Stratasys Q3 Revenue Down 5% to $162M with $0.7M Loss

MINNEAPOLIS, MN & REHOVOT, Israel, Nov 1, 2018 – Stratasys Ltd. announced financial results for the third quarter of 2018. Revenue for the third quarter of 2018 was $162.0M, compared to $170.2M for the last period of same year. GAAP net loss for the quarter was $0.7M.

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 pleased with our results this quarter, reflecting continued strength in our high-end systems orders, utilization rates and our parts services business,” said Elchanan (Elan) Jaglom, interim chief executive officer of Stratasys. “The level of engagement we are experiencing with customers in our key verticals is encouraging, as we highlighted at the recent International Manufacturing Technology Show. And we are excited about the innovation we plan to bring to market to drive incremental, long-term opportunities, as we continue to invest in new products and materials across our portfolio of FDM and PolyJet technologies, our new metal additive manufacturing platform, and advanced composite materials.”

“We ended the quarter with positive cash generation and expense controls that drove efficiencies and maintained operational discipline as we continue to invest in research and development to expand our portfolio,” continued Jaglom. “We believe we have the best go-to-market execution strategy in the industry and are focused on delivering new, innovative solutions in the coming years that will drive strong, profitable top and bottom-line growth.”

A complete chart of the financial results is available here.

Stratasys Ltd. Q3 2018 Conference Call Details

The Company plans to hold the conference call to discuss its third quarter financial results on Thursday, November 1, 2018 at 8:30AM (ET).

The investor conference call will be available via live webcast on the Stratasys Website at www.stratasys.com in the “Investor Relations” section; or directly at the following web address: https://edge.media-server.com/m6/p/a8omzkp4.

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 2963439.

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 manufacturing or 3D printing technology, and is the manufacturer of FDM and PolyJet 3D Printers. The Company’s technologies are used to create prototypes, manufacturing tools, and production parts for industries, including aerospace, automotive, healthcare, consumer products and education. For 30 years, Stratasys products have helped manufacturers reduce product-development time, cost, and time-to-market, as well as reduce or eliminate tooling costs and improve product quality. The Stratasys 3D printing ecosystem of solutions and expertise includes: 3D printers, materials, software, expert services, and on-demand parts production.

Visit online at: www.stratasys.com,http://blog.stratasys.com.

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