Stratasys Ltd - SSYS STOCK NEWS

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.

Stratasys Ltd (NASDAQ: SSYS) is set to release its financial results for the fourth quarter and full year ending December 31, 2022 on March 2, 2023, at 8:30 a.m. ET. A conference call will follow to discuss these results. Investors can join via Stratasys' investor website or participate by phone using the U.S. toll-free number 877-407-0619 or international number +1-412-902-1012. Stratasys continues to lead in 3D printing solutions across multiple sectors, including aerospace and healthcare, emphasizing its innovative contributions to the manufacturing and product design processes.

Stratasys Ltd. (NASDAQ: SSYS) has announced that its CFO, Eitan Zamir, will participate in a fireside chat at the 25th Annual Needham Growth Conference in New York on January 10, 2023, at 8:45 a.m. ET. This event will be available via live webcast and archived for 180 days, allowing investors and stakeholders to access the discussion. Stratasys is a leader in polymer 3D printing, providing solutions for various industries, including aerospace and healthcare, enhancing product design and manufacturing agility.

Stratasys Ltd. (NASDAQ: SSYS) has appointed Christian Alvarez as the new Chief Revenue Officer, effective immediately. Alvarez, with nearly three decades of experience, will enhance go-to-market strategies for Stratasys, focused on customer satisfaction and retention. His previous roles include Senior VP of Worldwide Channel Sales at Nutanix and several leadership positions at Juniper Networks. CEO Dr. Yoav Zeif expressed confidence in Alvarez's ability to drive growth in the polymer 3D printing sector.

Stratasys Ltd. (SSYS) reported a 2.0% rise in consolidated revenues for Q3 2022, totaling $162.2 million. Adjusted revenue increased by 7.8% on a constant currency basis. The company achieved a GAAP net income of $18.7 million ($0.28 per share) and improved non-GAAP operating income to $4.5 million. Despite an operating cash loss of $18.4 million due to inventory increases, the company maintains a solid cash position with $348.7 million and no debt. Full-year 2022 revenue guidance is updated to $648-$652 million, reflecting about 10% growth post-divestiture of MakerBot.