Stratasys sees growth picking up through 2021, 2022 in 3D printing, additive manufacturing

Stratasys' first quarter results were better than expected and the 3D printing company said it will invest in 2021 to drive revenue growth in 2022.

CEO Dr. Yoav said the Stratasys is positioning itself for additive manufacturing. Yoav said:

3D printing is migrating from being primarily a prototyping tool to providing full-scale, digital manufacturing platforms at mass production levels.

Specifically, Stratasys' outlook for the second quarter is projecting mid-teens percentage revenue growth. The company said that "revenue growth should accelerate in 2022 and beyond." Stratasys has been investing in moves to drive growth. 

• Stratasys launches 3 new 3D printers aimed at additive manufacturing
• Stratasys acquires 3D printing startup Origin for $100 million
• Stratasys outlines new technology to power its powder-bed 3D printers

For the first quarter, Stratasys reported revenue of $134.2 million with a net loss of $18.9 million, or 32 cents a share. Non-GAAP net loss was 6 cents a share. Wall Street was looking for a non-GAAP loss of 7 cents a share on revenue of $132.3 million.

Stratasys is competing with traditional rivals such as 3D Systems as well as startups that have recently gone public and focusing on additive manufacturing. Stratasys, however, has a strong balance sheet with $421.4 million in cash and equivalents, a solid installed base of 4,500 customers and no debt.

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