Shapeways Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 28, 2024 at 04:26 pm EDT
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Shapeways Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 9.45 million compared to USD 8.71 million a year ago. Net loss was USD 10.53 million compared to USD 6.96 million a year ago. Basic loss per share from continuing operations was USD 1.52 compared to USD 1.05 a year ago. Diluted loss per share from continuing operations was USD 1.52 compared to USD 1.05 a year ago.
For the full year, sales was USD 34.46 million compared to USD 33.16 million a year ago. Net loss was USD 43.91 million compared to USD 20.22 million a year ago. Basic loss per share from continuing operations was USD 6.51 compared to USD 3.05 a year ago. Diluted loss per share from continuing operations was USD 6.51 compared to USD 3.05 a year ago.
Shapeways Holdings, Inc. is a digital manufacturing company. The Company offers customers an end-to-end digital manufacturing platform on which they can rapidly transform digital designs into physical products. Its manufacturing platform offers customers access to quality manufacturing from start to finish through automation and digitization. The Company supports customers through the design, pre-production, manufacturing, and delivery processes across a range of industries, materials, part volumes, and delivery options. Its software supports ordering, part analysis, manufacturing planning, pre-production, and manufacturing. Its software includes manufacturing preparation technology, 2D and 3D tray planning, and machine integration. The Company utilizes approximately 12 additive manufacturing technologies to produce parts in over 120 materials and finishes. It has manufacturing facilities in Livonia and Charlotte, Michigan within the United States and in Eindhoven, the Netherlands.