Stratasys release full year 2016 financial results, and report 11% growth in Q4

Additive manufacturing company Stratasys Ltd. (NASDAQ:SSYS), headquartered in Israel, has announced financial results for the full year and final quarter of 2016.

Revenue for Q4 is $175.3 million, compared to $173.4 million for the same period in 2015. For operations in 2016, the company generated a total of $62.0 million in cash, $26 million of which was generated in Q4.

The company ends 2016 with $280.3 million in cash and cash equivalents. Stratasys made a GAAP net loss of $77.2 million ($1.48 per diluted share), compared to $1.4 billion, ($26.64 per diluted share) in fiscal 2015. The full table of Consolidated Statements of Operations can be viewed at the end of this article.

New releases and industrial agreements

In October 2016, the company announced that French aviation company Airbus (FRA:AIR) standardized on the use of 3D printed ULTEM™ 9085 parts for its A350 XWB aircrafts.

A 3D printed ULTEM air duct. Photo by Michael Petch
A 3D printed ULTEM air duct. Photo by Michael Petch

In November, Stratasys launched GrabCAD print. Free-to-download, the platform is aimed to streamline design and simulate the 3D print process of models.

Looking towards 2017 Ilan Levin, Chief Executive Officer of Stratasys, comments,

Our focus is on developing enhanced products and a more robust ecosystem, supported by collaborations with industry leaders, including Siemens, Boeing, Airbus, Ford, McLaren Racing, and Team Penske. We are proud of these achievements and see them as validation of our leadership position.

So far for 2017, Stratasys have released the F123 series of FFF 3D printers, and a carbon fiber filament capable of replacing metal for rapid prototyping purposes. It has also signed a four year agreement with McClaren Formula 1 cars.

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Stratasys' Consolidated Statements of Operations. Table via Stratasys Ltd.
Stratasys’ Consolidated Statements of Operations. Table via Stratasys Ltd.

Featured image: Success for 2016 include to Airbus’ standardization on Stratasys additive manufacturing solutions for theA350 XWB aircraft supply chain. Photo by Johannes Knapp