Company Market Research Report: Stratasys Ltd.
Company Overview
Name
Stratasys Ltd.
Mission
Stratasys develops industrial-grade additive solutions to help solve critical design and manufacturing challenges along the production cycle. They aim to push the boundaries of what’s possible and thrive in a changing world.
Founding
No information is available.
Key People
- Rich Garrity - Chief Industrial Business Officer
- Yonah Lloyd - CCO / VP of Investor Relations
Headquarters
7665 Commerce Way, Eden Prairie, MN 55344, United States
Number of Employees
Approximately 2,000 employees.
Revenue
- Total Revenue for FY 2023: $627.6M
Known For
Stratasys is a leader in the global shift to additive manufacturing with innovative 3D printing solutions for industries such as aerospace, automotive, consumer products, and healthcare. They are known for reimagining what’s possible in 3D printing by delivering competitive advantages at every stage in the product value chain.
Products
3D Printers
- PolyJet™ Printers: Produce smooth, precise multi-material parts including complex geometries, intricate details, full-color, transparencies, and flexibilities in a single model.
- Models: J55™ Prime, J35™ Pro, J826™ Prime, J8 Series, J850 Prime, J850™ Pro, J850™ Digital Anatomy™, J5 MediJet®, J850™ TechStyle™
- Stereolithography Printers: High-quality prototypes and parts with fine features and exceptional accuracy.
- FDM Printers: Produce robust, durable parts with diverse materials for multiple applications.
- P3™ DLP Printers: Fine feature detail, exceptional accuracy, and consistency.
- SAF™ Printers: Focus on volume production with cost-effective manufacturing and short lead times.
Materials
- Polyjet Materials: Vero Vivid Colors, RGD720, DraftWhite™, TissueMatrix, PolyJet Digital Materials.
- Stereolithography Materials: Somos WaterClear Ultra 10122, Somos GP Plus 14122.
- FDM Materials: FDM Nylon 12CF (Carbon Fiber), High Yield PA11.
- DLP Materials: P3™ Deflect™ 190 ESD, P3 Stretch IND475.
Software
- GrabCAD Print Pro: Supports high-performance end-use parts or prototypes with enhanced features such as Accuracy Center, Manufacturing Templates, 3rd Party Plugins, and Per-Part Estimation.
Key Features
- Nesting: Automates part arrangement to maximize build volume efficiency.
- Accuracy Center: Correct print defects automatically.
- Material Selection: Supports a wide array of materials for various applications.
- Collaborative Workflow: Improves team collaboration and efficiency.
3D Printed Parts
- Offers customized parts from prototypes to end-use parts supported by industrial AM fleets.
Recent Developments
New Products Launched
- DentaJet™ XL: Designed to transform production of high-quality models for crowns and bridges, implants, clear aligner arches, and surgical guides.
New Features Added to Existing Products
- FDM Visual Print Option: Combines aesthetics with durability.
- OpenAM Software: Enhances ROI, reduces costs, and expands application reach in industrial manufacturing.
Partnerships
- Siemens Healthineers: Partnered in a landmark research project to advance medical imaging.
- CollPlant: Announced a pre-clinical study for regenerative commercial-sized breast implants.
- AM Craft: Partnered to drive growth in 3D part manufacturing for aviation.
- BASF: Partnered to deliver new Polypropylene material for Stratasys SAF Technology.
HQ and Facility Moves
- Stratasys announced a move to the Minnetonka campus to enhance innovation and work environment.
Notable Areas of Use
- Aerospace: Lightweight, efficient, flight-ready parts.
- Automotive: Cost-effective customization and rapid prototyping.
- Medical and Dental: Accurate, patient-specific models and devices.
- Consumer Products: Fast, reliable product development.
Financial Performance
- Q2 2024 Revenue: $138.0M
- GAAP gross margin: 43.8%
- Non-GAAP gross margin: 49.0%
- Cash and Equivalents: $70.9M
Conclusion
Stratasys Ltd. continues to be an industry leader in the field of additive manufacturing with an extensive range of products and materials tailored to diverse industry applications. Their focus on innovation and strategic partnerships ensures continuous growth and the ability to meet evolving market needs.
Sources:
- Stratasys Official Website
- Stratasys Investor Relations