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 Ltd. (NASDAQ: SSYS) will hold its 2022 Annual General Meeting on September 15, 2022, at 3:00 p.m. Israel time. Shareholders are invited to vote on several proposals, including the re-election of directors and the adoption of a new Share Incentive Plan for 1,296,494 shares. The record date for voting eligibility is August 8, 2022. The meeting will also review financial statements for the year ending December 31, 2021. Stratasys encourages all shareholders to participate, regardless of share quantity.
Stratasys has secured a seven-year lease for the newly redeveloped Parkers Lake Commerce Center in Plymouth, Minnesota, effective August 1, 2022. The redevelopment included modern amenities in a 168,100 square foot facility with a 32' clear height. The project was spearheaded by Meritex, which aims to attract various companies to the site. The executive team believes this partnership enhances tenant diversity and boosts long-term cash flows. The project reflects ongoing demand for high-quality industrial spaces in the market.
Stratasys Ltd (NASDAQ: SSYS) has adopted a limited duration shareholder rights plan to protect the interests of the company and its shareholders. The plan aims to deter hostile takeovers by any entity acquiring more than 15% of the company's shares without board approval. Each shareholder will receive one right for every ordinary share, exercisable at $0.01 per share if the threshold is crossed. This Rights Plan will be in effect for 364 days, ending on July 24, 2023. The measure reflects the company's commitment to ensuring fair treatment for all shareholders.
MakerBot, a Stratasys company (NASDAQ: SSYS), has announced a significant upgrade to its MakerBot CloudPrint™ platform. This enhanced cloud-based solution allows users to efficiently prepare, print, and manage 3D print jobs from their browser. Key features include improved workflow from CAD to part, seamless integration of print preparation and workspace management, enhanced queue management, and better monitoring and notifications. The upgrades aim to streamline the 3D printing process, making it faster and more user-friendly for professional and educational users.
Stratasys Ltd (SSYS) will release its second quarter financial results for the period ending June 30, 2022, on August 3, 2022. A conference call to discuss these results is scheduled for the same day at 8:30 a.m. ET. The call will be accessible via a live webcast on the Stratasys website. Stratasys is recognized for its leadership in additive manufacturing, providing innovative 3D printing solutions across various industries, including aerospace and healthcare. These solutions are designed to enhance product design efficiency and manufacturing agility.
MakerBot, a Stratasys company (NASDAQ: SSYS), reaffirms its commitment to enhancing STEM education by donating 3D printers and materials to organizations serving underserved communities in the U.S. Beneficiaries include the Si Se Puede Foundation and Kihei Elementary School, which will integrate 3D printing into their programs. These donations aim to improve youth development and provide essential skills in 3D printing technology, fostering creativity and problem-solving among students.
Stratasys has partnered with Toyota Racing Development (TRD) to utilize additive manufacturing in creating production parts for the upcoming Toyota GR86 in the GR Cup Series. This partnership demonstrates a shift from prototyping to end-use parts in racing applications.
The integration involves advanced 3D printers such as the Fortus 450mc and F370, facilitating innovative manufacturing practices. This collaboration marks a significant evolution in high-performance automotive applications, enhancing TRD's production capabilities.
Stratasys, a leader in polymer 3D printing, has partnered with NASCAR to produce the first-ever 3D printed production parts for all Next Gen cars. This collaboration enhances performance and flexibility while achieving cost savings. Utilizing the SAF™-powered Stratasys H350™ printer, the windshield air cockpit ventilation units were crafted from sustainable materials. The parts represent nearly three years of development and extensive testing, demonstrating a commitment to innovation in racing technology. This partnership extends Stratasys' long-term relationship with NASCAR, supporting high-performance applications.
MakerBot, a Stratasys company (NASDAQ: SSYS), announced a significant investment by the Calcasieu Parish School Board, which acquired 400 MakerBot SKETCH™ 3D printers aimed at enhancing STEAM education. This initiative will equip students with advanced skills in design and innovation, reinforcing critical thinking and creativity. Utilizing Title I federal grant funds, the district is committed to equitable access to technology, preparing its 29,500 students across 60 schools for future careers. The partnership with Bluum supports ongoing educational enhancements through training and resources.
Stratasys Ltd. (Nasdaq: SSYS) reported first-quarter 2022 revenue of $163.4 million, marking a 22% increase over 2021, the highest first-quarter revenue in six years. Despite a GAAP net loss of $20.9 million or $0.32 per diluted share, non-GAAP net income was $1.2 million or $0.02 per share. The company holds $475.6 million in cash with no debt. For 2022, Stratasys revised its revenue guidance to a range of $685-$695 million, anticipating low to mid-teens growth in Q2. GAAP net loss for the year is expected between $74-$67 million.