A Tough Yet Transformative Year: 2024 in 3D Printing Financials – 3DPrint.com

Amid a year of dramatic shifts, the financial landscape of the 3D printing industry had moments of transformation and adaptability. Supply chain challenges, rising costs, and shifting market demands made 2024 a difficult year for the sector. Despite these hurdles, key players took strategic actions that shaped the industry’s trajectory. …

Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’

Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12. In an email that notified employees of the change, Paxos CEO Charles Cascarilla said the staff reduction will allow the company to “best execute on the …

3D Printing Financials: Velo3D Sees Better Q1 2024 After Difficult Last Quarter – 3DPrint.com

Velo3D‘s (NYSE: VLD) first quarter of 2024 shows signs of recovery after a challenging end to 2023. The company is reaping the benefits of its strategic realignment and cost-reduction efforts. By focusing on the defense and space markets—particularly defense—the company has strengthened its market position, increased customer purchases, and improved …

3D Printing Financials: Velo3D Struggles in Harrowing 2023 Earnings Report – 3DPrint.com

In its first earnings report since CEO Benny Buller stepped down, Velo3D (NYSE: VLD) disclosed a downturn in its financial performance, as revenue for 2023 declined and net losses intensified compared to 2022. Despite these challenges, Velo3D is leaning on its strategic realignment to stay ahead of the curve, leading …

3D Printing Financials: Protolabs & Lincoln Electric’s Earnings Highlight 2023 Success – 3DPrint.com

In the challenging landscape of 2023, two manufacturing businesses, Protolabs (NYSE: PRLB) and Lincoln Electric (Nasdaq: LECO), reported their earnings for both the fourth quarter and the full year 2023, demonstrating resilience and growth amid a tough 2023 with sharp with plenty of hurdles. Both companies, while not only focused …

3D Printing Financials: Materialise Reports Growth in 2023 with Medical Segment Success – 3DPrint.com

Closing out 2023, Materialise (Nasdaq: MTLS) unveiled a strong financial performance for its fourth quarter. The Belgium-based company reported a revenue increase of 4.1% year-over-year, and despite facing net losses, it more than doubled its adjusted EBITDA (short for earnings before interest, taxes, depreciation, and amortization), proving resilience amid challenging …

Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis

Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago. The collapse of SVB, a key player in the tech and venture …

Marathon Digital bungles crypto impairment sums, will reissue financials

Bitcoin (BTC) miner Marathon Digitial will reissue a number of previous financial statements after the Securities and Exchange Commission (SEC) pointed out some accounting errors the firm made. According to a Feb. 27 SEC filing, Marathon will restate its unaudited Q1, Q2, and Q3 quarterly reports from both 2021 and …

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