Stratasys Inc (ISRAEL) - SSYS STOCK NEWS

Stratasys Ltd. (Nasdaq: SSYS) announced the full exercise of an underwriter option to purchase an additional 1,034,482 shares at $29.00 per share, generating approximately $30 million in gross proceeds. This raises total shares sold in the public offering to 7,931,034 and total gross proceeds to around $230 million. The transaction is expected to close on March 18, 2021, subject to customary conditions. The shares were issued under an automatically effective shelf registration statement filed with the SEC.

Stratasys Ltd. (NASDAQ: SSYS) has launched the J5 DentaJet™ 3D printer, designed for dental labs to enhance 3D printing efficiency and accuracy. This multi-material printer can produce at least five times more dental parts on a single mixed tray compared to competitors, while occupying only 4.6 sq. ft. It supports up to five different materials, facilitating the production of orthodontic and dental models quickly and effectively. The printer's high resolution allows for precise dental fittings, reducing production time significantly.

Stratasys Direct Manufacturing has partnered with Xometry to deliver new high-performance nylon materials via Xometry’s custom manufacturing marketplace. Customers can now access four types of nylon for selective laser sintering (SLS): Nylon 11 EX, Nylon 11 HST, Nylon 12 AF, and Nylon 12 CF. This collaboration aims to democratize access to high-quality SLS parts, with Stratasys bringing over 30 years of expertise in additive manufacturing. The new materials support various applications, from structural components to functional prototypes, enhancing manufacturing capabilities for businesses worldwide.

Stratasys Ltd. (NASDAQ: SSYS) has priced a public offering of 6,896,552 ordinary shares at $29.00 each, aiming for gross proceeds of approximately $200 million. The offering includes a 30-day option for underwriters to purchase 1,034,482 additional shares. J.P. Morgan and Stifel are lead managers for the offering, supported by Morgan Stanley. This transaction is registered with the SEC, with a prospectus available on their website. The offering aims to bolster Stratasys's position in the additive manufacturing sector, providing innovative 3D printing solutions across various industries.

Stratasys Ltd. (NASDAQ: SSYS) plans to offer up to $200 million in ordinary shares via an underwritten public offering. An additional $30 million may be available through a 30-day underwriter option. This offering is subject to market conditions and will be sold solely by Stratasys. The shares are being offered under an effective shelf registration statement with the SEC, and a prospectus supplement will detail the terms. J.P. Morgan and Stifel are the joint book-running managers for this offering.

Stratasys Ltd. (NASDAQ: SSYS) has filed its annual report on Form 20-F with the SEC for the fiscal year ending December 31, 2020. This report includes audited financial statements, available on the SEC website and Stratasys' investor relations portal. Shareholders can request a hard copy of the annual report at no charge. Stratasys continues to lead in additive manufacturing, offering innovative 3D printing solutions across industries, enhancing product design, manufacturing agility, and healthcare.

Stratasys Ltd. (NASDAQ: SSYS) reported its financial results for Q4 and full year 2020. Q4 revenue decreased to $142.4 million from $160.2 million YoY. GAAP gross margin fell to 46.4%. However, GAAP net income improved to $11.0 million or $0.20 per diluted share, compared to a net loss in Q4 2019. For the full year, revenue dropped to $520.8 million from $636.1 million, with a GAAP net loss of $443.7 million primarily due to goodwill impairment. The company anticipates revenue growth in Q2 2021 compared to Q2 2020 and plans significant capital investments for future growth.

Stratasys Ltd. (NASDAQ: SSYS) has acquired UK-based RP Support Ltd (RPS), enhancing its polymer 3D printing solutions. This acquisition introduces RPS' Neo line of industrial stereolithography 3D printers, which are expected to expand Stratasys' offerings across the product lifecycle. Stratasys anticipates a slight positive impact on revenue and earnings by the end of 2021. The Neo systems feature advanced technology for improved accuracy and material versatility and are ready for Industry 4.0 integration. This move positions Stratasys for growth in the $150 million industrial stereolithography market, projected to grow at 10% annually.

MakerBot, a Stratasys company (Nasdaq: SSYS), has qualified BASF's Ultrafuse® 316L Stainless Steel for its LABS™ Experimental Extruder on METHOD® 3D printers. This makes METHOD the only industrial desktop 3D printer in its class to print metal materials. The Ultrafuse material offers high strength and durability for prototypes and tools, allowing affordable metal 3D printing without hefty investments in equipment. Parts printed can achieve up to 96% density of pure stainless steel. This development enhances MakerBot’s position in the 3D printing market.