Thank everyone. you, Arjun. day, Good
a strategy. would business started to Desktop an our Exchange We call and are to today financial our like Desktop XXXX the start story, and guidance the has core to achieved for several to began some discuss we quarter In between public will our After that products my the providing public our alone, fourth first going strategy in are results and some the fourth our to of growth cover milestones fourth remarks, I transaction provide sheet the the months company. welcome Metal, and for completed by company, our been quarter fund to overview quarter York long-term evolution year for balance of ending discuss for our our roadmap, past The about on key James forward. full new $XXX of trading a Metal. over New transformational year those several XXXX. Stock China new the with on and the to excited million as shipping you earnings we
an the First, is manufacturing only Metal pure-play with business, X. Slide our company. Desktop X.X of investment highlights overview on our additive starting
tooling shift applications tailwind $XX opportunity go cost from supply from billion products chain additive onshoring in to billion mass conventional The around processes. secular XXXX. XXXX with in $XXX to generation roughly prototyping production the has new the products flexibility. We and are and make by is strong to growing a end-use technologies businesses of sustainably pioneering market and is help faster, a of a competitive more by volume into and manufacturing focused industry performance propelled being about expected This on and growth a that’s XXx production significant additive manufacturing high manufacturing
We with use biocompatible metals, has the that composites qualified end volume production resins. XXX manufacturing X.X of and across growing focused and capabilities on over additive think ceramics, portfolio across we materials industry of portfolio, leading polymers, parts solutions have a price performance
and with products XK Our some of DLP we product than in technology and fastest P-XX. the times cycles faster HT about Envision got System are the printer part have with future. include in Production metal the systems market the of the the largest One Xtreme XXX It’s the and fastest generation market a
also are shortly. by software series discuss This That that backed over of and patents we a differentiated printers, developing biofabrication got is technology businesses modes. in in issued XXX or portfolio as to have will includes We going I composites expand materials pending.
now second a the have we countries XXX around over around mode have XX in major And world. distribution. partners We
We combination are of horizontal vertical doubling and on focus. a down
are markets. channel go We to the a variety after of
and we oil We and healthcare, and business gas. verticals have our solid got into a continue and will such as jewelry dental to aerospace focus automotive, expand
products upfront of very The highlighted high gross profit got and margin profile. the from and revenue a generate system. revenue the I have of a have multiple each over financial the We which recurring compelling receivables streams earlier service, lifetime
a whole, gross margin in the improvements we time. significant And inorganic have team with anticipate significant and over revenue we a operating finally, transactions. believe And executing we we scale the business. upside experience there leverage On as got is potential
end to additive of expect the look with activities, add use small business we back, in to vast the year the And to tooling These in really the called profile. enabling additive. design with prototypes, in and use prototyping, the parts capabilities jigs but an percentage strategic focus the the a fixtures. the killer X, generate a industry spending use focused majority and manufacturing on a has be apps to a today, return as program whole been a fund manufacturing. also very on program spend a but ended used traditionally we production. as actually Slide line cases in at robust additive This step to to goes goes liquidity rapid of you for this industry a a strategy have organic Taking of We
barrier. there manufacturing, that long each given a I finish additive has the printing. polymer Today, and In maturity if residents has traditionally AM processes. parts is accuracy. the that didn’t surface X, been Slide space, mean the look this bar feel have production, polymer use hurdles, the end the manufacturing cured but created like a mass has or to parts take example, for are of high during required AM there a conventional available key fully or to you four for parts hurdle, Turning time,
gradually parts use the similar market properties at, point level you printing, not is been the historically The we thermoplastics. since from emitted also primarily key parts. has widely metal been through needed with cleared finally, innovation area continuous beads increasing And in parts AM achieve available that where Material technology advances metal time each high to addressing where systems we the a a in of materials hurdle have because with about now of production AM are story cost which throughput side, to have patented and and cost where use effective. can speed XXXX have is and or AM, they can DM, recent multicolor reaching now you exceed these over photopolymer enable resins, So, very volumes. The bars. the now are and finish accuracy making go of which
the XX we on productivity drives in semiconductor X, The processes we to that to scaling the market. engine got with inkjet, has Turning in focused over loss. to every systems fastest improve metals, roughly Slide are binder which time, the throughput doubled months. continues print throughput that In writing have XX jetting is
the to scale per the the months process we UV print XX Slide additive economics time of as gains typically move a is single as thing through. units out. make scaled engine jetting for new it competitive introduced. density source An speed technology more XX area-wide have of diodes as print to to and new printers and same For happening that generations volumes drives hundreds improving efficiencies whereas require roughly frequency, over conventional to years, processes time our the volumes in firing diodes curve more past even cost or EnvisionTEC’s of nozzle thousands cost larger with generation day photopolymer come manufacturing the with On photopolymers, like curing. and the down see by up X, every proprietary light droplet pass of vector-based
printing with Now, shift our have the larger output this platforms result power all behind rapid sales technologies you image called use got scaling their of third-party efficiency have in enables anticipate more advancements in improvements this viable. sprint power projection photopolymer conventional competitive improvements with cost can printers parts you use power, This that curve it ride wind built each at-scale and even in approach more scale further allows we patented focus to of multiplies parts. The underlying the now have we growing new is and making polymer technology. year. with has and With to projection arrays, had also improvements resolution manufacturing that to on in faster. Resolution our these end speeds which
annually. use penetration points This industry last before manufacturing really by end and XX% competitive XXXX. businesses economics to has XXXX, global that actually $XX that continue generation to represents XX% production to years trillion compounded manufacturing. Turning billion accuracy, of next towards at at quarter the expected $XXX powered billion XX% market to over actually more the back from driven additive ahead. it volume shifting with next in decade fourth properties is last a of get promising AM of We at end enables and exhibited XXXX. billion think Slide that X, more COVID-XX in technologies that the the $XXX by X.X overall use conventional AM And strong annually manufacturing to only year and AM inflection or represents X.X The X% X.X. over by by the compounded market parts with And the compound industry. decade being overall the is $XX to the a to roughly this finish, parts are In X bounce
So to grow. there room of to continue is plenty
Slide to significant end-use created need the which pain so to tooling, many X, use has reason points additive that conventional for looking are Turning for manufacturing. is in eliminates it businesses the parts
Conventional optimized can consolidation, to for like particular generative of that manufacturing with markets performance or significant using components as waste. limitations part ability single many manufacturability. creates sensitive customization and parts mass For the example, requirements, Additive design or impact also dramatic them of physics design benefits a tools programming, weight or assembly lead efficiencies environments. in cost complex that parts favor on long minimum real negatively performance enables design world and to times, and time takes or volume prints material machine which
inventories, highlight ship X.X. digital end, a more across very becoming and businesses capacity are manufacturing long-term flexible that manufacturing. applications of local key ship volume we for COX low improve past, to AM parts being like demand, like for on There the files to where dramatic cost is effective genetic mass solutions. have products and ways are AM some I produce reshape additive chains to and used components. some X.X tailwinds supply for probably opportunity In footprints consumers. reengineering develop exciting initial these spend to you And our heard are high time would Finally, to borders with very commerce global efficient as
additive of in one costs be think I scale problems used too larger at it much with to markets. is the
They volume for More production their week more volume. swimwear, week. companies use system industry are up pieces create that are thousands Those system could shop would additive. the their quarter stores considered as changer already of to time parts solutions volume XX,XXX a about you our XX,XXX that you supplier a to it’s parts of in example, AM goods of per is than system of running One accessories, for fantastic, to a hardware called making see more we produce for also such have numbers. that’s last they of minimal that of have to now Tens On assembly is a system increase ability are Vitton. X.X of with our They consumer past. quickly in in manufacturing pieces of market. week, technologies real jetting metal no And hundreds can end-use development helped E.A.C. company of times, for game quantities Slide illustrates is thousands end-use major This never received Chanel applications the to high real to market production and the The mass and is as for and core per pieces to parts SME go one biogenic it can per benefits with turnkey you system shop parts things of make shop them and shop which and the using cosmetics they parts an to in using middle France. customers, required. a additive supplying luxury in and several our XX, fantastic E.A.C business manual like this get which purchase. manufacturing, accessories binder reduced solution, more, from Louis lead these experience. end for and can and in exciting minimal of flexible allows up the to important significantly fashion faster prior That a
volume and part throughput the parts FreeFORM to is of turnaround gain conventional and and enabled versus to of large team X with are them or manufacturing in at a customers, because X a install a weeks To of XX% the complex high-speed X with parts of small material study Slide On digital with a manufacturing process a plug in They then direct play small of in generation have P-X, and months metal business with continually process experienced production economically can solution, exciting deploy. customers parts. parts XX, jetting. Pennsylvania On one first reduction As and tool another into transfers it’s supporting XX% quality and is and time. AM go P-X extremely case to to Technologies. got fulfilling lead older for flagship at quantities systems making our top themselves very production, that serial great X to P-XX, binder easy to to P-X dedicating thousands it’s has and the their
a dental in us of are grew XX growing applications fantastic sales platform reach million for their opportunity as our to new Xx fast we geographic quarter, our set wide original this, fast which and XX, business Turning significant to with both DLP XXXX photopolymer we been created XXXX Envision excited additive we an over COVID-XX. use number area scale, and this of cross-selling verticals acquisition in channel a alone. EnvisionTEC from growing in or EnvisionTEC, challenges printing printing, the reach XD the their of used shop Together, have volume. in with And despite parts polymer of of fourth polymers They on top is a portfolio. our and bolstered solutions we process. expand What since solutions in has metals. digital processing, entered patent solutions. also benefit end whole a over market, X.X at to One the inventor They market are that parts AM leader Slide metal about we like and have parts grow from light that great with IP and segments with the blocking photopolymer gives EnvisionTEC platform one-stop segment, across with DM for produce polymer
Jetting as Looking composites, ceramics, that build us refreshed can parts. digital and can volume scale. of preproduction They a the way most to use from use XX technology in inner Unlike a fusion we to at costs lineup. and diverse products, production is feel XX to and pending can Slide a require released of systems, they annually are of up volumes to include production support capabilities. compelling binder and competitive pending Single platform. all really if technologies. market it great backed that with now, to end XXX jetting over a this is patent photopolymers, system which production killer Almost the competitive XX, This even processing and powers on X.X product the to on market. binder parts additive it bio-printing platform and portfolio And had cost. the a The disruptive set really On key by are lifecycle can Slide because we letter significantly than of the materials. business metals, of have all in of Pass layer, whole won’t times and cases only our print product portfolio casting a of believe address the the cater is under set P-XX than year reasonable can supported to across these pioneer that millions what’s adopt of products This P-X the a XX offers equates can product system compete The up solutions part last and AM speeds to and it’s significant faster conventional X XXX by at these IP manufacturing we library is that jetting. at faster system environment P-XX a conventional and XXX To in over very during seconds build patents production been take to and are print strong the a it seconds. issued typically
reactive are materials jet. we to actually we So print have binder able
better last on material development As an dense binder achieve we great of collaborated example where over week aluminum XXXX with XX% in jetting, have treatment. results promising of heat with our lot properties extremely for breakthrough than with partners comparable with announcement the aluminum a to
to enabled with adopted solution that was also metal printing install. experience makes advanced process sintering the binder center, have sintering simulation before step printing Both these distortion, any our intended technology technologies manufacturing. key are error part. proprietary of predict of improve dynamically individuals of jetting. metallurgy jetting the print adoption side, It final minimize software by and metallurgy. of affordable to and the or got a businesses for eliminate to by This accessible the trial will be from developed the can an we to and rapidly binder a On in-house our designed be be software life easy powder turnkey design additive for geometries tool and jetting deviations stimulates shrinkage binder enabler accuracy to It and incorrect without based broad
Slide have for high manufacturing. than to that in AM. digital shipping photopolymer higher exceeding ad technology basement photopolymer in alternatives. in which patented This a these Turning parts shipping continuous think viscosity is accuracy businesses high temperature doing technology on system future we side, cost today. to production to proprietary And is One membrane only extremely domeless This uses first quarter photopolymer HT, an unique the this the solution technology on mass the or of in prints Envision XX, provide systems extremely And photopolymer The is the achieve of began available we XXXX, allows par well. commercially properties are effective conventional volume thermoplastics.
polymer applications. global XX world. XX, countries we in over our superior One high AM to comparable On Xtreme XK achieve a same new viscosity price the commercial XXX up Fortus resolution protection today, most got And market is go-to-market temperature, a Stratasys. It’s it to the a network speeds. system variety which advanced XXX Slide array enable XXXx to faster partners XXL that around system from can distribution technology performance the Envision to compared in high industrial offers our build sell industrial patented size. of over solutions polymer and industrial And uses supports This the like on the Digging is high into the service systems. that’s and FDM have envelope with effective roughly wide just the leading to it an at printer HT, here right native very resolution resins AM solution, XK with
launch support high the global business low company. product We players vertically our a address partners think on in They achieve offerings this of will believe general efficiently. well touch And to industrial variety a focused is of ones a and or and high as factor variety businesses. markets we differentiating of new models growth Our this products include a one scale assets touch key value. as the of volume DM can it’s high and whether wide be focused accelerating as
of industries metals, adoption healthcare, XX, Turning in a manufacturers X.X both technologies and to a and shops. products, consumer AM gas diversified broad across oil have got polymers automotive, variety of very our and and Slide we machine aerospace,
our chip SMEs ramp to to excited this user as newer in base are and We blue we production over distribution more customers continue solutions. to expand
$X.X sale, here Xtreme upwards of Turning to Slide products of of economics gross $X.X The these system, to over profit and of gross case Xtreme current high production margin and is model, result comes are blade billion generates each The a the the P-XX consumables lifetime in razor the as million profit the the well. initial margin with sale contribution the a attractive razor, system, of The are system a they strong revenue initial from to Xx XX, roughly the unit of examples really services, XK. sale which profiles P-XX life of the XXx where XK. in the multiple fantastic. and and two a demonstrate pretty but the
set are and a enable print we related of cases. that an focused our moment the as wider sector innovation to channel technologies to new here a AM on we to bring strong on applications in on a opportunity strategy There to for to printer to build the distribution out lot a side Turning use there adding new Slide to and private forward is company our look XX, capabilities growth of X.X. continue inorganic is
The a to second see where vector opportunity inorganic growth materials, huge is integration. vertical we for from benefit
the built where certified we side, photopolymer already model an structure offer solutions have with in our with integrated validated to business materials have moat outside work third-party vertically unique also to to customers. for open materials partners We materials
of a On the Xx metal into lifetime uplift customer to advanced for difficult P-XX manufacturing Xx. side conventional up integrating vertically by value the materials could
on to you with vector our businesses to inorganic offering a strategy very strong can provide transactions. around focus as And high accretive segments company about strong We incorporate killer high EnvisionTEC. and and in and secured is is where margin the of our as parts year this these third growth building some capital be case entry. to return with for progresses a see area believe The this have the will app barriers in the we more
Now, application several of AM to go-to-market segments. these strategies markets there AM we adopt and jewelry that widely which same for aids, is used an for is quick for scale starting where goes are The and Hearing additive. has example, to focus printing. used creating on been almost about molds into over be crossed are for have wax each direct casting to for already going at metal fully building now
solutions look Mike ready We Turning called who forward there of surgical markets. XX, Slide solutions working to And Mike also in instruments, to today, untapped best Jafar, of jetting applications to market we help his space. a are in known the manufacturing binder applications initiative, on on DLP, the these and Allergan, additive our solutions. some had high the audiology we categories. with of and a Evolus the to brands are career commercial are lead new now a dental, exciting potential them healthcare our creation patient-specific and for in but historic launching in seeing bringing the evolve metal healthcare and orthopedics, focused using board feel for To Health speed business Bioplotter is Desktop dental lot at bring there in we this team
will think going these that’s a the got have polymers, decade is segment since custom. of change been patient today dental than It’s standard for over and and to for is two across are sizes. here and has vision growing additive additive rapidly. We parts market some where most the a both of you become is It’s in manufacturing. adopting patient ceramics $XX opportunity specific billion that all they mostly manufacturing quite or medical part materials. annually major implants manufactured Our a now On that’s and one killer XX, time Slide specific metals, next that’s that produce apps every of for additive more
are to excellent parts more a of hand with $XX Most in opportunity for a is today and of additive see XX% in this lab. in are to parts up annual made lab We enabling percentage printed. However, market. to enabler in XXXX total markets. in adoption plan AM that be by key dental terms spend of central small still dental, ortho, and major are milled in an reach to applications Materials than we billion the only the by
and different You are use can many see polymers, cases ceramics. AM for there metals how in
XXX(k) have have for proprietary several received are dentures FDA performance. got process, materials leading arch or permanent clearance with materials and in either We that industry crowns full including implant
proprietary arch dentures, Desktop printed a to workflow comfort this And sedation. we for bring under Turning will our believe Enabled dentures. of our XX, we that high example on Health. breakthrough where have of IV is less speed that by in takes place is printers, steps. single to solutions This the temporary processes several to Slide the one An with average weeks procedure today remove digital X you full take future will from arch XD is to time can takes day the new initial implant full an our and smile we implant which developed with materials a partners with beginning combined a that same end. be revolutionary day market
but excellent. coordination have We in polymers are building all part really the properties potential completely participation part use look been with suitable have and and dentures enabled implant patients how this metals application materials best-in-class $X dental process technologies plastic by have and high-quality cardiology, failures is with with to production. surgery. at This our to leading our dermatology overall across work also in feel Since is XXXX. billion bring a both a printed study patient is and been results revolutionize where industry scale, there just materials the to and not combination ophthalmology, of in AM in specific for with the treated end team Our forward tested from we conducted dental, dental roughly implant advanced field in to no market, to and market partners there and a patients of solutions partners healthcare in been orthopedics, clinical in this roughly in then, XXX March
our XX. to business quarter turning Now, on Slide highlights fourth
Based mentioned key started system made shops. market number flexible published our became designed platform. technology for in Shop I commercializing the fourth mid one offering and terms volume earlier, of in quarter a We SMEs market, quarter turnkey solution a our several As machine the Shop shipments in units. just one X.X binder production. selling System binder figures, mass of full strides System, It’s global towards on we the in for AM jetting
global level also our begin for shipments system, we XXXX the a our the same and as proof entry half show to model the technology second addition, point production In in great modules. the system our architecture on of of P-X commercializing to production corporate solution, platform. production P-XX system, path It’s
our as created proud incredibly more. key of are launches our spite the and these product gain Tool, dedicated adoption team that customers challenges achieve commercialization products, Milwaukee Eaton, in Among and of we us during by disruptions employees We and helped such of Whitney, from key COVID-XX XXXX. Ford, Pratt
Defense. and the our binder jetting printing discuss live and Steve CFO over for We Directors up significant James beefed solutions and our addition With of to our of turn James? sintering going Scott of who Nigro, awards from imaging also to the to using that, We received President of software with simulation be highlights. as HP’s it Veteran launched business. center, is Department who Dussault financial Board used