
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]