Eindhoven 3D printing service Shapeways files for bankruptcy

The 3D printing service Shapeways, originally from Eindhoven, is bankrupt, both in the Netherlands and the US.

Shapeways started in 2007 as a spin-off from Philips. The company let users design and upload their own 3D files, after which Shapeways could print the objects.

The company has been listed on the American stock exchange since 2021. At the time, sales were expected to grow to $250 million by 2024, but that was not achieved. In 2023, the company posted a net loss of $43.9 million, compared to a loss of $20.2 million in 2022.

The company already reported to the US Security and Exchange Commission in May that it did not have sufficient liquid assets .

In the Netherlands, the company was declared bankrupt on July 3 by the court in East Brabant.

Source: The curtain falls for Eindhoven 3D printing service Shapeways – Emerce

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