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Stratasys off Q3 forecasts, Q4 projections; -10%

Nov. 15, 2016 8:55 AM ETStratasys Ltd. (SSYS) StockBy: Eric McCaffrey, SA News Editor
  • Results – revenue $157.18M (-6.2% Y/Y, $17.36M below estimates), EPS $0.00 (consensus $0.05), gross margin 54% (vs. 50.8% Y/Y), operating income $3.3M (vs. $10M operating loss Y/Y), cash and cash equivalents $239.3M, net R&D expense $24M (15.3% of net sales), EBITDA $12M
  • FY 2016 projections – revenue $662M-$673M (consensus $701.47M), net income $7M-$11M ($0.13-$0.21 per share) [consensus $0.32], gross margin 54%-55%, operating margin 3%-4%, tax expense $15M-$17M, capital expenditures $50M-$60M
  • Stratasys (NASDAQ:SSYS) CEO Ilan Levin: "The introductions of the Stratasys Infinite-Build and Robotic Composite 3D Demonstrators both evidence the unique long-term value of our core technologies and highlight the importance of strategic relationships in developing solutions. These innovations demonstrate our potential to meet the needs of customers by leveraging our core assets within key vertical markets. We believe these types of opportunities remain significant across multiple industries, and we are committed to seeking their further development."
  • Prior quarters overview
  • Conference call
  • Earnings slides
  • Press release

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