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.
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.
Stratasys Ltd. has entered a business combination agreement with NPM Capital-backed Ultimaker to create a new entity focusing on desktop 3D printing. NPM Capital will own 54.4%, while Stratasys will retain 45.6% of the combined company. The transaction involves a total investment of $62.4 million to enhance innovation and market reach. Leadership will be shared between Nadav Goshen of MakerBot and Jürgen von Hollen of Ultimaker. The deal is expected to be accretive, with no significant impact on Stratasys' revenue upon closing.
MakerBot and Ultimaker announced a business combination aimed at enhancing the desktop 3D printing ecosystem. The merger is backed by NPM Capital and Stratasys (Nasdaq: SSYS), with an investment of $62.4 million to drive innovation and market expansion. Co-CEOs Nadav Goshen and Jürgen von Hollen will lead the new entity, headquartered in The Netherlands and New York. The transaction is expected to close in Q2 or Q3 2022, pending regulatory approvals. This merger is significant as it aims to increase the adoption of additive manufacturing in mainstream business.
Stratasys Ltd. (NASDAQ: SSYS) has unveiled two new composite-ready 3D printers, the F190CR and F370CR, along with a new FDM Nylon-CF10 material infused with carbon fiber. These innovations aim to enhance additive manufacturing capabilities on factory floors, enabling faster, cost-effective production of high-strength parts. The printers boast features like integrated GrabCAD Print software, 99% dimensional repeatability, and a larger build volume compared to competitors. Orders for the new products are currently being accepted, with shipments expected in June.
Stratasys Ltd. (NASDAQ: SSYS) has unveiled GrabCAD Print for its Origin One and Origin One Dental 3D printers, enhancing workflow efficiency in 3D printing. This software integrates with the GrabCAD Additive Manufacturing Platform, enabling streamlined operations from design to production. Additionally, Stratasys introduced Origin One Local and ProAero air extractor systems, catering to clients with strict IT regulations. GrabCAD Print will be available at no charge for all Origin One customers. These innovations aim to improve manufacturing productivity and security.
Stratasys has launched new manufacturing materials for FDM 3D printers, introducing 16 new options, including Validated third-party materials, to enhance their manufacturing capabilities. The company also unveiled open exploratory materials for the Origin One 3D printer and added polypropylene for the H350 printer. This expansion is expected to support various applications across industries such as automotive and healthcare. CEO Yoav Zeif emphasized the importance of these advancements in meeting customer demands and transforming manufacturing processes.
Stratasys Ltd. (NASDAQ: SSYS) launched the J850 TechStyle 3D printer, the first of its kind for direct-to-textile printing, aimed at premium fashion manufacturers. This innovation allows for customization and personalization of clothing, accessories, and footwear, enhancing creativity in the fashion industry. The printer handles various fabrics such as denim and leather and is part of the 3DFashion solution, which includes software and materials. Stratasys collaborates with partners like Dyloan and D-house to expand its 3D printing applications in fashion.
Xcentric has formed a strategic partnership with Stratasys Direct Manufacturing to enhance its 3D printing services. This collaboration allows Xcentric to outsource 3D printing projects to Stratasys, giving customers access to over 200 industrial-grade printers across North America. Stratasys Direct, with expertise in various additive manufacturing technologies, will offer a suite of services to Xcentric’s customers. A joint webinar on May 5 will further explain the benefits of additive manufacturing compared to injection molding.
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