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Stratasys Inc (ISRAEL) - SSYS STOCK NEWS

Welcome to our dedicated page for Stratasys (ISRAEL) news (Ticker: SSYS), a resource for investors and traders seeking the latest updates and insights on Stratasys (ISRAEL) stock.

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.

News

Stratasys Urges Shareholders to Vote FOR the Desktop Metal Transaction

Rhea-AI Summary
Stratasys urges shareholders to vote 'FOR' merger agreement with Desktop Metal, creating an additive manufacturing powerhouse. Combination with Desktop Metal expected to double Stratasys' total addressable market for manufacturing by 2027. Cost synergies of $50+ million and revenue synergies of $50M expected by 2025. Transaction expected to generate $1.6+ billion of revenue and $300+ million of EBITDA in 2026.
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Stratasys Board Unanimously Concludes Revised 3D Systems Proposal Does Not Constitute a “Superior Proposal” and Terminates Discussions with 3D Systems

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Stratasys rejects revised proposal from 3D Systems to acquire the company for $7.00 in cash and 1.6387 newly issued shares of 3D Systems common stock per share, stating that it significantly undervalues Stratasys. Stratasys reaffirms support for pending combination with Desktop Metal. Concerns raised about 3D Systems' short-term growth prospects, profitability, synergy potential, regulatory risks, and management team's ability. Stratasys encourages shareholders to vote in favor of the merger with Desktop Metal.
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Stratasys Mails Proxy Materials for Extraordinary General Meeting and Letter to Shareholders

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Stratasys announces mailing of proxy materials for the Extraordinary Meeting of Shareholders to vote on the merger with Desktop Metal, creating a next-generation additive manufacturing company. The merger is expected to accelerate growth, generate cost and revenue synergies, and increase revenue and EBITDA by 2026.
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Desktop Metal Announces Special Meeting of Stockholders to Vote on Proposed Merger with Stratasys

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Desktop Metal announces special meeting for consideration and voting on the merger agreement with Stratasys. The combined company aims to generate over $1.6 billion in revenue and more than $300 million of adjusted EBITDA in 2026, with a targeted pro forma margin of 20%. The transaction is expected to create significant cross-sell potential and synergies, with approximately $50 million in additional run rate cost synergies and $50 million in annual run-rate revenue synergies by 2025. The closing of the transaction is expected in Q4 2023.
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Stratasys Announces Extraordinary General Meeting of Shareholders

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Stratasys announces Extraordinary General Meeting of Shareholders on September 28, 2023
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Stratasys Releases Second Quarter 2023 Financial Results

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Stratasys announces Q2 2023 financial results with revenue of $159.8 million, a 1.6% increase from Q2 2022. Highest-ever recurring revenue in Consumables and Customer Service. Adjusted EBITDA grew 43% to $10.6 million year-over-year. Reiterates 2023 and medium-term revenue outlook.
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Stratasys Shareholders Re-elect All Eight of Stratasys’ Director Nominees

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Stratasys Ltd. (Nasdaq: SSYS) shareholders vote to re-elect all eight highly qualified director nominees and ratify the reappointment of independent auditors. The company reaffirms its winning strategy for profitable growth and commitment to maximizing shareholder value.
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Stratasys DentaJet Series Building Momentum With Dental Labs Globally

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Stratasys Ltd. (NASDAQ: SSYS) is winning over dental labs with its cost-effective J3 DentaJet multi-material 3D printer, providing increased quality, higher accuracy, and improved production efficiencies. The printer allows labs to reduce project time, eliminate unnecessary overtime, and streamline workflows, as evidenced by Advanced Dental Technologies' positive experience.
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Massivit to Participate in the 12th Annual Needham Industrial Tech, Robotics, & Clean Tech 1x1 Virtual Conference on August 7

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MSVT: Massivit 3D Printing to Participate in Needham Industrial Tech Conference on August 7, 2023
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Stratasys Announces Updated Timing of Conference Call to Discuss Second Quarter 2023 Financial Results

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Stratasys Ltd. (Nasdaq: SSYS) will release its financial results for the second quarter of 2023 on Wednesday, August 9, 2023. The company will hold a conference call at 10:00 a.m. (ET) on the same day to discuss the results. The investor conference call will be available via live webcast on the Stratasys website. Stratasys is a leading provider of 3D printing solutions for industries such as aerospace, automotive, consumer products, and healthcare.
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FAQ

What is the current stock price of Stratasys (ISRAEL) (SSYS)?

The current stock price of Stratasys (ISRAEL) (SSYS) is $9.44 as of November 22, 2024.

What is the market cap of Stratasys (ISRAEL) (SSYS)?

The market cap of Stratasys (ISRAEL) (SSYS) is approximately 673.2M.

What does Stratasys Ltd. specialize in?

Stratasys Ltd. specializes in 3D printing and additive manufacturing solutions, with a focus on polymer-based 3D printing.

Where is Stratasys Ltd. headquartered?

Stratasys Ltd. is headquartered in Minneapolis, Minnesota, USA, and Rehovot, Israel.

What technologies does Stratasys use in its 3D printers?

Stratasys uses technologies like FDM®, PolyJet®, and WDM™ in its 3D printers.

What industries does Stratasys serve?

Stratasys serves various industries, including industrial, healthcare, and consumer sectors.

How does Stratasys generate revenue?

Stratasys generates revenue through the sale of 3D printing systems, related services, consumables, and by providing comprehensive additive manufacturing solutions.

What are some subsidiaries of Stratasys Ltd.?

Stratasys Ltd.'s subsidiaries include MakerBot and Solidscape.

What software solutions does Stratasys offer?

Stratasys offers software solutions like GrabCAD Software, Connectivity, Digital Anatomy Creator, and OpenAM Software.

How many employees does Stratasys have?

Stratasys has over 1,900 employees.

How many patents does Stratasys hold?

Stratasys holds over 550 granted or pending additive manufacturing patents globally.

What recent achievements has Stratasys accomplished?

Stratasys has received more than 25 awards for its technology and leadership, reflecting its commitment to innovation and industry advancement.

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Stratasys Inc (ISRAEL)

Nasdaq:SSYS

SSYS Rankings

#2877 Ranked by Market Cap
N/A Ranked by Dividends

SSYS Stock Data

673.16M
57.58M
19.35%
51.97%
2.18%
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