Welcome to our dedicated page for Stratasys news (Ticker: SSYS), a resource for investors and traders seeking the latest updates and insights on Stratasys stock.
Stratasys Ltd. reports developments in polymer 3D printing and additive manufacturing for industrial, dental, medical and product-design applications. Company updates commonly cover connected 3D printers, polymer materials, GrabCAD software, parts on demand through Stratasys Direct, and platform families that include FDM, PolyJet, P3 DLP and SLA technologies.
Recurring news also includes quarterly and annual financial results, conference-call materials, product and material launches, application expansion in aerospace, automotive, consumer products, healthcare and defense, and regulatory milestones such as European certification for TrueDent dental resins. The company also announces Form 20-F availability and other public-company reporting matters as a Nasdaq-listed foreign issuer.
Stratasys (NASDAQ: SSYS) has announced significant updates to its product lineup, including new materials and technologies aimed at enhancing additive manufacturing capabilities. Key updates include the OpenAM software for the F900 3D printer, a new high-performance material VICTREX AM 200 for the Fortus 450mc and F900 printers, and a Carbon Fiber Visual Print Option for the F-123 Series. Additionally, the F770 printer now supports multiple ASA colors, and Somos NeXt is validated for Stratasys NEO stereolithography printers. Furthermore, GrabCAD software integration enables enhanced on-demand 3D printing capabilities through Stratasys Direct.
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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