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Stratasys Reports US$163.2 Million Revenue For First Quarter

Stratasys Reports US$163.2 Million Revenue For First Quarter

Stratasys Reports US$163.2 Million Revenue For First Quarter

Minnesota, USA: Stratasys’s generally accepted accounting principles (GAAP) gross margin was 47.1 percent for the first quarter, compared to a GAAP gross margin of 48.3 percent in the corresponding period last year.

The company, which manufactures 3D printers and provides additive manufacturing services, had a GAAP operating loss for the quarter at US$12.6 million, compared to a loss of US$21.1 million for the same period last year. Its revenue went down to US$163.2 million, compared to US$167.9 million during the same quarter last year.

“We remain encouraged by our performance within our key vertical markets during the first quarter,” said Ilan Levin, chief executive officer. “In addition, we believe that strong utilisation of our installed base of systems was demonstrated by steady growth in consumables and customer support revenue during the period, while improved focus resulted in reductions in our operating expenses.”

The company’s recent business highlights include having McLaren Racing using its FDM and PolyJet 3D printing solutions to expand their production of race-ready parts, and manufacturing tools for the McLaren MCL32 Formula 1 race car.

The company has also partnered with SIA Engineering Company, a provider of aircraft maintenance, repair, and overhaul services in Asia Pacific. The collaboration will facilitate the adoption of 3D printed production parts for commercial aviation.

Siemens Mobility will be using Stratasys FDM technology to 3D print parts that include housing covers for the couplers on the front of trams for German transport services provider Stadtwerke Ulm/Neu Ulm (SWU) Verkehr GmbH. This will result in reduction in lead times and tooling costs for the transport provider.

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