Stratasys (SSYS) Misses Q1 EPS by 3c, Miss on Revenues

Stratasys (NASDAQ: SSYS) reported Q1 EPS of $0.05, $0.03 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $153.8 million versus the consensus estimate of $167.5 million.

Q1 2018 Financial Results Summary:Revenue for the first quarter of 2018 was $153.8 million, compared to $163.2 million for the same period last year.

• GAAP gross margin was 49.2% for the quarter, compared to a GAAP gross margin of 47.1% for the same period last year.
• Non-GAAP gross margin was 52.8% for the quarter, compared to 51.2% for the same period last year.
• GAAP operating loss for the quarter was $6.5 million, compared to a loss of $12.6 million for the same period last year.
• Non-GAAP operating income for the quarter was $4.9 million, compared to $4.0 million for the same period last year.
• GAAP net loss for the quarter was $13.0 million, or ($0.24) per diluted share, compared to a loss of $13.9 million, or ($0.26) per diluted share, for the same period last year.
• Non-GAAP net income for the quarter was $2.7 million, or $0.05 per diluted share, compared to Non-GAAP net income of $2.4 million, or $0.05 per diluted share, reported for the same period last year.
• Net R&D expenses for the quarter amounted to $25.1 million, an increase of 1.9% compared the same period last year.
• The Company generated $27.1 million in cash from operations during the first quarter and ended the period with $346.5 million in cash and cash equivalents.

For earnings history and earnings-related data on Stratasys (SSYS) click here.

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