Dental Market Growth Potential
The dental market is projected to be a significant growth area, with a U.S. addressable market size estimated at over $1 billion by 2029. The company is targeting four key pillars: straighten, protect, repair, and replace, with recent innovations in monolithic multimaterial jetted dentures and FDA clearance positioning it well for future growth.
Cost Reduction Initiatives
The company announced cost reduction and restructuring actions targeting over $50 million in annualized savings by the middle of 2026, with actions including site closures, headcount reduction, and improvements in manufacturing and supply chain management.
Strong Balance Sheet
The company ended the year with $171 million in cash and cash equivalents, and expects to enhance its financial position further with the expected closing of the Geomagic divestiture, bringing approximately $100 million in cash.
Innovative Product Launches
In 2024, the company introduced numerous new printers, materials, and software enhancements, including the NextDent 300 printer for dental applications and the Figure 4135 solution for high-mix, low-volume polymer parts.