MINNEAPOLIS, MN & REHOVOT, Israel, Feb 24, 2022 – Stratasys Ltd. announced financial results for the fourth quarter and full year 2021. Revenue for the fourth quarter of 2021 was $167M, up 5% compared to $159M for the third quarter of 2021. GAAP net loss was $4.8M.
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)
Dr. Yoav Zeif, Stratasys’ chief executive officer, stated, “Our strong execution and results for the fourth quarter were driven by growth across all technologies and regions. Revenue was up over 17%, led by systems growth of 26% as we delivered our highest systems sales in three years, helping to generate our sixth consecutive quarter of positive operating cash flow.”
Dr. Zeif continued, “In 2021 we established the necessary infrastructure to drive our company’s success in the years to come with key acquisitions and successful product launches. We strengthened our industry leadership position as we reinvigorated and expanded our entire polymer 3D printing portfolio. A multitude of industries continues to embrace the many benefits of additive manufacturing and incorporate them into their mass production of parts, and Stratasys is at the forefront of this ongoing transformation. Equipped with best-in-class offerings, unmatched Go-to-Market network and support infrastructure, a strong balance sheet, and the best 3D printing talent relentlessly focused on execution, we are positioned to further build on our momentum in 2022. As we look ahead, we are energized and excited for the future of Stratasys.”
A complete chart of the financial results is available here.
About Stratasys
Stratasys is leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products and healthcare. Through smart and connected 3D printers, polymer materials, a software ecosystem, and parts on demand, Stratasys solutions deliver competitive advantages at every stage in the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.
To learn more about Stratasys, visit www.stratasys.com.