3D printer manufacturer Stratasys (SSYS) has announced that its revenue rose 13.3% during Q2 2022 amid continuing high demand for its machines.
As revealed in its latest financials, Stratasys brought in Q2 2022 revenue of $166.6 million, nearly $20 million more than the $147 million it generated in Q2 2021, and a 2.1% increase on the $163.2 million it reported in the pre-COVID Q2 2019.
The firm’s highest Q2 revenue in four years was driven largely by systems sales, which grew 29.2% year-on-year, thanks in part to the income provided by its newly-launched H350 3D printer and acquired Origin One offering.
However, despite its strong revenue performance, Stratasys has now reduced its outlook for the 2022 financial year by $10 million, to $675 million to $685 million. In the hours after announcing the decision, which the company sees as necessary due to “unexpected and adverse…
