Stratasys Inc (ISRAEL) - SSYS STOCK NEWS

Stratasys announces collaboration with Baralan, a leading cosmetic packaging provider, to revolutionize cosmetic packaging using PolyJet 3D printing technology. Baralan is implementing this technology to produce end-use parts on glass and plastic containers, enabling customized, fully decorated packaging for high-end brands. The technology allows for intricate, multi-color, multi-effect designs directly on containers, supporting both personalization and low-volume production runs while promoting sustainability and waste reduction. The solution offers cost-effective customization without requiring significant equipment investments.

Stratasys (NASDAQ: SSYS) has announced significant updates to its GrabCAD Print and GrabCAD Print Pro software platforms. The enhanced software now includes emissions estimations for sustainability tracking and extends support to the Neo stereolithography (SLA) platform, covering all five of Stratasys' core technologies.

Key improvements include CO₂e emissions estimates at both job and part levels, considering factors like print time, power consumption, and location-specific emissions data. The software now provides streamlined workflows, advanced file management, and intuitive support generation across all Stratasys 3D printing technologies. Additional enhancements include expanded material support, a new Split feature for detailed model preparation, and improved anchor placement options for Origin DLP printers.

Stratasys (SSYS) reported Q3 2024 financial results with revenue of $140.0 million, down from $162.1 million in Q3 2023. Despite revenue decline, the company showed improved margins with GAAP gross margin increasing 430bps to 44.8% and non-GAAP gross margin up 130bps to 49.6%. The company achieved non-GAAP net income of $0.4 million ($0.01 per share) and Adjusted EBITDA of $5.1 million. Notably, consumables revenue grew for the eighth consecutive quarter. The company raised its 2024 margins and profitability outlook while maintaining revenue guidance of $570-580 million.

Stratasys (NASDAQ: SSYS) has announced significant updates to its FDM and P3 product portfolios. The updates include the Fortus FDC filament drying cabinet, which can reduce yearly labor hours by up to 50% for F900 users and increase uptime by 2.7 times. The company introduced a new FDM PC-ESD material for Fortus systems and expanded Ultem 9085 layer thickness options with Red and Aircraft Gray colors. Additionally, Stratasys is adding over 30 new materials to its Origin P3 platform, including Ultracur3D RG 3280 by Forward AM for injection molding tooling. These enhancements aim to support various industries including aerospace, automotive, and general manufacturing.

Stratasys has partnered with AM Solutions to launch the PowderEase T1, a revolutionary 3-in-1 post-processing system for the H350 SAF powder bed printer. The system automates powder breakout, retrieval, and dosing processes, offering up to 50 minutes of time savings per build compared to manual processes. A single PowderEase T1 can serve up to six H350 printers, maximizing efficiency and reducing operational costs. The system ensures consistent part quality, improved powder utilization, and adherence to industry standards. Manufactured in Germany by AM Solutions, this collaboration aims to advance additive manufacturing by streamlining production workflows.

Stratasys (NASDAQ: SSYS) has launched SAF ReLife, an innovative solution that transforms waste PA12 powder from various additive manufacturing processes into high-quality parts using the Stratasys H350 printer. The technology can reduce carbon footprint by up to 89% when powered by renewable energy and lower production costs by 20%. Beta tester Wehl Green reported significant cost savings and improved efficiency, with 48-hour turnaround times. A third-party Life Cycle Assessment by Fraunhofer IPA validated the environmental benefits, showing a 43% carbon footprint reduction using standard German electricity mix.

Stratasys (NASDAQ: SSYS) announces the launch of its GrabCAD IoT Platform at Formnext 2024, designed to enhance 3D printing operations management and productivity. The platform, immediately available with GrabCAD Streamline Pro software and new PolyJet J3/J5 Series printers, offers real-time monitoring, data-driven insights, and comprehensive fleet management capabilities. The solution introduces standards-based IoT-enabled features for improved printer connectivity, remote diagnostics, and preventative maintenance. Initially available for specific printer models, the platform will be expanded to other technologies in the future.

Stratasys (NASDAQ: SSYS) has scheduled its third quarter 2024 financial results release and conference call for Wednesday, November 13, 2024. The conference call will begin at 8:30 a.m. ET and will be accessible via webcast on the company's investor relations website. Participants can join by phone using the U.S. toll-free number 877-407-0619 or international number +1-412-902-1012. The webcast recording will remain available for 6 months on the company's investor website.

Stratasys (NASDAQ: SSYS) has unveiled the TechStyle™ Fabric Alignment Station, a groundbreaking addition to their 3DFashion™ technology. This innovation enhances the capabilities of the J850 TechStyle™ full color solution, catering to high-end fashion designers' needs. The new station enables:

1. Precise alignment of 2D printed patterns with 3D designs
2. Integration with various production methods like embroidery and laser cutting
3. Improved accuracy in placing 3D printed elements on specific garment areas

Key benefits include enhanced design accuracy, increased efficiency, cost savings, and improved sustainability through reduced material waste. This solution addresses the growing consumer demand for personalized and bespoke fashion products, transforming both the creative process and production efficiency in the fashion industry.