Stratasys

Stratasys offers a range of additive manufacturing (AM) solutions including 3D printers, software, materials, and on-demand manufacturing services for aerospace, automotive, dental, medical, education, consumer goods, railway, government, and fashion industries. Stratasys printers, along with its software, can manufacture jigs, fixtures, and production parts and be used for rapid prototyping, composite tooling, package designing, and 3D printing, in a variety of colors. The company offers a range of printers including 1) the FDM series, which can print large scale parts of up to one meter long; 2) PolyJet series, which targets healthcare applications; 3) Stereolithography series, which can print parts with high surface quality; 4) P3 series, which uses programmable photopolymerization technology; and 5) SAF series that allows high volume printing with consistency. The printers are supported by GrabCAD, Connectivity, and Digital Anatomy software that helps to streamline workflows, integrate printers with smart factory infrastructure, and create anatomies for medical use cases respectively. Stratasys also offers around 80 types of rigid and flexible materials.

Stratasys acquired several other AM companies including software company Riven (2022), Xaar 3D (2021), RP Support (2021), Origin (2020), and Econolyst (2015) to expand its solutions. In September 2022, the company merged its subsidiary MakerBot with Ultimaker, a provider of 3D printing solutions backed by NPM Capital, to form a new entity named Ultimaker. Stratasys owns 46.5% of the combined entity. In April 2023, it acquired the additive manufacturing material business of Covestro, a German producer of a variety of polyurethane and polycarbonate-based raw materials. 

In November 2023, stratasys divested its Direct Manufacturing Metals operation in Texas for an undisclosed sum, allowing the company to focus on its core business. 

In March 2024, Stratasys acquired the technology portfolio Arevo, a provider of on-demand AM services that ceased its operations in 2023, for an undisclosed amount. The deal included patents in carbon fiber printing, localized laser melting, and roller compaction for Z-strength improvement, AI build monitoring and hardware design. The company leveraged the acquisition to extend the range of manufacturing applications of its FDM print systems.

Key customers and partnerships

Some of Stratasys’ prominent customers include Microsoft, General Atomics, Peugeot, Rocket Composites, and PepsiCo. The company operates through a network of resellers in North America and Asia, with its HQ in Los Angeles. In February 2023, Stratasys, partnered with imaging and electronics company Ricoh USA and Axial3D to print anatomic models for medical use. 

Funding and financials

Stratasys is listed on the Nasdaq (SSYS) with total funding raised of USD 20.7 million, as of May 2022. During FY2022, the company recorded a revenue of USD 651.5 million, achieving a growth of 7.3% YoY. The company recorded an adjusted operating income of USD 13.5 million compared to an adjusted operating loss of USD 1.7 million in 2021 due to the execution of strict cost control measures. Stratasys guided revenue in 2023 to reach USD 620 million–630 million, implying a decline of 3.3%–4.8%.