Stratasys Defies Economic Swing

Stratasys, makers of the Dimension line of 3D printers, recently released their 3rd Quarter 2008 financial results. Surprisingly the company produced "record third quarter revenue", some 16% higher than the previous year. Their income also increased 15% year over year.

Now, we don't know how you feel, but it seems to us that there is a teeny problem in the world economy lately, causing some companies to suffer lower revenues, or in some cases the companies are actually disappearing altogether!

Stratasys's results seem to indicate that there is indeed very high interest in 3D printing technology in spite of the swirling economic peril around us. One wonders where this space will be when the economy does recover.

Via MarketWatch

Comments

[Peter]

These results from Stratasys might not imply that the company or the industry will be immune or less affected by the economic downturn. The serious economic issues only really started to be felt after sept 30. They did project decent business, but only time will tell if those projections hold up

On another note, they showed a decrease again in 3D printer volume. more than 70% of their 3D printers were their high end machines. This supports a point a made in a previous comment that Stratasys MAY be loosing the 3D printer business (but mostly the low end) to other companies

Peter