Stratasys (SSYS) Reports In-Line Q1 EPS

Stratasys (NASDAQ: SSYS) reported Q1 EPS of $0.05, in-line with the analyst estimate of $0.05. Revenue for the quarter came in at $163.2 million versus the consensus estimate of $162.65 million.

Financial Guidance:

Stratasys today reiterated previously provided guidance for 2017. The Company’s guidance for projected revenue and net income (loss) for the fiscal year ending December 31, 2017 is as follows:

Revenue guidance of $645 to $680 million.
GAAP net loss guidance of $53 to $39 million, or ($1.00) to ($0.73) per diluted share.
Non-GAAP net income guidance of $10 to $20 million, or $0.19 to $0.37 per diluted share.

Stratasys provided the following additional guidelines regarding the Company’s projected performance and strategic plans for 2017:

Non-GAAP operating margin guidance of 3% to 5%.
Capital expenditures guidance of $40 to $50 million.

Given the expected ongoing negative impact of not recording a tax benefit on U.S. tax losses on the Company’s non-GAAP net income, the Company believes that the rate of growth in its non-GAAP operating income will be the best measure of performance.

Non-GAAP earnings guidance for 2017 excludes $34 million of projected amortization of intangible assets; $18 to $20 million of share-based compensation expense; $2 to $3 million in merger and acquisition related expense; and $8 to $10 million in reorganization and other related costs; and includes $3 to $4 million in tax expenses related to non-GAAP adjustments.

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

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