Stratasys, Inc. SSYS today announced fourth quarter and full year financial results.
The company reported record revenue of $33.8 million for the fourth quarter ended December 31, 2010, a 29% increase over the $26.2 million reported for the same period in 2009. System shipments for the fourth quarter totaled a record 632 units, a 47% increase over the 431 units for the same period last year.
The company reported net income of $4.3 million for the fourth quarter, or $0.20 per share, an 80% increase when compared to net income of $2.4 million, or $0.12 per share, for the same period last year.
Non-GAAP net income, which excludes stock-based compensation expense, was $4.5 million, or $0.21 per share, for the fourth quarter of 2010, a 52% increase when compared to non-GAAP net income of $2.9 million, or $0.14 per share, for the same period last year.
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