âShapeways Holdings, Inc. facilitates the design, manufacture, and sale of 3D printed products in the United States, Europe, and internationally. Its website provides services to 3D designers for uploading and printing their models that enables them to turn their digital creations into physical products. The companyâs website also offers a marketplace, which enables designers to share and sell their products, including a range of personalized custom-made items, such as jewelry, household items, and art products. The company was founded in 2008 and is based in Long Island City, New York.â
Current market cap (mm)
$154.55 million
Current price per share
$3.20
Firstly, brilliant stock request! This is exactly the sort of thing that will get people interested, and then vote. While I mention voting - you need to vote for your own request.
Thanks for the request letâs see if we can get some traction!
Thank you @NeilB ! I will vote for the stock request. On demand 3d printing is the future of manufacturing! we need shapeways in freetrade as soon as possible!
Today anyone can become jewellery designer and jewellery business owner thanks to shapeways e-commerce platform/website. All you have to do is hire 3D designer from UPWORK dot com for $20 to $35 per hour and tell the 3D designer what you want through Zoom video call and upload the designs to shapeways.
If you think about the way 3D printing will reshape the supply chain â you will see, Shapeways can reduce the import cost and intâl shipping cost by sending the 3D files to SME based in the country the customer is located.
Order fulfillment stages:
Step 1: customer submits designs
Step 2: customer orders products to be delivered to address in a country
Step 3: Shapeways supply chain partner/local SME with 3D printers prints the product and sends the products to the customer using local postal service
shapeways pays Zero import taxes. The cost of shipping the product internationally is reduced to zero. Plus, the more supply chain partner network effects grows, the more the cost is reduced â a flywheel effect
Shapeways Reports Fourth Quarter and Year End 2021 Results
"- Full Year Gross Profit Grew by 14% -
Financial Highlights for the Quarter ended December 31, 2021
Revenue was $8.3 million compared to $8.7 million for the same period in 2020
Gross profit was $3.9 million compared to $3.9 million for the same period in 2020
Gross margins improved by 250 bps to 46.8% from 44.7 for the same period in 2020
Net income (loss) was $(2.4) million compared to $(0.2) million for the same period in 2020
Adjusted EBITDA was $(3.1) million compared to $0.2 million for the same period in 2020
Financial Highlights for the Year ended December 31, 2021
Revenue was $33.6 million compared to $31.8 million for 2020, a 6% increase
Gross profit was $15.9 million compared to $13.9 million for 2020, a 14% increase
Gross margins improved by 360 bps to 47.3% from 43.7% for 2020
Net income (loss) was $1.8 million compared to $(3.2) million for 2020
Adjusted EBITDA was $(4.5) million compared to $(1.4) million for 2020
âIn 2021 we diligently executed on our strategic plan while completing the milestone of becoming a publicly traded company. The completion of our business combination facilitated accelerating our investment opportunities to drive long-term growth by enabling us to scale across materials, markets, technologies, and broaden the rollout of additional phases of our offering of software as a service,â said Greg Kress, Shapewaysâ Chief Executive Officer. âWe appreciate it will take time to realize progress on each of our key growth business development initiatives, which include the introduction of our proprietary software Ottoâ˘, growing our customer base, and expanding our additive manufacturing offerings through the purchase of additional Desktop Metal machines.â
Mr. Kress continued, âShapeways is well positioned to capture and expand market share in 2022 as these investments continue to ramp and contribute to our long-term growth. We entered the new year with a solid business pipeline, and believe that we are well positioned to continue providing world class additive printing solutions through automation, innovation and digitization. We remain committed to executing on our long-term strategic growth plan, which we believe will allow us to expand market share and accelerate growth in the coming quarters."
Current market cap (mm)
$114.46 million
TEV (mm)
$35.75 million
Current price per share
$2.40
"A breakdown of its revenues shows that in 2021 direct sales (where Shapeways provides AM services directly to the customer who selects the model specifications) accounted for roughly 76% or $25.6 million, and that was an increase of 8% year-over-year.
Slightly offsetting this was revenue for marketplace sales (a platform for shop owners to sell their products to their customers utilizing the Shapeways e-commerce website). For 2021, marketplace sales accounted for about 24% of revenue or $7.8 million, and that was down 2% year-over-year.
Currently offering eleven 3D printing technologies and roughly 100 materials and finishes, Shapeways is set on scaling innovations. Over the years, the New York-headquartered brand has delivered over 23 million parts to approximately one million customers in over 175 countries.
In the fourth quarter of 2021 and into the first quarter of 2022, it began deploying a broad Desktop Metal (DM) machines portfolio to expand its global manufacturing footprint across metals, elastomers, polymers, composites, and digital casting applications. The printers are expected to play a significant role in Shapewaysâ growth and expand its additive capabilities.
Aside from the three new DM machines currently in use, Shapeways anticipates implementing up to eight additional DM hardware by the end of the year, which could become a vital revenue source for the company as they come online in increased capacity.
In the fourth quarter of 2021, Shapeways publicly launched the first phase of its Software-as-a-Service (SaaS) offering under the brand name Otto to gain feedback on product-market fit, pricing, and optimal use cases. Furthermore, the company said Otto is âa purpose-built SaaS platform which provides traditional manufacturers with a simpler, faster and more flexible path to 3D printing for industrial-grade production.â
I have edited the last post and placed 3Dprint dot com article link at the top of the post. Readers can click the link to read the arguments in the article
Shapeways Otto software offers Small and medium-sized enterprises purpose-built SaaS platform to fully utilize desktop metal, Velo3d, 3d systems and Stratasys printers production capacities
Shapeways âOtto is a highly developed digital manufacturing platform meant to advance workflowâand ultimately, revenuesâfor companies seeking to provide quality 3D printed parts to their own customers.â
Shapeways Otto software is the future cash flow generating machine
Shapeways is a potential acquisition target for desktop metal. Desktop metal is a shareholder of Shapeways
Current market cap (mm)
$114.46 million
TEV (mm)
$35.75 million
Current price per share
$2.40
