Slide 1: Q4 and FY 2024 Results
Q4 and FY 2024 Results Speakers Dr. Yoav Zeif, CEO Eitan Zamir, CFO Yonah Lloyd, CCO & VP IR March 5, 2025 Make additive work for you
Slide 2: Conference Call and Webcast Link
Conference Call and Webcast Link US Toll-Free Dial-In 1-877-407-0619 International Dial-In +1-412-902-1012 Live Webcast and Replay Make additive work for you
Slide 3: Forward-Looking Statements
Forward-Looking Statements Cautionary Statement Regarding Forward- Looking Statements The statements in this slide presentation regarding Stratasys' strategy, and the statements regarding its projected future financial performance, including the financial guidance concerning its expected results for
Slide 4: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information Use of Non-GAAP Financial Measures The non-GAAP data included herein, which excludes certain items as described below, are non-GAAP financial measures. Our management believes that these non-GAAP financial measures are useful information for investors and shareh
Slide 5: Dr. Yoav Zeif, CEO
Dr. Yoav Zeif CEO ▪ Took leadership-enhancing steps to strengthen our position at the forefront of additive manufacturing ▪ Successfully executed plan to generate profits and cash ▪ Laser-focused strategy around compelling applications centered around full-scale production ▪ 36% revenue from manufac
Slide 6: Technology Update
Technology Update Launched FDC filament Introduced PC-ESD More than 30 new drying cabinet using material for parts requiring materials for Origin P3 electrostatic discharge DLP, including validating a patented FDM® technology, protection. Enhanced Forward AM material increases printer uptime by Ulte
Slide 7: Partnerships Update
Partnerships Update New CRO Andy Langfeld Manufacturing - Automotive - Named the Aerospace - 3E EOS, a Andreas “Andy” Langfeld is ArcelorMittal, one of the official and exclusive leader in electro-optic based in Germany and with world's largest steel NASCAR 3D printing systems, significantly Stratas
Slide 8: Dental / Medical Update
Dental / Medical Update Dental - TrueDent-D resin is Medical - Joint research with available for sale in Europe as a Siemens Healthineers CE Mark Class 1 medical device. demonstrated the unprecedented TrueDent is now set to deliver a accuracy of 3D-printed imaging scalable, efficient, and high-quali
Slide 9: Software Update
Software Update Innovation - Unveiled new Full Portfolio Integration - GrabCAD IoT Platform, a GrabCAD print software suite now transformative solution to supports all five of our improve utilization and uptime, technologies. Unified software providing accurate, real-time data, approach streamlines
Slide 10: Eitan Zamir, CFO
Eitan Zamir CFO ▪ Solid execution in Q4 against the ongoing backdrop of adverse macroeconomic factors and related pressures ▪ Customer engagements remain strong, and we believe will translate into meaningful growth once headwinds abate ▪ Cost-savings initiatives we announced last year took effect pr
Slide 11: Financial Results
Financial Results GAAP Non-GAAP Q4-23 Q4-24 Change Y/Y Q4-23 Q4-24 Change Y/Y Total Revenue 156.3 150.4 -3.8% 156.3 150.4 -3.8% Gross Profit 69.8 69.7 (0.1) 76.3 74.6 (1.7) ▪ % Margin 44.7% 46.3% 1.6% 48.8% 49.6% 0.8% Operating Income (Loss) 5.7 (9.7) (15.4) 2.0 9.4 7.4 ▪ % Margin 3.6% -6.4% -10.0%
Slide 12: Q4 2024 Revenue
Q4 2024 Revenue Quarterly Trend Revenues – Q4’24 Product Service Revenue Y/Y 156.3 150.4 144.1 138.0 140.0 Product - $105.1M -4.8% 45.9 45.3 44.9 44.4 45.9 ▪ Systems - $46.7M -1.5% ▪ Consumables - $58.4M -7.3% 110.4 99.2 105.1 93.6 94.1 Services - $45.3M -1.3% Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 ▪ Custome
Slide 13: FY 2024 Revenue
FY 2024 Revenue Yearly Trend Revenues – 2024 Product Service Y/Y Revenue 651.5 * 627.6 607.2 572.5 Product - $392.0M -9.6% 520.8 199.4 193.9 189.7 180.5 ▪ Systems - $140.3M -25.3% 181.0 ▪ Consumables - $251.7M 2.3% 417.6 452.1 433.7 339.8 392.0 Services - $180.5M -6.9% ▪ Customer Support - $124.7M 0
Slide 14: Q4 Gross Margins
Q4 Gross Margins Sequential improvement driven by higher operational efficiency GAAP Non-GAAP Product Gross Margin Total Gross Margin Service Gross Margin 55.5% 55.6% 55.1% 52.6% 53.4% 49.8% 49.8% 50.0% 49.8% 50.0% 50.0% 49.3% 47.4% 47.2% 49.3% 49.6% 49.6% 47.2% 47.2% 48.8% 48.6% 49.0% 49.0% 44.6% 4
Slide 15: Q4 Operating Expenses
Q4 Operating Expenses Significant improvement driven by our cost saving initiatives GAAP Non-GAAP Operating Expenses Operating Expenses (absolute and as a percentage of revenues) (absolute and as a percentage of revenues) 52.8% 47.5% 41.0% 43.4% 79.4 74.3 64.1 65.2 Q4'23 Q4'24 Q4'23 Q4'24 Note: $ in
Slide 16: Q4 Earnings – Adjusted profitability driven by our restructuring plan
Q4 Earnings – Adjusted profitability driven by our restructuring plan Q4 non-cash impairment charge of $30.1 million, or $0.42 per share, related to the investment in Ultimaker, a key cause for our larger GAAP net loss in the quarter GAAP operating income (loss) Non-GAAP operating income (1.3% in Q4
Slide 17: Healthy Balance Sheet Positioned for Value-Enhancing Opportunities
Healthy Balance Sheet Positioned for Value-Enhancing Opportunities Strong balance sheet and cash position are set to be further enhanced with the prospective $120 million investment from Fortissimo Balance sheet items Cash flow from operating activities Q4-23 Q3-24 Q4-24 Cash and Cash Equivalents an
Slide 18: 2025 Outlook
2025 Outlook $570M – $585M 48.8% – 49.2% $254M – $257M Revenue Non-GAAP Non-GAAP Operating Growing sequentially Gross Margins Expenses each quarter through the year 4.0% – 5.0% $0.28 – $0.35 $44M – $50M $25M – $30M Non-GAAP Operating Adjusted EPS diluted Adjusted EBITDA CAPEX Margins ($0.93)-($0.72)
Slide 19: Summary
Dr. Yoav Zeif CEO Summary ▪ Acknowledge and thank our global team whose professionalism, dedication and hard work continues to drive strong customer engagement and excitement for our solutions ▪ Resounding message from our key customers, many of whom I have met over the past months, is that the incr
Slide 20: Thank You
THANK YOU Make additive work for you
Slide 21: Appendix
Appendix Three Months Ended December 31, 2024 Three Months Ended December 31, 2023 GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP Gross Profit (1) $ 69,689 $ 4,866 $ 74,555 $ 69,758 $ 6,565 $ 76,323 Operating income (loss) (1,2) (9,700) 19,144 9,444 5,674 (3,659) 2,015 Net income (loss) (1,2,3)
Slide 22: Appendix - Reconciliation of GAAP Net Loss to Adjusted EBITDA
Appendix - Reconciliation of GAAP Net Loss to Adjusted EBITDA Three Months Ended December 31, 2024 2023 Net loss $ (41,943) $ (14,956) Financial income, net (176) (846) Income tax expenses 653 637 Share in losses of associated companies 31,766 20,839 Depreciation expense 5,033 5,653 Amortization exp