Loading...
Loading...
- Stratasys Ltd SSYS reported second-quarter FY22 revenue growth of 13.3% year-over-year to $166.6 million, beating the consensus of $166.3 million.
- Product sales rose 15.4% Y/Y to $115.7 million. Services revenue increased 9% Y/Y to $50.9 million.
- The adjusted gross margin was consistent at 47.6%.
- Adjusted EPS of $0.02 beat the consensus loss of $(0.01).
- Adjusted operating income was $1.9 million, compared to a loss of $(2.6) million a year ago.
- Adjusted EBITDA was $7.4 million, compared to $3.5 million a year back.
- The company used $(22.8) million in cash in operating activities and held $441.5 million in cash and equivalents.
- FY22 Outlook: Stratasys cut revenue outlook from $685 million - $695 million to $675 million - $685 million, vs. the consensus of $689.6 million.
- Stratasys reiterated non-GAAP EPS of $0.14 - $0.19 vs. the consensus of $0.16.
- Price Action: SSYS shares traded lower by 0.71% at $20.85 in the pre-market session on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in