![]() ![]() "In connection with our ongoing review of our business and industry, we believe that the most meaningful opportunities today are in professional and industrial settings, from the product design shop to the operating room to the factory floor," said Andy Johnson, Interim-Chief Executive Officer & Chief Legal Officer, 3D Systems. In addition, management expects to record a charge in the fourth quarter in the range of approximately $19 million to $25 million related primarily to inventory write downs and related purchase commitments. As part of this shift away from consumer products, management expects revenue to be impacted by less than 2% and profitability to improve. Management believes a greater focus on manufacturing applications and delivering new and enhanced manufacturing systems can drive adoption, yield higher returns on investment and increase earnings. The consumer platform will be closed on Januand the company's line of retail products, including phone cases and jewelry, that were previously available on will be discontinued. Ongoing support and sale of materials for Cube customers will be provided through a new e-commerce platform on the company's primary corporate domain,. The company will continue to sell the existing inventory of Cube printers. Availability of the CubePro ® 3D printer-designed for desktop engineering, educational and professional applications-will continue uninterrupted. The move reflects management's plans to focus its resources and strategic initiatives on near-term opportunities and profitability. ROCK HILL, South Carolina, Decem– 3D Systems (NYSE:DDD) announced today that it will discontinue production of its $999 consumer 3D printer, the Cube ®. ![]()
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