{"id":68319,"date":"2019-07-29T12:55:39","date_gmt":"2019-07-29T04:55:39","guid":{"rendered":"http:\/\/facfox.com\/news\/aerospace\/stratasys-posts-revenue-of-162m-for-q3-2018-adjusts-guidance-for-full-year.3dm"},"modified":"2019-07-29T12:55:39","modified_gmt":"2019-07-29T04:55:39","slug":"stratasys-posts-revenue-of-162m-for-q3-2018-adjusts-guidance-for-full-year","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/stratasys-posts-revenue-of-162m-for-q3-2018-adjusts-guidance-for-full-year\/","title":{"rendered":"Stratasys posts revenue of $162M for Q3 2018, adjusts guidance for full year"},"content":{"rendered":"<div id=\"dpsp-content-top\" class=\"dpsp-content-wrapper dpsp-shape-rectangular dpsp-size-medium dpsp-has-spacing dpsp-has-buttons-count dpsp-show-on-mobile dpsp-button-style-1\">\n<div class=\"dpsp-total-share-wrapper\"><span class=\"dpsp-total-share-count\">18<\/span><span>shares<\/span><\/div>\n<ul class=\"dpsp-networks-btns-wrapper dpsp-networks-btns-content dpsp-networks-btns-share dpsp-column-auto\">\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">18<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><span class=\"dpsp-network-count\">0<\/span><\/span><\/li>\n<li><span class=\"dpsp-network-icon\"><\/span><span class=\"dpsp-network-label-wrapper\"><\/span><\/li>\n<\/ul>\n<\/div>\n<p>Leading 3D printer manufacturer Stratasys, headquartered in Rehovot, Israel, has announced its financial results for the third quarter of 2018. Headline revenue for the quarter ended September 30, 2018, was $162 million, up 4% on the same quarter in 2017, which was $155.9 million.<\/p>\n<p>In light of this quarterly performance, and following the first nine months of 2018, the company has also chosen to update its guidance for the full year ended December 31, 2018.<\/p>\n<p>On a call with investors earlier today interim CEO <span style=\"font-weight: 400;\">Elan Jaglom fielded questions on topics including the forthcoming metal 3D printer, the impact of HP&#8217;s color 3D printing system and new technologies under development by Evolve Additive Solutions and Vulcan Labs, Inc.<\/span><\/p>\n<p>Regarding HP, Jaglom said, &#8220;<span style=\"font-weight: 400;\">Happy to hear HP is following us and going into color. [..] <\/span><span style=\"font-weight: 400;\">I am not concerned about it, I am happy other competitors are following.&#8221;<\/span><\/p>\n<p>Analysts also pressed the company on plans for &#8220;t<span style=\"font-weight: 400;\">aking the fight to HP&#8221; specifically in regard to what one participant described as an attempt by HP, &#8220;to freeze the market&#8221; with the earlier announcement of Multi Jet Fusion and more recently the HP Metal Jet. <\/span><\/p>\n<p>Investors were told to expect more details about the Stratasys metal system at Formnext, with few details other than that the system is a &#8220;unique technology&#8221; and very suitable for production.<\/p>\n<figure id=\"attachment_140324\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-large wp-image-140324\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/09\/Stratasys-demonstrated-carbon-fiber-3D-printing-for-Team-Penske-at-IMTS-2018.-Photo-by-Michael-Petch.-1024x768.jpg\" alt=\"Stratasys demonstrated carbon fiber 3D printing for Team Penske at IMTS 2018. Photo by Michael Petch.\" width=\"1024\" height=\"768\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/09\/Stratasys-demonstrated-carbon-fiber-3D-printing-for-Team-Penske-at-IMTS-2018.-Photo-by-Michael-Petch.-1024x768.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/09\/Stratasys-demonstrated-carbon-fiber-3D-printing-for-Team-Penske-at-IMTS-2018.-Photo-by-Michael-Petch.-770x577.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/09\/Stratasys-demonstrated-carbon-fiber-3D-printing-for-Team-Penske-at-IMTS-2018.-Photo-by-Michael-Petch.-200x150.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/09\/Stratasys-demonstrated-carbon-fiber-3D-printing-for-Team-Penske-at-IMTS-2018.-Photo-by-Michael-Petch.-500x375.jpg 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/09\/Stratasys-demonstrated-carbon-fiber-3D-printing-for-Team-Penske-at-IMTS-2018.-Photo-by-Michael-Petch..jpg 1198w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">Stratasys demonstrated carbon fiber 3D printing for Team Penske at IMTS 2018. Photo by Michael Petch.<\/figcaption><\/figure>\n<p><strong>Stratasys Products and Services revenue <\/strong><\/p>\n<p>Stratasys revenue is reported by the company in two segments: Products, i.e. 3D printers, materials and software, and Services, encompassing On Demand Manufacturing and consultancy.<\/p>\n<p>As in previous quarters, Products continue to be the dominant segment for sales at Stratasys. In Q3 2018, revenue for Stratasys Products was $109.6 million, up 1.15% on the $108.4 million in net sales for the same period in 2017.<\/p>\n<p>On the other hand, net sales for Services in Q3 2018 was reported at $52.4 million, a 10.40% variance on Q3 2017 which was $47.5 million.<\/p>\n<table dir=\"ltr\" style=\"height: 118px;\" border=\"1\" width=\"640\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Revenues&quot;}\"><strong>Revenues<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q3 FY2018&quot;}\"><strong>Q3 FY2018<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q3 FY 2017&quot;}\"><strong>Q3 FY 2017<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Variance \u00a3 millions&quot;}\"><strong>Variance \u00a3 millions<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;%&quot;}\"><strong>%<\/strong><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Products&quot;}\">Products<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:109647}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">109,647<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:108401}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">108,401<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:1246}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">1,246<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.011494358908128154}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">1.15%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Services&quot;}\">Services<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:52402}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">52,402<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:47466}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">47,466<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:4936}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">4,936<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.10399022458180593}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">10.40%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Total&quot;}\">Total<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:162049}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[-2]C[0]+R[-1]C[0]\">162,049<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:155867}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[-2]C[0]+R[-1]C[0]\">155,867<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:6182}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">6,182<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.03966201954230209}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">3.97%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>For the nine months ended September 30, 2018, the accumulated revenue for Products was $332 million, a decrease on the same period in 2017 which was $344.5 million.<\/p>\n<p>Revenue from Services however managed to close the gap between the first nine months of 2017 and 2018. For the nine months ended September 30, 2018, Services revenue was $154.1 million, up from $144.5 million for the same period in 2017. As a result, revenue for the first nine months of 2018 totals $486.1 million, compared to $489 million for the same period in 2017.<\/p>\n<table dir=\"ltr\" style=\"height: 128px;\" border=\"1\" width=\"635\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"130\" \/>\n<col width=\"134\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Revenues&quot;}\"><strong>Revenues<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;First 9 mnths 2018&quot;}\"><strong>First 9 mnths. 2018<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;First 9 mnths. 2017&quot;}\"><strong>First 9 mnths. 2017<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Variance \u00a3 millions&quot;}\"><strong>Variance \u00a3 millions<\/strong><\/td>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;%&quot;}\"><strong>%<\/strong><\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Products&quot;}\">Products<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:331967}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">331,967<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:344509}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">344,509<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-12542}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">-12,542<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.0364054349813793}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">-3.64%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Services&quot;}\">Services<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:154151}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">154,151<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:144510}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\">144,510<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:9641}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">9,641<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.06671510622102277}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">6.67%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Total&quot;}\">Total<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:486118}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[-2]C[0]+R[-1]C[0]\">486,118<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:489019}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[-2]C[0]+R[-1]C[0]\">489,019<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-2901}\" data-sheets-numberformat=\"[null,2,&quot;#,##0&quot;,1]\" data-sheets-formula=\"=R[0]C[-2]-R[0]C[-1]\">-2,901<\/td>\n<td data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.005932284839648357}\" data-sheets-numberformat=\"[null,3,&quot;0.00%&quot;,1]\" data-sheets-formula=\"=(R[0]C[-3]-R[0]C[-2])\/R[0]C[-2]\">-0.59%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div><\/div>\n<div>In terms of longer trends, the results show a steady decline over a 5 year period. However, if the results from 2014 are excluded from the analysis below then the picture appears more positive.<\/div>\n<div>\n<figure id=\"attachment_142562\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-large wp-image-142562\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/Stratasys-net-sales-by-products-and-services.-Chart-by-3D-Printing-Industry.-1024x542.png\" alt=\"Stratasys net sales by products and services. Chart by <a href=\"> Industry.&#8221; width=&#8221;1024&#8243; height=&#8221;542&#8243; srcset=&#8221;https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/Stratasys-net-sales-by-products-and-services.-Chart-by-3D-Printing-Industry.-1024&#215;542.png 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/Stratasys-net-sales-by-products-and-services.-Chart-by-3D-Printing-Industry.-770&#215;407.png 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/Stratasys-net-sales-by-products-and-services.-Chart-by-3D-Printing-Industry.-200&#215;106.png 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/Stratasys-net-sales-by-products-and-services.-Chart-by-3D-Printing-Industry.-500&#215;265.png 500w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/11\/Stratasys-net-sales-by-products-and-services.-Chart-by-3D-Printing-Industry..png 1117w&#8221; sizes=&#8221;(max-width: 1024px) 100vw, 1024px&#8221; \/><figcaption class=\"wp-caption-text\">Stratasys net sales by products and services. Chart by  Industry.<\/figcaption><\/figure>\n<\/div>\n<div><\/div>\n<p><strong>Stratasys guidance update for FY 2018<\/strong><\/p>\n<p>In summary of the remaining results, the GAAP gross margin for Stratasys in Q3 2018 was 48.7%, compared to 48.3% for the same period last year. GAAP net loss for the quarter was $0.7 million, equating to $0.01 per diluted share, compared to a net loss of $10.2 million for the same three months in 2017, or $0.19 per diluted share.<\/p>\n<p>Further for Q3 2018, the company increased in GAAP R&amp;D expenses by 18.5% compared to the same period in 2017, to $25.8 million. The company ends the period with $348.9 million in cash and cash equivalents.<\/p>\n<p>In light of the first nine months of FY2018, the company has updated its revenue guidance for year end 2018 to between $670 and $680 million. The projected revenue for end of year 2018 was previously set at a guidance between $670 million and $700 million.<\/p>\n<p><strong>Customer engagement remains &#8220;encouraging&#8221;<\/strong><\/p>\n<p>Commenting on Q3 2018&#8217;s results Elchanan (Elan) Jaglom, Interim Chief Executive Officer of Stratasys following Ilan Levin&#8217;s resignation in June 2018, says, &#8220;We are pleased with our results this quarter, reflecting continued strength in our high-end systems orders, utilization rates and our parts services business.&#8221;<\/p>\n<p>Citing the company&#8217;s presentation of its new carbon fiber 3D printing capabilities at IMTS 2018, and an ongoing partnership with American sports car racing Team Penske, Jaglom continues, &#8220;The level of engagement we are experiencing with customers in our key verticals is encouraging,&#8221;<\/p>\n<blockquote>\n<p>&#8220;[&#8230;] And we are excited about the innovation we plan to bring to market to drive incremental, long-term opportunities, as we continue to invest in new products and materials across our portfolio of FDM and PolyJet technologies, our new metal additive manufacturing platform, and advanced composite materials.&#8221;<\/p>\n<\/blockquote>\n<p>David Reis, Vice Chairman, also highlighted a number of end-use applications for Stratasys technology.<\/p>\n<table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">&#8220;FedEx, who are developing efficiencies in their supply chain as they work to deploy additive manufacturing facilities closer to customers as part of their FedEx Forward Depots service offering;<\/span><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">SSL, an aerospace customer using our FDM technology for rapid-response, customized, high-temperature lay-up tooling that previously would have been done with CNC;<\/span><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Lockheed Martin, leveraging our new Antero PEKK advanced thermoplastic to create highly repeatable parts that meet the strict mechanical, functional, and dimensional requirements for space travel; and,<\/span><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Penske\u2019s NASCAR division, showing multiple 3D printed end-use parts that their production managers can create in a single day, compared to multiple days using traditional machining methods.&#8221;<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Full Stratasys Third Quarter 2018 Financial Results can be viewed online here.<\/p>\n<figure id=\"attachment_132726\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-large wp-image-132726\" src=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/IMG_9304-1024x768.jpg\" alt=\"Metal 3D printed sample by Stratasys. Photo by Beau Jackson\" width=\"1024\" height=\"768\" srcset=\"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/IMG_9304-1024x768.jpg 1024w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/IMG_9304-770x578.jpg 770w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/IMG_9304-200x150.jpg 200w, https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/04\/IMG_9304-500x375.jpg 500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-caption-text\">A metal 3D printed sample by Stratasys. Photo by Beau Jackson<\/figcaption><\/figure>\n<p><em>Stay up to date with 3D printing financials this season, subscribe to the <a href=\"\/service\/3d-printing\"> Industry newsletter<\/a>, follow us on <a href=\"https:\/\/twitter.com\/3dprintindustry\">Twitter<\/a> and like us on <a href=\"https:\/\/www.facebook.com\/3dPrintingIndustry\/\">Facebook<\/a>.<\/em><\/p>\n<p><em>Make your profile on <a href=\"\/service\/3d-printing\"> Jobs<\/a> to apply for your next career move, or <a href=\"https:\/\/jobs.3dprintingindustry.com\/products\">advertise<\/a> to find experts in your area now.<\/em><\/p>\n<p><em>Featured image shows 3D printed bespoke fixtures made on the Stratasys F900. Photo via Stratasys.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>18shares 18 0 0 Leading 3D printer manufacturer Stratasys, headquartered in Rehovot, Israel, has announced its financial results for the third quarter of 2018. Headline revenue for the quarter ended September 30, 2018, was $162 million, up 4% on the same quarter in 2017, which was $155.9 million. In light of this quarterly performance, and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":182468,"comment_status":"open","ping_status":"close","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/3dprintingindustry.com\/wp-content\/uploads\/2018\/09\/Stratasys-demonstrated-carbon-fiber-3D-printing-for-Team-Penske-at-IMTS-2018.-Photo-by-Michael-Petch.-1024x768.jpg","fifu_image_alt":"","footnotes":""},"categories":[53],"tags":[169,170,64,173,158],"class_list":["post-68319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerospace","tag-3dprint","tag-3dprinting","tag-aerospace","tag-business","tag-space"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - 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