Shapeways Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 07:54 am EDT
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Shapeways Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 8.44 million compared to USD 8.43 million a year ago. Net loss was USD 6.78 million compared to USD 4.67 million a year ago. Basic loss per share from continuing operations was USD 0.99 compared to USD 0.7 a year ago. Diluted loss per share from continuing operations was USD 0.99 compared to USD 0.7 a year ago.
For the six months, sales was USD 16.64 million compared to USD 16 million a year ago. Net loss was USD 14.18 million compared to USD 8.71 million a year ago. Basic loss per share from continuing operations was USD 2.1 compared to USD 1.32 a year ago. Diluted loss per share from continuing operations was USD 2.1 compared to USD 1.32 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.