Growth in Consumables and New Applications
Consumable materials grew approximately 10% from the prior year and demonstrated a sequential growth of 9% in Q3. Industrial Applications group revenue is up 26% year-to-date, indicating strong growth potential.
Healthcare Segment Growth
The healthcare segment showed strong growth, with dental up over 30% and personalized healthcare up almost 20% year-over-year.
Innovations and New Product Introductions
Launched nearly 40 new materials, software enhancements, and metal and polymer printing platforms since Q3 last year. The introduction of new photopolymer printing platform PSLA270 and QuickCast Air for investment casting.
Strong Cash Position
Maintained a strong cash position with $190 million, with a focus on optimizing working capital and reducing inventory by 20% by year-end.