Stratasys reports financial results for the second quarter 2018

August 2, 2018

Stratasys Ltd., based in Minneapolis, USA, and Rehovot, Israel, has announced its financial results for the second quarter 2018. According to the report, revenue for the quarter rose slightly to $170.2 million, compared to $170 million for the same period last year.

The company reported a gross profit of $83.6 million for Q2 2018, compared to $83.4 million in the same period in 2017. However, with operating expenses of $85.6 million in Q2 2018, the company posted a $2 million operating loss for the period, compared with a $5 million loss in Q2 2017. Net loss for the period was reported to be $3.6 million, compared to $6.2 million in the previous year.

Net research and development expenses for the quarter amounted to $23.7 million, an increase of 1.9% compared to the same period last year. In the first six months of 2018, Stratasys has recorded R&D expenses of some $48.8 million.

Elchanan (Elan) Jaglom, Interim Chief Executive Officer of Stratasys, stated, “Our second quarter revenue was in-line with our expectations for the period, as we saw recovery in high-end system orders in North America and in certain verticals, specifically our customers in government, aerospace, and automotive.”

“We continued our positive trend of cash generation and operational discipline, while we also continue to ramp up our investments in our core FDM and PolyJet technologies, new metal Additive Manufacturing platform, advanced composite materials, and software and application development.”

www.stratasys.com

Download the latest issue of Metal AM magazine

Our latest issue is now available to view online or download in PDF format.

As well as an extensive AM industry news section, this 196-page issue includes articles and reports on:

  • Siemens: Digitalisation enables the industrialisation of metal Additive Manufacturing at Finspång
  • GKN Powder Metallurgy: Moving metal Additive Manufacturing towards mass production with HP
  • Conformal cooling: How AM is increasing efficiency and quality in the injection moulding industry
  • EOS: Developing metal Additive Manufacturing for a truly digital factory
  • Metal Additive Manufacturing in China: An overview of systems manufacturers
  • Binder Jetting and FDM: A comparison with Laser Powder Bed Fusion and Metal Injection Moulding
  • Additive Manufacturing: Myths, misconceptions and untruths
  • Metal Additive Manufacturing: A simulation provider’s perspective
  • AMPM2018: Process parameter control, corrosion resistance and feedstock extrusion highlighted
  • > More information

Latest news

    E-newsletter

    Sign up to our e-newsletter, sent weekly to AM professionals and end-users around the world. We'll also let you know each time a new issue of Metal AM magazine is available.

    Discover our magazine archive…

    The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:
    • Reports on visits to leading metal AM part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news
    All past issues are available to download in PDF format, in either single page format or as double-page “spreads” for viewing on large monitors. All downloads are free of charge. Go to archive...

    Connect with us

    Visit our social media channels and sign up to our e-newsletter