Stratasys Ltd. (NASDAQ:SSYS) Q2 2021 Earnings Conference Call August 5, 2021 8:30 AM ET Company Participants Yonah Lloyd - CCO and VP, IR Yoav Zeif - CEO Lilach Payorski - CFO Conference Call Participants Shannon Cross - Cross Research Wamsi Mohan - Bank of America Brian Drab - William Blair Noelle Dilts - Stifel Paul Chung - JP Morgan Troy Jensen - Lake Street Capital Markets Jim Ricchiuti - Needham & Company Ananda Baruah - Loop Capital Greg Palm - Craig-Hallum Operator Hello and welcome to Stratasys' Q2 ...

Summary of Stratasys Ltd. Conference Call Company Overview - **Company**: Stratasys Ltd. (NASDAQ: SSYS) - **Market Cap**: $1.6 billion [2] - **Participants**: - Yoav Zeif - CEO - Lilach Payorski - CFO [1][3] Industry Insights - **Industry**: Additive Manufacturing (3D Printing) - **Current Trends**: Increased activity and interest in the 3D printing industry, with a notable shift from prototyping to production [4][8] - **Technological Evolution**: The additive manufacturing industry has significantly evolved over the past six years, with improvements in accuracy, quality, and cost-effectiveness [5][6] - **Supply Chain Resilience**: The pandemic highlighted the need for flexible and agile production methods, which additive manufacturing can provide [7] Company Strategy and Focus - **Focus on Polymers**: Stratasys is concentrating on the polymer 3D printing market, which is expected to represent 60-65% of overall market demand by 2025 [16][17] - **Technological Leadership**: The company has developed five technologies to address customer needs from prototyping to mass manufacturing [17] - **Recent Acquisitions**: - **Origin**: A DLP machine company that enhances Stratasys's capabilities in manufacturing [26][28] - **RPS**: Known for heavy-duty industrial SLA machines, expanding Stratasys's presence in the medical sector [30] Market Recovery and Growth - **Recovery Dynamics**: The recovery from the pandemic varies by region, with the U.S. recovering faster than Europe and Japan [13][14] - **End Market Performance**: The medical industry is recovering the fastest, followed by aerospace and automotive sectors [14] - **Sales Growth**: Stratasys reported a 41% increase in hardware sales in Q1, driven by a growing installed base [14] Product Innovations - **New Technologies**: Introduction of new systems aimed at manufacturing, expected to drive growth rates above 20% in the coming years [19][20] - **DentaJet and MetaJet**: New dental and medical 3D printers that enhance Stratasys's offerings in the healthcare sector [32][35] Financial Outlook - **Gross Margin Challenges**: The company anticipates continued gross margin headwinds due to global economic constraints and rising material costs [41][43] - **Capital Allocation**: Stratasys has a strong cash position with no debt, allowing for investments in product development and market expansion [45][46] - **Long-term Growth Strategy**: Emphasis on profitable growth through infrastructure scaling and leveraging innovative technologies [48] Key Takeaways - **Inflection Point**: The additive manufacturing industry is at a critical juncture, transitioning towards production capabilities [8] - **Customer Relationships**: Strong long-term relationships with major customers in aerospace and automotive sectors [37][39] - **Future Focus**: Stratasys aims to capitalize on its technological advancements and market position to drive profitable growth over the next three years and beyond [48]

Stratasys Ltd. (NASDAQ:SSYS) Q1 2021 Earnings Conference Call May 5, 2021 8:30 AM ET Company Participants Yonah Lloyd – Vice President Investor Relations Yoav Zeif – Chief Executive Officer Lilach Payorski – Chief Financial Officer Conference Call Participants Shannon Cross – Cross Research Troy Jensen – Lake Street Capital David Mizrahi – Berenberg Noelle Dilts – Stifel Greg Palm – Craig-Hallum Capital Group Brian Drab – William Blair Wamsi Mohan – Bank of America Ananda Baruah – Loop Capital Markets Opera ...

Stratasys Ltd. (NASDAQ:SSYS) Q4 2020 Results Earnings Conference Call March 1, 2021 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 Ananda Baruah - Loop Capital Markets James Ricchiuti - Needham & Company Noelle Dilts - Stifel Greg Palm - Craig Hallum Capital Group Wamsi Mohan - Bank of America Merrill Lynch Troy Jensen - Lake Street Cap ...

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 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 ...