Stratasys Ltd - SSYS STOCK NEWS

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.

Stratasys Ltd. (NASDAQ: SSYS) has collaborated with nTopology to enhance additive manufacturing through customizable workflows, starting with the FDM Assembly Fixture Generator. This innovative tool automates the design of jigs and fixtures, streamlining production and potentially increasing factory productivity. The collaboration aims to leverage Stratasys' 3D printing capabilities and nTopology's engineering software, addressing the growing 3D printing market projected to reach $25 billion by 2025. Initial offerings include a free trial of the Fixture Generator on the nTop Platform.

Stratasys (NASDAQ: SSYS) has successfully sold and installed its J750 Digital Anatomy 3D printer at major healthcare institutions worldwide, enhancing patient care and medical innovation. Notable installations include Seattle Children's Hospital and Nicklaus Children's Hospital, leveraging the printer's ability to produce realistic anatomical models. These models improve clinical evaluations and expedite surgical training, reducing reliance on traditional methods. The printer's precision and lifelike output have garnered significant interest from medical practitioners across various regions, including the US, China, Italy, Spain, and Australia.

Stratasys Ltd. (NASDAQ: SSYS) has announced that Boeing has qualified its Antero 800NA thermoplastic material for 3D printing, enabling its use in flight parts. This high-temperature material is the first from Stratasys approved for applications requiring enhanced chemical resistance and fatigue endurance. The qualification followed extensive performance evaluations and aligns with Boeing's specification BMS8-444. This development highlights the increasing importance of additive manufacturing in aerospace, particularly for Original Equipment Manufacturing (OEM) and Maintenance, Repair, and Overhaul (MRO) processes.

Stratasys Ltd (Nasdaq: SSYS) has announced the upcoming release of its third-quarter financial results for the period ending September 30, 2020, scheduled for November 12, 2020. The company will host a conference call at 8:30 a.m. ET on the same day to discuss the results. Investors can participate via a live webcast or by telephone. Stratasys is a leader in additive manufacturing technology, offering 3D printers and related services across various industries, including aerospace and healthcare.

Stratasys Ltd. (NASDAQ: SSYS) announced its 2020 Annual General Meeting of Shareholders scheduled for November 30, 2020, at 5:00 p.m. Israel time. Shareholders entitled to vote must be on record by October 21, 2020. The meeting will cover several proposals, including re-election of board members, compensation for the Chairman, and an increase in the ordinary shares available under its equity incentive plan. The Board recommends voting in favor of all proposals. The meeting will also address the consolidated financial statements for the year ended December 31, 2019.

MakerBot, a leader in 3D printing and a subsidiary of Stratasys Ltd. (Nasdaq: SSYS), has published a report titled “Trends in 3D Printing and STEAM Education.” This report is based on over 1,000 responses from educators worldwide, highlighting the importance of 3D printing in preparing students for the workforce. Notably, 63% of respondents support the integration of 3D printing for skill development and advocate for comprehensive resources beyond just printers. Key challenges include budget constraints and insufficient technical training in STEAM subjects.

MakerBot, a subsidiary of Stratasys (Nasdaq: SSYS), has announced the expansion of its materials portfolio with the introduction of Nylon 12 Carbon Fiber. This new material can be printed on MakerBot METHOD™ and METHOD X™ 3D printers and offers superior physical and thermal properties, making it suitable for applications in automotive, aerospace, and manufacturing.

Nylon 12 Carbon Fiber is designed for high strength, stiffness, and moisture resistance, enhancing print quality across diverse engineering applications. The material will begin shipping in November 2020.

MakerBot, a subsidiary of Stratasys (SSYS), released its 3D Printing Trends Report based on over 1,200 responses from various industries including Aerospace and Medical. Key findings indicate that 74% of respondents plan to invest in 3D printing technology in 2021, with 50% budgeting up to $100,000. While nearly 70% faced business impacts from COVID-19, 56% reported no effect on their 3D printing investment plans, reflecting confidence in the technology's ability to enhance operations. Customization remains a top priority, and challenges like costs and technical expertise are noted.