Stratasys Ltd Stock Price, News & Analysis

Stratasys (NASDAQ: SSYS) was recognized at the Additive Manufacturer Green Trade Association (AMGTA) 2024 Annual Summit in Los Angeles on June 24th, winning four Sustainability Recognition Awards. These accolades were awarded for Stratasys' excellence in Environmental Management Systems, Sustainability Reporting, Environmental Sustainability Research, and overall Excellence in Additive Manufacturing (AM) Sustainability. The awards reflect Stratasys' commitment to environmental sustainability and innovation in additive manufacturing. Sherri Monroe, Executive Director of AMGTA, praised Stratasys for advancing sustainability in the industry. Rosa Coblens, VP of Sustainability & Communications at Stratasys, highlighted the company's Mindful Manufacturing™ approach, emphasizing leadership in evidence-based ESG practices.

Stratasys and Ricoh USA have enrolled the first patient in a clinical study assessing 3D printed models for orthopedic tumor removal. The study aims to evaluate the efficacy of 3D printed anatomical models in preoperative planning compared to traditional CT or MRI scans. This research will examine potential improvements in surgical outcomes, such as reduced blood loss, shorter operating times, and fewer complications. The 12-month, multi-center randomized study will involve up to 150 subjects across three sites, including The Ohio State University Wexner Medical Center and Corewell Health. Successful results could establish 3D printed models as a new standard in tumor removal procedures.

Stratasys (NASDAQ: SSYS) and AM Craft have entered a partnership to boost 3D printed parts production for the aviation industry. This collaboration will leverage Stratasys' expertise with AM Craft's distributed production model. AM Craft holds an EASA Part 21G Production Organization Approval, enabling the delivery of certified parts important for airlines and OEMs. The partnership includes Stratasys' strategic investment in AM Craft and their addition to AM Craft's board. This alliance aims to address supply chain challenges in the aviation sector, ensuring the availability of needed parts. The partnership extends AM Craft's reach to Southeast Asia and Europe, with plans to collaborate with Stratasys Direct Manufacturing in the US.

Stratasys (Nasdaq: SSYS) has announced the commercial availability of SAF™ Polypropylene (PP) for its H350™ printer, launching in Q4 2024. This material, developed in partnership with BASF Forward AM, promises greater cost efficiency, superior part quality, and versatility in Powder Bed Fusion (PBF) technologies. SAF PP is designed for high-volume production, offering a total turnaround time of less than 36 hours and the ability to produce hundreds of parts in a single build.

Key applications for SAF PP span automotive, medical, consumer sports, and industrial sectors, providing durability, chemical resistance, and flexibility. The material has demonstrated the capability to produce intricate, robust parts with exceptional surface aesthetics, making it ideal for intricate geometries and tight applications. The material will be showcased at the RAPID + TCT Expo in Los Angeles from June 25-27, 2024.

Stratasys has unveiled its new J5™ Digital Anatomy™ 3D printer, aimed at revolutionizing the creation of high-fidelity anatomical models. This innovation is particularly beneficial for medical institutions, device manufacturers, and research institutions, enabling enhanced surgical planning, improved patient outcomes, and accelerated product development. The printer offers precise, patient-specific models that mirror real human tissue, skeletal structures, and vasculature, providing realistic haptic feedback. Its compact design and lower Total Cost of Ownership make it accessible to a wider range of users. Stratasys will officially reveal the printer at RAPID + TCT on June 25th.

Stratasys (NASDAQ: SSYS) will showcase its leading additive manufacturing technologies at the 2024 RAPID + TCT Expo in Los Angeles from June 25 to June 27. The event will feature eight speaking engagements, a dynamic booth displaying the latest innovations, and a showcase truck. CEO Dr. Yoav Zeif will speak on the opening day. Stratasys will also unveil a new medical solution on June 25. Key highlights include the introduction of the F3300 printer, the NEO® 800, and over 200 parts demonstrating the company's technology across various sectors such as aerospace, automotive, healthcare, and consumer products.

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.