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November 4 , 2021 stratasys Stratasys Releases Third Quarter 2021 Financial Results • Revenue of $ 159.0 million • GAAP net loss of $ 18.1 million , or $ 0.28 per diluted share , and non - GAAP net income of $ 0.5 million , or $ 0.01 per diluted share • Generated $ 3.0 million of cash from operations • Secured two large , end - use part manufacturing contracts with the US Navy and a leading , global OEM • $ 519.9 million cash , cash equivalents and short - term deposits , and no debt at quarter end MINNEAPOLIS & REHOVOT , Israel -- ( BUSINESS WIRE ) -- Stratasys Ltd. ( NASDAQ : SSYS ) , a leader in polymer 3D printing solutions , today announced financial results for the third quarter of 2021 . Third Quarter 2021 Financial Results Summary Compared to Third Quarter 2020 : • Revenue of $ 159.0 million compared to $ 127.9 million . • GAAP gross margin was 42.9 % , compared to 38.9 % . • Non - GAAP gross margin was 48.2 % , compared to 46.8 % . • GAAP operating loss was $ 21.9 million , compared to an operating loss of $ 404.3 million . • Non - GAAP operating income was $ 1.8 million , compared to an operating loss of $ 1.0 million . • GAAP net loss was $ 18.1 million , or $ 0.28 per diluted share , compared to a net loss of $ 405.1 million , or $ 7.35 per diluted share . • Non - GAAP net income of $ 0.5 million , or $ 0.01 per diluted share , compared to a net loss of $ 3.0 million , or $ 0.05 per diluted share . • Adjusted EBITDA was $ 7.8 million , compared to $ 5.2 million . • Cash generated from operations of $ 3.0 million , compared to $ 2.6 million . Dr. Yoav Zeif , Stratasys ' Chief Executive Officer stated , “ We are at an inflection point for additive manufacturing . Industries appreciate the many benefits of our technologies and are increasingly adding 3D printing to their production plans , driving the shift from prototyping to mass production . Our third quarter was highlighted by revenue growth of 24.3 % and systems sales growth of 34.7 % year - over - year , with contributions across all regions and all business lines . We achieved a number of important manufacturing - focused milestones , including the securing of contracts with the US Navy and a major international OEM , specifically for end- use part production . ” Dr. Zeif continued , “ Our vision of becoming the first choice for polymer 3D printing solutions with a focus on manufacturing continues to progress . We are executing on that goal by leveraging our outstanding reputation for excellence in both technology and service to help