Fast Radius, Inc. operates as a cloud manufacturing and digital supply chain company. Its Cloud Manufacturing Platform supports engineers, product developers, and supply chain professionals in various stages of product design and manufacturing, including discover, design, make, and fulfill. It offers a range of manufacturing technologies, including additive manufacturing, computer numerically controlled machining, injection molding, sheet metal, urethane casting, and other manufacturing methods. The company was incorporated in 2017 and is headquartered in Chicago, Illinois.
IPO Year: 2021
Exchange: NASDAQ
Website: https://www.fastradius.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/4/2022 | $4.00 | Buy | Needham |
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SC 13G/A - Fast Radius, Inc. (0001832351) (Subject)
SC 13G/A - Fast Radius, Inc. (0001832351) (Subject)
Needham initiated coverage of Fast Radius with a rating of Buy and set a new price target of $4.00
CHICAGO, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. ("Fast Radius") (NASDAQ:FSRD), a cloud manufacturing and digital supply chain company, reported financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial Summary Revenue increased 49% to $7.3 million in second quarter 2022 compared to $4.9 million in second quarter 2021;Net loss was $22.2 million in second quarter 2022, or $0.29 per diluted share, compared to a net loss of $15.1 million, or $0.36 per diluted share, in second quarter 2021;Adjusted EBITDA loss was $17.3 million in second quarter 2022 compared to a loss of $13.5 million in second quarter 2021; andTotal Bookings were $7 million in
CHICAGO, July 28, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (NASDAQ:FSRD), a cloud manufacturing and digital supply chain company, will hold a conference call on Thursday, August 11 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) to discuss its financial results for the second quarter ended June 30, 2022. Financial results will be issued in a press release prior to the call. Fast Radius management will host the presentation, followed by a question-and-answer period. Conference Call Details:Date: Thursday, August 11, 2022Time: 9:00 a.m. ET / 8:00 a.m. CTWebcast Event: LinkToll-Free Dial-in Number: (800) 715-9871International Dial-in Number: (646) 307-1963Conference ID: 5146031 The c
CHICAGO, May 12, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. ("Fast Radius") (NASDAQ:FSRD), a cloud manufacturing and digital supply chain company, reported financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Summary Revenue increased 65% to $6.3 million in 2022 compared to $3.8 million in first quarter 2021;Total Bookings were $7 million in 2022, an increase of 36% compared to first quarter 2021;Net loss was $44.6 million in 2022, or $0.73 per diluted share, compared to a net loss of $12.8 million, or $0.33 per diluted share, in first quarter 2021; andAdjusted EBITDA loss was $21.2 million in 2022 compared to a loss of $8.2 million in first qua
CHICAGO, May 02, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (NASDAQ:FSRD), a cloud manufacturing company, will hold a conference call on Thursday, May 12 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) to discuss its financial results for the first quarter ended March 31, 2022. Financial results will be issued in a press release prior to the call. Fast Radius management will host the presentation, followed by a question-and-answer period. Conference Call Details:Date: Thursday, May 12, 2022Time: 9:00 a.m. ET / 8:00 a.m. CTWebcast Event: LinkToll-Free Dial-in Number: (888) 708-0727International Dial-in Number: (629) 228-0944Conference ID: 1219409 The conference call and a supplemental
CHICAGO, March 30, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. ("Fast Radius") (NASDAQ:FSRD), a cloud manufacturing and digital supply chain company, reported financial results for the fourth quarter and full year ended December 31, 2021 for Fast Radius Operations, Inc. achieved prior to the completion of the business combination with ECP Environmental Growth Opportunities Corp. ("ECP") in February 2022. Fourth Quarter 2021 Financial Summary Revenue increased 52% to $6.4 million in 2021 compared to $4.2 million in 2020.Net loss was $22.9 million in 2021, or $5.33 per diluted share, compared to a net loss of $5.0 million, or $1.39 per diluted share, in 2020.Adjusted EBITDA loss was $17.5 m
CHICAGO, March 21, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (NASDAQ:FSRD), a cloud manufacturing company, will hold a conference call on Wednesday, March 30 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) to discuss its financial results for the fourth quarter and full year ended December 31, 2021. Financial results will be issued in a press release prior to the call. Fast Radius management will host the presentation, followed by a question-and-answer period. Conference Call Details:Date: Wednesday, March 30, 2022Time: 9:00 a.m. ET / 8:00 a.m. CTWebcast Event: LinkToll-Free Dial-in Number: (888) 708-0727International Dial-in Number: (629) 228-0944Conference ID: 6390456 The conferen
CHICAGO, June 14, 2022 (GLOBE NEWSWIRE) -- Fast Radius (NASDAQ:FSRD), a digital manufacturing and supply chain company, today announced the appointment of Pat McCusker as President and Interim Chief Financial Officer and John Nanry as Chief Operating Officer, effective June 30, 2022. McCusker and Nanry are both co-founders of Fast Radius. Over the past five years, McCusker has been instrumental in Fast Radius' growth, having held leadership roles across commercial execution, financial operations, capital markets engagement, and other functions. McCusker previously served as Interim CFO for Fast Radius from 2017 to August 2021. In this role, he led broad cross-functional teams to prepare f
CHICAGO, March 15, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (NASDAQ:FSRD), a cloud manufacturing company, today announced it has named Erin Stone as General Counsel and Corporate Secretary, and James Erkenswick as Chief Accounting Officer. These leadership additions mark important milestones for Fast Radius' evolution as a publicly traded company. In her capacity as General Counsel and Corporate Secretary, Stone will serve as an important strategic and legal advisor to Fast Radius's board of directors and management and will oversee all legal and compliance matters for the company. In his role as Chief Accounting Officer, Erkenswick will have leadership over the preparation of all financ
CHICAGO, Nov. 14, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (NASDAQ:FSRD) ("Fast Radius'' or the "Company") received approval today from the United States Bankruptcy Court for the District of Delaware for its proposed sale and marketing procedures, including a bid deadline of December 5, 2022. The Company is in active discussions with one or more potential partners and continues to explore and evaluate strategic alternatives, including from newly interested parties. "We are pleased to have received approval of the bid procedures. This allows us to finish marketing our business and our first-of-its-kind Cloud Manufacturing Platform on an expedited timeline while continuing to serve our
CHICAGO, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (NASDAQ:FSRD) ("Fast Radius'' or the "Company") announced today that the United States Bankruptcy Court for the District of Delaware has approved all of the first-day motions related to the Company's voluntary Chapter 11 petitions filed on November 7, 2022. The ruling enables Fast Radius to continue operations in the normal course including: Maintaining employee payroll and health benefits,Paying vendors for all post-petition goods and services,Continuing all customer programs, andOther programs that are essential to continuing the business without disruptions. In addition, the court set a hearing for Monday, November 14, to co
CHICAGO, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (NASDAQ:FSRD) ("Fast Radius'' or the "Company") announced today that it is launching an in-court process to effectuate one or more strategic transactions and has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the District of Delaware. The Company has requested that the court establish certain sale and marketing procedures, which include a proposed bid deadline of December 5, 2022. The Company is in active discussions with one or more potential partners and continues to explore and evaluate strategic alternatives. "Fast Radius has invested over $200 million creating a first-of-its-k
CHICAGO, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. ("Fast Radius") (NASDAQ:FSRD), a cloud manufacturing and digital supply chain company, reported financial results for the second quarter ended June 30, 2022. Second Quarter 2022 Financial Summary Revenue increased 49% to $7.3 million in second quarter 2022 compared to $4.9 million in second quarter 2021;Net loss was $22.2 million in second quarter 2022, or $0.29 per diluted share, compared to a net loss of $15.1 million, or $0.36 per diluted share, in second quarter 2021;Adjusted EBITDA loss was $17.3 million in second quarter 2022 compared to a loss of $13.5 million in second quarter 2021; andTotal Bookings were $7 million in
CHICAGO, July 28, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. (NASDAQ:FSRD), a cloud manufacturing and digital supply chain company, will hold a conference call on Thursday, August 11 at 9:00 a.m. Eastern Time (8:00 a.m. Central Time) to discuss its financial results for the second quarter ended June 30, 2022. Financial results will be issued in a press release prior to the call. Fast Radius management will host the presentation, followed by a question-and-answer period. Conference Call Details:Date: Thursday, August 11, 2022Time: 9:00 a.m. ET / 8:00 a.m. CTWebcast Event: LinkToll-Free Dial-in Number: (800) 715-9871International Dial-in Number: (646) 307-1963Conference ID: 5146031 The c
CHICAGO, July 13, 2022 (GLOBE NEWSWIRE) -- Fast Radius (NASDAQ:FSRD), a cloud manufacturing and digital supply chain company, has partnered with Simbe Robotics to manufacture components critical to the function and aesthetics of their advanced inventory robot, Tally 3. Simbe has reimagined the possibilities of automation to create new efficiencies in retail stores and selected Fast Radius' Cloud Manufacturing Platform™ because of its ability to bypass current supply chain disruptions through flexible production. This results in faster time to market versus traditional manufacturing processes and helps the business scale. Tally 3, Simbe's flagship robot, is an autonomous retail intelligenc
CHICAGO, June 14, 2022 (GLOBE NEWSWIRE) -- Fast Radius (NASDAQ:FSRD), a digital manufacturing and supply chain company, today announced the appointment of Pat McCusker as President and Interim Chief Financial Officer and John Nanry as Chief Operating Officer, effective June 30, 2022. McCusker and Nanry are both co-founders of Fast Radius. Over the past five years, McCusker has been instrumental in Fast Radius' growth, having held leadership roles across commercial execution, financial operations, capital markets engagement, and other functions. McCusker previously served as Interim CFO for Fast Radius from 2017 to August 2021. In this role, he led broad cross-functional teams to prepare f
CHICAGO, June 08, 2022 (GLOBE NEWSWIRE) -- Fast Radius (NASDAQ:FSRD), a digital manufacturing and supply chain company, is working with TacMed, a leading supplier of emergency medical equipment, to produce a key component used in TacMed's SOF® Tourniquet. The SOF Tourniquet is a pre-hospital emergency medical device that's used by military and front-line personnel around the world to stop bleeding from potentially life-threatening limb wounds. Leveraging Fast Radius' Cloud Manufacturing Platform™ to rapidly scale production of a critical Tourniquet part, TacMed is able to meet increasing demand for the product in response to the conflict in Ukraine, overcoming bottlenecks within the global
CHICAGO, May 20, 2022 (GLOBE NEWSWIRE) -- Fast Radius (NASDAQ:FSRD) has been named to the 2022 Crain's Chicago Business Fast 50 list. Based on an independent financial review, Fast Radius ranked as one of Chicagoland's most rapidly growing companies. "We're steadfast in our mission to build a first-of-its-kind infrastructure to help the world to better design, make, and move what it needs, when and where it is needed," said Fast Radius CEO, Chairman and Co-Founder, Lou Rassey. "We believe our strong growth reflects how our Cloud Manufacturing Platform is helping more companies overcome the widespread problems with the traditionally rigid, wasteful and outdated manufacturing and supply cha
CHICAGO, May 12, 2022 (GLOBE NEWSWIRE) -- Fast Radius, Inc. ("Fast Radius") (NASDAQ:FSRD), a cloud manufacturing and digital supply chain company, reported financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Summary Revenue increased 65% to $6.3 million in 2022 compared to $3.8 million in first quarter 2021;Total Bookings were $7 million in 2022, an increase of 36% compared to first quarter 2021;Net loss was $44.6 million in 2022, or $0.73 per diluted share, compared to a net loss of $12.8 million, or $0.33 per diluted share, in first quarter 2021; andAdjusted EBITDA loss was $21.2 million in 2022 compared to a loss of $8.2 million in first qua
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25-NSE - Fast Radius, Inc. (0001832351) (Subject)
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