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Investing.com -- Shares of Stratasys (NASDAQ:SSYS) rose as much as 9.5% in premarket trading today, following the announcement of a significant stake purchase by Fortissimo and a positive preliminary earnings report for the fourth quarter. Fortissimo Capital agreed to acquire approximately 14% of Stratasys at $10.30 per share, with the transaction expected to close in the second quarter.
The 3D printing company reported preliminary adjusted net income for the fourth quarter between $8.1 million and $8.6 million, surpassing the Bloomberg consensus estimate of $7.02 million. This news comes alongside the purchase of 11,650,485 newly-issued ordinary shares by Fortissimo, which will increase its ownership to about 15.5% of Stratasys’ issued and outstanding ordinary shares.
Upon the closing of the transaction, Fortissimo’s founding and managing partner, Yuval Cohen, is set to join the Stratasys board of directors.
Stratasys also highlighted positive cash flow from operating activities for the fourth quarter and provided a forward-looking statement regarding its financial goals. The company stated that with moderate revenue growth, it could achieve at least 10% in EBITDA margins for the full year 2025.
At current revenue levels, Stratasys continues to expect 8% EBITDA margins for the same period, with higher margins possible at increased revenue levels. Additionally, the company anticipates delivering meaningful positive cash flow from operating activities for the full year 2025.
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