Additive Manufacturing Strategies

Stratasys Third Quarter Financial Report: Major Deals, Increased Revenue

ST Medical Devices

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: https://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

3D Printing Robots Receive €1 Million Boost

3D Printing People: A Dialogue Beyond Industry at TIPE 2022



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

3D Printing Webinar and Event Roundup: January 16, 2022

We’re back in business this week with plenty of webinars and events, both virtual and in-person, starting with the second edition of the all-female-speaker TIPE 3D Printing conference. There are...

Women in 3D Printing’s Posts Agenda for TIPE Conference and Virtual Career Fair

This January 18-20, Women in 3D Printing (Wi3DP) is back for the second time in a row with its TIPE 3D Printing Conference and Virtual Career Fair. Like its inaugural...

Women in 3D Printing Onboards New President

As the nonprofit celebrates seven years of supporting women in the additive manufacturing (AM) industry, Women in 3D Printing (Wi3DP) has taken on a new leader. Kristin Mulherin is taking...

3D Printing Trade Show Best Practices: Food and Food for Thought

This is the third installment of ideas, suggestions, and best practices for your 3D printing stand from an interested observer. We previously discussed booth location and how best to connect...


Shop

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