Stratasys reports financial results for second quarter 2017
August 9, 2017
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.
