Stratasys Releases Fourth Quarter and Full Year 2023 Financial Results
- None.
- None.
Insights
The reported fourth quarter revenue of Stratasys Ltd. indicates a modest year-over-year growth when adjusted for divestitures, which suggests a stabilization in their core business despite broader market challenges. The record-level recurring revenue for consumables is a positive signal for the company's future revenue streams, as it implies a steady demand for their products and a strong customer base. However, the GAAP net loss highlights the ongoing expenses that are outpacing revenues, potentially due to investment in innovation or operational inefficiencies. The contrast between GAAP and non-GAAP figures warrants scrutiny, as non-GAAP metrics often exclude one-time costs and may present a more favorable, yet less comprehensive, financial picture.
Looking at the full year performance, the slight revenue growth juxtaposed with the significant GAAP net loss could raise concerns about the company's long-term profitability and cost management. Nevertheless, the positive non-GAAP net income and adjusted EBITDA suggest that the company is maintaining some level of operational profitability. The cash position with no debt is a strong point in the company's financial stability, providing flexibility for future investments or to weather economic downturns. Investors should consider the company's 2024 outlook cautiously, as it reflects optimism in the face of inflationary pressures and supply chain costs, which could impact the company's ability to achieve projected growth and margins.
Stratasys' focus on additive manufacturing positions it within a high-growth potential industry, as 3D printing technology is increasingly adopted for a wide range of applications. The mention of the F3300 and its adoption by Toyota signals that the company is making strides in product innovation and gaining traction within the automotive industry, which could lead to further penetration in other sectors. The strong pipeline of interest in their new offerings indicates potential market growth and increased market share.
The company's strategic alternatives process, as mentioned by the board of directors, could involve potential mergers, acquisitions, or other corporate restructuring efforts to enhance shareholder value. This process, coupled with the company's positive outlook for 2024, suggests that Stratasys is actively seeking to capitalize on market opportunities and improve its competitive position. Investors should monitor the developments in this strategic process, as it may have significant implications for the company's direction and stock performance.
Stratasys' performance and outlook should be contextualized within the broader economic environment characterized by global inflationary pressures and high interest rates. The company's ability to achieve its revenue and margin forecasts for 2024 will depend heavily on macroeconomic conditions, including the normalization of capital spending constraints. As Stratasys operates in the global market, its performance is susceptible to fluctuations in international trade dynamics and currency exchange rates, which could affect both costs and sales.
The anticipation of pent-up demand suggests that Stratasys is expecting a post-pandemic economic recovery that will benefit their business. However, this optimism should be tempered with the consideration that a slower-than-expected recovery or further economic disruptions could hinder the company's ability to meet its targets. The company's positive cash flow projection for 2024 is a critical metric that investors should watch, as it will be a key indicator of the company's operational efficiency and financial health in a challenging economic landscape.
-
Fourth quarter revenue of
$156.3 million 1.3% higher than the fourth quarter 2022 excluding divestitures, and1.9% lower than the actual fourth quarter 2022 revenues - Record-level recurring revenue for consumables reflects continued strong printer utilization
-
Fourth quarter GAAP net loss of
$15.0 million $0.22 $1.6 million $0.02 - Tenth straight quarter of adjusted profitability
-
Full year revenue of
$627.6 million 1.3% higher than 2022, excluding divestitures, and3.7% lower than the actual full year 2022 revenues -
Full year GAAP net loss of
$123.1 million $1.79 $7.7 million $0.11 -
$162.6 million - Stratasys board of directors continues its comprehensive strategic alternatives process
- Provides 2024 Outlook
Dr. Yoav Zeif, Stratasys’ Chief Executive Officer stated, “We continued to differentiate ourselves in 2023, achieving our tenth consecutive quarter of profitability on an adjusted basis. We also delivered
Dr. Zeif continued, “We are innovating and investing as we expand our leadership in additive manufacturing. Our newest and most advanced FDM offering, the F3300, is building a strong pipeline of interest after announcing Toyota as its first customer, and engagement across our entire suite of offerings remains robust. As macro-economic conditions normalize and capital spending constraints ease, we believe the pent-up demand for our best-in-class offerings will unlock, driving the next phase of outsized growth and increased profitability for our company.”
Summary - Fourth Quarter 2023 Financial Results Compared to Fourth Quarter 2022:
-
Revenue of
$156.3 million $159.3 million -
GAAP gross margin of
44.7% , compared to43.1% . -
Non-GAAP gross margin of
48.8% , compared to48.4% . -
GAAP operating income of
$5.7 million $1.6 million -
Non-GAAP operating income of
$2.0 million $5.1 million -
GAAP net loss of
$15.0 million $0.22 $2.4 million $0.04 -
Non-GAAP net income of
$1.6 million $0.02 $4.6 million $0.07 -
Adjusted EBITDA of
$7.7 million $10.7 million -
Cash used in operations of
$7.7 million $18.1 million
Summary - 2023 Financial Results Compared to 2022:
-
Revenue of
$627.6 million $651.5 million -
GAAP gross margin of
42.5% , compared to42.4% . -
Non-GAAP gross margin of
48.2% , compared to48.0% . -
GAAP operating loss of
$87.6 million $57.2 million -
Non-GAAP operating income of
$12.6 million $13.5 million -
GAAP net loss of
$123.1 million $1.79 $29.0 million $0.44 -
Non-GAAP net income of
$7.7 million $0.11 $10.3 million $0.15 -
Adjusted EBITDA of
$35.0 million $36.1 million -
Cash used in operations of
$61.6 million $75.4 million
Financial Outlook:
Based on current market conditions and assuming that the impacts of global inflationary pressures, relatively high interest rates and supply chain costs do not impede economic activity further, the Company is providing the following outlook for 2024:
-
Full year revenue of
$630 million $645 million -
Compare to 2023 revenue of approximately
$616 million
-
Compare to 2023 revenue of approximately
-
Based on current logistics and materials costs, full year gross margins of
49.0% -49.5% , improving sequentially through the year. -
Full year operating expenses in a range of
$292 million $297 million -
Full year non-GAAP operating margins in a range of
2.5% to3.5% . -
GAAP net loss of
$88 million $72 million $1.24 $1.01 -
Non-GAAP net income of
$9 million $14 million $0.12 $0.19 -
Adjusted EBITDA of
$40 million $45 million -
Capital expenditures of
$20 million $25 million - Positive cash flow from operating activities.
Non-GAAP earnings guidance excludes
Appropriate reconciliations between historical GAAP and non-GAAP financial measures are provided in a table at the end of our press release and slide presentation, with itemized detail concerning the non-GAAP financial measures.
Stratasys Ltd. Fourth Quarter 2023 Webcast and Conference Call Details
The Company plans to webcast its conference call to discuss its fourth quarter 2023 financial results on Thursday, March 7, 2024, at 8:30 a.m. (ET).
The investor conference call will be available via live webcast on the Stratasys Web site at investors.stratasys.com, or directly at the following web address:
https://event.choruscall.com/mediaframe/webcast.html?webcastid=cZzaGlQr
To participate by telephone, the
Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, healthcare, fashion and education. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.
To learn more about Stratasys, visit www.stratasys.com, the Stratasys blog, Twitter, LinkedIn, or Facebook. Stratasys reserves the right to utilize any of the foregoing social media platforms, including the Company’s websites, to share material, non-public information pursuant to the SEC’s Regulation FD. To the extent necessary and mandated by applicable law, Stratasys will also include such information in its public disclosure filings.
Stratasys is a registered trademark and the Stratasys signet is a trademark of Stratasys Ltd. and/or its subsidiaries or affiliates. All other trademarks are the property of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
The statements in this press release regarding Stratasys' strategy, and the statements regarding its projected future financial performance, including the financial guidance concerning its expected results for 2023 and beyond, are forward-looking statements reflecting management's current expectations and beliefs. These forward-looking statements are based on current information that is, by its nature, subject to rapid and even abrupt change. Due to risks and uncertainties associated with Stratasys' business, actual results could differ materially from those projected or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: the extent of our success at introducing new or improved products and solutions that gain market share; the extent of growth of the 3D printing market generally; the global macro-economic environment, including headwinds caused by inflation, relatively high interest rates, unfavorable currency exchange rates and uncertain economic conditions; changes in our overall strategy, including as related to any restructuring activities and our capital expenditures; the impact of potential shifts in the prices or margins of the products that we sell or services that we provide, including due to a shift towards lower margin products or services; the impact of competition and new technologies; the outcome of our board of directors’ comprehensive process to explore strategic alternatives for our company; potential further charges against earnings that we could be required to take due to impairment of additional goodwill or other intangible assets; the extent of our success at successfully consummating and integrating into our existing business acquisitions or investments in new businesses, technologies, products or services; the potential adverse impact of recent global interruptions and delays involving freight carriers and other third parties on our supply chain and distribution network; global market, political and economic conditions, and in the countries in which we operate in particular; potential adverse effects of Israel’s retaliatory war against the terrorist organization Hamas; costs and potential liability relating to litigation and regulatory proceedings; risks related to infringement of our intellectual property rights by others or infringement of others' intellectual property rights by us; the extent of our success at maintaining our liquidity and financing our operations and capital needs; the impact of tax regulations on our results of operations and financial condition; and those additional factors referred to in Item 3.D “Key Information - Risk Factors”, Item 4, “Information on the Company”, Item 5, “Operating and Financial Review and Prospects,” and all other parts of our Annual Report on Form 20-F for the year ended December 31, 2023, which we expect to file with the
Use of Non-GAAP Financial Measures
The non-GAAP data included herein, which excludes certain items as described below, are non-GAAP financial measures. Our management believes that these non-GAAP financial measures are useful information for investors and shareholders of our company in gauging our results of operations (i) on an ongoing basis after excluding mergers, acquisitions and divestments related expense or gains and reorganization-related charges or gains, and legal provisions, (ii) excluding non-cash items such as stock-based compensation expenses, acquired intangible assets amortization, including intangible assets amortization related to equity method investments, impairment of long-lived assets and goodwill, revaluation of our investments and the corresponding tax effect of those items, (iii) for certain non-GAAP measures, after eliminating the impact of changes attributable to currency exchange rate fluctuations, and (iv) after excluding changes in revenues solely attributable to divestitures of former subsidiary companies. These non-GAAP adjustments either do not reflect actual cash outlays that impact our liquidity and our financial condition or have a non-recurring impact on the statement of operations, as assessed by management. These non-GAAP financial measures are presented to permit investors to more fully understand how management assesses our performance for internal planning and forecasting purposes. The limitations of using these non-GAAP financial measures as performance measures are that they provide a view of our results of operations without including all items indicated above during a period, which may not provide a comparable view of our performance to other companies in our industry. Investors and other readers should consider non-GAAP measures only as supplements to, not as substitutes for or as superior measures to, the measures of financial performance prepared in accordance with GAAP. Reconciliation between results on a GAAP and non-GAAP basis is provided in a table below.
| Stratasys Ltd. | |||||||||
| Consolidated Balance Sheets | |||||||||
| (in thousands, except share data) | |||||||||
| (Unaudited) | |||||||||
| December 31, | December 31, | ||||||||
2023 |
2022 |
||||||||
| ASSETS | |||||||||
| Current assets | |||||||||
| Cash and cash equivalents | $ |
82,585 |
|
$ |
150,470 |
|
|||
| Short-term bank deposits |
|
80,000 |
|
|
177,367 |
|
|||
| Accounts receivable, net of allowance for credit losses of |
|
172,009 |
|
|
144,739 |
|
|||
| Inventories |
|
192,976 |
|
|
194,054 |
|
|||
| Prepaid expenses |
|
7,929 |
|
|
5,767 |
|
|||
| Other current assets |
|
24,596 |
|
|
27,823 |
|
|||
| Total current assets |
|
560,095 |
|
|
700,220 |
|
|||
| Non-current assets | |||||||||
| Property, plant and equipment, net |
|
197,552 |
|
|
195,063 |
|
|||
| Goodwill |
|
100,051 |
|
|
64,953 |
|
|||
| Other intangible assets, net |
|
127,781 |
|
|
121,402 |
|
|||
| Operating lease right-of-use assets |
|
18,895 |
|
|
18,122 |
|
|||
| Long-term investments |
|
115,083 |
|
|
141,610 |
|
|||
| Other non-current assets |
|
14,448 |
|
|
18,420 |
|
|||
| Total non-current assets |
|
573,810 |
|
|
559,570 |
|
|||
| Total assets | $ |
1,133,905 |
|
$ |
1,259,790 |
|
|||
| LIABILITIES AND EQUITY | |||||||||
| Current liabilities | |||||||||
| Accounts payable | $ |
46,785 |
|
$ |
72,921 |
|
|||
| Accrued expenses and other current liabilities |
|
36,656 |
|
|
45,912 |
|
|||
| Accrued compensation and related benefits |
|
33,877 |
|
|
34,432 |
|
|||
| Deferred revenues - short-term |
|
52,610 |
|
|
50,220 |
|
|||
| Operating lease liabilities - short-term |
|
6,498 |
|
|
7,169 |
|
|||
| Total current liabilities |
|
176,426 |
|
|
210,654 |
|
|||
| Non-current liabilities | |||||||||
| Deferred revenues - long-term |
|
23,655 |
|
|
25,214 |
|
|||
| Deferred income taxes |
|
723 |
|
|
5,638 |
|
|||
| Operating lease liabilities - long-term |
|
12,162 |
|
|
10,670 |
|
|||
| Contingent consideration |
|
11,900 |
|
|
23,707 |
|
|||
| Other non-current liabilities |
|
24,200 |
|
|
24,475 |
|
|||
| Total non-current liabilities |
|
72,640 |
|
|
89,704 |
|
|||
| Total liabilities |
|
249,066 |
|
|
300,358 |
|
|||
| Equity | |||||||||
| Ordinary shares, |
|||||||||
| shares; 69,656 shares and 67,086 shares issued |
|
195 |
|
|
187 |
|
|||
| and outstanding at December 31, 2023 and December 31, 2022, respectively |
|
3,091,649 |
|
|
3,048,915 |
|
|||
| Additional paid-in capital | |||||||||
| Accumulated other comprehensive loss |
|
(7,079 |
) |
|
(12,818 |
) |
|||
| Accumulated deficit |
|
(2,199,926 |
) |
|
(2,076,852 |
) |
|||
| Total Equity |
|
884,839 |
|
|
959,432 |
|
|||
| Total liabilities and equity | $ |
1,133,905 |
|
$ |
1,259,790 |
|
|||
| Stratasys Ltd. | ||||||||||||||||
| Consolidated Statements of Operations | ||||||||||||||||
| (in thousands, except per share data) | ||||||||||||||||
| (Unaudited) | ||||||||||||||||
| Three Months Ended December 31, | Twelve Ended December 31, | |||||||||||||||
2023 |
|
2022 |
|
2023 |
|
2022 |
||||||||||
| Revenues | ||||||||||||||||
| Products | $ |
110,388 |
|
$ |
111,197 |
|
$ |
433,741 |
|
$ |
452,124 |
|
||||
| Services |
|
45,949 |
|
|
48,062 |
|
|
193,857 |
|
|
199,359 |
|
||||
|
156,337 |
|
|
159,259 |
|
|
627,598 |
|
|
651,483 |
|
|||||
| Cost of revenues | ||||||||||||||||
| Products |
|
58,275 |
|
|
58,180 |
|
|
226,510 |
|
|
234,601 |
|
||||
| Services |
|
28,304 |
|
|
32,431 |
|
|
134,064 |
|
|
140,415 |
|
||||
|
86,579 |
|
|
90,611 |
|
|
360,574 |
|
|
375,016 |
|
|||||
| Gross profit |
|
69,758 |
|
|
68,648 |
|
|
267,024 |
|
|
276,467 |
|
||||
| Operating expenses | ||||||||||||||||
| Research and development, net |
|
25,078 |
|
|
21,387 |
|
|
94,425 |
|
|
92,876 |
|
||||
| Selling, general and administrative |
|
39,006 |
|
|
45,665 |
|
|
260,179 |
|
|
240,750 |
|
||||
|
64,084 |
|
|
67,052 |
|
|
354,604 |
|
|
333,626 |
|
|||||
| Operating income (loss) |
|
5,674 |
|
|
1,596 |
|
|
(87,580 |
) |
|
(57,159 |
) |
||||
| Gain from deconsolidation of subsidiary |
|
- |
|
|
- |
|
|
- |
|
|
39,136 |
|
||||
| Financial income, net |
|
846 |
|
|
2,309 |
|
|
2,993 |
|
|
229 |
|
||||
| Income (loss) before income taxes |
|
6,520 |
|
|
3,905 |
|
|
(84,587 |
) |
|
(17,794 |
) |
||||
| Income tax expense |
|
(637 |
) |
|
(2,658 |
) |
|
(5,782 |
) |
|
(5,454 |
) |
||||
| Share in losses of associated companies |
|
(20,839 |
) |
|
(3,637 |
) |
|
(32,705 |
) |
|
(5,726 |
) |
||||
| Net loss | $ |
(14,956 |
) |
$ |
(2,390 |
) |
$ |
(123,074 |
) |
$ |
(28,974 |
) |
||||
| Net loss per share | ||||||||||||||||
| Basic | $ |
(0.22 |
) |
$ |
(0.04 |
) |
$ |
(1.79 |
) |
$ |
(0.44 |
) |
||||
| Diluted | $ |
(0.22 |
) |
$ |
(0.04 |
) |
$ |
(1.79 |
) |
$ |
(0.44 |
) |
||||
| Weighted average ordinary shares outstanding | ||||||||||||||||
| Basic |
|
69,375 |
|
|
66,908 |
|
|
68,666 |
|
|
66,491 |
|
||||
| Diluted |
|
69,375 |
|
|
66,908 |
|
|
68,666 |
|
|
66,491 |
|
||||
| Three Months Ended December 31, | |||||||||||||||||||||||
2023 |
|
Non-GAAP |
|
2023 |
|
2022 |
|
Non-GAAP |
|
2022 |
|||||||||||||
| GAAP | Adjustments | Non-GAAP | GAAP | Adjustments | Non-GAAP | ||||||||||||||||||
| Gross profit (1) | $ |
69,758 |
|
$ |
6,565 |
|
$ |
76,323 |
$ |
68,648 |
|
$ |
8,423 |
|
$ |
77,071 |
|||||||
| Operating income (1,2) |
|
5,674 |
|
(3,659 |
) |
|
2,015 |
|
1,596 |
|
|
3,456 |
|
|
5,052 |
||||||||
| Net income (loss) (1,2,3) |
|
(14,956 |
) |
|
16,604 |
|
|
1,648 |
|
(2,390 |
) |
|
6,940 |
|
|
4,550 |
|||||||
| Net income (loss) per diluted share (4) | $ |
(0.22 |
) |
$ |
0.24 |
|
$ |
0.02 |
$ |
(0.04 |
) |
$ |
0.11 |
|
$ |
0.07 |
|||||||
(1 |
) |
Acquired intangible assets amortization expense |
|
5,446 |
|
|
7,297 |
|
|||||||||||||||
| Non-cash stock-based compensation expense |
|
879 |
|
|
1,041 |
|
|||||||||||||||||
| Restructuring and other related costs |
|
240 |
|
|
85 |
|
|||||||||||||||||
|
6,565 |
|
|
8,423 |
|
||||||||||||||||||
(2 |
) |
Acquired intangible assets amortization expense |
|
1,688 |
|
|
2,370 |
|
|||||||||||||||
| Non-cash stock-based compensation expense |
|
6,997 |
|
|
7,664 |
|
|||||||||||||||||
| Restructuring and other related costs |
|
461 |
|
|
874 |
|
|||||||||||||||||
| Revaluation of investments |
|
- |
|
|
560 |
|
|||||||||||||||||
| Contingent consideration |
|
(23,206 |
) |
|
(19,490 |
) |
|||||||||||||||||
| Legal, consulting and other expenses |
|
3,836 |
|
|
3,056 |
|
|||||||||||||||||
|
(10,224 |
) |
|
(4,967 |
) |
||||||||||||||||||
|
(3,659 |
) |
|
3,456 |
|
||||||||||||||||||
(3 |
) |
Corresponding tax effect and other expenses |
|
489 |
|
|
1,770 |
|
|||||||||||||||
| Equity method related amortization, divestments and impairments |
|
19,790 |
|
|
1,714 |
|
|||||||||||||||||
| Finance expenses |
|
(16 |
) |
|
- |
|
|||||||||||||||||
$ |
16,604 |
|
$ |
6,940 |
|
||||||||||||||||||
(4 |
) |
Weighted average number of ordinary shares outstanding - Diluted |
|
69,375 |
|
|
69,801 |
|
66,908 |
|
|
67,231 |
|||||||||||
| Twelve Months Ended December 31, | |||||||||||||||||||||||
2023 |
|
Non-GAAP |
|
2023 |
|
2022 |
|
Non-GAAP |
|
2022 |
|||||||||||||
| GAAP | Adjustments | Non-GAAP | GAAP | Adjustments | Non-GAAP | ||||||||||||||||||
| Gross profit (1) | $ |
267,024 |
$ |
35,764 |
|
$ |
302,788 |
$ |
276,467 |
|
$ |
36,016 |
|
$ |
312,483 |
||||||||
| Operating income (loss) (1,2) |
|
(87,580 |
) |
|
100,207 |
|
|
12,627 |
|
(57,159 |
) |
|
70,691 |
|
|
13,532 |
|||||||
| Net income (loss) (1,2,3) |
|
(123,074 |
) |
|
130,783 |
|
|
7,709 |
|
(28,974 |
) |
|
39,235 |
|
|
10,261 |
|||||||
| Net income (loss) per diluted share (4) | $ |
(1.79 |
) |
$ |
1.90 |
|
$ |
0.11 |
$ |
(0.44 |
) |
$ |
0.59 |
|
$ |
0.15 |
|||||||
(1 |
) |
Acquired intangible assets amortization expense |
|
19,603 |
|
|
28,158 |
|
|||||||||||||||
| Non-cash stock-based compensation expense |
|
3,701 |
|
|
4,082 |
|
|||||||||||||||||
| Restructuring and other related costs |
|
12,460 |
|
|
(174 |
) |
|||||||||||||||||
| Impairment charges |
|
- |
|
|
3,949 |
|
|||||||||||||||||
|
35,764 |
|
|
36,016 |
|
||||||||||||||||||
(2 |
) |
Acquired intangible assets amortization expense |
|
9,167 |
|
|
8,950 |
|
|||||||||||||||
| Non-cash stock-based compensation expense |
|
27,917 |
|
|
29,378 |
|
|||||||||||||||||
| Restructuring and other related costs |
|
7,087 |
|
|
2,737 |
|
|||||||||||||||||
| Revaluation of investments |
|
4,880 |
|
|
3,777 |
|
|||||||||||||||||
| Contingent consideration |
|
(22,329 |
) |
|
(18,293 |
) |
|||||||||||||||||
| Legal, consulting and other expenses |
|
37,721 |
|
|
8,126 |
|
|||||||||||||||||
|
64,443 |
|
|
34,676 |
|
||||||||||||||||||
|
100,207 |
|
|
70,691 |
|
||||||||||||||||||
(3 |
) |
Corresponding tax effect |
|
3,894 |
|
|
4,988 |
|
|||||||||||||||
| Equity method related amortization, divestments and impairments |
|
24,871 |
|
|
2,285 |
|
|||||||||||||||||
| Finance expenses |
|
1,811 |
|
|
406 |
|
|||||||||||||||||
| Net gain from sale of business |
|
- |
|
|
(39,136 |
) |
|||||||||||||||||
$ |
130,783 |
|
$ |
39,235 |
|
||||||||||||||||||
(4 |
) |
Weighted average number of ordinary shares outstanding - Diluted |
|
68,666 |
|
|
69,233 |
|
66,491 |
|
|
67,068 |
|||||||||||
| Stratasys Ltd. | |||
| Reconciliation of GAAP to Non-GAAP Forward Looking Guidance | |||
| Fiscal Year 2024 | |||
| (in millions, except per share data) | |||
| GAAP net loss | ( |
||
| Adjustments | |||
| Stock-based compensation expense | |||
| Intangible assets amortization expense | |||
| Reorganization and other | |||
| Tax expense (benefit) related to Non-GAAP adjustments | |||
| Non-GAAP net income | |||
| GAAP loss per share | ( |
||
| Non-GAAP diluted earnings per share | |||
View source version on businesswire.com: https://www.businesswire.com/news/home/20240307647578/en/
Yonah Lloyd
CCO, VP Investor Relations
Yonah.Lloyd@stratasys.com
Source: Stratasys Ltd.
FAQ
What was Stratasys' fourth quarter revenue in 2023?
How does the full year revenue in 2023 compare to 2022 for Stratasys?
What was Stratasys' GAAP net loss for the fourth quarter of 2023?
What is Stratasys' outlook for 2024 revenue?
How does Stratasys plan to improve gross margins in 2024?
