Mar 3, 2016 | By Kira

Stratasys today released its long-anticipated fourth quarter and full year 2015 financial results, sending stocks soaring despite the numbers actually showing further losses for the 3D printing giant. While this may seem counter-intuitive, consider that Stratasys Q3 2015 financial results revealed a staggering $938 million loss, and that consensus estimates were anticipating a loss of 12 cents per share of $168.31 million in revenue for Q4.  Proving those estimates wrong, Stratasys today reported a loss of just 1 cent per share on revenue of $173.36 million in the fourth quarter of 2015.

While that still means a GAAP net loss of $232.2 million for the period, and a net loss of $1.4 billion for the entire 2015 fiscal year, these higher-than-expected results have investors highly optimistic about Stratasys’ potential to turn those numbers around in the coming year. In fact, thanks to a strict and wide-reaching restructuring plan, the company is already expecting to bring its yearly revenue up from 2015’s $696 million to $700-$730 million in 2016.

This restructuring plan consisted of reducing its global workforce by nearly 10% during the fourth quarter, and initiating programs to reduce operating expenses and optimize manufacturing. Stratasys has also launched a series of new products in the past few months to help boost product sales, including the full-color Objet Connex3 3D printer, and the MakerBot Smart Extruder+. In all, the company managed to sell 4,629 3D printers and additive manufacturing systems during the fourth quarter alone.

“Our fourth quarter results reflect the impact of a market environment that is consistent with conditions we have observed throughout the year,” said David Reis, CEO of Stratasys. The company held a conference call this morning to discuss the financial results with shareholders. “Despite this challenging environment, we remain focused on our strategic initiatives. We are also making progress in optimizing our company’s cost structure and improving working capital management, and were satisfied to observe a favorable trend in operating expenses and positive cash flow from operations during the quarter.”

“Given the current environment, we recognize the importance of optimizing our cost structure and improving our financial performance, and have made those goals a priority for 2016,” he continued. “In addition, we are committed to developing the many growth opportunities we have identified, including MakerBot, as well as investing aggressively in initiatives to support long-term growth, such as software, corporate IT infrastructure, and vertical market development. We remain excited about our company’s future.”

All of this optimism, and of course, the all-important and revelatory numbers, have led to a surge in Stratasys stock (SSYS). The company’s shares surged over 11% during pre-market hours alone, and as of this writing, are up nearly 17%, trading at around $24.43. Demonstrating how closely tied the 3D printing industry is, 3D Systems (DDD) and Voxeljet (VJET) stocks have also jumped roughly 6% each.

While it remains to be seen how Stratasys ongoing restructuring plan will play out, today’s financial results, and the market’s response, are surely helping with its Q3 hangover. “We have entered a transformative new phase in our company’s development,” said Reis.  “Our goal is to maintain our leadership position in prototyping, while developing a solutions-based business model that targets key vertical markets and emerging applications for end-use parts. We believe our comprehensive new strategy will help grow our markets and is essential for maintaining our leadership position.”



Posted in 3D Printer Company



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