Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.20.2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net sales        
Net sales $ 127,892 $ 157,460 $ 378,422 $ 475,923
Cost of sales        
Cost of sales 78,123 80,051 225,047 240,890
Gross profit 49,769 77,409 153,375 235,033
Operating expenses        
Research and development, net 19,562 23,620 65,059 70,234
Selling, general and administrative 48,343 59,741 155,630 173,217
Goodwill impairment 386,154   386,154
Total operating expenses 454,059 83,361 606,843 243,451
Operating loss (404,290) (5,952) (453,468) (8,418)
Financial income (expenses), net (167) 289 (847) 2,796
Loss before income taxes (404,457) (5,663) (454,315) (5,622)
Income tax expenses (benefit) (343) 586 (2,250) 3,084
Share in profits (losses) of associated companies (952) (733) (2,740) 495
Net loss (405,066) (6,982) (454,805) (8,211)
Net loss attributable to non-controlling interests (4) (41) (54) (152)
Net loss attributable to Stratasys Ltd. $ (405,062) $ (6,941) $ (454,751) $ (8,059)
Net loss per ordinary share attributable to Stratasys Ltd. - basic and diluted (in Dollars per share) $ (7.35) $ (0.13) $ (8.29) $ (0.15)
Weighted average ordinary shares outstanding - basic and diluted (in Shares) 55,086 54,394 54,851 54,201
Comprehensive loss        
Net loss $ (405,066) $ (6,982) $ (454,805) $ (8,211)
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments 1,056 (954) (611) (1,398)
Unrealized gains (losses) on derivatives designated as cash flow hedges (1,851) 34 (962) 1,184
Other comprehensive income (loss), net of tax (795) (920) (1,573) (214)
Comprehensive loss (405,861) (7,902) (456,378) (8,425)
Less: comprehensive loss attributable to non-controlling interests (4) (41) (54) (152)
Comprehensive loss attributable to Stratasys Ltd. (405,857) (7,861) (456,324) (8,273)
Products        
Net sales        
Net sales 83,548 106,346 240,597 321,778
Cost of sales        
Cost of sales 47,339 44,341 126,556 135,605
Services        
Net sales        
Net sales 44,344 51,114 137,825 154,145
Cost of sales        
Cost of sales $ 30,784 $ 35,710 $ 98,491 $ 105,285