Category Archives: Business

Keselowski Advanced Manufacturing expands with new leadership, 3D printers and facility construction

Keselowski Advanced Manufacturing (KAM), a hybrid manufacturing company using 3D printing technologies based in North Carolina, has announced a host of updates as part of a new significant expansion. The company has made new additions to its leadership team, including the hiring of John Murray, who will act as president of KAM. Furthermore, the company […]

AstroPrint closes $1M in funding from Stanley Venture and Alma Mundi Ventures

3D printing cloud platform AstroPrint has raised $1 million in funding contributed by Stanley Ventures, the VC arm of Stanley Black & Decker and fellow VC Alma Mundi Ventures. The second round of fundraising for the company since it launched in 2013, the new capital takes the total invested in AstroPrint to $2.1 million. The money will […]

SLM Solutions reports 51% decline in revenues in Q1 2019 financial results

German metal 3D printer manufacturer SLM Solutions has released its financial results for the first quarter of 2019. Total revenue for Q1 2019 was reported at €7.3 million. The results show a 51% decrease in the same period in 2018 which was €14.9 million. Regarding the latest numbers Uwe Bögershausen,  Chief Finance Officer of SLM […]

On-demand manufacturing service Xometry raises $50 million in equity funding

Xometry, a Maryland-based on-demand manufacturing and 3D printing service, has raised $50 million in equity funding. The funding round was led by Greenspring Associates, a venture capital firm in Maryland. Randy Altschuler, co-founder and CEO of Xometry, said, “We’re planning to invest these funds behind growth initiatives, product development and global expansion.” “Xometry’s vast network, massive […]

Markforged and Carahsoft to provide U.S. Government with 3D printers

Multi award winning 3D printer OEM Markforged and Carahsoft Technology Corp, a government IT solutions provider, have announced a partnership to provide Markforged’s industrial additive manufacturing technologies to the U.S. Government. Under the partnership, Carahsoft will act as Markforged’s master government aggregator and distributor, meaning it will make the OEM’s metal and carbon 3D printers […]

Did someone just win big betting against 3D Systems?

3D Systems has reported a decrease in revenue of 8% for the first quarter of 2019. While the financial results are unlikely to bring joy to most shareholders, option trading analysis suggests at least one party may benefit from this weak performance. A short introduction to options Trading in options can be done for a […]

Stratasys Q1 2019 financial results flat as CEO search continues

Leading 3D printer OEM Stratasys has announced financial results for the first quarter of 2019. The results show flat revenue, with Stratasys reporting $155.3 million against a comparative figure of $153.8 million. Speaking with investors and analysts, Elan Jaglom, Interim Chief Executive Officer of Stratasys, stated that while he was satisfied with financial performance macroeconomic […]

PyroGenesis reports FY2018 earnings, anticipates “imminent contracts” of $32 million

Plasma torch developer and high grade metal powder producer PyroGenesis has announced its financial results for fiscal year 2018, ended 31 December 2018. Choosing to focus on developing strategic partnerships rather than increasing revenue throughout the year, the company reported a 30% decrease in revenue compared to 2017. As such, for FY2018 revenue was reported […]