3-D printing firm Stratasys reports wider third-quarter loss

by:INDUSTRIAL-MAN     2019-10-01
Stratasys, a 3D printing company, released its third
But the results were better than analysts expected. For the three-
During the month, the company reported a net loss of $6.
6 million, 16 cents per share.
By contrast, $2 was lost.
The same period a year ago was 8 million, or 7 cents per share.
Revenue grew to $125. 6 million.
Eden Prairie in Minnesota
The company, which has built expensive printers for companies such as Boeing and General Motors for decades, recently bought rival MakerBot Industries for $0. 403 billion in stock to enter the emerging consumer market.
The deal is seen as another sign of emerging markets being able to print 3-
D. according to computerized design, objects are placed by depositing materials layer by layer.
David Reis, Stratasys ceo, said the company \"achieved strong growth across multiple product lines, addressing an ever-expanding range of applications.
\"We are particularly pleased that MakerBot has increased its contribution by $11.
\"During this period, revenue was 6 million,\" he said in a statement on Thursday . \".
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