Stratasys Inc (ISRAEL) - SSYS STOCK NEWS

Stratasys Ltd. (NASDAQ: SSYS) has unanimously rejected an unsolicited acquisition proposal from Nano Dimension Ltd. (NASDAQ: NNDM), which offered $19.55 per share. The Board of Stratasys concluded that the proposal significantly undervalues the company and is not in the best interests of its shareholders. The decision was influenced by misleading statements from Nano's CEO Yoav Stern and concerns about Nano's board's governance amid ongoing litigation with its largest shareholder. Stratasys remains confident that its standalone strategy will create greater shareholder value.

Stratasys Ltd. (NASDAQ: SSYS) announced that German service bureau Götz Maschinenbau has expanded its fleet of H350™ 3D printers to six units, responding to increased customer demand for high-quality end-use parts. This investment allows Götz to enhance its capabilities in additive manufacturing, specifically using SAF™ technology. Their new H350 systems will be installed over the next 18 months, solidifying Götz's position as a leading SAF service bureau in EMEA. The high-yield PA11 and PA12 materials used in these printers enable cost-effective production while maintaining part quality and consistency.

Stratasys Ltd. has received a revised unsolicited proposal from Nano Dimension Ltd. to acquire the company for $19.55 per share in cash. This comes after the previous offer of $18.00 per share, which the Stratasys Board deemed undervalued the company. The Board, in consultation with financial and legal advisors, will carefully evaluate the new proposal to assess its alignment with the best interests of Stratasys and its shareholders. Shareholders are advised to take no action at this time as the Board conducts its review.

Stratasys Ltd. (Nasdaq: SSYS) has unanimously rejected an unsolicited acquisition proposal from Nano Dimension Ltd. (Nasdaq: NNDM) to buy the company for $18.00 per share in cash. The Board of Directors determined that the offer significantly undervalues Stratasys and is not aligned with shareholder interests. Stratasys remains confident in its standalone strategy, citing six consecutive quarters of profitability despite economic challenges. The company is focused on delivering sustainable growth and enhancing shareholder value.

Stratasys has received an unsolicited non-binding indicative offer from Nano Dimension to acquire the company for $18.00 per share in cash. The Stratasys Board, adhering to fiduciary duties, will review the proposal with independent financial and legal advisors to determine the best course of action for shareholders. Shareholders are advised to take no action at this time. Stratasys is noted for leading the additive manufacturing sector with innovative 3D printing solutions across various industries including aerospace and healthcare.

Stratasys Ltd. (NASDAQ: SSYS) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2022, with the U.S. Securities and Exchange Commission (SEC). The report includes audited financial statements, which shareholders can access via the SEC's website or the company's investor relations site. Stratasys continues to lead in additive manufacturing, providing 3D printing solutions across various industries such as aerospace, healthcare, and automotive. For further details, shareholders may request a hard copy of the report, which includes the complete financial statements, at no charge.

Stratasys Ltd. (SSYS) reported its fourth quarter 2022 revenue at $159.3 million, down 4.6% year-on-year, but adjusted for divestitures, it rose 1.7%. The company posted a GAAP net loss of $2.4 million or $0.04 per diluted share, while non-GAAP net income was $4.6 million, or $0.07 per share. For the full year, revenue increased 7.3% to $651.5 million, with a GAAP net loss of $29 million, or $0.44 per share. Cash and equivalents totaled $327.8 million with no debt. The company has provided a 2023 revenue guidance of $620 million to $670 million amid challenging market conditions.

Stratasys (NASDAQ: SSYS) has announced a collaboration with Ricoh USA to enhance access to 3D-printed anatomic models for clinical use. This partnership integrates Stratasys’ Patient-Specific 3D Solutions and Axial3D's cloud-based Segmentation-as-a-Service to streamline the process of creating patient-specific models. By eliminating the need for up-front investments in 3D printing technology, this initiative aims to improve surgical planning and outcomes while reducing costs. The new service will be available from March 3, 2023, enabling faster production times from weeks to days.

Stratasys has announced the launch of TrueDent™, its first FDA-cleared medical device, aimed at transforming the dental industry. The new 3D printing resin allows the creation of permanent, high-fidelity polychromatic dentures, simplifying the production process. TrueDent is specifically designed for use with the Stratasys J5 DentaJet printer and eliminates common barriers in denture fabrication, such as lengthy office visits and fittings. With the denture market valued at $5.5 billion, the introduction of this scalable, digital solution positions Stratasys to meet growing demand effectively.