Stratasys Releases First Quarter 2020 Financial Results
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Stratasys (SSYS) Misses Q1 EPS by 14c, Revenues Miss
May 14, 2020 7:31 AM EDTStratasys (NASDAQ: SSYS) reported Q1 EPS of ($0.19), $0.14 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $132.91 million versus the consensus estimate of $136.53 million.
Q1 2020 Financial Results Summary:
Revenue for the first quarter of 2020 was $132.9 million, compared to $155.3 million for the same period last year. The 14.4% reduction was driven primarily by the adverse impact of COVID-19 on the companys customers throughout the industries into which the company sells its products and services.
GAAP gross margin was 45.0% for the quarter, compared to 49.2% for the same period last... More