Stratasys Ltd. Releases Q4 and Full Year 2015 Results

Stratasys Ltd. (NASDAQ:SSYS) has announced financial results for the fourth quarter and fiscal year 2015.
According to the press release:

Q4-2015 Financial Results Summary:

• Revenue for the fourth quarter of 2015 was $173.4 million.

• GAAP net loss for the fourth quarter was $232.3 million, or ($4.46) per diluted share, compared to a loss of $92.0 million, or ($1.81) per diluted share, for the same period last year.

• Non-GAAP net loss for the fourth quarter was $0.7 million, or ($0.01) per diluted share, compared to non-GAAP net income of $24.9 million, or $0.48 per diluted share, reported for the same period last year.

• The Company generated $7.7 million in cash from operations during the fourth quarter, and finished the year with approximately $258.2 million in cash and cash equivalents and short-term bank deposits.

• The Company invested a net amount of $22.2 million in R&D projects (non-GAAP basis) during the fourth quarter, representing 12.8% of net sales.

• Non-GAAP EBITDA for the fourth quarter amounted to a loss of $1.4 million.

• The Company sold 4,629 3D printing and additive manufacturing systems during the quarter, and on a pro-forma combined basis, has sold a total of 146,024 systems worldwide as of December 31, 2015.

• The Company completed the goodwill impairment analysis of all of its reporting units that began in the third quarter, and recognized an additional non-cash goodwill, and other intangible assets impairment charges of $104 million, net of tax.

• The Company also recorded a non-cash valuation allowance against its deferred tax assets in an amount of $95 million.

Click here to read the full press release.