Welcome to our dedicated page for Stratasys news (Ticker: SSYS), a resource for investors and traders seeking the latest updates and insights on Stratasys stock.
Stratasys Ltd. reports developments in polymer 3D printing and additive manufacturing for industrial, dental, medical and product-design applications. Company updates commonly cover connected 3D printers, polymer materials, GrabCAD software, parts on demand through Stratasys Direct, and platform families that include FDM, PolyJet, P3 DLP and SLA technologies.
Recurring news also includes quarterly and annual financial results, conference-call materials, product and material launches, application expansion in aerospace, automotive, consumer products, healthcare and defense, and regulatory milestones such as European certification for TrueDent dental resins. The company also announces Form 20-F availability and other public-company reporting matters as a Nasdaq-listed foreign issuer.
Stratasys Ltd. has received a revised unsolicited proposal from Nano Dimension Ltd. to acquire the company for $19.55 per share in cash. This comes after the previous offer of $18.00 per share, which the Stratasys Board deemed undervalued the company. The Board, in consultation with financial and legal advisors, will carefully evaluate the new proposal to assess its alignment with the best interests of Stratasys and its shareholders. Shareholders are advised to take no action at this time as the Board conducts its review.
Stratasys Ltd. (Nasdaq: SSYS) has unanimously rejected an unsolicited acquisition proposal from Nano Dimension Ltd. (Nasdaq: NNDM) to buy the company for $18.00 per share in cash. The Board of Directors determined that the offer significantly undervalues Stratasys and is not aligned with shareholder interests. Stratasys remains confident in its standalone strategy, citing six consecutive quarters of profitability despite economic challenges. The company is focused on delivering sustainable growth and enhancing shareholder value.
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.