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An online factory that instantly quotes and makes custom plastic and metal parts for engineers, like a fast-food drive-thru for prototypes and short-run production.
Sells manufacturing services per order, with gross margins around 45% but thin net margins near 5%, so volume and efficiency matter more than recurring revenue.
Its automated quoting and broad process range (injection molding, CNC, 3D printing) create switching costs for engineers, but Xometry and Fictiv offer similar digital manufacturing, and 3D printing commoditization erodes pricing power.
