2023-08-14 07:44:22 ET
- Shapeways press release ( NASDAQ: SHPW ): Q2 GAAP EPS of -$0.99.
- Revenue of $8.44M (+0.1% Y/Y) beats by $0.06M .
- Adjusted EBITDA was -$6.0 million compared to -$4.3 million for the same period in 2022.
- Outlook: For the third quarter of 2023, the Company anticipates revenue to be in the range of $8.5 million to $9.0 million vs. consensus of $8.45M.
Throughout 2023, the Company will maintain a strong emphasis on achieving profitability and managing cash burn as it expands its digital manufacturing platform by leveraging the investments made in 2022. The investments are projected to lead to an increase in sales in the long term with an anticipated improvement in margins and lower quarterly cash burn in the second half of 2023.
For further details see:
Shapeways GAAP EPS of -$0.99, revenue of $8.44M beats by $0.06M; initiates Q3 guidance