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-- show you something here take a look at this.
Prosthetic body parts that's not -- that's not a prosthetic body part although I wouldn't mind having that in my brain.
And then met total machinery.
And all kinds of models.
That metal machinery was made from -- powder.
Going in that to a company now owned by 3-D systems because.
They have these printers that do all kinds of things but today the company reported second quarter earnings that -- Below Wall Street expectations on the EPS number and that's something stopped falling about 10% initially but -- -- this moment.
The stock -- I'm looking right now ticker symbol triple.
10% it lost earlier.
-- be -- -- is 3-D systems CEO.
He is joining me right now in -- Fox Business exclusive -- welcome -- I usually don't really care about the current quarter of what just happened but I do care about the current quarter but I'm less interested.
In the numbers that we're just reported but I do want to talk about this one this time because you missed on the EPS.
I guess I guess you just need to get it right out of the way that.
What happened here and what will change in the current quarter.
Surely is that the they would view and what happen is management decided to basically both stop R&D and marketing expenditures for the -- while there.
Looking at substantially increased demand the way determined that.
Were hitting another inflection point demand for our hearts and products and services is at an all time high.
We not only -- revenue for the quarter by 45%.
But our backlog went up sequentially 60%.
And when we look at all of our advanced manufacturing and consumer initiatives in the near -- made -- will be determined that.
Now's the time to step up investments -- take full advantage of this opportunity is so it's discretionary.
It's intense and I'll.
And the timing cross -- the right timing to do it.
It makes sense to me and here's why your growth company obviously -- would take the money they're making and you will then reinvested doubling R&D spending.
Okay the market punished Intel when it made a big guard and these expenditures so.
Why not you -- up the stock -- fall it is trimmed back some of those slots as we point that out not wanna get to what you're doing.
You just make this acquisition.
Phoenix PH EM -- -- up fifteen million that doesn't seem like a lot but -- I assume you expect that this is really going to do quite a bit for your bottom line.
Phoenix is what's called a direct 3-D metal printing company.
Let's talk about the metal powder how it works because obvious -- fascinating but why do I need it we're looking at some products right now -- going to obviously.
I assume auto industry companies aerospace -- -- Not -- -- is fedex's.
A company that developed some proprietary direct that'll eyes are centering met -- also -- is.
That's can take very fine particle Powell there is at the six to nine microns.
And feels them together and to chemically pure.
Fully -- -- -- parts live extreme accuracy is the -- anything that you can get out of traditional investment casting.
That is particularly interest thing to aerospace companies -- -- looking to make more.
Fuel efficient and sends its very -- thing for a variety of implant the boat implantable medical devices from.
Like I hate -- and knee replacements.
It's extremely -- first thing for dental restorations.
And it has a variety of there are also -- aerospace and defense applications.
And Phoenix has proprietary technology that is.
Fast there are more capable.
And more accurate than anything out there are so we view and it does the crown jewel.
And you've made a lot of other.
GO magic -- web and then not RP DG.
Up -- and let me just say that that is for our viewers who don't know -- -- personal professional and production printers so.
You've got both enterprise and then you've got regular folks who want to buy these things -- area shows the most promise because.
Some analysts are a little concerned that you're going more with the software or the individual sales and that of course has has lower margins thinner margins.
And as we look at this as a -- -- play and an ecosystem play.
Taking it all away from design to manufacturing for professional companies and from creativity -- actual making four.
The hobby is the consumer the educator and kids and we -- -- big opportunities and promised the first one is an advanced manufacturing transitioning this technology.
Into royal effect stories will -- -- aerospace in the fans in all -- they've.
We think that there's going to completely reshape patients Pacific medical device.
And we also say it is a big -- of our opportunity is in -- this morning when non Smith thus staples.
Is not going for all out our -- off from a few dozen stores that a few hundred stores in the next few months.
And we also expect in this -- retailers still at stake.
Our consumer products would start at thirteen hundred dollars today and extend them.
We also believe that at the end of the day we have the opportunity here at the bill looked at -- did.
By way of -- -- -- the iphones and the App Store.
And the -- forums we can do that.
For creating and making finally cooled completely unleash creativity for kids and four adults a lot of the same time.
We can be an engine behind -- -- localization of manufacturing here in the United States and another major mark.
-- let me know when you can print a real diamond and albeit seemingly happy.
Half listener -- all kinds of things from medical as you say prosthetics to all kinds of aerospace products it's a fascinating sort of on the edge of development business I'll be -- -- 3-D systems CEO and president please come back again thank you.
Thank you -- anytime in the stock is up more than 90% year over year we have.
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