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

Consolidated Statements of Operations and Comprehensive Income

v2.4.0.8
Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net sales        
Products $ 154,090 $ 90,213 $ 283,342 $ 172,023
Services 24,375 16,272 46,064 31,669
Revenue, Net 178,465 106,485 329,406 203,692
Cost of sales        
Products 73,394 45,731 134,416 94,774
Services 13,437 10,349 25,628 21,139
Total cost of sales 86,831 56,080 160,044 115,913
Gross profit 91,634 50,405 169,362 87,779
Operating expenses        
Research and development, net 18,957 10,337 35,728 21,126
Selling, general and administrative 77,929 42,665 145,546 85,990
Change in fair value of earn-out obligation 628    (6,867)   
Total operating expenses 97,514 53,002 174,407 107,116
Operating loss (5,880) (2,597) (5,045) (19,337)
Other income (expense) 337 138 (999) 652
Loss before income taxes (5,543) (2,459) (6,044) (18,685)
Income taxes (5,370) 326 (9,958) (417)
Net income (loss) (173) (2,785) 3,914 (18,268)
Net income attributable to non-controlling interest    15    68
Net income (loss) attributable to Stratasys Ltd. (173) (2,800) 3,914 (18,336)
Net income (loss) per ordinary share attributable to Stratasys Ltd.        
Basic $ 0 $ (0.07) $ 0.08 $ (0.47)
Diluted $ 0 $ (0.07) $ 0.08 $ (0.47)
Weighted average ordinary shares outstanding        
Basic 49,373 38,781 49,323 38,637
Diluted 49,373 38,781 51,238 38,637
Comprehensive Income (loss)        
Net income (loss) (173) (2,785) 3,914 (18,268)
Other comprehensive income (loss), net of tax:        
Losses on securities reclassified into earnings       168   
Foreign currency translation adjustments (126) 13 (524) (355)
Fair value adjustments on derivatives designated as cash flow hedges 173    44   
Other comprehensive income (loss), net of tax 47 13 (312) (355)
Comprehensive income (loss) (126) (2,772) 3,602 (18,623)
Less: comprehensive loss attributable to non-controlling interest    (454)    (339)
Comprehensive income (loss) attributable to Stratasys Ltd. $ (126) $ (2,318) $ 3,602 $ (18,284)