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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 (Nasdaq: SSYS) released its Q1 2024 financial results, reporting $144.1 million in revenue, a slight decrease from the previous year's $149.4 million. The company posted a GAAP net loss of $26.0 million, or $0.37 per diluted share, and a non-GAAP net loss of $1.7 million, or $0.02 per diluted share. Gross margins improved, with GAAP at 44.4% and non-GAAP at 48.6%. Operating cash flow was positive at $7.3 million. The F3300 pipeline exceeded expectations, and the company reiterated its 2024 outlook, projecting revenues between $630 million and $645 million. Adjusted EBITDA is expected to range from $40 million to $45 million.
Stratasys (Nasdaq: SSYS) will release its financial results for the first quarter ended March 31, 2024, after the market closes on May 29, 2024. A conference call to discuss these results will be held the same day at 5:00 p.m. ET. The call can be accessed via live webcast on the Stratasys website or by dialing into the provided phone numbers. The webcast will remain available for six months.
Stratasys is a leader in additive manufacturing with innovative 3D printing solutions for various industries including aerospace, automotive, consumer products, and healthcare. The company offers smart 3D printers, polymer materials, and a comprehensive software ecosystem. Stratasys aims to enhance product design, manufacturing agility, and patient care, providing competitive advantages throughout the product value chain.
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