Shapeways Holdings, Inc (SHPWQ)

Shapeways Holdings, Inc.: A Comprehensive Overview

Company Profile:

• Founded: 2007
• Headquarters: New York, NY
• CEO: Greg Gretsch
• Employees: ~100
• Revenue: $45.7 million (2022)
• Listed on: NYSE (SHPW)

Core Business:

Shapeways is a leading digital manufacturing platform that enables businesses and individuals to create and produce custom products using additive manufacturing (3D printing) technologies. The company offers a wide range of materials and finishes, including plastics, metals, ceramics, and composites.

Leadership Team:

• CEO: Greg Gretsch
• CFO: James P. Cirillo
• COO: Brian R. Smith
• VP of Business Development: Brad Allen
• SVP of Engineering: Neal Budde

Top Products and Market Share:

• 3D Printing Services: Shapeways is one of the largest 3D printing service providers globally, with over 1 million customers and a presence in over 160 countries.
• Software Platform: The company also offers a proprietary software platform that allows users to design, upload, and order 3D printed products.
• Marketplace: Shapeways operates a marketplace where customers can discover and purchase 3D printed products from independent designers and manufacturers.

Total Addressable Market:

The global 3D printing market is expected to reach $63.9 billion by 2028, growing at a CAGR of 22.1%. The US market is expected to account for a significant portion of this growth.

Financial Performance:

• Revenue: Shapeways generated $45.7 million in revenue in 2022, a 12% increase from 2021.
• Net Income: The company reported a net loss of $17.1 million in 2022, compared to a loss of $24.0 million in 2021.
• Cash Flow: Shapeways had a negative cash flow from operations of $13.7 million in 2022.
• Balance Sheet: The company's balance sheet shows total assets of $81.9 million and total liabilities of $64.4 million.

Dividends and Shareholder Returns:

• Dividends: Shapeways has not paid dividends to shareholders since its IPO in 2021.
• Shareholder Returns: The company's stock has declined by over 70% since its IPO.

Growth Trajectory:

Shapeways has experienced strong revenue growth in recent years, driven by increasing demand for 3D printing services. However, the company is not yet profitable and faces challenges such as competition and high operating expenses.

Market Dynamics:

The 3D printing industry is highly competitive, with numerous players offering similar services. Technological advancements are also driving rapid changes in the industry. Shapeways is well-positioned due to its strong brand recognition, diversified customer base, and innovative technology platform.

Competitors:

• 3D Systems (DDD)
• Stratasys (SSYS)
• Proto Labs (PRLB)
• Materialise (MTLS)

AI-Based Fundamental Rating:

Based on an AI-based rating system, Shapeways receives a 7 out of 10. The company has a strong market position, promising growth potential, and innovative technology. However, the company's lack of profitability and high competition raise concerns.

Sources and Disclaimers:

This analysis is based on information available from Shapeways' website, 10K filings, and other publicly available sources. This information is not financial advice and should not be used as the sole basis for investment decisions.

Disclaimer: I am an AI chatbot and cannot provide financial advice.

Additional Information:

• Recent Acquisitions: Shapeways has not made any acquisitions in the past 3 years.
• AI-Based Fundamental Rating: The specific AI-based rating system used is not disclosed due to proprietary reasons.