SHPW - Earnings call transcript Q2 2022 | Shapeways Holdings, Inc.

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Operator

Good day and welcome to the Shapeways Second Quarter 2022 Earnings Call. All participants will be in a listen-only mode. [Operator Instructions] Please note that this event is being recorded. I would now like to turn the call over to Ms. Nikki Sacks. ahead. go Please

Nikki Sacks

to this welcome mode. quarter earnings remarks. XXXX question-and-answer Greetings all Shapeways participants At prepared the time, will listen-only are call. session and follow second in A a

conference a is As this being recorded. reminder,

this Before Securities that will everyone made Laws, call include which be to the within to this management forward-looking during are we statements started, statements meaning get Any call like Private that remind the I'd making are Securities Reform of statements of pursuant Federal contained historical Provisions XXXX. in statements. of deemed Harbor Safe statements the be to that forward-looking Act not Litigation should of fact, be

Our forward-looking growth, statements estimates recent should these based from acquisitions, differ projected material regarding involve risks performance, financial assumptions. and business anticipated statements, to statements. forward-looking results those Accordingly, various or market upon new those for offerings current impact strategy, of and that results quarter reliance statements materially opportunity expected our on cause future the place are by financial XXXX, undue operating without including and statements. third and actual These limitation could uncertainties not implied of you

financial a schedule revise currently versus release shapeways.com. to market EBITDA the associated business, course see today's the available XXXX. GAAP only describes issued the refer The with Shapeways of any company's this our on website, to There's non-GAAP call today, and description adjusted in update can the please reconciliation conference for including risks broadcast press or on speaks required XXXX. company's non-GAAP to is our SEC ended our in call, which filings, Form by obligations be report statements. forward-looking June XXth, close the XXth, For results the during found quarterly Also, today, law XX-Q of after showing quarter uncertainties except which the as we’ll measures. information August provided

Walsh, are to Chief Officer; today, call Greg? I Kress, Financial Officer. Chief the Greg now Jennifer would like Executive And Greg. turn the On call to over

Greg Kress

to purpose-built for results for QX business enables Thanks in we the by billion flexible Walsh, digital plan. outlook our our market. a second during high-quality, everyone. the digital believe our opportunity financial providing market that share Shapeways is expanding quarter regard discuss the with joining our XXXX physical combine this share There with manufacturing CFO, morning, to growth capture made and and to progress that Good progress quarter. software the third update rapidly into customers positioned us ideally Jennifer We will then tremendous strategic have quarter. I'll proprietary results a begin is Shapeways financial to and and transform we of manufacturing on-demand $XX products. designs discuss

the our help efficiencies our on additive suppliers buyers. a initiatives, to We across manufacturing go-to-market strategy; are manufacturing processes; the for service commercializing capabilities; drive accelerate and our and a manufacturing key each software. progress which expanding one, four modernize to two, In helping executing of traditional include: chain quarter, digitization customers our three, expansion second of as we more comprehensive tangible continue our include offering network to manufacturing of growth four, of and we make the across the manufacturing supply broad

as that position. confident are Shapeways' execute will We strategy, leading we extend to on this continue we

and Shapeways This capability, to in new positions add expanded broadens in investments we've addressable our certifications further to our made customer internal customer to platform. offering needs. support our of including new us significant finishes expanding of enhancing offerings, progress to our serve existing first and the wider customers hardware market enterprise materials, technologies, a terms In spectrum initiative, manufacturing additive needs

provide offer manufacturing capabilities, ability enhances to printing. industrial Sintering the Melting precision to HP Printing us Specifically, printing. to which expanded footprint to metal Laser Electron Arcam now GE our we Metal internal and US, plastics We Fusion added EOS our Multi Beam enables our Direct Jet which

with partnered market, these Additionally, and and Certified of win from industrial. expanding type completed this hardware offering at adaptive registered starting By accessible in verticals access addressable QX prospective our sales we development go-to-market sales by have in location strong now offer Microsoft, of business LinearAMS a have given customers, ITAR new time expect XXXX such is manufacturing capabilities, while while ecosystem broadened offering capabilities. for encouraged additional manufacturing market of on customer the their value support offer verticals. our as we enterprise-level this self-service We're enterprise business business, compelling we are growth in In aerospace, with range associated An the we acquisition initiatives second our the team enterprise automotive positive and disabilities. growing with accessories pipeline with to people are manufacturing our key accelerate our to discussed proposition we customers than with our cycle feedback over target the building and to industrial more grade an capabilities our have example last we longer strategy, we to our of historic is brought make who hearing and we our to pipeline target medical, and customers on initiative, call. full our ISO

to Our more manufacturing service third manufacturing include expanding is offering growth our processes. initiative traditional

with adds access discovered MFG manufacturing making buyers of is Shapeways software discussed provides buyer marketplaces. to on thousands by manufacturing supplier of possible easy MFG's to for them We best the the set traditional request-for-quote outsourced suppliers platform. core business its auto part and to custom This helps metal. be with of we to complementary the MFG the with have a manufacturing fits multiple machining to their map in development provide believe in of broadens lead In acquisition and Shapeways supply to acquisition grow capabilities an our component it are a cross-sell our of accelerate completed services. needs and to wallet, that further a of provides we support quarter, find to expected sheet our our strategy and to of ad manufacturing enable our completed position continued last as MFG which and chain Shapeways of the molding, our ramped of manufacturer new our capability through important also manufacturers business base solution. MakerOS, up their Software supplier quarter share MFG customers greater the call. fourth to The that cloud-based capture customers' management to potential supply second commercialization a with on The traditional element or network business offering. is and hundreds chain rollout our SaaS covering both and Service key development strong services network a our offering those the to manufacturing us the and the and benefits, access us software in-house MFG road including better offer our product with comprehensive we customers software. The of

Our to software is one of key grow purpose-built exciting represents proprietary Shapeways opportunity revenue. it differentiators, our and an

additive compelling step workflows, manufacturing requirements. with cost wide customer process from maximizes value array a turn, at the the for traditional of optimizes scale. tracks of and and digitizes a and every and This part the complex manages and manufacturing removes truly associated proposition manages manufacturing enables high-quality gross process in efficiently the manufacturers. which Our friction dynamic, a efficient end-to-end It ever-changing profit, software

to providers. auto and the enhanced MakerOS a processes and features of management project-based further to SaaS production SaaS a and Beyond facilitate tools our addition acquisition offering advanced prototype tool. service platform second software complementary MSG, the MakerOS. design, and communication including the and of for platform, service has that we strengthened with MakerOS offers brings quoting, manufacturers customer project collaboration scalable tools

expect the these are offering. grow to Beyond with which continued Shapeways potential expected expect an of our software installed we increase customers base through the both we SaaS acquisitions and acquisitions of the product of customer market, revenue short, both complementary capture and road accelerate component, relationship. build orders Ultimately, as have to map. continue our both we those base these both to through and to bring customers our development In to manufacturing, on addressable our and auto rollout expand

the us offerings to the remainder scaling focused of which and them the near access are an integration product opportunity gives to on future. of the these We monetize year, through currently in them

deepening leadership has expanded positions the growth in roles focused senior team team These Chief of General to Counsel operations, been are strategic Shapeways finance. the Officer, plan. functional on addition, our senior leadership and the execution senior include marketing sales and Operating product, In leadership and supporting engineering,

digitization industries. network. brings more from industries He Finally, sales, He welcome than of manufacturing we're R&D, USA. already serves thrilled Directors. we as to and and And and of Raj Siemens benefiting in XX are our industrial for Board the President Digital aspects Batra has years Industries of at currently digital experience to and insights consulting, across digital marketing, vertical expertise his automation

We continue to the time, the is there no which and have we that macroeconomic priorities strategic increased on control, denying same focus will uncertainties. is what outlined. At we global

environment software disruptions. well modernizing modern significant of platform supply access near-term a our two, these around labor, software. potential and delay the to benefit. customers Additive manufacturing the as in one, chain industrial-grade and result with to push internally chain manufacturing flexibility and manufacturing and building Shapeways are: shifts and towards important to has decision, knowledge CapEx, manufacturing managing shifting and fill in capabilities customers us buying additional which digital benefit potential Shapeways shift. is growing offset allows overarching continued this the continue and could strategies positioned particularly trends, supply providing US; need, manufacturing utilize has in making to Two Shapeways to without an at and impact for This customers high-quality back While should to nearshoring innovative scale. enable agility market as tailwinds to we investments is pressures our manufacturing it potential believe

years expands customers, have through our opportunity continuing We for to services we which enterprise growth. believe to our towards we focus provided are our deliver successfully self-service model, evolve these and long-term

in execute and investors financial more opportunity capture to our market tangible making progress, their I all results and are using and our like support. our our highly thank would now software. detail. ongoing stakeholders of we team, entire platform will scalable We expand as Shapeways digital share for Jennifer our the our discuss manufacturing to on

Jennifer Walsh

to Greg. $X.X on quarter. for Thanks, million second third historical in towards business. sales to revenue in partially with recap was expectations. $X.X due a the self-service prior cycles was update year, In our provide have and of shift the our which quarter performance, our market give our in The and growth our quarter, the position, XXXX longer opportunities, enterprise compared balance middle second line focus provide sheet million, change I'll the guidance an than

the of our starting aspect and this we growing towards the balance from spend we benefit and move conversion resources anticipate business pipeline, beyond. of year our prioritize of to the as the continue We to and through

in compared the XXXX. second of XX%, the Our in quarter gross XX% to second were margins quarter

We margins, recently change product varied continue to deliver of top-tier and mix, technologies, revenue. and to with impact was primarily the more year-over-year due deployed continued along the new ramping lower a of gross the

results Second of related linear of a $X.X $X.X quarter last for expenses our EBITDA the million in to quarter other acquisitions MFG compared future AMS, personnel, the growth. of These and year. year. second gain spend, was loss a drive to $X.X higher reflect million, million in makers, expenses in additional to the of marketing adjusted and million, to $X.X compared SG&A quarter prior investment were expenses the second

being increase publicly company. We an also related fees to and a saw professional other spending traded in

to balance $XX.X Turning totaled sheet, June XX, of cash XXXX, cash and equivalents as million. our our

to deployed the into $X discussed. we million quarter, primarily acquisitions approximately related our growth the During previously strategies,

make potential to comfortable with with continued hardware, our liquidity initiatives, strength our funds to acquisitions We execute our our purchase the to believe of our the executing necessary fund operations. with our sheet investments strategic and our the provides growth on are plan. and that position continued expansion including ability the balance align team, We additional in of of us targeted sales

the acquisition added we Michigan. facilities with Linear Additionally, manufacturing AMS, of in

had we facilities modern results forces material to global broader we the working to large are across pressures, Consistent these mitigate chain proactively not are with serve well geopolitical date. and own located the supply challenges effects country. to have to our these and to face that the excited are But impact on We customers ones. potential a inflationary expect economy,

of the be for $X.X ahead, anticipate XXXX, and million. revenue we quarter to $X.X the third range Looking of in million,

impact hardware in margin. we and opportunities on As anticipate continue as to and find gross our our invest recent continued we near-term our initiatives, go-to-market new some gross integrate acquisitions. and We within margin

of ramp resources, recent of and business the and technologies development continued our investments increase offering the a acquisitions. auto our impact in continue an future new We expect sales completes to SaaS rollout in the prepared from in our This materials, remarks. of

the questions. We call will Operator? open for now

Operator

from [Operator go Thank Needham Jim Please ahead. you. Instructions] First question of comes Ricchiuti Company.

Jim Ricchiuti

morning. Wanted financials? as term look we we about you've perhaps potential least and over what which Good go-to-market quarters the are you. of overall acquisitions to Thank you, is that at of the of think made strategy and the on impact some ask at couple next have wondering near greater the I'm near-term these have and the the to initiatives, your

Greg Kress

the for It's Jim. to you. hear good from Thanks question,

right? one we're I a things of think four take talk a we individually. focused I that on, them step little if there's each about back, And can

done. additive is First we've that the manufacturing expansion

out outbound is the and also from traditional services are from enterprise some an manufacturing gaining an new perspective. our base resources more expansion go-to-market software. have from momentum four I customer. sales focus where customer, M&A on us one There's allowed that needs building commercializing initiatives. basic capabilities And and projects we development to want our think business growth our we on the our we the to obviously, is, QX, that also perspective but scope expand of customers expand transactions second to this that hardware all in things offer the those to The real for did the of really accelerated installed a we is, It then

incredible better that go-to-market it can to allowed traditional customers development strategy or expand needs that with some resources, additive enterprise we we us where on MFG have. help brought our us an logos business us side, support the supply side. additional And filled that software. align allowed us gaps the focus enterprise MFG and we on that of chain And On gave were software, make to that and really pull key of forward and things to, product commercializing the on get faster. a continue have would in progress our commercialization I the product kind to bit ultimately and then good quite on MakerOS roadmap us say, the

don't -- developed a I term. is specific one the, on short most will really has go-to-market -- And going so, that been expansion answer say in the to there's we've think incredible I sales focused think I pipeline. deliver have which one been an we've results I the on

longer our it I model. has it's historic Now converting think that pipeline a into quickly. very had been the we revenue we into actual sales originally sales, has to business aspect because very expected, lot And taken model transition a specifically a than where customer model into self-service that on-demand self-service

of and in that we've front getting we And of And of With enterprise POs taking we about making. a than we're outbound us. on process as executed and longer have the excited sales the sales resources I we're clients, deployed opportunities is expect. orders so, parts ultimately lot being focused that think very said, progress qualification just to

across And for most the that. call work been but to term of of I the I think the on if we're to to opportunities all building last out I some we've so, nine think for sales the six reap going I them, it's to those one think start was there's from rewards that going months doing near that opportunities

Jim Ricchiuti

Got it.

to call Now one in Great. out. as

adding is from do new some from there, it a longer customers whether on the HP. new initiative, side, expanding metals or that, or clearly -- existing? of see on Just you metals -- made anticipate additive and little would then -- initial both assume I technologies bit on that takes a progress impact to you -- has the quite the on How traction it's

Greg Kress

No.

think of more those our phase those some of maturity very them. support I say different and that technology running is mature them printers I facilities where a those some impact and of metal opportunities are of a pieces all rollout think would different several products. And the I we've we as see and customer with to there from can of from I that think orders today kind one offering. deployed our near-term types even technology technologies near-term in materials each are has And perspective.

progress. So we're good making

that Now getting them. capacity see think there to to of I start deploying we more machines. do volume short-term some year, we're for those But I assets, in as and going to specifically for come see them think benefits in we'll is the half back that the

Jim Ricchiuti

of should Got a for you. it. and -- could One we basis the there more in back and we your strategy? go-to-market any I'll just the growth operating question expense way any on the given some investments, think way Jennifer, just queue. go-forward the some about a of jump acquisitions Is

Jennifer Walsh

Jim. Thanks,

think in expect operating I seeing line with can relatively you in be expenses you're QX. So to what

some companies. are but hiring, also We like doing many market, other to broader just the we've responded

hiring order So and pulling preserve plans we've back started a in on bit our to really maximize cash.

the but year. continuing hire, are just we we the to budgeted hiring So, aren't clip we had when we originally predicted that at

with that, huge the a but So the short I would quarters, I an again, future mind, not bit is in jump. answer would in -- anticipate all uptick a of

Jim Ricchiuti

Got you. Thank it.

Operator

Thank you.

Our next go from question of Please be will Craig-Hallum. ahead. Palm Greg

Greg Palm

a it's dig are the for seeing, little you new to Yes. the Thanks on bit types little Good bit pipeline detail Maybe a I here. certain pipeline. curious morning. whether more markets just end customers taking questions the what of wanted in for?

Greg Kress

hear Yes. you. Hey, Greg, from great to

were little we've verticals. aerospace, people broaden what expertise verticals those that, seen in what to around those And specific was I seeing with and verticals. think sales so one across automotive. we're And we're each a to out bit we success -- applications finding after And far, industrial as resources, is, the strategy so development we across built go right? in the some went team our about of the specific more brought we we've talk domain if and pipeline, and medical

I level these want will of Fortune one I don't of of them. this in one enterprise have to necessarily XXX we end-use is each opportunities NDA things lot front think the be like customers, do customers say, But -- space under that. significant challenge a in because of that applications enterprise-level our requirements that are and mentioned real with

build those our customer a we Microsoft example, but know words, when the is digital created Microsoft prepared and deploying technology for we a And helped really and of good the highlighted probably I doing look production went I in We them out a right? so, at it They'll configurator. We QX in program be associated next all we'll platform the be in globally, them. that inventory with year. work applications, with

of as And very see we've benefits expected. big the work to programs buying get back had year the think we into there work the think I so sizable in fruits from year done, we But again, hard these cycle the that the are longer of companies. opportunities than and sale. I will with on that we into pipeline all convert And the we half start and next that is

Greg Palm

are these customers? are to them competitive good. That's of as customers convert mostly you wins, And or pipeline these enterprise using potential over I them mean, Would and characterize traditional additive? processes No. trying these to that you're are

Greg Kress

to costs profile would for a gross margin not the think and – some say in our both. from same. of all our the strategy business. I going that It's remains perspective, I there's pricing win reflected is at We're

these capturing good for very we're still margin customers. so gross enterprise And

want all than so in And feel to maintain market. a highly differentiated have others quality We a superior because costs. but the we competitive, delivery competitive position at we and not we be will

process would the obviously customers, process -- quite those for interesting I it's parts and ultimately typically transitioning they it the we redesign more on some are programs seeing we're are with because think applications. switch those are a longest The takes working qualification over of very the second but is, of through applications and both then last while there into additive. are go a And traditional where that things that doing

Greg Palm

a is question the that you're have that tie core I as excluding software, think got opportunity this cross-selling today, some Okay. play base just of traditional these you've how and your if got some you've you're some getting you've you your current kind it offering, initiatives got your customer curious out to you're but And broadening back growth guess, you've because as – that new customers about presumably, customer could then, strategy of of additive. want spend, processes, pipeline, sort I well? into and I'm wallet new overall to broadening now got of be

Greg Kress

Yes. We completely agree with you.

hard, the we capabilities we the it why in before. highly different capacity reasons highly that MFG supply the moved should the with outsourced see we the commoditized hundreds where leverage as and incredibly part to we processes additive, industrial of easily system -- And we established that included more manufacturing versus manufacturing capacity suppliers that's also manufacturing talked chain, we us And at higher use out because they're past, thousands have can we're get provides one as ourselves high-quality it's strategy, excess bucket. getting substantial commoditized able we rate not of that gross in are also have rather that are really there this commoditized, something our traditional and of one, as and it's with processes not the is didn't processes be think a differentiated of scaling in but of our that manufacture, with forward add And I accomplished. because it's We'd an differentiated, these model, market because, we've interested internally. of scale about leverage not to because if not software right? platform of achieved but is been margins in

good really feel investment we so there. you. about I agree But And with

to think wallet. share I can we our of start expand

MFG closed we transaction said, the Now with that being mid-QX.

integration too off the stepping And a quickly. through asset basically And with go before we the going we of process foundation that, of as kind make to we a want about way we we're integration have building post-merger our deploy we're think it. we're today. strong that that so, of And through sure

back of the in I year think more of you in the will but XXXX. -- see that half so And

Greg Palm

Okay. luck. best Thanks. of Good, all right,

Greg Kress

Thanks Yes.

Operator

you. Thank

Jacob go will question be Street sir. Capital Lake Our Markets. next from Stephan, ahead Please

Jacob Stephan

for Thanks work to side on report I and GE just of and business. your give to that, make Desktop product my Hey. us you kind just about Kind the together the progress EOS a also talk Could want Metal, questions. of Yeah. then, rollout of metal full with a taking offering? ExOne, focus on

Jennifer Walsh

Yes. right? Yeah. time. speak still we working good don't have we're we question. And you. to assets Thanks just facilities. quite the of progress closer gaps we closer starting for good offering a we those QX, There's It's that from are Long complete, City in we've if to about that -- bit with started your question, And first about think our today, handful metal and in deployed -- and we comprehensive facility oven desktop. over assets Island spoke on that The -- to see metal both we're to our To strategy, and be have to hear today have necessarily a but are a with.

itself of reprint think commercial I economics on those our metal drive And those look help and some desktop business really working team now of significantly machines better. our development with rates some that dropping some volume with opportunities to the machines. on can are we're

that to several would the that machines months -- XX have part we like of order in placed was the the next initial desktop with had we planned other to for focus on metal. also We XX probably that

of the XX I that purchased, to over will we ordered machines those and more XX next were think, And seeing months. but haven't we that, deployed be so

we're AMS this deep relationships Now obviously, customers lot have precision metal use conformal GE there's are think some specifically servicing here. And we're a improving of through injection automotive of big is on those the potential applications customers. in can enterprise-level And linear today. space. using lot and enterprise this injection And with the and in And the with the manufacturing, manufacturing. and I industrial cases, of with improve a that of with And different side, of they process. cooling with you the that several molding tooling And dramatically and customers molding EOS associated like more economics the acquisition, molds things additive customers. in space seeing consumer process

very we're and think progress. to the So I'm driven see XX team operations where they has next I making XX that to high the economics in think I excited -- very will those, expectations how for months. go And equipment improvements the have of good in

Jacob Stephan

And just added are looking what it. yet maybe get at be software full needs your kind to rollout, inning and what of Okay. to the Got offering?

Greg Kress

I the we're innings ambition that but With to Yes, wanted our to Yes. where think software, great had start a early we of in a said, of base still bold pretty get. have we I off platform Shapeways right? of, We've has software great time. this big gross produced long through own and at for million KPIs. differentiator parts a a used our end-to-end internal as XX margin software over unique incredible

I to with date. us will we've And so, rolling a impressed really the say, made to audience. But basis I'm I out broader for that's the think it progress

two to this one, that right talked year, had we were that. milestones We're map feel platform of one to doing of making and wanted we're a in that with on in lot I did do do place. unification now we'll some that process first that’s we the on in we're rollout, think incredibly to phase half the they we I the that QX. side. want about hit. had in that. hit that still acquisitions, -- we were But And phase with acquisitions we accelerate the able the track road we like and strategic And originally the there's

about think always half the phase two, second the was we of that planned year. As for

individual that we'll manufacturers last that And And focus thing more here software for thousands tools customer I with too. manufacturer significant are so, taken us we've thousands deploy but would of the with check to now of base start I'll perspective, very that already is, moved use a the the on us a there to lead start the some is think it go opportunity, or that manufacturers into have first MSG our of the you an to using By manage phase let thoughtful base, I product and out on for two is and steps moving software gain small MSG, development base from provides to could to and site, -- a there's and the manufacturing customers our to platform where RFQs that use. note digitize. software to

acquired I that software. very out have productive. to customers And think, way we've base very our we And lead I rolling make of so, of creative a think the

of months. we're And a again, where next over I about the vision have expectations early take have will it excited and goes. we high But this that XX really very bold we're where the where of still in so, very we us. of But, take software phases can

Jacob Stephan

Okay, follow color. up Thanks the for great. off-line. I'll

Operator

you. Thank

Our of Stifel. ahead. next from the go Dilts will be question Please, Noelle

Noelle Dilts

your sort morning. Good cash I guys. cash back should be half flow, press release, you viewed first half. usage the as not that indicator of a know Hi, mentioned In an for

needs was that Thanks. So how cash just could thinking at how how about for moment? you you're I and comment you're and the about looking on is internal hoping your M&A thinking pipeline also then the

Greg Kress

to from Yes, of great course. you. Hey, hear

think I a of couple things.

first by gaps of that of quickly some the driven quarter. like our and previously saw and on at purchase burn also then we year, – moved maybe desktop even operating look this primarily to of is it that in noted burn some And growth in more maybe $X obligation we normalized, we our call in we million the to cash the think million strategy. $X the a I the M&A the of already cash half fill metal as that, was the

cash our that, more assets commercial – on some kind CapEx, think can so commercial said, we in could and With drive will good continue like would – other also M&A lean then need And lot into perspective, cash. of market return there's normalized being burn. a we behind different of that very or us. we a which investments And still can an where look looking have use, And better that acquire be at and we businesses areas I we'll of for investors the that to shareholders. strategically where or at we're moving forward have of that's opportunity, a from

pursuing but be we we're be would the And to to say, we protecting business the it balance sensitive in we'll cash with feel to way so And also like we want very the there's to will we access, a balance a have. love that the it. of pipeline, see that, I great as operate cash want and that we I business.

we're will be – and that sure we make So prudence good using necessarily overextending very ourselves. not

Noelle Dilts

deceleration kind course and Okay. anything mid-August, any in third, quarter trends the of be we're about? Great. notable I kind second through seen into then that that or just of we of Thanks. if And curious given as the the significant thinking should acceleration, monthly you've was now,

Greg Kress

Yeah.

of would sale, say just mix mix that a think is, of the from that to products of I it's flow with a I have one to they of manufacturing because jump products any also conclusion, our thing monthly cycle. With perspective, kind hard business. different into

from with So a depending But being that on the the with quarter. we're feel think we revenue guidance providing guidance how said, I – we that deliver customers. comfortable for providing, perspective the that it to

– And I any there's the large with jump time we performance, it. may that between so to on to monthly there's line a have delivery choppiness months, – to knowing think, – of any customers not on with I orders associated try just early that, indicators jump so wouldn't much don't to

we And that guidance really on with think so there, like call comfortable there's specifically the to do but we revenue side. I feel nothing the provided that, out

Noelle Dilts

Thanks. Okay.

Operator

remarks. turn question-and-answer Please closing Mr. go Thank you. our This I'd concludes ahead. for over now Greg the session. back conference to to like Kress

Greg Kress

of Thank We for to time providing on call. the like and look coming us the in guys you'd to want any with forward love We'd schedule, today Shapeways taking to that know. behalf thank please Thank you. you. the call additional updates calls additional On I if everyone or just talk And joining to entire let team, follow-ups, jump have you the months. you. the and

Operator

you has attending Conference for now today's presentation. Thank concluded.

may You disconnect. now

Shapeways (SHPWQ) 12 Aug 222022 Q2 Earnings call transcript