Stratasys 3D printer company
Stratsys
+4.78%
closure:0
opening:12.96
High:13.96
low:12.72
cycle:—
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
which activated a poison pill against the attempted takeover of Nano Dimension expects revenues of 645 million dollars in the coming year (mid-term), below analysts’ expectations of 655 million dollars. But despite the somewhat disappointing forecast, the stock still rises (it started the day with a decline). The company anticipates “continuous quarterly growth in revenues – with a noticeable increase in the second half”, and this while noting that this forecast is based on the assumption that inflation, the increase in interest rates and the problems in the supply chain “will no longer harm the activity”. The company also hopes to register a gross profitability rate of 48.5%. Bottom line, the company hopes to post a net profit Non-GAAP of 12 to 24 cents (fully diluted), below analysts’ expectations of 20 cents per share.
So the forecast is weak and as mentioned the investors are still not quite sure how to ‘eat’ it. In any case, in the results for the fourth quarter the company reported a profit of 7 cents per share, on revenues of 159.3 million dollars. Better than the expectation of 3 cents per share on revenues of $157.6 million.
For the entire year, the company recorded revenues of 651.5 million dollars, an increase of 7.3% compared to the year before, and above the analyst consensus for 650 million dollars. In the bottom line, the company earned an adjusted 15 cents per share, above expectations for 11 cents per share.
The company’s coffers now have 327.8 million dollars, without debt, when the company trades at a value of 927 million dollars, and this after the stock plunged by 45% in the last year.
Dr. Yoav Zeif, CEO of Stratasys, said on the background of the results: “Stratasys grew at a rate of 11.4% in 2022 after adjustments for assets sold and the effects of exchange rates, and recorded a sixth consecutive quarter of profitability on an adjusted basis, and this against the background of the challenges of the global economy and getting stronger.
“We are encouraged by the signs of great future demand from our customers for the solutions we offer. The high levels of business across our entire range of innovative products, alongside the strength of our income from customer service, give us the confidence that once the restrictions on capital expenditures are removed and the levels of use in the market increase, we will see the fruits of our efforts. With a broad-based technological offering, and a marketing and market penetration capability unmatched in the industry, Stratasys’ successful positioning will allow it to expand the circle of customers we serve, as the current economic trends subside. Being equipped with a stable balance sheet and an orderly approach to expense management, we are well prepared to build the leading ours in the industry in the coming years.”
The results for 2022 compared to 2021:
Revenues totaled $651.5 million compared to $607.2 million.
GAAP gross margin was 42.4% compared to 42.8%.
Non-GAAP gross margin was 48.0% compared to 47.8%.
The GAAP operating loss was $57.2 million, compared to a GAAP operating loss of $79.2 million.
Non-GAAP operating profit amounted to $13.5 million, compared to a non-GAAP operating loss of $1.7 million.
Adjusted EBITDA was $36.1 million, compared to $22.6 million.
GAAP net loss was $29.0 million, or $(0.44) per diluted share, compared to GAAP net loss of $62.0 million, or $(0.98) per diluted share.
Non-GAAP net income was $10.3 million, or $0.15 per diluted share, compared to a Non-GAAP net loss of $4.3 million, or $(0.07) per diluted share.
The planned inventory build led to $75.4 million in cash used for current operations, compared to $35.8 million in cash from current operations.
Comments to the article(0):
Your response has been received and will be published subject to the system policy.
Thanks.
for a new comment
Your response was not sent due to a communication problem, please try again.
Return to comment