Welcome to our dedicated page for Shapeways Holdings news (Ticker: SHPW), a resource for investors and traders seeking the latest updates and insights on Shapeways Holdings stock.
Shapeways Holdings, Inc. (symbol: SHPW) is a pioneering force in digital manufacturing, redefining product creation through its comprehensive platform that encompasses design, making, and selling. Originating as the world's largest consumer 3D printing service, Shapeways has empowered over 1 million creators and printed more than 10 million products. The company's unique approach integrates advanced production technologies, starting with 3D printing, and extends to a full suite of services that support creators in building their businesses.
Shapeways operates factories and offices in New York, the Netherlands, and through global partnerships, offering over 60 different materials and finishes. The company is a spin-out from Royal Philips Electronics' lifestyle incubator and has secured investments from prominent firms such as Union Square Ventures, Lux Capital, Andreessen Horowitz, and others.
Recently, Shapeways has made significant strides in the electric vehicle (EV) sector. A newly secured contract highlights their commitment to sustainable transportation by providing critical components for commercial large-scale electric delivery vehicles. This reflects Shapeways' ability to merge high-precision traditional and additive manufacturing technologies, appealing to industries like automotive, medical, and robotics.
Shapeways' digital manufacturing platform combines high-quality, flexible on-demand manufacturing with proprietary software, enabling rapid transformation of digital designs into physical products. The company's ISO 9001-compliant facilities in Livonia and Charlotte, Michigan, and Eindhoven, the Netherlands, support their global operations, delivering over 24 million parts to customers across 180 countries.
In 2023, Shapeways expanded its capabilities by purchasing new injection molding presses and doubling its titanium manufacturing capacity. These investments underscore their commitment to meeting dynamic production demands and enhancing customer partnerships.
Shapeways continues to explore strategic alternatives, including potential sales of parts of its business, to maximize shareholder value amidst macroeconomic uncertainties. The company remains focused on reducing operating expenses and aligning costs with market conditions.
For more information, visit www.shapeways.com.
Shapeways Holdings, Inc. (NYSE: SHPW) announced the appointment of Alberto Recchi as Chief Financial Officer, effective October 1, 2022. Former CFO Jennifer Walsh will assist in the transition before leaving. Recchi, an independent board member, brings nearly two decades of finance experience and a background in corporate finance, M&A, and capital markets. CEO Greg Kress expressed excitement over Recchi's leadership amid growth initiatives, highlighting his understanding of the digital manufacturing industry.
Shapeways, Inc. (NYSE: SHPW) received a notice from the New York Stock Exchange on August 17, 2022, for failing to meet the minimum share price requirement of $1.00 over a consecutive 30-day trading period. The company has 6 months to regain compliance, potentially through methods like a reverse stock split, subject to shareholder approval. Failure to comply may lead to suspension and delisting. Currently, there is no immediate impact on stock listing. Shapeways operates in the digital manufacturing sector, serving over 1 million customers globally.
Duda has appointed Miko Levy as Chief Marketing Officer, aiming to enhance audience expansion and marketing strategy. Levy, with over 20 years of experience, including his role as Chief Revenue Officer at Shapeways, will drive the company's growth in the competitive website-building market. Duda serves over 20,000 web professionals and has published over a million websites, reflecting its significant growth and trusted platform. This strategic move aligns with Duda's mission to simplify web design and scale its business further.
Shapeways Holdings, Inc. (NYSE: SHPW) reported its Q2 2022 results, revealing revenue of $8.4 million, down from $8.8 million in Q2 2021. Gross profit fell to $3.6 million with a gross margin of 43%, while the net loss widened to $(4.7) million. The Company made strategic advancements, completing three acquisitions aimed at enhancing its digital manufacturing capabilities and expanding its customer base. The outlook includes expectations for future revenue between $8.3 million and $8.6 million in Q3 2022, with ongoing investments affecting margins.
Shapeways, Inc. (NYSE: SHPW) will disclose its financial results for Q2 ended June 30, 2022, on August 11, 2022, after market close. A conference call and webcast will follow on August 12, 2022, at 8:30 A.M. ET. Participants can join via phone or live webcast on the company's investor website. A replay will be available later that day until August 26, 2022. Shapeways is recognized as a leader in digital manufacturing, offering various on-demand manufacturing solutions, having delivered over 23 million parts to more than 1 million customers globally.
Shapeways (NYSE: SHPW) has announced enhancements to its leadership team to support its strategic growth priorities in the digital manufacturing sector. CEO Greg Kress outlined four key areas of focus: expanding additive manufacturing capabilities, targeting middle-market and enterprise customers, incorporating traditional manufacturing processes, and commercializing software. The company has appointed new senior leaders in various roles, while Chief Revenue Officer Miko Levy will resign on July 15, 2022. Shapeways aims to capture growing demand for digital manufacturing solutions with this strengthened team.
Shapeways, a leader in digital manufacturing, has appointed Andrew Nied as the new Chief Operating Officer, effective May 16, 2022. Nied will oversee operations and growth initiatives, bringing extensive experience in supply chain and operations from his previous roles at Gooten and Mimeo. CEO Greg Kress expressed confidence in Nied's ability to drive Shapeways' expansion in the digitized manufacturing market. Shapeways specializes in on-demand manufacturing utilizing advanced technologies and has delivered over 23 million parts to 1 million customers globally.
Shapeways Holdings, Inc. reported first-quarter 2022 revenue of $7.6 million, down from $8.8 million in Q1 2021. Gross profit decreased to $3.4 million with a gross margin of 45%. The company posted a net loss of $(4.0) million, contrasting with a profit of $1.7 million in the previous year. Shapeways completed three strategic acquisitions to strengthen its Otto™ software offering and expand manufacturing capabilities. For Q2 2022, revenue guidance is set between $8.2 million and $8.5 million.
Shapeways will release its financial results for Q1 2022 on May 16, 2022, after market close. The company, noted for its position in the digital manufacturing sector, will host a conference call at 5:00 p.m. ET the same day. Interested participants can join by phone or via live webcast on their website. A replay of the call will be available until May 30, 2022. Shapeways has successfully delivered over 23 million parts to 1 million customers worldwide, utilizing 11 additive manufacturing technologies.
Shapeways Holdings, Inc. (NYSE: SHPW) reported its financial results for Q4 and the year ending December 31, 2021. The company achieved a 6% revenue increase year-over-year, totaling $33.6 million, with a gross profit of $15.9 million, marking a 14% growth. Despite improvements in gross margins to 47.3%, net income reported a loss of $(2.4) million in Q4, with an adjusted EBITDA loss of $(4.5) million for the year. The company is focused on expanding its additive manufacturing capabilities and software offerings, expecting sales to increase in the second half of 2022.
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