Stratasys presents the report for the second quarter of 2021 and shows a 25% increase in revenues

Stratasys – a leading manufacturer of 3D printers in the world and creator of FDM technology, presented financial results for the second quarter of 2021. The company achieved total revenues of 147 million dollars, which is + 25% growth compared to the same period last year. Increases were recorded in all regional markets and all business lines.

Based on current market conditions and assuming that the impact of the COVID-19 pandemic will not worsen the current state of the economy, Stratasys maintains and updates its forecasts, aiming to increase revenues in the third quarter of 2021 at around 17% – 18% on an annualized basis . The fourth quarter of this year is to be even better.

Concurrently, the GAAP net loss was $ -20.2 million and the non-GAAP net loss was $ 1.6 million. The company stresses, however, that it has $ 522.7 million in cash and cash equivalents at the end of the second quarter and does not have any debt.

Commenting on such high increases in revenues, Dr. Yoav Zeif – CEO of the company emphasizes that the source of such good results is largely the transformation of the 3D printing industry and the transition from prototyping to mass production. Stratasys is also strengthening its position on the market of medical solutions – prosthetics and dentistry, as well as in more technologically advanced areas such as implantology or research and development.

Source: www.stratasys.com