Shapeways files for bankruptcy
Shapeways, a 3D printing service, filed for bankruptcy due to financial struggles post-IPO. Plant Manager hints at a potential restart. Industry challenges emphasize the importance of sustainable growth strategies for success.
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Shapeways, a prominent 3D printing service provider, has filed for bankruptcy after struggling with financial challenges since going public in 2021. The company aimed to revolutionize manufacturing through its software platform but failed to meet investor expectations despite stable revenues in 2022. Shapeways' bankruptcy filing was confirmed by its Plant Manager, Jules Witte, who expressed confidence in the company's operations and hinted at a potential restart. The company, known for its online B2C and B2B services, faced difficulties after entering the stock market. Similar struggles are seen in other AM service providers like Xometry, which is facing potential legal issues. The challenges faced by these companies highlight the complexities of the AM industry and the importance of sustainable growth strategies. Despite setbacks, companies that have taken a more measured approach to expansion are faring better in the industry. Shapeways' bankruptcy underscores the risks associated with ambitious growth strategies in the additive manufacturing sector.
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5 commentshttps://www.realtimerendering.com/erich/minecraft/public/min...
PCBway seems to be pushing more 3d printing and CNC services. I wonder if this ate into shapeway's profits?
I wonder if this could be due to a fall in prices of 3d printers ? I can only assume prices have fallen for those printers.
I was intending to get them remade a bit bigger.
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