6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of November 2015

Commission File Number 001-35751

STRATASYS LTD.

(Translation of registrant’s name into English)

c/o Stratasys, Inc.
7665 Commerce Way
Eden Prairie, Minnesota 55344 2 Holtzman Street, Science Park
P.O. Box 2496
Rehovot, Israel 76124

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F x Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes o No x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

CONTENTS

On November 4, 2015, Stratasys Ltd. (“we” or “us”) announced our financial results for the third quarter and first nine months of 2015.  A copy of our press release announcing our results is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K (“Form 6-K”) and is incorporated herein by reference.

In conjunction with the conference call held on November 4, 2015, to discuss our results, we are also furnishing a copy of the script used for the conference call to provide additional information regarding our business and our financial results (attached to this Form 6-K as Exhibit 99.2 and incorporated herein by reference) and a PowerPoint presentation with additional information (attached to this Form 6-K as Exhibit 99.3 and incorporated herein by reference).

The information in this Form 6-K, including Exhibits 99.1, 99.2 and 99.3, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	STRATASYS LTD.
Dated: November 4, 2015	By:	/s/ Erez Simha
	Name:	Erez Simha
	Title:	Chief Financial Officer and Chief Operating Officer

2

EXHIBIT INDEX

The following exhibits are filed as part of this Form 6-K:

Exhibit	Description
99.1	Press release dated November 4, 2015.
99.2	Script for our conference call held on November 4, 2015.
99.3	PowerPoint presentation with additional information.

3

EX-99.1

Exhibit 99.1

NEWS RELEASE

STRATASYS REPORTS THIRD QUARTER 2015 FINANCIAL RESULTS

Company reports $167.6 million in revenue for the third quarter

Third quarter non-GAAP net income of $0.7 million, or $0.01 per diluted share; and GAAP net loss of $938.0 million, or ($18.06) per basic share

Company provides financial guidance for fourth quarter of 2015

Minneapolis & Rehovot, Israel, November 4, 2015 — Stratasys Ltd. (Nasdaq:SSYS), the 3D printing and additive manufacturing solutions company, today announced financial results for the third quarter of 2015.

Q3-2015 Financial Results Summary:

·Revenue for the third quarter of 2015 was $167.6 million, compared to $203.6 million for the same period last year.

·GAAP net loss for the third quarter was $938.0 million, or ($18.06) per basic share, compared to GAAP net loss of $31.3 million, or ($0.62) per basic share, for the same period last year.

·Non-GAAP net income for the third quarter was $0.7 million, or $0.01 per diluted share, compared to non-GAAP net income of $30.1 million, or $0.58 per diluted share, reported for the same period last year.

·The Company invested a net amount of $25.1 million in R&D projects (non-GAAP basis) during the third quarter, representing 15% of revenues.

·The Company used $17.9 million in cash for operations during the third quarter, and currently holds approximately $262.4 million in cash and cash equivalents, and short term bank deposits.

·Non-GAAP EBITDA for the third quarter amounted to a loss of $1.5 million.

·The Company sold 5,467 3D printing and additive manufacturing systems during the third quarter, and has sold a total of 141,395 systems worldwide as of September 30, 2015, on a pro forma combined basis.

The Company updated the goodwill impairment analysis of all of its reporting units. On the basis of its preliminary analysis, the Company recognized a non-cash goodwill and other intangible assets impairment expense of $910 million in the third quarter, primarily as a result of changes to the Company’s near-term cash flows projections which reflect, among other things, the increased uncertainty in the 3D printing environment. The impairment expense is subject to

further adjustments pursuant to conclusion of the preliminary impairment test, which is expected to be completed within the next week and disclosed in the Company’s third quarter financial statements to be filed on Form 6-K.  Finalization of the impairment analysis is expected to occur later in the fourth quarter.

“Our third quarter results are a reflection of the difficult global macro-economic environment we have observed throughout the year that is negatively impacting most of our product lines,” said David Reis, chief executive officer of Stratasys. “We believe the current environment is primarily a result of weak investment in capital equipment, which has combined with the negative impact of excess capacity that we believe was created during a period of extraordinary growth for Stratasys, and the overall industry, during 2013 and 2014. Additionally, although we believe that overall penetration in the prototyping market remains low, the segment has matured to an extent that our customers now have a wide selection of technology offerings to evaluate, resulting in lengthened sales cycles. Despite these near-term challenges, we continue to observe significant market potential, and remain confident in our long-term growth prospects.”

Business Highlights:

·Launched a new branding initiative which reinforces Stratasys’ status as the leader within the additive manufacturing and 3D printing market.

·Released an in-depth industry survey, conducted through Stratasys Direct Manufacturing, which supports the Company’s longer-term growth opportunities.

·Further developed Go-to-Market strategies that focus on providing specialized expertise and tailored 3D printing solutions, including expansion of the Vertical Solutions and Strategic Accounts Management programs.

·Progressed in the ongoing reorganization of MakerBot, which include organizational enhancements and initiatives designed to improve operational efficiencies.

·Announced plans to showcase the Stratasys additive manufacturing ecosystem at the Formnext 2015 exhibition in Frankfurt, Germany this November.

“We are focused on long-term objectives and remain confident we will overcome near-term challenges,” continued Reis. “We will respond to the current market environment by implementing adjustments to our costs and operating structure, while remaining committed to a plan that we believe will help unlock the significant potential within our industry for our innovative solutions. In addition to transforming our brand and go-to-market strategies, we are working on significant advancements for existing platforms, as well as the development of new capabilities and business models. We are positioning our Company for the future, and remain confident of the significant opportunity ahead.”

2015 Guidance:

The Company provided financial guidance for the fourth quarter of 2015 as follows:

·Total revenue in the range of $160 to $175 million, with non-GAAP net loss in the range of $9 to $3 million, or ($0.17) to ($0.06) per diluted share.

·GAAP net loss of $35.3  to $28.3 million, or ($0.68) to ($0.54) per basic share.

·Non-GAAP earnings guidance excludes $17 million of projected amortization of intangible assets; $7 to $7.5 million of share-based compensation expense; $2.5 million in non-recurring expenses related to acquisitions; $4 to $5 million in reorganization and other related costs; and includes $5.2 to $5.7 million in tax expenses related to non-GAAP adjustments.

The Company is reviewing its long term operating model, and will provide an update when visibility has improved.

Stratasys Ltd. Q3-2015 Conference Call Details

The Company plans to hold a conference call to discuss its third quarter results on November 4, 2015 at 7:00 a.m. (ET).

The investor conference call will be available via live webcast on the Stratasys Web site at www.stratasys.com under the “Investors” tab; or directly at the following web address: http://edge.media-server.com/m/p/svoedx39.

To participate by telephone, the domestic dial-in number is 866-270-6057 and the international dial-in is 617-213-8891.The access code is 66906702.

Investors are advised to dial into the call at least ten minutes prior to the call to register. The webcast will be available for 90 days on the “Investors” page of the Stratasys Web site or by accessing the provided web address.

For more than 25 years, Stratasys Ltd. (NASDAQ:SSYS) has been a defining force and dominant player in 3D printing and additive manufacturing — shaping the way things are made. Headquartered in Minneapolis, Minnesota and Rehovot, Israel, the Company empowers customers across a broad range of vertical markets by enabling new paradigms for design and manufacturing. The Company’s solutions provide customers with unmatched design freedom and manufacturing flexibility — reducing time-to-market and lowering development costs, while improving designs and communications. Stratasys subsidiaries include MakerBot and Solidscape and the Stratasys ecosystem includes 3D printers producing prototypes and parts; a wide range of 3D printing materials; parts on-demand via Stratasys Direct Manufacturing; strategic consulting and professional services; and Thingiverse/GrabCAD communities with 5+ million free design components, printable files. With approximately 3,000 employees and 800 granted or pending additive manufacturing patents, Stratasys has received more than 30

technology and leadership awards. Visit us online at: www.stratasys.com or http://blog.stratasys.com

Stratasys is a registered trademark of Stratasys Ltd. and/or its subsidiaries or affiliates.

Stratasys Investor Relations Contacts
Shane Glenn

Vice President — Investor Relations
+1-952-294-3416
shane.glenn@stratasys.com

Cautionary Statement Regarding Forward-Looking Statements

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are characterized by the use of forward-looking terminology such as “will,” “expects,” “anticipates,” “continues,” “believes,” “should,” “intended,” “projected,” “guidance,” “preliminary,” “future,” “planned,” “committed,”  and other similar words. These forward-looking statements include, but are not limited to, statements relating to the Company’s objectives, plans and strategies, statements of preliminary or projected results of operations or of financial condition and all statements that address activities, events or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the Company’s ability to efficiently and successfully integrate the operations of its acquired subsidiaries; the overall global economic environment; the impact of competition and new technologies; general market, political and economic conditions in the countries in which the Company operates; projected capital expenditures and liquidity; changes in the Company’s strategy; government regulations and approvals; changes in customers’ budgeting priorities; litigation and regulatory proceedings; further charges to non-cash goodwill and other intangible assets impairment expenses and those factors referred to under “Risk Factors”, “Information on the Company”, “Operating and Financial Review and Prospects”, and generally in the Company’s annual report on Form 20-F for the year ended December 31, 2014, filed with the U.S. Securities and Exchange Commission (the “SEC”), and in other reports that the Company has filed with or furnished to the SEC from time to time. Readers are urged to carefully review and consider the various disclosures made in the Company’s SEC reports, which are designed to advise investors as to the risks and other factors that may affect its business, financial condition, results of operations and prospects. Any guidance and other forward-looking statements in this press release are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Non-GAAP Discussion Disclosure

The information provided within this press release includes financial results and projections that have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). In addition, certain non-GAAP financial measures have been provided, which exclude certain charges, expenses and income. The non-GAAP measures should be read in conjunction with the corresponding GAAP measures and should be considered in addition to, and not as an alternative or substitute for, the measures prepared in accordance with GAAP. The non-GAAP financial measures have been included in an effort to provide information that investors may deem relevant to evaluate results from the Company’s core business operations and to compare the Company’s performance with prior periods. The non-GAAP financial measures primarily identify and exclude certain discrete items, such as merger-related expenses, amortization of intangible assets, impairment charges, reorganization and other related costs, one time write off of deferred tax assets, and expenses associated with share-based compensation required under ASC 718. The Company uses these non-GAAP financial measures for evaluating comparable financial performance against prior periods.

(Financial tables follow)

Stratasys Ltd.

Consolidated Balance Sheets

(in thousands)

	September 30,			December 31,
	2015			2014
ASSETS
Current assets
Cash and cash equivalents	$	232,219		$	442,141
Short-term bank deposits	30,208			595
Accounts receivable, net	130,699			150,806
Inventories	140,783			123,385
Net investment in sales-type leases	10,702			8,170
Prepaid expenses	6,895			7,931
Deferred income taxes	30,366			25,697
Other current assets	19,108			37,903
Total current assets	600,980			796,628
Non-current assets
Goodwill	308,549			1,323,502
Other intangible assets, net	459,112			597,903
Property, plant and equipment, net	209,432			157,036
Net investment in sales-type leases - long term	17,769			14,822
Other non-current assets	32,129			9,216
Total non-current assets	1,026,991			2,102,479
Total assets	$	1,627,971		$	2,899,107
LIABILITIES AND EQUITY
Current liabilities
Accounts payable	$	38,497		$	37,359
Short term debt	—			50,000
Accrued expenses and other current liabilities	42,189			47,760
Accrued compensation and related benefits	36,130			42,332
Obligations in connection with acquisitions	5,949			28,092
Deferred revenues	49,273			45,023
Total current liabilities	172,038			250,566
Non-current liabilities
Obligations in connection with acquisitions - long term	4,784			26,461
Deferred tax liabilities	38,466			55,835
Deferred revenues - long-term	6,908			5,946
Other non-current liabilities	22,350			25,091
Total non-current liabilities	72,508			113,333
Total liabilities	244,546			363,899
Redeemable non-controlling interests	2,472			3,969
Equity
Ordinary shares, NIS 0.01 nominal value, authorized 180,000 shares; 52,301 and 50,923 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	141			139
Additional paid-in capital	2,600,286			2,568,149
Accumulated deficit	(1,211,048		)	(33,871		)
Accumulated other comprehensive loss	(8,699		)	(3,647		)
Equity attributable to Stratasys Ltd.	1,380,680			2,530,770
Non-controlling interest	273			469
Total equity	1,380,953			2,531,239
Total liabilities and equity	$	1,627,971		$	2,899,107

Stratasys Ltd.

Consolidated Statements of Operations

(in thousands, except per share data)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Net sales
Products	$	118,473		$	160,200		$	379,630		$	443,542
Services	49,107			43,410			143,003			89,474
	167,580			203,610			522,633			533,016
Cost of sales
Products	80,796			85,437			246,833			219,853
Services	34,045			30,326			94,065			55,954
	114,841			115,763			340,898			275,807
Gross profit	52,739			87,847			181,735			257,209
Operating expenses
Research and development, net	35,398			23,353			88,142			59,081
Selling, general and administrative	106,512			110,803			306,701			256,349
Goodwill impairment	868,101			—			1,018,501			—
Change in the fair value of obligations in connection with acquisitions	(3,022		)	5,578			(22,958		)	(1,289		)
	1,006,989			139,734			1,390,386			314,141
Operating loss	(954,250		)	(51,887		)	(1,208,651		)	(56,932		)
Financial expense	(3,505		)	(1,384		)	(9,340		)	(2,383		)
Loss before income taxes	(957,755		)	(53,271		)	(1,217,991		)	(59,315		)
Income tax benefit	(19,633		)	(21,919		)	(40,321		)	(31,877		)
Net loss	(938,122		)	(31,352		)	(1,177,670		)	(27,438		)
Net loss attributable to non-controlling interest	(164		)	(24		)	(493		)	(24		)
Net loss attributable to Stratasys Ltd.	$	(937,958	)	$	(31,328	)	$	(1,177,177	)	$	(27,414	)
Net loss per ordinary share attributable to Stratasys Ltd.
Basic	$	(18.06	)	$	(0.62	)	$	(22.92	)	$	(0.55	)
Diluted	(18.06		)	(0.62		)	(22.92		)	(0.55		)
Weighted average ordinary shares outstanding
Basic	51,941			50,490			51,437			49,717
Diluted	51,941			50,490			51,437			49,717

Stratasys Ltd.

Reconciliation of GAAP to Non-GAAP Results of Operations

(in thousands, except per share data)

	Three Months Ended September 30, 2015									Three Months Ended September 30, 2014
	GAAP						Non-GAAP			GAAP						Non-GAAP
	(unaudited)			Adjustments*			(unaudited)			(unaudited)			Adjustments*			(unaudited)
Net sales
Products	$	118,473		$	—		$	118,473		$	160,200		$	—		$	160,200
Services	49,107			—			49,107			43,410			—			43,410
	167,580			—			167,580			203,610			—			203,610
Cost of sales
Products	80,796			(31,892		)	48,904			85,437			(26,760		)	58,677
Services	34,045			(572		)	33,473			30,326			(4,236		)	26,090
	114,841			(32,464		)	82,377			115,763			(30,996		)	84,767
Gross profit	52,739			32,464			85,203			87,847			30,996			118,843
Operating expenses
Research and development, net	35,398			(10,324		)	25,074			23,353			(4,178		)	19,175
Selling, general and administrative	106,512			(36,400		)	70,112			110,803			(42,936		)	67,867
Goodwill impairment	868,101			(868,101		)	—			—			—			—
Change in the fair value of obligations in connection with acquisitions	(3,022		)	3,022			—			5,578			(5,578		)	—
	1,006,989			(911,803		)	95,186			139,734			(52,692		)	87,042
Operating income (loss)	(954,250		)	944,267			(9,983		)	(51,887		)	83,688			31,801
Financial income (expense)	(3,505		)	2,705			(800		)	(1,384		)	—			(1,384		)
Income (loss) before income taxes	(957,755		)	946,972			(10,783		)	(53,271		)	83,688			30,417
Income taxes (benefit)	(19,633		)	8,350			(11,283		)	(21,919		)	22,269			350
Net income (loss)	(938,122		)	938,622			500			(31,352		)	61,419			30,067
Net loss attributable to non-controlling interest	(164		)	—			(164		)	(24		)	—			(24		)
Net income (loss) attributable to Stratasys Ltd.	$	(937,958	)	$	938,622		$	664		$	(31,328	)	$	61,419		$	30,091
Net income (loss) per ordinary share attributable to Stratasys Ltd.
Basic	$	(18.06	)				$	0.01		$	(0.62	)				$	0.60
Diluted	(18.06		)				0.01			(0.62		)				0.58
Weighted average ordinary shares outstanding
Basic	51,941						51,941			50,490						50,490
Diluted	51,941						53,108			50,490						52,261

The Company considers these non-GAAP measures to be indicative of its core operating results and facilitates a comparison of operating results across reporting periods.  The Company uses these non-GAAP measures when evaluating its financial results as well as for internal planning and forecasting purposes, however these measures should not be viewed as a substitute for the Company’s GAAP results.

* Refer to the “Reconciliation of Non-GAAP Adjustments” herein for further information regarding adjustments.

Stratasys Ltd.

Reconciliation of GAAP to Non-GAAP Results of Operations

(in thousands, except per share data)

	Nine Months Ended September 30, 2015									Nine Months Ended September 30, 2014
	GAAP			Adjustments*			Non-GAAP			GAAP			Adjustments*			Non-GAAP
Net sales
Products	$	379,630		$	—		$	379,630		$	443,542		$	235		$	443,777
Services	143,003			—			143,003			89,474			—			89,474
	522,633			—			522,633			533,016			235			533,251
Cost of sales
Products	246,833			(93,778		)	153,055			219,853			(55,228		)	164,625
Services	94,065			(2,823		)	91,242			55,954			(5,010		)	50,944
	340,898			(96,601		)	244,297			275,807			(60,238		)	215,569
Gross profit	181,735			96,601			278,336			257,209			60,473			317,682
Operating expenses
Research and development, net	88,142			(16,157		)	71,985			59,081			(6,991		)	52,090
Selling, general and administrative	306,701			(93,265		)	213,436			256,349			(74,076		)	182,273
Goodwill impairment	1,018,501			(1,018,501		)	—			—			—			—
Change in the fair value of obligations in connection with acquisitions	(22,958		)	22,958			—			(1,289		)	1,289			—
	1,390,386			(1,104,965		)	285,421			314,141			(79,778		)	234,363
Operating income (loss)	(1,208,651		)	1,201,566			(7,085		)	(56,932		)	140,251			83,319
Financial income (expense)	(9,340		)	2,705			(6,635		)	(2,383		)	—			(2,383		)
Income (loss) before income taxes	(1,217,991		)	1,204,271			(13,720		)	(59,315		)	140,251			80,936
Income taxes (benefit)	(40,321		)	16,444			(23,877		)	(31,877		)	34,153			2,276
Net income (loss)	(1,177,670		)	1,187,827			10,157			(27,438		)	106,098			78,660
Net loss attributable to non-controlling interest	(493		)	—			(493		)	(24		)	—			(24		)
Net income (loss) attributable to Stratasys Ltd.	$	(1,177,177	)	$	1,187,827		$	10,650		$	(27,414	)	$	106,098		$	78,684
Net income (loss) per ordinary share attributable to Stratasys Ltd.
Basic	$	(22.92	)				$	0.21		$	(0.55	)				$	1.58
Diluted	(22.92		)				0.20			(0.55		)				1.53
Weighted average ordinary shares outstanding
Basic	51,437						51,437			49,717						49,717
Diluted	51,437						52,715			49,717						51,573

The Company considers these non-GAAP measures to be indicative of its core operating results and facilitates a comparison of operating results across reporting periods.  The Company uses these non-GAAP measures when evaluating its financial results as well as for internal planning and forecasting purposes, however these measures should not be viewed as a substitute for the Company’s GAAP results.

* Refer to the “Reconciliation of Non-GAAP Adjustments” herein for further information regarding adjustments.

Stratasys Ltd.

Reconciliation of Non-GAAP Adjustments

(in thousands)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Net sales, products
Deferred revenue step-up	$	—		$	—		$	—		$	235
Cost of sales, products
Acquired intangible assets amortization	(12,317		)	(14,328		)	(39,523		)	(41,582		)
Impairment charges	(18,338		)	(11,635		)	(48,120		)	(11,635		)
Non-cash stock-based compensation expense	(372		)	(797		)	(2,833		)	(2,011		)
Reorganization and other related costs	(865		)	—			(3,302		)	—
	(31,892		)	(26,760		)	(93,778		)	(55,228		)
Cost of sales, services
Acquired intangible assets amortization	—			(536		)	—			(537		)
Non-cash stock-based compensation expense	(367		)	(485		)	(1,536		)	(1,217		)
Reorganization and other related costs	(49		)	—			(124		)	—
Merger and acquisition related expense	(156		)	(3,215		)	(1,163		)	(3,256		)
	(572		)	(4,236		)	(2,823		)	(5,010		)
Research and development, net
Non-cash stock-based compensation expense	(985		)	(1,098		)	(4,359		)	(2,921		)
Impairment charges	(7,546		)	(3,000		)	(7,546		)	(3,000		)
Reorganization and other related costs	(728		)	—			(1,345		)	—
Merger and acquisition related expense	(1,065		)	(80		)	(2,907		)	(1,070		)
	(10,324		)	(4,178		)	(16,157		)	(6,991		)
Selling, general and administrative
Acquired intangible assets amortization	(5,832		)	(6,474		)	(17,972		)	(17,344		)
Non-cash stock-based compensation expense	(3,112		)	(5,217		)	(15,432		)	(15,262		)
Merger and acquisition related expense	(9,773		)	(31,245		)	(22,616		)	(41,470		)
Reorganization and other related costs	(106		)	—			(6,245		)	—
Impairment charges	(17,577		)	—			(31,000		)	—
	(36,400		)	(42,936		)	(93,265		)	(74,076		)
Goodwill impairment	(868,101		)	—			(1,018,501		)	—
Change in the fair value of obligations in connection with acquisitions
Change in the fair value of obligations in connection with acquisitions	3,022			(5,578		)	22,958			1,289
Financial expense
Credit facility extinguishment related costs	(2,705		)	—			(2,705		)	—
Income taxes
Tax expense related to non-GAAP adjustments	8,350			22,269			16,444			34,153
Net income	$	938,622		$	61,419		$	1,187,827		$	106,098

Stratasys Ltd.

Reconciliation of GAAP to Non-GAAP Forward Looking Guidance

Three Months Ended December 31, 2015

(in millions, except per share data)

GAAP net loss	($35.3) to ($28.3)
Adjustments
Stock-based compensation expense	$7 to $7.5
Intangible assets amortization expense	$17
Merger and acquisition related expense	$2.5
Reorganization and other related costs	$4 to $5
Tax expense related to Non-GAAP adjustments	($5.2) to ($5.7)
Non-GAAP net loss	($9) to ($3)
GAAP loss per share	($0.68) to ($0.54)
Non-GAAP loss per share	($0.17) to ($0.06)

EX-99.2

Exhibit 99.2

SSYS Q3 2015 Earnings Script

SLIDE 1 & 2: TITLE SLIDES

SPEAKER: Operator

Good day, ladies and gentlemen. Welcome to today’s conference call to discuss Stratasys’ third quarter 2015 financial results.

My name is [INSERT], and I’m your operator for today’s call. [INSERT RELEVANT INSTRUCTIONS].

And now, I’d like to hand the call over to Shane Glenn, Vice President of Investor Relations for Stratasys. Mr. Glenn, please go ahead.

SLIDE 3: FLS & NON-GAAP DISCLOSURE

SPEAKER: Shane Glenn

Good morning, everyone, and thank you for joining us to discuss our third quarter 2015 financial results. On the call with us today are David Reis, CEO, and Erez Simha, CFO and COO of Stratasys.

I remind you that access to today’s call, including the prepared slide presentation, is available online at the web address provided in our press release.

In addition, a replay of today’s call, including access to the slide presentation, will also be available and can be accessed through the investor section of our website.

We will begin by reminding everyone that certain statements on this conference call are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are characterized by the use of forward-looking terminology such as “will,” “expects,” “anticipates,” “continues,” “believes,” “should,” “intended,” “projected,” “guidance,” “preliminary,” “future,” “planned,” “committed,”  and other similar words. These forward-looking statements include, but are not limited to, statements relating to the company’s objectives, plans and strategies, statements of preliminary or projected results of operations or of financial condition, and all statements that address activities, events or developments that the company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the company’s ability to efficiently and successfully integrate the operations of Stratasys, Inc. and Objet Ltd. after their merger as well as MakerBot, Solid Concepts, and Harvest Technologies after their acquisitions and to successfully put in place and execute an effective post-merger integration plans; the overall global economic environment; the impact of competition and new technologies; general market, political and economic conditions in the countries in which the company operates; unexpected capital expenditures and changes in liquidity; unexpected changes in the company’s strategy; unexpected changes in government regulations and approvals; unexpected changes in

customers’ budgeting priorities; unexpected litigation and regulatory proceedings; further charges to non-cash goodwill and other intangible assets impairment expenses; and those factors referred to under “Risk Factors”, “Information on the Company”, “Operating and Financial Review and Prospects”, and generally in the company’s annual report on Form 20-F for the year ended December 31, 2014, filed with the U.S. Securities and Exchange Commission (the “SEC”), and in other reports that the company has filed with or furnished to the SEC on or prior to the date hereof. Readers are urged to carefully review and consider the various disclosures made in the company’s SEC reports, which are designed to advise interested parties of the risks and factors that may affect its business, financial condition, results of operations and prospects. Any guidance and other forward-looking statements in this conference call are made as of the date hereof, and the company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

As in previous quarters, today’s call will include non-GAAP financial measures. These non-GAAP financial measures should be read in combination with our GAAP metrics to evaluate our performance. We also note that we are not providing any pro forma financial results for acquisitions. Certain non-GAAP to GAAP reconciliations are provided in the table contained in our slide presentation and today’s press release.

Now I would like to turn the call over to our CEO, David Reis. David?

SLIDE 4: OPENING SUMMARY

SPEAKER: David Reis

Good morning everyone, and thank you for joining today’s call.

Our third quarter results are a reflection of the difficult global macro-economic environment that has impacted our performance across all regions, and for most of our product lines, throughout the year.

We believe the current environment is primarily a result of a slowdown in capital equipment investment from customers within our target markets.

In addition, while we believe that overall market penetration in the prototyping market remains low, the segment has matured to an extent that it provides our customers with a wider selection of technologies and services than ever before, resulting in longer sales cycles and increased experimentation by end users.

We also believe the situation has been worsened by the negative impact of excess capacity that followed the two-year period of extraordinary industry expansion that ended in 2014.

Reflecting the low visibility of the current market environment, expected orders did not materialize as expected at the end of the quarter.

The near-term outlook remains difficult as we begin the fourth quarter; and we will respond to these challenges by implementing the adjustments to our cost and operating structure. We expect these adjustments to positively impact 2016.

However, despite these near term challenges, we remain committed to a plan that we believe will help unlock the significant potential within our markets.

This includes our recently announced initiatives to transform our brand positioning and go-to-market strategies, as well as the ongoing development of new capabilities and business models that we believe could transform our markets.

I will return later to the call to provide more details on recent developments and our strategy moving forward, but first, I will turn the call over to our CFO and COO, Erez Simha, who will review the details of our financial results.

Erez?

SLIDE 5: FINANCIAL RESULTS SUMMARY

SPEAKER: Erez Simha

Thank you, David, and good morning, everyone.

As David mentioned, our performance during the third quarter is a reflection of the overall market weakness that has impacted our company across most regions and business units throughout the year.

Total revenue in the third quarter decreased by 18% to $167.6 million when compared to $203.6 million for the same period last year.

On an organic basis, which excludes the impact of acquisitions, revenue declined by 20% in the third quarter when compared to the same period last year; or approximately 16% when calculated on a constant currency basis.

Our core business revenue, which excludes MakerBot and Stratasys Direct Manufacturing, declined by 14% in the third quarter over last year; or approximately 10% on a constant currency basis.

MakerBot product and service revenue declined by 55% in the third quarter relative to last year, driven by the overall market weakness, as well as by the ongoing challenges associated with the restructuring of that business.

Non-GAAP net income for the third quarter was $0.7 million, or $0.01 per diluted share, compared to non-GAAP net income of $30.1 million, or $0.58 per diluted share, reported for the same period last year.

The Company updated the goodwill impairment analysis of all of its reporting units. On the basis of its preliminary analysis, the Company recognized a non-cash goodwill and other intangible assets impairment expense of $910 million in the third quarter, primarily as a result of changes of the Company’s near-term cash flows projections which reflect, among other things, the increased uncertainty in the 3D printing environment. The impairment expense is subject to further adjustments pursuant to conclusion of the preliminary impairment test, which is expected to be completed within the next week and disclosed in the Company’s third quarter financial statements to be filed on Form 6-K.  Finalization of the impairment analysis is expected to occur later in the fourth quarter.

Although we remain confident in our long-term growth prospects, our visibility into our near-term performance remains limited as we begin the fourth quarter.

SLIDE 6: REVENUE

Product revenue in the third quarter decreased by 26% to $118.5 million, as compared to the same period last year.

Within product revenue, system revenue decreased by 37% over the same period last year, with the decline driven primarily by the overall market weakness we discussed previously.

Consumables revenue was flat when compared to the same period last year.

Excluding MakerBot, core consumables revenue grew 3% over last year; or 8% on a constant currency basis.

We believe the slowdown in consumables sales is driven primarily by the recent weakness in hardware sales.

Services revenue in the third quarter increased by 13% to $49.1 million, as compared to the same period last year.

Within service revenue, customer support revenue, which includes the revenue generated mainly by maintenance contracts on our systems, increased by 16% compared to the same period last year.

SLIDE 7: UNIT SALES

The Company sold 5,467 3D printing and additive manufacturing systems during the third quarter, and has sold a total of 141,395 systems worldwide as of September 30, 2015, on a pro forma combined basis.

Unit sales in the third quarter, relative to prior periods, were impacted by lower MakerBot unit sales, as well as the overall impact of the market factors we have outlined previously.

Although systems sales were disappointing, we observed a sequential quarterly improvement in ASPs, as our product mix favors higher-cost systems.

SLIDE 8: GROSS PROFIT

Gross margins declined to 51% for the third quarter, compared to 58% for the same period last year.

The decrease in gross margin over last year was driven primarily by product mix, as sales of our higher margin Connex systems were notably weaker during the period.  In addition, gross margin was impacted by an increase in reserves related to slower moving inventory.

Product gross margin decreased to 59% in the quarter, compared to 63% for the same period last year, reflecting the impact of lower demand.

Service gross margin decreased to 32% in the quarter, as compared to 40% for the same period last year, driven primarily by the inclusion of the Solid Concepts and Harvest Technology acquisitions, as well as an increase in reserves related to slower moving service inventory.

SLIDE 9: OPERATING/NET PROFIT

Operating expenses increased by 9% to $95.2 million for the third quarter, as compared to the same period last year.

Compared to the second quarter of this year, operating expenses declined by 1%, reflecting the impact of lower reseller commissions, and planned cost reductions which were partially offset by higher investment in certain R&D projects, and the ramp-up of our company-wide ERP implementation.

Net R&D expenses increased by 31% in the quarter over last year, to $25.1 million driven by the inclusion of acquired GradCAD expenses, and an increase in internal funding for certain product development projects.

SG&A expenses increased by 3% in the quarter over last year, to $70.1 million but declined by 5% when compared to the second quarter of this year, reflecting the impact of lower reseller commissions and planned cost reductions.

Net income included a tax benefit of $11.3 million, which resulted mainly from the impact of losses incurred in high tax jurisdictions.

SLIDE 10: GEOGRAPHIC MIX

The following slide provides you a breakdown of our geographic sales for the quarter, which reflects the broad-based weakness we have outlined previously.

For our core products and services, which exclude MakerBot and SDM, all regions underperformed in the third quarter relative to expectations.

Our expectations for the remainder of the year are a continuation of these trends, as the challenging market conditions we have observed in 2015 persist.

SLIDE 11: BALANCE SHEET/CASH FLOW

Non-GAAP EBITDA for the third quarter amounted to a loss of $1.5 million.

The Company used $17.9 million in cash from operations during the third quarter, and currently holds approximately $262.4 million in cash, cash equivalents, and short term bank deposits.

The decrease in cash, cash equivalents, and short term bank deposits as compared to $502.6 million at the end of the second quarter, is driven primarily by our recent repayment of our revolving credit facility, and $30.7 million in capital expenditures used for the purchase of fixed assets, which includes payments for our new facility in Israel.

Inventory increased to $140.8 million as compared to $137.4 million at the end of the second quarter of 2015, as lower than expected hardware sales drove an increase in finished goods inventory.

Accounts receivable decreased to $130.7 million, compared to $137.0 million at the end of the first quarter; while DSO on 12-month trailing revenue remained flat, at 64.

SLIDE 12: SUMMARY

In summary,

1.)Our third quarter results did not meet our expectations, and we are disappointed with our performance.

2.)We believe our performance was impacted by weaker macro-economic conditions that drove an overall slowdown in capital equipment spending.

3.)Our near-term visibility remains low as we begin the fourth quarter, as sales cycles have lengthened and pipeline conversion rates have declined when compared to historical levels.

4.)We will make the adjustments to our operating expenses to align with the current market environment and to emphasize operational efficiency.

5.)We believe we maintain a conservative balance sheet with sufficient capital to meet future requirements while weathering the current downturn.

6.)And finally, we remain confident in the long-term growth prospects that we have identified in key verticals and applications; and will remain committed to our growth initiatives and long-term investment plan.

I would now like to turn the call over to our VP of Investor Relations, Shane Glenn, who will provide you greater details on our updated 2015 financial guidance. Shane.

SLIDE 13 & 14: GUIDANCE

SPEAKER: Shane Glenn

Thank you, Erez.

The Company has provided financial guidance for the fourth quarter of 2015 as follows:

1.Total revenue in the range of $160 to $175 million, with non-GAAP net loss in the range of $9 to $3 million, or ($0.17) to ($0.06) per diluted share.

2.GAAP net loss of $35.3 to $28.3 million, or ($0.68) to ($0.54) per basic share.

3.Non-GAAP earnings guidance excludes $17 million of projected amortization of intangible assets; $7 to $7.5 million of share-based compensation expense; $2.5 million in non-recurring expenses related to acquisitions; $4 to $5 million in reorganization and other related costs; and includes $5.2 to $5.7 million in tax expenses related to non-GAAP adjustments.

Finally, at this time we are reviewing our long term operating model, and will provide an update when we begin to observe improved visibility.

Appropriate reconciliations between GAAP and non-GAAP financial measures are provided in a table at the end of our press release, providing an itemized detail of the non-GAAP financial measures.

Now, I’d like to turn the call back over to David Reis. David?

SLIDE 15: STRATEGIC OVERVIEW

SPEAKER: David Reis

Thank you, Shane.

Our recent performance has not met expectations. We are facing a challenging market environment that requires us to adapt and refocus our strategy as our industry transitions and matures.

Despite near-term challenges, we continue to observe significant potential within our markets, and remain confident in the long-term growth opportunity.

I would like to take a moment to highlight some initiatives that we believe will reinforce our leadership position in the 3D printing and additive manufacturing industry, and ensure that Stratasys is prepared for the future growth opportunities we see ahead.

SLIDE 16: REBRANDING

To strengthen our position, we recently launched a new branding initiative that re-introduces Stratasys to the market.

The goal of our branding initiative is three-fold:

1.)To take ownership of what our customers, partners, and employees already know: that Stratasys is the industry leader by many metrics, including installed base, intellectual property, R&D investment, new product development, and innovation.

2.)Secondly, to clearly communicate to the market that Stratasys will provide a total ecosystem of solutions, including hardware, materials, services, and software — with the customer at the center.

3.)And finally, that Stratasys is THE 3D printing Solutions Company, and that we will work hard to adapt and evolve our organization to take advantage of future growth opportunities within a market that requires a solution-driven approach.

We are very proud of the work we do at Stratasys.

We truly shape lives by revolutionizing the way things are made, and we believe our new branding strategy reflects this position.

SLIDE 17: MARKET SURVEY

We have identified several market trends that we believe support our long-term optimism and future growth prospects within the prototyping and advanced manufacturing markets.

First, we believe that a significant opportunity remains for rapid prototyping applications.

Earlier this year we conducted an extensive market analysis that included the data from 845 respondents to an industry survey that targeted product developers.

Based on our research and that survey, we believe prototyping applications remain a significant opportunity.

We estimate the global prototyping market to be a $10 to $15 billion dollar opportunity, with only 23% of that opportunity currently addressed by additive manufacturing.

Second, we recently released the results of an in-depth industry survey completed by our Stratasys Direct Manufacturing organization.

The report is based on an independent analysis of 700 designers, engineers and executives — 40% of whom are employed by companies with over $50 million in revenue.

The goal was to uncover common themes among companies who are looking to adopt and integrate 3D printing into their manufacturing processes.

Some of the survey findings include a belief that end-use parts will be increasingly designed for additive manufacturing over the next three years.

Additionally, the respondents anticipate the applications with highest levels of growth for additive manufacturing are: tooling and patterns, trial and bridge production parts, and end-use parts.

Also encouraging was the belief by a majority of respondents that regardless of their company’s in-house additive manufacturing resources, they recognize a value in partnering with a service provider to augment internal capabilities.

We believe we are well positioned to capitalize on these emerging trends given our comprehensive portfolio of current and future products.

SLIDE 18: ECOSYSTEM

Our product and service offerings are evolving rapidly, as we seek to better position the Company to provide a complete portfolio of solutions within the design and manufacturing value chain.

Building this comprehensive ecosystem takes time, and over the past several quarters, we have completed several transactions that support this effort, including our acquisition of GrabCAD and The Econolyst.

In addition, we have entered strategic partnerships such as those we recently announced with PTC and Adobe.

Our ecosystem, combined with our new branding strategy, will be on full display at the Formnext 2015 exhibition later this month.

For the first time, we will showcase a combined range of solutions, including industrial PolyJet and FDM 3D Printers and Production Systems, along with MakerBot desktop 3D printers and Solidscape professional systems.

The growing Stratasys ecosystem features design-to-print workflows, 3D printing curriculum, and consultancy offerings through Stratasys Professional Services and Strategic Consulting.

SLIDE 19: GO-TO-MARKET

Over the course of 2015, we have made significant changes in our go-to-market strategy.

In April, we welcomed Joshua Claman to the newly created role of Chief Business Officer, where he oversees the Company’s Marketing, Sales, Service and Channel organizations,

Josh is focused on driving commercial and go-to-market synergies across the company’s different business units.

More recently, we further strengthened our leadership team with the appointment of John Gould, formerly of Dell, as president of North American operations.

He will play a critical role in defining our North American expansion strategy by improving both the customer and channel partner experience.

This includes our more recent initiative to build out a dedicated inside sales team to work with our partners to pursue cross-selling and up-selling opportunities, as well as to execute specific sales campaigns designed to acquire new accounts.

We will continue to collaborate with our current channel partners, with the expectation that they will play a valuable role in helping nurture and grow new customers.

This will include a more effective structure of covering the market, which involves enhancing our ability to support key channel partners through training, certification, sales enablement and joint sales efforts.

Additionally, we continue to pursue our Strategic Accounts Management and Vertical Business Unit initiatives, which are developing new growth opportunities across large organizations; and are targeting markets where our disruptive solutions can unlock value within the manufacturing process.

Many of these changes to our go-to-market approach are underway, and we intend on moving forward with expansion over the next few quarters.

Most importantly, we are already observing results from some of these initiatives.

For example, within our Strategic Account Management initiative in North America, sales grew by 137% in the third quarter compared to the same period last year.

Although the growth is compared to a small base, we believe the performance is impressive considering the challenging macroeconomic environment we observed during the quarter.

SLIDE 20: ADJUSTMENTS TO COST STRUCTURE

We recently initiated additional organizational enhancements and operational improvements at MakerBot.

This included:

1.)The reorganization and reduction of staff to become more operationally efficient;

2.)Enhancements to the leadership team, including the hiring of  key executives;

3.)Consolidation of facilities and reductions in overhead cost, including the centralization of staff; and

4.)The out-sourcing of production for legacy 4th generation products to a contract manufacturer, which we believe will significantly reduce costs, and allow for greater focus on the development of next-generation products.

We are confident the structural changes will help improve the performance of our MakerBot reporting unit beginning in 2016.

In addition to the restructuring at MakerBot, we are currently evaluating additional adjustments to our costs and operating structure to better align with the current market environment.

SLIDE 21: SUMMARY

In summary:

1.)Despite our near-term challenges, we continue to observe significant market potential, and remain confident in our long-term growth prospects.

2.)We have re-launched our brand to reflect our leadership position as THE 3D printing solutions company, and look forward to presenting our comprehensive ecosystem to the market.

3.)We are augmenting our go-to-market infrastructure with key hires and a vertical-market-focused approach, to better serve our customers’ additive manufacturing needs.

4.)In light of the current market environment, we are making adjustments to better align expenses with current market conditions, including ongoing restructuring at MakerBot, and an overall emphasis on productivity and efficiency across the entire organization.

5.)And finally, although we expect market conditions will remain challenging over the near term, we remain committed to our long-term investment plan and growth strategy that focuses on vertical markets and manufacturing-related applications.

Operator, please open the call for questions.

SLIDE 22: Q&A

SPEAKER: David Reis

Thank you for joining today’s call. We look forward to speaking with you again next quarter.

Goodbye.

SLIDE 22 & 23: RECONCILIATION TABLES

EX-99.3

Exhibit 99.3

STRATASYS Q3 2015 November 4th, 2015 FINANCIAL RESULTS CONFERENCE CALL

Q3 2015 Conference and webcast details Live Dial-in Information Primary Dial-in: 866-270-6057 International Dial-in: 617-213-8891 Participant Passcode: 66906702 Live webcast and replay: http://edge.media-server.com/m/p/svoedx39 Speakers David Reis CEO Erez Simha COO & CFO Shane Glenn VP, Investor Relations

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are characterized by the use of forward-looking terminology such as “will,” “expects,” “anticipates,” “continues,” “believes,” “should,” “intended,” “projected,” “guidance,” “preliminary,” “future,” “planned,” “committed,” and other similar words. These forward-looking statements include, but are not limited to, statements relating to the Company’s objectives, plans and strategies, statements of preliminary or projected results of operations or of financial condition and all statements that address activities, events or developments that the Company intends, expects, projects, believes or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the Company’s ability to efficiently and successfully integrate the operations of its acquired subsidiaries; the overall global economic environment; the impact of competition and new technologies; general market, political and economic conditions in the countries in which the Company operates; projected capital expenditures and liquidity; changes in the Company’s strategy; government regulations and approvals; changes in customers’ budgeting priorities; litigation and regulatory proceedings; and those factors referred to under “Risk Factors”, “Information on the Company”, “Operating and Financial Review and Prospects”, and generally in the Company’s annual report on Form 20-F for the year ended December 31, 2014, filed with the U.S. Securities and Exchange Commission (the “SEC”), and in other reports that the Company has filed with or furnished to the SEC from time to time. Readers are urged to carefully review and consider the various disclosures made in the Company’s SEC reports, which are designed to advise investors as to the risks and other factors that may affect its business, financial condition, results of operations and prospects. Any guidance and other forward-looking statements in this press release are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Forward Looking Statement

Summary Third quarter impacted by difficult macro-economic environment – visibility remains low Current conditions driven by weak capital equipment investment & excess end user capacity Rapid prototyping industry has matured - customers have wider selection of offerings to evaluate, lengthening sales cycle Implementing adjustments to cost and operating structure – positive impact expected in 2016 Long-term opportunity unchanged & committed to strategic investments and long-term growth plan David Reis – CEO

Financial Update and Guidance Erez Simha – CFO and COO Shane Glenn – VP of Investor Relations

Financial Results - Non-GAAP Stratasys, Ltd. ($ in millions unless noted otherwise) Revenue Growth 18% YOY Organic Revenue Growth 20% YOY Non-GAAP Gross Profit Growth 28% YOY Non-GAAP Net Income 98% YOY Core Revenue Growth 14% YOY Q3-14 Q3-15 Change YOY Unit Sales 10,965 5,467 -50.1% Total Revenue $203.6 $167.6 -17.7% Revenue/ Employee 0.072 0.057 -19.7% Gross Profit % margin 118.8 58.4% 85.2 50.8% -28.3% Operating Expenses % of sales 87.0 42.7% 95.2 56.8% +9.4% Operating Profit % margin 31.8 15.6% -10.0 -6.0% -131.4% Pre-tax Profit (Loss) % margin 30.4 14.9% -10.8 -6.4% -135.4% Tax Rate 1.1% 104.6% EBITDA 40.0 -1.5 -103.6% Net Income % margin 30.1 14.8% 0.7 0.4% -97.8% EPS (Diluted) $0.58 $0.01 -98.3% Diluted Shares 52.3 53.1 +1.6% Recognized a non-cash goodwill and other intangible assets impairment expense of $910 million in the third quarter

Financial Results – Non-GAAP Stratasys, Ltd. ($ in millions unless noted otherwise) Total Revenue - Quarter Total Revenue – Quarterly Trend Product Service System Revenue 37% YOY Consumable Revenue 0% YOY Customer Support Revenue 16% YOY Product Service $168.6 $126.7 $134.5 $118.5 $48.5 $46.1 $47.8 $49.1 Q4 '14 Q1 '15 Q2 '15 Q3 '15 $160.2 $118.5 $43.4 $49.1 Q3-2014 Q3-2015

Decrease in unit sales relative to prior periods driven by lower than expected MakerBot unit volumes The Company sold 5,467 3D printing and additive manufacturing systems during the second quarter; and on a pro-forma combined basis, has sold 141,395 systems worldwide as of September 30, 2015 Total Units Sold - Quarter Total Units Sold – Quarterly Trend Financial Results – System Unit Sales Stratasys, Ltd. 11,214 7,536 6,731 5,467 Q4 '14 Q1 '15 Q2 '15 Q3 '15 10,965 5,467 Q3-2014 Q3-2015

Financial Results – Non-GAAP Stratasys, Ltd. ($ in millions unless noted otherwise) Q3-14 Q3-15 % Change YOY Product Revenue % of sales $160.2 78.7% $118.5 70.7% -26.0% Service Revenue % of sales 43.4 21.3% 49.1 29.3% +13.1% Product Gross Profit % margin 101.5 63.4% 69.6 58.7% -31.5% Service Gross Profit % margin 17.3 39.9% 15.6 31.8% -9.7% Total Gross Profit % margin 118.8 58.4% 85.2 50.8% -28.3% Gross Margin – Quarterly Trend Product Gross Margin Service Gross Margin Total Gross Margin 59.4% 58.6% 61.6% 58.7% 44.3% 41.7% 35.4% 31.8% 56.0% 54.1% 54.7% 50.8% Q4 '14 Q1 '15 Q2 '15 Q3 '15

Financial Results – Operating Profit Non-GAAP Stratasys, LTD. ($ in millions unless noted otherwise) Operating Profit Analysis – Quarterly Trend Q3-14 Q3-15 % Change YOY R&D Expense % of sales 19.2 9.4% 25.1 15.0% +30.8% SG&A Expense % of sales 67.9 33.3% 70.1 41.8% +3.3% Total Operating Exp. % of sales 87.0 42.7% 95.2 56.8% +9.4% Total Operating Profit (Loss) % margin 31.8 15.6% -10.0 -6.0% -131.4% R&D Expenses (% of sales) SGA Expenses (% of sales) Operating Margin R&D expansion driven by increased headcount, and an acceleration of system and material development SG&A expansion driven by the impact of acquisitions 9.8% 14.1% 12.3% 15.0% 34.7% 40.4% 40.3% 41.8% 11.5% - 0.4% 2.0% - 6.0% Q4 '14 Q1 '15 Q2 '15 Q3 '15

Geographic Sales Q3-2014 North America EMEA APAC Other Geographic Sales Q3-2015 North America EMEA APAC Other Results reflect broad-based weakness Expect challenging market condition to persist for the remainder of 2015 Financial Results – Revenue Geographic Mix Non-GAAP Stratasys, Ltd.

($ in millions unless noted otherwise) Q2-15 Q3-15 Cash, Cash Equivalents & Bank Deposits $502.6 $262.4 Accounts Receivable 137.0 130.7 Inventories 137.4 140.8 Net Working Capital 486.2 428.9 $262.4 million in cash and cash equivalents & bank deposits Sequential decrease in cash, cash equivalents, & short term bank deposits driven by repayment of revolving credit facility, as well as capital expenditures Financial Results – Balance Sheet Summary Stratasys, Ltd. Selected balance sheet items ($ in millions)

Financial Summary Third quarter results did not meet expectations Performance impacted by slowdown in capital equipment investments in key markets Near-term visibility is low – sales cycles have lengthened Implementing adjustments to better align with current market environment and emphasize operational efficiency Conservative balance sheet with sufficient capital Confident in long-term growth prospects in key vertical and applications – committed to growth initiatives

Revenue & Earnings Guidance Non-GAAP $160-$175M ($0.17-$0.06) Revenue (M) Non-GAAP Diluted EPS Reconciliation of GAAP to Non-GAAP Guidance ($ in millions, except per share data) Revenue $160 to $175 Non-GAAP Net Income ($9) to ($3) (1) Stock-Based Compensation Exp. $7 to $7.5 (2) Intangible Assets Amortization Exp. $17 (3) Merger Related Expenses $2.5 (4) Reorganization and other related costs $4 to $5 (5) Tax expense related to non-GAAP adjustments ($5.2) to ($5.7) GAAP Net Loss ($35.3) to ($28.3) GAAP Loss Per Share ($0.68) to ($0.54) Non-GAAP Diluted Earnings Per Share ($0.17) to ($0.06)

STRATEGIC OVERVIEW David Reis – CEO

STRATASYS IS THE TRUSTED LEADER IN INNOVATIVE 3D PRINTING AND MANUFACTURING SOLUTIONS THAT EMPOWER INDIVIDUALS AND ORGANIZATIONS TO TRANSFORM THE WAY THEY IMAGINE, DESIGN AND MAKE THINGS. WE SHAPE LIVES BY REVOLUTIONIZING THE WAY THINGS ARE MADE New Branding Initiative – Claiming Leadership Position

Future Growth Potential - Rapid Prototyping & Advanced Manufacturing Long-term growth opportunities in key applications Global Prototyping market is ~$10-$15B* Additive Manufacturing technology only has ~23% penetration Advanced applications seen as having highest levels of growth include**: Tooling and patterns Trial and bridge production parts End-use parts Stratasys building diverse product and service portfolio, SDM capabilities, and manufacturing expertise to capture opportunities *Based on internal analysis of data from customer interviews, surveys, and industry sources **Based on analysis of independent survey of 700 designers, engineers and executives 77% 23% Additive Manufacturing in Rapid Prototyping* CNC, Urethane Molds, Injection Molding, etc. Additive Manufacturing

Stratasys Ecosystem Product and service offerings evolving rapidly Company positioned to provide a complete portfolio of solutions within design and manufacturing value chain Ecosystem on display at Formnext 2015 in November 3D printers and production 3D printers Stratasys Direct Manufacturing Industry expertise and specialized applications Stratasys Strategic Consulting Service and support Extensive range of materials Design and engineering communities Strategic partnerships 01 05 02 06 03 07 04 08

Key executives in place New Chief Business Officer New North American President Initiatives Underway – More to come Development of inside sales team to support channel partners Improved training, support, and sales enablement of existing channel Continue to pursue our Strategic Accounts Management and Vertical Business Unit initiatives Early Results Encouraging North American Strategic Accounts revenue increased in Q3 2015 by 137% Y/Y Go-to-Market Transformation

Making Progress in MakerBot Reorganization Operational improvements to improve efficiency Enhancement to leadership team Consolidated facilities Shifting legacy 4TH generation product production to contract manufacturer On track for improved performance in 2016 Evaluating Adjustments to Overall Cost Structure Adapting to market environment Company-wide focus on efficiency and profitability Operational Adjustments

Summary & Outlook Continue to observe significant market potential and confident in long-term growth prospects Re-launched brand and developing comprehensive ecosystem Strengthening go-to-market with key hires and ongoing development of vertical-market-focused strategy Adjusting costs and operating structure to better align with market conditions Remain committed to long-term investments & growth strategy David Reis – CEO

Reconciliation of GAAP to Non-GAAP - Results of Operations Stratasys Ltd. Q3-14 Q3-15 GAAP Adjustments Non-GAAP GAAP Adjustments Non-GAAP Net sales Products $160,200 $ - $160,200 $118,473 $ - $118,473 Services 43,410 - 43,410 49,107 - 49,107 Cost of sales Products 85,437 (26,760) 58,677 80,796 (31,892) 48,904 Services 30,326 (4,236) 26,090 34,045 (572) 33,473 Gross profit 87,847 30,996 118,843 52,739 32,464 85,203 Operating expenses Research and development, net 23,353 (4,178) 19,175 35,398 (10,324) 25,074 Selling, general and administrative 110,803 (42,936) 67,867 106,512 (36,400) 70,112 Goodwill impairment - - - 868,101 (868,101) - Change in fair value of earn-out obligations in connection with acquisitions 5,578 (5,578) - (3,022) 3,022 - Operating income (loss) (51,887) 83,688 31,801 (954,250) 944,267 (9,983) Financial income (expenses), net (1,384) - (1,384) (3,505) 2,705 (800) Income (loss) before income taxes (53,271) 83,688 30,417 (957,755) 946,972 (10,783) Income taxes (benefit) (21,919) 22,269 350 (19,633) 8,350 (11,283) Net income (loss) (31,352) 61,419 30,067 (938,122) 938,622 500 Net (loss) attributable to non-controlling interest (24) - (24) (164) - (164) Net income (loss) attributable to Stratasys Ltd. $(31,328) $61,419 $30,091 $(937,958) $938,622 $664 Net income (loss) per ordinary share attributable to Stratasys Ltd. (Diluted) $(0.62) $0.58 $(18.06) $0.01 Diluted Shares 50,490 52,261 51,941 53,108 ($ in thousands except per share data)

Reconciliation of Non-GAAP Adjustments Stratasys Ltd. Q3-14 Q3-15 Net sales, products Deferred revenue step-up $- $- Cost of sales, products Acquired intangible assets amortization (14,328) (12,317) Impairment charges (11,635) (18,338) Non-cash stock-based compensation expense (797) (372) Reorganization and other related costs - (865) Cost of sales, services Acquired intangible assets amortization (536) - Non-cash stock-based compensation expense (485) (367) Reorganization and other related costs - (49) Merger and acquisition related expense (3,215) (156) Research and development, net Impairment charges (3,000) (7,546) Non-cash stock-based compensation expense (1,098) (985) Reorganization and other related costs - (728) Merger and acquisition related expense (80) (1,065) Selling, general and administrative Acquired intangible assets amortization (6,474) (5,832) Impairment charges - (17,577) Non-cash stock-based compensation expense (5,217) (3,112) Reorganization and other related costs - (106) Merger and acquisition related expense (31,245) (9,773) Goodwill impairment Goodwill impairment - (868,101) Change in fair value of earn-out obligations in connection with acquisitions Change in fair value of earn-out obligations in connection with acquisitions (5,578) 3,022 Financial expenses Credit facility extinguishment costs - (2,705) Income taxes (benefit) Tax expense related to non-GAAP adjustments 22,269 8,350 Net income (loss) attributable to Stratasys Ltd. $61,419 $938,622 ($ in thousands)