Welcome to our dedicated page for Stratasys (ISRAEL) news (Ticker: SSYS), a resource for investors and traders seeking the latest updates and insights on Stratasys (ISRAEL) stock.
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) is enhancing its manufacturing strategy by introducing a new open tier of third-party materials for FDM® 3D printers through an annual Open Material License. This initiative allows customers to access a broader range of materials, promoting additive manufacturing adoption. Stratasys is already offering open material options for Neo stereolithography 3D printers and has established a material ecosystem across various technologies. The company aims to meet increasing customer demands for sustainability, cost efficiency, and customization in additive manufacturing.
Stratasys has launched the GrabCAD Print software optimized for its H350 3D printer, enhancing additive manufacturing capabilities for users. This improved software facilitates production-scale quantities, allowing users to print hundreds to thousands of parts in a single build. The GrabCAD Print software is built on the GrabCAD Additive Manufacturing Platform, ensuring seamless connectivity between 3D printers and enterprise systems. An annual software license costs $7,999 USD. The H350 printer is designed to provide consistent production control, competitive cost per part, and scalability.
Stratasys Ltd. (NASDAQ: SSYS) announced that Danish footwear manufacturer ECCO is employing its Origin One 3D printing technology to enhance product development, reducing mold fabrication time and costs.
Using Henkel Loctite resin materials, ECCO can 3D print molds and shoe lasts with quality comparable to traditional CNC machining. This innovation allows for quicker testing of footwear designs, helping ECCO streamline its development process and meet customer needs more efficiently.
Stratasys Ltd. (NASDAQ: SSYS) reported Q3 2021 revenue of $159.0 million, a 24.3% increase from Q3 2020. GAAP net loss stood at $18.1 million, or $0.28 per diluted share, an improvement from a net loss of $405.1 million a year prior. The company secured significant contracts with the US Navy and a major OEM for part manufacturing. Cash from operations was $3.0 million, with $519.9 million in cash reserves and no debt. Stratasys retains a positive outlook, forecasting 16% revenue growth in Q4 2021 compared to the previous year.
Stratasys Ltd. (NASDAQ: SSYS) has announced a partnership with Ricoh USA, Inc. to enhance access to point-of-care 3D printing services in healthcare. The collaboration aims to provide hospitals with patient-specific anatomic models, leveraging Stratasys' J750 Digital Anatomy printer and Ricoh's managed services. This initiative is designed to overcome barriers faced by smaller healthcare providers, such as staffing, compliance, and budget constraints. The solution is HIPAA compliant and available in both on-site and on-demand formats.
Stratasys has launched the GrabCAD Additive Manufacturing Platform, a comprehensive software solution for managing production-scale 3D printing operations.
This platform enhances operational efficiency by integrating with existing enterprise applications and managing multiple 3D printers. As the global additive manufacturing software market is projected to grow to $3.3 billion by 2026, Stratasys aims to solidify its leadership position in this expanding sector. The platform currently supports over 38,000 users and processes 35 GB of data daily.
Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing solutions, announced participation in the 51st Annual Baird Global Industrial Conference. CEO Yoav Zeif will present on Thursday, November 11, 2021, at 10:15 a.m. ET. The presentation will be accessible via live webcast and archived for one year. Stratasys is known for its innovative 3D printing technologies that cater to various industries, enhancing product design, manufacturing agility, and patient care. For more information, visit www.stratasys.com.
Stratasys has announced a collaboration with Adobe that streamlines the process for artists and engineers using Adobe Substance 3D Painter to create fully textured and colored 3D-printed models. This new workflow eliminates the need for additional software, allowing users to directly translate digital designs into physical objects using Stratasys PolyJet technology. The integration is expected to enhance product prototype testing across various industries, including games, fashion, and architecture, providing a more efficient design process.
Stratasys (NASDAQ: SSYS) has partnered with the design team at Paisley Park to create a unique exhibit showcasing Prince's shoe collection. The Beautiful Collection: Prince's Custom Shoes features innovative 3D-printed items, including the first-ever 3D-printed baby grand piano, designed to display 11 pairs of shoes. The exhibit also includes a nine-foot pointillist image of Prince made from 347,130 3D-printed cells. This creative collaboration emphasizes the potential of 3D printing technology in arts and culture, with the exhibit open to public tours through 2022.
Stratasys Ltd (SSYS) is set to release its financial results for Q3 2021 on November 4, 2021, with a conference call scheduled for 8:30 a.m. ET. Investors can join via webcast or telephone. The company, which specializes in 3D printing solutions for various industries, aims to showcase its innovative products that enhance manufacturing agility, product design, and patient care. For further information, the webcast will be available for six months on the investor relations website.
FAQ
What is the current stock price of Stratasys (ISRAEL) (SSYS)?
What is the market cap of Stratasys (ISRAEL) (SSYS)?
What does Stratasys Ltd. specialize in?
Where is Stratasys Ltd. headquartered?
What technologies does Stratasys use in its 3D printers?
What industries does Stratasys serve?
How does Stratasys generate revenue?
What are some subsidiaries of Stratasys Ltd.?
What software solutions does Stratasys offer?
How many employees does Stratasys have?
How many patents does Stratasys hold?