Stratasys, Ltd. is a manufacturer of 3D printers and 3D production systems for office-based rapid prototyping. Engineers use Stratasys systems to test complex geometries with a wide range of materials, including ABS, by modelling and printing the objects.
Stratasys was found in 1989 by S. Scott Crump and his wife Lisa Crump in Eden Prairie, Minnesota. Crump had the idea for the technology in 1988 when he decided to make a toy for his young daughter. It was a glue gun loaded with a mixture of polyethylene and candle wax. He then realized that he could create shapes layer by layer and automate the process.
In April 1992, Stratasys sold its first product and 18 years later Stratasys signed an agreement to produce HP branded 3D printers. Soon afterwards, HP revoked its manufacturing and distribution agreement to establish itself as a brand on the market. From 2018 they started being a real and competitor for Stratasys.
In 2014, Stratasys printed an electric car with fully 3D printed exterior panels and some interior parts. The development was a flagship projects took a year, and parts were constructed using their Object1000. In February 2016, Stratasys announced an investment in the Israeli company Massivit 3D Printing Technologies to promote and deploy Massivit 3D’s proprietary 3D printing solutions.
On June 19, 2013, MakerBot Industries that Stratasys will purchase them for $ 403 million. With this step, the company expanded its customer segment by moving into the private 3D printing market. Compared to 3D Systems, Stratasys has gained the knowledge and expertise for the private sector by buying Makerbot instead of building it up internally — and ultimately fail like 3D Systems.
As the hype and demand in the private market flattened, the focus once again shifted to institutional customer segments with higher quality products. Depending on the industry and application, Stratasys offers 3D printers, materials and services as well as software in a complete package (see picture).
It tries to build solutions depending on the application and industry:
- Prototyping (Idea Series)
- Production (small series)
- and dentistry
you can view the complete list of 3D printers on the Stratasys website.
In October 1994 Stratasys had its initial public offering on the NASDAQ. The company sold 1.38 million common shares at $ 5 per share and generated approximately $ 5.7 million in cash reserves. Twenty-four years later, the price of the stock fluctuates between around € 16 and € 23. This sounds great from an historical perspective over multiple decades. However, this is about 20% compared to its peek at around $100 end of 2013/start 2014.
Despite the losses, a development over the past years is visible, especially the last 2 years. After constant and high fluctuation, the price decline reversed in 2018 with quarterly small profits and. You can see the continuous upward-moving tunnel that broke at the top in the end of 2018, but then came back to its bottom.
As you can see in the last section, Stratasys is developing to be one of the most promising 3D printing companies on a global level. It has a remarkable history of making good business decisions as with Makerbot. In addition, they offer customer segment specific and high quality 3D printers with appropriate materials, software and consulting services. For us at My3D.Guru, Stratasys is one of the most promising 3D printing companies in the industry, alongside HP and 3D Systems. What do you think, let us know?