Stratasys Inc (ISRAEL) - SSYS STOCK NEWS

MakerBot, a Stratasys company (NASDAQ: SSYS), has announced a significant upgrade to its MakerBot CloudPrint™ platform. This enhanced cloud-based solution allows users to efficiently prepare, print, and manage 3D print jobs from their browser. Key features include improved workflow from CAD to part, seamless integration of print preparation and workspace management, enhanced queue management, and better monitoring and notifications. The upgrades aim to streamline the 3D printing process, making it faster and more user-friendly for professional and educational users.

Stratasys Ltd (SSYS) will release its second quarter financial results for the period ending June 30, 2022, on August 3, 2022. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. ET. The call will be accessible via a live webcast on the Stratasys website. Stratasys is recognized for its leadership in additive manufacturing, providing innovative 3D printing solutions across various industries, including aerospace and healthcare. These solutions are designed to enhance product design efficiency and manufacturing agility.

MakerBot, a Stratasys company (NASDAQ: SSYS), reaffirms its commitment to enhancing STEM education by donating 3D printers and materials to organizations serving underserved communities in the U.S. Beneficiaries include the Si Se Puede Foundation and Kihei Elementary School, which will integrate 3D printing into their programs. These donations aim to improve youth development and provide essential skills in 3D printing technology, fostering creativity and problem-solving among students.

Stratasys has partnered with Toyota Racing Development (TRD) to utilize additive manufacturing in creating production parts for the upcoming Toyota GR86 in the GR Cup Series. This partnership demonstrates a shift from prototyping to end-use parts in racing applications.

The integration involves advanced 3D printers such as the Fortus 450mc and F370, facilitating innovative manufacturing practices. This collaboration marks a significant evolution in high-performance automotive applications, enhancing TRD's production capabilities.

Stratasys, a leader in polymer 3D printing, has partnered with NASCAR to produce the first-ever 3D printed production parts for all Next Gen cars. This collaboration enhances performance and flexibility while achieving cost savings. Utilizing the SAF™-powered Stratasys H350™ printer, the windshield air cockpit ventilation units were crafted from sustainable materials. The parts represent nearly three years of development and extensive testing, demonstrating a commitment to innovation in racing technology. This partnership extends Stratasys' long-term relationship with NASCAR, supporting high-performance applications.

MakerBot, a Stratasys company (NASDAQ: SSYS), announced a significant investment by the Calcasieu Parish School Board, which acquired 400 MakerBot SKETCH™ 3D printers aimed at enhancing STEAM education. This initiative will equip students with advanced skills in design and innovation, reinforcing critical thinking and creativity. Utilizing Title I federal grant funds, the district is committed to equitable access to technology, preparing its 29,500 students across 60 schools for future careers. The partnership with Bluum supports ongoing educational enhancements through training and resources.

Stratasys Ltd. (Nasdaq: SSYS) reported first-quarter 2022 revenue of $163.4 million, marking a 22% increase over 2021, the highest first-quarter revenue in six years. Despite a GAAP net loss of $20.9 million or $0.32 per diluted share, non-GAAP net income was $1.2 million or $0.02 per share. The company holds $475.6 million in cash with no debt. For 2022, Stratasys revised its revenue guidance to a range of $685-$695 million, anticipating low to mid-teens growth in Q2. GAAP net loss for the year is expected between $74-$67 million.

Stratasys Ltd. has entered a business combination agreement with NPM Capital-backed Ultimaker to create a new entity focusing on desktop 3D printing. NPM Capital will own 54.4%, while Stratasys will retain 45.6% of the combined company. The transaction involves a total investment of $62.4 million to enhance innovation and market reach. Leadership will be shared between Nadav Goshen of MakerBot and Jürgen von Hollen of Ultimaker. The deal is expected to be accretive, with no significant impact on Stratasys' revenue upon closing.

MakerBot and Ultimaker announced a business combination aimed at enhancing the desktop 3D printing ecosystem. The merger is backed by NPM Capital and Stratasys (Nasdaq: SSYS), with an investment of $62.4 million to drive innovation and market expansion. Co-CEOs Nadav Goshen and Jürgen von Hollen will lead the new entity, headquartered in The Netherlands and New York. The transaction is expected to close in Q2 or Q3 2022, pending regulatory approvals. This merger is significant as it aims to increase the adoption of additive manufacturing in mainstream business.