Printing Money

Welcome to Printing Money Episode 39, (or, “The one where they all went to market”).   It’s that quarterly time, so Troy Jensen (Managing Director, Cantor Fitzgerald ) joins Danny for a review and analysis of the Q1 2026 public 3DP/AM company earnings. Episode 39 opens with a nod to the recent spate of positive financings and M&A outcomes for 3DP/AM companies. Danny and Troy review the reasons...

Welcome to Printing Money Episode 38. Rajeev Kulkarni returns for this episode, and we find it hard to believe it’s been nearly two years since his first appearance .   In the interim, one of Rajeev’s three focus-companies ( Ackuretta ) was acquired in a positive outcome and the other two ( Axtra3D and Caracol ) have experienced significant growth and fundraising. Episode 38 begins with a look at...

Welcome to Printing Money Episode 37. Troy Jensen (Managing Director, Cantor Fitzgerald ) returns for his quarterly analysis of the public company earnings reports, specifically Q4 2025. Nowadays, in terms of significant publicly traded 3DP/AM pure plays, that’s not so many, so Troy fine-tunes his approach in including public- related coverage of the privates. Episode 37 starts off with a summary...

Welcome to Printing Money Episode 36!   For this episode Danny is joined by a new guest, John Barnes (Founder and President, The Barnes Global Advisors , Founder and CEO, Metal Powder Works (MPW.ASX). From career foundations in industrial development John has built both an AM consultancy and a metal AM powders company. We are thankful to have his perspective here. This episode starts with a look a...

Welcome to Printing Money Episode 35 and let us be the last to wish you a happy new year. For this episode Danny is joined by Arno Held (Managing Partner, AM Ventures ) and Alex Kingsbury (Market Development Manager, nLIGHT ), both certified Printing Money OG’s. Coming off back-to-back “Troy Jensen” episodes focused on public company earnings reports, there was a lot of 3DP/AM transaction news to...

Welcome to Printing Money Episode 34, or “The one where they got back ahead of the curve.”   Troy Jensen (Managing Director, Cantor Fitzgerald ) returns for back-to-back appearances in the name of delivering to you, the listener, analysis as timely as possible. Herein, Danny and Troy review Q3 2025 3DP/AM public market earnings, but this episode was recorded just a week after Formnext 2025 ,...

Welcome to Printing Money Episode 33! Troy Jensen (Managing Director, Cantor Fitzgerald ) returns in joining Danny to help our audience analyze the Q2 2025 earnings season. Danny and Troy parse the financials and offer impactful analysis of earnings reports from DDD, SSYS, MTLS, NNDM, and Nikon SLM Solutions (Nikon: 7731.JP), guidance from EOS and Formlabs , and a lot more. Danny opens the episode...

Welcome to Printing Money Episode 32! Also known as “The one with the 61x Multiple.” Danny’s guest for this episode is Tali Rosman ( RHH Advisory ). Tali last joined as a guest back in January and has been busy advising startups and brokering transactions since. So first, Danny and Tali discuss Tali’s recent experiences in dealmaking and at events such as FABTECH . They consider the China factor a...

Printing Money Episode 31 is here! Danny’s guest for this episode is Fabian Alefeld (Director Business Development & Academy, Global Additive Minds | EOS North America, and Podcast Host, Additive Snack).  Fabian’s title is a mouthful, but his efficiency in 3DP/AM industry analysis is impressive. Fabian and Danny are efficient, but a lot of deals have accrued for discussion, so this episod...

Printing Money is back with Episode 30, and it’s that quarterly time, so we are happy and thankful to welcome back Troy Jensen (Managing Director, Cantor Fitzgerald ) to review the Q1 2025 3DP/AM public market earnings. Public market valuations are based on forward looking earnings, but the reporting calendar means we recorded this “Q1 2025” episode on the very last day of Q2.   That is to say, we...

Printing Money is back with Episode 29. Alex Kingsbury (Product Line Manager – AM, nLIGHT ) is back. Need we say more to convince you to listen? Either way, we’ll say a little more. Episode 29 marks the first recording where Danny and Alex were in the same room. No promises, but maybe we’ll add a video element one of these days. Themes from this episode include metal powders transactions, Los Ange...

Welcome to Episode 28 of Printing Money .  For this one Danny is joined by our own, Joris Peels (Executive Editor, 3DPrint.com). This crossover-pod is indeed quite meta-level but it’s not entirely new – some months ago Danny appeared on Joris’ own podcast, the 3DPOD .  We encourage you to listen to that episode as well. Episode 28 begins with an introduction to Joris, and a look at his nearly two...

Q2 2025 has already begun, but public markets reporting has only just finished with Q4 2024. To tie a bow on Q4 2024, we are thankful to have Troy Jensen (Managing Director, Cantor Fitzgerald ) return and join Danny Piper (Managing Partner, NewCap Partners ) for Printing Money Episode 27. Danny and Troy kick off this episode discussing themes they’ve noticed in public and private additive manufact...

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...

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...

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 s...

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-pr...

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 a...

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 rev...

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 t...

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 z...

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 2 nd 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 Pr...

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...

The Q4 earnings season is a wrap, and to put a bow on it here is Episode 16 of Printing Money , with Troy Jensen ( Cantor Fitzgerald ) returning to join Danny and review the quarter and year that was. Danny and Troy discuss the expectations they had for Q4 based in part on their impressions of the various additive manufacturing (AM) CEOs that attended February’s AMS New York City conference .  The...

Printing Money returns with Episode 15! This month, NewCap Partners ‘ Danny Piper is joined by Scott Dunham, Executive Vice President of Research at Additive Manufacturing (AM) Research , and Matthias Schmidt-Lehr, Executive Partner at AMPOWER .   Last month , we zoomed out with The Association for Manufacturing Technology’s Chris Chidzik and examined the broader manufacturing market. This m...