Home Industry Shapeways generated $33.2 million in revenue in 2022

Shapeways generated $33.2 million in revenue in 2022

3D printing service provider Shapeways reported revenue of $33.2 million for fiscal 2022 (which ended March 30). This is a slight increase compared to 2021($33.6 million), but there were larger losses for this in 2022.

Fourth quarter 2022 revenue was $8.7 million, gross profit was $3.6 million and net loss was $7.0 million. In fiscal 2022, revenue was $33.2 million, gross profit was $14.3 million and net income (loss) was $20.2 million.

“During 2022 we made meaningful progress in positioning Shapeways for expansion as we continue to disrupt the multi-trillion dollar global manufacturing market. In the fourth quarter we delivered 5% revenue growth, in-line with our guidance,” said Greg Kress, Shapeways’ Chief Executive Officer. “Notably, we made strategic investments during the year which expanded our manufacturing technologies, materials, and certifications, as well as further enhanced our software offering. Our production capabilities now include 12 hardware technologies and more than 120 materials and finishes, and we believe we provide an extremely compelling solution for a range of customers, from project-focused engineers to large global enterprises seeking high quality, flexible on-demand manufacturing. Having made these investments, we are now focused on those areas that offer the greatest opportunity, including enterprise manufacturing solutions and commercializing our software”.

For the first quarter of 2023, the company expects revenue to be between $7.8 million and $8.1 million. Shapeways is focused on profitability and controlling cash burn and plans to expand its digital manufacturing platform in 2023 by leveraging investments made in 2022. These investments are expected to generate future revenue growth while margins are under pressure in the first quarter of 2023. Margin recovery is expected from the second quarter of 2023.

The full report can be found here.

Find out more about Shapeways at shapeways.com.

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