Financial Reports
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According to a story that we first saw on MarketWatch, authored by WSJ journalist Will Feuer, production AM hardware manufacturer Desktop Metal will lay off 160 staff, which is about 12% of its current workforce, as it seeks to control costs after a string of acquisitions last year. While Desktop Metal…
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Total revenues at voxeljet AG (NASDAQ: VJET), a provider of high-speed, large-format 3D printers and on-demand parts services, increased 14.3% to €4.6 million. The Voxeljet Q1 2022 results are due to an impressive YoY jump in the services revenues category, where sales in the quarter grew by 63.3%. The downside…
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AM industry leader 3D Systems Q1 2022 revenue of $133.0 million declined 9.0% compared to Q1 2021 driven solely by divestitures of non-core assets. Adjusted for divestitures, revenue increased 10% compared to Q1 2021, reflecting continued strength in both the Industrial and Healthcare Solutions segments. Adjusted EBITDA margin(1) of 1.4%…
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Xometry, a leading global AI-enabled digital manufacturing marketplace, has reported its financial results for the first quarter of 2022, which ended on March 31. The Xometry Q1 2022 results showed an impressive 90% year-over-year revenue growth, with total sales amounting to $83.7 million for the quarter “In Q1 2022, Xometry…
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Fathom Digital Manufacturing Corp. (NYSE: FATH), an industry leader in on-demand digital manufacturing services, reported very positive results in its first full Q1 as a public company, with revenue increasing by 32.8% to $40.5 million and total orders increased by 17% to $43.8 million. The company recently published results for…
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Proto Labs, Inc. (Protolabs, NYSE: PRLB), one of the world’s leading providers of digital manufacturing services, reported that it generated revenues of $124.2 million in Q1 2022, representing a 6.9 percent increase compared to revenue of $116.1 million in the first quarter of 2021. The Hubs online platform generated $10.3…
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Markforged Holding Corporation (NYSE: MKFG), creator of the integrated metal and carbon fiber additive manufacturing platform, generated $21.9 million in revenues during the fiscal first quarter, which ended March 31, 2022. This represented an 8.6% year-on-year growth, compared to $20.1 million in the first quarter of 2021. The gross margin was…
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Velo3D, Inc. (NYSE: VLD), a leading additive manufacturing technology company for mission-critical metal parts, reported that it has generated $12 million in sales in Q1 2022, which represents an increase of 17% compared to Q4 2021 and more than 900% year over year. “Strong execution enabled us to post our…
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Wisconsin-based Fathom has been driving the use of AM from prototyping to tooling to production for three decades. The company is now one of the largest on-demand digital manufacturing platforms in North America, serving the comprehensive product development and low- to mid-volume manufacturing needs of the largest and most innovative…
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Nano Dimension Ltd. (Nasdaq: NNDM), an industry leader in Additively Manufactured Electronics (AME), Printed Electronics (PE), and Micro Additive Manufacturing (Micro-AM), revealed that the company generated revenues of $10.5 million in Q1 2022 (the quarter ended March 31, 2022), with a significant increase both over the previous quarter (Q4 2021)…
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