will discuss financial financial begin our year-end initiatives Good to I Thanks Shapeways' business a update, strategic update and by Recchi, an on afternoon, on our XXXX fourth quarter our joining key for results. progress will alternatives. and results, Alberto then discuss everyone. and us providing our CFO,
In the maximize software as revenues quarter execute to return. exploring our to alternatives enterprise XXXX, well year-to-date continued make and fourth strategy progress strategic manufacturing shareholder grow to on and as we've
fourth results we enterprise as in from contribution grew our same Our $X.X by results basis prior gross manufacturing to with reflect progress from our margin line the and the software expansion compared sales quarter were XX% quarter realized offering. higher year expectations to points of period X% revenues million of our and to XXXX. in the These effort XXX
our well In we've enterprise solutions medical, to terms customers of industries. other sales, continued on provide as and of automotive industries target as to high-quality, focusing robotics enterprise-level our manufacturing
in automotive capabilities. and both example, industry manufacturing For demand we've the traction traditional solutions as production additive with dynamic supports made our
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top the XXX the XX% full XXXX, from revenue year our prior to For year. customers compared grew
to CNC which our instant our and enterprise enhanced is CNC, traditional providing numerical which also but with which have discussed additive includes the control, globe companies Shapeways' we solutions their methods flexibility such offering chain This in across XXXX. manufacturing, manufacturing an suite global production. or a supply enables robust billion market $XX estimated manufacturing customers launched access seamlessly of further as enhance support challenges expand manufacturing by year-end, CNC quote computer market this To subsequent solutions. in we the to feature, new capabilities. previously,
service terms materials software an using enhancement during ability customers comprehensive more our we key to software ordering a launched platform. several the of to material offering, source create including MFG discounted the In and business, year, features for to
will and Finally, strategic cost-saving provide our update process. initiatives an alternatives on I
near-term are the of include expectations These our completed reductions an our including sales capital reduce this We sales over with term noncritical burn. features. quarter reduction measures in new reduction of longer-than-anticipated the enterprise backdrop, in we for hires in measures and and in of operating expenditures. and XXXX, light challenges, to structure savings growth to force cash seeing In a implemented near a fourth we disclosed, as better previously ongoing elongated adoption software cycle align cost cost discretionary
Additionally, as we a of other by alternatives, with advisers steps checks and and discussed Based portion a including, is light asset, conducted of discussion as well sale feedback of company sell strategic strategic the certain the combination, company's material our or considering the material maximize and advisers last a the pressures, and macroeconomic business limitation, assets. working actively portion quarter, we assets on continued of purchasers company's market have industry in to as merger, a from liquidation potential shareholder taking to been preliminary value. with of transactions without
In not the or course purchasers these of interest have software in acquiring both. business the potential but the either preliminary company's an indicated discussions, manufacturing business,
yet potential alternatives and assets, any these software has processes discussions to respect with with and we provide transaction. strategic software acquirers. evaluate manufacturing in no company definitive a both regard that will manufacturing to to businesses, or including agreement of the can not signed either assurances The any ongoing with result the continue We
However, we will provide updates as appropriate.
disciplined we our plan. to execute best exploring While operating maximize we we value, are remain what as shareholder and prudent will is
our to team, stakeholders our all their the support. entire ongoing would our of Shapeways for like customers, investors I thank and
results discuss now financial our Alberto more detail. will in
