Stratasys announced a minority investment in Tritone Technologies, a company that specializes in powder‑free metal and ceramic additive manufacturing, marking the firm’s first foray into industrial‑grade metal 3D printing.
The deal gives Stratasys a minority ownership stake and an option to increase its equity position in the future, although the exact percentage and monetary value were not disclosed. The partnership is structured as a phased commercial collaboration that will support Tritone’s reseller network and leverage sales and marketing synergies.
Tritone’s flagship MoldJet technology uses a binder‑jet process that eliminates the need for metal powder, enabling high‑throughput production of complex parts. The technology’s low material waste and simplified post‑processing make it attractive for high‑value sectors such as tooling, medical devices, defense, and aerospace.
Strategically, the investment expands Stratasys’s portfolio beyond polymers, positioning the company as a full‑spectrum additive‑manufacturing provider. By adding metal and ceramic capabilities, Stratasys broadens its total addressable market and accelerates adoption of production‑scale additive manufacturing across high‑margin verticals.
In its most recent quarter, Stratasys reported revenue of $137 million, a 2.1% year‑over‑year decline, and a non‑GAAP EPS of $0.02 versus analyst expectations of $0.00–$0.01. The EPS beat was driven by disciplined cost management and a favorable mix of consumables and services, while revenue fell due to macro‑economic headwinds that dampened capital‑equipment spending in industrial and manufacturing sectors.
Segment‑level data show consumables generated $42.9 million, systems $32.1 million, and services $62 million. The mix shift toward services helped offset margin compression, which was pressured by higher tariffs and an unfavorable product mix, bringing GAAP gross margin down to 41.0% from 44.8% a year earlier.
CEO Yoav Zeif emphasized that the partnership “significantly expands our total addressable market” and that Stratasys is “building a resilient, end‑to‑end solution” that can mitigate supply‑chain risks and reduce tariff exposure for customers.
Management reaffirmed its full‑year 2025 revenue guidance of $550 million to $560 million and non‑GAAP EPS guidance of $0.13 to $0.16, signaling confidence in maintaining profitability amid macro uncertainty while pursuing strategic growth.
Analysts noted a mixed market reaction: the EPS beat was welcomed, but the revenue decline and margin pressure tempered enthusiasm, reflecting concerns about ongoing macro‑economic challenges and the need for continued cost discipline.
The investment in Tritone positions Stratasys for long-term growth in high‑value metal 3D printing, while the Q3 earnings underscore the company’s resilience in a challenging macro environment and its focus on cost discipline and strategic expansion.
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