Stratasys Q1 2025 Earnings Call Transcript

Quartr
Provided by Quartr
May 8, 2025

There are 9 speakers on the call.

Operator

Future financial performance and our expectations for our business outlook. All statements that speak to future performance, events, expectations or results are forward looking statements. Actual results or trends could differ materially from our forecast. For risks that could cause actual results to be materially different from those set forth in forward looking statements, please refer to the risk factors discussed or referenced in Stratus' annual report on Form 20 F for the 2024 year. Please also refer to that annual report along with our reports filed with or furnished to the SEC throughout 2025 for additional operational and financial details.

Operator

Reports on Form six ks that are furnished to the SEC on a quarterly basis and throughout the year provide updated current information regarding the company's operating results and material developments concerning our company. Stratasys assumes no obligation to update any forward looking statements or information which speak as of their respective dates. As in previous quarters, today's call will include GAAP and non GAAP financial measures. The non GAAP financial measures should be read in combination with our GAAP metrics to evaluate our performance. Non GAAP to GAAP reconciliations are provided in the tables in our slide presentation and today's press release.

Operator

I will now turn the call over to our Chief Executive Officer, Doctor. Yoav Zeif. Yoav?

Speaker 1

Thank you, Yonah. Good morning, everyone, and thank you for joining us. Our solid first quarter performance continues to demonstrate the resilience of our recurring revenue model and the high utilization rates across our customer base. Our results reinforce our confidence in expanded implementation for years to come. The robust demand for consumables, which grew 7% sequentially, underscores the enduring value placed in Stratasys additive manufacturing systems.

Speaker 1

Our strategic positioning remains excellent as we continue benefiting from our ongoing investments in R and D that support the introduction of innovative products, materials and software solutions to serve our customers and enhance our presence as a digital manufacturing leader. Our long term value creation strategy focuses on high growth end users driven by powerful megatrends. These include supply chain improvement through onshoring, next generation mobility, sustainability initiatives and the continuous pursuit of manufacturing efficiency and cost reduction through a disciplined market focused approach centered around the most compelling use cases while paying close attention to our margin profile, we have established the foundation for Stratasys profitable growth. We have drive our strategy early in the second quarter, we closed on Fortissimo Capital's one hundred and twenty million dollars strategic investment in the company, bringing our cash and equivalents to approximately $270,000,000 with no debt. This significant transaction brought Yuvalcoy, Fortissimo founding and managing partner with over three decades of financial experience to our Board of Directors.

Speaker 1

His innovative approach has created tremendous value for his firm and the companies in which they have invested and we look forward to Yuval's contribution to our Board. Before diving into the quarter, let me touch on how we are thinking about the ongoing tariff situation. Last quarter, we shared that from our perspective, we are relatively exempt from this issue. Most of our printers and materials are produced in The U. S.

Speaker 1

Or in Israel. We are monitoring the new cycle closely. And at this time, we continue to expect no material revenue impact. In terms of our costs, we are reviewing various mitigation scenarios that can be quickly deployed if needed. As a reminder, additive manufacturing is ideally suited as a solution for high tariff environment as it promotes manufacturing locally, quickly and cost effectively.

Speaker 1

Tariffs can actually serve as a long term positive business catalyst and we look forward to increased activity with our customers as we demonstrate these benefits. Turning to new technology offerings and customer success beginning with hardware. We launched the NEO 800 plus an advanced stereotography three d printer that builds on the success of the NEO 800 with significant performance enhancements for industries that benefit from large accurate high fidelity parts. The new model incorporates technology that boosts printing speed by up to 50% while maintaining precision. Enhanced reliability features and real time environmental monitoring maximize uptime and consistency at faster scan speeds without compromising quality together with our GraphCat print build preparation software, complementary post processing solutions and a new improved portfolio of materials, the NEO 800 plus provides a complete SLA ecosystem that streamlines production workflows for applications in automotive, aerospace, wind tunnel testing, prototyping and tooling.

Speaker 1

We launched this exciting new technology alongside Rivian Automotive, an end core customer at the Rapid Trade Show in April. In aerospace, a recent and exciting example of manufacturing flight rate parts is BOOM Supersonic, where our FDM portfolio is helping to build the next generation of supersonic commercial jets. Their XB-one jet broke the sound barrier during the first quarter and we were proud that over three fifty end use parts on the aircraft were made using our system. Our FDM also printed over seven fifty drill guides for use during aircraft assembly, as well as the StarLink mount on the chase plane to support live streaming of the event. As an example of how additive manufacturing has a clear economic advantage, the flight controlled test ring tooling for the XB-one resulted in a 90% savings on cost and lead time as compared to conventionally produced alternatives.

Speaker 1

And we are proud to mark the tenth anniversary of our Fortus 450MC with the launch of the Gen three model, an upgraded factory floor ready solution designed for high strength tooling and production application. With 92% of units installed over the past decade still in use, the Fortus 450MC and its reputation is a reliable FDM workhorse. The new Gen three builds on that legacy with bundled hardened components for advanced materials like Nylon 12 CF, a license for full access to the Photos four fifty MC material portfolio and enhanced processing capabilities with included GraphCat Print Pro for great precision and productivity. Additional upgrades in the coming months include support for glass filled, fire resistant materials and features to enable faster build time, expanding the systems application range for jigs, fixtures and other factory ready parts. The Fortus 450MC Gen three reinforces Stratasys' commitment to delivering reliable, connected solutions that help manufacturers boost output, reduce costs and streamline operations.

Speaker 1

On the material side, we reached another significant milestone in our effort to scale and accelerate adoption of qualified additive manufacturing. With the launch of two new validated anterior materials for the Stratasys F900. These were developed through rigorous qualification collaboration with industry leaders, including Northrop Grumman, Boeing and BAE Systems and several defense organizations including U. S. Navy and Air Force.

Speaker 1

These advanced industrial solution materials meet stringent requirements for mission critical applications in aerospace, defense and other high regulated industries. The materials offer exceptional resistance to extreme temperatures and harsh chemicals enabling manufacturers to confidently adopt three d printing with proven reliability, reduced qualification costs and consistent performance across production sites, empowering faster innovation and deployment of additive manufacturing for qualified end use application throughout enterprise operations. We also introduced PolyJet Tough one, an advanced material that addresses a key point of feedback from our customers, providing PolyJet with functional prototyping capabilities to expand the amount of use cases. The material combines exceptional design precision with functional strength for our high end platforms, enabling engineers and designers to create prototypes and end use parts without compromising between aesthetic and durability. Tough one allows engineers to move from concept to functional testing faster, while maintaining precision and performance and it integrates seamlessly with other PolyJet materials to enable hybrid models that combine different mechanical properties or colors within a single part.

Speaker 1

Now over to Eitan to review our financials. Eitan?

Speaker 2

Thank you, Yav, and good morning, everyone. This quarter demonstrated the continued resilience of our operating model, a key differentiator relative to competitors in our sector, as well as the fast actions of our team as we delivered significant OpEx savings and bottom line profit despite pressure on revenues. These solid results were thanks in part to a quarter of sequential growth in consumable sales and full run rate contributions from the cost control initiative we began in the middle of last year. Now let me get into the details of our numbers. For the first quarter, consolidated revenue was $136,000,000 compared to $144,100,000 in the same quarter in 2024.

Speaker 2

As customers continue to defer major capital spending until market uncertainties subside. Product revenue in the first quarter was $93,800,000 compared to $99,200,000 in the same period last year. Service revenue was $42,200,000 compared to $44,900,000 in the same period last year. Within product revenue, system revenue was $31,200,000 compared to the $32,900,000 we produced in the same period last year. Consumables revenue was $62,600,000 compared to $66,300,000 in the same period last year.

Speaker 2

Note that on a sequential quarterly basis, consumable revenue was up approximately 7%. Utilization rates of the system we have sold remain strong and we expect consumables revenue to grow on a full year over year basis in 2025 relative to 2024. Within service revenue, customer support revenue was $30,000,000 compared to $31,400,000 in the same period last year. Now turning to gross margin. GAAP gross margin was 44.3% for the quarter compared to 44.4% for the same period last year.

Speaker 2

Non GAAP gross margin was 48.3% for the quarter compared to 48.6% in the same period last year. The modest decline versus the prior year period was driven in part by the lower revenue. GAAP operating expenses were $72,600,000 50 3 point 4 percent of revenue compared to $88,400,000 or 61.3% of revenue during the same period last year. The reduction in expenses was due to our cost savings initiative and by not having the expenses associated with the strategic review process that we conducted in 2024 among other items. Non GAAP operating expenses were $62,600,000 40 6 percent of revenue compared to $71,200,000 or 49.4% of revenue during the same period last year, due primarily to lower employee related costs, including benefits from the cost saving initiatives announced later on last year.

Speaker 2

Regarding our consolidated earnings, GAAP operating loss for the quarter was $12,400,000 compared to a loss of $24,500,000 for the same period last year. Non GAAP operating income for the quarter was $3,000,000 compared to an operating loss of $1,200,000 for the same period last year, reflecting the impact of reduced operating expenses due to our cost cutting efforts. GAAP net loss for the quarter was $13,100,000 or $0.18 per diluted share compared to a net loss of $26,000,000 or $0.37 per diluted share for the same period last year. Non GAAP net income for the quarter was $2,900,000 or $04 per diluted share compared to a net loss of $1,700,000 or $02 per diluted share in the same period last year. Adjusted EBITDA was $8,200,000 for the quarter compared to $4,100,000 in the same period last year.

Speaker 2

From a cash flow perspective, we generated $4,500,000 in cash from operating activities compared to $7,300,000 in the same period last year. We ended the quarter with $150,100,000 in cash, cash equivalents and short term deposits, relatively flat as compared to year end 2024. Our balance sheet remains strong, currently at $270,000,000 and no debt after being bolstered by the $120,000,000 in cash contributed by Fortissimo investment in Stratasys in early April, strengthening our ability to act on value enhancing opportunities. Now let me turn to our outlook for 2025. We are reiterating our expectation that full year 2025 revenues will range between $70,000,000 to $585,000,000 with revenues growing sequentially through the year.

Speaker 2

We are also reaffirming non GAAP gross margin, operating expenses, operating margins and adjusted EBITDA and capital expenditures. And we expect to see year over year growth in both operating and free cash flow. Please refer to the press release for additional details. We are raising our earnings per share outlook. As a result of the Fortissimo investment, our share count as of April 8 went up by approximately 11,650,000.00 shares.

Speaker 2

Our outlook assumes the Fortissimo investment will generate interest income throughout the entire year of 2025. And that this interest income will more than offset the dilution to our earnings from the higher share count. As a result, we are raising our earnings forecast as follows. We now expect GAAP net loss to be in the range of minus $64,000,000 to minus $49,000,000 an improvement as compared to the previous range of minus $68,000,000 to minus $53,000,000 We also now expect GAAP EPS to improve to a range of minus $0.80 to minus $0.61 per diluted share as compared to the previous range of minus $0.93 to minus $0.72 We're also increasing our non GAAP net income guidance to a new range of $24,000,000 to $30,000,000 as compared to the previous range of $20,000,000 to $26,000,000 and EPS to a range of $0.30 to $0.37 per diluted share as compared to the previous range of $0.28 to $0.35 per diluted share. With that, let me turn the call back over to Yohav for closing remarks.

Speaker 1

Yoav? Thank you, Eitan. Our start to 2025 establishes a solid foundation for the year ahead. Stratasys is exceptionally well positioned. Thanks to our strategic cost management initiative, continuous product innovation and growing integration into our customers' manufacturing workflow.

Speaker 1

Our strong financial position bolstered by the Fortissimo investments expands our capability to pursue both organic growth opportunities and strategic acquisitions that align with our vision for accretive expansion. We have refined our strategic focus to target the most promising applications while enhancing our customer engagement approach through improved go to market strategies and comprehensive user education programs. Our unwavering commitment to increasing profitability while maintaining financial discipline ensures we are optimizing for both near term performance and long term value creation. With our strong portfolio across systems, consumable and software, Stratasys is ideally positioned to capitalize on market momentum when capital investment cycle accelerate. With that, let's open it up for questions.

Speaker 1

Operator?

Speaker 3

Thank you. We will now be conducting a question and answer session. The first question is from Brian Drab from William Blair. Please go ahead.

Speaker 4

Hey, good morning. Thanks for taking my questions. Great to see you guys are off to a solid start to the year. Thank you. Thank I just yes, I first just wanted to just a point of clarification on the tariffs.

Speaker 4

When you're importing a system from Israel to The United States, how does the tariff affect you? And do you pay the tariff on the cost of goods maybe because you're shipping it from Israel to your headquarters and then distributing it from there? Or how is that affecting your cost of goods currently?

Speaker 1

Thank you, Brian. Yes, exciting times we are experiencing now. So just addressing directly your question, when we are importing from Israel to The U. S, we pay on the cost of goods sold. And currently, the new tariff is 10% for the next ninety days, at least, who knows.

Speaker 1

But it's not material, to be honest.

Speaker 4

Okay. Understood. That was my understanding and I just wanted to check. And then second question is what type of economic situation are you embedding into the forecast for the second half? There are a lot of expectations for challenges in North America and The United States and Europe for a challenging macro environment.

Speaker 4

And it feels from the call like you're fairly optimistic about the second half of the year. So I want to understand how you're viewing the situation. Thank

Speaker 5

you, Brian. So based on the uncertainty or considering the uncertainty in the market, we reiterated our guidance, our numbers that's baked and based on the visibility that we currently see. And they baked a second half that is slightly higher in revenue terms than the first half similar to almost every year and there is also seasonality in there. But I just want to remind you and everyone, and I think we said that in the last call, due to the uncertainty, our focus was to secure in the short term this year the bottom line to bring the 8% EBITDA and to make sure, of course, if the market opens earlier and recover earlier, that will just increase and improve the situation. But we focused on securing EBITDA and of course, we still as we mentioned in the previous calls, we do see sequential increase every quarter including Q2 and then second half stronger than the first half.

Speaker 1

Yes. And it's clear that there is uncertainty here, but we still stick to this forecast that will be slight increase quarter over quarter, also slight increase in Q2. And it's like a personal wish that sometime in the future things will stabilize and there will be a new equilibrium. And the nice thing here that we are working internally on the cost structure and on the assets that we have like the relationship with our customers, the position in aerospace and defense and key use cases, making sure we are delivering the best service. So when manufacturing come back to normal, we are in the best position to capture profitable growth going forward.

Speaker 4

Great. Thanks for taking my questions.

Speaker 3

The next question is from Greg Palm from Craig Hallum. Please go ahead.

Speaker 6

Yes, thanks. This is Danny Egrich on for Greg today. Appreciate you taking the questions and congrats on the good results. I think let's hit on consumables here. Obviously, as you mentioned, kind of a nice bounce back quarter after a little bit of softness last quarter.

Speaker 6

Maybe just a bit more color on what you kind of saw throughout the quarter in terms of activity utilization, how that trended through the quarter and what you've seen so far through April with your customers?

Speaker 5

Sure. Thank you, Danny. So as you mentioned, we're back and I believe that in the last call we discussed this as well. We're back to the $125,000,000 level. We do see we see higher utilization as we progress into manufacturing more and more and that's something that we've discussed in the previous calls as well.

Speaker 5

And we still expect 2025 full year consumable to be higher than the 2024 full year consumable revenue. So we do see the demand and quarter by quarter, of course, we will continue to deliver. And again, it's more and more shifting to manufacturing that has higher utilization and more consumable costs.

Speaker 6

Okay. Thanks. Maybe now just now that we've got kind of that cash infusion from Fortissimo, maybe how we should think about capital allocation moving forward, increased near term appetite for M and A? And I know we got the buyback out there, just maybe how we should think about that?

Speaker 1

Yes. Thank you for the question. So as we know, industry continues to consolidate. Our industry is struggling. And the result is a shakeout and consolidation.

Speaker 1

You know all the examples. The primarily expected use of the Capite platform for Tissimo is inorganic growth. And as we said also last quarter, we had the privilege over the last few years to learn the industry in-depth through several processes. So we really understand the environment, we understand CompTIR and we have a good understanding of the industry and the potential value creation. And now add to it the market prices of the assets currently that exist in the market.

Speaker 1

Those are great opportunities, and we are in the driver's seat practically to capture this value creation. Because we work so hard and our teams work so hard to create a stable financially healthy company, which put us in a good position going forward. We'll do, of course, only move that makes sense and are completely aligned with our strategy, which is focusing on proven use cases to penetrate manufacturing full solution, build recurring revenues models. We believe in recurring revenues in material and software. And then all the consolidation has to align with our strategy.

Speaker 1

And we are keeping profitability in mind whatever we will do. This is a priority.

Speaker 6

Okay. That all sounds good. I'll pass it along.

Speaker 3

The next question is from Troy Jensen from Cantor Fitzgerald. Please go ahead.

Speaker 7

Hey gentlemen, congrats on the sustained profitability here. Maybe to that point, to start with you, Yukon, just R and D spending down a lot sequentially and kind of well below where it's been all of last year. Is this can you just talk about what was cut primarily? And then is this the kind of run rate you think on R and D going forward?

Speaker 2

Sure, Troy. So first of all, it's not a cut.

Speaker 5

It was focused. And if you go back to the second quarter twenty twenty four earning call when we announced the restructuring plan, I believe that we discussed this in thorough. We continue to invest in R and D in the right areas, in the right technologies, in the right use cases. We I think I mentioned that before, if you look on our R and D as a percentage of revenue, we continue to deliver to keep it at a level that is very similar to the multiyear R and D percentage. So this is in fact proving the continuous investment.

Speaker 5

It's just more focused, it's

Speaker 2

not cut and that's consistent with our plan.

Speaker 5

Okay. All right.

Speaker 7

And then maybe for Yoav here, just I want to talk just kind of generically about the low end and I know you guys got your subsidiary with Ultamaker MakerBot, but competition from Bamboo Labs and what is it doing to just kind of f one, two, three sales?

Speaker 1

Thank you, Trevor, for the question. Maybe just to add to what Eitan said about R and D, I want to mention that we have excellent teams across our different technologies, which put reliability above everything. And I will connect it to the Bamboo Lab. We put reliability above everything. And since you have good relationship in the industry, you can also talk with our customers.

Speaker 1

You know, the one big differentiation that we have that our additive works and it's industrial grade. Now let's take it to bamboo large and the low end. This is not our area. From the beginning, when I joined Stratasys five years ago, I said, okay, prototyping is great, but it will be commoditized. The low end prototype will be commoditized.

Speaker 1

This is not the way to leverage the unique assets and capabilities that Stratasys have. We have amazing relationship with the key players in the key verticals like aero, defense, automotive, dental, medical, those guys will never buy bamboolez, just between of us now, will never buy bamboolez. Why? Because they care about reliability, they care about the total cost of ownership, which is the full solution. They care about how accurate is the part and the properties of the part and they care about someone that will be there for them for enablement and service.

Speaker 1

And this is our focus, okay? It takes time. We are penetrating into manufacturing. It's a good by the way, it's good that the industry is growing and at the low end, people are more exposed and have awareness of energy manufacturing. But when they will want to move from a toy to a real machine, they will go to Stratasys.

Speaker 1

I think it's good for all of us that everyone is doing well. And we are focusing, as I said, just to sum up on industrial manufacturing, the high end of the market where we will continue to add value. And even our F123 can deliver properties and geometries that the current new machines cannot deliver. And this is our market, and this is our focus.

Speaker 7

Yep. I would agree a % on you guys' reliability. I hear it all the time from the users. So keep up the good work there, and I'm excited to see what you all is going to do with the Board changes here. But I mean, with his position on the Board, but thank you.

Speaker 2

Thank you. Thank you.

Speaker 3

The next question is from Ananda Baruah from Loop Capital Markets. Please go ahead.

Speaker 8

Yes, guys. Good afternoon. Thanks for taking the questions. Really appreciate it. I guess just two if I could.

Speaker 8

So at a higher level with regards to sort of maintaining reiterating the 2025 guide, do you guys are you guys sort of loud and clear that you aren't seeing any business deterioration yet? Are you having is there any conversational context that you're having with larger customers that you could share to help us get a sense of how they're thinking about things sort of in what's having them not alter their forecast yet in the big picture? And then I have a quick follow-up. Thanks.

Speaker 1

Thank you, Ananda. It's kind of a unique situation that we are facing. One hand, there is so much uncertainty, macro condition are not supportive. We see a dictation, we see longer sales cycle. This is the virtue.

Speaker 1

On the other end, engagement, our customers are highly engaged and look and explore additive as a tool for a mitigation to the uncertainty. So the demand behind the scene is strong, but there is definitely a constraint on capital expenditure, no doubt. And that's why we need to take a deep breath, keep doing a great job that we are doing, leveraging our assets and deliver the message of the absolute advantage that additive manufacturing has in different use cases. We benefit our customer with onshoring, with lower cost, with better geometries, with personalization. Only additive can do it.

Speaker 1

And we shouldn't focus now on the gloomy world and the uncertainty that we are seeing. We should focus on profitability and model of cost that is agile and sustainable and improving our solutions that when manufacturing will come back to normal, we are there and we will deliver to the pent up demand of our customers. This is the idea. And I think that there is no one better than Stratasys once we are back to the upward cycle and it will happen. It will happen.

Speaker 8

That's really good context. And let me ask maybe a little bit of a sexier question here. This is another big picture one. I don't think I asked this of you ninety days ago, but just this whole conversation that's amplified a little bit more over the last twelve months around manufacturing factory automation that's been GenAI kind of catalyzed and NVIDIA has given, I think in the last thirteen, fourteen months like four on stage long form presentations around the increased use of robotics energized by GenAI. You guys fit very nicely into that whole automation conversation.

Speaker 8

I guess, really the question is, is there work going on between you guys and that whole GenAI community, robotics community, broader automation community to sorta connect into, you know, and see what whatever that NVIDIA vision is. I know that I know that it's not just NVIDIA doing it. There's a whole ecosystem of companies. They seem to be though like the flag bearers over the last thirteen, fourteen months in propagating the vision sort of the next step forward. So you guys would seem to fit in that conversation really snugly.

Speaker 8

Just wondering if it's the time where there's efforts actually taking place to sort of further bring together the various communities or if it's too early to do that? Just trying to get a sense of that. Thanks a lot.

Speaker 1

Thank you so much for the question. And full disclosure, we didn't ask you to ask it. Yes. The answer is yes. This is the nice thing in Entity.

Speaker 1

We are a digital solution and the world is becoming more and more digital. And on top of it, we are going to GenAI and robotics and automation. Robotics and automation are benefiting tremendously from additive manufacturing. Why? Because all the advantages of additive are there.

Speaker 1

You need special geometries, you need to consolidate part, you need the way to have very small batches of production. And on top of it, when we are talking about AI, the whole way and methodology of designing and delivering parts will move to artificial intelligence. We will stick to the computer and we will create digital files that will be printed and used in end use parts and also in finished goods and models. So we have a unit that is focusing on it. We already have an AI solution out there based on recent acquisition that we had a couple of years ago, where we are correcting the part based on AI because every day one of the main challenges of additive is the ability to have repeatability and accuracy at first print.

Speaker 1

We have so much data and we will leverage all the data that we have to make sure that at first print you get the best part. We are also working on service model with AI, predictive service model and so on and so forth. The way we look at it strategically, looking at a big picture, we have relationship with the top corporate in the world. We are asking them, what are you expecting from us on AI? This is OneStream and we call it customer advisory board.

Speaker 1

And in addition, we have this unit that it that works independently, brainstorming and trying to innovate to innovate on artificial intelligence and how it can transform additive. Very exciting, I have to say. Exciting and we work with our customers. We have customer advisory boards like Boeing, like Lockheed, like Nortro, Toyota and so on and GM.

Speaker 8

Excellent. That's really useful feedback. Really appreciate it. A lot. Thank you.

Speaker 3

There are no further questions at this time. I would like to turn the floor back over to Joab Zeif for closing comments.

Speaker 1

Thank you for joining us. Looking forward to updating you again next quarter.

Speaker 3

This concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation.

Powered by Quartr

Key Takeaways

  • Stratasys reported Q1 consolidated revenue of $136 million and a 7% sequential increase in consumables, underscoring the resilience of its recurring revenue model and high system utilization rates.
  • Cost-control initiatives reduced GAAP operating expenses to 53.4% of revenue, narrowing the GAAP operating loss to $12.4 million and producing $3 million in non-GAAP operating income, while Adjusted EBITDA rose to $8.2 million.
  • The company closed a $120 million strategic investment from Fortissimo Capital, boosting cash to approximately $270 million with no debt and adding Fortissimo’s founding partner Yuval Coyle to the board.
  • New offerings launched include the NEO 800 Plus SLA printer with up to 50% faster build speeds, the Fortus 450MC Gen 3 FDM system, and advanced materials such as validated industrial polymers for aerospace/defense and PolyJet Tough One.
  • For full‐year 2025, Stratasys reaffirmed revenue guidance of $570 million–$585 million, raised its GAAP net loss outlook to –$64 million to –$49 million, and increased non-GAAP net income guidance to $24 million–$30 million, expecting sequential revenue growth throughout the year.
A.I. generated. May contain errors.
Earnings Conference Call
Stratasys Q1 2025
00:00 / 00:00