Stratasys Inc (ISRAEL) - SSYS STOCK NEWS

Stratasys has announced a partnership with ALM to supply PA12 powder for its H350 3D printer, expanding material offerings in additive manufacturing. The company also introduced 13 new Validated materials for the Fortus 450mc printer, enhancing options for industries such as aerospace and healthcare. The OpenAM software allows customers access to third-party materials, promoting innovation. Stratasys aims to drive the adoption of additive manufacturing solutions, aligning with market trends for sustainable and efficient production.

Stratasys (SSYS) has made a strategic investment of $10 million in med-tech startup Axial3D, as part of a $15 million investment round. This partnership aims to enhance the accessibility of 3D printed anatomic models for healthcare, targeting hospitals and medical device manufacturers. Axial3D’s AI-driven technology simplifies the conversion of CT and MRI scans into 3D models, improving surgical planning and patient outcomes. The total market opportunity for medical 3D printing is estimated at $2.8 billion.

Stratasys Ltd (NASDAQ: SSYS) will announce its third quarter financial results for the period ending September 30, 2022, on November 10, 2022. The company will host a conference call at 8:30 a.m. ET the same day to discuss these results. The call will be accessible via live webcast on the Stratasys website and by telephone for investors. Stratasys continues to lead in additive manufacturing, providing innovative 3D printing solutions across various industries, improving product design, manufacturing agility, and patient care.

Stratasys (NASDAQ: SSYS) has announced the acquisition of Riven, a quality assurance software company, to enhance its GrabCAD Additive Manufacturing Platform. Riven's cloud-based software improves parts inspection, allowing for quick diagnosis and corrections between CAD files and printed parts. This integration aims to ensure accurate production-scale parts, reduce delays, and promote sustainability by minimizing waste. The acquisition closed in October 2022 and is expected to facilitate market expansion and enable better 3D printing solutions for Stratasys customers.

Stratasys Ltd. has finalized the merger of its subsidiary MakerBot with Ultimaker, backed by NPM Capital, effective August 31, 2022. The new entity, retaining the name Ultimaker, aims to dominate the Desktop 3D printing market. NPM Capital holds 53.5% ownership, while Stratasys retains a 46.5% share. This merger is expected to enhance Stratasys’s strategic focus and create long-term value for shareholders. However, financial contributions from MakerBot will no longer be consolidated by Stratasys starting September 1, 2022.

Stratasys (NASDAQ: SSYS) has signed an agreement to acquire Covestro AG's additive manufacturing materials business for approximately 43 million euros, plus inventory and potential earnout of up to 37 million euros. This acquisition is poised to enhance Stratasys' ability to deliver comprehensive 3D printing solutions and accelerate materials development. The deal includes R&D facilities, a diverse materials portfolio of about 60 additive manufacturing materials, and a robust IP portfolio. Closing is expected in Q1 2023, pending regulatory approvals.

Stratasys Ltd. (Nasdaq: SSYS) reported second-quarter 2022 revenue of $166.6 million, marking a 13.3% increase over 2021, the highest in four years. The company posted a GAAP net loss of $24.4 million ($0.37 per diluted share) and non-GAAP net income of $1.2 million ($0.02 per diluted share). Cash and equivalents reached $441.5 million with no debt as of June 30, 2022. The 2022 revenue outlook is adjusted to $675 million to $685 million, down from $685 million to $695 million, mainly due to adverse currency impacts.

Stratasys Ltd. (NASDAQ: SSYS) will hold its 2022 Annual General Meeting on September 15, 2022, at 3:00 p.m. Israel time. Shareholders are invited to vote on several proposals, including the re-election of directors and the adoption of a new Share Incentive Plan for 1,296,494 shares. The record date for voting eligibility is August 8, 2022. The meeting will also review financial statements for the year ending December 31, 2021. Stratasys encourages all shareholders to participate, regardless of share quantity.

Stratasys has secured a seven-year lease for the newly redeveloped Parkers Lake Commerce Center in Plymouth, Minnesota, effective August 1, 2022. The redevelopment included modern amenities in a 168,100 square foot facility with a 32' clear height. The project was spearheaded by Meritex, which aims to attract various companies to the site. The executive team believes this partnership enhances tenant diversity and boosts long-term cash flows. The project reflects ongoing demand for high-quality industrial spaces in the market.