Business ModelThe company's asset-light, marketplace model can service mostly prototyping orders but is unable to support the parts' qualification, transparency, and tracking needed for serial production of end-use parts.
Customer EngagementCustomer cohort analysis shows very high initial interest that quickly declines, reflecting one-off prototyping work.
Financial Performance2Q guidance came in lighter than expected on the top and bottom lines, though management reiterated its full-year guidance for marketplace and supplier services revenue.