Stratasys Ltd - SSYS STOCK NEWS

MakerBot, a subsidiary of Stratasys Ltd. (Nasdaq: SSYS), has announced the qualification of three new Kimya ABS composite materials for its METHOD X 3D printer. These materials include Kimya ABS Kevlar, Kimya ABS-ESD, and Kimya ABS-EC, enhancing the printer's capabilities and expanding its materials portfolio to 23. The new materials offer high strength, abrasion resistance, and electrostatic discharge protection, promising significant cost savings in manufacturing. The METHOD X, with a heated chamber and advanced extruder, enables high-quality production of complex parts.

Stratasys Ltd. (NASDAQ: SSYS) announced its acquisition of 3D printing start-up Origin Inc. for up to $100 million, combining cash and stock. This strategic move aims to enhance Stratasys' leadership in mass production with Origin's Programmable PhotoPolymerization (P³) technology, potentially generating an additional $200 million in revenues over five years. The deal, comprising $60 million at closing and $40 million in performance-based earnouts, is set to close in January 2021, and is seen as slightly dilutive to earnings in 2021 but accretive by 2023.

Stratasys Ltd. (NASDAQ: SSYS) has upgraded its J750 Digital Anatomy™ 3D printer to include advanced bone modeling capabilities. This enhancement allows for the creation of biomechanically realistic models that replicate human bone structures, benefiting medical professionals in surgical training and device testing. The technology uses BoneMatrix™ material and sophisticated software to provide realistic haptic feedback. Clinical studies confirm its effectiveness, with models demonstrating screw pull-out force comparable to human cadaver bones, enhancing pre-surgical preparation and potentially improving clinical outcomes.

Stratasys (NASDAQ:SSYS) has partnered with Volkswagen to enhance its automotive design capabilities through advanced 3D printing technology. The investment centers on the J850 3D Printers, enabling Volkswagen to produce multi-material prototypes with up to 99% precision. This innovation allows for full-color models and various materials, significantly reducing production time and costs compared to traditional design processes. Volkswagen's Pre-Series-Center will leverage this technology to improve vehicle prototype designs, reflecting the company's commitment to innovation and quality in automotive manufacturing.

Stratasys Ltd. (NASDAQ: SSYS) reported its Q3 2020 financial results, revealing a revenue drop of 18.8% to $127.9 million compared to $157.5 million last year, largely due to COVID-19 impacts. GAAP gross margin decreased to 38.9% from 49.2%, while non-GAAP gross margin fell to 46.8% from 52.4%. The company recorded a significant GAAP operating loss of $404.3 million, largely attributed to a non-cash goodwill impairment charge of $386.2 million. Despite these challenges, Stratasys generated $2.6 million in cash from operations and ended the quarter with $308.2 million in cash, maintaining no debt.

Stratasys Ltd. (NASDAQ: SSYS) has collaborated with nTopology to enhance additive manufacturing through customizable workflows, starting with the FDM Assembly Fixture Generator. This innovative tool automates the design of jigs and fixtures, streamlining production and potentially increasing factory productivity. The collaboration aims to leverage Stratasys' 3D printing capabilities and nTopology's engineering software, addressing the growing 3D printing market projected to reach $25 billion by 2025. Initial offerings include a free trial of the Fixture Generator on the nTop Platform.

Stratasys (NASDAQ: SSYS) has successfully sold and installed its J750 Digital Anatomy 3D printer at major healthcare institutions worldwide, enhancing patient care and medical innovation. Notable installations include Seattle Children's Hospital and Nicklaus Children's Hospital, leveraging the printer's ability to produce realistic anatomical models. These models improve clinical evaluations and expedite surgical training, reducing reliance on traditional methods. The printer's precision and lifelike output have garnered significant interest from medical practitioners across various regions, including the US, China, Italy, Spain, and Australia.

Stratasys Ltd. (NASDAQ: SSYS) has announced that Boeing has qualified its Antero 800NA thermoplastic material for 3D printing, enabling its use in flight parts. This high-temperature material is the first from Stratasys approved for applications requiring enhanced chemical resistance and fatigue endurance. The qualification followed extensive performance evaluations and aligns with Boeing's specification BMS8-444. This development highlights the increasing importance of additive manufacturing in aerospace, particularly for Original Equipment Manufacturing (OEM) and Maintenance, Repair, and Overhaul (MRO) processes.

Stratasys Ltd (Nasdaq: SSYS) has announced the upcoming release of its third-quarter financial results for the period ending September 30, 2020, scheduled for November 12, 2020. The company will host a conference call at 8:30 a.m. ET on the same day to discuss the results. Investors can participate via a live webcast or by telephone. Stratasys is a leader in additive manufacturing technology, offering 3D printers and related services across various industries, including aerospace and healthcare.