EDEN PRAIRIE, Minn. & REHOVOT, Israel - Stratasys Ltd. (NASDAQ: NASDAQ:SSYS) has announced the launch of its new DentaJet™ XL 3D printer, aiming to enhance the productivity of digital dental labs and reduce their costs. The DentaJet XL joins the company's DentaJet series, offering larger resin cartridges and a large print tray, along with a Super High-Speed mode and a workflow that minimizes post-processing.
The DentaJet XL is designed for high-volume production with minimal human intervention, featuring advanced software for print preparation and management, unattended printing, and curing capabilities. This system is said to cut labor costs by up to 90 percent and reduce cost-per-part by up to 67 percent. The printer also supports dual-material printing and integrates with new post-processing workflows for support removal.
Early adopters of the DentaJet XL have reported significant improvements in their production workflows. For instance, Dobson Ortho Laboratories has seen substantial material and labor savings, while Airnivol in Europe has increased clear aligner production by nearly 50% without additional labor costs.
Stratasys, a leader in 3D printing solutions, provides technologies for various industries, including aerospace, automotive, consumer products, and healthcare. The company emphasizes its commitment to transforming product design, manufacturing, supply chains, and patient care with its offerings.
The DentaJet XL's notable production capabilities include producing up to 16 implant cases or 102 crown and bridge models in less than seven hours, and up to 36 aligner arches in just over two hours. These efficiencies are achieved through features like uninterrupted printing for large jobs, reduced print prep times, and efficient post-processing.
This information is based on a press release statement from Stratasys.
In other recent news, Stratasys, a leading firm in 3D printing technology, has been the subject of an adjusted price target by Craig-Hallum, which reduced its target to $14.00 from the previous $16.00.
This adjustment comes in the wake of the RAPID industry event and despite this, Craig-Hallum maintains a positive outlook with a Buy rating for Stratasys. The firm anticipates a revenue increase in the latter half of the year, primarily due to the expected impact of Stratasys' new product, the F3300.
Stratasys reported a slight decline in its first-quarter earnings for 2024, with consolidated earnings standing at $144.1 million, a 3.5% decrease from the same period the previous year. However, the company retained its full-year revenue guidance, expecting revenues to be between $630 million and $645 million.
The company also highlighted a record high in consumables recurring revenue and an expansion of gross margins to 44.4%. Stratasys introduced the F3300 printer and new SAF HighDef printing capabilities, alongside the promotion of Amir Kleiner to COO.
InvestingPro Insights
As Stratasys Ltd. (NASDAQ: SSYS) continues to innovate with the launch of its DentaJet™ XL 3D printer, the financial health and market performance of the company remain key factors for investors. Stratasys holds more cash than debt on its balance sheet, which is a positive sign for the company's financial stability. Additionally, while the company has not been profitable over the last twelve months, analysts predict that Stratasys will become profitable this year.
Looking at the real-time data, Stratasys has a market capitalization of 599.44 million USD, reflecting its current valuation in the market. The company's revenue for the last twelve months as of Q1 2024 stands at 622.27 million USD, with a gross profit margin of 44.63%, indicating a strong ability to generate profit from its sales. However, the revenue growth has slightly declined by 2.38% over the same period. These figures highlight the company's current financial performance amidst the challenges and opportunities it faces in the 3D printing industry.
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The recent product launch may serve as a catalyst for Stratasys, potentially impacting future financial metrics and stock performance. Investors and stakeholders can follow the company's progress and explore the in-depth analysis available on InvestingPro to stay informed about the potential investment opportunities with Stratasys.
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