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Stratasys Ltd. (SSYS) CEO Yoav Zeif Presents at 23rd Annual Needham Growth Conference (Transcript)
2021-01-14 21:40
Summary of Stratasys Ltd. Conference Call Company Overview - **Company**: Stratasys Ltd. (NASDAQ: SSYS) - **Industry**: 3-D Printing and Additive Manufacturing Key Points and Arguments Company Strategy and Market Position - Stratasys aims to lead in 3-D printing, focusing on execution in 2021 and transforming polymer manufacturing [3][5] - The company has the largest and broadest offering in 3-D polymers, with a strong global go-to-market infrastructure [4][5] - The 3-D printing market is experiencing double-digit growth, particularly in manufacturing [5] Technological Advancements - Stratasys offers multiple technologies including PolyJet for rapid prototyping and FDM for strong, accurate prints [6] - The acquisition of Origin is expected to generate up to $200 million in new annual revenues within five years, expanding into markets like dental and tooling [24][25] - The company is launching a new powder bed fusion product through a joint venture, further expanding its market reach [25] Market Trends and Customer Insights - The COVID-19 pandemic has highlighted vulnerabilities in supply chains, increasing the demand for agile manufacturing solutions like 3-D printing [8][9] - A survey by SME indicates that 3-D printing is a top investment priority for manufacturers post-COVID [9] - Stratasys is positioned to meet the needs of manufacturers looking for onshoring and rapid production capabilities [9][10] Customer Examples and Applications - General Motors has invested in a new additive industrialization center using Stratasys systems for manufacturing [12] - Bull Supersonic is utilizing Stratasys for prototyping and end-use parts in their supersonic passenger jet project [13] - Johns Hopkins Hospital employs Stratasys technology for creating bio-mechanically realistic models, improving surgical outcomes [13] Financial Performance and Outlook - Stratasys has a healthy balance sheet with over $300 million in cash and no debt, positioning it well for future growth [29] - The company expects to see continued sequential growth in Q4 following a recovery from the COVID slowdown [29] - The business model is designed to scale, with a focus on profitability through increased consumable sales as manufacturing usage grows [36] Competitive Positioning - Stratasys is recognized as the leader in polymer additive manufacturing, with the largest installed base and a comprehensive service offering [33] - The company emphasizes the importance of providing a full suite of solutions, including hardware, software, and materials, to meet customer needs [33][34] Innovation and Future Growth - Stratasys has invested $500 million in R&D and holds numerous patents, indicating strong potential for future innovation [37] - The company believes that its growth potential in the polymer market is underestimated, with significant profit opportunities ahead [38] Additional Important Insights - The company is focused on creating a smart and connected ecosystem for Industry 4.0, enhancing workflow and efficiency for customers [21][22] - Stratasys is expanding its software capabilities to integrate with existing business intelligence systems, further enhancing its value proposition [21][23] This summary encapsulates the key points discussed during the conference call, highlighting Stratasys's strategic direction, technological advancements, market trends, customer applications, financial outlook, competitive positioning, and innovation potential.
Stratasys(SSYS) - 2020 Q3 - Earnings Call Transcript
2020-11-12 22:48
Stratasys Ltd. (NASDAQ:SSYS) Q3 2020 Earnings Conference Call November 12, 2020 8:30 AM ET Company Participants Yonah Lloyd - Vice President of Investor Relations Yoav Zeif - Chief Executive Officer Lilach Payorski - Chief Financial Officer Conference Call Participants Shannon Cross - Cross Research Wamsi Mohan - Bank of America Merrill Lynch Greg Palm - Craig Hallum Kenneth Vallace - Berenberg James Ricchiuti - Needham & Company Brian Drab - William Blair Operator Greetings, and welcome to Stratasys Third ...
Stratasys(SSYS) - 2020 Q2 - Earnings Call Transcript
2020-08-05 19:41
Stratasys Ltd. (NASDAQ:SSYS) Q2 2020 Earnings Conference Call August 5, 2020 8:30 AM ET Company Participants Yonah Lloyd - VP, IR Yoav Zeif - CEO Lilach Payorski - CFO Conference Call Participants Ashley Ellis - Cross Research Ananda Baruah - Loop Capital Markets Paul Coster - JP Morgan Jim Ricchiuti - Needham & Company Brian Drab - William Blair Operator Greetings and welcome to Stratasys Second Quarter 2020 Financial Results Call. At this time, all participants are in a listen-only mode. A question-and-an ...
Stratasys(SSYS) - 2020 Q1 - Earnings Call Transcript
2020-05-14 19:27
Stratasys Ltd. (NASDAQ:SSYS) Q1 2020 Earnings Conference Call May 14, 2020 8:30 AM ET Company Participants Yonah Lloyd - VP, IR Yoav Zeif - CEO Lilach Payorski - CFO Conference Call Participants Greg Palm - Craig-Hallum Capital Group Troy Jensen - Piper Sandler Shannon Cross - Cross Research Wamsi Mohan - Bank of America, Merrill Lynch Brian Drab - William Blair Jim Ricchiuti - Needham & Company Ananda Baruah - Loop Capital Markets Operator Greetings. And welcome to Stratasys First Quarter 2020 Financial Re ...
Stratasys(SSYS) - 2020 Q1 - Earnings Call Presentation
2020-05-14 16:33
Financial Performance - Total revenue decreased by 144% from $1553 million in Q1 2019 to $1329 million in Q1 2020[20] - GAAP gross profit decreased from $765 million in Q1 2019 to $599 million in Q1 2020[20] - GAAP operating loss was $199 million in Q1 2020 compared to an operating loss of $33 million in Q1 2019[20] - GAAP net loss attributable to Stratasys Ltd was $217 million in Q1 2020 compared to a net loss of $23 million in Q1 2019[20] - Diluted EPS decreased from $(004) in Q1 2019 to $(040) in Q1 2020[20] COVID-19 Response and Actions - Stratasys formed a COVID-19 Coalition of approximately 150 companies[9] - The coalition shipped over 100000 face shields[9] - The CoVent-19 Challenge on GrabCAD received over 200 mechanical ventilator designs[13] - Stratasys entered into an Origin Nasal Swab Agreement, scaling to over 1 million swabs per week[14] Mitigation Measures - Implemented a global 4-day work week[16] - Instituted a non-essential hiring freeze and no merit increases[16] - Delayed additional new product launches to H1 2021[16] Balance Sheet - Cash, cash equivalents, and short-term deposits were $3255 million[7, 33]
Stratasys(SSYS) - 2019 Q4 - Earnings Call Transcript
2020-02-26 19:13
Financial Data and Key Metrics Changes - Total revenue in Q4 2019 was $160.2 million, a decrease from $177.1 million in Q4 2018, representing a 9.3% decline on a constant currency basis [11] - For the full year 2019, total revenue was $636.1 million, down from $663.2 million in 2018, a 3.1% decline on a constant currency basis [11] - GAAP net loss for Q4 2019 was $2.8 million, or $0.05 per diluted share, compared to a net income of $6.3 million, or $0.12 per diluted share in Q4 2018 [12] - Non-GAAP net income for Q4 2019 was $10 million, or $0.18 per diluted share, compared to $11.3 million, or $0.21 per diluted share in Q4 2018 [12] Business Line Data and Key Metrics Changes - Product revenue in Q4 2019 was $109 million, a decrease of 12.5% compared to Q4 2018 [13] - Service revenue in Q4 2019 was $51.2 million, a decrease of 2.6% compared to Q4 2018 [15] - Consumables revenue for Q4 2019 decreased by 2.9% compared to the same period last year [13] Market Data and Key Metrics Changes - The Americas region saw mid-single digit year-over-year growth for full year 2019, while Europe and Asia experienced macro weakness [11] - System revenue for Q4 2019 decreased by 20.6% compared to Q4 2018, primarily due to macroeconomic weakness in Europe and Asia [14] Company Strategy and Development Direction - The company plans to introduce a new phase of growth with a series of new products focused on manufacturing and design prototyping solutions [7] - There is an emphasis on increasing go-to-market spending to support new product launches in the second half of 2020 [7][19] - The company aims to expand its leadership in industrial manufacturing applications, particularly in automotive, aerospace, and healthcare [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the business outlook, citing a strong foundation for growth and the potential for significant value creation [8] - The company acknowledged ongoing macroeconomic challenges, particularly related to the coronavirus, which may impact operations and guidance for 2020 [20][40] Other Important Information - The company ended Q4 2019 with $321.8 million in cash, down from $347.1 million at the end of Q3 2019 [17] - Full year 2020 revenue guidance is set between $620 million to $680 million, with GAAP net loss projected between $30 million to $18 million [19] Q&A Session Summary Question: Can you talk about how your past experience will influence your role at Stratasys? - The new CEO highlighted his extensive experience in strategy and commercial aspects, emphasizing a focus on growth and leveraging the company's strong product portfolio [24] Question: What gives confidence in the recovery of product revenues? - Management indicated that new product launches in the second half of 2020 are expected to significantly impact revenue, with Q4 anticipated to be the strongest quarter [26][28] Question: How will the coronavirus impact your business? - Management noted that the coronavirus could significantly affect the automotive sector and supply chain, leading to a cautious outlook for Q1 2020 [40] Question: What are the key drivers of growth in the coming years? - The CEO emphasized the importance of manufacturing capabilities and the potential for new technologies to drive growth, particularly in the automotive sector [44] Question: Can you provide an update on your progress in the metal arena? - The company is deploying early machines for its Layered Powder Metallurgy solution, receiving positive feedback from initial deployments [38]
Stratasys(SSYS) - 2019 Q3 - Earnings Call Presentation
2019-11-14 19:27
1 Stratasys Q3 2019 Financial Results Conference Call November 13, 2019 2 Q3 2019 Conference call & webcast details Speakers • Elan Jaglom – Interim CEO • Lilach Payorski – CFO • Yonah Lloyd – VP, Investor Relations Live webcast and replay: https://edge.media-server.com/mmc/p/gt9wb79u Live dial-in information Primary dial-in: +1-866-394-5776 International dial-in: +1-409-350-3596 Participant passcode: 9983069 Forward looking statements The statements in this presentation regarding Stratasys' strategy, and t ...