The Next Big Thing: 3D Systems’ Home Printers
Next up for 3D Systems is a three-dimensional home printer due out next quarter, CEO and president Abe Reichental said Thursday.
“We are disruptive. We are transformative, and we are impactful on every part of our lifestyle as we know it today. From the shoes that you wear to the computer that you used, all of it is being shaped and designed using 3-D printing today,” he said on “Fast Money.”
The company reported fourth-quarter results that beat Wall Street estimates, even as income fell due to rising costs, and a positive outlook for 2012.
Shares of 3D Systems spiked 11.4 percent, closing at $23.31.
Its price points range from $1,300 for its Cubify printer to $500,000 for more heavy-duty models, Reichental said.
Simplicity was an important component of its products, he added.
“If you can operate a tablet, if you can operate a smartphone, you’re in. If you have a Kinect box, you can go from Kinect to print,” Reichental said.
Reichental said the printers are able to print three-dimensional objects a layer at a time out of a variety of materials such as plastics, metals, nylon and flexible variations.
“We want to empower garage entrepreneurs and start-ups and next-generation innovators to create and make and have the same advantage that was traditionally reserved only for large companies, he said.
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Trader disclosure: On Feb. 23, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Finerman is long AAPL; Finerman is long BAC; Finerman is long JPM; Finerman is long HPQ; Finerman's firm is long AAPL; Finerman's firm is long JPM; Finerman's firm is long HPQ; Finerman's firm is long WMT and short calls; Seymour is long BAC; Seymour is long INTC; Seymour is long CSCO; Adami is long C; Adami is long GS; Adami is long INTC; Adami is long AGU; Adami is long NUE; Adami is long BTU; Adami is long MSFT; Kelly is long TLT; Kelly is long US Treasury bonds
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