● Stratasye Q4 2021
income
was $167 million, an increase of 17.3% from the fourth quarter of 2020.
● Fourth-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
● Fourth-quarter cash generated from operations of $4.4 million
● $502.2 million in cash and equivalents and no debt at the end of 2021
February 28, 2022 Polymer3D printingSolutions leader Stratasys Ltd. (Nasdaq: SSYS) today released fourth quarter and full year 2021 financial results. In the fourth quarter of 2021, Stratasys generated net income of $167 million, an increase of 17.3% from $142.4 million in 2020. Full-year 2021 revenue was $607 million, an increase of 16.7% from $520 million in 2020.
Dr. Yoav Zeif, CEO of Stratasys, said: “Our strong execution and performance in the fourth quarter was driven by growth across all technologies and geographies. Revenue grew by more than 17%, including a 26% increase in systems revenue, and we achieved three-year The highest system sales, helping us achieve positive operating cash flow for the sixth consecutive quarter.”
Dr Zeif continued: “In 2021, we built the necessary infrastructure to drive our company’s success in the years ahead through key acquisitions (Origin, RPS, Xaar 3D) and successful product launches. Vibrate and expand our entire polymer portfolio3D printingCombined, we strengthen our industry leadership. Many industries continue to embrace the benefits of additive manufacturing and incorporate it into large-scale component production, and Stratasys is at the forefront of this ongoing change.We have best-in-class products, an unparalleled sales network and support infrastructure, a strong balance sheet and the best 3D printing
talent
, and with a relentless focus on execution, we are well positioned to build on our momentum even further in 2022. Looking ahead, we are full of energy and anticipation for the future of Stratasys. “
Based on current market conditions and assuming that the impact of the COVID-19 pandemic or global supply chain costs will not further hinder economic activity, the company’s outlook for 2022 is as follows.
● Full-year revenue was $680 million to $695 million.
● Consecutive quarterly revenue growth.
● Revenue growth in the first quarter is expected to be a dozen times higher than the percentage in the first quarter of 2021.
● Based on current logistics and material costs, full-year gross margin is flat to slightly higher, with improved year-over-year growth in 2H22.
● Gross margin in Q1 is expected to be relatively flat compared to Q1 2021.
● The target is long-term gross profit margin exceeding 50%.
● Full-year operating expenses higher than 2021 by $20 million to $25 million primarily due to continued focus on new products
Invest
to drive higher incomes.
● Full year non-GAAP operations
profit
The rate was slightly higher than 2%, with a small loss in the first half of the year and a profit contribution in the second half of the year.
● Target long-term double-digit non-GAAP operating margin.
● GAAP net loss of $74 million to $67 million, or diluted earnings per share of ($1.11) to ($1.00).
● Non-GAAP net income of $10 million to $13 million, or $0.14 to $0.19 per diluted share.
● Adjusted EBITDA was $38 million to $41 million.
● Capital expenditures of $20 million to $25 million.
Stratasys is leading the global shift to additive manufacturing for
aviation
aerospace
,
car
consumer goods and
medical
Industries such as healthcare provide innovative 3D printing solutions.through smart and networked3D printerpolymer materials,
software
Ecosystems and on-demand parts, Stratasys solutions provide a competitive advantage at every stage of the product value chain. The world’s leading organizations turn to Stratasys to transform product design, bring agility to manufacturing and supply chains, and improve patient care.
(responsible editor: admin)
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