Stratasys Announces Preliminary First Quarter Results

    MINNEAPOLIS--April 15, 2002--Stratasys, Inc. today announced that expected revenues for the first quarter of 2002 will be approximately $6.3 to $6.6 million, which is below its expected level of $7.5 to $8.5 million. The net loss is expected to be approximately $650,000 to $750,000. The revenue and earnings shortfall is principally the result of fewer shipments of high-end systems in the quarter, particularly in its U.S. markets. Several orders for high-end systems that were intended to ship in the first quarter were delayed to the second quarter.
    The Company's new Dimension(TM) system, introduced in February 2002, significantly exceeded expectations, and the Company shipped its entire manufacturing output of systems in the quarter. The Company's backlog, consisting of orders for both Dimension as well as other systems, increased significantly from the end of 2001. Most of these orders are expected to ship in the second quarter.
    Stratasys will announce complete results for the first quarter of 2002 on April 23, 2002, 8:30 a.m. EDT. The Company will hold a conference call to discuss these results at 4:00 p.m. (Eastern Daylight Time) on April 23, 2002. To access the call, dial 877-276-2599. A recording of the call will be available for 24 hours beginning one hour after the call ends. To access the recording, dial 866-219-1444 and enter access code 1748543.

    Stratasys, Inc. manufactures rapid prototyping systems for automotive, aerospace, industrial, recreational, electronic, medical and consumer products OEM's. The Company's patented Fused Deposition Modeling (FDM) rapid prototyping processes create precision 3-dimensional plastic and wax prototyping parts directly from 3-D CAD systems. The Company is located at 14950 Martin Drive, Eden Prairie, Minnesota 55344-2020 & www.stratasys.com.

    Except for the historical information herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, including the timely development and acceptance of new products and materials, the impact of competitive products and pricing, and the other risks detailed from time to time in the Company's SEC Reports, including the report on Form 10-Q for the quarter ended September 30, 2001, and Form 10-K for the year ended December 31,2001.

    This release is available on the Stratasys website at www.stratasys.com