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

Consolidated Statements of Operations and Comprehensive Loss

v3.24.2.u1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total net sales $ 138,041 $ 159,751 $ 282,091 $ 309,128
Cost of revenues        
Total cost of sales 77,541 93,529 157,694 177,511
Gross profit 60,500 66,222 124,397 131,617
Operating expenses        
Research and development, net 25,680 24,305 49,657 45,780
Selling, general and administrative 60,863 75,576 125,236 136,293
Total operating expenses 86,543 99,881 174,893 182,073
Operating loss (26,043) (33,659) (50,496) (50,456)
Financial income (expenses), net (726) 687 491 1,460
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest, Total (26,769) (32,972) (50,005) (48,996)
Income tax benefit (expenses) 762 725 1,478 4,500
Share in net profits (losses) of associated companies 1,788 (4,918) (243) (7,343)
Net loss $ (25,743) $ (38,615) $ (51,726) $ (60,839)
Earnings Per Share, Basic $ (0.36) $ (0.56) $ (0.74) $ (0.89)
Weighted average shares outstanding - diluted 70,746 68,648 70,367 68,107
Comprehensive Loss        
Net loss attributable to non-controlling interests $ (25,743) $ (38,615) $ (51,726) $ (60,839)
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments (24) 579 (2,210) 1,834
Unrealized Gain (Loss) on Cash Flow Hedging Instruments (526) 558 156 (1,687)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent (550) 1,137 (2,054) 147
Comprehensive loss attributable to Stratasys Ltd. (26,293) (37,478) (53,780) (60,692)
Products        
Revenues        
Total net sales 93,594 109,112 192,790 210,083
Cost of revenues        
Total cost of sales 46,756 57,576 96,513 108,689
Service [Member]        
Revenues        
Total net sales 44,447 50,639 89,301 99,045
Cost of revenues        
Total cost of sales $ 30,785 $ 35,953 $ 61,181 $ 68,822