This Hyper-Growth 3-D Printing Company Reveals Its IPO Plans

How has this company experienced 800% revenue growth since 2012?

Jun 11, 2014 at 6:00PM

Mcor Technologies, the Ireland-based 3-D printing company with professional 3-D printers that use ordinary copy paper as its primary material, recently announced a 6.6 million-euro round of private equity funding from WHEB Partners. With over 800% revenue growth since 2012, Mcor is now well capitalized to further support international expansion, which has been experiencing strong demand in recent years. Where Mcor has an advantage over 3D Systems (NYSE:DDD) and Stratasys (NASDAQ:SSYS) is operating costs. Because its 3-D printers utilize copy paper found in offices worldwide, it costs anywhere from five to 30 times less to operate Mcor's printers compared to competing 3D Systems and Stratasys products.

Mcor Trex

A paper 3-D printed T. Rex. Source: Mcor Technologies.

Mcor's sub-$50,000 Iris 3-D printer is truly full-color, meaning it can change colors pixel by pixel, for a price that's unheard in the industry; 3D Systems' and Stratasys' color-based 3-D printers cost well into the six-figure range. Granted, Mcor's 3-D printers are more limited in scope in the sense that they're really only suited for early prototyping and conceptual models, but they could still resonate well at design firms that produce a high volume of models and early prototypes. After several years of ownership, Mcor's 3-D printers boast the potential to save designers literally hundreds of thousands of dollars in operating costs compared Stratasys' and 3D Systems' machines.

Despite this most recent round of funding, it isn't likely that Mcor will be going public anytime soon. In the following video, 3-D printing specialist Steve Heller asks Mcor CEO Conor MacCormack about the company's plans to go public. Still, 3D Systems and Stratasys investors should continue to monitor Mcor's developments – just in case they're material the investing thesis.

A transcript follows the video.

RIP China?
"Made in China" -- an all too familiar phrase. But not for much longer: There's a radical new technology out there, one that's already being employed by the U.S. Air Force, BMW and even Nike. Respected publications like The Economist have compared this disruptive invention to the steam engine and the printing press; Business Insider calls it "the next trillion-dollar industry." Watch The Motley Fool's shocking video presentation to learn about the next great wave of technological innovation, one that will bring an end to "Made in China" for good. Click here!

Steve Heller: Final question for you today; I know you're doing very well. It sounds like the company is growing. Do you have any plans to go public in the future?

Conor MacCormack: Well, we've made a decision. We're in the process of doing a very big funding round in the company, so we've made the decision to build the company up, to develop this new IP that we've filed, to bring these new products to market. Then we'll see what happens.

I think people are almost putting pressure -- "You need to IPO because the market's going to stay open" -- but if you have a very good product, and you have a very good company, I think the market will always be open.

We believe that we'll be in that situation this year or next year. We'll have a very well-established pipeline of dealers, very successful growth like we've seen over the last couple of years, and the new products that are about to come on the market.

It will be a very good story, and we'll see what happens then. My goal is to build this company up to be a multibillion-dollar company, in whatever way that happens -- if we can do it just by raising our own money, if we need to go IPO -- but the main thing is that we get these products out, and we get these new machines out and [unclear]. Whatever's the best way for that to happen.

Heller: Sure, so it's more about the best interests of your business. You're not thinking short side, you're thinking long-term and how to strategically place your business to win over the future.

MacCormack: Yes. I think a mistake that a lot of people think in this industry is that all the innovation is done. They think that whatever eight or 10 platforms, that there's no more innovation going on. Like that famous quote from the patent office, that you might as well close the patent office ...

Heller: Exactly.

MacCormack: I know we are working on some stuff that's really ground-breaking. I know people throw that around a lot, like "the next revolution" and all, but we have some stuff that is really, really new.

I'm sure some of these other companies are doing the same, and if these pan out, who knows what's going to happen in the future? We really believe in our R&D's strengths, and we believe that these products will come to market, and we believe that Mcor can be a very, very big company in the future.

Heller: Great. Thank you so much, Conor, we really appreciate your time.

MacCormack: No problem. Very nice meeting you, Steve.

Steve Heller owns shares of 3D Systems. The Motley Fool recommends 3D Systems and Stratasys. The Motley Fool owns shares of 3D Systems and Stratasys. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.


Compare Brokers