Stratasys (SSYS) Reports In-Line Q1 EPS

Stratasys (NASDAQ: SSYS) reported Q1 EPS of ($0.06), in-line with the analyst estimate of ($0.06). Revenue for the quarter came in at $134.2 million versus the consensus estimate of $132.25 million.

Financial Outlook:

The Company is reiterating and updating its outlook as follows:

• Second quarter 2021 revenue of mid-teens percentage growth year-over-year.
• Full year operating expenses expected to rise approximately $25 million to $30 million compared to 2020, likely closer to the high end of the range, primarily due to the return of employees to a full-time schedule starting January 1, 2021, as well as the impact of recent acquisitions.
• Full year capital expenditures anticipated range from $24 million to $30 million.
• Longer term, the Company continues to expect significant leverage benefit from its investments as revenue growth should accelerate in 2022 and beyond.

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

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