Stratasys FY24 Outlook: Revenue $630M - $645M Vs. $644.09M Estimate, Adj. EPS $0.12 - $0.19 Vs. $0.26 Estimate, GAAP EPS $(1.24) - $(1.01) Vs, $(0.59) Estimate

Author: Benzinga Newsdesk | March 07, 2024 08:43am

Financial Outlook:

Based on current market conditions and assuming that the impacts of global inflationary pressures, relatively high interest rates and supply chain costs do not impede economic activity further, the Company is providing the following outlook for 2024:

• Full year revenue of $630 million to $645 million, improving sequentially through the year.
  • Compare to 2023 revenue of approximately $616 million excluding divestments and annualizing Covestro.
• Based on current logistics and materials costs, full year gross margins of 49.0%-49.5%, improving sequentially through the year.
• Full year operating expenses in a range of $292 million to $297 million.
• Full year non-GAAP operating margins in a range of 2.5% to 3.5%.
• GAAP net loss of $88 million to $72 million, or ($1.24) to ($1.01) per diluted share.
• Non-GAAP net income of $9 million to $14 million, or $0.12 to $0.19 per diluted share.
• Adjusted EBITDA of $40 million to $45 million.
• Capital expenditures of $20 million to $25 million.
• Positive cash flow from operating activities.

Posted In: SSYS