Stratasys ( (SSYS) ) has released its Q4 earnings. Here is a breakdown of the information Stratasys presented to its investors.
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Stratasys Ltd. is a leading company in the polymer 3D printing solutions sector, providing innovative products for industries such as aerospace, automotive, and healthcare. The company is known for its smart and connected 3D printers and comprehensive software ecosystem.
In its latest earnings report, Stratasys announced a decline in revenue for both the fourth quarter and the full year 2024 compared to the previous year. Despite the revenue drop, the company achieved positive operating cash flow and improved its gross margins, reflecting the resilience of its operating model.
Key financial highlights include a fourth-quarter revenue of $150.4 million, a GAAP net loss of $41.9 million, and a non-GAAP net income of $8.5 million. For the full year, Stratasys reported a revenue of $572.5 million, a GAAP net loss of $120.3 million, and a non-GAAP net income of $4.2 million. The company also secured a $120 million investment from Fortissimo Capital, which is expected to close in the second quarter of 2025.
Looking ahead, Stratasys is optimistic about its growth prospects, with expectations of increased profits and improved cash flow in 2025. The company plans to leverage its strong balance sheet, which includes $150.7 million in cash and no debt, to support future growth and capitalize on easing spending constraints in the market.