Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Stratasys off Q3 forecasts, Q4 projections; -10%

Published 11/15/2016, 08:55 AM
Stratasys off Q3 forecasts, Q4 projections; -10%
SSYS
-
  • 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

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.