Shapeways Holdings, Inc. Stock Price, News & Analysis

Shapeways Holdings, Inc. (NYSE: SHPW) has appointed Christine Gorjanc to its Board of Directors, effective April 3, 2023. Gorjanc, a former Chief Financial Officer of NETGEAR, brings extensive financial expertise and experience in scaling technology companies. CEO Greg Kress expressed enthusiasm for Gorjanc's contributions in advancing Shapeways' growth initiatives within the digital manufacturing sector. Gorjanc will also serve on the Board's Audit Committee, where her qualifications as an Audit Committee Financial Expert will be utilized. Shapeways specializes in digital manufacturing, providing various solutions and enabling broad market adoption of additive manufacturing.

Shapeways Holdings (NYSE: SHPW) announced its 2022 financial results, revealing a 5% revenue growth in Q4, totaling $8.7 million. However, the company reported a net loss of $7.0 million for Q4, worsening from a $2.4 million loss year-over-year. For the full year, revenue decreased to $33.2 million from $33.6 million in 2021, with a notable net loss of $20.2 million. Shapeways emphasizes its investments in manufacturing technologies and software, aiming to capture market opportunities in digital manufacturing. A reverse stock split will be proposed in June to meet NYSE listing requirements.

Shapeways Holdings intends to conduct a reverse stock split of its common stock, seeking approval at its Annual Meeting of Stockholders in June 2023. This action aims to comply with the New York Stock Exchange's minimum bid price requirement. The company will release its fourth-quarter financial results on March 30, 2023, followed by a conference call at 5:00 PM ET. Shapeways, a leader in digital manufacturing, combines proprietary software with additive technologies to offer a range of manufacturing solutions.

Shapeways Holdings, Inc. (NYSE: SHPW) announced CEO Greg Kress will present at the Sidoti December Virtual Investor Conference on December 8, 2022, at 3:15 p.m. ET. CFO Alberto Recchi will join him for one-on-one meetings with investors on December 7-8. Registration for the presentation and meetings is free and open to all. Shapeways, a leader in digital manufacturing, offers over 11 additive manufacturing technologies and has delivered over 23 million parts to 1 million customers globally.

Shapeways Holdings, Inc. (NYSE: SHPW) announced the grant of 880,000 restricted stock units (RSUs) to newly appointed CFO Alberto Recchi and 17 non-executive employees as employment inducement awards on November 15, 2022. Recchi’s RSUs consist of 492,957 RSUs from the 2022 Inducement Plan and 387,043 RSUs from the 2021 Equity Incentive Plan. The RSUs vest over four years, promoting retention and alignment with shareholder interests. Shapeways continues to lead in digital manufacturing, having delivered over 23 million parts to customers worldwide.

Shapeways Holdings, Inc. (NYSE: SHPW) reported a 9.5% revenue growth for Q3 2022, achieving $8.4 million in revenue compared to $7.7 million in Q3 2021. The company maintained a 44% gross margin while reducing its quarterly cash burn to $3.5 million. Shapeways currently holds $46.9 million in cash and equivalents and is focused on commercializing its software offering, OTTO, amid increasing enterprise customer interest in sectors like automotive and aerospace. However, the company faced a net loss of $(4.6) million for the quarter, compared to a profit of $2.6 million in Q3 2021.

Shapeways, Inc. (NYSE: SHPW) has rescheduled its quarterly earnings conference call to November 14, 2022, after market close to avoid clashing with other companies' reports. The live call will take place on November 15, 2022, at 8:30 A.M. ET. Participants can dial in or access the call via webcast through the Company's website. A replay will be available starting November 15, 2022, at 11:30 A.M. ET. Shapeways is a leader in the digital manufacturing industry, having delivered over 23 million parts to 1 million customers worldwide.

Shapeways, Inc. (NYSE: SHPW) will release its financial results for Q3 2022 on November 9, 2022, after market close. A conference call will be held on November 10, 2022, at 8:30 A.M. ET to discuss the results. Participants can join via phone or live webcast from the investors section of the Shapeways website. The company is a leader in digital manufacturing, providing high-quality, on-demand manufacturing services globally, utilizing over 11 additive technologies and more than 100 materials. Shapeways has delivered over 23 million parts to 1 million customers across 180 countries.