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EDEN PRAIRIE, Minn. - Stratasys Ltd. (NASDAQ: SSYS), a 3D printing solutions provider with a market capitalization of $898 million, has established a new North American Stratasys Tooling Center (NASTC) in Flint, Michigan, in partnership with Automation Intelligence, LLC, according to a company press release statement. According to InvestingPro data, the company maintains a strong liquidity position with current assets exceeding short-term obligations by a factor of 3.
The center, located at Automation Intelligence’s manufacturing site, aims to help manufacturers validate and implement additive manufacturing applications in production environments. The facility features Stratasys F3300 and F900 3D printers and focuses on tooling solutions including jigs, fixtures, end-of-arm tooling, and North American Automotive Metric Standards blocks. While the company reported revenue of $564 million in the last twelve months, analysts tracked by InvestingPro expect a return to profitability this year, with projected earnings per share of $0.32.
"This incubator for advanced manufacturing is designed to enable teams to iterate, validate and scale tooling applications - rapidly," said Fadi Abro, Director of Global Automotive & Mobility at Stratasys.
The NASTC will provide manufacturers with demonstrations of additive manufacturing within production ecosystems, evaluation of use cases, and support for customer tours and application-focused events.
Jeff McGarry, Managing Partner at Automation Intelligence, noted that the center offers manufacturers an environment to witness how additive tools can address challenges with "faster turnaround times, digital flexibility, and lower costs."
The center will also serve as a model for similar tooling hubs worldwide, according to the company. The initiative comes as manufacturers face increasing pressure to improve efficiency in their production processes.
Stratasys, which specializes in 3D printing solutions for industries including aerospace, automotive, and healthcare, aims to demonstrate how additive manufacturing can streamline operations and reduce costs through this new center.
In other recent news, Stratasys Ltd. reported its first-quarter 2025 earnings, revealing an earnings per share (EPS) of $0.04, which met analyst expectations. However, the company’s revenue came in at $136 million, slightly missing the forecast of $137.69 million. Despite this shortfall, Stratasys’ strategic initiatives and product launches have been highlighted as potential growth drivers. The company has maintained its EPS forecast for future quarters, showcasing confidence in its financial management. Stratasys has set a revenue forecast for the year between $570 million and $585 million, with expectations of sequential quarterly growth. The company continues to focus on industrial manufacturing and high-end market segments, aiming for an 8% EBITDA as part of its growth strategy. Stratasys recently closed a $120 million strategic investment from Fortissimo Capital, which has strengthened its financial position with $270 million in cash and equivalents. Analysts from firms like William Blair and Craig Hallum have shown interest in the company’s focus on consumables and strategic acquisitions, indicating a positive outlook for Stratasys’ future trajectory.
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