Stratasys Ltd., based in Minneapolis, USA, and Rehovot, Israel, has announced its financial results for the second quarter 2017. According to the report, revenue for the quarter fell slightly to $170 million, compared to $172.1 million for the same period last year.
The company reported a gross profit of $83.4 million for Q2 2017 compared to $79.5 million in the same period 2016. This brings the company’s total gross profit for the year to-date to $160.3 million, down slightly from $160.7 million for the first half 2016.
While total revenue was down slightly from Q2 2016, the company also reported a reduction in its operating loss from $17.13 million in Q2 2016 to to $5 million for Q2 2017. Net loss was similarly reduced from $18.7 million to $6.2 million.
The majority of the company’s revenue came from its Additive Manufacturing products, including AM systems and materials, which generated $121 million in Q2 2017. A further $49 million was generated by its Additive Manufacturing services including parts on demand, professional services and expert services.