Incannex Healthcare Halted, News Pending
MINNEAPOLIS & REHOVOT, Israel - Stratasys Ltd. (NASDAQ:SSYS) reported first quarter earnings that met expectations, while revenue fell slightly short on Thursday.
However, the 3D printing company’s shares jumped over 5% in pre-market trading on an upbeat full-year outlook.
Stratasys posted adjusted earnings of $0.04 per share for Q1, in line with analyst estimates. Revenue came in at $136 million, just below the $137.69 million consensus forecast and down from $144.1 million in the same quarter last year.
Despite the revenue miss, investors cheered Stratasys’ guidance for the full year 2025. The company expects revenue of $570-585 million, above the $571.2 million analysts were projecting. Stratasys also raised its earnings forecast, now seeing non-GAAP EPS of $0.30-$0.37, up from its previous outlook of $0.28-$0.35.
"We delivered another quarter of net profitability on an adjusted basis and positive cash from operating activities," said CEO Dr. Yoav Zeif. He highlighted 7% sequential growth in recurring consumables revenue, indicating "continued solid utilization of existing systems by our customers."
Stratasys ended the quarter with $150.1 million in cash and no debt. The company also recently closed a $120 million investment from Fortissimo Capital, further strengthening its balance sheet.
While revenue declined 5.6% YoY, Stratasys improved profitability. Adjusted EBITDA rose to $8.2 million from $4.1 million a year ago.
"We continue to strengthen our position in additive manufacturing by expanding our portfolio of best-in-class technology, materials, and software," Zeif added. "We believe we are well-positioned to drive increased cash flow and profitability from our streamlined operations and recurring stream of revenue as we move through the balance of the year."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.