Welcome to Printing Money Episode 26!  For this episode, Danny is joined by Dayton Horvath, Director of Emerging Technology at AMT (and Printing Money alum!).

Danny and Dayton had some quality time to plan this episode, having both just been at Additive Manufacturing Strategies a couple weeks ago.  And the planning was needed, because there have been a lot of noteworthy deals not just in the last month, but also some in Q4 which we hadn’t had time to cover.

Danny and Dayton start off by reviewing AMS 2025.  Speeches by Stratasys CEO Yoav Zeif, AM Research’s Scott Dunham, and The Barnes Global Advisors’ John Barnes are all referenced as the additive manufacturing (AM) “industry” struggles to establish its value and confronts its status as a standalone (or not?) technology.

Next, drawing upon AMT data, Dayton takes us through the 2024 year that was in 3D printing M&A and investment (Hint… not a great year!).   Danny and Dayton also highlight some of the most notable 2024 deals.

Then Danny and Dayton jump into Printing Money’s bread and butter, analyzing recent deals across the 3D printing landscape.  Some themes include software companies buying simulation companies, a continuing focus on AM for military and defense, and AUKUS, more specifically Australia.

Please enjoy Episode 26, and check out our prior episodes.

This episode was recorded February 18, 2025.

Timestamps:

00:14 – Welcome Dayton Horvath (AMT) to Episode 26

00:33 – Additive Manufacturing Strategies 2025 review

01:22 – Specialization vs generalization for AM solutions

02:26 – AM fits in the manufacturing ecosystem, not on an island

02:56 – John Barnes: “Stop calling it ‘postprocessing’ — it’s just ‘processing’

a04:30 – A continuing focus on defense for AM

05:20 – The focus on defense zoomed in even more the following week at MILAM

06:10 – 2024 3DP/AM investments, through the lens of AMT: A big drop!

08:32 – 2024 3DP/AM M&A, through the lens of AMT: A consistent number of deals, but how good were they?

10:33 – Notable M&A in 2024: ADDMAN and KAM

10:58 – Software buys simulation, Part 1: Synopsys (SNPS) and Ansys (ANSS)

11:25 – Status of the Nano Dimension (NNDM) acquisitions of Desktop Metal (DM) and Markforged (MKFG). Shareholder letter issued in January.

12:06 – Software buys simulation, Part 2: Siemens (SIEGY) to acquire Altair (ALTR)

14:30 – 3D Systems (DDD) sells Geomagics to Hexagon (HXGBY)

16:40 – Shapeways acquires Thangs

17:32 – BICO (CLLKF) continues to divest, sells Nanoscribe to LAB14 for EUR 26M

20:11 – KTI-G (KTG.ASX) set to acquire and rebrand to Metal Powder Works

25:25 – GoEngineer acquires CAD MicroSolutions

27:18 – American Axel Manufacturing (AXL) acquiring GKN Metallurgy and GKN Automotive

31:50 – Stratasys (SSYS) to receive $120M investment from Fortissimo Partners

34:58 – Backflip raises $30M for text to 3D print software

37:12 – Axial3D raises $18M for AI-driven medical 3DP software

41:00 – Amaero receives $23.5M loan from US Import-Export Bank, and AUD $22M Private Placement

44:22 – AML3D (AL3.ASX) receives AUD $30M financing

45:44 – Firehawk Aerospace raises $60M from Donald Trump, Jr. (sort of…)

49:10 – Aspect Biosystems raises $115B Series B for bioprinting

49:56 – Sintavia receives $10M debt financing from Stifel North America and ASTRO America

52:53 – Mighty Buildings seeks an exit

53:24 – Toyota invests $44M in Interstellar

53:35 – AscendArc raises $4M

53:47 – Eric Schmidt invests in Relativity Space

54:45 – Thanks again to Dayton Horvath

55:21 – Disclaimer

Disclaimer:

This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.  The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or financial advice. Referenced transactions are sourced from publicly available information.

Danny Piper is a registered representative of Finalis Securities LLC, member FINRA/SIPC. This material has been prepared for information and educational purposes only, and it is not intended to provide, nor should it be relied on for tax, legal, or investment advice. Investors should consult with their own tax, legal, and financial professionals before investing. Real estate investments are generally highly risky. They can be volatile, unpredictable, illiquid, and are subject to ebbs and flows and market shifts. Investors also risk the loss of all principal investments.

Welcome to 2025, and welcome to Printing Money Episode 25!  For this episode Danny welcomes back a couple of previous guests: Arno Held (AM Ventures) and startup advisor Tali Rosman.

It’s a new year so, naturally, this episode has its share of reflecting on the 2024 that was and the 2025 (and beyond) that will be. Danny, Arno, and Tali start off by harkening back one last time to Formnext – what is traditionally the end of the 3D printing year turned out only to be a prelude to a whole lot of industry-shifting news in December.

So yes, Danny, Arno and Tali discuss Shapeways’ rebirth, Forward AM’s insolvency, Velo’s restructuring, voxeljet’s go-private. And this is all really interesting, but it’s only the appetizer.

Next, Episode 25 wades into the deep end, analyzing and opining on the goings-on with Nano Dimension. Will the acquisitions of Desktop Metal and Markforged happen? Will the shareholder activists force the company to unwind? And what’s this about tin foil hats and Russian oligarchs?

After the Nano Dimension discussion, Episode 25 moves on to review some of 2024’s venture capital raises, including a few recent ones.  Then, Danny, Arno and Tali consider the current artificial intelligence (AI) revolution and how it might dovetail with what’s to come for additive manufacturing (AM) this year and further into the future.

Please enjoy Episode 25, and please join Danny, Arno, Tali, and your other favorite Printing Money personalities at AM Strategies next month, Feb 4-6 in New York City.

This episode was recorded January 8, 2025.

Timestamps:

00:14 – Welcome to Episode 25

00:31 – Welcome back to Arno Held (AM Ventures) and Tali Rosman

01:21 – Reflections on Formnext and summing up 2024

03:48 – BASF Forward AM insolvency filing

05:11 – So much happened after Formnext!

07:38 – Shapeways reborn

09:14 – Velo3D (VLDX) restructured

11:31 – Voxeljet acquired by its investor, Anzu Partners

12:10 – Whither Nano Dimension (NNDM), Desktop Metal (DM), and Markforged (MKFG)?

13:11 – A pile of cash, shareholder activism, lawsuits…

15:01 – russianoligarchs.com (That’s not a typo!)

17:32 – The Oerlikon (OERLY) connection

21:45 – What should/could Nano Dimension do?

26:35 – Siemens to acquire Altair, 3D Systems selling Geomagic to Hexagon

28:23 – Buyers’ market: VC into AM has dropped 80% in twenty-four months

30:33 – Broad themes for 2025: M&A is coming back, Reshoring is now, Materials in focus

35:10 – Fabri raises $5M for investment casting

36:33 – Industrializing AM technology: Conflux raises $11M Series B

38:23 – AM Ventures and HZG Group co-invest on Spectroplast

39:43 – HZG invests in Craftcloud/All3DP

40:31 – AI in the 3D printing industry

41:46 – 1000 Kelvin and Euler deploy AI to 3DP/AM

45:27 – The next wave for 3DP/AM has already gotten started

47:02 – Come meet us at AMS (Feb 4-6 in NYC)!

47:43 – Thanks to Arno and Tali!

Disclaimer:

This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.  The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or financial advice. Referenced transactions are sourced from publicly available information.

Welcome to Printing Money Episode 24. Troy Jensen, Managing Director of Cantor Fitzgerald, joins Danny Piper, Managing Partner at NewCap Partners, once again as it is time to review the Q3 2024 earnings in the additive manufacturing (AM) industry. Give us 36 minutes and we’ll give you the 3D printing world!

Danny and Troy discuss all of the public company earnings reports, of course. Thanks to some data from AM Research, Danny and Troy also provide commentary on sales and traction from some of the more difficult companies (privately owned, or non-reporting parts of larger public companies) to track.

First Danny and Troy layout the macro picture through which to view the Q3 numbers.  Next, they discuss takeaways from Formnext 2024.  Then they jump in and run through the financial performance of all the significant 3D printing manufacturers.  Along the way they sprinkle in relevant discussion of components and peripherals such as lasers and powder companies.

You can be sure that Printing Money Episode 24 also includes the latest analysis on the consolidating landscape (ie; NNDM buying DM and MKFG) and the biggest hot button issues (ie; Chinese 3D printing vs the West).

Please enjoy Episode 24.

This episode was recorded December 2, 2024.

Timestamps:

00:24 – Welcome to Episode 24, and welcome to Troy Jensen (Cantor Fitzgerald)

01:14 – Bigger picture: Q3 was full of geopolitics, let alone a US presidential election

02:05 – The tenor at Formnext 2024

03:32 – Evidence of a bottom; the Q3 2024 numbers for the 3DP/AM industry

04:38 – Rotation time?  Large cap tech has outperformed for a couple years

06:03 – Nikon SLM Solutions Q3 2024, in light of AM Research data

07:19 – BLT and Farsoon take flight with Airbus

10:43 – EOS Q3 2024, considering AM Research data

11:41 – nLIGHT (LASR) beaming into the laser metal AM markets

13:17 – Velo3D (VLDX) to the pink sheets, and the SpaceX deal

15:54 – Stratasys (SSYS) Q3 2024

20:05 – 3D Systems (DDD) Q3 2024

21:00 – Relationship status for 3D Systems and Align (ALGN)

23:41 – Nano Dimension (NNDM) Q3 2024

24:17 – Shareholder activism at NNDM

24:45 – Desktop Metal (DM) Q3 2024

25:37 – Markforged (MKFG) Q3 2024

26:25 – Financials and outlook for NNDM, DM and MKFG combined

30:10 – Materialise (MTLS) Q3 2024

34:06 – Voxeldance booth shut-down by German authorities at Formnext 2024

35:22 – IperionX (IPX) and Carpenter (CRS): Metal powder companies doing well in the stock market

36:36 – Thanks again to Troy, and thanks everybody for listening!

Disclaimer:

This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.  The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or financial advice. Referenced transactions are sourced from publicly available information.

Episode 23 is here, and it’s chock-full. Alex Kingsbury, nLIGHT Market Development Manager and, not to mention, co-creator of the Printing Money podcast, re-joins Danny and the result is 60 minutes of additive manufacturing (AM) deals and analysis.

First, we jump right in to cover Nano Dimension’s in-progress deals with Desktop Metal and Markforged. Then, we cover services bureaus, major public-private funding news, and a lot of venture capital (VC) raises and financings. Last, we touch on the recent news of the postponement of Formnext Chicago.

Here are just a few companies that get mentioned in this episode: Incodema, I3D, KAM, ADDMAN, Sintavia, Stifel North Atlantic, ASTRO America, Summers Value Partners, Stellantis, In-Q-Tel, Embedded Ventures, SpaceX, nTop, Seurat, NVIDIA, AE Ventures, HorizonX, Nimble Partners, AM Ventures, Breakthrough Victoria, Finindus, Sumitomo, and more.

Please enjoy Episode 23, and see you later this month at Formnext in Frankfurt, or, as Danny so well puts it, “The Super Bowl of 3D printing.”

This episode was recorded October 29, 2024.

00:14 – Welcome to Episode 23, and welcome to Alex Kingsbury

01:37 – We have a lot to cover!

02:03 –AMS was a telling preview of 2024

02:53 – Nano Dimension (NNDM) acquiring Desktop Metal (DM)

05:21 – NNDM-DM last steps before closing in Q4 2024

08:04 – Nano Dimension (NNDM) acquiring Markforged (MKFG)

10:25 – An enormous amount of efficiencies

12:09 – How will NNDM, DM, and MKFG integrate?

14:19 – Markforged settles litigation from Continuous Composites

15:41 – ADDMAN acquires KAM

19:18 – AM service bureau markets: All boats are floating in the US, and all boats are sinking in Europe (Or, “Europe makes the printers, The USA prints the parts”)

20:02 – Sandvik divesting investment in BEAMIT

20:26 – Proto Labs closing metal LPBF facility in Germany

23:36 – AM Forward fund is approved by SBIC

26:26 – Restor3d closes $70m financing ($55M equity, $15M debt)

27:56 – 6K $82M Series E round

31:17 – Chromatic3D closes $6M round

32:55 – Freeform raises $14M

35:15 – NVIDIA backs 3D printing!

38:11 – nTop receives investment from NVIDIA

40:34 – AM Ventures’ portfolio companies get a boost

40:53 – Conflux raises $11M Series B for heat exchangers

43:58 – Fortius Metals raises $2M from Finindus

45:15 – Sun Metalon raises $21M Series A led by Sumitomo

47:49 – UpNano raises EUR 7M

48:33 – NematX raises EUR 1.5M

50:33 – Mosaic Manufacturing raises CAD 28M

52:01 – Formnext Chicago is postponed

56:55 – See you at Formnext Frankfurt in a few weeks!

Disclaimer:

This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.  The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or financial advice. Referenced transactions are sourced from publicly available information.

Episode 22 of Printing Money comes with a twist: this episode is from a live recording on the Formnext stage at IMTS on September 9, 2024.  We were lucky enough to have Danny joined by Dave Burns (Senior Advisor, AMT) for an executive perspective on the additive manufacturing (AM) markets, replete with decades of first-hand experience, first as CEO of Gleason Corporation and then as a co-founder and President of ExOne (now part of Desktop Metal).

First we talk through Dave’s career, with a focus on the founding of ExOne in 2005 through its IPO in 2013. Then we view the current state of the 3D printing industry, discussing market capitalizations, transaction values, and investing for the long game. This is followed by a look ahead at the drivers to propel the AM industry into maturity, with a focus on applications. Last, we have the heretofore unique chance to field questions from our live audience.

Please forgive us any audio imperfections. Considering this was recorded live using an iPhone and amid a crowd of 100,000+ IMTS attendees, we are proud of it, and thankful to have such a great podcast producer (thank you, Jake!).

So, please enjoy Episode 22, stay tuned for coming episodes, and browse our recent discussions while you wait for the next ones.

00:15 – Welcome to Printing Money Live at IMTS!

00:37 – Introducing Dave Burns (AMT)

01:26 – Dave Burns’ career in manufacturing technology

03:32 – AM and traditional manufacturing are co-dependent

04:14 – From 3D printing start-up to IPO: Dave’s experience at ExOne

08:00 – Market Caps in the context of historical 3DP/AM deals

08:56 – Patient Money: 3DEO receives $3.5M investment from Mizuho

12:09 – Existential De-risking: Key drivers for a long-term AM strategy

16:20 – What does the maturity of the 3D printing industry look like?

18:33 – A different mindset: Application specific printers to compete with larger all-purpose machines?

22:21 – Audience Q&A: More on the value of application specific 3D printing

24:58 – Audience Q&A: Are we solving the same problem?

27:17 – Audience Q&A: Reshoring via government funding as a path to 3DP/AM industry maturity?

29:51 – Wrap-up and thank you

This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.  The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or financial advice. Referenced transactions are sourced from publicly available information.

Like sands through the hourglass, so is the Q2 2024 earnings season.  All of the publicly traded 3D printing companies have reported their financials, so it is time to welcome back Cantor Fitzgerald Managing Director Troy Jensen to discuss and analyze the numbers.

Problematic balance sheets and challenging operating environments serve as a backdrop for some negative themes including strategic reviews, slashed operating expenses, and dwindling market capitalizations. But it’s not all gloom and doom. Nikon SLM Solutions continues to experience growth, and some services and software providers performed well enough too.  And through it all, the additive manufacturing (AM) industry is still growing, so Danny and Troy point to some of the private companies where growth seems apparent. AM Research has more than a decade of historical data on private and public 3D printing companies alike and can certainly back up Danny and Troy’s thoughts on the privates.

Please enjoy Episode 21, and, if you are at IMTS this week, come find Danny, and Troy, and the 3DPrint.com and AM Research teams, all of which will be presenting on either the Formnext Stage or at the Investor Forum.

00:21 – Welcome back, Troy Jensen (Cantor Fitzgerald)

00:50 – See us live at IMTS!

01:32 – Q2 2024 earnings themes

02:20 – 3D Systems (DDD) Q2 2024 (and Q1 2024) earnings

04:55 – Cost cutting at 3D Systems, and some nice new industrial sales, but a dwindling valuation

08:06 – Stratasys (SSYS) Q2 2024 earnings

09:43 – Stratasys sues Bambu Labs

12:01 – Stratasys’ strategic review

14:28 – Inkbit, AM Craft, and Stratasys’ strategy

15:57 – Speculation: Let Nano Dimension (NNDM) acquire Desktop Metal (DM), and then merge with Nano Dimension?

17:16 – Desktop Metal (DM) Q2 2024 earnings

21:32 – Markforged (MKFG) Q2 2024 earnings

23:00 – Speculation: Should Markforged tie-up with Continuous Composites?

25:25 – Impossible Objects impresses at RAPID

26:15 – Velo3D (VLD) Q2 2024 earnings

26:42 – Nikon SLM Solutions Q2 growth

27:33 – ADDMAN to acquire KAM

28:27 – Speculation: This is the quarter that we find out what happens to Velo3D

30:24 – Reshoring: Nikon SLM rebrands Morf3D into Nikon AM Synergy

31:36 – Formlabs launches Form 4

32:42 – Materialise (MTLS) Q2 2024 earnings

33:58 – Materialise acquires FEops

36:21 – Proto Labs (PRLB) Q2 2024 earnings

36:58 – Xometry (XMTR) Q2 2024 earnings

37:43 – IMTS Investor Forum

38:28 – Shapeways’ Netherlands unit gets a bid

39:00 – Q3 2024 earnings preview and episode wrap-up

This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.  The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or financial advice. Referenced transactions are sourced from publicly available information.

Another month, another episode of Printing Money. For Episode 20, Danny is joined by Rajeev Kulkarni. Rajeev worked at 3D Systems for more than twenty-five years, the last number of which saw him at the forefront of a plethora of asset sales and acquisitions. Now, Rajeev is on his own and works with three 3D printing startups: Axtra3D, Caracol, and Ackuretta.  We are thankful to have Rajeev for this episode and we are sure you the listener will appreciate it too.

The previous episode featured Cantor’s Troy Jensen and therefore centered on quarterly earnings reports. The episode prior to that, we had Mark Burnham from the Additive Manufacturing Coalition to discuss their DC fly-in.  So, it’s been some time since we’ve focused on deals and market activity, and this episode had plenty to cover.

In Episode 20 of Printing Money Danny and Rajeev discuss: Nano Dimension’s (NNDM) announced acquisition of Desktop Metal (DM) BASF’s spin out of Forward AM,  Formlabs buying a company mid-Kickstarter campaign, VC raises including  Mantle, Rapid Liquid Print, and Inkbit, financial doings from Divergent, the death of Shapeways, and plenty more. Please enjoy Episode 20!

00:22 – Welcome to our guest, Rajeev Kulkarni

01:15 – Rajeev’s career history: From 25 years at 3D Systems

03:55 – A company of many platforms

06:40 – M&A at 3D Systems

09:02 – Is consolidation the answer?

12:56 – The composites industry as analog for the 3DP/AM industry

16:03 – Scalability, market penetration, and (ensuing) profitability

18:43 – Nano Dimension (NNDM) to acquire Desktop Metal (DM)

25:48 – More consolidation shoes to drop?  Or collaboration? Or closure?

28:27 – Twenty-seven 3D printing startups in eight countries

31:54 – BASF spins out Forward AM

37:07 – Formlabs acquires Micronics mid-Kickstarter campaign

39:07 – Sinterit raises $1.85M bridge round

40:00 – Tech Soft 3D acquires Actify

41:45 – NSL Analytical acquired by PE firm Levine Leichtman

41:58 – Indurate Alloys acquired by Wall Colmonoy

42:22 – Materialise acquires FEops

43:42 – Mantle raises $20M Series C

45:59 – Inkbit raises $19M round including strategic Ingersoll Rand

48:14 – Rapid Liquid Print raises $7M led by HZG and BMW Ventures

49:30 – Quantica raises EUR 20M

50:57 – Scrona raises $5M round

52:13 – Divergent3D receives $47M term loan from Bridge Bank

54:32 – Stratasys invests in AM Craft

56:42 – Solideon raises $5M

57:22 – Craft Health raises $1M bridge round

57:42 – Sanofi invests in CTIBiotech

57:55 – RIP Shapeways

1:01:22 – AM Research publishes Q1 2024 3DP/AM market data; 8% year over year growth

1:03:01 – Thank you to Rajeev, and closing remarks

Disclaimer:

This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing stated on this podcast constitutes a solicitation, recommendation, endorsement, or offer by the hosts, the organizer or any third-party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.  The information on this podcast is of a general nature that does not address the circumstances and risk profile of any individual or entity and should not constitute professional and/or financial advice. Referenced transactions are sourced from publicly available information.

We are back with Episode 19 of Printing Money.  The world does not stop turning. One not-so-profound reminder of that is the quarterly earnings reports of publicly traded companies.  It never ends, and we are always there to cover this aspect of the 3D printing world.

Last episode, we zoomed out to talk about policies which shape the additive manufacturing (AM) industry. For Episode 19  we are zooming back in, welcoming back Wall Street analyst Troy Jensen (Cantor Fitzgerald) and looking at the Q1 2024 earnings reports of the variously publicly traded 3D printing companies.  Unfortunately, there were a few negative themes including reverse stock splits, missed earnings reports, and negative enterprise values.  But we also touch on positive trends for some with increasing gross margins, materials consumption, and healthy cash positions.

Please enjoy Episode 19 and stay tuned for future shows. See you at RAPID!

00:13 – Hello, and welcome back, Troy Jensen.

00:43 – Getting ready for RAPID 2024

01:42 – Q1 2024 AM Public Company Earnings

01:50 – 3D Systems (NYSE: DDD), the earnings results that weren’t (or, haven’t been)

02:28 – 3D Systems makes a big deal with Align Technologies (ALGN)

08:18 – Stratasys (SSYS) Q1 2024 earnings

10:17 – Speculation (speculation only!) about a tie-up between Stratasys and HP (HPQ)

14:07 – Desktop Metal (DM) Q1 2024 earnings

16:41 – Desktop Metal reverse stock split

18:09 – Markforged (MKFG) Q1 2024 earnings

18:50 – Markforged loses $17M judgement on claim by Continuous Composites

22:03 – Nano Dimension (NNDM) Q1 2024 earnings

25:17 – Velo3D (VLD) Q1 2024 earnings

28:10 – Nikon (TSE: 7731) SLM Solutions and the growth in metal laser sintering

29:17 – voxeljet (VX8B: FRA) Q1 2024 earnings, and delisting from the US exchanges

30:07 – Materialise (MTLS) Q1 2024 earnings

32:35 – Shapeways (SHPW), the other earnings results that haven’t been

32:33 – Xometry (XMTR) Q1 2024 earnings

36:06 – Proto Labs (PRLB) Q1 2024 earnings

37:00 – Conclusions and looking forward to the rest of 2024

It’s only been a week since the previous show, but Printing Money is back already with Episode 18. Certain events call for Printing Money’s coverage, and the recent 2nd Annual DC Fly-In from the Additive Manufacturing Coalition (AddMfgCoalition) is one of those. Initiatives such as the Fly-In help to shape the government funding and policies that often lead to facilitating the very deals that Printing Money is famous for analyzing.

For Episode 18, Danny is joined by Mark Burnham, Director of Policy for the AddMfgCoalition. Danny and Mark discuss the genesis of the AddMfgCoalition, its mission, and the efforts the coalition is making on behalf of the 3D printing industry. We hear about who attended the Fly-In earlier this month, the format of the Fly-In, and a number of the topics that were covered as additive manufacturing representatives met with members of Congress and their staff, and even representatives from the White House.

The event featured seventy meetings on Capitol Hill concerning R&D Tax Credits, the national defense industrial strategy, medical policy, the Council on Supply Chain Resilience, and much more.  All in the name of additive manufacturing.  All in just two and half days.

Please enjoy this episode and stay tuned in coming months for our next episodes analyzing all the deals fit for coverage as well as the Q1 2024 public company earnings reports.

Timestamps:

00:15 – Welcome to Mark Burnham

01:01 – What is the Additive Manufacturing Coalition?

03:12 – Mark’s career path leading to AddMfgCoalition

07:03 – Who attended the 2nd AddMfgCoalition Fly-In?

09:52 – North America is the #1 place to integrate AM technologies, but not always the #1 place to develop AM technologies

12:15 – The Fly-In Agenda; 6 Teams, 70 meetings, 2.5 Days

16:00 – R&D Tax Credits

20:36 – The National Defense Industrial Strategy

25:54 – All-in on advanced manufacturing

27:22 – A gap in the market; who will fund advanced manufacturing innovation?

31:51 – The US government as a customer

34:16 – Discussions at the Fly-In around Medical

39:03 – Providing congress with the tools to ask the right questions

40:36 – Supply chains and 3D printing

43:57 – Different colors of money; the funding dilemma

44:32 – What’s next for AddMfgCoalition?

46:56 – Concluding remarks

Printing Money is back with Episode 17!  Our host, NewCap Partners‘ Danny Piper, is joined by Alex Kingsbury for this episode, so you can prepare yourself for smart coverage laced with witty banter. Alex and Danny discuss reseller market consolidation, muse and lament about recent venture capital (VC)-funded outcomes, and talk strategic divestments. Because the last couple of episodes were focused on public company earnings and market data, there were a lot of VC and investment deals to discuss on this episode!  See the timestamps below for all of the companies we cover, and please enjoy Episode 17.

00:15 – Welcome to our guest, Alex Kingsbury

00:45 – LPBF trends from Alex’s perspective

02:11 – Designers in Europe, Users in North America

04:24 – Sandvik acquires CIMQUEST

07:57 – MatterHackers acquires Source Graphics ; consolidates Formlabs market share

09 :30 – Holo acquired by Green Group Industries (a Tinicum company)

11:15 – Sintratec files for bankruptcy

11:27 – Unintended outcomes in venture funded companies

14:29 – A different breed of founders, a different breed of investors

15:20 – Prodways sells Solidscape wax printer division to unnamed investor

17:08 – Magnus Metals raises $74M Series B for digital casting

20:10 – More on casting: Foundry Lab, Skuld, Eagle Engineered Solutions (Beehive), et al.

22:29 – From running shoes to aerospace parts: Arris Composites raises $34M led by Bosch Ventures and Zebra Ventures

26:03 – Equispheres closes $39.9M Series B plus $17M nondilutive grants

29:03 – Velo3D (VLD) raises $12M on secondary offering

29:59 – AML3D raises A$3.9M (US $2.6M) for Ohio expansion

30:50 – Supporting the defense industrial base: BlueForge Alliance, ASTRO America, et al.

33:45 – Sodick invests in Prima Additive

35:12 – Firestorm Labs raises $12.5M to automate drone production including from Lockheed Ventures

37:21 – Q5D raises $3.5M from Lockheed and others for automated wire harness manufacturing

39:06 – Fluent Metal raises $5.5M

40:34 – Diagon raises $5.1M for equipment sourcing software (A must listen for Harry Potter fans!)

42:45 – Luminary Cloud raises $115M for CAE (Computer Aided Engineering)

43:56 – Carcinotech raises GBP 4.2M to fight cancer with 3D printed tumor models

44:53 – DR Horton invests in Apis Cor

45:59 – So long for now, but stay tuned for Episode 18 coming soon!