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MINNEAPOLIS & REHOVOT, Israel -On Wednesday, Stratasys Ltd. (NASDAQ:SSYS) reported fourth quarter earnings that beat analyst estimates, but revenue declined YoY and its 2025 outlook came in below expectations
The company’s shares were down -6/22% in premarket trading following the release.
The 3D printing solutions provider posted adjusted earnings per share of $0.12 for Q4, topping the consensus estimate of $0.10. However, revenue fell 3.8% YoY to $150.4 million, though it narrowly exceeded analyst projections of $149.88 million.
For the full year 2024, Stratasys generated revenue of $572.5 million, down 8.8% from $627.6 million in 2023. The company attributed the decline to continued macroeconomic headwinds impacting customer spending.
Looking ahead, Stratasys provided 2025 guidance that fell short of Wall Street expectations. The company forecasts full-year revenue of $570-585 million, below the $582.6 million consensus estimate. Adjusted EPS is projected at $0.28-$0.35, compared to analyst expectations of $0.35.
"In 2024 and early 2025, we took several key steps to enhance our leadership and strengthen our position at the forefront of additive manufacturing," said CEO Dr. Yoav Zeif. "We also successfully expanded our adjusted gross margin by 100 basis points, delivered net profitability on an adjusted basis, and generated positive operating cash flow in 2024 with increased cash flow expected in 2025, demonstrating the resilience of our operating model."
Stratasys ended 2024 with $150.7 million in cash and no debt. The company also announced a pending $120 million investment from Fortissimo Capital, expected to close in Q2 2025.
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