Stratasys (SSYS +0.2%) trades near breakeven after providing a Q1 EPS beat, but reaffirming its...

|By:, SA News Editor

Stratasys (SSYS +0.2%) trades near breakeven after providing a Q1 EPS beat, but reaffirming its 2013 revenue/EPS guidance, and stating revenue growth "is expected to be relatively stronger toward the end of the year." Q1 gross margin was 59%, +100 bps Q/Q and 230 bps Y/Y. SG&A spend +24% Y/Y to $27.7M, R&D +11% to $9.1M (9% of revenue). Organic revenue growth was 18%. Stratasys has now shipped 30,984 systems over its lifetime, up 1,168 Q/Q. DDD +1.1%. XONE +3.6%. (PR)