Year-over-year growth in recurring consumables revenue of 6.3% reflects continued strong printer utilization

MINNEAPOLIS, MN & REHOVOT, Israel, Sep 3, 2024 – Stratasys Ltd. announced financial results for the second quarter 2024. Revenue of this quarter 2024 was $138M, down 4.2% compared to $144.1M for the first quarter 2024. GAAP net loss was $25.7M.

Dr. Yoav Zeif, Stratasys’ chief executive officer, stated, “For the Company to maintain its industry leadership, we continuously evaluate and assess our business model to ensure we are optimally aligned with evolving market conditions. We are confident that our efforts will enable our customers to more effectively address their biggest manufacturing challenges, which should lead to increased adoption of our additive technologies. This realignment is critical to ensure that we can achieve our objectives to deliver sustained profitability and cash flow, while remaining ready to capture opportunities when the spending cycle improves, positioning Stratasys to deliver outsized shareholder value.”

Dr. Zeif continued, “During the quarter we achieved strong consumables sales, and strengthened our market position with the addition of leading products, including the H350 version 1.5 printer, the J5 Digital Anatomy printer, and many exciting new software offerings. We understand the importance of a disciplined approach to balancing investment in innovation with staying focused on delivering the most impactful additive manufacturing applications to our customers and value to shareholders.”

A complete chart of the financial results is available here.

Stratasysis leading the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, healthcare, fashion and education. To learn more about Stratasys, visit stratasys.com.