Materialise NV (MTLS) Tops Q1 EPS by 11c; offers guidance

Materialise NV (NASDAQ: MTLS) reported Q1 EPS of $0.07, $0.11 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $71.65 million versus the consensus estimate of $58.63 million.

Guidance:

"In the beginning of 2023, we expected Materialise to report consolidated revenue between 255,000 kEUR and 260,000 kEUR and Adjusted EBITDA between 25,000 kEUR and 30,000 kEUR. Based on the company’s strong Q1 performance, but also bearing in mind the uncertain global macro-economic environment, we now believe that our 2023 revenue will come closer to the high end of the initially guided range, and expect that our 2023 Adjusted EBITDA could be up to 10% higher than the top of the range communicated earlier.”

For earnings history and earnings-related data on Materialise NV (MTLS) click here.

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Limoneira (LMNR) Misses Q2 EPS by 8c, Beats on Revenue
• Lands' End (LE) Tops Q1 EPS by 8c ; Offers Guidance