Stratasys reported revenue of USD$168 million for its last quarter. The company also lost USD$23 million, which is not the greatest news, but much better that the loss of over USD$220 million during the same quarter last year.
Highlights
Stratasys is planning to transition the manufacture of the MakerBot line, maybe the best known of all desktop 3D printers, to Jabil.
Like its closest competitor, 3D Systems, the company seems to be doubling down on its industrial and business-to-business printers. It recently launched the J750—a large-volume production 3D printer that can do color and multiple materials—with much fanfare.
After a climb to up and over USD$200 million in revenue in 2014-Q4, Stratasys' revenue has stayed consistently under USD$200 million since.
Net income trend seems to be up after seven straight quarters in the red.
Stratasys cast far to acquire GrabCAD, a “community for mechanical engineers,” for what was reported to be around USD$100 million in an all cash deal. This was, no doubt, thought to be a ready market for Stratasys printers.The company has also announced that CEO David Reis will step down at the end of the month. It was during Reis’ reign that the company acquired GrabCAD and MakerBot.
Stockholder unhappiness may have led to disaffection with the leadership, since shares of Stratasys have fallen over $100 in the last two years to a little over $20 per share currently. Reis will be replaced by Ilan Levin, once president of Objet, which Stratasys acquired in 2012.
For more information, see the full press release, including charts, on the Stratasys site.