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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 strong second-quarter 2021 results with revenue reaching $147.0 million, a 25% increase from the previous year. GAAP gross margin improved to 43.0%, up from 37.2%. Operating losses decreased, with a GAAP loss of $22.7 million compared to $29.3 million last year. Non-GAAP net loss narrowed to $1.6 million, or $0.02 per diluted share. Adjusted EBITDA was $3.5 million, reflecting positive operational cash flow. The company anticipates 17% - 18% revenue growth in Q3 2021, emphasizing expansion in healthcare and manufacturing.
Stratasys Ltd (Nasdaq: SSYS) will announce its second quarter financial results for the period ending June 30, 2021, on August 5, 2021, at 8:30 a.m. (ET). Investors can join the conference call via live webcast or by telephone, with details provided for both options. Stratasys is recognized for its innovative 3D printing solutions catered to various industries including aerospace, automotive, and healthcare, aiming to enhance product design and manufacturing processes.
Stratasys Ltd. (NASDAQ: SSYS) announced the expansion of its GrabCAD Software Partner Program, now including Teton Simulation, enhancing its 3D printing solutions. The program aims to integrate advanced software applications with Stratasys' additive manufacturing technologies, improving production efficiency. Teton Simulation's SmartSlice application will optimize print parameters, ensuring better performance and reduced material waste. The company has now partnered with six firms since the program's inception, showcasing Stratasys' commitment to building a robust ecosystem for advanced manufacturing.
Stratasys Ltd. (NASDAQ: SSYS) has unveiled two innovative PolyJet 3D printers: the J35 Pro and J55 Prime, enhancing rapid prototyping capabilities in design and packaging. The J35 Pro is Stratasys' first multi-material desktop 3D printer, enabling the use of various materials for high-fidelity models. The J55 Prime expands options with new materials for tactile and sensory capabilities. Stratasys aims to enhance efficiency in product development, with both printers available for order, expected to ship in September and July 2021, respectively.
Stratasys Ltd. (NASDAQ: SSYS) has unveiled the J5 MediJet™ 3D printer, a versatile tool for healthcare providers and medical device companies. This printer features multi-material and multi-color capabilities, enabling the creation of detailed anatomical models and surgical guides. It is compact, cost-effective for small labs, and certified for sterilization and biocompatibility. The device is faster than competitors, and supports various materials, reducing the need for multiple printers. Stratasys aims to enhance patient care and expedite medical device innovation with this new technology.
Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer additive manufacturing, will participate in the Stifel Virtual Cross Sector Insight Conference on June 9, 2021, at 4:40 p.m. ET. The event will feature a live webcast, accessible through this link, and will also be archived for later viewing. Stratasys provides innovative 3D printing solutions across multiple industries, enhancing product design and manufacturing processes, showcasing their commitment to transforming operations.
Stratasys Ltd. (NASDAQ: SSYS) reported its first quarter 2021 results, with revenue of $134.2 million, up from $132.9 million in Q1 2020. GAAP net loss narrowed to $18.9 million ($0.32/share) from $21.7 million ($0.40/share) a year prior. Adjusted EBITDA turned positive at $3.5 million, compared to a negative $2.1 million. The company forecasted mid-teens percentage revenue growth for Q2 2021 and indicated that operating expenses could increase by $25-30 million for the full year due to staffing and acquisitions. CEO Dr. Yoav Zeif expressed confidence in future growth in the 3D printing sector.
Stratasys Ltd. (NASDAQ: SSYS) has launched three new 3D printers targeting the multibillion-dollar additive manufacturing market. The Stratasys Origin One, H350, and F770 printers aim to enhance low-to-mid-volume production applications. Stratasys CEO Dr. Yoav Zeif noted that the company is focused on providing comprehensive 3D printing solutions, with more than 25% of revenue coming from manufacturing-related applications. The company anticipates manufacturing revenue growth at over 20% annually from 2022. The printers will begin orders in May 2021, with the H350 shipping in Q3 2021.
Stratasys Ltd (Nasdaq: SSYS) will announce its financial results for Q1 2021 on May 5, 2021. The conference call is set for 8:30 a.m. (ET) the same day, allowing investors to discuss the financial outcomes.
Stratasys specializes in additive manufacturing and 3D printing solutions, catering to sectors such as aerospace, automotive, and healthcare. Their offerings aim to enhance product design and manufacturing efficiency.
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