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Wednesday, November 16, 2016

Stratasys Releases Third Quarter 2016 Financial Results

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.

To read the full report, please click here.

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