Solid First Quarter Performance
Demonstrated resilience of recurring revenue model with high utilization rates and 7% sequential growth in consumables.
Strategic Investment and Financial Position
Closed on Fortissimo Capital’s $120 million strategic investment, increasing cash and equivalents to approximately $270 million with no debt.
Innovative Product Launches
Introduced Neo800 Plus, a stereolithography 3D printer, with a 50% speed boost, and launched Gen 3 of Fortus 450mc with enhanced capabilities.
Cost Management and Profitability
Achieved significant OpEx savings, delivering non-GAAP operating income of $3 million, compared to a loss last year.
R&D Focus and Product Development
Continued investment in R&D focusing on right technologies and use cases, maintaining a stable R&D percentage of revenue.