Summary (from the latest annual and quarterly report – 2018)
- Total equity: 1.12 billion USD
- Market Cap is 936 million USD ( the last price of the stock is 17.41 USD)
- Stratasys Ltd. is a provider of additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products and for the direct manufacture of end parts. The Company's solutions include products ranging from entry-level desktop 3D printers to systems for rapid prototyping (RP) and production systems for direct digital manufacturing (DDM)
- Total equity has decreased from 1.13 billion USD in 2016 to 1.12 billion in 2018
- The company has 349 million USD in cash on account
- Total equity – cash on account = 1.12 billion USD – 349 million USD = 771 million USD
- In 2018 the company has 23 million USD long-term debt, short – term debt is 5 million USD (In 2016 total debt was 26 million USD)
- Company's revenue has increased in the latest annual report to 668 million USD from 672 million in 2016
- Net loss in 2017 was 40 million USD, net loss in 2016 was 77 million USD
Opinion about the company
Fundamentally it is a not good company (the company operates with loss, ROE is negative (around -3 % ), total debt is 28 million USD)
Stratasys Ltd. is a leading global provider of applied additive technology solutions for industries including aerospace, automotive, healthcare, consumer products and education. Along with the manufacturing vertical, SSYS is the biggest player in consumer 3D printing. I believe there are opportunities for the company's R&D efforts to provide value across business segments and for 3D printing applications to continue opening up over the years.
The Company's solutions include products ranging from entry-level desktop 3D printers to systems for rapid prototyping (RP) and production systems for direct digital manufacturing (DDM). Stratasys was founded in 1989, by S. Scott Crump and his wife Lisa Crump in Eden Prairie, Minnesota. The idea for the technology came to Crump in 1988 when he decided to make a toy frog for his young daughter using a glue gun loaded with a mixture of polyethylene and candle wax. He thought of creating the shape layer by layer and of a way to automate the process. In April 1992, Stratasys sold its first product, the 3D Modeler.
Stratasys has offices in Brazil, China, Germany, Hong Kong, Israel, Japan, Korea, India, Mexico, Switzerland, the United Kingdom and the United States, and organize its operations by geographic region, focusing upon the following key regions: the Americas; Europe and Asia Pacific. Its products are distributed in each of these regions, as well as in other parts of the world. It is important to say that more than 60% of its 2017 sales were made in North America.
2017 Financial Highlights
- In 2017 revenues decreased by $4.1 million, or 0.6%, compared to 2016. The decrease primarily reflects a decrease in systems revenues, which was partially offset by an increase in consumables revenues
- Operating expenses decreased by $50.7 million, or 12.6% compared to 2016. The decrease primarily reflects our focus on achieving greater operating efficiencies in our selling, general and administrative expenses
- Net loss attributable to Stratasys amounted to $40.0 million in 2017 or diluted loss per share of $0.75 compared to net loss attributable to Stratasys of $77.2 million or diluted loss per share of $1.48 in 2016
Stratasys Ltd standalone subsidiaries and acquisitions are :
- Objet Geometries Inc - Objet is one of the brands of Stratasys, a maker of 3D printers. The brand began with Objet Geometries Ltd, a corporation engaged in the design, development, and manufacture of photopolymer 3D printing systems. On April 16, 2012 Objet announced that it agreed to merge with Stratasys, a leading manufacturer of 3D printers; in an all-stock transaction. Stratasys shareholders were expected to own 55 percent and Objet shareholders were expected to own 45 percent of the combined company. - Worth 200 million USD
- GrabCAD - an Estonian startup founded by Hardi Meybaum and backed by a business angel Marek Kiisa as the first investor, got acquired by 3D printing giant Stratasys for an estimated 100 million USD
- MakerBot Industries - On June 19, 2013, Stratasys Incorporated announced that it had acquired MakerBot in a stock deal worth 403 million USD
- Solidscape, Inc - Stratasys has acquired Solidscape, Inc. for 38 million USD plus certain purchase price adjustments in 2011
- In the last several years Stratasys had several smaller acquisitions (Harvest Technologies, Interfacial Solutions, Econolyst, Technimold, Rapid Technologies & Consulting) worth around 60 million USD
Total =801 million USD