Re: Stratasys Records Super Quarter

From: Carl Dekker (dekker@met-l-flo.com)
Date: Fri Nov 01 2002 - 16:22:54 EET


Send them to me and I start a supply of slightly used spare parts overnight! All prices prorated.

Carl Dekker
  ----- Original Message -----
  From: Paul
  To: Joe Klausburn ; rp-ml@rapid.lpt.fi
  Sent: Thursday, October 31, 2002 4:33 PM
  Subject: Re: Stratasys Records Super Quarter

  Joe,
   
  Let me know if you find any takers, they can take mine too!
   
  Paul @ Laser Reproductions
   
    ----- Original Message -----
    From: Joe Klausburn
    To: rp-ml@rapid.lpt.fi
    Sent: Thursday, October 31, 2002 10:46 AM
    Subject: Re: Stratasys Records Super Quarter

    Nice shameless self promotion. We know who Stratasys is and can all check your financial reports when interested.

    If you would like to take my Stratasys machine off my hands I am all ears. I cannot afford to wait several days for parts any longer.

     ChathamRes@aol.com wrote:

      It looks like Stratasys is running on all cyinders.

      See below:

      Stratasys Reports Record 3rd Qtr. Revenues & Operating Profit

      MINNEAPOLIS--(BUSINESS WIRE)--Oct. 30, 2002--

      Results Significantly Exceed Plan

      Stratasys, Inc. (Nasdaq:SSYS) today announced a significant milestone in the company's history by reporting record revenues for the third quarter ended September 30, 2002, the highest quarterly revenue and operating profit in the company's history.

      Revenues for the third quarter rose to $12,028,475 compared with $9,703,008 in the third quarter of 2001. Net income for the third quarter grew significantly to $1,723,214, or $0.31 per share, compared with income of $979,667, or $0.18 per share, for the same period in 2001.

      Revenues for e of our competitors systems sell for as high as $750,000, 25 times the price of the Dimension," Mr. Crump continued.

      "Given our strong balance sheet, continued commitment to contain expenses, and three new, well-received product offerings, we have high expectations that we will meet or exceed our 2002 plan. We also plan for a successful 2003.

      "The Company will not hold a quarterly conference call," Crump concluded.

      Stratasys, Inc. is a manufacturer of rapid prototyping systems for automotive, aerospace, military, industrial equipment, recreation, electronic, medical, and consumer products OEM's. The Company's patented Fused Deposition Modeling (FDM) rapid prototyping process creates 3-dimensional plastic and wax prototype parts directly from 3-D CAD systems. The Company has over 88 pending and issued global RP patents. The Company can be reached at 14950 Martin Drive, Eden Prairie, Minnesota 55344-2020 and www.stratasys.com.

      Except for the historical information herein, the matter; September 30, December 31,

                                                      2002 2001

                                                   (unaudited) (audited)

      ----------------------------------------------------------------------

      ASSETS

      Current assets

          Cash and cash equivalents $11,769,650 $10,211,398
      bsp; --------------------------

              Total current assets 30,772,475 30,026,597

                                                  --------------------------

      Property and equipment, net 5,766,638 6,006,529

                                                        --------------------------

                                                     4,966,830 5,918,219

                                                  --------------------------

                        ; 3,886,670 3,736,284

          Unearned maintenance revenue 4,359,835 4,510,751

                                                  --------------------------

              Total current liabilities 8,336,296 8,432,349

                              &nbp; 64,683 61,333

         Capital in excess of par value 34,752,884 32,943,974

         Retained earning 3,313,745 1,797,606

         Accumulated other comprehensive loss (64,583) (72,084)

         Less cost of treasury stock, 1,167,737

          shares in 2002 and 740,400 shares in

          2001 (7,069,081) (3,427,816)
                                                  --------------------------

      STRATASYS, INC.

      CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

      ----------------------------------------------------------------------

                              Three Months Ended Nine Months Ended

                                 September 30, Ssp; 11,069,358 11,052,528

                            ----------------------- ------------------------

      Gross profit 7,701,580 5,931,270 17,467,114 16,561,884

      Costs and expenses

           Research and

            development 1,273,278 1,185,319 3,611,537 3,672,980

           Selling, general

            and

            administrative 3,988,082 3,573,314 11,850,599 10,830,523

                            ----------------------- ----------------nbsp; (44,051) (35,960) (135,313) (85,768)

           Other (22,406) 91,051 133,582 (130,540)

                            ----------------------- ------------------------

                                (30,132) 133,533 115,497 66,665

                            ----------------------- ------------------------

      Income (loss) before

        income tasp; $0.32 $0.18 $0.28 $0.29

                            ----------------------- ------------------------

              Diluted $0.31 $0.18 $0.27 $0.29

                            ----------------------- ------------------------

      Weighted average

      number of common

      shares outstanding

              Basic 5,326,904 5,470,107&sp; 20,634 983 13,507 (18,386)

                            ----------------------- ------------------------

      Comprehensive income $1,743,848 $980,650 $1,529,646 $1,575,408

                            ----------------------- ------------------------

      CONTACT:

      Stratasys, Inc., Minneapolis

      S. Scott Crump, 952/937-3000

      or

      Tom Stenoien, 952/937-3000

      www.stratasys.com

      SOURCE: Stratasys, Inc.

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