商业

Stratasys’ shares soar 14% after return to pre-COVID revenue levels in Q3 2021

Shares in the industrial 3D printer manufacturerStratasyshave risen 14% after the firm announced that it returned to pre-pandemic revenue levels during the third quarter of 2021.

As revealed in its latest financials, the company generated $159 million of revenue in Q3 2021, which is 24% more than the $128 million it brought in over Q3 2020, and flat against the $157 million reported in Q3 2019. This rapid recovery was driven by a 30% rise in the firm’s Products sales, which grew in tandem with a rapid扩展其3D打印机产品,,,,from $84 million in Q3 2020 to $109 million in Q3 2021.

Stratasys’ results have been well-received by investors, who sent its shares soaring after their publication. According to its CEO Yoav Zeif, the company’s acquisition-driven approach to broadening its portfolio, has also brought it to an “inflection point” at which it’s now able to offer clients bespoke alternatives, to replace many of the traditional manufacturing technologies they may still be using.

Z雷电竞充值eif在该公司的收益电话中对分析师说:“现在,添加剂制造对于在广泛的最终用途零件中生产可行。”“就在一年多以前,我制定了我们成为聚合物3D打印的首选战略,重点是我们最大的可寻址市场:制造业。在本季度,我们真正加快了该战略的执行。”

“我们在Stratasys进行的投资以及我们实施的战略计划正在稳步推动收入增长。”

使用Stratasys的F900 3D打印机的工程师。
Stratasys’ revenue growth was primarily driven by a rise in the sales of its machines, including the F900 (pictured). Photo via Stratasys.

Stratasys’ Q3 2021 results

During Q3 2021, Stratasys reported significant revenue growth across both its two main segments: Products and Services, with the former generating the majority of its takings. At $109 million, the division’s sales were $3 million higher than they were in the pre-COVID Q3 2019, which the firm’s CFO Lilach Payorski told analysts, was down to rising demand for theF370,,,,F770,,,,F900and newDentajet3D printers.

在一项特别有利可图的Q3交易中,该公司是由美国海军签约提供多达25台F900机器,用于创建最终用途零件,工具和培训辅助工具,从而获得2000万美元的收入。Stratasys的强大机器吸收还促使其易于收入在2020年第三季度至2021年之间增长了27%,并且由于利用率的增加,其辅助产品销售仅低于2019年水平1%。

The firm’s Service income also grew 14% from the $44 million generated in Q3 2020, to $50 million in Q3 2021, meaning that it just fell short of the $51 million reported during Q3 2019. Even so, Payorksi told the call’s participants that itsStratasys Directmanufacturing bureau “delivered more than was expected,” thanks to the “strong demand from medical” seen for anatomical models created by itsJ750 雷电竞app下载3D打印机

Stratasys收入($) Q3 2020 Q3 2021 Difference (%) Q3 2019 Q3 2021 Difference (%)
Products 84m 109m +30 106m 109m +3
服务 44m 50m +14 51m 50m -2
Total Revenue 128m 159m +24 157m 159m +1

第三季度扩展主导的增长

Following on from a Q2 in which itexceeded its own revenue guidance,,,,Stratasys’ results in Q3 represent its fourth straight quarter of annual growth. Much like its Q2 performance, the strong demand seen for its machines was largely driven by the wider array of 3D printers it now offers, with those it has developed in-house set to be supplemented by systems it has inherited via acquisitions imminently.

今年早些时候,Stratasys推出了新的J5 Medijet3D printer, a system capable of producing highly-accurate surgical guides and medical tooling, which no doubt boosted its income from healthcare users. In fact, Zeif told analysts on the earnings call that medical was now the firm’s “fastest-growing market,” with the likes ofRicoh 3Dleveraging its tech to create point of care hospital models across the U.S.

Likewise, having launched its newJ35 Pro和J55 Prime3D printers in June 2021, the company’s prototyping and research clientele will have driven its Q3 sales growth too, while its收购来源and接管XAAR3D,将看到它在不久的将来为其阵容增加了更多的新机器,但是直到2022年,它们才能带来巨大的销售。

Stratasys的H350 3D打印机。
据说对Stratasys的SAF驱动H350进行的β测试已经进展顺利,因为它已经找到了最终用途的应用程序。通过Stratasys的照片。

基于选择性吸收融合(SAF)技术,它与Xaar 3D子公司一起稳步开发H350 3D printeris already said to be making waves during beta testing. According to Zeif, the feedback from early adopters, many of which are service bureaus, “has been outstanding” and the machine is not only “producing end-use parts” but doing so “at a volume-scale.”

To complement its slew of new machines, Stratasys has also bolstered its software offering recently, withAMFG加入其合作伙伴计划,及其释放new ProtectAM data security platform。While the latter is specifically designed to cater for defense users, Zeif says that the company’s broader-than-ever software portfolio can help drive its ongoing machine sales growth in the quarters to come.

Zeif在Stratasys的收益电话中说:“ [将来]我们预计软件将成为我们收入和利润流的越来越多的一部分。”“在合作伙伴和客户的经常性软件许可订阅和SDK许可证的驱动下,这也是我们制造业务整体快速增长计划的关键部分。”

Stratasys Origin One 3D打印机。通过Stratasys的照片。
Stratasyssays it is still weighing up further inorganic growth opportunities, even after its acquisitions of Origin, RPS and Xaar 3D. Photo via Stratasys.

Stratasys“still in investment mode”

在结束语Stratasys公司的收益ll, Payorski and Zeif provided a cautious outlook on its continued growth prospects heading into Q4. Given that the firm is “carefully monitoring ongoing logistical and inflationary pricing” issues, Payorksi said it’s increasing production levels to ensure that customer supplies aren’t affected, meaning that its Q4 margins will be similar to those seen in Q3.

The company’s growth outlook for Q4 2021 is similarly conservative at 16%, while its operating expenses are due to rise to $36 million, due to the ongoing costs of running its acquired subsidiaries. Despite this, Payorski added that Stratasys has around $520 million in cash and equivalents, thus it is “still in investment mode,” and “constantly reviews opportunities that will accelerate its growth strategy.”

Adding to Payorski’s remarks, Zeif concluded that the firm’s acquisition-led approach has now granted it a solid platform for growth, which “provides customers with solutions for every step in the product life cycle,” and positions it well to achieve its stated goal of becoming the outright leader of the polymer additive manufacturing market.

“There is no single, comprehensive solution for every manufacturing application,” concluded Zeif. “Therefore, it is important to use the best technology for each specific manufacturing challenge. Only Stratasys provides the full range of best in class technologies for polymer 3D printing, offering our customers the ability to choose the best fit for their applications.”

“Our exceptional portfolio of hardware, materials, software platforms and partnerships together with industry-leading global experts sets us apart.”

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特色图像显示了使用Stratasys的F900 3D打印机的工程师。通过Stratasys的照片。