Welcome to Printing Cash Episode 33!
Troy Jensen (Managing Director, Cantor Fitzgerald) returns in becoming a member of Danny to assist our viewers analyze the Q2 2025 earnings season.
Danny and Troy parse the financials and supply impactful evaluation of earnings reviews from DDD, SSYS, MTLS, NNDM, and Nikon SLM Options (Nikon: 7731.JP), steering from EOS and Formlabs, and much more.
Danny opens the episode noting some current notable non-public financings and Troy picks up on that noting current uplift in public 3DP/AM corporations’ pricing. Regardless of that uplift, one theme of this episode is the far more healthy multiples that Chinese language 3DP/AM corporations get pleasure from of their market. Different themes embrace the Nano Dimension unwind and hypothesis on a touchdown place for Markforged, and reshoring and aerospace/protection as drivers for the 3DP/AM business,
We’re reviewing Q2 2025 reporting, but we’re already in This fall — possibly President Trump would possibly truly mood the quarterly reporting hamster wheel. Maybe whereas the President is at it, he might additionally mandate extra punctual reporting so we are able to actually keep present right here on the Printing Cash pod.
Jokes and lightweight tone apart, we encourage you to hearken to this and all Printing Cash episodes for knowledgeable and incisive protection of the 3DP/AM markets.
Please get pleasure from Episode 33 and take a look at our earlier episodes too.
This episode was recorded October 16, 2025.
Timestamps:
00:12 – Welcome to Episode 33 and welcome again to Troy Jensen
00:30 – Notable non-public financings since Troy final joined Printing Cash in July (Divergent $290M, Caracol $40M)
01:07 – The general public AM markets since July, and already 2026
02:48 – 3D Techniques (DDD) Q2 2025 earnings evaluation and the Align (ALGN) story
06:01 – Truthful market worth? DDD inventory worth has improved since July
08:41 – Stratasys (SSYS) Q2 2025 earnings evaluation; worthwhile, with decrease steering
11:24 – A story of two multiples; Publicly traded Chinese language 3D printing corporations vs US counterparts
11:54 – Formlabs firm evaluation; not publicly traded however progress value monitoring
13:08 – Nikon SLM Options replace; progress and profitability?
14:05 – EOS replace; metals progress, polymers extra stagnant
15:11 – Steel AM providers shortage in Europe; no less than 3T will reside on at SBO
16:34 – Extra on multiples: Farsoon and BLT with “wholesome” multiples
19:11 – Nano Dimension (NNDM) replace; change of CEO, once more; activist buyers are in cost now
22:55 – Hypothesis solely: Might Nano Dimension find yourself in Stratasys’ fingers?
24:27 – Materialise (MTLS) Q2 2025 earnings evaluation
26:50 – European progress in aerospace & protection bodes nicely for AM
27:27 – Waiting for a Q3 evaluation fairly quickly, and expectations for This fall
28:32 – See you in a number of weeks at Formnext 2025 in Frankfurt
28:46 – Thanks once more to Troy, and thanks for listening!
Disclaimer:
This content material is for informational functions solely, you shouldn’t construe any such info or different materials as authorized, tax, funding, monetary, or different recommendation. Nothing acknowledged on this podcast constitutes a solicitation, advice, endorsement, or supply by the hosts, the organizer or any third-party service supplier to purchase or promote any securities or different monetary devices on this or in every other jurisdiction wherein such solicitation or supply can be illegal below the securities legal guidelines of such jurisdiction. The data on this podcast is of a normal nature that doesn’t handle the circumstances and threat profile of any particular person or entity and mustn’t represent skilled and/or monetary recommendation. Referenced transactions are sourced from publicly obtainable info.
Danny Piper is a registered consultant of Finalis Securities LLC, member FINRA/SIPC. This materials has been ready for info and academic functions solely, and it isn’t supposed to offer, nor ought to or not it’s relied on for tax, authorized, or funding recommendation. Buyers ought to seek the advice of with their very own tax, authorized, and monetary professionals earlier than investing. Actual property investments are typically extremely dangerous. They are often risky, unpredictable, illiquid, and are topic to ebbs and flows and market shifts. Buyers additionally threat the lack of all principal investments.
Podcast (printing-money): Play in new window | Obtain
Subscribe: Apple Podcasts | Spotify |
Subscribe to Our E mail E-newsletter
Keep up-to-date on all the most recent information from the 3D printing business and obtain info and affords from third get together distributors.
