Business
Stratasys Releases Fourth Quarter and Full Year 2024 Financial Results
Fourth quarter revenue of $150.4 million, compared to $156.3 million in the prior year period Fourth quarter GAAP net loss of $41.9 million, or $0.59 per
About this update from Stratasys, Ltd.
[{"type":"text","content":"\n\nFourth quarter revenue of $150.4 million, compared to $156.3 million in the prior year period\n\n\nFourth quarter GAAP net loss of $41.9 million, or $0.59 per diluted share, which includes $30.1 million non-cash impairment of an equity investment\n\n\nFourth quarter Non-GAAP net income of $8.5 million, or $0.12 per diluted share\n\n\nFull year revenue of $572.5 million, compared to $627.6 million in 2023\n\n\nFull year GAAP net loss of $120.3 million, or $1.70 per diluted share, and non-GAAP net income of $4.2 million, or $0.06 per diluted share\n\n\nFourth quarter positive operating cash flow of $7.4 million\n\n\nFull year positive operating cash flow of $7.8 million, resulting in $150.7 million cash equivalents and no debt at year-end 2024\n\n\nFourth quarter Adjusted EBITDA of $14.5 million, 9.6% of revenue\n\n\nSecures $120 million investment subsequent to quarter end (pending closing) from Fortissimo Capital, a leading Israeli private equity fund investing in technology and industrials\n\n\nProvides 2025 outlook\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 2024.\n\nDr. Yoav Zeif, Stratasys’ Chief Executive Officer, stated, “In 2024 and early 2025, we took several key steps to enhance our leadership and strengthen our position at the forefront of additive manufacturing. We also successfully expanded our adjusted gross margin by 100 basis points, delivered net profitability on an adjusted basis, and generated positive operating cash flow in 2024 with increased cash flow expected in 2025, demonstrating the resilience of our operating model. We took decisive actions to optimize our business while maintaining our ability to scale rapidly as conditions improve. We are pleased to have right-sized the Company and demonstrated the resilience of our operating model and effectiveness of our team.”\n\nDr. Zeif continued, “Continuing strong customer engagement reaffirms our expectations that once spending constraints ease, adoption rates will accelerate and we will return to growth and generate increased profits. Our healthy balance sheet of $150.7 million in cash, cash equivalents and short-term deposits, with no debt, provides stability and optionality to support our growth. We...