Shapeways Holdings, Inc. Stock Price, News & Analysis

Shapeways has updated its 3D printed Zebrafish Display at Dana-Farber Cancer Institute in Boston, enhancing it with touch-free technology. This installation, created nearly a decade ago, features 477 models of zebrafish, known for their genetic similarities to humans, symbolizing hope in cancer research. Each fish now includes an NFC tag for wireless communication of donor messages. The project used Nylon 12 and Selective Laser Sintering, ensuring longevity and interaction through mobile devices. This ongoing collaboration highlights Shapeways' commitment to innovative digital manufacturing solutions.

Shapeways Holdings, Inc. (NYSE: SHPW) is enhancing its quality assurance to meet the demands of Additive Manufacturing 2.0, catering to enterprise customers. The company aims to lower production barriers and accelerate delivery times while ensuring adherence to rigorous quality standards. Shapeways provides a complete digital manufacturing platform with ongoing support for over one million customers worldwide. The company collaborates with industrial clients across diverse sectors, optimizing production processes and product reliability with advanced quality control mechanisms.

Shapeways has announced its participation in the 24th Annual Needham Growth Conference, scheduled for January 14th, from 1:15 to 1:55 PM ET. The event will feature presentations by CEO Greg Kress and CFO Jennifer Walsh. Investors can access a live webcast of the presentation through a provided link. Additionally, Shapeways management will hold virtual meetings with investors during the conference. The company is recognized for its leading role in digital manufacturing, having delivered over 21 million parts to more than 1 million customers globally.

Shapeways (NYSE: SHPW) predicts significant growth in additive manufacturing for 2022, highlighting the demand for digital workflows and customized products. The company's new Otto software facilitates 3D printing access, especially for mid-sized manufacturers. The medical market for 3D printing is expected to grow from $2.4B to $5.1B by 2026. Shapeways emphasizes the importance of local production to alleviate supply chain issues. Increased investments and partnerships, including a deal with Desktop Metal, are anticipated to drive market growth.

Shapeways Holdings, Inc. (NYSE: SHPW) reported Q3 2021 revenue of $7.7 million, down from $8.1 million in Q3 2020. Gross profit remained at $3.7 million, with margins improving to 47.5%. The company completed its merger with Galileo Acquisition Corp., strengthening its balance sheet with $90.2 million in cash. Due to delays in capital deployment, Shapeways revised its 2021 revenue outlook to approximately $32.5 to $33.5 million. The CEO expressed optimism about future growth opportunities and the introduction of its SaaS platform, Otto™.

Shapeways Holdings, Inc. (NYSE: SHPW) and Desktop Metal, Inc. (NYSE: DM) have announced a significant partnership enhancing 3D printing services. This collaboration aims to provide manufacturing teams with streamlined access to advanced 3D printing technologies at Shapeways’ facilities in New York and the Netherlands. Shapeways will utilize Desktop Metal's systems to expand its manufacturing capabilities, facilitating rapid production and cost-effective solutions for customers in various industries. This initiative is set to roll out in early 2022, with further integrations planned.

Shapeways Holdings (NYSE: SHPW) and Desktop Metal (NYSE: DM) announced a significant partnership to enhance 3D printing services. Building on a collaboration initiated in 2021, Shapeways will expand Desktop Metal's production capabilities at its manufacturing sites in New York and the Netherlands. This alliance aims to provide clients with immediate access to advanced 3D printing technologies and services, including Desktop Metal’s AM 2.0 platforms and extensive materials library. The initiative is designed to support clients in reducing costs and improving manufacturing flexibility.

Shapeways, Inc., a leader in digital manufacturing, will release its third-quarter financial results for the period ending September 30, 2021, on November 15, 2021, after market close. The timing for the conference call has been updated to 5:30 p.m. ET on the same day. Participants can join through a designated phone line or via the company’s website. A replay will be accessible from 8:30 p.m. ET on November 15 until 11:59 p.m. ET on November 29, 2021.

Shapeways, a leader in digital manufacturing, will announce its third-quarter 2021 financial results on November 15, 2021, after market close. The conference call is scheduled for the same day at 5:00 p.m. ET, accessible via phone and webcast. Shapeways offers a digital manufacturing platform to produce high-quality products efficiently, leveraging its proprietary Otto software and diverse materials. Founded in 2008, Shapeways has served over a million customers, producing over 21 million parts with 11 technologies and 90 materials. The company is headquartered in New York City.