Business

Stratasysreleases financial results for FY and Q4 2019, experiences weaknesses in Europe and Asia

3D打印机OEMStratasys(NASDAQ: SSYS) has published its financial accounts for the fourth quarter and full year ending December 31, 2019.

据报道,该公司的全年收入为6.361亿美元,净亏损1110万美元。2018年的比较数字分别为6.632亿美元,亏损分别为1,120万美元。收入结果低于6.4亿至6.55亿美元的财务指导,Stratasys在2019年第三季度更新

据报道,2019年的第四季度收入为1.602亿美元,而2018年同期为1.771亿美元。Stratasys在第四季度使用了340万美元的现金,而去年第四季度产生的现金为1870万美元。该公司以3.218亿美元的现金,现金同等和短期存款结束,而2018年底为3.932亿美元。

Stratasys CFO Lilach Payorski归因于欧洲和亚洲的区域弱点,以及旧产品线的下降,尤其是公司产品部门的收入下降,尤其是在公司的产品部门内。However, this is expected to be offset by new the company’s new products for 2020: “The decrease in the period was driven primarily by regional weakness in Europe and Asia, coupled with some decline in materials associated with our legacy platforms, which we believe will be offset over time by strong growth in materials demand that will come from our new products, as well as from systems that we have placed over the last few years.”

“Our system revenue was negatively impacted primarily by continued macroeconomic weakness in Europe and Asia, as well as declines in certain legacy product lines that we expect will be more than offset by our new product introductions.”

A clear and colorful sample from the new Stratasys J850. Photo via Stratasys
A clear and colorful sample from the new Stratasys J850. Photo via Stratasys

Stratasys产品and Services

Stratasys的收入报告在两个部门中:产品和服务。每年,包括3D打印机和材料的产品部门占整体收入中最大的份额。2019年第四季度,Stratasys产品的收入为1.09亿美元,而2018年第四季度为1.245亿美元,降低了12.5%。整整一年,2019年的产品报告说4.3亿美元,而2018年为4.565亿美元,下降了5.6%。

Within the Products revenue, consumables revenue for Q4 2019 decreased by 2.9 percent compared to the same period last year. Revenue generated from 3D printers in Q4 2019 decreased 20.6 percent compared to the same period last year, whereas for the full year it declined by 10.8 percent.

Revenue 2019年第四季度 2018年第四季度 差异$数百万
产品 108,968 124,537 -15,569 -12.5%
服务 51,189 52,582 -1,393 -2.6%
全部的 160,157 177,119 -16,962 -9.6%

Stratasys的服务部门与公司的按需制造和咨询产品有关。在2019年全年,服务的收入为2.053亿美元,2018年为2.067亿美元。对于2019年第四季度,服务的收入为5120万美元,比2018年第四季度低2.6%,为5260万美元。

Revenue 2019财年 2018财年 差异$数百万
产品 430,746 456,504 -25,758 -5.6%
服务 205,334 206,733 -1,399 -0.7%
全部的 636,080 663,237 -27,157 -4.1%

For the fiscal year ending December 31, 2020, Stratasys has provided a revenue guidance of $620 million to $680 million. The long range of the guidance has been issued due to ongoing global industrial macroeconomic issues, and the uncertainty around the potential impact of the coronavirus.

Commenting on what’s next for the company, Yoav Zeif, Chief Executive Officer of Stratasys, explains: “Starting in the back half of this year we expect to introduce our next phase of growth with a notable step-change in our portfolio as we begin to launch a series of new products for both manufacturing and design prototyping solutions. I am extremely optimistic regarding the outlook of the business, and I believe that there is tremendous potential to drive significant near-term and long-term value for all of our stakeholders.”

What’s next for Stratasys?

Stratasys在整个2019年发布了许多产品,随着该公司进入2020年,该公司预计将推动并加速增长。该公司在去年的Amug会议上推出了两台3D打印机,其中包括F120系统, the latest addition to itsF123系列3D打印机。Stratasys还宣布了其进入SLA的进入V650 3D printeras well. Then, towards the back end of 2019, the company released two more 3D printers. It launched a version of itsJ750 3D printer dedicated to the medical industry, made for use by healthcare professionals. In the same month, Stratasys also released the successor to the J750 – theJ850 PolyJet 3D printer,升级以前的系统, equipped with full-color 3D printing capabilities.

The V650 Flex. Photo via Stratasys
The V650 Flex. Photo via Stratasys

Explaining why these product releases weren’t as impactful as Stratasys would have hoped, Yonah Lloyd, Vice President of Investor Relations, stated: “So certainly there was an impact of the more global macroeconomic situation in being able to more successfully execute on the 2019 products […] and sometimes launch timings get pushed out to make sure that we’re putting the best product out into the market.”

当询问2019年第四季度的弱点时,Payorski解释说:“ [Stratasys]在欧洲和亚洲遇到了巨大的弱点。特别是在我们操作的那些关键垂直行业中,也许是汽车和零件业务,有几个指标有更大的差异。例如,整个欧洲工业在制造业中连续12个月苦苦挣扎。”劳埃德(Lloyd)还补充说,该公司预计将获得增长的回报:“当宏观条件改善时,我们有能力恢复增长。提醒我们,我们在所有领域都有很高的参与和兴趣。产品提供了非凡的价值。这些将是未来汽车行业的关键产品,一般制造业将继续进行。”

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Featured image shows Pantone color palette for Stratasys PolyJet printers. Image via Stratasys.