ROCK HILL - 3D Systems Corporation (NYSE:DDD), a company specializing in 3D printing technologies, has been notified by the New York Stock Exchange (NYSE) of non-compliance with its listing standards due to a delay in filing its annual report. The NYSE requires listed companies to timely file their financial documents as part of their continued listing criteria.
The company disclosed that it received a notice on March 18, 2024, indicating that it had not filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, within the prescribed timeframe. This notice does not immediately affect the listing of the company's common stock but opens a six-month window, until September 15, 2024, for 3D Systems to file the overdue document and regain compliance.
If the company fails to meet this deadline, the NYSE may, at its discretion, extend the period by up to six months, depending on the specifics of the case. However, the exchange also reserves the right to initiate delisting procedures at any point if deemed necessary.
The delay in filing is attributed to the company needing more time, resources, and effort to complete its financial reporting and close procedures for the fourth quarter of the fiscal year 2023. Despite this, 3D Systems anticipates no material changes to its financial results compared to the preliminary figures released on February 28, 2024.
3D Systems, with over 35 years in the industry, is recognized as a leading additive manufacturing solutions partner. The company's portfolio spans hardware, software, materials, and services, targeting sectors such as healthcare, aerospace, defense, automotive, and durable goods.
This announcement is based on a press release statement from 3D Systems.
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