Business
Stratasys Releases Fourth Quarter and Full Year 2021 Financial Results
Fourth quarter revenue of $167.0 million, 17.3% growth over fourth quarter 2020 Fourth quarter GAAP net loss of $4.8 million, or $0.07 per diluted share, and
About this update from Stratasys, Ltd.
[{"type":"text","content":"\n\nFourth quarter revenue of $167.0 million, 17.3% growth over fourth quarter 2020\n\n\nFourth quarter GAAP net loss of $4.8 million, or $0.07 per diluted share, and non-GAAP net income of $0.5 million, or $0.01 per diluted share\n\n\nGenerated $4.4 million of cash from operations during the fourth quarter\n\n\n$502.2 million cash and equivalents and no debt at year end 2021\n\n\n MINNEAPOLIS & REHOVOT, Israel--(BUSINESS WIRE)--\nStratasys Ltd. (Nasdaq: SSYS), a leader in polymer 3D printing solutions, today announced financial results for the fourth quarter and full year 2021.\n\nSummary - Fourth Quarter 2021 Financial Results Compared to Fourth Quarter 2020:\n\n\nRevenue of $167.0 million compared to $142.4 million.\n\n\nGAAP gross margin of 43.7%, compared to 46.4%.\n\n\nNon-GAAP gross margin of 48.7%, compared to 49.5%.\n\n\nGAAP operating loss of $16.2 million, compared to an operating loss of $2.5 million.\n\n\nNon-GAAP operating income of $1.7 million, compared to non-GAAP operating income of $8.3 million that reflected lower operating expenses due to a 4-day work-week.\n\n\nGAAP net loss of $4.8 million, or $0.07 per diluted share, compared to net income of $11.0 million, or $0.20 per diluted share that included a one-time $14 million tax benefit.\n\n\nNon-GAAP net income of $0.5 million, or $0.01 per diluted share, compared to non-GAAP net income of $7.0 million, or $0.13 per diluted share.\n\n\nAdjusted EBITDA of $7.9 million, compared to $14.6 million.\n\n\nCash generated from operations of $4.4 million, compared to $23.7 million, reflecting higher inventory purchasing year over year.\n\n\nDr. Yoav Zeif, Stratasys’ Chief Executive Officer, stated, “Our strong execution and results for the fourth quarter were driven by growth across all technologies and regions. Revenue was up over 17%, led by systems growth of 26% as we delivered our highest systems sales in three years, helping to generate our sixth consecutive quarter of positive operating cash flow.”\n\nDr. Zeif continued, “In 2021 we established the necessary infrastructure to drive our company’s success in the years to come with key acquisitions and successful product launches. We strengthened our industry leadership position as we reinvigorated and expanded our entire polymer 3D printing portfolio. A multitude of industries continues to embrace the many benefit...