Business Context and Reporting Period
This Form 6-K filing by Stratasys Ltd. (Stratasys) is dated September 4, 2013. The report provides historical and pro-forma financial information regarding the acquisition of Cooperation Technology Corporation (MakerBot), the direct parent of MakerBot Industries, LLC. The merger was consummated on August 15, 2013, pursuant to an agreement dated June 19, 2013.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. Instead, it serves as a cover document incorporating the following exhibits containing the actual financial data:
- Exhibit 99.1: Audited consolidated financial statements of MakerBot for the year ended December 31, 2012.
- Exhibit 99.2: Unaudited condensed consolidated financial statements of MakerBot as of June 30, 2013, and for the six months ended June 30, 2013 and 2012.
- Exhibit 99.3: Unaudited Pro Forma Condensed Combined Financial Statements for Stratasys and MakerBot for the year ended December 31, 2012, and the six months ended June 30, 2013, assuming the merger occurred on January 1, 2012.
- Exhibit 99.4: Supplemental Unaudited Pro Forma Condensed Combined non-GAAP Financial Data for the same periods.
Material Changes
The primary material change disclosed is the completion of the acquisition of MakerBot on August 15, 2013. The filing incorporates pro-forma financial data to illustrate the combined financial position of Stratasys and MakerBot as if the merger had been completed at the beginning of the reporting periods presented.
Guidance, Outlook, and Risks
The filing text does not contain specific management commentary, forward-looking guidance, or a detailed discussion of risks and contingencies. The document focuses on the procedural incorporation of financial exhibits into Stratasys' existing registration statements (Form S-8 and Form F-3). No unusual items are explicitly described in the cover text.
Investor Verification Checklist
- Review Exhibit 99.3 for the pro-forma combined revenue and earnings impact of the MakerBot acquisition.
- Verify the specific debt and liquidity positions in the pro-forma balance sheet within Exhibit 99.3.
- Examine Exhibit 99.4 for non-GAAP adjustments and reconciliations related to the merger.
- Confirm the details of the merger agreement and any contingent consideration in the referenced exhibits.