Stratasys Ltd

SSYS

Equity

ISIN IL0011267213 / Valor 20156046

NASDAQ (2025-03-14)

USD 9.87+2.49%

Stratasys Ltd
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About company

Stratasys Ltd is a global leader in additive manufacturing or 3D printing technology, with a focus on the development, manufacturing, and sale of 3D printers and materials for prototyping and production. The company's collaboration with Siemens Healthineers on a research project to develop advanced solutions for medical imaging phantoms for computed tomography (CT) imaging highlights Stratasys's commitment to innovation and its application in healthcare. This partnership aims to enhance the capabilities of CT imaging, demonstrating Stratasys's involvement in projects that have the potential to significantly impact medical diagnostics and treatment planning. While the company operates across various sectors, this specific initiative underscores its strategic move towards leveraging its 3D printing technologies to contribute to advancements in the medical field, particularly in improving the accuracy and efficacy of diagnostic imaging.

Summarized from source with an LLMView SourceSector: Industrials

Revenue

Stratasys Ltd. reported revenue of $144.1 million for the first quarter of 2024, which remained flat year over year when excluding the impact of divestitures. This compares to $149.4 million in revenue for the same period in 2023.

Net Loss

For the first quarter of 2024, Stratasys Ltd. recorded a GAAP net loss of $26.0 million, or $0.37 per diluted share. On a non-GAAP basis, the net loss was $1.7 million, or $0.02 per diluted share, compared to a non-GAAP net income of $1.1 million, or $0.02 per diluted share, in the first quarter of 2023.

Cash Flow

Stratasys Ltd. generated $7.3 million in cash from operations during the first quarter of 2024, resulting in a positive free cash flow of $4.3 million. This is a significant improvement compared to the cash used by operating activities of $17.9 million in the same quarter of the previous year.

Gross Margins

In the first quarter of 2024, Stratasys Ltd. achieved a GAAP gross margin of 44.4%, up from 43.8% in the first quarter of 2023. The non-GAAP gross margin also improved to 48.6% from 47.3% in the same period last year.

Financial Outlook

Stratasys Ltd. reiterated its financial outlook for 2024, projecting full-year revenue between $630 million and $645 million. The company also expects non-GAAP gross margins to range from 49.0% to 49.5%, with non-GAAP net income anticipated to be between $9 million and $14 million, or $0.12 to $0.19 per diluted share.

Summarized from source with an LLMView Source

Key figures

-15.9%1Y

-54.5%3Y

-31.9%5Y

Performance

56.6%1Y

52.9%3Y

63.3%5Y

Volatility