From: Paul (paulb@laserrepro.com)
Date: Fri Nov 01 2002 - 00:33:53 EET
Joe,
Let me know if you find any takers, they can take mine too!
Paul @ Laser Reproductions
----- Original Message -----
From: Joe Klausburn
To: rp-ml@rapid.lpt.fi
Sent: Thursday, October 31, 2002 10:46 AM
Subject: Re: Stratasys Records Super Quarter
Nice shameless self promotion. We know who Stratasys is and can all check your financial reports when interested.
If you would like to take my Stratasys machine off my hands I am all ears. I cannot afford to wait several days for parts any longer.
ChathamRes@aol.com wrote:
It looks like Stratasys is running on all cyinders.
See below:
Stratasys Reports Record 3rd Qtr. Revenues & Operating Profit
MINNEAPOLIS--(BUSINESS WIRE)--Oct. 30, 2002--
Results Significantly Exceed Plan
Stratasys, Inc. (Nasdaq:SSYS) today announced a significant milestone in the company's history by reporting record revenues for the third quarter ended September 30, 2002, the highest quarterly revenue and operating profit in the company's history.
Revenues for the third quarter rose to $12,028,475 compared with $9,703,008 in the third quarter of 2001. Net income for the third quarter grew significantly to $1,723,214, or $0.31 per share, compared with income of $979,667, or $0.18 per share, for the same period in 2001.
Revenues for e of our competitors systems sell for as high as $750,000, 25 times the price of the Dimension," Mr. Crump continued.
"Given our strong balance sheet, continued commitment to contain expenses, and three new, well-received product offerings, we have high expectations that we will meet or exceed our 2002 plan. We also plan for a successful 2003.
"The Company will not hold a quarterly conference call," Crump concluded.
Stratasys, Inc. is a manufacturer of rapid prototyping systems for automotive, aerospace, military, industrial equipment, recreation, electronic, medical, and consumer products OEM's. The Company's patented Fused Deposition Modeling (FDM) rapid prototyping process creates 3-dimensional plastic and wax prototype parts directly from 3-D CAD systems. The Company has over 88 pending and issued global RP patents. The Company can be reached at 14950 Martin Drive, Eden Prairie, Minnesota 55344-2020 and www.stratasys.com.
Except for the historical information herein, the matter; September 30, December 31,
2002 2001
(unaudited) (audited)
----------------------------------------------------------------------
ASSETS
Current assets
Cash and cash equivalents $11,769,650 $10,211,398
bsp; --------------------------
Total current assets 30,772,475 30,026,597
--------------------------
Property and equipment, net 5,766,638 6,006,529
--------------------------
4,966,830 5,918,219
--------------------------
; 3,886,670 3,736,284
Unearned maintenance revenue 4,359,835 4,510,751
--------------------------
Total current liabilities 8,336,296 8,432,349
&nbp; 64,683 61,333
Capital in excess of par value 34,752,884 32,943,974
Retained earning 3,313,745 1,797,606
Accumulated other comprehensive loss (64,583) (72,084)
Less cost of treasury stock, 1,167,737
shares in 2002 and 740,400 shares in
2001 (7,069,081) (3,427,816)
--------------------------
STRATASYS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
----------------------------------------------------------------------
Three Months Ended Nine Months Ended
September 30, Ssp; 11,069,358 11,052,528
----------------------- ------------------------
Gross profit 7,701,580 5,931,270 17,467,114 16,561,884
Costs and expenses
Research and
development 1,273,278 1,185,319 3,611,537 3,672,980
Selling, general
and
administrative 3,988,082 3,573,314 11,850,599 10,830,523
----------------------- ----------------nbsp; (44,051) (35,960) (135,313) (85,768)
Other (22,406) 91,051 133,582 (130,540)
----------------------- ------------------------
(30,132) 133,533 115,497 66,665
----------------------- ------------------------
Income (loss) before
income tasp; $0.32 $0.18 $0.28 $0.29
----------------------- ------------------------
Diluted $0.31 $0.18 $0.27 $0.29
----------------------- ------------------------
Weighted average
number of common
shares outstanding
Basic 5,326,904 5,470,107&sp; 20,634 983 13,507 (18,386)
----------------------- ------------------------
Comprehensive income $1,743,848 $980,650 $1,529,646 $1,575,408
----------------------- ------------------------
CONTACT:
Stratasys, Inc., Minneapolis
S. Scott Crump, 952/937-3000
or
Tom Stenoien, 952/937-3000
www.stratasys.com
SOURCE: Stratasys, Inc.
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