Nexa3D contradicts insolvency rumors after absence at Formnext 2024

The 3D printer manufacturer Nexa3D has firmly rejected speculation of imminent insolvency. Rumors that emerged after the unexpected cancellation of the company’s participation in this year’s Formnext in Frankfurt had caused quite a stir. In addition to reports of possible financial difficulties, the resignation of CEO Avi Reichental and drastic staff cuts were also discussed.

Nexa3D emphasized that there were no plans to file for insolvency and that Reichental had not left the company. However, the company admitted that there had been redundancies in the current year. According to the company, these measures were necessary in order to “adapt” the company in light of the current economic challenges in the additive manufacturing industry. However, Nexa3D clarified that the company still has significantly more than 20 employees – contrary to rumors to the contrary.

Nexa3D had already explained in a blog post before the trade fair why it would not be exhibiting at Formnext this year. Instead, the company is concentrating on moving to a new company headquarters, which will create the basis for future growth and scalability. The company explained that it had made the strategic decision to focus all available resources on internal consolidation.