2 months ago
On August 13, Stratasys (NASDAQ:SSYS) held its second-quarter earnings call, and the headline number was consumables revenue hitting a record $66.3 million. For a company trying to prove it has moved beyond selling prototyping machines into recurring, production-grade manufacturing, that record matters more than the top line itself. But underneath the record sat a cash flow warning that investors will want to weigh carefully.
Aerospace and defense is Stratasys's largest business, and it grew 17% year over year in the second quarter. Management pointed to expanding adoption across the U.S. Air Force, where the company's F900 system is certified for flightworthy production parts, describing the orders as increasing in volume across the Air Force's sustainment enterprise rather than one-time purchases. Once a part is qualified on a Stratasys platform, switching suppliers becomes costly, which is the basis for calling this demand structural. Stratasys Direct, the company's parts manufacturing arm, grew 12.1% year over year, fueled by defense technology customers building drones and munitions.
The quarter also delivered two large multiyear systems deals. Quickparts expanded its relationship with Stratasys by purchasing 12 Neo 800-plus systems on top of six units it already owned, with three of the new systems placed in Europe. FAW Group, one of China's largest auto manufacturers, signed for 12 F900 systems by year-end, with two shipped in the second quarter, adding to five F900s and eight other Stratasys machines it already runs to make interior parts like armrests and panels. Stratasys was also awarded a two-year, $7.8 million program through the 2026 America Makes OIB Modernization Challenge to develop monitoring technology for its F900 and F3300 platforms. Layered on top is the pending $42.5 million cash acquisition of MarkForged, whose continuous carbon fiber technology generated about $70 million in revenue in 2025 and which management expects to add positively to EBITDA within a year of closing.
System revenue fell to $26.4 million from $30.6 million a year earlier, meaning machine sales are shrinking even as the recurring materials business grows. Gross margin slipped too, with non-GAAP gross margin at 47.2% versus 47.7% a year ago, which the company attributed largely to a stronger Israeli shekel raising costs incurred in that currency. GAAP net loss widened slightly to $16.9 million, compared to $16.7 million a year ago, though GAAP loss per diluted share improved slightly to $0.19 from $0.20.
#stratasys #gaap
Aerospace and defense is Stratasys's largest business, and it grew 17% year over year in the second quarter. Management pointed to expanding adoption across the U.S. Air Force, where the company's F900 system is certified for flightworthy production parts, describing the orders as increasing in volume across the Air Force's sustainment enterprise rather than one-time purchases. Once a part is qualified on a Stratasys platform, switching suppliers becomes costly, which is the basis for calling this demand structural. Stratasys Direct, the company's parts manufacturing arm, grew 12.1% year over year, fueled by defense technology customers building drones and munitions.
The quarter also delivered two large multiyear systems deals. Quickparts expanded its relationship with Stratasys by purchasing 12 Neo 800-plus systems on top of six units it already owned, with three of the new systems placed in Europe. FAW Group, one of China's largest auto manufacturers, signed for 12 F900 systems by year-end, with two shipped in the second quarter, adding to five F900s and eight other Stratasys machines it already runs to make interior parts like armrests and panels. Stratasys was also awarded a two-year, $7.8 million program through the 2026 America Makes OIB Modernization Challenge to develop monitoring technology for its F900 and F3300 platforms. Layered on top is the pending $42.5 million cash acquisition of MarkForged, whose continuous carbon fiber technology generated about $70 million in revenue in 2025 and which management expects to add positively to EBITDA within a year of closing.
System revenue fell to $26.4 million from $30.6 million a year earlier, meaning machine sales are shrinking even as the recurring materials business grows. Gross margin slipped too, with non-GAAP gross margin at 47.2% versus 47.7% a year ago, which the company attributed largely to a stronger Israeli shekel raising costs incurred in that currency. GAAP net loss widened slightly to $16.9 million, compared to $16.7 million a year ago, though GAAP loss per diluted share improved slightly to $0.19 from $0.20.
#stratasys #gaap
4 months ago
Nano Dimension Ltd. (NASDAQ:NNDM) is one of the 8 High Growth Penny Stocks to Buy.
On June 15, 2026, Nano Dimension Ltd. (NASDAQ:NNDM) entered into a non-binding term sheet for a proposed business combination with Infinite Epigenetics. The proposed transaction contemplates Nano Dimension, or a successor publicly traded company, acquiring 100% of Infinite Epigenetics through a merger, consolidation, or another structure to be agreed by the parties. If completed, the combined company is expected to operate under the Infinite Epigenetics name and continue trading on the Nasdaq Capital Market under the proposed ticker symbol (IEAI). Existing Nano Dimension shareholders are expected to retain a minority ownership interest based on a stated value for Nano shares reflecting a 20% premium to Nano Dimension's estimated net cash at closing, subject to final negotiation and a definitive agreement. The parties expect the combined company to have over $400M in cash at closing. Pre-combination Nano Dimension shareholders would also receive a contingent value right tied to certain net proceeds, if any, from the disposition of Nano legacy ******* ets after closing. The term sheet includes a 30-day mutual exclusivity period for confirmatory due diligence and finalization of a definitive merger agreement. Matthew Dawson, co-founder and CEO of Infinite Epigenetics, is expected to serve as CEO of the combined company.
Last month, Stratasys announced a definitive agreement to acquire MarkForged, a wholly owned subsidiary of Nano Dimension, in an all-cash transaction valued at $42.5M, subject to customary adjustments. In 2025, Markforged generated approximately $70M in revenue, including its Metal Binder Jetting product line, which Nano Dimension will retain. The transaction is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
Nano Dimension Ltd. (NASDAQ:NNDM) provides industrial manufacturing solutions for design-to-manufacturing of electronics and mechanical parts in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
While we acknowledge the potential of NNDM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
On June 15, 2026, Nano Dimension Ltd. (NASDAQ:NNDM) entered into a non-binding term sheet for a proposed business combination with Infinite Epigenetics. The proposed transaction contemplates Nano Dimension, or a successor publicly traded company, acquiring 100% of Infinite Epigenetics through a merger, consolidation, or another structure to be agreed by the parties. If completed, the combined company is expected to operate under the Infinite Epigenetics name and continue trading on the Nasdaq Capital Market under the proposed ticker symbol (IEAI). Existing Nano Dimension shareholders are expected to retain a minority ownership interest based on a stated value for Nano shares reflecting a 20% premium to Nano Dimension's estimated net cash at closing, subject to final negotiation and a definitive agreement. The parties expect the combined company to have over $400M in cash at closing. Pre-combination Nano Dimension shareholders would also receive a contingent value right tied to certain net proceeds, if any, from the disposition of Nano legacy ******* ets after closing. The term sheet includes a 30-day mutual exclusivity period for confirmatory due diligence and finalization of a definitive merger agreement. Matthew Dawson, co-founder and CEO of Infinite Epigenetics, is expected to serve as CEO of the combined company.
Last month, Stratasys announced a definitive agreement to acquire MarkForged, a wholly owned subsidiary of Nano Dimension, in an all-cash transaction valued at $42.5M, subject to customary adjustments. In 2025, Markforged generated approximately $70M in revenue, including its Metal Binder Jetting product line, which Nano Dimension will retain. The transaction is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.
Nano Dimension Ltd. (NASDAQ:NNDM) provides industrial manufacturing solutions for design-to-manufacturing of electronics and mechanical parts in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
While we acknowledge the potential of NNDM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
