Stratasys Ltd. announced financial results for the third quarter of 2016.
Q3-2016 Financial Results Summary:
- Revenue for the third quarter of 2016 was $157.2 million, compared to $167.6 million for the same period last year.
- GAAP gross margin was 46.9% for the third quarter, compared to a GAAP negative gross margin of 47.7% for the same period last year.
- Non-GAAP gross margin was 54.0% for the third quarter, compared to 50.8% for the same period last year.
- GAAP operating loss for the third quarter was $19.4 million, compared to a loss of $931.3 million for the same period last year.
- Non-GAAP operating income for the third quarter was $3.3 million, compared to non-GAAP operating loss of $10.0 million for the same period last year.
- GAAP net loss for the third quarter was $20.8 million, or ($0.40) per diluted share, compared to a loss of $901.3 million, or ($17.35) per diluted share, for the same period last year.
- Non-GAAP net income for the third quarter was $0.1 million, or $0.00 per diluted share, compared to Non-GAAP net income of $0.7 million, or $0.01 per diluted share, reported for the same period last year.
- The Company maintains $239.3 million in cash and cash equivalents as of the end of the third quarter.
- Net R&D expenses for the third quarter amounted to $24.0 million, representing 15.3% of net sales.
- GAAP EBITDA for the third quarter amounted to $3.5 million.
- Non-GAAP EBITDA for the third quarter amounted to $12.0 million.