Stratasys Inc (ISRAEL) - SSYS STOCK NEWS

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.

Stratasys (NASDAQ: SSYS) will present at the 23^rd Annual Needham Growth Conference on January 14, 2021, at 2:00 p.m. ET. CEO Yoav Zeif and CFO Lilach Payorski will lead the presentation, which is accessible via live webcast and archived for 180 days. Stratasys is a leader in polymer additive manufacturing, utilizing its technologies for producing prototypes and parts in various industries, including aerospace and healthcare. The company aims to enhance product development while reducing costs. For more details, visit www.stratasys.com.

Stratasys Ltd. (NASDAQ: SSYS) has launched a new program to enhance integration of its 3D printers within production environments through the GrabCAD Software Development Kit (SDK). This initiative enables two-way connectivity between FDM 3D printers and enterprise software, facilitating improved additive manufacturing processes. Initial partners like Link3D and Identify3D are collaborating on this SDK program. The new connectivity aims to support Industry 4.0 initiatives and meet the growing demand for sophisticated manufacturing solutions.

MakerBot, a subsidiary of Stratasys Ltd. (Nasdaq: SSYS), has announced the qualification of three new Kimya ABS composite materials for its METHOD X 3D printer. These materials include Kimya ABS Kevlar, Kimya ABS-ESD, and Kimya ABS-EC, enhancing the printer's capabilities and expanding its materials portfolio to 23. The new materials offer high strength, abrasion resistance, and electrostatic discharge protection, promising significant cost savings in manufacturing. The METHOD X, with a heated chamber and advanced extruder, enables high-quality production of complex parts.

Stratasys Ltd. (NASDAQ: SSYS) announced its acquisition of 3D printing start-up Origin Inc. for up to $100 million, combining cash and stock. This strategic move aims to enhance Stratasys' leadership in mass production with Origin's Programmable PhotoPolymerization (P³) technology, potentially generating an additional $200 million in revenues over five years. The deal, comprising $60 million at closing and $40 million in performance-based earnouts, is set to close in January 2021, and is seen as slightly dilutive to earnings in 2021 but accretive by 2023.

Stratasys Ltd. (NASDAQ: SSYS) has upgraded its J750 Digital Anatomy™ 3D printer to include advanced bone modeling capabilities. This enhancement allows for the creation of biomechanically realistic models that replicate human bone structures, benefiting medical professionals in surgical training and device testing. The technology uses BoneMatrix™ material and sophisticated software to provide realistic haptic feedback. Clinical studies confirm its effectiveness, with models demonstrating screw pull-out force comparable to human cadaver bones, enhancing pre-surgical preparation and potentially improving clinical outcomes.

Stratasys (NASDAQ:SSYS) has partnered with Volkswagen to enhance its automotive design capabilities through advanced 3D printing technology. The investment centers on the J850 3D Printers, enabling Volkswagen to produce multi-material prototypes with up to 99% precision. This innovation allows for full-color models and various materials, significantly reducing production time and costs compared to traditional design processes. Volkswagen's Pre-Series-Center will leverage this technology to improve vehicle prototype designs, reflecting the company's commitment to innovation and quality in automotive manufacturing.

Stratasys Ltd. (NASDAQ: SSYS) reported its Q3 2020 financial results, revealing a revenue drop of 18.8% to $127.9 million compared to $157.5 million last year, largely due to COVID-19 impacts. GAAP gross margin decreased to 38.9% from 49.2%, while non-GAAP gross margin fell to 46.8% from 52.4%. The company recorded a significant GAAP operating loss of $404.3 million, largely attributed to a non-cash goodwill impairment charge of $386.2 million. Despite these challenges, Stratasys generated $2.6 million in cash from operations and ended the quarter with $308.2 million in cash, maintaining no debt.