MINNEAPOLIS, MN & REHOVOT, Israel, May 2, 2018 – Stratasys Ltd., a global leader in additive technology solutions, announced financial results for the first quarter of 2018. Revenue for the first quarter of 2018 was $153.8 million, compared to $179.3M for the fourth quarter of 2017. GAAP net loss for the quarter was $13M.
Comparative analysis based on Stratasys’s financial results in the last 12 quarters (Result source Stratasys website)
Comparative analysis based on Stratasys’s financial results in the last 12 quarters (Result source Stratasys website)
“We are disappointed with our revenue for the first quarter, which is primarily attributed to underperformance in North America related to high end system orders, specifically from customers in government and other key verticals such as aerospace and automotive,” said Ilan Levin, chief executive officer of Stratasys. “We do not believe that our first quarter revenue represents a fundamental change in the demand environment in the North American market. We continue to maintain a strong pipeline of opportunities, and are not modifying the full year guidance we issued earlier this year. Despite our revenue results in the period we continued our positive trend of operational discipline and cash generation. We remain committed to our investments in long-term initiatives that include advancements in our core FDM and PolyJet technologies, new metal additive manufacturing platform, advanced composite materials, and software and application development.”
“We are encouraged by the growing number of companies that are making significant progress in pursuing certifications for specific high value applications,” continued Levin. “Our recent collaborations deepen these efforts as our customers move towards production applications, designing and manufacturing with confidence.”
A complete chart of the financial results is available here.
Stratasys Ltd. Q1 2018 Conference Call Details
The company plans to hold the conference call to discuss its first quarter financial results on Wednesday, May 2, 2018 at 8:30AM (ET).
The investor conference call will be available via live webcast on the Stratasys website at www.stratasys.com under the “Investors” tab; or directly at the following Web address: https://edge.media-server.com/m6/p/6zpd5mm6.
To participate by telephone, the domestic dial-in number is (866) 394-5776 and the international dial-in is (409) 350-3596. The access code is 2128479.
Investors are advised to dial into the call at least ten minutes prior to the call to register. The webcast will be available for 90 days on the “Investors” page of the Stratasys website or by accessing the provided Web address.
About Stratasys
Stratasys is a global leader in additive technology solutions for industries including aerospace, automotive, healthcare, consumer products and education. For nearly 30 years, a deep and ongoing focus on customers’ business requirements has fueled purposeful innovations—1,200 granted and pending additive technology patents to date—that create new value across product lifecycle processes, from design prototypes to manufacturing tools and final production parts. The Stratasys 3D printing ecosystem of solutions and expertise—advanced materials; software with voxel level control; precise, repeatable and reliable FDM and PolyJet 3D printers; application-based expert services; on-demand parts and industry-defining partnerships—works to ensure seamless integration into each customer’s evolving workflow. Fulfilling the real-world potential of additive, Stratasys delivers breakthrough industry-specific applications that accelerate business processes, optimize value chains and drive business performance improvements for thousands of future-ready leaders around the world.
Corporate Headquarters: Minneapolis, MN and Rehovot, Israel.
Visit online at: www.stratasys.com and http://blog.stratasys.com.