• Stratasys Ltd (NASDAQ:SSYS) reported third-quarter FY21 revenue growth of 24.3% year-on-year to $159 million, beating the consensus of $150.1 million.
• Product sales rose 30.3% Y/Y to $108.9 million. Services revenue increased 13% Y/Y to $50.1 million.
• The non-GAAP gross margin expanded 140 bps to 48.2%. 
• Non-GAAP EPS of $0.01 beat the consensus loss of $(0.06).
• The company generated $3 million in operating cash flow. It held $519.9 million in cash and equivalents.
• "Our third quarter was highlighted by revenue growth of 24.3% and systems sales growth of 34.7% year-over-year, with contributions across all regions and all business lines," said CEO Yoav Zeif.
• Outlook: Stratasys sees Q4 revenue 16% higher year-over-year, representing $165.2 million, above the consensus of $157.7 million. The company had earlier estimated Q4 revenue to be sequentially higher than Q3.
• Price Action: SSYS shares traded higher by 18% at $37.85 on the last check Thursday.