Stratasys Reports Q1 Financial Results

STRATASYS, INC.

RECONCILIATION OF NON-GAAP TO GAAP RESULTS OF OPERATIONS


----------------------------------------------------------------------
                                    Three Months Ended March 31,
                               ---------------------------------------
                                  2007                        2007
                               (unaudited)    Non-GAAP     (unaudited)
                               As Reported Adjustments (1)  Non-GAAP
----------------------------------------------------------------------


Selling, general and
 administrative                $8,472,848       $(303,051) $8,169,797
                               ---------------------------------------

Total operating expenses       10,274,909        (303,051)  9,971,858

Operating income                4,431,111         303,051   4,734,162
                               ---------------------------------------

Income before income taxes      4,800,928         303,051   5,103,979

  Income taxes                  1,643,490          91,142   1,734,632

  Net income                   $3,157,438        $211,909  $3,369,347

Earnings per common share
        Basic                       $0.31           $0.02       $0.33
                               ---------------------------------------
        Diluted                     $0.30           $0.02       $0.32
                               ---------------------------------------

Weighted average number of
 common shares outstanding
        Basic                  10,196,117                  10,196,117
                               ---------------------------------------
        Diluted                10,625,841                  10,625,841
                               ---------------------------------------


                                    Three Months Ended March 31,
                               ---------------------------------------
                                  2006                        2006
                               (unaudited)    Non-GAAP     (unaudited)
                               As Reported Adjustments (1)  Non-GAAP
----------------------------------------------------------------------


Selling, general and
 administrative                $6,565,108       $(412,710) $6,152,398
                               ---------------------------------------

Total operating expenses        7,998,684        (412,710)  7,585,974

Operating income                2,822,695         412,710   3,235,405
                               ---------------------------------------

Income before income taxes      3,062,632         412,710   3,475,342

  Income taxes                  1,047,422         104,656   1,152,078

  Net income                   $2,015,210        $308,054  $2,323,264

Earnings per common share
        Basic                       $0.20           $0.03       $0.23
                               ---------------------------------------
        Diluted                     $0.20           $0.03       $0.23
                               ---------------------------------------

Weighted average number of
 common shares outstanding
        Basic                  10,123,267                  10,123,267
                               ---------------------------------------
        Diluted                10,323,855                  10,323,855
                               ---------------------------------------


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