Stratasys Q2 Revenue Up 10% to $170M with $4M Loss

MINNEAPOLIS, MN and REHOVOT, Israel, Aug 1, 2018 – Stratasys Ltd., a global leader in additive technology solutions, announced financial results for the second quarter of 2018. Revenue for the second quarter of 2018 was $170.2 million, compared to $153.8 million for the first quarter of same year.

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)

“Our second quarter revenue was in-line with our expectations for the period, as we saw recovery in high-end system orders in North America and in certain verticals, specifically our customers in government, aerospace, and automotive,” said Elchanan (Elan) Jaglom, Interim chief executive officer of Stratasys. “We are pleased with the increased adoption we are seeing for our production-focused solutions, including our new F900 Aircraft Interiors Certification Solutions (AICS) 3D Printer and our J700 Dental 3D Printer, both of which address the unique needs of production applications in their respective verticals for aerospace and dental. We continued our positive trend of cash generation and operational discipline, while we also continue to ramp up our investments in our core FDM and PolyJet technologies, new metal additive manufacturing platform, advanced composite materials, and software and application development.”

A complete chart of the financial results is available here.

Stratasys Ltd. Q2 2018 Conference Call Details

The company plans to hold a conference call to discuss its second quarter financial results on Wednesday, August 1, 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/2hp76z7i.

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 7497765.

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, Minnesota and Rehovot, Israel.

Visit online at: www.stratasys.comhttp://blog.stratasys.com.

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