Stratasys Releases Third Quarter 2024 Financial Results
Stratasys, Ltd. (SSYS)
Last stratasys, ltd. earnings: 2/26 07:30 am
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Source: Business Wire
Raises 2024 Margins and Profitability OutlookRevenue of $140.0 million, compared to $162.1 million in third quarter 2023Eighth consecutive quarter of year-over-year growth in recurring consumables revenue reflects continued strong printer utilizationImproved GAAP gross margin by 430bps to 44.8% and non-GAAP gross margin by 130bps to 49.6% compared to third quarter 2023GAAP net loss of $26.6 million, or $0.37 per diluted share; non-GAAP net income resumes achieving profitability with $0.4 million, or $0.01 per diluted share$4.5 million of cash used in operations; year-to-date operating cash flow remains positiveAdjusted EBITDA of $5.1 millionRestructuring cost savings being delivered ahead of planRaises outlook for full-year 2024 margins and profitability metrics MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys” or the “Company”), a leader in polymer 3D printing solutions, today announced financial results for the third quarter of 2024.Third
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News
- Guy Menchik Joins flo Optics to Lead Groundbreaking Advances in Digital Manufacturing [Yahoo! Finance]Yahoo! Finance
- Gulf Wind Technology Leverages Stratasys 3D Printing to Accelerate Innovation in Wind Turbine DesignBusiness Wire
- Baralan and Stratasys Transform Cosmetic Packaging with PolyJet 3D Printing Technology [Yahoo! Finance]Yahoo! Finance
- Baralan and Stratasys Transform Cosmetic Packaging with PolyJet 3D Printing TechnologyBusiness Wire
- Stratasys Ltd. (NASDAQ: SSYS) had its price target raised by analysts at Craig Hallum from $12.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
SSYS
Earnings
- 11/13/24 - Beat
SSYS
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/13/24 - Form 6-K
- SSYS's page on the SEC website