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

Consolidated Statements of Operations and Comprehensive Loss (Unaudited)

v3.21.2
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Revenues $ 159,009 $ 127,892 $ 440,203 $ 378,422
Cost of revenues        
Cost of revenues 90,821 78,123 253,168 225,047
Gross profit 68,188 49,769 187,035 153,375
Operating expenses        
Research and development, net 22,645 19,562 65,683 65,059
Selling, general and administrative 67,462 48,343 184,353 155,630
Goodwill impairment 386,154 386,154
Total operating expenses 90,107 454,059 250,036 606,843
Operating loss (21,919) (404,290) (63,001) (453,468)
Financial expenses, net (634) (167) (1,383) (847)
Loss before income taxes (22,553) (404,457) (64,384) (454,315)
Income tax benefit 699 343 6,009 2,250
Share in profit (loss) of associated companies 3,778 (952) 1,229 (2,740)
Net loss (18,076) (405,066) (57,146) (454,805)
Net loss attributable to non-controlling interests (4) (54)
Net loss attributable to Stratasys Ltd. $ (18,076) $ (405,062) $ (57,146) $ (454,751)
Net loss per ordinary share attributable to Stratasys Ltd. - basic and diluted (in Dollars per share) $ (0.28) $ (7.35) $ (0.91) $ (8.29)
Weighted average ordinary shares outstanding. - basic and diluted (in Shares) 65,018 55,086 62,888 54,851
Comprehensive loss        
Net loss $ (18,076) $ (405,066) $ (57,146) $ (454,805)
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments (2,247) 1,056 (2,105) (611)
Unrealized gains (losses) on derivatives designated as cash flow hedges 578 (1,851) 2,579 (962)
Other comprehensive income (loss), net of tax (1,669) (795) 474 (1,573)
Comprehensive loss (19,745) (405,861) (56,672) (456,378)
Less: comprehensive loss attributable to non-controlling interests (4) (54)
Comprehensive loss attributable to Stratasys Ltd. (19,745) (405,857) (56,672) (456,324)
Products        
Revenues        
Revenues 108,888 83,548 299,517 240,597
Cost of revenues        
Cost of revenues 54,820 47,339 151,471 126,556
Services        
Revenues        
Revenues 50,121 44,344 140,686 137,825
Cost of revenues        
Cost of revenues $ 36,001 $ 30,784 $ 101,697 $ 98,491