Improvement in Gross Margin
Adjusted gross margin expanded by 100 basis points to 49.2% for the year, reflecting continued focus on cost controls and operating efficiencies.
Strong Balance Sheet
Maintained a healthy balance sheet with $150.7 million in cash and equivalents and no debt, providing stability and options for growth.
Notable Customer Wins and Partnerships
Secured partnerships with major companies like ArcelorMittal and NASCAR, showcasing the versatility and effectiveness of Stratasys solutions in traditional manufacturing and automotive sectors.
Expansion in Material and Product Offerings
Launched new materials and products, including the Fortus FDC filament dryer, Polycarbonate ESD for electronics manufacturing, and expanded capabilities for Ultem 9085 material.
Growth in Manufacturing Revenue
Generated 36% of revenues from manufacturing, up from 34% in 2023 and over 25% in 2020, with expectations for continued growth in this segment.