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MINNETONKA, Minn. - On Wednesday, Stratasys Ltd. (NASDAQ:SSYS) lowered its full-year outlook, despite reporting in-line second-quarter earnings and slightly better-than-expected revenue.
The polymer 3D printing solutions provider’s shares plunged 13.81% in pre-market trading after the announcement.
The company reported second-quarter adjusted earnings of $0.03 per share, matching analyst estimates, while revenue came in at $138.1 million, marginally above the consensus forecast of $137.15 million. Revenue was essentially flat compared to the $138.0 million reported in the same quarter last year. Adjusted EBITDA improved to $6.1 million from $2.3 million in the prior-year period.
However, investors focused on Stratasys’ reduced full-year guidance. The company now expects fiscal 2025 revenue of $550-560 million, well below analyst expectations of $572.5 million. Its earnings forecast of $0.13-$0.16 per share also fell significantly short of the $0.32 consensus estimate.
"Amidst prolonged macroeconomic uncertainty and restrained customer capital spending, our revenues this quarter grew slightly over the second quarter last year, as our business model continues to demonstrate significant staying power," said Dr. Yoav Zeif, Stratasys’ Chief Executive Officer. "The macroeconomic improvement that is likely to drive increased capital spending by our customers is taking longer than we previously anticipated."
The company’s recurring revenue streams showed resilience, helping to offset weakness in capital equipment sales. Stratasys maintained a strong balance sheet with $254.6 million in cash, equivalents and short-term deposits with no debt as of June 30, 2025.
For the third quarter, Stratasys expects revenue to range from "slightly lower to slightly higher" than the second quarter, with fourth-quarter revenue projected to be higher than the third quarter. The company also anticipates positive operating cash flow for the full year.
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