 million, a 44% gain from $7.23 million in sales a year before. For the six months, the company had net income of $1.
April 25, 1995
3D Systems Corp., a Valencia producer of computer-based systems that generate models of engineered parts, said it has revised its 1994 earnings to $4.5 million because of fourth-quarter tax accounting changes. The company had earlier reported net income of $3 million for the year ended Dec. 31, compared to earnings of $530,717 a year earlier. The difference between the original and new figures resulted solely from deferred tax assets related to tax-loss carryforwards, according to Gordon L.
May 7, 2003 |
3D Systems Corp. said Tuesday that its president and chief operating officer has stepped down after an internal investigation of the company's accounting procedures. Grant Flaharty will stay on as head of sales for the Americas, the Valencia-based maker of three-dimensional imaging systems said. The company last month fired its chief financial officer, James Selzer, as part of the probe, which focuses on the timing of revenue recognition.
October 23, 2003 |
3D Systems Corp., which makes three-dimensional imaging systems, said it received a subpoena from the Securities and Exchange Commission for documents as part of a formal investigation of the company. 3D on June 30 said the SEC was checking into how the Valencia-based company recognized revenue, according to a regulatory filing. The company "intends to continue to cooperate fully with the SEC," it said in a filing.