Stratasys Inc (ISRAEL) - SSYS STOCK NEWS

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.

Stratasys Ltd. (NASDAQ: SSYS) has announced the launch of FDM ABS-CF10, a new carbon fiber composite material for its F123 Series™ 3D printers. This innovative material, containing 10% chopped carbon fiber, is 15% stronger and over 50% stiffer than standard ABS, enhancing the capabilities of the F170™, F270™, and F370™ models. The introduction is timely as the additive manufacturing market for polymer jigs and fixtures is projected to grow at 14.2% annually, reaching nearly $600 million by 2023.

Stratasys Ltd (Nasdaq: SSYS) will announce its financial results for the fourth quarter and full year ended December 31, 2020, on March 1, 2021. The company will host a conference call at 8:30 a.m. ET on the same day to discuss the results. Investors can join via a live webcast on the company’s website. Stratasys is a leader in 3D printing solutions targeting various industries, including aerospace and healthcare, leveraging innovative technologies to enhance product design and manufacturing processes.

Stratasys Ltd. (NASDAQ: SSYS) has completed the acquisition of Origin as of Dec. 31, 2020. This acquisition enhances Stratasys' capabilities in additive manufacturing, focusing on software-driven polymer applications. CEO Yoav Zeif emphasized that this strategic move is expected to unlock new market opportunities and contribute to significant growth starting in 2021. The acquisition may slightly dilute non-GAAP earnings per share in 2021 but is projected to become accretive by 2023. Origin’s technology is noted for its precision and material development.