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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) 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.
MakerBot, a Stratasys company (Nasdaq: SSYS), unveiled the latest edition of the MakerBot Educators Guidebook, providing educators with advanced project plans and resources for 3D printing in classrooms. The guidebook incorporates fresh ideas to enrich learning and enhance student engagement across various subjects. Key features include project examples, teaching tips, and insights on MakerBot's newest printers. This initiative aligns with MakerBot's mission to equip students for future success by integrating 3D printing into education.
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.
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