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Stratasys stock stumbles as MakerBot’s value dips below acquisition price

“MakerBot's performance has struggled to keep up with expectations.”

MakerBot's 5th-generation Replicator 3D printers. (Photo courtesy of MakerBot)

MakerBot has made some big changes in the last year, most notably getting its printers into major retailers, but the trend line for sales has not been as strong as it has hoped. The moves have also led to new costs for the company, such as returns, according to a new story in the New York Business Journal.
This has had a tangible impact on the value of Stratasys stock. Stratasys is MakerBot’s parent company:

The scoop: Stratasys took a $100 million to $110 million goodwill impairment charge last quarter on MakerBot, in other words acknowledging the unit is now worth less than the $403 million plus incentives it paid for MakerBot in its 2013 acquisition.
MakerBot’s performance has struggled to keep up with expectations as its built a larger production platform and expanded its distribution network in deals with Staples, Home Depot and Sam’s Club.

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Companies: MakerBot
Series: Brooklyn
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