3D Systems (NYSE:DDD) announced today that it has completed its previously announced acquisition of Geomagic, Inc. ("Geomagic"), for $55 million in cash. Geomagic is a leading provider of 3D authoring solutions including design, sculpt and scan software tools that are used to create 3D content and inspect products throughout the entire design and manufacturing process.
The Company expects Geomagic to be accretive to earnings and contribute approximately $17 million of revenue to its previously announced 2013 annual guidance. According to the guidance, the company expects its revenue in 2013 to be in the range of $440 million to $485 million and its earnings per share to be in the range of $1.00 to $1.15.
One day earlier 3D Systems announced its Q4 and full-year results. Its revenue grew 45.4% percent but failed to meet consensus estimates. The company generated $101.6 million in revenue for its fourth quarter.
For the full year 2012, revenue grew 53.5% to $353.6 million, on 90% printers' and other products revenue increase and 22.4% organic growth. Its net income was reported at $1.25 per share.
Check the table below the summary of the company's key 2012 non-GAAP financial results for the fourth quarter and full year.
Posted in 3D Printing Companies
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