Stratasys Reported Record Results for Q3 2013
11 November, 2013
Following these results, Stratasys updated its outlook and expect to reach $470 million to $490 million sales in 2013, versus earlier guidance of $455-$480 million
The 3D printers provider Stratasys Ltd. from Minneapolis (USA) and Rehovot (Israel), reported a record financial results in the thied quarter of 2013. The company’s sales reached $126.1 million in the quarter, compared to $90.9 million Stratasys and Objet pro forma combined revenue for the same period last year. This represent an increase of 39% of sales.
Following these results, the company updated its outlook and expect to reach $470 million to $490 million sales in 2013, versus earlier guidance of $455-$480 million.
“Organic revenue growth accelerated in the third quarter, due to synergies resulting from the merger of Stratasys and Objet,” said David Reis, chief executive officer of Stratasys. “With the completion of the MakerBot acquisition in the third quarter, Stratasys is now the clear leader in the desktop 3D printer category.” He said that MakerBot contribution has added $11.6 million in revenue during the period.
“Looking beyond 2013, we are well positioned to sustain our positive momentum as we accelerate our rate of new product introductions, and prepare to capitalize on additional inorganic growth opportunities.”