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Stratasys Ltd. (NASDAQ: SSYS), headquartered in Minneapolis, Minnesota, and Rehovot, Israel, is a leading global provider of 3D printing and additive manufacturing solutions. Utilizing patented technologies such as FDM®, PolyJet®, and WDM™, Stratasys produces high-quality prototypes and manufactured goods directly from 3D CAD files or other 3D content.
Stratasys offers an array of 3D printers tailored for idea development, prototyping, and direct digital manufacturing. The company's subsidiaries include MakerBot and Solidscape, and it operates the RedEye digital-manufacturing service. Stratasys is an innovation leader, holding over 550 granted or pending additive manufacturing patents globally and has been awarded more than 25 accolades for its technological advancements and leadership.
Stratasys focuses primarily on polymer-based 3D printing solutions. These solutions cater to various sectors, including industrial, healthcare, and consumer fields. The company believes that polymer 3D printing solutions offer significant growth opportunities in the rapidly expanding 3D printing industry.
The company's comprehensive product line includes 3D printers such as FDM, PolyJet, Stereolithography, P3, and SAF. Additionally, Stratasys provides software solutions like GrabCAD Software, Connectivity, Digital Anatomy Creator, and OpenAM Software, which enhance the functionality and connectivity of their 3D printing systems.
Revenue generation for Stratasys comes from the sale of 3D printing systems, related services, and consumables, as well as providing comprehensive additive manufacturing solutions. With a workforce of over 1,900 employees, Stratasys continues to push the boundaries of what's possible in 3D printing.
Recent developments at Stratasys highlight the company's commitment to innovation and growth in the 3D printing landscape. Their latest news and updates reflect ongoing projects, new partnerships, and advancements in technology that keep them at the forefront of the industry.
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
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
Stratasys Ltd. (NASDAQ: SSYS) has unveiled two new composite-ready 3D printers, the F190CR and F370CR, along with a new FDM Nylon-CF10 material infused with carbon fiber. These innovations aim to enhance additive manufacturing capabilities on factory floors, enabling faster, cost-effective production of high-strength parts. The printers boast features like integrated GrabCAD Print software, 99% dimensional repeatability, and a larger build volume compared to competitors. Orders for the new products are currently being accepted, with shipments expected in June.
Stratasys Ltd. (NASDAQ: SSYS) has unveiled GrabCAD Print for its Origin One and Origin One Dental 3D printers, enhancing workflow efficiency in 3D printing. This software integrates with the GrabCAD Additive Manufacturing Platform, enabling streamlined operations from design to production. Additionally, Stratasys introduced Origin One Local and ProAero air extractor systems, catering to clients with strict IT regulations. GrabCAD Print will be available at no charge for all Origin One customers. These innovations aim to improve manufacturing productivity and security.
Stratasys has launched new manufacturing materials for FDM 3D printers, introducing 16 new options, including Validated third-party materials, to enhance their manufacturing capabilities. The company also unveiled open exploratory materials for the Origin One 3D printer and added polypropylene for the H350 printer. This expansion is expected to support various applications across industries such as automotive and healthcare. CEO Yoav Zeif emphasized the importance of these advancements in meeting customer demands and transforming manufacturing processes.
Stratasys Ltd. (NASDAQ: SSYS) launched the J850 TechStyle 3D printer, the first of its kind for direct-to-textile printing, aimed at premium fashion manufacturers. This innovation allows for customization and personalization of clothing, accessories, and footwear, enhancing creativity in the fashion industry. The printer handles various fabrics such as denim and leather and is part of the 3DFashion solution, which includes software and materials. Stratasys collaborates with partners like Dyloan and D-house to expand its 3D printing applications in fashion.
Xcentric has formed a strategic partnership with Stratasys Direct Manufacturing to enhance its 3D printing services. This collaboration allows Xcentric to outsource 3D printing projects to Stratasys, giving customers access to over 200 industrial-grade printers across North America. Stratasys Direct, with expertise in various additive manufacturing technologies, will offer a suite of services to Xcentric’s customers. A joint webinar on May 5 will further explain the benefits of additive manufacturing compared to injection molding.
Stratasys Ltd (NASDAQ: SSYS) is set to release its financial results for Q1 ended March 31, 2022, on May 16, 2022. A conference call to discuss these results will take place the same day at 4:30 p.m. (ET). Investors can join via a live webcast available on the Stratasys website. Stratasys is a leader in additive manufacturing, providing innovative 3D printing solutions across various industries, enhancing product design, manufacturing agility, and healthcare. For more information, visit www.stratasys.com.
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