STOCK TITAN

Shapeways Holdings, Inc. - $SHPW STOCK NEWS

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.

Rhea-AI Summary

Shapeways has received a Nasdaq notice on May 22, 2024, for not filing its quarterly report on Form 10-Q for Q1 2024 within the required timeframe. The notice does not immediately affect the listing or trading of Shapeways' stock (SHPW). The company has until July 22, 2024, to submit a compliance plan to Nasdaq. If accepted, Shapeways could get an extension up to November 18, 2024, to file the necessary reports. Failing to do so may result in delisting. There is no assurance that Nasdaq will accept the compliance plan or grant an extension, nor guarantee Shapeways will meet compliance deadlines.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.67%
Tags
none
-
Rhea-AI Summary

Shapeways Holdings, Inc. announced the sale of its software assets to OTTO dms, Inc., led by its CEO and software business executive. The transaction is expected to close around May 20, 2024. Shapeways will continue focusing on its core manufacturing business while exploring strategic alternatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
none
-
Rhea-AI Summary
Shapeways Holdings, Inc. (NASDAQ: SHPW) reports a 23% increase in gross profit in Q4 2023 compared to the previous year, with gross margins expanding to 46%. The company continues to explore strategic alternatives to enhance shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.34%
Tags
Rhea-AI Summary
Shapeways Holdings, Inc. announces the grant of inducement stock options to 4 newly hired non-executive employees. The options cover 15,000 shares with an exercise price of $1.71 and vest over a four-year period. This move aligns with the Company's 2022 New Employee Equity Incentive Plan and aims to attract and retain talent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
none
-
Rhea-AI Summary
Shapeways Holdings, Inc. (NASDAQ: SHPW) will release its financial results for Q4 and full year 2023 on March 28, 2024. A conference call and webcast will follow. Participants can access the call via phone or webcast on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.73%
Tags
conferences earnings
-
Rhea-AI Summary
Shapeways Holdings, Inc. (NASDAQ: SHPW) expands into the global CNC market with the launch of its new CNC Instant Quote feature, offering a wide range of metal and plastic materials for prototype and production orders. The global CNC market is projected to reach USD $80.4 billion by 2028, with a steady 3.5% CAGR.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
Tags
none
Rhea-AI Summary
Shapeways Holdings, Inc. (NASDAQ: SHPW) reports a 100% year-over-year growth in its automotive business, securing a $1.5M contract with an American automotive manufacturer. The company continues to invest in manufacturing technologies and equipment to support strategic customer contracts, reflecting its commitment to building customer trust and expanding its foothold in the automotive sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
Tags
none
-
Rhea-AI Summary
Shapeways Holdings, Inc. (Nasdaq: SHPW) announced a reduction in force as part of cost-reduction initiatives, resulting in approximately $6.2 million in annual cash operating expense savings. The company granted inducement stock options to 14 newly hired non-executive employees under the 2022 New Employee Equity Incentive Plan, with each stock option having an exercise price of $2.09 and vesting over a four-year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.03%
Tags
none
-
Rhea-AI Summary
Shapeways Holdings, Inc. (NASDAQ: SHPW) Announces Expanded Gross Margins and Multi-Year Contracts with Enterprise Customers - Shapeways, a leader in digital manufacturing, reported improved gross margins in Q3 and secured multi-year contracts with key industries. CEO Greg Kress highlighted the growth of the enterprise and software businesses, stable eCommerce operations, and cost reduction measures. The company also emphasized the success of SaaS contract commitments, increased customer acquisition, and the launch of MFG Materials.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.15%
Tags
Rhea-AI Summary
Shapeways Holdings Inc. will release its financial results for Q3 2023 on November 14, 2023. A conference call and webcast will be held on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.95%
Tags
conferences earnings

FAQ

What does Shapeways Holdings, Inc. do?

Shapeways Holdings, Inc. is a leading digital manufacturer that enables product creation through design, making, and selling. They specialize in high-quality, flexible on-demand manufacturing using advanced technologies, including 3D printing.

How many products has Shapeways printed?

Shapeways has printed over 10 million products, supporting more than 1 million creators worldwide.

What materials and finishes does Shapeways offer?

Shapeways offers over 60 different materials and finishes, including metals, plastics, and ceramics, catering to a wide range of industrial and consumer applications.

Where are Shapeways' manufacturing facilities located?

Shapeways has ISO 9001-compliant manufacturing facilities in Livonia and Charlotte, Michigan, and Eindhoven, the Netherlands.

How is Shapeways involved in the electric vehicle sector?

Shapeways is involved in the electric vehicle sector by providing critical manufacturing components for large-scale electric delivery vehicles, underscoring their commitment to sustainable transportation.

What recent investments has Shapeways made?

In 2023, Shapeways invested in new injection molding presses and doubled their titanium manufacturing capacity to support increased production demands.

What strategic alternatives is Shapeways exploring?

Shapeways is exploring strategic alternatives such as the sale of parts of its business to maximize shareholder value amidst current macroeconomic conditions.

Who are some of Shapeways' investors?

Shapeways' investors include Union Square Ventures, Lux Capital, Andreessen Horowitz, INKEF Capital, Index Ventures, Hewlett Packard Ventures, and Presidio Ventures.

How does Shapeways support creators and businesses?

Shapeways supports creators and businesses with a full suite of design tools, advanced production technology, and services to help them build and scale their operations efficiently.

Where can I find more information about Shapeways?

For more information about Shapeways, visit their website at www.shapeways.com.

Shapeways Holdings, Inc.

Nasdaq:SHPW

SHPW Rankings

SHPW Stock Data

7.97M
3.36M
8.86%
53.12%
0.26%
Commercial Printing (except Screen and Books)
Manufacturing
Link
United States of America
LIVONIA