The Conversation (0)
Stratasys Ltd. (NASDAQ:SSYS) has announced financial results for the fourth quarter and fiscal year 2015.
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.