"Our financial results reflect the strong demand for our products driven by the rapidly growing interest in additive manufacturing worldwide, as more companies are recognizing how our technology can reshape the way their products are designed and manufactured," said David Reis, CEO of Stratasys. "Our results and strong year-end backlog are made more impressive when you consider the significant amount of resources committed during the period to complete our game-changing merger, which included the initiation of an integration plan for our worldwide sales, marketing and service organization and their related support infrastructure. We are very pleased with our first financial results as a combined company."
Last year the company merged with US 3D printer Objet Ltd, and spent US$33.3 million, or 9.3% of its 2012 revenue, on research and development. As a result it has launched the Objet1000 large-format 3D printer for industrial scale prototypes.
Stratasys says that in 2013, it will continue to invest in R&D, focusing on developing its proprietary technologies, improving its AM systems, and developing new systems and materials in order to broaden its product offerings.
"We have initiated the process of cross-selling our portfolio of complementary additive manufacturing solutions through our channel worldwide,” said Scott Crump, chairman and chief innovation officer of Stratasys.
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