Stratasys Third Quarter Financial Report: Major Deals, Increased Revenue

Share this Article

stratasys-3Leading 3D printer manufacturer Stratasys has officially released its financial report for the 3rd quarter of 2016. Despite a slight decrease in revenue margins, the $970 million company has secured improved operating income.

In the 3rd quarter, Stratasys secured a total revenue of $157.2 million, 6% less than the 3rd quarter of the previous year. Although it struggled to increase its total revenue, the company significantly reduced its operating loss and improved the overall financial stability of the company.

Last quarter, Stratasys reported an operating loss of $19.4 million. In the same time period last year, the company reported an operating loss of $931.3, showing significant improvement in their revenue margins and monetization of their products and services. The net loss for the quarter was estimated to be $20.8 million, which again, compared to the 2015 3rd quarter’s $901.3 million net loss demonstrated essential financial recovery.

For investors, the ability of Stratasys to drastically decrease its operating costs and maximize its revenue margins is optimistic, as turning profit in the industry of 3D printing is difficult. Due to the sheer amount of capital and resources that are allocated in the development of 3D printers, without securing a large clientèle with high demand for professional and enterprise-grade 3D printers, it is virtually impossible to break even with costs.

Recently, however, Stratasys has managed to secure some crucial deals that have allowed the company to distribute and sell its enterprise-grade printers at a larger scale.

ULTEM 9085 and ULTEM 9085 Aerospace work with Fortus 400mc, Fortus 450mc and Fortus 900mc 3D Printers. - See more at: http://www.stratasys.com/materials/fdm/ultem-9085#sthash.Skzejpag.dpuf

ULTEM 9085 and ULTEM 9085 Aerospace work with Fortus 400mc, Fortus 450mc and Fortus 900mc 3D Printers.

Leading aircraft manufacturer Airbus announced that they will be standardizing the use of Stratasys’ printing material ULTEM 9085 for the production of A350 XWB aircraft parts.

Airbus has long considered the implementation and integration of 3D printing technology to enhance its manufacturing process and optimize the distribution phase. The partnership with Stratasys allowed Airbus to create aircraft parts on demand, without having to rely on its global manufacturers that require weeks to months for the development and delivery of aircraft parts.

“In 2014 Airbus produced a significant amount of parts on its Stratasys FDM-based 3D Printers for use in new A350 XWB aircraft, enabling Airbus to meet delivery commitments on-time. We are pleased to support Airbus as they industrialize the inclusion of Stratasys 3D printed parts in the A350 XWB production supply chain, ensuring that suppliers will be able to support continued scheduled aircraft deliveries,” said Andy Middleton, President, Stratasys EMEA in October

The multi-million deal with Airbus and the company’s other partnerships with multi-billion dollar corporations like Siemens led Stratasys to secure a broader clientèle and increase its revenue streams. Apart from its corporate partnerships and revenues, Stratasys also collaborated with processionals and educators to launch and ship new MakerBot 3D printers, which can be used without extensive knowledge in the 3D printing technology.

MakerBot 3D printing solutions

MakerBot 3D printing solutions

The efforts of Stratasys in pursuing commercial products and mainstream 3D printing services enabled the company to reach a new group of consumers that have contributed in improving the financial health of the company. Discuss in the Stratasys forum at 3DPB.com.

Share this Article


Recent News

Plumen & Batch.Works: 3D Printed Lampshade Collection Made from Recycled Plastic

TU Dresden: CONPrint3D for Monolithic 3D Printing in Construction



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

Truth in 3D Printed Construction? “Nobody 3D Printed an Entire Building”

At 3DPrint.com, we’ve always been very skeptical about the goings-on in 3D printed construction. A lot of houses have been 3D printed in 24 hours, each time while conveniently forgetting...

3D Printing in the Construction Industry: Still Evolving

In ‘Success Factors for 3D Printing Technology Adoption in Construction,” thesis student Pankhuri Pimpley at the University of Maryland, College Park, explores not only the history and benefits of 3D...

Witteveen+Bos Complete Development of Southeast Asia’s Largest 3D Printer for Construction

Netherlands-based Witteveen+Bos just completed development of Southeast Asia’s largest 3D printer for the construction industry. The Housing and Development Board (HDB) in Singapore made the announcement on September 11th at...

3D Printing in Construction: French Startup XtreeE Announces New Facility in Dubai

French startup XtreeE continues to be a presence in the construction industry with the introduction of 3D printing on the large scale, and now a new production unit in Dubai, United...


Shop

View our broad assortment of in house and third party products.


Services & Data

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our 3DPrint.com.

You have Successfully Subscribed!